How to buy Litecoin LTC in 4 steps in the UK

In the top left of the account, you will see the “Deposit Funds” button. You can use whichever method you like from that list, but my recommendation is POLi. Funds are deposited instantly and there is no charge incurred. Type in the amount you want to deposit, select your bank, and then click the “Continue to POLi” button to finalise your deposit. To strengthen and ensure the sustainability of Litecoin, its maximum supply is capped at 84 million coins. If you select one of the exchanges below we have provided some information to help you find the best exchange for you.

In this guide, we have put forward a detailed explanation that will help you with every step of buying Litecoin — from choosing an exchange to investing in LTC. Quidax allows you to buy Litecoin in Nigeria directly with Naira using either bank transfer, debit card, or USSD. In this simple step-by-step guide, we will use the Luno app and the Quidax web browser to demonstrate how to easily buy your litecoin in Nigeria with Naira.

Step 2: Download the eToro App (Optional)

To buy Litecoin with a debit card all you have to do is enter your details as normal, stating how much you want to buy. When you want to cash out your digital coins, the platform will send the funds to the same card. To reiterate, selling your Litecoin via a crypto exchange, or even an unregulated broker is the least safe and convenient way. This is because third-party exchanges often require you to transfer your LTC coins from your wallet to that of the exchange. We’ve talked about the importance of regulation, payment methods, and fees – in terms of how to buy Litecoin. You can do this with bank transfer, credit card, or a payment option available in your country. While some people choose to store their Litecoin in their exchange account, this is not recommended.

But, if the market sentiment is on the decline, the price of Litecoin will follow suit. As such, you will never struggle to find a buyer when it comes to cashing out. how to buy litecoin When using eToro, you can sell your Litecoin investment 24 hours per day, 7 days per week. As soon as you do, the funds will be instantly available for withdrawal.

How to Buy Litecoin with Bitcoin

As a result, Litecoin is often described as being the silver to Bitcoin’s gold. Use TRASTRA mobile app to buy and exchange LTC in just a few clicks. This will help you learn more about the possibilities of the Litecoin blockchain as well as the coin’s potential in the market.

• When it comes to payments, you can deposit and withdraw funds with a UK debit/credit card, e-wallet, or bank account.
• Additionally, it should also be mentioned that while the Litecoin blockchain performs better than Bitcoin, there are far more advanced blockchains in the space.
• Trading LTC is an easy-accessible transaction for users with a TRASTRA account.
• For instance, if you sign up with an unregulated exchange – you will likely have to take responsibility for storing Litecoin yourself.
• Learn about the history of the project and discover how and where to buy Litecoin online in this handy guide.
• But it isn’t as convenient as buying Litecoin with credit/debit cards or eWallet.

While uncommon, there is the risk of an exchange or your account being hacked, and funds being stolen. Government regulation could affect cryptocurrency prices negatively such as the banning of cryptocurrency in a country. Koinal lets you buy multiple cryptocurrencies instantly with Visa or Mastercard. 24/7 support and quick verification available on desktop or mobile. You will then need to verify your identity and address, which is part of a process called know your customer , which is a legal requirement by exchanges in the UK. Once you have selected an exchange to purchase Litecoin from the table above, you will need to register.

What is the safest way to buy Litecoin?

Receiving your salary in stablecoin like LTC can be highly beneficial. This option will be best for those who don’t want to risk getting paid with traditional cryptocurrencies such as Bitcoin or Litecoin, as they may fall in value. In contrast, Litecoin and other stablecoins are backed by assets like the U.S. dollar or other fiat currencies.

Both applications are easy to use and you can start buying in a few steps once you are signed up. If you’re not ready to buy a hardware wallet, you can also https://www.tokenexus.com/ use a software wallet. We again warn you, however, that this leaves your coins vulnerable to attacks and malware, as well as a malfunctioning computer.

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Finally, confirm your mobile number by entering the unique code that eToro sends to your phone. Once again, this is why it is crucial to keep control of your stakes and that you never invest more than you can afford to lose. The best way to counter this risk is to invest small amounts but on a regular basis. If you bought Litecoin in early 2018 at its peak, you would have encountered huge losses in the 12 months to follow. In fact, hitting 2018 lows of just $24, this works out at 93% less than its prior highs of $350. The key point here is that there is every chance that you will lose money when you buy Litecoin. In trading jargon, this means that the asset moves in an extremely sharp and volatile manner.

• This is why we strongly suggest considering an FCA-regulated platform like eToro.
• In terms of how this works, the process can vary depending on how you initially made the purchase.
• Outside of its functionality as a payment method, there aren’t too many other popular uses for Litecoin .
• Don’t forget, at eToro, the commission is 0%, so this is a huge difference.
• ❌ The platform is not user-friendly for beginners because of its advancement in the cryptocurrency exchange space.
• If you want to trade, you need to buy and sell Litecoin quickly to take advantage of market fluctuations, and using a broker is the best way to achieve this.
• We’ve illustrated the price fluctuations you can expect when you buy Litecoin.