Finder has outlined the basic steps, but click here for Finder's guide to KYC. The company is well-established and has been selling cryptocurrencies since 2012. On the downside, don’t expect anyone from their support to answer if you encounter any issues . If you’re buying a small amount, that shouldn’t make that much of a difference and sometimes it’s better to pay a little extra for an easier, faster process.
One of the most popular altcoins among them is Litecoin when it comes to mass charm, market capital and the possibility of adoption. You can buy and sell litecoin in the same ways that you can trade BTC on Bitcoin of America’s online exchange. Binance is the best option for buying Litecoin with a credit or debit card because of its premium trading software. The global exchange offers popular LTC trading pairs, high liquidity, and staking opportunities after investing. In addition to the obvious benefits from the trading application, participants can benefit from this ecosystem because of growing ownership in e-commerce. As one of the leading cryptocurrencies, Litecoin is rapidly becoming a competitor for the best three places, even as the funding device.
Easy to use, Customer-focused Platform
Litecoin’s price rises 40 points to $340, and our price is now 345 to buy and 335 to sell. If you’re new to crypto, you might not be used to having choices for where to “store” an asset. Exodus users are responsible for storing their own recovery phrase. If the recovery phrase is lost, the user might not be able to retrieve their private keys.
Litecoin now has a built-in privacy feature called Mimblewimble, which makes transactions private to outsiders. The LTC stored in your Kriptomat Litecoin Wallet is yours to do with as you please. Withdraw your LTC to ANY Litecoin address at ANY time, hassle-free.
eToro – The Overall Best Way to Buy LTC
Before you how to buy and sell litecoin your money, know the risks of cryptocurrency and keep your investment to a small amount of your net worth. Many exchanges that trade LTC will let you store your crypto. A couple of crypto exchanges include Coinbase and Uphold.
However, although Eightcap has amazing tools for buying LTC, the platform’s fee rates are considerably higher than previously mentioned options. If you plan to become a cryptocurrency day trader, it’s important that you open an account with a trusted, reliable exchange. Explore a few of our favorite cryptocurrency exchanges offering access to Litecoin trading below if you aren’t sure where to begin. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear WAVES on this site are from companies from which finder.com receives compensation.
Swap Litecoin for your favorite assets with just one click.
Litecoin is a powerful speculative investment tool, so many customers buy and hold in the hopes of gaining massive profits. We believe by providing tools and education we can help people optimize their finances to regain control of their future. While our articles may include or feature select companies, vendors, and products, our approach to compiling such is equitable and unbiased. The content that we create is free and independently-sourced, devoid of any paid-for promotion. If you have questions about investing or want help with reaching your long-term financial goals, speaking with a financial advisor may be a good idea.
If you want to use it for payment, it’s a good idea to consider where you can spend it and why you view it as superior to traditional currency and other cryptos. One of the simplest ways to buy digital assets like Litecoin is through a crypto exchange. Our partners cannot pay us to guarantee favorable reviews of their products or services.
https://www.beaxy.com/s vary widely in the crypto trading pairs they offer, but many do offer trades, including Litecoin and other assets. Andy Rosen covers cryptocurrency investing and alternative assets for NerdWallet. He has more than 15 years of experience as a reporter and editor covering business, government, law enforcement and the intersection between money and ideas. In these roles, Andy has seen cryptocurrency develop from an experimental dark-web technology into an accepted part of the global financial system. Litecoin is a peer-to-peer cryptocurrency that performs faster transactions than many other currencies, including Bitcoin.
How To Buy LTC
There are many ways to purchase crypto, but there are also plenty of scams out there. 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. 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. When buying Litecoin, you’ll often have the option of paying in cash or cryptocurrency .
- Generally speaking, Bitcoin and Litecoin have quite a bit in common.
- Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment.
- To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available.
- Compare any trading fees that apply and whether there's a fee for withdrawing funds into your bank account or cryptocurrency wallet.
- Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices.
- Make sure to withdraw the Litecoin from the exchange to your personal wallet.
There are in-depth charting tools and indicators that you can use to inform your trades. You can buy Litecoin with no minimum investment amount. Robinhood charges no commissions for purchases or sales, making it one of the cheapest ways to invest in Litecoin. If you’re interested in buying or trading Litecoin, here are some of the best companies to work with.
