How to Buy Litecoin in 2022
Best Platforms to Buy Litecoin in 2022
eToro
eToro is undoubtedly our favorite cryptocurrency exchange to buy popular coins like Bitcoin, Ethereum, and more. Apart from cryptocurrencies, this broker also offers many assets. eToro is also an investor favorite for many reasons. The platform has significantly expanded its customer base to over 20 million investors.
First, eToro offers super low fees, so you can buy Litecoin without paying huge fees. The broker offers withdrawal and deposit options for several major channels including PayPal, Neteller, debit and credit cards.
Second, the platform is beginner friendly and very easy to use. eToro caters to new Litecoin buyers. It is also user-friendly and offers comprehensive technical charts with dozens of technical indicators and drawing tools. eToro has a CopyTrader feature that allows new traders to automatically copy trades from other professional traders on the platform without any hidden fees.
In addition, eToro is strictly regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). It is also registered with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
Capital.com
Capital.com is another reliable platform where you can buy Litecoin. The broker offers a wide range of assets, from cryptocurrencies to currency pairs, stock indices and ETFs. Capital.com also offers a zero commission structure. This means that you don’t have to pay any extra fees when making transactions.
Brokers mainly offer CFD trading options that allow you to speculate on the price of an asset without owning it. This is useful because you don’t have to worry about storage, wallets or private keys. Capital.com offers up to 1:20 leverage when trading stock CFDs. However, trading prudently is important because while leverage can greatly increase your potential profits, it can also increase your potential losses. The broker is also strictly regulated by the UK Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC) to ensure users’ transactions are safe and secure.
Capital.com also ensures that they cater to novice traders by offering extensive educational materials on their website. They also offer articles, glossaries, and various courses to help you get up to speed on the market. They also offer a demo account that you can use before live trading, which provides a risk-free way to access the trading platform.
Binance
Binance is the largest cryptocurrency exchange in the world by daily trading volume. It is a top platform that offers trading in over 500 digital currencies. Binance provides access to multiple cryptocurrencies. It also provides users with multiple ways to trade assets. You can buy or sell digital currencies instantly by paying by debit card, credit card or bank transfer. The exchange also offers leveraged trading and cryptocurrency futures, allowing traders to buy cryptocurrencies for more than their wallet balances.
Additionally, Binance has a very detailed web and mobile trading platform where you can analyze price action and momentum changes. In terms of fees, Binance’s fees start at 0.1% per transaction, which is one of the lowest in the industry.
Coinbase
Coinbase is one of the world’s leading cryptocurrency exchanges. The exchange has a large number of cryptocurrencies available for users to invest in and exchange. It launched in San Francisco in 2012. Coinbase has a unique beginner-friendly interface. Therefore, trading on the stock exchange is very easy. Seasoned traders can also use Coinbase Pro, Coinbase’s professional platform. Coinbase Pro features advanced charting capabilities that allow users to trade cryptocurrencies and place market, limit, and stop orders.
Gemini
Litecoin is a digital money and blockchain that varies from Bitcoin in that it utilizes an alternate mining calculation and cycles exchanges quicker. Litecoin was initially imagined and sent off by Charlie Lee in October 2011. Litecoin is a fork of Bitcoin and is actually comparable; in any case, it utilizes an alternate verification of-work mining calculation called “scrypt”.
Litecoin or LTC is the advanced resource badge of the Litecoin organization (like how Bitcoin or BTC is the computerized resource badge of the Bitcoin organization). All LTC adjusts and exchanges are recorded on the Litecoin blockchain. The littlest unit of LTC is “litoshi” which is 10-8 LTC or 100 millionth of LTC (0.00000001 LTC). Litecoin can be traded with government issued money or other computerized monetary forms. Litecoin can be bought from digital money trades and put away in crypto wallets or caretakers like Gemini.
Kraken
Where you can buy LTC:
Direct Purchase | You can buy directly from others in person or online. |
Crypto ATM | You can try to find a cryptocurrency ATM near you that offers LTC. However, ATM rates can be prohibitive and there is no guarantee that you will be able to find a counterparty to complete the transaction. |
Exchange | Many believe that the easiest way to buy it is through an exchange like Kraken. In addition to its simple interface and the lowest fees in the industry, Kraken is consistently rated as one of the safest and most trusted cryptocurrency exchanges in the world. This is important because once a cryptocurrency is lost, it is nearly impossible to recover it. At Kraken, we take security seriously through state-of-the-art technology, policies and procedures for protecting client funds. When it comes to security, we don’t compromise, and neither should you. |
Libertex
Libertex is an exchanging auxiliary of Libertex Group. What makes this stage extraordinary is its zero-spread value structure. Libertex charges commissions on exchanges, not spreads. The dealer offers merchants two electronic exchanging stages. This incorporates MT4 and Libertex Web Trader.
