USD, EUR, and CAD, is also insured up to $250,000.
Coinbase: Sign up, Enable 2FA, Fasten a Handelsbank, and Send to a Wallet.
Exchanges are one of the fastest, safest, and easiest ways to buy Litecoin. This guide will take you through how to get set up through Coinbase. Click here to see if they permit trading te your area.
*Side note: You voorwaarde be Legitimate+ ter order to buy on Coinbase
Other Good Exchanges to Look Into:
This is one of the most reputable exchanges ter the Western Hemisphere. They work tirelessly to keep ter line with U.S. regulations so you don’t have to worry about it being seized by the government. Also, all their cryptocurrencies are FDIC insured. Government issued currency i.e. USD, EUR, and CAD, is also insured up to $250,000. However, one downside is that they only offerande three currencies to trade: Bitcoin, Ethereum, and Litecoin. Another downside is that it may take a while for their customer service to get back to you.
Step 1 (Referral Verbinding)
Click on the referral listig below and pack out the information requested. Both you and I get $Ten worth of free Bitcoin if you do!
Step Two (Verify Your Identity)
You will now see your instrumentenbord webpagina.
- Click “Settings.”
- Click “verifying your identity.”
- Pack out the necessary information.
Step Three (Enable Two Factor Authentication)
Now let’s make sure to increase the security on your Coinbase account with Two-Factor Authentication(2FA). This requires you to not only input your password but also a code that is sent to your phone to loom into your account. This prevents hackers who have somehow managed to steal your password from taking your Litecoins. You can request an SMS everytime you loom te or you can download special wise phone apps called Authy or Google Authenticator from your app store. I personally recommend Google Authenticator.
Te order to enable 2FA, go back to “Settings” and then click “Security.” From there, verify your phone and then click “Enable Authenticator.”
Open up Google Authenticator or Authy from your app and the scan the QR code you see from the speelpop up window. Please go after the step-by-step directions provided below.
Step Four (Connect Your Canap or Paypal)
Now that you have 2FA, let’s connect your account to a bankgebouw so you can buy some Litecoin. Click on the “Buy/Sell” tabulator and then “Add Fresh Payment.”
Click on “Add Payment Method” and then choose inbetween your PayPal Account, Bankgebouw Account, or Credit/Debit. I would recommend using the Canap Account option because it permits you to buy more LTC and doesn’t charge you spil large of a toverfee. The only downside is that you will have to wait 4–5 days.
Step Five (Buy Your Litecoin)
You will now be able to choose inbetween Bitcoin, Ethereum, and Litecoin. Click Litecoin, come in how many you want, and then click buy. Your Litecoin will now arrive ter 4–5 days. Don’t worry if it takes longer, sometimes Coinbase can be a little slow because they overeenkomst with so many transactions.
It is also significant to note that Coinbase will charge you a toverfee if you buy LTC this way. If don’t like the toverfee, then loom onto GDAX.com. It is an extension of Coinbase and is for more experienced traders. Te order to use it, you will need to know how to place market orders. Also, it is not assured that you will buy LTC when you submit an order. For newcomers, I very suggest commencing off with Coinbase’s “Buy/Sell” option until you can learn more about limit orders.
Step 6 (Send Your Litecoin to Your Wallet Address)
To send your Litecoin to your desktop wallet like Electrum LTC, click on “Accounts” on the Coinbase webstek and then “send” under your LTC wallet. From there you can copy and paste your address from your Electrum LTC wallet under “Recipient,” come in how much LTC you want to send, and shove “Continue.” You will have to pay a petite toverfee (typically .01 LTC) to give to miners who will verify your transaction.
If you bought Litecoin, then congratulations! I welcome you to the Lite Side. . Here’s a Litecoin T-shirt you can wear ter the streets to feast! It’s a superb conversation starter and a joy way to rep some Litecoin pride!