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 the “Exchange” tab and click on “Basic”. 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 on “LTC/BTC” to 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 the “Price” tag 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 the “Amount” tag is the quantity of LTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of LTC. When you're satisfied, click on “Buy 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 called “Funds” and mouse click on “Withdraw”. 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 on “Submit”. You may be requested for phone/email verification ahead of a take off.