Libertex is a completely directed internet based agent with more than 20 years of involvement with the business. It covers around 213 business sectors, giving clients admittance to stocks, ETFs, forex, cryptographic forms of money, from there, the sky is the limit. On Libertex, dealers can utilize in excess of 50 cryptographic forms of money. It likewise offers merchants edge exchanging with influence up to 1:30 for retailers and up to 1:600 for proficient clients.
Libertex has a simple to-utilize versatile application and work area exchanging connection point that gives clients the adaptability and accommodation of exchanging.
Libertex upholds numerous store channels, for example, Skrill, Neteller, credit and charge cards, wire move, Multibanco, Sofort, Trustly and then some. In the same way as other different merchants, Libertex additionally offers a demo account that you can use before really exchanging. This gives a gamble free method for getting to the exchanging stage.
Plus500
Plus500 is a CFD broker offering over 2,000 financial instruments including Forex, Commodities, Cryptocurrencies and Indices. The trading service was established in Israel in 2008 under the Plus500UK Ltd brand. It is a simple and easy-to-use platform that provides a convenient trading experience.
The Plus500 interface is integrated with WebTrader 4, a user-friendly interface designed for advanced traders. Plus500 is very secure; it provides 2-step verification for login for security purposes. Based in London, the platform is regulated by several international financial institutions, including the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
AvaTrade
AvaTrade is one of the oldest online brokerage platforms. Founded in 2006, it is part of the AVA group of companies. The online broker supports multiple currencies such as cryptocurrencies, indices, CFDs, options, bonds and more.
One of the unique qualities of Ava Trade is the presence of various trading platforms. It offers MetaTrader 4 and 5 as well as its own AvaTradeAct platform. With AvaTrade’s MT4 or MT5 account, you can buy and sell currency pairs commission-free.
Instead, the broker will only charge you variable spreads. AvaTrade also provides users with a variety of Forex trading tools such as advanced order types, technical indicators and charting tools. It also has a demo account option to start trading without a deposit. The broker supports credit and debit cards.
Revolut
Revolut is a London-based fintech company that provides banking services to customers. The service provides users with a quick and easy interface to receive, send and exchange money wherever they are.
Although Revolut focuses on simple transactions, the platform also offers cryptocurrency services. Users can convert cryptocurrencies to fiat currencies in seconds. Revolut does not allow you to trade cryptocurrencies directly on the platform; here you can only buy, transfer or withdraw cryptocurrencies. Revolut has other benefits as well. The platform offers loans as well as phone and travel insurance.
CryptoRocket
Launched in 2018, CryptoRocket is an online broker that provides trading services for various assets. This includes cryptocurrencies, indices, stocks, and more. However, the broker is more focused on cryptocurrencies. CryptoRocket takes small deposits, with a minimum deposit of just $10. However, unlike other services, the deposit methods on CryptoRocket are limited. Here, you can only deposit via bank transfer, bitcoin and card.
One of the many features that makes CryptoRocket unique is the same-day withdrawal service for credit card transactions. Brokers allow traders to access advanced charting and analytical tools as well as the latest news to help them strategize and trade. For advanced traders, leverage up to 1:500 is available.
Changelly
Changelly is a cryptocurrency exchange founded in 2016. It has a very fast and simple interface to buy and sell cryptocurrencies. What sets it apart from other exchanges is the speed at which it converts cryptocurrencies to fiat.
It is known for its privacy features. Changelly does not require your personal information or any form of address verification before you can buy cryptocurrencies on the platform. At Changelly, you can get a fixed cryptocurrency exchange rate on Changelly, which is 0.25%. There are no specific deposit fees on the platform, but you will need to consider transaction fees when making an exchange. Changelly is a safe and legal service you can use. It also offers deals through its Changelly Pro division where you can make your money work for you.
Pros and Cons of Platforms
Pros:
- Transactions are processed faster with no delays.
- Additional protection against viruses and Trojans.
- The stability that Litecoin has shown over this decade is impressive.
- Litecoin is unique as a cryptocurrency because it has a unique price in the market.
- Its stock is affordable, but still more valuable than most of its competitors.
- Litecoin has crossed the threshold, so it cannot be considered a penny.
- Its price range is attracting investors as it continues to prove it can compete in the market and still has plenty of room to grow.
Cons:
- Transactions are processed faster with no delays.
- Additional protection against viruses and Trojans.
- It showed consistency but did not grow in a way that surprised investors.
- The partnership with the Lightning Network shows great potential, but investors want to know if the company can actually realize that potential.
