HOW TO BUY LITECOIN

How to buy LITECOIN

In 2011, a cryptocurrency was launched by Charlie Lee that is popularly known as Litecoin. When we are talking in terms of market capitalization, Litecoin is classified among the highest-ranking cryptocurrencies that are all available in the competition. It is generally adopted as a payment process because of its small fees, rapid approval times, and overall user-friendliness.

How to Purchase Litecoin’s with PayPal, Credit Card, Bank Transfer

LTC can be purchased directly from PayPal. Though, you cannot withdraw out your Litecoin’s, so employ on to the process. Now, below are the step ladder to purchase Litecoin with Card on Coinbase:

Step 1) Create a Coinbase account. Further, pop on Buy/sell key.

Step 2) Once you are asked to attach a payment method. Click on Add Payment Method.

Step 3) Further, you will be requested if you want to link a bank statement or a debit/credit card. Then you can make a selection. At this time, select a Credit/Debit Card method. You can then choose the specific Bank for making a bank transfer.

Step 4) Click the ‘Continue’ key.

Step 5) Then coming to the site that require to validate your identity. Click on ‘Upload ID’. Now, we have chosen Driving License.

Step 6) Further upload your Photo. After the authentication is processed enter billing address information.

Step 7) Add billing address for your debit/credit card.

Step 8) Mention the details of the card in the deal.

Step 9) Now click on ‘Buy/Sell’ then click on ‘Litecoin’.

Step 10) Next you only have to enter the amount of Litecoin that you need to purchase.

Step 11) Click on the ‘Buy Litecoin Instantly button’.

Within a few minutes, your funds will be visible in your account, and you can proceed to acquire Litecoin.

Buy Litecoins with Cash

There is no direct technique to acquire Litecoin for cash.  It is only possible in a case if you get in touch with an individual who decides to exchange his Litecoin for cash, this is not sure to make reliable transactions.

Corresponding to alternative crypto asset, you could purchase LTC for money and then further exchange it electronically for Litecoin.

Best Litecoin Exchanges

You can purchase Litecoin with the assistance of the subsequent Crypto Exchanges:

  1. Binance

Binance stands out as most excellent sort of Litecoin exchanges that lets you to deal with over 150 cryptocurrencies. It as well makes available an API that services you to fit in your existing trading bid.

Features:

  • This is by far the safest Litecoin wallet that proposes a broad spectrum of software for exchange online.
  • It stands in the queue of the safest Litecoin wallets that delivers a 24/7 support.
  • Binance offers basic and advanced exchange interfaces for trading.
  • It ensures 1.2 Bn average day-to-day trading capacity that offers in excess of 1,400,000 transactions per second.
  • This platform is compatible with Web, iOS, Android, and PC devices.

Key Statistics:

  • Authentication takes around 24 hours
  • Credit Device: Bank transfer (ACH)
  • Support provided will be Average
  • Get 5% Concession on Trading Fee
  • Use Referral ID MF6089QQ and get 5% commission kickback

 

  1. Coinbase

Coinbase is a Litecoin exchange that can be used for procuring, vending, relocating, and packing digital currency. It reliably reserves an extensive array of digital resources in offline packing. This unrestricted stage ropes above 100 countries across the globe.

Features:

  • It offers the buy and sell any digital currency and keeping a track of them in one place.
  • It is certainly amongst the main cryptocurrency exchanges.
  • You can plan your exchange transaction on a daily, weekly, or monthly basis.
  • It reserves your capitals in a vault for security purposes.
  • Supported platforms are iOS and Android.
  • You will get $5 in free Bitcoin for signing up

Key Statistics:

  • Authentication takes less than 3 days
  • Credit Devices: Credit card, Debit card, Bank transfer (ACH), Bank transfer (SEPA), Wire transfer.
  • Support provided will be average

 

  1. Trezor

The Trezor hardware wallet supports you to protect and store your Litecoins. You can without any difficulty plug it into your computer or smartphone. It aids you to arbitrarily generate a PIN code that preserves the currency an wallet reliable and protected.

Features:

  • Extremely protected offline packing
  • It ropes over 1,000 digital currencies
  • Practical and user-friendly touchscreen
  • Enormously straightforward and uncomplicated
  • It permits you to reveal your private key
  • Supported platforms are Windows, Linux, Mac OS X

Key Statistics:

  • Authentication is not required for dealings.
  • Credit Devices: Visa, MasterCard, or Bitcoin.
  • Support provided will be good
  1. Gemini

Gemini is a crypto trading wallet that aids you to authorize cryptocurrencies all around the world. The exchange trades in the following cryptos are Litecoin, Bitcoin, Ethereum, Bitcoin Cash, etc.

Features:

  • It is a straightforward, sophisticated, and safe technique to shape a bitcoin and crypto portfolio.
  • Rebates up to 0% for volume traders.
  • Proposes good safety measures.
  • Guideline connects to trust for several investors.

Key Statistics:

  • Authentication process is less than a week
  • Credit Devices: Bank Transfer
  • Support provided will be average.

 

  1. BitFinex

Bitfinex is a trading podium that permits you to effortlessly exchange Litecoin, EOS, Ethereum, and more. It permits you to acquire as an equal capital market. This website proposes cutting-edge plan tools to envision your instruction with effortlessness.

Features:

  • You can join in this product with a broader array of podiums and products.
  • It tenders for assortments of tools to carry out a relaxed transaction.
  • It supports you to estimate your trading act with comprehensive reports.
  • It can be accessed from Android and iOS mobile devices.

Key Statistics:

  • Authentication takes less than 3 days
  • Credit Devices: Credit card, Cryptocurrency, Bank Wire
  • Support provided will be good.

