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. With CEX.IO, you can buy BNB, LTC, BTC, and 100+ other cryptocurrencies using your bank card issued in your local currency. For that, you first need to select the primary currency for the transaction from the list of supported fiat currencies on CEX.IO. There are three supported fiat currencies at the moment — the U.S.
We’re going to demonstrate exactly how the process goes using the eToro platform. Do note that you won’t be holding your private keys by using any of the mentioned platforms to purchase crypto. 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.
Start Buying Litecoin
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others.
- Whether you’re new to cryptocurrency or well-versed in digital currency, there might come a time when you want to add Litecoin (LTC) to your holdings.
- CEX.IO supports credit and debit cards for crypto purchases and offers users to pay for crypto using several fiat payment methods.
- Cryptocurrencies have found major utility as a form of payment, thanks in part to the speed at which funds settle.
If you want to use it for payment, it’s a good idea to consider where you can spend it and why you view it as superior to traditional currency and other cryptos. If you want to trade on spot Litecoin markets, https://topbitcoinnews.org/dating-sites-that-accept-bitcoin/ 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. However, you will easily find all available LTC markets using a search field or filters.
Best Litecoin Exchanges to Buy Litecoin with PayPal
After you buy Litecoin, you can transfer it to anyone across the globe, as long as you know their %name% wallet address. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Once you’ve set up your account, you’ll need to deposit funds to buy Litecoin with. We’ve listed out some popular ways to buy LTC and what you should know about each payment method. To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not USD. Created by Charlie Lee in October 2011, Litecoin was one of the first cryptocurrencies to launch after Bitcoin. The crypto aims to be a global digital payment designed for everyday transactions with its faster speed and lower costs.
Ledger Nano S/X – Hardware wallet
Below are the most popular hardware wallets available to crypto traders and investors today. If you’ve decided on buying Litecoin or any cryptocurrency investments you’ll need a crypto wallet to put it in. Those holding LTC for the long term may prefer to store their coins in a private wallet, as this provides true ownership of your assets and can be more secure. When using your bank account, no further registration or identity verification is required to use this payment method.
For example, you can buy Dogecoin with a credit card in your local currency, making a single transaction via the Instant Buy service. OKX is one of the few cryptocurrency platforms allowing users to buy Litecoin directly with a credit card or bank transfer. Once you have Litecoin in your OKX account, https://cryptominer.services/start-brokerage-with-white-label-software/ you can also choose to earn a regular return on your Litecoin through the OKX earn feature. Coinbase trading fees range between 0% to 0.60% and vary based on trading volume. Alternatively, less experienced users can make simple instant purchases with a variety of payment methods, including PayPal.
Create an account and verify your identity to set up your account. Select Litecoin as the asset you wish to purchase and select the desired payment method to confirm your transaction. Additionally, virtually every cryptocurrency exchange, wallet, and CeFi service support LTC or LTC trading.
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. Start the Litecoin buying process by heading over to the crypto section of the app and choosing a funding method. The available ones include credit/debit cards, bank transfers, and PayPal balances. Once you have bought Litecoin, it can be sent to a crypto wallet or other PayPal users. Another way to buy crypto is through crypto exchanges, which make matches between buyers and sellers.
You simply need to create an account, verify your identity, enter the amount of LTC coins you want to purchase, and input card details. You can purchase litecoin using any of the above platforms mentioned in this guide. If you want to buy litecoin as fast as possible, then eToro is your best choice.
Just type in how much you want to spend in USD and let the exchange work out the rest. KYC is usually approved instantly, but in rare cases, https://bitcoin-mining.biz/how-to-buy-bitcoins-with-a-credit-card/ you may have to wait a few hours or days. If you want to buy Litecoin with US dollars, you’ll need to pass a Know Your Customer (KYC) check.
What factors influence the price of LTC?
Litecoin and Bitcoin have many of the same properties, but Litecoin is often considered more of a payments technology and Bitcoin a store of value. “Top picks” are those we’ve evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a “Promoted Pick”, it’s been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.
While this window seems simple, there are a few things we need to clarify. Note that eToro is a trading platform, but it does allow you actually to purchase the underlying asset. While, in general, eToro doesn’t have trading fees, you will pay a spread, which will cover fees charged by other platforms. If you’re new to crypto, one of the simplest ways to buy digital assets is through cryptocurrency exchanges. Selecting the best place to buy LTC online in the USA largely depends on the preferred payment method and supported services.
Our experts have done the research to pick out the select few top crypto exchanges today. Cryptocurrencies have found major utility as a form of payment, thanks in part to the speed at which funds settle. Crypto transactions, whether international or sent to your next-door neighbor, are typically lightning-fast. So, you’re ready to jump into the world of cryptocurrencies and make a purchase of Litecoin (LTC)! Let us be the first to welcome you to the new global digital economy.