Where & How To Buy Litecoin Simple 2023 LTC Buying Guide

Store your newly purchased LTC in yourpreferred wallet.There are many custodial and non-custodial wallets to choose from. Purchase Litecoin in more than 150 countries using the local currency of your bank account. The price of Litecoin might go to zero, making your money at the highest risk compared to Bitcoin. You can buy and sell any digital currency and keep track of them in one place. It does 1.2 Bn average daily trading volume with more than 1,400,000 transactions per second. Within a few minutes, your funds will be shown in your account, and you can proceed to buy Litecoin.

They also let you hedge positions during a downswing by NEAR converting to and from Tether. Kraken also offers Bitcoin pairs for Canadian Dollars, British Pounds, and Japanese Yen. So users of these currencies can get into Litecoin by purchasing Bitcoin, and then trade for LTC on the same platform. Skipping the middleman and mining Litecoin yourself takes considerable resources and significant upfront investment.

How do I buy or invest in litecoin?

One of the easiest and cheapest ways to buy LTC is to use the eToro trading platform. Binance and Coinbase are also good options for buying LTC. Coinbase’s fees may depend on your trade size, varying from $1 to $3. However, trades of $200 or more are subject to a percentage-based fee rather than a flat fee. Coinbase transactions are also subject to a spread-based fee of 0.5%.

It was created in October 2011 by former Google engineer, Charles Lee. The main contrast between Litecoin and BTC is that Litecoin has a faster block generation rate, which allows for faster transaction confirmations. You can purchase Litecoin on most leading cryptocurrency exchanges and directly LINK in Litecoin wallets that come with built-in exchange support. Launched in 2014, Coinomi has become one of the most popular multi-asset crypto wallets, enabling users to conveniently manage over 1,770 other digital currencies and tokens securely. To place an order, type in the price you want to buy litecoin. This is your “rate.” As digital currencies are fractional assets, you can purchase less than one unit.

Buying Litecoin on Coinbase

Another core difference is that litecoin’s total supply is 84 million, compared to bitcoin’s 21 million. Enter your email address and choose your password to get started. If you want to receive notifications when the LTC price reaches specified levels, you can use the CEX.IO mobile app. A faster block confirmation means more transactions can be processed within the same timeframe.

• This is an energy intensive process, often perceived as inefficient.
• Litecoin was created as a bitcoin spin-off in October 2011 by Charlie Lee, an ex-Google employee.
• That is why if you consider using the centralized crypto exchange to purchase cryptocurrency, make sure that your country and preferable asset is supported on the crypto exchange.
• Kriptomat customers are able to purchase Litecoin for cash with either a credit or debit card.
• Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.

Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders. If you plan to buy and hold Litecoin for the long term, for example, a wallet with a robust security framework, such as Guarda Wallet, is probably the right option for you.

On Bitfinex, the process is simple and straightforward, with different payment methods and platforms to accommodate your needs. Most of the popular crypto exchanges have built-in digital wallets where you can store your Litecoin and other crypto purchases. Some folks prefer to store their crypto in a separate digital wallet that’s not linked to the internet to help keep their crypto safe from hackers. The money you put into cryptocurrencies is not safe from value fluctuations.

If your deposit is successful, you’ll receive the following message. Litecoin pioneered such technologies as Lightning Network and Segregated Witness that were then adopted in the Bitcoin network. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Currently, Coinmama users can buy Litecoin, Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Qtum, and Cardano.

Payment methods to buy Litecoin

Whether looking to buy a little or a lot of Litecoin, you can start by purchasing LTC foras little as $30. The main difference between Bitcoin and Litecoin are the different cryptographic algorithms that they use. While Bitcoin using the SHA-256 algorithm, on other hand, Litecoin uses a new algorithm called Scrypt. SHA-256 is a more complex algorithm than Scrypt, and it also allows parallel processing.

However, we’ve found the best best site to buy litecoin for a simple, easy process. Here are our top three crypto platforms and exchanges to purchase LTC. If you consider purchasing LTC, make sure to do your own research towards current market conditions and further Litecoin potential. Like many other cryptocurrencies, Litecoin is a volatile asset, so entry points and time of purchase remain important for short and long-term investors. Note the terminology of “trading pairs,” which comes up quite often on crypto exchanges.

Coinomi is our top choice in this category because the wallet is a one-stop shop for crypto investors looking to buy, swap, stake, and exchange crypto all in one place. Available on mobile, desktop, online, and as a browser extension, Guarda Wallet allows users to seamlessly manage their crypto portfolio at home and on the go. Yes, LTC can be instantly bought with a credit card on Changelly. LTC has a seven-year history of solid technology and governance.

• Our entire platform — including the website, mobile app, documentation, and support — are all available in more than 20 different languages.
• We accomplish this by actively listening to our customers — and working to deliver exactly what they want.
• Working with Changelly is a pleasure, thanks to their professional and courteous approach.
• In the CEX.IO mobile app, you can also find the Exchange option.
• Developer Charlie Lee created Litecoin as an alternative to Bitcoin.
• We also reference original research from other reputable publishers where appropriate.

However, their customer support can definitely be improved. On the other hand, it is a super user-friendly platform that offers great customer support and the widest variety of payment methods . In this section, I’ll focus on the easiest exchanges to get started with, that also supply the widest variety of payment methods. Number of cryptocurrency exchanges that sell Litecoin is constantly increasing. Litecoin is an open-source cryptocurrency, which facilitates peer-to-peer transactions. It was launched in 2011, and has since been viewed as a ‘silver to Bitcoins gold’ – meaning that it was not necessarily created to compete with Bitcoin, but rather, complement it.

In the case of https://www.beaxy.com//USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. However, if you want to trade Litecoin with other altcoins, you’ll need to move to another exchange, such as Binance. Look for these things when choosing the best place to buy Litecoin and the best platform to buy Bitcoin. The days of dealing with obscure brokers who require you to give up your details before giving expensive prices are gone when you choose the appropriate cryptocurrency exchange. A cryptocurrency exchange is the most logical place to engage with. Litecoin has been termed the silver to Bitcoin’s gold or the little brother of Bitcoin.

It provides faster and instant payments all over the world. CEX.io offers downloadable reports showing real time balance and transaction history. Users can trade USD for Bitcoins, LiteCoin, Ethereum, and XRP . Binance offers basic and advanced exchange interfaces for trading.

Buy crypto with a debit card, you could discover the platform provides such services to U.S. customers. On Bitfinex, we offer many trading pairs with Litecoin price charts that are always updated. For more info on how to get started, you can go to our how to trade cryptocurrency guide.

One can buy these currencies in exchange for BTC or USD from Bitfinex (with a wire fee of at least $20). Also, one will need to pay a trade fee which varies from 0.1% to 0.8% . To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure. Log into your card’s account and note the amount of those transactions. This bull run and popularity of Litecoin has led to the proliferation of numerous websites/exchanges that allow you to buy Litecoin.

We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Before you invest your money, know the risks of cryptocurrency and keep your investment to a small amount of your net worth. Many exchanges that trade LTC will let you store your crypto. While the major exchanges have insurance against hacking events and such, you might opt to store your Litecoin in one of these offline wallets.

The wallet pays 1% back to you on each purchase or transaction you make in the wallet. Charles believes Litecoin is not out to replace Bitcoin, only to serve as an alternative, the way silver compliments gold. Nowadays, he encourages everyone to participate in the project in any capacity they can. 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.

If you have to get your hands on Litecoin and participate in the digital economy right now, here are five of the best ways to get started. Disclaimer – Information found on our website is not a recommendation or financial advice. Past performance is not an indicator of future performance.