How to Buy and Invest in Litecoin LTC in 4 Steps

how to buy litecoin

Obviously, you want some Litecoin, but have you thought about what other cryptocurrencies you might like to purchase later on? If you plan to expand your portfolio at some point, consider picking an exchange with other coins of interest. Go to siteCryptoassets are highly volatile and unregulated in the UK. Litecoin price predictions from cryptocurrency experts continue to be favourable. They forecast that it will continue to rise for at least the next five years.

Is buying Litecoin a good investment?

Is Litecoin a good investment? Like other cryptocurrencies, Litecoin is very volatile. It's a high-risk, high-reward investment, even if those rewards have paled in comparison to some of the most popular coins. Due to how volatile crypto is, the rule of thumb is to only invest what you can afford to lose.

You can buy Litecoin in just a few minutes with FCA broker eToro. Simple register an account, deposit funds with a debit/credit card or e-wallet, and choose how much you wish to invest in Litecoin. It takes minutes to get started, it supports lots of convenient payment methods, and investing is straightforward. In terms of what you can trade, eToro offers a full selection of asset classes. The biggest factor is that you choose an exchange that is safe and legit, so you don’t get scammed.

How to Buy Litecoin in Nigeria: A Step-by-Step Guide for 2022

There is no such thing as risk-free trading, no matter what the financial asset. If you time the market and predict the rise or fall of Litecoin correctly, you will make gains. Buying Litecoin has never been easier for your average Joe Public. Simply sign up to a regulated online broker offering Litecoin – create an order, and specify your stake value.

  • Cryptoassets are highly volatile and unregulated in the UK.
  • Here, you’ll be exchanging Litecoin for Bitcoin by paying a small commission.
  • Even if the exchange does have good intentions, time and time again we hear about platforms getting hacked and users losing their funds.
  • As an extra layer of security, it also holds licenses with ASIC and CySEC.
  • If you’re a new investor looking to add Litecoin to your portfolio, then you may want to keep these points in mind before making a purchase.
  • Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital.

Plus, the exchange does not accept e-wallet payments such as PayPal or Neteller. Upon KYC approval, you will be allowed to add fiat payment methods if the exchange supports fiat-to-crypto trading. If it is a crypto-to-crypto how to buy litecoin exchange, you can directly deposit a supported cryptocurrency to your exchange wallet. Most cryptocurrency exchanges that list Litecoin accept payments through bank transfers or debit and credit cards.

Where to buy Litecoin?

Select how much AUD you want to spend on LTC, then click the Buy button. You will see a pop-up which confirms how much you are spending, the fee, and how many coins you will receive. Once your money is in your CoinSpot account, you are ready to buy some LTC .

how to buy litecoin

Should such a move come to fruition, it could have a significant impact on the value of Litecoins. Litecoin is one of Bitcoin’s oldest and most successful forks. Like all other cryptocurrencies, it too was designed to solve the scalability problem facing the Bitcoin blockchain.

How many Litecoins are left to mine?

In this post, I’ll show you the cheapest way to buy Litecoin in the UK with a UK bank transfer, a debit card, a credit card, or any other payment method. When looking to buy Litecoin in the UK, you have plenty of reputable sources to rely on. Many cryptocurrency exchanges list Litecoin and most of them allow you to pay with GBP using your credit or debit card, as well as wire transfers. Bitfinex is a Hong Kong-based cryptocurrency exchange popular with professional traders. The platform allows advanced trading, such as 3.3x leverage margin trading and algorithmic trading.

Some of the most popular exchanges that accept GBP are eToro UK Cryptoasset Investing, Koinal Cryptoasset Investing and Uphold – Digital Asset Platform. All of these exchanges are considered relatively beginner friendly and offer deposit methods in a variety of methods. This is a subjective question as it really depends on your own personal views. There is no denying that Bitcoin is the de-facto cryptocurrency of choice and is always likely to be. However, in terms of the underlying technology, Litecoin transactions are faster, cheaper, and more scalable. Irrespective of whether you buy Litecoin, stocks, ETFs, or CFD instruments – eToro is a 100% commission-free free broker. This means no dealing charges or monthly fees, and it even scraps stamp duty on UK stocks.

What is SEPA?

The price of LTC is shown clearly in the middle of the screen. After creating the account, you need to verify your account. Click on the “Complete Verification” button and continue with any steps that show up. You need to verify your email, and then then enter your identification details and finally upload a copy of your driver license. It can take a while for your verification to be finalised, so you can have a look around your CoinSpot account and get comfortable with the interface.

how to buy litecoin

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