Cryptocurrencies are on the rise and leading the way is Bitcoin.
But there are several other cryptocurrencies that are getting traction from the market.
Of course, there are many scam currencies too, but at TheMoneyMongers we don’t list a coin untill we are satisfied with its real background.
That’s why one such cryptocurrency that fits our criteria is Litecoin.
Many must have heard about Litecoin before, and I guess you are one of them who has now made up his mind to invest in Litecoin.
In our opinion too Litecoin is going to stay here and that’s why we have listed it in our exclusive guide, i.e., ‘Which Cryptocurrencies Will Survive In Next 5 Years’ [Quick Opinion]
Anyways, if you are not aware of Litecoin, let me introduce you to it:
Litecoin is a decentralized and open source digital currency like Bitcoin but with some feature updates. Litecoin is also considered as Silver to Bitcoin’s Gold and has so far served as a real-time testbed for Bitcoin.
Regarding price also Litecoin has produced high returns for its investors.
Just to put it in perspective, if you had invested $100 in Litecoin in February 2017 then by now, you would have gained 10x on your initial investment.
That’s we thought it is essential for us to tell you, how you can invest in Litecoin? And what are the avenues available for a crypto investor like you?
So let’s get dive in:
How To Buy Litecoin (LTC)?
There are numerous ways to buy Litecoin because it is one of the pioneering cryptocurrency that has completed almost eight years in the market.
And you know that one year in crypto is equivalent to 10 years and by that standard Litecoin is quite old. That’s why it has garnered attention from many investors as well as cryptocurrency exchanges.
But still, many investors remained uninformed about all the avenues through which they can purchase Litecoin. So here are all the popular options that will answer questions like, ‘How to buy Litecoin cryptocurrency?’:
- Buy Litecoin (LTC) with credit/debit card
- Buy Litecoin (LTC) with Bitcoin or Ethereum using Changelly
- Buy Litecoin (LTC) with bank deposits or wire transfer
- Buy Litecoin (LTC) peer-to-peer with Cash
- Buy Litecoin (LTC) from Litecoin exchanges with other cryptocurrencies
Now that you know all the ‘how to’ ways, you just need to know all the ‘where to’ options to buy Litecoin. So let’s see those options.
Where To Buy Litecoin (LTC)?
Based on the option listed above you have many services catering to different investors and popular ones are listed below in each category:
#1. Buy Litecoin (LTC) with credit/debit card
The easiest way to buy cryptocurrencies is using credit/debit cards, but not all cryptocurrencies can be purchase for credit cards.
But you can buy Litecoin now with a credit card directly without going through the hassle of going through centralized exchanges.
So if you have a Visa/Mastercard credit or debit card then you can choose from the below-listed services to get hold of your LTC cryptocurrency:
But before using these services, you must complete your KYC as well as card verification with them, but don’t worry because that’s an easy DIY exercise.
#2. Buy Litecoin (LTC) with Bitcoin or Ethereum using Changelly
Another easy way to get your Litecoins is to acquire it from Changelly. Changelly is an instant cryptocurrency swapping service operating in this space from quite sometime.
So, if you are already holding any cryptocurrency or want to exchange your BTC/ETH for LTC, you can very well do it through Changelly.
The fee is quite low on Changelly as it only takes 0.5% of your transaction.
To be able to do this through Changelly, you will need this:
- First, get your Litecoin address ready where you would like to receive your Litecoin.
- Second, you should have some bitcoins/altcoins to exchange for Litecoin.
So what are you waiting for?
Head on to Changelly and select one of their recommended ways to exchange BTC/ETH for LTC and you should be doing just fine.
Note: Sometimes the exchange can take time, but you need not worry as your transaction history is always available for audit once you have registered on Changelly.
#3. Buy Litecoin (LTC) with bank deposits or wire transfer
Purchasing Litecoin directly with a bank deposit is quite easy, given the fact Litecoin has existed in the market since 2011.
That’s why many investors have been able to buy Litecoin directly using their fiat currencies like USD, EUR, GBP, etc. through various services that support Litecoin.
Through these services, you can fund your fiat linked crypto accounts and later deposit fiat into it to exchange it for Litecoin cryptocurrency.
Here are some of the services that help you just do that:
- Coinbase: Supported pairs are, LTC/USD, LTC/EUR/ LTC/GBP
- Exmo: Supported pairs are, LTC/USD, LTC/RUB
- BitBay: Supported pairs are, LTC/USD, LTC/PLN
- CEX.io: Supported pairs are, LTC/USD
- Bittrex: Supported pairs are, LTC/USD
But keep one thing in mind, you need to go through a proper KYC check before you can get started on the above-listed exchanges because here you will deal in fiat and fiat currency laws require you to adhere to KYC regulations.
I also understand that a lot many fiat currencies are not covered here, but I intend to soon update this list with new fiat pairs once I am done testing few Litecoin exchanges that are in the pipeline.
#4. Buy Litecoin (LTC) from Litecoin exchanges with other cryptocurrencies
If you are someone who don’t want to reveal his identity and isn’t interested in KYC check should look at crypto-to-crypto exchanges for purchasing Litecoin.
If you are someone who likes order books and already have BTC/ETH or other currencies then you can trade them for Litecoin, it’s easy.
You can register yourself on one of these Litecoin exchanges and trade your cryptocurrencies for LTC by bidding on their order books.
Here are some of the established cryptocurrency exchanges that you can use for this:
- Binance: Supported pairs are LTC/BTC, LTC/ETH, LTC/USDT, LTC/USDC
- Huobi: Supported pairs are LTC/BTC, LTC/HT, LTC/USDT,
- Gate.io: Supported pairs are LTC/BTC, LTC/USDT,
- KuCoin: Supported pairs are LTC/BTC, LTC/ETH, LTC/USDT,
- CEX.io: Supported pairs are LTC/BTC
#5. Buy Litecoin (LTC) peer-to-peer with Cash
Want to buy Litecoin for cash, the first thing that should come to anyone’s mind is Litecoin ATMs.
Litecoin ATM is the best way to get Litecoin for cash but not all cryptocurrencies have ATMs, but luckily, Litecoin has.
- Coin ATM Radar: CoinATMRadar keeps track of cryptocurrency ATMs all around the world and when you check-out for Litecoin ATMs you will find quite a few across the globe. So check out CoinATMRadar to see if there is any crypto ATM supporting Litecoin in your vicinity.
I know some of you would think to trade Litecoin locally in your community for cash, and of course, there is no stopping you, but you need to beware of scammers because, in the absence of an escrowed service like LocalBitcoins, anyone can scam you.
But if you trust the trader then go ahead and trade Litecoin for cash.
Conclusion: Best Litecoin (LTC) Exchanges For Litecoin (LTC) Trading
So these are some of the best services and LTC exchanges that will let you trade Litecoin for various fiat currencies and cryptocurrencies.
But I know some of you want to buy litecoin with a credit card with no verification and sadly this is not possible now because you need to complete your KYC before being able to purchase LTC through a credit card.
Another, important thing that I want to share is, you should not leave your litecoins on these exchanges for a long time because all these services are susceptible to hacks.
That’s why we recommend you to get a reliable litecoin wallet like Ledger Nano S or Tezor so that your Litecoin funds remain safe for a long time.
Hope you enjoyed this article and if you find this useful? Then please share it in your community and help them to buy Litecoin cryptocurrency safely !!
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