A Step-by-Step-Guide on how to buy Litecoin (LTC) in Anguilla
Step 1 – Signup to Coinmama You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need 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're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Litecoin (LTC) Once your deposit has been verified, you will directly have access to your finances and you can begin invest and trading. To buy Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Litecoin (LTC), you will need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “LTC/BTC” to go on.
Step 4 – Buying Litecoin (LTC) As soon as you have located Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff Litecoin (LTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag 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 complete volumen of LTC. When you are glad, click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, never keep your crypto coins on an Exchange for an longer time period. In order to withdraw your Litecoin (LTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Enter the amount of Litecoin (LTC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.
Congrats! You've successfully bought and stored Litecoin (LTC) in Anguilla.That's it! Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe within your wallet, you're finished.
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