How to Buy Litecoin LTC

Verify your identity with our providers to buy crypto without any hurdles. This will help to make sure no one but you uses or changes your payment information. If you are looking for exchanges to buy Litecoin from, we also recommend this great list from Invezz with reviews of each platform. It was a fork of Bitcoin’s code with some important modifications.

This will almost always come with an exchange fee attached. As you know by now, you buy Litecoin with the anticipation of timing the market. Then, later on, selling your crypto-asset for more than you bought it for – thus making gains. We have heard of online brokers taking as long as a week to get a client’s account up and running. It’s not easy to make a profit when trading any asset, especially in such a volatile market. After all, to be successful you need to make good decisions, whilst simultaneously keeping your budget in check.

• Therefore, it is recommended that advanced users rely on the trading feature to buy Litecoin to save fees on their trade.
• The main attraction for people who hold and lend Litecoin (LTC), for example, is that they get rewarded with excellent APY and APR interest rate returns.
• On the other hand, it is a super user-friendly platform that offers great customer support and the widest variety of payment methods (wire, debit card, Neteller, and more).
• Hence you can buy Litecoin from a number of different places which are all listed on this page.
• While cryptocurrency has slightly recovered since 2023, a recent bearish trend in the broader crypto market led to the price drop below 100$.

You can use a number of exchanges like eTORO, Cex.io or Coinbase. Given this background, let us look at how you can buy Litecoin. It is available on almost every exchange that Bitcoin is traded on. Bitcoin’s total supply is capped at 21 million whereas Litecoin’s maximum supply is 84 million.

You can access them online and the sign up process is exactly the same. Trust Wallet, the official wallet of the Binance exchange, is a popular option for novice and experienced users. Litecoin, also known as “the silver to Bitcoin’s gold”, is a unique cryptocurrency created by Charlie Lee in October 2011. It emerged shortly after Bitcoin and has gained popularity among both newcomers and seasoned users of digital currencies. If you’re considering adding Litecoin (LTC) to your portfolio, this guide will show you how to buy Litecoin (LTC) with a credit or debit card. All-round crowd-pleaser eToro is compatible with multiple speedy payment methods that allow you to buy Litecoin instantly.

Unlike StormGain, credit cards cannot be used for purchasing Litecoin on Coinbase.com. You can instantly buy or sell digital currency by paying using a debit card, credit card, cryptocurrency brokers: reviews and articles or bank account transfer. The exchange also offers leveraged trading and access to crypto futures, thereby allowing traders to buy cryptos bigger than their wallet balances.

Step 1 – Get a Litecoin wallet

Great – but there are a few things you need to consider first. The buy and hold strategy has a pretty self-explanatory name and can be undertaken by anyone, regardless of skills and previous experience. You don’t have to spend lots of time watching and analysing the market to make a profit with this strategy, and can read our Litecoin forecast.

• This is great for traders who want to liquidate their position when making a profit.
• There are different ways of investing in Litecoin, depending on your goals and preferences.
• Binance is the most trusted cryptocurrency exchange in the industry and the best place to buy Litecoin.
• Whilst this might sound appealing, we should mention that these crypto exchanges are often unregulated – therefore you are heightening your risks.

If you already own cryptocurrencies like Bitcoin or Ether, or stablecoins like Tether, you can start buying Litecoins on Binance with those. Litecoin has consistently been one of the top 10 cryptocurrencies by market capitalization. To make an instant purchase, you will need to open an account with a regulated broker.

Litecoin eyes the $70 mark as Chancer’s stage two presale nears $2m

The cryptocurrency can be bought for either the long term or the short term and we shall explore what each option has to offer below. With Changelly’s stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support. Integrating Changelly services into Trezor Wallet’s exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach. We are here to help you 24/7 with any challenges that you might face using our services. You can buy Litecoin with a credit card on eToro, Coinbase or Paxful.

Litecoin Price Prediction 2023

Similarly to most exchanges, crypto ATMs ask for identification for you to buy Litecoin or any crypto. So if you were thinking to use cash to avoid KYC then using an ATM is not the solution. In that case you will need to use an exchange that does not have any KYC. On average they usually charge an 8.4% fee, but it could be as much at 25%.

Buying Litecoin on Etoro

The online broker supports various currencies, such as cryptocurrencies, indices, CFDs, options, bonds, etc. Capital.com also ensures they cater to beginner traders by offering a wide array of educational materials on their website. They also provide articles, glossaries, and courses that help get you up to speed in the markets. They also offer a demo account you can use before trading for real, which provides a risk-free way of gaining exposure to the trading platform. As Litecoin becomes more and more popular, the number of cryptocurrency exchanges that sell Litecoin is constantly increasing. The best option for storing any cryptocurrency would be to use a hardware wallet.

Compare Litecoin Exchanges

This means you can buy and sell Litecoin every day, always. 74% of retail investor accounts lose money when trading CFDs with this provider…. The value of digital currencies can go up or down frequently…. Libertex has an easy-to-use mobile app and desktop trading interface that provides users with flexibility and a seamless trading experience. 71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. When your purchase is complete, you might own full Litecoins or partial coins.

These products store your private keys, similar to passwords, that allow you to spend or move your assets around. If you only want to store Litecoin, and not multiple cryptocurrencies, a Litecoin-specific wallet could be a good fit. When buying Litecoin, you’ll often have the option of paying in cash or cryptocurrency (though some platforms will only accept cash).