You’ll likely get a feel for the user-friendliness of the exchange as soon as you browse the platform. Save my name, email, and website in this browser for the next time I comment. Then the best next step for me was using Binance exchange. For example, if the trading fee is 1% and you buy $500 worth of Litecoin, you’ll pay a trading fee of $5. As such, Lee performed a fork of the Bitcoin blockchain – meaning that it utilized the same underlying code, but with some key changes along the way. On the other hand, many would argue that this represents a good buying opportunity. As such, unless a hacker had access to both your mobile phone and desktop device concurrently, your funds should be safe. On the flip side, shrewd investors will look at the current value of Litecoin and note that it is now worth just a fraction of its previous all-time high. Although policymakers around the world are looking to clamp down on unregulated cryptocurrency exchanges, much of the industry still operates without a license. While you may appreciate the opportunity to exchange Litecoin anonymously, keep in mind that the same goes for the sellers you're potentially buying Litecoin from. 6. Check here for the most up to date cryptocurrency prices. For convenience, let’s take a look at the easiest ways: If you already have Bitcoin or any other cryptocurrency, you can easily trade them for Litecoin. After your initial registration, you'll have to verify your identity. Join us via email and social channels to get the latest updates straight to your inbox. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Once you’re done buying litecoin, you should look for a way to secure it. I set up a Coinbase account and linked my bank account info to it so I could purchase a few Litecoin. Thank you and Happy Holidays. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Coins are sent almost instantly once the buying process is completed. Litecoin is like Bitcoin’s Gold to silver. By using our site, you agree to our. Easily purchase Litecoin (LTC) with your credit/debit card, $50-$20,000. Average block time of 2.5 mins, as opposed to Bitcoin’s 10 mins. And of course, most of us know that Bitcoin is leading this charge, but altcoins are not far behind. This image may not be used by other entities without the express written consent of wikiHow, Inc.
\u00a9 2020 wikiHow, Inc. All rights reserved. Once you decide on an exchange, open an account and buy the Litecoins. One can buy these currencies (including LTC) in exchange for BTC or USD from Bitfinex (with a wire fee of at least $20). Today, Litecoin ranks among the top 5 cryptocurrencies with a market capitalization of nearly $5 billion and a price of near $70. Notably, while Bitcoin transactions take 10 minutes to confirm, Litecoin takes just 2.5 minutes. In this guide I will review the various ways you can buy Litecoin online and offline and also how to store it. Kraken accounts take some time to get verified. I used coinbase app which was simple minus the initial wait of the deposit to hit the account. Note: Though the guide shows how to buy Ripple in exchange for BTC, the process is exactly the same for buying Litecoin. The process varies among exchanges, but typically involves scanning and submitting a digital copy of a government-issued photo ID. If you’re looking only for price speculation and not to actually own the coins you can invest through eToro. This image may not be used by other entities without the express written consent of wikiHow, Inc.
\u00a9 2020 wikiHow, Inc. All rights reserved. This image may not be used by other entities without the express written consent of wikiHow, Inc.
\u00a9 2020 wikiHow, Inc. All rights reserved. Apart from Bitcoin, they also provide trading of Litecoin (LTC), Ethereum (ETH), Monero (XMR), Dash (DASH), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), and EOS (EOS). Cryptex24 is a platform that accepts PayPal transfers for buying crypto. Bank account transfers are much cheaper, although the process is somewhat slow. If they do, and the exchange doesn’t cover the theft (which they don’t always do), your coins will be lost forever. If you have more queries regarding payment methods and fees, visit here and here. If you already own Bitcoins and wish to exchange them for Litecoin, you can do that on a crypto to crypto exchange like Binance. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. I noticed that Coinbase has a strike through it. CFDs are not offered to US users. Price: Much like in the case of market capitalization, the price of a single Bitcoin is worth much more than Litecoin. As such, make sure that your chosen Litecoin exchange allows you to withdraw your coins out. Exodus works only on desktops, while Edge is for mobile.
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