How To Buy Litecoin LTC in 4 Easy Steps

You should be aware that you may lose a significant portion of your portfolio. Controversy surrounding Litecoin typically revolves around it utilizing a proof-of-work model. This is an energy intensive process, often perceived as inefficient. Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review.

U.S. customers have access to dozens of best exchange to buy litecoincurrencies, including Litecoin, and can purchase crypto with U.S. In addition to trading, U.S. customers could benefit from the CEX.IO Staking service that allows users to earn staking rewards just by holding crypto on the balance. Even if you manage to buy LTC with cash from your friend, you still need a wallet to store Litecoin and other crypto assets.

Buy Litecoin with a Bank Transfer (SEPA)

Additionally, unless you https://www.beaxy.com/ at higher volumes, you will end up paying trading fees of up to 0.075%. While Coinbase can be a good exchange for both new and advanced crypto investors, trading fees can be relatively high, ranging from 0% to 0.60% depending on trade volume. In addition, Coinbase’s user feedback is relatively poor. For instance, several Trustpilot users mention problems with customer support. They typically cover local payment methods such as ACH bank transfers and support transactions in US dollars .

If you are buying LTC to hold it for the long term, consider buying it on an exchange and transferring itto a hardware wallet to keep the private keys safely offline. If you’ve already got apersonal non-custodial wallet, you can sometimes use it to purchase LTC directly via an in-built exchange integration. Remember that owning and using Litecoin is not without its risks. Carefully consider investing in LTC as part of a wider strategy, and talk to a financial advisor if you have any questions.

Can I buy LTC with only a bank card?

Binance says it provides high levels of security and a multi-tiered, multi-clustered architecture. The exchange claims to process approximately 1.4 million orders per second. If you select the “trade” option, you can buy the crypto instantly. Or, you can place an order to buy LTC for a specific price. Finance page on the CEX.IO website and click “Deposit” next to your LTC balance. From there your Litecoin wallet address on CEX.IO appear and you can deposit LTC to this address.

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. A crypto exchange is one of the best places to buy cryptocurrency.

When using Changelly, you can exchange digital assets at either fixed or floating rates. It’s no secret that learning how to use a crypto wallet takes some time and effort. Spend some time learning how Litecoin wallets work before transferring any of your funds.

Finder’sbest exchange to buy litecoin exchange reviews include user feedback, which helps you get a better idea of what the exchange is like to use for other people starting out just like you. Check the fine print to find out exactly how much your transaction will cost. Depending on the platform you choose, these could include spreads, trading fees and deposit and withdrawal charges. Some platforms only offer 1 way to buy Litecoin, while others provide several choices. The 2 most common ways to buy LTC are on the spot market or with an “instant buy” feature. Credit card fees are higher than using bank transfers.

Accept and allow Coinbase to make two small transactions (between 1.01 and 1.99 in your currency). And of course, most of us know that Bitcoin is leading this charge, but altcoins are not far behind. Once you are on that asset’s specific page, you may choose to close your trade (click “close”) or create a new trade/order. Here’s where you can enter the exact unit of crypto you want to buy, in this case, litecoin.

A cryptocurrency exchange is an online marketplace where users buy, sell, and trade cryptocurrency. Crypto exchanges work similar to online brokerages, as users can deposit fiat currency (such as U.S. dollars) and use those funds to purchase cryptocurrency. Users can also trade their cryptocurrency for other cryptocurrencies, and some exchanges allow users to earn interest on assets held within the exchange account. We support over 500 cryptocurrencies that are available for instant crypto exchange and purchase at the best execution prices.

Owning your own money can be liberating, but it also means the responsibility is all yours. If you lose your private key, the only way to regain access to your wallet is through the seed phrase. Make sure to store both of these privately and securely.

This well-established Australian broker offers excellent educational content to teach you how to trade and invest safely. Most importantly, Eightcap offers an advanced trading interface to fulfill the diverse requirements of traders while trading digital asset like Litecoin. However, although Eightcap has amazing tools for buying LTC, the platform’s fee rates are considerably higher than previously mentioned options.

Given this background, let us look at how you can buy Litecoin. Litecoin is a high ADA availability – high liquidity coin. It is available on almost every exchange that Bitcoin is traded on.

Binance is one of the best Litecoin exchanges that allows you to trade more than 150 cryptocurrencies. It also provides an API that helps you to integrate your current trading application. Step 3) Then you will be asked if you want to add a bank statement or a debit/credit card.

A normal process starts with creating an account on a crypto platform that supports LTC DOGE trading and then depositing funds into your account. As soon as the funds have been transferred into your account, you can then place an order to buy litecoin with debit card instantly. In addition, each crypto exchange has its own set of supported digital assets, fiat currencies, and payment options. Most centralized exchanges allow you to deposit funds via your bank account, credit card, or debit card to purchase cryptocurrency. You can then exchange those funds for the cryptocurrency of your choosing. While some offer only simple market orders, other exchanges will allow you to set more advanced order types, including limit and stop orders.

• Like Bitcoin, Litecoin cryptocurrency is predominantly used as a means of payment to conduct international transactions.
• Litecoin was created as a bitcoin spin-off in October 2011 by Charlie Lee, an ex-Google employee.
• Once funds are transferred to your account you can begin to trade Litecoin immediately along with other cryptocurrencies.
• For instance, you can buy and sell Litecoin on a cryptocurrency exchange such as Swyftx.
• Litecoin pioneered such technologies as Lightning Network and Segregated Witness that were then adopted in the Bitcoin network.
• As one of the earliest altcoins, Litecoin ‘s reputation as a low-cost payments crypto steered it to an all-time-high price of $410.26 in May 2021.

The entire princess of buying litecoin should only take a few minutes. Coinbase offers an intuitive and user-friendly interface on the web or as a mobile app, as well as an advanced trade interface. In this case, Coinbase will allow you to withdraw your crypto to a non-custodial litecoin wallet by inputting your crypto wallet address. EToro offers the most seamless platform with which to buy litecoin.