How to buy Litecoin 2024 Buy LTC in 4 steps

Litecoin (LTC) is a cryptocurrency that was designed to provide fast and low-cost transactions without the need for intermediaries. In this section, I’ll focus on the easiest exchanges to get started with, that also supply the widest variety of payment methods. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. If you are buying LTC to speculate on its price in the short term, you might want to buy it on an exchange such as Public or CEX.IO, platforms that custody the asset for you.

Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. On the other hand, it is a super user-friendly platform https://www.bitcoin-mining.biz/ that offers great customer support and the widest variety of payment methods (wire, debit card, Neteller, and more). Credit or debit card payment is one of the effortless ways to buy LTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.

1. If you already own Bitcoin and wish to exchange it for Litecoin, you can do that on a crypto-to-crypto exchange like Binance.
2. If you consider purchasing LTC, make sure to do your own research towards current market conditions and further Litecoin potential.
3. If you’ve already got a personal non-custodial wallet, you can sometimes use it to purchase LTC directly via an in-built exchange integration.
4. Litecoin mining is used in order to update the ledger of Litecoin transactions, Just like Bitcoin Mining.

For example, CEX.IO is a regulated crypto exchange that is available in 99% of countries and provides numerous crypto services such as staking, savings, and loans. CEX.IO supports credit and debit cards for crypto purchases and offers users to pay for crypto using several fiat payment methods. Learn more about payment options supported on CEX.IO on our Limits and Commissions page. Litecoin can be purchased in multiple ways — centralized crypto exchanges (CEXs), decentralized crypto exchanges (DEXs), peer-to-peer (P2P) platforms, ATMs. Each way has its own pros and cons but centralized crypto exchanges established themselves as one of the most popular and convenient options to purchase cryptocurrency. On centralized crypto exchanges, you can buy bitcoin with a credit card or use other fiat payment methods.

How to deposit and withdraw LTC?

Exodus is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. Edge on the other hand is only available on mobile, with both iOS and Android apps available. If you want more information you can read my Exodus review or my Edge review. Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.

As one of the earliest altcoins, Litecoin (LTC)’s reputation as a low-cost payments crypto steered it to an all-time-high price of $410.26 in May 2021. We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one. A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency.

What can I do with Litecoin after I buy it

You should consider whether you can afford to take the high risk of losing your money. Yes, you can purchase LTC and hundreds of other digital assets on Coinbase. If you’ve already got a personal non-custodial wallet, you can sometimes use it to purchase LTC directly via an in-built exchange integration. Crypto exchanges founded and based in the US are required to register https://www.cryptonews.wiki/ with the Financial Crimes Enforcement Network (FinCEN), a division of the US Department of the Treasury. This bureau safeguards the US financial system by working to prevent money laundering, terrorist-financing activity and other financial crimes. You’ll find the spot market under a “Trade” or “Spot” heading on the site or app menu of the platform you’ve chosen to use.

Keep in mind that the brokerage service fees are around 7%, while the trading platform fees start at 0.25% and decrease as your trading volume increases. Coins are sent almost instantly once the buying process is completed. 76% of retail investor accounts lose money when trading CFDs with this provider.

Additionally to the market price, you will also check the price chart, market depth chart, order book, and other useful information to analyze current market conditions. After that, enter the amount in the selected primary currency and confirm the transaction. Your local currency will be converted based on your bank conversion rates and the purchased amount of crypto will appear in your CEX.IO balance. PayPal allows users in some countries to purchase Litecoin directly on its platform, as well as transfer them to a third-party wallet if you’re based in the US. The only other direct option to buy Litecoin with PayPal is through Coinbase, but once again, this is only available to US users.

Related articles about LTC

Once you’ve bought some LTC, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet. Compare today’s price of Litecoin ($84.42 USD) against its all-time high (ATH) price of $410.26 USD on May 10, 2021. The closer the bar is to 100%, the closer LTC is to reaching its ATH again. Be prepared to pay a markup on LTC’s market rate in exchange for the convenience. KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.

Litecoin’s average block time is 2.5 minutes, while Bitcoin has 10 minutes. In addition, Litecoin has a four times bigger max supply compared with Bitcoin cryptocurrency. The company was founded in late 2014 and has since grown to become one of the more popular options to purchase cryptocurrency around Europe. FinCEN-registered exchanges contribute https://www.crypto-trading.info/ to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries. With a convenient iDEAL payment service, you can have your Bitcoins or Ethereum bought in no time! Payments with iDEAL are made using the mobile banking app or your own online banking system.

Step 3 – Withdraw Your Litecoin

For example, you can buy Dogecoin with a credit card in your local currency, making a single transaction via the Instant Buy service. You can add funds to your CEX.IO account using a credit card and then use one of these options to purchase Litecoin. However, the Instant Buy service also has a unique feature that allows users to pay with a credit card and purchase crypto in a single transaction. It makes the Instant Buy service one of the most convenient and fastest ways to buy Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and many other cryptocurrencies. The whole process of purchasing crypto using this service usually takes less than five minutes.

Litecoin mining is used in order to update the ledger of Litecoin transactions, Just like Bitcoin Mining. The company is well-established and has been selling cryptocurrencies since 2012. On the downside, don’t expect anyone from their support to answer if you encounter any issues (they have created a name for themselves in that field).

For that, you first need to select the primary currency for the transaction from the list of supported fiat currencies on CEX.IO. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.

Working with Changelly is a pleasure, thanks to their professional and courteous approach. 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. Select the crypto you’d like to purchase, the fiat currency you want to buy crypto with, and your country of residence. If you want to trade on spot Litecoin markets, you can do it on the Trade page on the CEX.IO website or by selecting the Trade Pro section in the CEX.IO mobile app.

Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market. Open your crypto wallet and welcome your newly purchased cryptocurrency. Litecoin is one of the oldest cryptocurrencies, it has gained significant support from the crypto community, and has one of the highest adoption rates among merchants. Litecoin is usually described as one of the most popular Bitcoin forks ever. Litecoin pioneered such technologies as Lightning Network and Segregated Witness which were then adopted by Bitcoin.

For example, we use cold wallets to keep customers’ holdings while keeping company funds on hot wallets to support constant transactions flow. Find out more about the security of clients’ funds on CEX.IO in our article. For example, CEX.IO mobile app features the Instant Sell service, allowing you to sell bitcoin or any other crypto and withdraw fiat funds to your payment card instantly. This service is useful when you need to switch between fiat currencies and cryptocurrencies even when there is no direct market available for trading. When you use Instant Buy to buy litecoins with your local currency, you select primary fiat currency in the dropdown list next to the list of supported cryptocurrencies. You can use this method not only for purchasing Litecoin instantly with a card issued in your local currency but for purchasing other cryptocurrencies as well.