In this article, I will write a guide to buying Litecoin for newbies in the simplest and easiest way to understand.
Where to buy Litecoin (LTC) from a reputable source?
Currently, in Vietnam, there are marketplaces to buy and sell Litecoin using VND, but personally, I find that the price of Litecoin on these marketplaces is quite high compared to international exchanges.
Therefore, I will guide you on how to buy Litecoin on Binance using USDT.
With Binance, you can buy and sell Litecoin at a better price, and you can also store LTC directly on the exchange
Guide to Buying Litecoin (LTC)
Step 1: Preparation
To start the process of buying Litecoin smoothly, you need to prepare the following:
- A Binance account.
- A Remitano account.
- Obtain a USDT wallet address on Binance.
Register for Remitano according to the instructions here.
Creating a Binance Account
Quick guide:
- Go to Binance.com.
- Click Register in the top right corner.
- Fill in your information and click Register.
After registering, you need to obtain a USDT wallet address on Binance to prepare for the next step.
Read more: A comprehensive guide to Binance Exchange from A to Z
Obtaining a USDT Wallet Address on Binance
- Go to Funds > Deposits.
- Type USDT in the search box and select USDT as shown below:
USDT wallet address appears.
Step 2: Buy USDT on Remitano
Since the process of buying USDT on Remitano is quite lengthy, in this section, I will briefly guide you through the steps to buy USDT:
- Log in to your Remitano account.
- Deposit funds into your VND wallet.
- Choose a USDT seller and click Buy.
- Enter the amount of USDT you want to buy and your USDT wallet address on Binance.
- Click Buy USDT.
Read more: Guide to buying and selling USDT on Remitano.
Step 3: Buy Litecoin on Binance
After the USDT has arrived in your Binance wallet, you can now proceed to buy LTC.
I will guide you on how to buy Litecoin right below. Please follow along carefully:
First, log in to Binance and go to the LTC/USDT trading pair.
Next, select the Limit Buy option as shown below:
You need to fill in the following:
- The price you want to buy at in the Price field.
- The quantity you want to buy in the Amount field.
Then click Buy LTC to execute the buy order.
For example: I want to buy 0.02115 LTC at a price of 172.15 USDT, I need to fill in as shown below.
Then press the Buy LTC button and you’re done.
Conclusion
After reading this article, you now know how to buy Litecoin (LTC) quickly and safely through the Binance exchange.
Hopefully, this is helpful for those of you who are just starting to participate in the cryptocurrency market in general and invest in Bitcoin in particular.
See more: Guide to buying and selling Litecoin on Aliniex.