Bankex, a unique platform made to validate and also tokenize much more. Illiquid resources like real-estate and investment capital portfolios, is accepting Litecoin alongside Ethereum during the token purchase. Platforms such as Bankex unanimously acknowledge Litecoin simply because many clients will swap their cryptocurrencies with Litecoin whenever there is a deal pending. Crypto or such form of investments is of same importance today as compared to investing in shares and bonds. The fundamentals being that everything runs in a cycle.
Flexibility– There are ATMs all across the nation with Bitcoin of America. We give you the option to purchase or sell Litecoin on the go, with little to no hassle. You can transfer your Litecoin to an online wallet or use the QR code issued at the ATM point as an offline hard wallet. The cheapest provider to buy Litecoin is Binance.US, with fees starting at 0.1%.
Therefore, you cannot spend or stake your coins and must leave your funds within the broker. On the other hand, exchanges will let you buy Litecoin online which you can withdraw to a wallet and pay for various services or products. The exchange is outstanding for depositing, buying, and storing your coins. A company or individual that facilitates the buying and selling of cryptocurrencies on exchanges is called a cryptocurrency broker. For your peace of mind while trading, we state whether or not each crypto is regulatory-approved and by which institutions.
Don't make crypto your retirement fund, and definitely don't use crypto as your emergency fund. A good guideline is to dedicate no more than 5% to 10% of your investment portfolio to cryptocurrencies. One more feature you might want to consider is cryptocurrency selection. It's not a big deal if you're only interested in Litecoin, because that's available at most exchanges. But if you think you'll want to invest in smaller coins in the future, then cryptocurrency selection is important when choosing an exchange. If you've researched Litecoin, think it's a smart investment, and want to get some of your own, then it's time to learn how to buy it.
Here you’ll explore alternative ways you can earn money with LTC. Blockchain technology is extremely transparent, and you can view all historical transactions. Websites like Etherscan, Blockchair, and BscScan are great for seeing the progress of your transfers. Choose the order type and the amount of money you want to exchange, then click the “Buy” button to complete the transaction. Then click the relevant trading pair to the currency you’ve deposited.
Litecoin and other cryptocurrencies are exciting, but investing in them is a big risk. The IRS treats Litecoin and other cryptocurrencies as property for tax purposes, meaning you have to pay taxes on profits just like any other investment. There are also websites that accept cryptocurrency transactions for some purchases. Still, these days, it can be hard to use crypto to buy things from physical stores. SoFi, like Robinhood, holds your Litecoin on your behalf, not giving you full access to your wallet. This isn’t a big deal if you’re just looking to invest but means you can’t use your balance to pay for things or transfer funds to your friends.
When to Sell Litecoin?
You may want to sell LTC if you're seeking to: Sell your LTC for crypto or cash. Capture gains (or avoid losses) in times of price volatility. Realize gains from previous LTC purchases.
Litecoin offers distinct features when compared to Bitcoin. Litecoin’s network is based on the technology behind Bitcoin, but with a few changes to allow for higher throughput. Learn how to sell Litecoin NEAR by following our step-by-step guide. Compare cryptocurrency exchanges to find the best place to sell Litecoin. Glad I did, it was very easy to use and transfer my coins to start trading other coins and fees are low as well.
- Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.
- However, you can search for local online forum groups or pages and facilitate exchanges by yourself.
- These are standard tests to identify who you are, so you may be asked to provide photographic ID and a utility bill.
- The quickest way to purchase Litecoin via online banking is by using it as a payment method with eToro.
- Then click “Transfer to Wallet” and the specified amount to send.
You can pair LTC with the euro, the British pound, the Australian dollar, and the Japanese yen, to name a few. Sync between the Litecoin desktop wallet and mobile wallet to use your LTC on multiple devices. Swap Litecoin for your favorite assets with just one click.
Litecoin making a 💪strong move💪 higher!
1 LTC is now $91.2600 (Up 5.16% in 1 hour)
— Coin.Guru (@coin_guru) December 1, 2020
Litecoin’s founder, Charles Lee, also sold his stake in Litecoin in 2017, which has affected investor confidence. One of the biggest complaints that cold storage wallet users have about cold wallets is that they tend to support fewer cryptos than hot wallets. This can mean purchasing multiple different wallets to store all of your tokens, which increases the chance that you’ll misplace a device. After you’ve opened your account, funded the account and decided where you want to store your coins, it’s finally time to place your order. You’ll place an order to buy Litecoin using a buy order.