 

  1. Changelly

Changelly is one of the most leading Litecoin exchanges that empowers you to exchange crypto fast and purchase by means of a bank card. It delivers a facility to trade LTC (Litecoin), BTC (Bitcoin), XRP, and ETH.

Features:

  • You can effortlessly understand the top tariffs at present existing and accessible in the market.
  • You do not demand any authentication for swapping transactions.
  • This wallet ropes more than 150 kind of cryptocurrencies.

Key Statistics:

  • Authentication is not needed for exchanges.
  • Credit Devices: Bank transfer using USD, EUR, GBP, bank credit, and debit card.
  • Support provided is average

 

  1. Kraken

Kraken is also considered as prime in the line Litecoin wallets that provides economic constancy by sustaining complete investments, dealings, and the topmost legal compliance standards.

Features:

  • An extremely wide-ranging safety system
  • Permits you to buy and sell resources at just a single click
  • You can put forth to their support squad by means of live chat
  • Kraken mechanically checks all addresses for blunders

Key Statistics:

  • Authentication needs less than 3 days
  • Deposit Methods: Bank transfer, Cryptocurrency, SWIFT, Wire transfer, Osko, SEPA.
  • Support provided by Kraken is good.

 

  1. Huobi

Huobi Global is another online portal offering crypto-currency exchange. It is a platform that proposes and supports to carry out buying and selling of digital assets. It permits you to purchase cryptocurrency such as Litecoin with credit card.

Features:

  • A sturdy account held in dedicated multi-signature.
  • Cold wallets.
  • It consents you to credit, draw, and trade 24/7 through their mobile apps for Android and iOS.

Key Statistics:

  • Authentication takes around 24 hours
  • Credit Devices: AdvCash, Cryptocurrency, SWIFT, Wire transfer.
  • Support extended by the Huobi is quite worthy.

 

  1. CEX.IO 

CEX.IO is another prominent Litecoin exchanges that supports you to buy and sell your Litecoins. It permits you to credit assets by means of MasterCard, Visa card, or PayPal Debit MasterCard. This online program tracks scalping and frequency trading approaches to protect resources and data.

Features:

  • Handlers can exchange USD for Bitcoins, LiteCoin, Ethereum, and XRP (Ripple).
  • It guards against DDoS (Distributed Denial-of-Service) attacks by means of complete data encoding.
  • Permits you to exchange over 10x leverage without making an additional account.
  • It is certainly established amongst the top Bitcoin exchanges that offers backing stands like mobile devices and websites.
  • IO offers downloadable reports showing real time balance and transaction history.

Key Statistics:

  • Authentication takes less than a week
  • Credit Devices: Bank transfer, Credit card, Cryptocurrency, SEPA, Faster Payments (FPS)
  • Support provided by the CEX.IO is average.

 

Features of Litecoin

Discussed below are the imperative features of Litecoin:

  • Litecoin backs to the forthcoming times of digital currency in the crypto domain.
  • It delivers quicker and on the spot payments all over the world.
  • This cryptocurrency payment package does not take in any operational controls.
  • Litecoin lately has initiated Segwit (soft fork change in the transaction format) for improved performance.

Guide to buy Litecoin

What is Litecoin?

Litecoin is a blockchain-based cryptocurrency that was launched in 2011 by Charlie Lee. It is the most popular among the array of cryptocurrencies that are existing for market capitalization. It is frequently employed as a payment scheme attributable to its low fees, rapid approval times, and universal ease of use.

Which are the Best Exchanges to Buy Litecoin (LTC)?

Several top exchanges to purchase Litecoin (LTC) are Binance, Coinbase, Trezor, Gemini, BitFinex, Changelly, Kraken and Huobi.

What is Litecoin used for?

The Litecoin wallet assists in operating and carrying out online transactions. That states that if you are purchasing then go ahead to procure LTC with a credit card, you can consume your coins for certain explicit online acquisitions.

Where to buy Litecoin?

Purchasing Litecoin is extremely effortless and straightforward; you can purchase Litecoin with a PayPal, credit card, or cash from the countless crypto exchanges available such as Coinbase, Binance, Trezor, Gemini, and many more.

Best ways to buy Litecoin

  • Buy LTC directly from Paypal
  • Buying Litecoins with Cash
  • Buy Litecoin with Crypto Exchanges
  • Buy Litecoin using bank transfer – BitPanda and Coinbase are two of the easiest platforms.

Where to buy Litecoin with USD?

Coinmama offers you with the most straightforward process to purchase & trade Litecoin with USD straight on the platform. Operators from any country across the world can utilize Coinmama to purchase Litecoins with USD. Binance offers the most astonishing way to purchase Litecoin with a debit or credit card.

What are the risks of buying Litecoins?

The worth of Litecoin might fluctuate and dip as low as zero, laying out your assets at the maximum risk compared to Bitcoin.

How much time Litecoin take for confirmation?

Litecoin blocks must be added every 2.30 minutes, which states that you ought to receive one validation in every two-and-a-half minutes.

Can you sell Litecoin?

Yes, Litecoin can be sold through any of the above-mentioned crypto exchanges.

Can you buy partial Litecoins?

Certainly, you can purchase fractional Litecoin, an analogous method of purchasing Bitcoin. This cryptocurrency is too divisible to many decimal places. You can buy 0.11 LTC, 0.001 LTC, etc.

What drives the Litecoin price?

The principal determining factor of Litecoin worth are playing coins, increased adoption, and risk-taking appetite. Litecoin and Bitcoin together have a robust positive correlation of 0.83. LTC charges are extremely hooked on BTC.

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