This postbode will demonstrate you the best ways to buy litecoins using many different payment methods. We’ve listed below many different methods followed by exchanges you can use for each different method.
Now that Litecoin has Segwit, it is becoming a very popular buy.
Before you embark, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins an exchange.
Buy Litecoin with Credit Card or Debit Card
Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available te the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to Trio.99% vanaf purchase.
CoinMama permits you to buy bitcoins with credit card from almost any country. Once you get the bitcoins convert them to LTC using Binance.
BitPanda is based ter Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.
Buy Litecoin with Handelsbank Account or Bankgebouw Transfer
Coinbase is the easiest way to buy litecoins with a handelsbank account or transfer.
Coinbase, like is is for credit cards, is available ter the United States, Canada, Europe, UK, Singapore, and Australia.
Americans can use ACH transfer (5-7 days wait), and Europeans can use SEPA transfer (1-3 days wait).
The fees will come out to 1.49% vanaf purchase.
BitPanda is based te Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.
Get a Litecoin Wallet
Before wij stir onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline wallet like the Ledger Nano S or any other wallet that you control.
Buy Litecoin with Specie
There is no good way to buy litecoins with specie. LocalBitcoins is the most popular way to buy bitcoins with specie, and it does not have Litecoin support. Other popular contant to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to very first buy bitcoins with contant then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you very first have to buy bitcoins and then trade the BTC for litecoins.
Buy Litecoin with PayPal
There is no onmiddellijk way to buy litecoins with PayPal. You will very first have to buy bitcoins with PayPal which is also fairly an extensive process. Once you buy the bitcoins you will have to convert them to litecoins using the method below.
It is somewhat unfortunate that this is the best way to buy litecoins with PayPal, but PayPal bans its users from using PayPal for cryptocurrency exchanges.
Buy Litecoin with Bitcoin
If you already have bitcoins then it is VERY elementary to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.
Binance is now one of the largest if not the largest cryptocurrency exchange te the world. You can use the LTC/BTC
Changelly is most likely the fastest way to convert BTC to Litecoin. You just inject the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.
Buy Litecoin with Skrill
BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included te your buy price.
Buy Litecoin with Ethereum
Ethereum has experienced a massive price rise. Almost a year ago it wasgoed $Two, and now at overheen $200, many want to budge some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially te China.
So this guide is going to showcase you how to buy litecoins with Ethereum. Wij will showcase some of the best exchanges you can use, and the pros and cons of using different types of exchanges overheen the other.
Binance is now one of the largest if not the largest cryptocurrency exchange te the world.
Changelly is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Changelly you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Changelly you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent. Changelly will then tell you the amount of ETH to send them, and within 30 minutes you will have LTC delivered to your wallet.
Albeit wij explain how to do this with ETH here, you can convert any other altcoin into Litecoin using this method at Changelly.
Poloniex is the world’s largest altcoin exchange. However, there is a big downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to very first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make numerous trades and also pay fees twice.
Shapeshift is basically the same spil Changelly, and wasgoed actually the very first company to come up with the concept of an exchange that does not hold your own funds.
Frequently Asked Questions
Wij will aim to response many of the most common questions relating to buying Litecoin with Ethereum.
Why are there limited options?
The kwestie ter all crypto markets is liquidity. Spil the space gets fatter, the liquidity also gets better. But spil of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins inbetween each other is often stiffer than if BTC wasgoed involved on one side of the trade.
Buy Litecoin Online
Most of the options listed above will permit you to buy litecoins online. You can obviously do this using Bitcoin, Skrill, credit card, or your handelsbank account. Contant is indeed the only method where you can’t buy online.
Frequently Asked Questions
What are the risks of buying litecoins?
The price of litecoin could always go to zero. Leaving your money on an exchange is another risk you should not take.
Why can litecoin take so long to buy?
Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how swift it is to buy!
Bankgebouw transfer ter the USA, for example, take about Five days to accomplish. So any purchase of Litecoin made with a US bankgebouw transfer will take a ondergrens of Five days.
Can you sell litecoin?
Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same ter most cases.
Can you buy partial litecoins?
Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.
Can anyone buy litecoins?
Anyone is free to buy litecoins, spil long spil you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid ter litecoin, too.
Is it better to mine or buy litecoins?
If you have cheap tens unit, it might be worth it to mine litecoins. If you have solar power or just want to mine for joy then it could be worth it. Otherwise, it’s most likely better just to buy.
Mining is permanently switching and petite switches ter Litecoin price or tens unit can greatly affect your profitability.
Which payment method is best to use?
For speed, credit card will likely be fastest. For larger amounts, handelsbank transfer is best. For privacy, it’s best to buy bitcoins with specie and then trade for litecoins using Changelly or Shapeshift.
What should I do with my litecoins once I buy?
You should instantly stir your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have bot uncountable hacks te cryptocurrency since Bitcoin wasgoed created te 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not risk of losing money to a hack or scam.
Spil Litecoin proceeds to grow, it will likely become lighter to buy. We’ll proceed to monitor and update this pagina accordingly.