How to Buy Litecoin in the UK Top LTC Exchanges & Brokers

It also features a variety of safety measures and a knowledge base for users. Litecoin (LTC) is a cryptocurrency known for its fast and low-cost how to buy litecoin transactions, eliminating the need for intermediaries. It was one of the early altcoins in the crypto market, launching in October 2011.

• Stay informed about happenings and events pertaining to blockchain, Bitcoin, decentralised finance and fintech.
• You can buy Litecoin directly through other payment apps such as Venmo and PayPal or Litecoin-specific wallets, such as Litewallet, a mobile app available through Google Play.
• The Bitcoin network will only ever mine 21 million coins, and this event is expected to occur in 2140.
• Do not give out your private details to anyone; only trade with regulated brokers.
• Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR.
• Litecoin has performed well during each bull run, always reaching a new all-time high.

It is better to know them before starting your crypto journey with Litecoin. To receive Litecoin, tap the “Receive” or “Receive LTC” button inside the app. You might have a Litecoin address, a QR code, and an option to share these statistics. It aims to allow personal transactions and enhance the privacy of Litecoin transactions, making it extra challenging to trace sender, receiver, and transaction quantities.

What should I know before I buy LTC coins?

With the MT4 or MT5 account on AvaTrade, you can buy and sell currency pairs without paying a commission. When transactions occur on the Litecoin network, funds are transferred from one wallet to another. This takes about two and a half minutes to validate the transaction – not minding where both transacting parties https://www.tokenexus.com/ are. When the pseudonymous Satoshi Nakamoto introduced the premier digital asset in a whitepaper, digital currencies were still a fantasy. The most common way to buy crypto is through an exchange, such as Coinbase or Gemini. Several investing and payment apps also sell crypto, including Cash App, PayPal, and Venmo.

These can be expensive and more difficult to use, and they offer fewer options for restoring your account if you lose the device on which you stored them. 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. U.S. customers have access to dozens of cryptocurrencies, including Litecoin, and can purchase crypto with U.S. Since Litecoin isn’t as popular a payment method as Bitcoin is, it’s hard to find a credible way to buy it without any verification. The best way to buy Litecoin anonymously would be to buy Bitcoins anonymously and then trade those Bitcoins for Litecoins on Binance or Changelly with a disposable email.

Litecoin Core

This is a useful feature, but it may also mean your assets are more exposed to hackers or thieves. Usually, all you have to do is look up the asset you’d like to purchase, type in the amount you want and confirm your transaction. For depositing LTC, go to the Finance page on the CEX.IO website and click “Deposit” next to your LTC balance.

For more advice on calculating your taxes, check out our Crypto Tax UK Guide. The HMRC taxes Litecoin profits in the UK, but the type of crypto activities you engage in will determine whether you owe any tax and what kind. For example, if you simply buy Litecoin and hold onto it, you won’t owe any tax. Litecoin’s price is known to change rapidly and swing wide i.e. change quickly and by a considerable amount.

CryptoRocket – Newbie Crypto Trading and Exchange Platform

After registering an account, which only takes a few seconds, you can buy crypto with a credit card/debit card. 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. Based in the United Kingdom, CEX.io is one of the oldest cryptocurrency exchanges. The platform launched in 2013 and offers access to a wide range of cryptocurrencies and fiat deposit methods.

• Several investing and payment apps also sell crypto, including Cash App, PayPal, and Venmo.
• At the time of writing, Binance does not require a KYC process if you’re only going to trade cryptocurrencies and not exchange them for fiat currencies.
• Click the [To] field to open a menu of options of the different assets supported by Uphold, including precious metals, cryptocurrencies, and stocks.
• Choose either Bank Deposit or Debit card by clicking on the corresponding [+] symbols next to each option.
• You can also opt for a bank wire deposit in Euro for a fee of €10 or a bank wire deposit in USD for a fee of $10.

Crypto can be used as a long-term store of value, especially those with a finite maximum supply, like Litecoin. Because supply is capped, the value of coins could grow over time as demand increases. This makes digital currency a possible long-term alternative to gold. Once your account has been verified, click on Deposit Funds on the left pane of your dashboard. You can deposit GBP directly using cards, bank transfer, Neteller, Skrill, Rapid Transfer, or Trustly. You will need to deposit at least £50 by bank transfer to get started, and after that, there will be fees of 0.6% when you buy or sell LTC in the Trade tab.

Popular Guides

Most cryptocurrency exchanges and platforms charge fees for buying and selling Litecoin as part of their services. However, you can compare different exchanges to find platforms with lower fees or promotional offers to reduce costs. Once you decide on an app or exchange for buying Litecoin, you’ll have to determine how to fund your purchase. If you’re using a payment or Litecoin-specific app, you can fund your account by linking a bank account or debit card. Some exchanges accept your payment method of choice, whether it is a debit or credit card or a bank transfer. Those who wish to pay in cash also have options available, such as peer-to-peer exchanges.

• Investing in Litecoin may be the best strategy if you are just starting and know how the financial markets work.
• This makes it less scarce, but more suitable for daily transactions.
• Below you can explore which exchanges host LTC and the fees you’ll pay.
• The top platform to buy LTC in the United Kingdom is Coinbase, owing to its straightforward buying process.
• It has gained recognition and acceptance across different industries, positioning itself as one of the prominent cryptocurrencies in the market.
• While some major exchanges have insurance against hacking events and such, an investor might opt to store their Litecoin in one of these offline wallets.