On Bitfinex, the process is simple and straightforward, with different payment methods and platforms to accommodate your needs. Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income. If you would like to trade your Litecoin to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.
Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs. Transfer fiat currency from your bank account to Binance, and then use the amount to buy Litecoin . Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication.
How to check LTC prices?
You can use Bitfinex mobile to buy cryptocurrency while on the go. Once the funds arrive in your wallet, you can use them to buy LTC. Litecoin was invented in an effort to create an alternative cryptocurrency similar to Bitcoin. Charlie Lee, a computer scientist, took Bitcoin’s core code and made modifications to them. He launched the project in October 2011 through a message he posted on a Bitcoin forum.
However, Litecoin differs from Bitcoin in several major aspects. For example, Litecoin uses another hashing algorithm for mining to reduce the effectiveness of specialized mining equipment. Litecoin’s average block time is 2.5 minutes, while Bitcoin has 10 minutes. In addition, Litecoin has a four times bigger max supply compared with Bitcoin cryptocurrency.
Beyond availability, you’ll want to compare the best cryptocurrency exchanges for qualities such as fees, security and simplicity. If you consider purchasing LTC, make sure to do your own research towards current market conditions and further Litecoin potential. Like many other cryptocurrencies, Litecoin is a volatile asset, so entry points and time of purchase remain important for short and long-term investors. A crypto exchange is one of the best places to buy cryptocurrency.
A few hardware wallets that support LTC include Leger, Trezor and BitBox. Created by Charlie Lee in October 2011, Litecoin was one of the first cryptocurrencies to launch after Bitcoin. The crypto aims to be a global digital payment designed for everyday transactions with its faster speed and lower costs. Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.
C. Third Party Payment
Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Our multi-tier & multi-cluster system architecture and SAFU insurance fund protect your account. If you’re new to crypto, you might not be used to having choices for where to “store” an asset. When your purchase is complete, you might own full Litecoins or partial coins. For example, if Litecoin is trading at $100 and you want to invest $50, you’ll own 0.5 LTC. With Kraken, users can pair LTC with several fiat currencies, not just the U.S. dollar.
The token is widely available and traded in many major cryptocurrency exchanges, such as Bitfinex. If you plan on using Litecoin as an investment, you’ll probably do better by opening an account at a crypto exchange. If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card.
In the case of LTC/USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. With CEX.IO mobile app, you can monitor your crypto portfolio anytime and buy cryptocurrency on the go. Using CEX.IO mobile app you will get access to some exclusive services that could expand your crypto experience. Pay with LTC — a lot of merchants accept Litecoin as a payment option, meaning you can use purchased crypto to pay for different goods and services.
What could be the best way to buy Litecoin?
Similarly, Litecoin is also designed to be a deflationary asset, with only 84 million LTC tokens that will ever be created. You have 1 minute to confirm your order at the current price. After 1 minute, your order will be recalculated based on the current market price. There are multiple options for third-party payment channels. Please, visit the Binance FAQ to check which ones are available in your region.
If you want to receive notifications when the LTC price reaches specified levels, you can use the CEX.IO mobile app. Litecoin is one of the oldest cryptocurrencies, it has gained significant support from the crypto community, and has one of the highest adoption rates among merchants. Litecoin is usually described as one of the most popular Bitcoin forks ever. Litecoin pioneered such technologies as Lightning Network and Segregated Witness which were then adopted by Bitcoin.
Buy bitcoin with a credit card or use other fiat payment methods. Many exchanges that trade LTC will let you store your crypto. A couple of crypto exchanges include Coinbase and Uphold. Note the terminology of “trading pairs,” which comes up quite often on crypto exchanges.
Most of the popular crypto exchanges have built-in digital wallets where you can store your Litecoin and other crypto purchases. Some folks prefer to store their crypto in a separate digital wallet that’s not linked to the internet to help keep their crypto safe from hackers. Once you decide on an app or exchange for buying Litecoin, you’ll have to determine How to fund your purchase. If you’re using a payment or Litecoin-specific app, you can fund your account by linking a bank account or debit card. You’ll also want to ensure that the crypto exchange you choose offers Litecoin, which won’t be too difficult since it’s a popular digital currency.
When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. LiteBit offers multiple payment methods, like creditcard and SEPA payment. Trade page, find multiple crypto-to-fiat and crypto-to-crypto markets available for Litecoin.
After that, enter the amount in the selected primary currency and confirm the transaction. Your local currency will be converted based on your bank conversion rates and the purchased amount of crypto will appear in your CEX.IO balance. Litecoin has many similarities with Bitcoin since it is also one of the first Bitcoin forks. Like Bitcoin, Litecoin cryptocurrency is predominantly used as a means of payment to conduct international transactions.
You can pair LTC with the euro, the British pound, the Australian dollar, and the Japanese yen, to name a few. Crypto trading to benefit from the LTC price volatility. Withdraw your LTC by sending them to any Litecoin wallets you have with ease.