How to buy Litecoin?

How to buy Litecoin

Litecoin uses the general idea behind Bitcoin with few notable changes to improve it. It was created by former Google employee. The total number of Litecoins available is 84 million as opposed to Bitcoin’s 21 million. The block time on Litecoin is 2.5 minutes while on Bitcoin, it is 10 minutes.

Litecoin has also become popular these days and has reached over $300 last month. With a market capitalization of $17 billion, it is now worth to invest in it. If you also want to invest in Litecoin, this guide is for you. In this guide, I will tell you how to invest in Litecoin and where to buy.

An alternative way of getting Litecoins is by mining them. I will write another article on that.

Before you invest in Litecoin, you must know one thing. “DO not risk the amount you cannot afford to lose.”

Litecoin Wallets

Now when you are ready to get some Litecoins, you also need to own a Wallet to keep it safe. I always recommend Ledger Nano S hardware wallet. It offers the best security. Trezor is also a good hardware wallet. If you do not want a hardware wallet, you can go with software wallets. Alternatively, you can use ExodusCoinbase, Litecoin Core, and Jaxx.

Buy Litecoin

The primary thing is to find platforms that deal with Litecoin. Here are the exchanges where you can directly buy Litecoin.

1. Coinbase

Coinbase is a good place to buy Litecoins. Here, you just need to fund Dollars or Euros to buy Litecon or other cr Cryptocurrencies. You can buy up to $500 worth of Litecoins using your credit card. Coinbase is safe and they care for the security of your platform. So, you do not need to worry.

Coinbase is available in over 33 countries. India is not in the supported countries list. If you are from India, you need to go with alternate options.

2. Bitpanda

Bitpanda is another exchange where you can by Litecoin using a credit card, Skrill account, SEPA transfer or SOFORT transfer. Buying limit is 600 Euros and you need to submit verification documents before buying anything. Here, you have verification levels that increase buying limit.

3. eToro

eToro is a different kind of platform. It is basically a trading platform and doesn’t give you access to the coins. You can only buy and sell coins here on eToro. So, you cannot transfer your coins to your personal wallet.

It supports multiple payment platforms including credit cards, Skrill and Paypal. So, funding eToro wallet is easy and then use the fund to buy other cryptocurrencies.

4. Changelly

If you already have any other cryptocurrency and want to buy Litecoin in exchange, you can use Changelly. It offers competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies. This is the most efficient way of exchanging cryptocurrency. They also charge less for the quality service they offer.

Final Words

Litecoin is growing fast and it has potential. If you are looking for investment in a good cryptocurrency with good future, you can go with Litecoin. Now you know where yo buy Litecoin and where to keep. There are lots of other exchanges. You can go there and buy Litecoin. If you still have any doubt, you can always leave a comment.

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Deepanker Verma is the founder of Techlomedia. He is a tech blogger, developer and gadget freak.

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