How to Buy Litecoin (LTC) in Azerbaijan

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your first 10 Dollar.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have selected the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

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

Once your deposit has been confirmed, you will immediately have access to your assets and you can launch buying and trading. To purchase {Litecoin (LTC)|(LTC) Litecoin} on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover {Litecoin (LTC)|(LTC) Litecoin}, you will need to put the short name of the asset (LTC) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “LTC/BTC” to go ahead.

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

Once you've located {Litecoin (LTC)|(LTC) Litecoin}, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

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

If you are happy, click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you offered.

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

Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. To take off your {Litecoin (LTC)|(LTC) Litecoin}, go to the tab called “Funds” and click on “Withdraw”. {Litecoin (LTC)|(LTC) Litecoin} can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Litecoin (LTC)|(LTC) Litecoin} by using the given drop-down box. Put into the amount of {Litecoin (LTC)|(LTC) Litecoin} you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the {Litecoin (LTC)|(LTC) Litecoin} is stored within your wallet, you're done.

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