- Litecoin’s market cap is lower than other cryptocurrencies.
How to buy Litecoin – Step By Step
Buying Litecoin on eToro | 1) Open the eToro platform and enter “Litecoin” in the search bar. Select “LTC” from the drop-down list in the search results. 2) Click “Transaction”. 3) Set the amount you want to invest. 4) Click “Open Position”. |
Buying Litecoin on Capital.com | 1) With advanced artificial intelligence technology at its core: Facebook-like News Feed provides users with personalized and unique content based on their preferences. If a trader makes a decision based on bias, the innovative News Feed provides a range of materials to get him back on track. Neural networks analyze behavior in the app and recommend videos, articles, news to improve your investment strategy. 2) Margin Trading: By offering margin trading (up to 2:1 for cryptocurrencies), Capital.com gives you access to the crypto market through CFDs. 3) CFD trading: When trading CFDs on Litecoin, you do not buy the underlying asset itself, that is, you are not bound by it. You are just speculating on the rise or fall of the Litecoin price. CFD trading is no different from traditional trading in strategy. CFD investors can go short or long, set stops and limit losses, and apply trading schemes that suit their goals. 4) Comprehensive trading analysis: The browser-based platform allows traders to form their own market analysis and forecasts through smooth technical indicators. Capital.com provides real-time market updates and various chart formats for desktop, iOS and Android. |
Buying Litecoin on Binance | 1) Buy stablecoins listed on Binance by transferring funds from your account to the suppliers of these coins. Then use these stablecoins to buy Litecoin on Binance. 2) Binance supports deposits in over 300 cryptocurrencies, some of which you can exchange for Litecoin at some of the best prices on the market. 3) You can buy Litecoin directly on Binance with a credit or debit card. We offer the best way to buy Litecoin with Visa or MasterCard. |
Buying Litecoin on Coinbase | 1) Create a Coinbase account. Download the Coinbase app and start the registration process. 2) Add payment method. 3) Start trading. 4) Select Litecoin from the list of assets. 5) Enter the amount you want to buy. 6) Complete the purchase. |
Buying Litecoin on Gemini | Gemini fees are slightly higher than some other cryptocurrency brokers and are up to 1.49% depending on the platform you use. If you make a purchase with a debit card, there is a 3.49% fee, and other fees may apply. For mobile and web app users, Gemini charges a flat fee of 0.5% above the current transaction price (Gemini calls it a “convenience fee”). Additionally, it charges transaction fees based on the transaction amount just like Coinbase: tiered flat fees up to $200; orders over $200 are subject to 1.49% tax. |
Buying Litecoin on Kraken | 1) Create an account. Provide an email address, choose a username, and choose a strong and secure password. 2) Complete the verification process. With Starter verification, you can buy LTC with other cryptocurrencies. 3) Deposit cash or cryptocurrency. 4) Buy Litecoin |
Buying Litecoin on Libertex | At Libertex, Bitcoin CFDs are just one of the advantages offered on the platform. Our review of Libertex found that the brand allows you to trade CFDs on one of the largest ranges of crypto assets we have come across. Therefore, you can trade CFDs on cryptocurrencies like Litecoin, Bitcoin Cash, Ethereum, XRP, IOTA, NEO, OmiseGo, QTUM, Monero, Zcash, Stellar, Nem, Cardano, EOS, Tezos, Chainlink, Cosmos, Maker and Ontology. |
Buying Litecoin on Plus500 | On Plus500 you can trade some cryptocurrencies such as: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO, IOTA, EOS, Bitcoin Cash (BCH), Cardano (ADA) , Ethereum/Bitcoin, Crypto10. .Please note that the leverage of 1:30 is the maximum leverage of the entire platform, while the leverage of cryptocurrencies is 1:2. Plus500 offers a compelling and intuitive trading platform. The platform is available in more than 30 languages including English, Spanish, German, and French. The trading panel is simple and well-designed. Even novice traders can navigate comfortably without any problems. There is a two-step login process to secure the account, and you can use 2FA authentication with Google or Facebook. |
Buying Litecoin on AvaTrade | 1) Uncompromising security With 7 regulators and segregated accounts, your funds are always protected. 2) Multiple cryptocurrencies to choose from 3) No hidden fees Offers zero commissions and bank charges for transactions 4) Cryptocurrencies never sleep AvaTrade is one of the few brokers that offers 24/7 service and support in 15 languages. 5) Generous levers Increase your initial capital with generous leverage and gain access to more trading opportunities than your account balance. Up to 2:1 (EU residents) 25:1 (non-EU residents). 6) Limit your risk You can set profit and loss levels while trading using stop loss or take profit limits. Determine the maximum amount you are willing to risk by speculating on the price, or set the price at which you want to profit. Future orders such as Buy Stop and Buy Limit are also available. You can also take advantage of our innovative solutions to protect your trades from losses. 7) Trade cryptocurrencies with fiat currencies Unlike many other exchanges that restrict their clients to only cryptocurrencies to cryptocurrency, our clients can also trade cryptocurrencies with fiat currencies (USD, EUR, JPY, etc.). |
