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 the “Exchange” tab and after that click on “Basic”.
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 on “LTC/BTC” to 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.
The “Price” field will be automatically filled with the most latest rate (LTC) Litecoin was traded for. You can change this to your favoured rate. The “Amount” field is the amount of LTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of LTC.
When you're happy, make a mouse click on “Buy 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 the “Funds” tab and click on “Withdraw”. (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 on “Submit”. You may be requested for email/phone verification ahead of a take off.
