How to Buy Litecoin (LTC) in Azerbaijan

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

Step 1 – Signup to Coinmama

You will first need to purchase one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive your Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has 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 sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

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

Once your deposit has been approved, you'll immediately have access to your assets and you can begin purchasing and trading. To invest in {Litecoin (LTC)|(LTC) Litecoin} on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot {Litecoin (LTC)|(LTC) Litecoin}, you'll need to put the cointype (LTC) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “LTC/BTC” to progress.

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

As soon as you've found {Litecoin (LTC)|(LTC) Litecoin}, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our own Limit Order.

The ”Price” field will be filled with the up-to-date price {Litecoin (LTC)|(LTC) Litecoin} was sold for. You can change this to your favoured price. The ”Amount” field is the quantity of LTC you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of LTC.

If you are glad, click on “Buy LTC”. Your plan will be filled as soon as a Vendor sells their LTC for the price you submitted.

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

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer time period. To withdraw your {Litecoin (LTC)|(LTC) Litecoin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Litecoin (LTC)|(LTC) Litecoin} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Litecoin (LTC)|(LTC) Litecoin} by using the given drop-down box. Drop in the quantity of {Litecoin (LTC)|(LTC) Litecoin} you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, click “Submit”. You could be requested for verfication via email/phone before a take off.

Kudos! You've successfully bought and stored Litecoin (LTC) in Azerbaijan.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with or and the {Litecoin (LTC)|(LTC) Litecoin} is safe within your wallet, you're all done.

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