A Step-by-Step-Guide on how to buy Litecoin (LTC) in Timor-Leste
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been verified, you'll immediately have access to your assets and you can start invest and trading. To purchase (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To spot (LTC) Litecoin, you'll need to insert the shortname of the coin (LTC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “LTC/BTC” to proceed.
Step 4 – Purchasing Litecoin (LTC) As soon as you have discovered (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 image). And now we are creating our own Limit Order. The “Price” field will be filled automatically with the recent valuation Litecoin (LTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of LTC you like to purchase. The “Total” field is the whole price in BTC that you will settle for the whole volumen of LTC. When you are glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vender trades their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extended time frame. In order to withdraw your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Drop in the amount of (LTC) Litecoin you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.