How to Buy Litecoin (LTC) in Luxembourg

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Luxembourg

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your welcome 10$.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been verified, you will immediately have access to your funds and you can start purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to theExchangetab and after that click onBasic”.

In order to locate Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click onLTC/BTCto progress.

Step 4 – Acquisition of (LTC) Litecoin

As soon as you have spotted (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order.

ThePricefield will be automatically filled with the most latest rate (LTC) Litecoin was traded for. You can change this to your favoured rate. TheAmountfield is the amount of LTC you want to buy. The field with theTotaltag is the whole price in Bitcoin that you'll pay for the whole quantity of LTC.

When you're happy, make a mouse click onBuy LTC”. Your order will be filled as soon as a Seller sells their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended time period. To withdraw your (LTC) Litecoin, go to theFundstab and click onWithdraw”. (LTC) Litecoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Put into the quantity of (LTC) Litecoin you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you're happy, click onSubmit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You've successfully purchased and safed (LTC) Litecoin in Luxembourg.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored in your wallet, you're done.