How to Buy LTC In Nigeria On Remitano

How to Buy LTC on Remitano

Remitano is a popular peer-to-peer cryptocurrency marketplace that makes it easy to buy and sell major cryptocurrencies like Bitcoin, Ethereum, and Litecoin (LTC).

This step-by-step guide will show you exactly how to buy LTC on Remitano.

Step 1: Create a Remitano Account

The first step is to create your free Remitano account:

  1. Go to Remitano.com and click on “Sign Up”
  2. Enter your email and create a secure password
  3. Verify your email address to activate your account

Once your account is activated, you’ll have access to your own digital wallet on Remitano to store coins.

Step 2: Complete the KYC Verification Process

Before buying coins, you’ll need to complete Remitano’s Know-Your-Customer (KYC) verification process. This is required by law and ensures secure trading.

The verification steps are:

  • Upload a photo ID such as a passport or driver’s license
  • Take a selfie photo holding your ID
  • Confirm your phone number with an SMS code

The verification process usually completes within a few hours.

Step 3: Deposit Funds

Once verified, you can deposit fiat currency into your account to use for buying coins.

Remitano supports various deposit options including bank transfers, credit/debit cards, cash deposits and gift cards.

Some popular methods are:

Bank Transfers

  • Fast and low-fee deposits directly from your bank account
  • Supported banks include Barclays, HSBC, Chase and more

Credit & Debit Cards

  • Instant deposits with Visa or MasterCard
  • Up to $20,000 per day deposit limit

Cash & Check Deposits

  • Deposit cash at supporting stores/banks
  • Receive funds in your account quickly

Select your preferred deposit option and follow the instructions to send funds to your account wallet.

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Step 4: Find a Seller Offer

Once there are funds in your account, you are ready to buy LTC. Here are the steps:

  1. Click “Buy Coin” at the top and search for LTC
  2. Enter the LTC amount or quantity you wish to buy denominated in USD, EUR, etc.
  3. You will see listings from various sellers with details like price, limits, location, feedback score, etc. Compare and pick the best offer for you.
  4. Click “Buy” on the offer to move forward

Pro Tip: Choose sellers with a high feedback score (100+) for a smooth trade.

Step 5: Open Trade and Follow Instructions

After picking an offer, you will open a live trade with the seller. Follow these next steps closely:

  • Carefully read through the seller’s terms and click “I Understand”
  • Enter the LTC amount again and confirm purchase details
  • Always follow the seller’s payment instructions precisely
  • This usually involves sending a gift card code or making a bank transfer
  • Click “I have paid” once payment is complete based on seller’s instructions
  • Wait for the seller to verify and release your LTC
  • Leave feedback for the seller after receiving your coins

Important: If you do not pay within the payment time window, the trade cancels automatically. Make sure to complete payment before the timer expires.

Step 6: Store Your LTC Securely

Once the seller releases your newly purchased LTC, you will see it appear in your Remitano wallet.

For long term storage, it’s recommended to move your LTC into a separate offline hardware wallet. Otherwise, your coins can remain stored within your Remitano wallet which also allows you to directly trade or sell them when ready.

And that covers the full process end-to-end of how to easily buy LTC on Remitano!

Frequently Asked Questions

Here are answers to some common questions about buying LTC on Remitano:

What is the minimum/maximum LTC buy amount?

  • There are no fixed limits. Minimum and maximum buy amounts are set at the seller’s discretion. In most cases you can buy as little as $5 worth of LTC.

What fees does Remitano charge?

  • Remitano charges 0% trading fees. However, deposit methods like credit cards do have small third-party fees. Sellers may also build fees into their offered exchange rates.

Is it safe to buy on Remitano?

  • Yes, Remitano employs security measures like multi-signature escrow to protect funds during trades. As with any P2P platform, buyers should still exercise caution by checking seller reputations.

How fast does buying LTC on Remitano take?

  • In most cases buying LTC completes within an hour but transaction times vary case-by-case depending on the payment method used. Bank transfers can take 1-3 days while gift cards are near-instant.

Can I buy other coins like Bitcoin on Remitano?

  • Yes! The process of buying any supported coin like BTC, ETH or USDT works the same way as outlined in this LTC buying guide. Simply search your desired coin.

Buying LTC is easy and convenient with Remitano’s peer-to-peer marketplace. Just look for offers with reputable sellers and positive feedback, follow instructions closely in the trade chat, and you’ll securely obtain your desired LTC amount.