Buying Litecoin on Revolut | Users can then store their cryptocurrency in the Revolt app or transfer it to other customers for free. If a user does not have fiat currency in their account, they can still use their card and Revolut will dynamically convert any bitcoin at the “best possible exchange rate”. Revolut claims that, for the first time in the world, users can buy cryptocurrencies in all 25 base currencies, eliminating the currency conversion fees that people may face when buying on most exchanges. |
Buying Litecoin on CryptoRocket | 1) Fill out the registration form on CryptoRocket 2) Click “Deposit” and select a payment method. 3) Enter the investment amount, which must be at least $10. 4) Open a trading account by clicking the “Open Trading Account” button on your trading profile homepage. 5) Save your login details in a safe place and access the trading space. 6) Find the cryptocurrency pair you want to trade 7) Select it and start trading |
Buying Litecoin on Changelly | To buy Litecoin or any of the 200 digital assets available on Changelly: First, you need to register or create a Changelly account. Then choose a trading pair (e.g. a local currency like USD/Litecoin). You can choose any other fiat currency offered on the platform (EUR, AUD, GBP, CAD, etc.) |
FAQ
Is It Worth Buying Litecoin Right Now?
It shares many similarities with Bitcoin and is one of the oldest crypto assets on the market, still among the top ten cryptocurrencies by market cap. This alone provides Litecoin with incredible investment prospects and tremendous resilience when it comes to the rapidly changing cryptocurrency market.
Is It Safe To Buy Litecoin Online?
- Choose a cryptocurrency exchange
The most common way to buy cryptocurrencies is through exchanges like Coinbase or Gemini. Several investing and payment apps also sell cryptocurrencies, including Cash App, PayPal, and Venmo.
- Set up your account
Once you’ve chosen where to buy Litecoin, it’s time to create an account. The process depends on the exchange, but there is usually a button on the homepage that says “Get Started” or “Sign Up.”
- Decide how much Litecoin you want to buy
The golden rule with Litecoin and any cryptocurrency is to only invest what you can afford to lose. Cryptocurrencies are volatile, and while prices can surge, they can also fall just as quickly. Don’t use cryptocurrency as your retirement fund, and never use cryptocurrency as an emergency fund. A good guideline is to allocate no more than 5-10% of your portfolio to cryptocurrencies.
- Purchase
The purchase process and available payment methods depend on the exchange you choose. Payment methods may include ACH transfers from bank accounts, debit or credit cards. Bank transfer is usually the best option, as there may be additional charges when paying with a debit or credit card.
What Are the Different Ways To Pay for Litecoin?
Credit / Debit card
A few years ago, LTC could be purchased with a bank (credit or debit) card. If you need a small amount of Litecoin in the shortest time, buying online with a bank card is the best option.
How to buy Litecoin LTC online with a bank card:
- Register on the website by creating a personal account;
- Verify your personal data;
- Provide a valid and verified wallet;
- Now you can buy, sell and exchange;
- Track all your transactions in the Transaction History.
A fixed commission is charged per transaction, 4.5% for banks and 4.5% for companies. We have a limit on the amount of LTC you can buy, which is equivalent to 50 USD or 50 EUR in one transaction. Also check the daily and monthly limits on the website. Our service accepts Visa and Mastercard. Note that you cannot trade from some countries – you can find the full list on the website.
Bank transfer
Pick the installment strategy that works for you: purchase rapidly with Mastercard, make huge buys by bank move, and before long money at huge number of outlets. You can purchase Litecoin for just 50 EUR through Visa or bank transfer.
PayPal
PayPal plans to help digital forms of money as an installment technique, and presently the web-based installments application has declared that US clients can do as such utilizing the Checkout with Crypto include, which dispatches today. After U.S. clients had the option to trade cryptographic forms of money straightforwardly from their records last November, PayPal’s new “Checkout with Crypto” include permits clients to right away trade their Bitcoin, Ethereum, Litecoin or Bitcoin Cash for dollars. (no extra exchange required). expense), which PayPal then, at that point, uses to finish the exchange. In the event that the dealer doesn’t acknowledge U.S. dollars, PayPal will likewise change over those U.S. dollars into your nearby money at PayPal’s standard swapping scale.
