How to Buy Litecoin (LTC) in New Zealand

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) has 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 funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate Litecoin (LTC)

Once your deposit has been approved, you'll now have access to your finances and you can launch invest and trading. To invest in Litecoin (LTC) on Binance, you'll want to hover over theExchangetab and click onBasic”.

In order to find Litecoin (LTC), you'll need to put the cointype (LTC) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we've highlighted this too. Click onLTC/BTCto progress.

Step 4 – Buy (LTC) Litecoin

After you have found Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order.

The field with thePricetag will be filled automatically with the most latest price (LTC) Litecoin was sold for. This can be changed to your favoured rate. The field with theAmounttag is the quantity of LTC you wish to purchase. The field with theTotaltag is the aggregated price in BTC that you will pay for the complete quantity of LTC.

When you're satisfied, click onBuy LTC”. Your order will be filled as soon as a Vender trades their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you're trading, you should never keepyour coins on an Exchange for an extended time frame. To withdraw your Litecoin (LTC), go to the tab calledFundsand mouse click onWithdraw”. Litecoin (LTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Enter the quantity of (LTC) Litecoin you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

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

Congratulations! You have successfully purchased and safed (LTC) Litecoin in New Zealand.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is safe in your wallet, you are done.