The 2 most common ways to buy LTC are on the spot market or with an “instant buy” feature. Once you’ve set up your account, you’ll need to deposit funds to buy Litecoin with. We’ve listed out some popular ways to buy LTC and what you should know about each payment method. After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases. Whether you’re on the go, looking to implement a sophisticated trading strategy, or just trying to make your first crypto purchase, we have the tools for you to take control of your crypto journey.
In other words, eToro is more targeted towards traders than towards users who are looking to actually own their coins. Like a brokerage account, you can open a crypto account with an online or traditional broker offering cryptocurrency trading as an investment option. Some online brokerages require a minimum requirement in your account or additional fees to access crypto trading. Abra is a global crypto exchange serving individual and institutional traders in more than 150 countries.
How to buy Litecoin in 5 Easy steps
As Litecoin becomes more and more popular, the number of cryptocurrency exchanges that sell Litecoin is constantly increasing. We interviewed the following investing experts to see what they had to say about cryptocurrency exchanges. Finally, eToro offers something that many crypto exchanges don’t — stock and ETF trading. Users can exchange both full and fractional shares of stocks and ETFs without commissions. However, institutional clients can use expert insights, one-on-one consultations, account management support, and more. This includes trading for 75 cryptocurrencies, interest accounts that let you earn up to 10% on eligible assets, crypto-backed loans, over-the-counter (OTC) trading, and multiple educational guides for beginners.
In addition, rumors of a potential Litecoin Exchange Traded Fund (ETF) launching in the United States have further fueled optimism surrounding its future trajectory. The prospect of such an ETF underscores growing institutional interest in cryptocurrencies like Litecoin. Amid this rally, the buyers gave a decisive breakout from the overhead triangle https://www.tokenexus.com/ pattern on March 29th. This pattern developed for the past 2 years indicating a major-shift market dynamic. Despite the current market correction, the Litecoin price showcased a notable resilience above the $78 support level and rebounded with a 6.75% intraday gain. Make sure to withdraw the Litecoin from the exchange to your personal wallet.
Enter the amount of Litecoin you want to buy
The simpler algorithm that governs Litecoin’s network allows for faster transaction processing. Depending on network congestion, transactions on Litecoin are completed within seconds. My interest in financial markets how to buy litecoin and computers fueled my curiosity about blockchain technology. I’m interested in DeFi, L1s, L2s, rollups, and cryptoeconomics and how these innovations shape the blockchain industry as a growing global product.
- Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR.
- Then, once the transaction is complete, you can check to ensure it went through.
- It may also be helpful to note that despite Litecoin’s lack of attention-capturing headlines, LTC is the second most widely available and accepted cryptocurrency in the world, second only to Bitcoin.
- In this section, I’ll focus on the easiest exchanges to get started with, that also supply the widest variety of payment methods.
- This method allows you to put your Bitcoin to work and earn additional returns.
- Once you decide on an app or exchange for buying Litecoin, you’ll have to determine how to fund your purchase.
Depending on the app or exchange you’re using, the buy transaction could be as simple as a click, or you might have to enter the ticker (LTC) and indicate the amount you want to purchase. If you plan on using Litecoin as an investment, you’ll probably do better by opening an account at a crypto exchange. If you’re all-digital at heart and want to use Litecoin for payments, you can likely get by with a payment app or a Litecoin-specific app that lets you buy and sell Litecoin. You can buy Litecoin directly through other payment apps such as Venmo and PayPal or Litecoin-specific wallets, such as Litewallet, a mobile app available through Google Play. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations. These products store your private keys, similar to passwords, that allow you to spend or move your assets around.