His work has also https://www.beaxy.com/eared on MSN Money, USA Today, and Yahoo! Finance. Once you’ve picked a place to buy Litecoin, it’s time to create an account. The process varies by exchange, but there’s usually a button that says “Get started” or “Register” on the home page. To see options that check all these boxes, review the best cryptocurrency apps and exchanges.
You want to look for a platform that operates in a safe and regulated environment with an experienced team. You also want the platform of your choice to support fiat currencies as well as cryptocurrencies. Coinbase offers an intuitive and user-friendly interface on the web or as a mobile app, as well as an advanced trade interface. Suppose you want to buy and hold litecoin long-term.
Why should I try the CEX.IO mobile app to buy LTC?
With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio. Note the terminology of “trading pairs,” which comes up quite often on crypto exchanges. In the case of LTC/USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. Whether you’re new to cryptocurrency or well-versed in digital currency, there might come a time when you want to add Litecoin to your holdings. Litecoin is often called “the silver to Bitcoin’s gold,” although it’s a completely separate cryptocurrency. You can easily buy Litecoin with the lowest fees and highest security anywhere Binance is available.
Is connected to the internet and can be accessed anywhere. This is a useful feature, but it may also mean your assets are more exposed to hackers or thieves. This is a complex process with substantial barriers to entry. To maintain this standard and to continue creating awesome content, our partners might reward us with a commission for placements in our articles. However, these commissions don’t affect our processes for creating unbiased, honest and helpful content. USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework.
Best Crypto Exchanges and Apps
As we have demonstrated above, eToro allows you to buy LTC in just a few simple steps using only your bank card. 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. Etoro also allows you to choose to display the amount in either fiat currency or in units. Search for the coin by typing in “litecoin” or “ltc” in the search bar.
You may also explore the entire range of assets offered by eToro via the platform’s “discover” page. Here, you’ll find a number of different asset categories, including crypto, commodities, indices, stocks, forex, ETFs, and NFTs . Our hardware wallets are compatible with more than 1800 different assets, including Litecoin. All you need to do is deposit AUD to your account on Cointree and you can instantly convert your dollars to Litecoin.
In this case, Coinbase will allow you to withdraw your BTC crypto to a non-custodial litecoin wallet by inputting your crypto wallet address. 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.
How to Buy Litecoin (LTC)  Step-by-Step https://t.co/vPcEM3TYid
— Promo Deals Shop (@FrankVerspeet) July 21, 2022
You can buy on many popular crypto exchanges. One of the easiest and cheapest ways to buy LTC is to use the eToro trading platform. You can purchase litecoin on eToro in a few easy steps. Binance and Coinbase are also good options for buying LTC.
Buy Litecoin securely
Several important updates to Bitcoin and the Bitcoin ecosystem appeared on Litecoin first. These include Segwit, which optimizes block data, and the Lightning Network, a transaction protocol that delivers near-instant payments. Choose an investment amount and place a market order or limit order at a specific price to buy LTC on the exchange you chose. We show you exactly what you will pay, inclusive of all fees, to purchase crypto from each company.
They make money largely through fees on the transactions carried out on their platforms. Many sell Litecoin either for cash or in trade for other digital assets. 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%. When purchasing litecoin on Coinbase using your debit or credit card, the platform will charge a 4% fee.
Step 1 – Get a Litecoin wallet
Bank transfers tend to be the best option, because paying by debit or credit card can result in additional fees. Sell bitcoin or any other crypto and withdraw fiat funds to your payment card instantly. In the CEX.IO mobile app, you can also find the Exchange option.
- Litecoin is a peer-to-peer cryptocurrency that allows almost free payments anywhere on earth.
- Disclaimer – Information found on our website is not a recommendation or financial advice.
- To see options that check all these boxes, review the best cryptocurrency apps and exchanges.
- But, unfortunately, in some cases, it’s so easy that you can make a costly mistake if you’re not careful.
After 1 minute, your order will be recalculated how to buy ltc on the current market price. Needs to review the security of your connection before proceeding. Use the price calculator below to enter the amount of AUD you want to buy in Litecoin. We answer everything you need to know before making your first Litecoin purchase. Dubbed ‘the silver to Bitcoins gold’ — LTC does however have more coins in circulation, shorter verification period and a different hashing algorithm. The current price of Litecoin multiplied by its current circulating supply.
Litecoin has many similarities with Bitcoin since it is also one of the first Bitcoin forks. Like Bitcoin, Litecoin cryptocurrency is predominantly used as a means of payment to conduct international transactions. However, Litecoin differs from Bitcoin in several major aspects. For example, Litecoin uses another hashing algorithm for mining to reduce the effectiveness of specialized mining equipment. Litecoin’s average block time is 2.5 minutes, while Bitcoin has 10 minutes.
The finest custody solutions in the blockchain space, provided by SOC 2 Type 2 certified Bakkt, Ledger Vault, and other partners. To get instant rewards, make sure at least 1% of your Portfolio Balance consists of NEXO Tokens. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. As LTC is infinitely divisible, it is possible to purchase just a fraction of the currency. Nexo allows GMT you to buy as little as $10 worth of LTC.
How much does it cost to buy Litecoin?
Litecoin's price today is US$96.50, with a 24-hour trading volume of $385.76 M. LTC is +0.30% in the last 24 hours. It is currently -2.27% from its 7-day all-time high of $98.75, and 6.75% from its 7-day all-time low of $90.40. LTC has a circulating supply of 72.38 M LTC and a max supply of 84 M LTC.
The easiest way to buy litecoin is to create an account on eToro. After you complete the KYC process, you can easily select the digital asset to buy, and all you have to do is input your card details to complete the purchase. The entire princess of buying litecoin should only take a few minutes.
Is it safe to buy Litecoin?
Because Litecoin is on the internet, they are even easier to steal and much harder to return and trace. Litecoin itself is secure, but Litecoin are only as secure as the wallet storing them.
Like in any other investment, securing your Litecoin must be a priority. Your Litecoin are as secure as the wallet storing them. Ledger hardware wallets combined with Ledger live have been designed to help you secure your Litecoin and other cryptocurrencies.
Discover Ledger Nano →