Buy Litecoin - What it is & How to Buy

Want to get in on the crypto craze with Litecoin (LTC) but don’t know how to start investing? In this short guide on buying Litecoin, we’ll take you through the necessary steps to start trading LTC. 

Quick Summary

Buying LTC is easy; once you’re happy with the current Litecoin price, all you have to do is find the right crypto exchange, connect your preferred payment method, order the amount of Litecoin you want, and store it in your crypto wallet.

Best Way to Purchase

The best way to buy Litecoin is going to be through a trustworthy cryptocurrency exchange, like Coinbase.

How to Buy Litecoin

To buy LTC, you won’t go through stockbrokers. You’ll either purchase the cryptocurrency directly from someone else or use a cryptocurrency exchange. You can also buy Litecoin through a local crypto ATM.

Before You Order

Before you purchase any cryptocurrency, including LTC, you should be ready to provide some kind of verification or ID. 

1. Select an Exchange

The first step is choosing an exchange to order your LTC from. Some of the most popular ones are eToro, Webull, and Coinjar. However, our preferred exchange for buying litecoin is Coinbase.

2. Connect Payment Method

Once you’ve learned the current LTC price, you’ll need to connect the payment method you’d like to use to purchase your LTC.

Purchase with PayPal

To buy Litecoin with PayPal on Coinbase, complete the identity verification.

Then, go to Settings > Payment Methods > Link a New Account (on desktop) or Add a Payment Method (in the mobile app). Coinbase will prompt you to log into PayPal. 

From there, you can purchase LTC through your PayPal account as long as you’re a US customer.

Purchase with Credit Card

To order with a credit card, go to the Buy/Sell tab in your Coinbase account. Select Add a Payment Method and choose the Credit/Debit card option. 

After you verify your identity and enter your credit card details, you can start making purchases. 

Purchase with Debit Card

You can buy Litecoin with a debit card using the same process as you would when purchasing with a credit card.

3. Order LTC

Then, you can purchase your desired amount of Litecoin.

4. Store LTC

Coinbase offers an insured Litecoin wallet to keep your new cryptocurrencies safe, so you can  store your new Litecoins there until you’re ready to trade.

When to Purchase

It’s hard to say when the best time to purchase is. You can make the best decision by considering the following factors:

• The current price of LTC
• Price history
• How much is in circulation
• Developer and community activity
• Performance compared to other currencies

Summary

If you’re looking to invest in a cryptocurrency that shows promise and is affordable, we recommend Litecoin. It’s the choice for new investors that are ready to get serious about crypto as well as seasoned pros. 

Just remember to use a trustworthy crypto exchange (eToro review) for trading. Otherwise, investing won’t be worth it; you could be subjected to high fees or scammers elsewhere.

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