"Digital silver", Bitcoin's little brother, one of the first altcoins. All these are different names for the same digital asset - Litecoin (LTC). Originally conceived as an alternative to fiat for daily transactions, it is now most commonly used for investment and trading.
Litecoin is a time-tested cryptocurrency that has proven its reliability. It is also cheaper, more stable than its counterparts and shows less volatility than traditional assets. However, like most cryptocurrencies, it has a huge speculative value.
It, like other altcoins, can be bought on exchanges or exchangers. We have collected for you the 3 most convenient and reliable platforms for buying.
How to buy Litecoin (LTC) on Binance
Binance is an international cryptocurrency exchange, which is the leader in terms of trading volume. LTC can be bought through: credit/debit card, bank account replenishment, P2P exchange, etc. In this article, we will analyze the 1st method.
In order to buy LTC you need to:
1. Download the Binance app on your phone;
2. Open the application and register;
3. After registration, we pass verification;
4. Click "Buy cryptocurrency";
5. Choose the currency in which we will pay and enter the amount for which we will buy;
6. Choose "Debit/credit card" in the payment method;
7. Enter your card details and click "Confirm";
8. Confirm the write-off in your banking application;
9. Check whether LTC has been received on the wallet.
Note that Binance itself recommends buying LTC with stablecoins for better coin compatibility.
How to buy Litecoin (LTC) at Any.Cash
Any.Cash is a multi-currency crypto wallet in Telegram. It has convenient functionality that makes buying cryptocurrency affordable. A big plus is that it is reliable and safe, not only the purchase process, but also storage. All assets are protected by a new encryption system.
In order to buy LTC you need to:
1. Go to the Telegram-bot and increase the limits, depending on your needs;
2. Make a deposit to the wallet: "💼Wallet" → "📥Deposit";
The deposit method depends on the chosen currency:
🇺🇦 UAH: WhiteBit, KUNA, Visa or MasterCard
🇺🇸 USD: capitalist, ADVCash, Perfect Money
🇪🇺 EUR: Perfect Money.
3. Buy LTC for this money. Choose “📊Exchange” → “📈Buy” → “🔹LTC”;
4. Choose the exchange direction;
5. Enter the desired amount and confirm the exchange;
6. Wait for LTC to be credited to the cryptowallet.
How to buy Litecoin (LTC) on Coinbase
Coinbase is the second largest cryptocurrency exchange in the world. It is the most conservative and law-abiding exchange. It works only according to the rules established by regulators.
In order to buy LTC you need to:
1. Create an account;
2. Go through the verification process;
3. Add a payment method;
4. On Coinbase.com, click "Buy and sell";
5. Choose Litecoin from the list of assets;
6. Enter the amount to be purchased;
7. Check the details and click "Buy now";
8. Wait for the transaction confirmation.
Conclusion
Trading cryptocurrency is becoming as easy as paying a subscription on your phone. But don't forget that you need to protect your money. Choose only reliable and trusted exchanges, exchangers and wallets. The responsibility for your digital assets lies only on your shoulders.
