How to Buy Litecoin (LTC)
Make your investments work for you: Buy and sell Litecoin and 40+ cryptocurrencies instantly.
How to buy LTC
Just 3 easy steps to start investing in Litecoin
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase LTC with PayPal, Google Pay, etc.
Choose LTC, select how much you want to buy, and make your first investment.
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Learn more about Litecoin
What is Litecoin ?
Litecoin is a peer-to-peer decentralized cryptocurrency that was launched in 2011. Thus, it is considered one of the earliest altcoins. Although Litecoin was inspired by Bitcoin, the main purpose of creating it was to complement Bitcoin and improve everyday use. Some of the problems that Litecoin aimed to solve were the cost and speed of transactions. Litecoin is almost 4 times cheaper, and the mining process is much quicker than Bitcoin. However, the transactions are smaller in size. Almost 14400 Litecoin tokens are mined daily. Like Bitcoin, Litecoin also uses a Proof-of-Work mechanism to verify and protect the transactions on its network.
Learn more on Litecoin official website.
What is LTC ?
Litecoin is a digital currency that is shown by the LTC sign. The native coin of the Litecoin blockchain (LTC) was released to the market in 2013. It experienced many surprising ups and downs and became one of the top cryptocurrencies on the market. Litecoin is very similar to Bitcoin. However, the value of Bitcoin has always been higher than Litecoin. But there are differences between these two digital currencies that can help the investor decide which one to buy. Litecoin has a fixed supply of 84 million tokens, which is almost 4 times more than Bitcoin's 21 million tokens; 69 million LTC tokens are in circulation.
Is Litecoin reliable
Litecoin is a secure digital currency and has extremely strong encryption. It is worth mentioning that Litecoin, like Bitcoin, follows the POW consensus algorithm to confirm its transactions quickly and safely. The combined power of the Litecoin mining network can prevent attacks.
To keep your Litecoin tokens safe and away from the access of hackers, you should always consider choosing a secure wallet. Generally, hardware wallets are more secure than software wallets, especially if you want to keep Litecoin as a long-term investment. If you want to use this coin, it’s better to choose a mobile app or software wallet; so you have more control over your tokens.
After you've bought LTC
Like any other currency, you can use LTC (Litecoin) to purchase something online. However, the company should accept this currency as a payment. Since Litecoin is a well-known crypto, you won’t have a problem finding companies and brands that support it. You can also transfer it from wallet to wallet with a P2P transaction. Buying Walmart or Amazon gift cards is also possible with Litecoin. Hence, if you buy this crypto and want to consume it, there are lots of ways you can spend LTC online.
Many people buy cryptocurrency as an investment. You can do the same with Litecoin. Buy it at a reasonable price and wait until it rises to a certain amount. It might seem risky, but the cryptocurrency world needs a higher risk tolerance. You can read the comments and predictions of top investors on the cryptocurrency market and learn how they think about the future of Litecoin. However, you should always know that all the predictions might not come true. Therefore, try to analyze the market and consider your risk tolerance. Especially if you are a beginner, start with a low amount of money so you won’t lose if the investment wasn’t as profitable as you had considered.
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Other Methods of buying Litecoin
Where can I buy Litecoin
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Litecoin or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Litecoin directly from another person over the web.
Crypto Exchanges are the safest places for buying Litecoin. You can use Blocktrade as a cheap, secure, and global exchange to buy LTC. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase LTC with a few clicks.
Blocktrade is available in 100+ countries
How to sell Litecoin
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit LTC to your Blocktrade account
To sell Litecoin on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Litecoin address.
Start selling Litecoin!
Once you deposited your Litecoin in your Blocktrade deposit address, you’ll be able to sell your LTC.
Frequently asked questions
Litecoin is a faster and cheaper cryptocurrency compared to Bitcoin. It made trading easier for everyday use. However, Bitcoin is still considered the “digital gold”, and Litecoin is known as the “digital silver”. That shows Bitcoin is still more valuable than Litecoin.
Ethereum is considered the second generation of blockchains, which was supposed to perform better than Bitcoin. Therefore, it is more technologically advanced and attracts more investors to the market. Therefore, Ethereum is considered a better cryptocurrency.
The cost of buying Litecoin can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of LTC, you can either log in to our website and see the real-time price or check our Litecoin Calculator to see the price of Litecoin in your desired currency.
Charlie Lee is the brain behind creating Litecoin. Charlie, known as Chocobo, was a former Google engineer and one of the first Bitcoin analysts. He designed the Litecoin network to solve the problems that the Bitcoin network had. However, he didn’t claim that Litecoin is supposed to compete with Bitcoin.
There are several options to buy LTC such as cryptocurrency exchanges, Peer-to-peer marketplaces, Litecoin brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Litecoin for beginners. You can easily buy Litecoin without any buying fees from our exchange.
Litecoin is usable in many ways, from buying online products to investing or playing games. Crypto analysts expect it would be a good investment, and the price might reach $1000 in the next ten years.
There is no right time to buy Litecoin, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Litecoin or any other cryptocurrency.