How to Buy Litecoin (LTC) in Armenia

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

Step 1 – Join Coinmama

You'll first need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable 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 these easy steps)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate {Litecoin (LTC)|(LTC) Litecoin}

As soon as your deposit has been approved, you'll immediately have access to your assets and you can launch buying and trading. To purchase {Litecoin (LTC)|(LTC) Litecoin} on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

In order to spot {Litecoin (LTC)|(LTC) Litecoin}, you'll need to insert the cointype (LTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “LTC/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Litecoin (LTC)
Step 4 – Buy {Litecoin (LTC)|(LTC) Litecoin}

As soon as you've spotted {Litecoin (LTC)|(LTC) Litecoin}, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our Limit Order.

The ”Price” field will be automatically filled with the latest tariff {Litecoin (LTC)|(LTC) Litecoin} was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of LTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of LTC.

When you are glad, click on “Buy LTC”. Your order will be filled when a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw {Litecoin (LTC)|(LTC) Litecoin}

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to withdraw your {Litecoin (LTC)|(LTC) Litecoin}, hover over the ”Funds” tab and click on “Withdraw”. {Litecoin (LTC)|(LTC) Litecoin} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Litecoin (LTC)|(LTC) Litecoin} by using the provided drop-down box. Put into the amount of {Litecoin (LTC)|(LTC) Litecoin} you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and stored Litecoin (LTC) in Armenia.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the {Litecoin (LTC)|(LTC) Litecoin} is safe inside your wallet, you're finished.

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