A Step-by-Step-Guide on how to buy Litecoin (LTC) in India
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your welcome $10.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been affirmed, you will now have access to your finances and you can initiate invest and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. To locate (LTC) Litecoin, you'll need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “LTC/BTC” to advance.
Step 4 – Buy (LTC) Litecoin After you have found (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The “Price” field will be filled automatically with the most up-to-date valuation Litecoin (LTC) was sold for. This can be changed to your desired price. The “Amount” field is the volumen of LTC you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of LTC. When you are satisfied, click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. To take off your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Enter the amount of Litecoin (LTC) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You may be asked for verfication via phone/email before a withdrawal.