Buy Litecoin
in Sweden

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Learn More about buying LTC in Sweden

How to buy Litecoin in Sweden

Is LTC a good investment in Sweden?

Litecoin has always been among the top 10 cryptocurrencies on the market. It entered the trading market in 2013 with a price of $4. At that time, the Litecoin price was equal to $0.03 Bitcoin. Litecoin experienced many ups and downs during its history. It reached $5 in November 2013 and stayed almost stable until March 2015, when its price suddenly dropped to $2. However, it could come to a higher price the same year and rise to $5.1. The fluctuations of Litecoin were 1 or 2 dollars lower or higher until it reached its peak price of $334 in 2017, which was a record. Litecoin fell to $34 in 2019 and again rose to $125 the same year. It has always shown that it could be a profitable investment if you buy it at the right time.

Litecoin's price was $78 in the late months of 2022. Its history shows that it could surprise its owners by rising to the highest price to dropping to its lowest. However, in every financial market, a price increase may have a price decrease so people can join the market again. Analysts have different opinions about the future of this coin. Most of them believe that Litecoin price may reach $270 in 2025. The next 5 years might be even better for LTC owners because most of the experts on this market expect Litecoin price to be around $1,450.85. However, you should always consider that these numbers are just predictions and are not %100 guaranteed. Therefore, frequently keep reading updates about the Litecoin market and price to ensure it’s the right time to buy or sell.

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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.

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Is Litecoin legal to buy in Sweden?

Yes. According to an overview of fintech and crypto-assets document by the Financial Stability
Department of Sweden, cryptocurrencies are digital assets which can be bought, sold,
transferred and held and used mainly as speculative investments; which means that they are
bought in the hope that they will gain value. According to the above-mentioned document,
legislation aimed at counteracting money laundering and terrorist financing is often applicable
also for crypto-assets and related operations.

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Is Litecoin taxed in Sweden

Yes. According to the declaration by the Supreme Administrative Court in Sweden,
cryptocurrencies are not considered similar to foreign currencies, shares, or equities from a tax
perspective. Instead, cryptocurrencies are viewed as other assets and are taxed according to
Chapter 52 of the Swedish Income Tax Act. According to the mentioned tax act, your
cryptocurrency activity may be subject to three different types of taxes: Capital Gains Tax,
Income tax and Interest Income Tax. As could be taken from the tax act, cryptocurrency sales
are subject to capital gain tax of 30% rate on the profits you make. If you have earned crypto for
some form of service or work, then you need to pay typical income tax, but if you decide to hold
the cryptocurrency that you received, then you will need to pay capital gains tax on the profits or
losses that can happen when you sell them. If you have received crypto in the form of loan
interest or staking rewards, then you will be subject to interest income tax at a rate of 30%. It is
highly recommended to consult a professional on the details of your taxations.

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After you've bought Litecoin in Sweden

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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Who can buy Litecoin in Sweden?

Anyone can easily buy, sell, convert, hold and trade cryptocurrencies using one of the many
cryptocurrency exchanges available in Sweden. Many payment services are accessible in
Sweden through which you can purchase crypto assets; namely: Apple pay, Google pay, Credit
Card, Debit Card, Bank Transfer and PayPal. Our exchange supports all of the mentioned
payment services and provides quick, secure and free of charge transactions in Sweden.

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Buy Litecoin at your ease

Payment methods to buy Litecoin in Sweden

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Litecoin

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

Many crypto experts and analysts believe that Litecoin’s price might be surprisingly high in the long future. However, in the short term, you might also see a good rise. Furthermore, Litecoin is a trusted and reliable crypto that you can use in many ways. Therefore, more and more stores and companies will accept this coin in the future. That shows you might not lose your money by buying LTC.

Yes. According to the Swedish Income Tax Act, selling cryptocurrency will require you to
declare capital gains tax no matter a profit or loss. Note that, it is important that you calculate
the selling price in local currency at the time of sale.

Yes. According to the Swedish Income Tax Act, there are no taxations for buying crypto assets.
But you have to make sure that you keep documentation of the purchase price of the crypto
asset for it to be added to your average cost basis.

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.

It is estimated that 1.88% of the citizens in Sweden, about 196,948 people, own some form of
crypto assets in their possession.

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.

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