How to Buy Litecoin LTC With Credit & Debit Card Instantly

In the US, tax obligations also apply to mining, professional Litecoin trading and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the IRS. BPay is an intuitive, secure, and instant way to purchase cryptocurrency. Whether you want to buy a little or a lot, BPay makes it easy to schedule regular payments and make everyday crypto purchases. The only other way to get hold of Litecoin is to trade it for another cryptocurrency like bitcoin. If you do have some alternative tokens you want to trade, you can use asset exchange websites like ShapeShift or Changelly for a more automated experience.

How to Buy and Store Litecoin (LTC): A Comprehensive Guide

• If you want to use it for payment, it’s a good idea to consider where you can spend it and why you view it as superior to traditional currency and other cryptos.
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• Once you’ve set up your account, you’ll need to deposit funds to buy Litecoin with.
• EToro also allows you to short a certain currency if you think its price will drop.
• The feature is only supported with a credit/debit card payment method.
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In addition, each crypto exchange has its own set of supported digital assets, fiat currencies, and payment options. That is why if you consider using the centralized crypto exchange to purchase cryptocurrency, make sure that your country and preferable asset is supported on the crypto exchange. Centralized exchanges offer a structured and regulated platform for buying, selling, and trading cryptocurrencies, including Litecoin. These exchanges provide a user-friendly interface, various trading tools, and a secure environment to engage with digital assets. 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, credit or debit card.

Litecoin exchanges

If we show a “Promoted Pick”, it’s been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive. If you’re ready to get started, https://www.tokenexus.com/ read on for step-by-step instructions and a list of platforms you can use to buy Litecoin in the US. We are here to help you 24/7 with any challenges that you might face using our services.

More cryptos to buy

NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The Litecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items. Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.

• In this section, I’ll focus on the easiest exchanges to get started with, that also supply the widest variety of payment methods.
• We may also receive payment if you click on certain links posted on our site.
• If you want more information you can read my Exodus review or my Edge review.
• Note the terminology of “trading pairs,” which comes up quite often on crypto exchanges.
• Litecoin’s average block time is 2.5 minutes, while Bitcoin has 10 minutes.
• EToro is a popular and well-established cryptocurrency trading platform that makes it easy for you to invest in Litecoin and other cryptocurrencies for fiat currency (i.e. Dollars, Euros, etc.).

Where to keep LTC?

Some platforms only offer 1 way to buy Litecoin, while others provide several choices. The 2 most common ways to buy LTC are on the spot market or with an “instant buy” feature. With a convenient iDEAL payment service, you can have your Bitcoins or Ethereum bought in no time! Payments with iDEAL are made using the mobile banking app or your own online banking system. Select the crypto you’d like to purchase, the fiat currency you want to buy crypto with, and your country of residence. Users can choose different types of wallets such as paper wallets, hardware wallets, online wallets, or mobile wallets.

Why should I try the CEX.IO mobile app to buy LTC?

• We are here to help you 24/7 with any challenges that you might face using our services.
• The only other way to get hold of Litecoin is to trade it for another cryptocurrency like bitcoin.
• Uphold makes it easy to buy, sell and exchange assets within the same category or across varying categories.
• Paying in cash will be your only option unless you already own crypto.
• Buying Litecoin on PayPal represents a convenient option for users seeking a straightforward and secure method to invest in cryptocurrencies.