Many exchanges that trade LTC will let you store your crypto. A couple of crypto exchanges include Coinbase and Uphold. Pay with LTC — a lot of merchants accept Litecoin as a payment option, meaning you can use purchased crypto to pay for different goods and services. These can be expensive and more difficult to use, and they offer fewer options for restoring your account if you lose the device on which you stored them. But they do provide another layer of security against theft. You can easily buy Litecoin with the lowest fees and highest security anywhere Binance is available.
Once you decide on an app or exchange for buying Litecoin, you’ll have to determine how to fund your purchase. If you’re using a payment or Litecoin-specific app, you can fund your account by linking a bank account or debit card. Buy BNB, LTC, BTC, and 100+ other cryptocurrencies using your bank card issued in your local currency.
If you’re new to crypto, you might not be used to having choices for where to “store” an asset. When your purchase is complete, you might own full Litecoins or partial coins. For example, if Litecoin is trading at $100 and you want to invest $50, you’ll own 0.5 LTC. Finance page on the CEX.IO website and click “Deposit” next to your LTC balance. From there your Litecoin wallet address on CEX.IO appear and you can deposit LTC to this address. Usually, all you have to do is look up the asset you’d like to purchase, type in the amount you want and confirm your transaction.
As with all cryptocurrencies, Litecoin can be a highly volatile asset. Experts suggest limiting your investment to a small fraction of your net worth in cryptocurrencies, including Litecoin. With Kraken, users can pair LTC with several fiat currencies, not just the U.S. dollar. You can pair LTC with the euro, the British pound, the Australian dollar, and the Japanese yen, to name a few. If you want to receive notifications when the LTC price reaches specified levels, you can use the CEX.IO mobile app. Crypto trading to benefit from the LTC price volatility.
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. Many top crypto exchanges and platforms allow users to buy Litecoin. You’ll also want to ensure that the crypto exchange you choose offers Litecoin, which won’t be too difficult since it’s a popular digital currency. Beyond availability, you’ll want to compare the best cryptocurrency exchanges for qualities such as fees, security and simplicity.
How to buy Litecoin in 5 steps
You can find information about the current market capitalization of cryptocurrencies as well as their 24-hour performance. If you consider purchasing LTC, make sure to do your own research towards current market conditions and further Litecoin potential. Like many other cryptocurrencies, Litecoin is a volatile asset, so entry points and time of purchase remain important for short and long-term investors.
Litecoin’s average block time is 2.5 minutes, while Bitcoin has 10 minutes. In addition, Litecoin has a four times bigger max supply compared with Bitcoin cryptocurrency. Be aware, however, that using high-interest debt such as credit card balances to buy a risky asset like crypto could deepen your losses if your investments decline.
We believe everyone should be able to make financial decisions with confidence. You can use Bitfinex mobile to buy cryptocurrency while on the go. Once the funds arrive in your wallet, you can use them to buy LTC. In the Cryptocurrencies section, choose the crypto you want to buy LTC with and create a deposit address on the Exchange wallet.
Charlie Lee, a computer scientist, took Bitcoin’s core code and made modifications to them. He launched the project in October 2011 through a message he posted on a Bitcoin forum. If you are a new user, this is the easiest option to purchase Litecoin . You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. However, you will easily find all available LTC markets using a search field or filters.
How To Buy Litecoin (LTC)
NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.
A crypto exchange is one of the best places to buy cryptocurrency. On Bitfinex, the process is simple and straightforward, with different payment methods and platforms to accommodate your needs. Litecoin vs Bitcoin comparisons may be one of the most interesting topics related to these cryptos.
How to deposit and withdraw LTC?
A faster block confirmation means more transactions can be processed within the same timeframe. In the long run, it could mean more use cases and potential for growth, which may lead to broader adoption. Creating a Litecoin token involves a process called mining that employs a memory-intensive hashing algorithm called Scrypt. It takes roughly 2.5 minutes to produce one Litecoin block in the Litecoin mining process, which is four times faster than it does for Bitcoin. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources.
NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. On Bitfinex, we offer many trading pairs with Litecoin price charts that are always updated. For more info on how to get started, you can go to our how to trade cryptocurrency guide.
Buy bitcoin with a credit card or use other fiat payment methods. Litecoin is a cryptocurrency that was designed to provide fast and low-cost transactions without the need for intermediaries. Litecoin is known as one of the first altcoins in the crypto market. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.
All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. There are a growing number of options on the market. One of the simplest ways to buy digital assets like Litecoin is through a crypto exchange.
For instance, CEX.IO serves U.S. residents in 49 states and Washington DC . U.S. customers have access to dozens of cryptocurrencies, including Litecoin, and can purchase crypto with U.S. In addition to trading, U.S. customers could benefit from the CEX.IO Staking service that allows users to earn staking rewards just by holding crypto on the balance. Will be your only option unless you already own crypto. You’ll have to decide how to move money into your account. Major exchanges generally allow users to pay through bank transfers, such as automated clearing house transactions.
And beyond crypto, there are many other investments such as stocks, bonds or real estate that you might want to consider. As technically almost identical to the cryptocurrency created by Satoshi Nakamoto, people often think of Litecoin as the lite version of Bitcoin. Similarly, Litecoin is also designed to be a deflationary asset, with only 84 million LTC tokens that will ever be created. Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.
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.