Litecoin (LTC) is widely regarded as the first alternative currency. On October 13, 2011, Litecoin was introduced into the crypto market. According to market value, it remains one of the major peer-to-peer (P2P) cryptocurrencies in comparison to Bitcoin. It uses blockchain technology to maintain a decentralized public ledger of all transactions.
Here we take you to the journey on how to buy Litecoin in Three easy steps at three crypto exchanges, hassle free.
How to buy Litecoin in Three easy steps?
Step 1 – Select the suitable Cryptocurrency Exchange
Step 2 – Buy Litecoin
Step 3 – Store your Litecoin
Step 1 - Select the suitable Cryptocurrency Exchange
If you want to buy LTC, you may use payment tools like Venmo and PayPal, or you can use Litecoin-specific wallets like Litewallet.
If you want to invest in Litecoin, you definitely need to register an account with a cryptocurrency exchange. You’ll also want to make sure that the crypto exchange you choose supports Litecoin, which shouldn’t be too difficult given how popular it is. Compare multiple exchanges based on their features, such as fees, security, and simplicity, and make a decision.
Step 2 - Buy Litecoin
After deciding on a payment app or cryptocurrency exchange to acquire Litecoin, you must decide how to fund your transaction. If you’ve selected payment apps, you should fund your wallet by connecting a bank account or a debit card. After funding, you can execute your first Litecoin transaction. When your transaction is complete, you may get full or partial Litecoins. For example, if Litecoin is worth $10 and you invest $50, you will own 0.5 LTC. If you spend $100, you will receive 1 LTC.
Step 3 - Store your Litecoin
If you’re new to cryptocurrency, you might not be used to having options for “storing” an asset. However, with Litecoin, you have various options. Most prominent cryptocurrency exchanges have built-in digital wallets where you can store your Litecoin and other cryptocurrency purchases. To keep your cryptocurrency safe from hackers, you can use a separate digital wallet that is not connected to the internet.
Also read: How To Buy Dogecoin
Popular video guides on buying Litecoin(LTC)
Also read: Check Litecoin prices live
Where to buy Litecoin(LTC)?
1. Kraken
It just takes a couple of seconds to purchase or sell Litecoin with Kraken. Kraken is consistently ranked as among the safest and most trustworthy crypto exchanges in the world, in addition to providing a simple interface and the lowest fees in the industry.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Visa and Mastercard debit/credit card, Digital wallet purchases, ACH online banking |
| Deposit Fees | None |
| Cryptos Listed | Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Polkadot, Polygon, Ripple |
| Trading Fees | 0.25% per trade |
| Fiat Currencies Supported | 150+ coins |
| Trustworthiness | Safe |
2. Coinbase
Coinbase makes it easy and secure to purchase, sell, and store LTC. There are no minimum requirements in this case. You may begin by purchasing a piece of Litecoin for as little as $25. It's up to you whether to use your debit card or connect your bank account. It is a secure platform that incorporates industry-leading security and insurance procedures.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | June, 2012 |
| Deposit Methods | PayPal, Debit/Credit Cards, Wire Transfers, Apple/Google Pay |
| Deposit Fees | 0 |
| Cryptos Listed | 170 |
| Trading Fees | 1% |
| Fiat Currencies Supported | EUR, USD, GBR |
| Trustworthiness | Safe |
3. Gemini
Another crypto exchange from which you can buy LTC simply and securely is Gemini. This platform is enticing to new and experienced traders and is easy to use. The best thing is that the support team is always there to help you out in every scenario.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2015 |
| Deposit Methods | ACH Transfer, Wire Transfer, Debit Card, Bank Transfer, PayPal |
| Deposit Fees | None |
| Cryptos Listed | 120+ cryptocurrencies |
| Trading Fees | 1.49% (for over purchases of $200) |
| Fiat Currencies Supported | SD, CAD, AUD, GBP, SGD, EUR, and HKD |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy Litecoin with a credit or debit card?
You can buy Litecoin from any trustworthy cryptocurrency exchange like Coinbase or Kraken using your credit or debit card.
What will you need to buy Litecoin?
To buy Litecoin, you will need to create an account on Coinbase, Gemini, or Kraken and validate it. Once you fund your account, you can make a purchase.
What is the easiest way to buy Litecoin?
The easiest way to buy Litecoin is to create an account on Coinbase and then validate your details.
Best wallets to store your Litecoin(LTC)
The best wallets to store your Litecoin(LTC) are CryptoWallet, Ledger Nano X, and Trezor Model T.
