Best way to buy litecoin reddit

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Over businesses worldwide are accepting Litecoin, according to the Litecoin Foundation. On August five, Litecoin experienced a halving in which the rewards received by miners to process transactions was reduced from 25 LTC per block to This is very bullish for the digital asset that continues expanding around the world.

As one of the most popular, longest-standing cryptocurrencies, almost all leading wallet providers support Litecoin. Another option is Loafwallet , an open-source, standalone Litecoin wallet built by Litecoin founder Charlie Lee. To keep Litecoin and all your other coins in one place, you should get a secure, reputable multi-currency wallet. Jaxx and Coinomi offer great, user-friendly wallets for mobile or desktop. While a hardware wallet such as the Ledger Nano S provides the ultimate in security for your crypto.

Skipping the middleman and mining Litecoin yourself takes considerable resources and significant upfront investment. If you have to get your hands on Litecoin and participate in the digital economy right now, here are five of the best ways to get started. Binance is one of the largest and most popular exchanges in the cryptocurrency market and it allows users to buy Litecoin and also a wide range of virtual currencies.

This cryptocurrency exchange is also offering a basic and an advanced trading platform in order to help users deal with digital assets according to their needs. A large number of trading pairs in this exchange makes it very useful for those traders that want to purchase Litecoin and also other altcoins.

Once the user purchases the virtual currency, he can send it 1to his wallet after paying a small withdrawal fee. Coinbase also keeps your funds in a wallet on their platform which is not ideal. But all funds are insured by Coinbase against security threats. Kraken is a sophisticated exchange, which allows users to buy Litecoin or another cryptocurrency, and to trade crypto on margin.

So users of these currencies can get into Litecoin by purchasing Bitcoin, and then trade for LTC on the same platform. Operating since , European-based Bitstamp is a time-tested platform for users wishing to trade major coins with high liquidity. But the convenience of Coinmama makes it a great place to buy your first crypto. Huobi has been one of the leading crypto exchanges in the world for a number of years now.

Founded in China in , it is now based in Singapore, with offices all over the world. Right now, you cannot buy Litecoin directly with fiat. However, you can easily buy any of these coins and then exchange for Litecoin on Huobi Pro, their high-level, popular crypto exchange platform. However, Coinbase fees are expensive compared to other exchanges.

Credit card deposits on the platform attract a 3. Although Coinbase has high fees, the platform is a preferred choice for many due to the ease of use and speed. KuCoin is another global digital currency trading platform with a significant amount of liquidity. The exchange supports the buying and selling of several cryptocurrencies, including litecoin.

You can buy litecoin on KuCoin using credit cards. Kraken is a San Fransisco based exchange that is one of the largest cryptocurrency exchanges in Euro volume. Fees you pay on Kraken depend on your trading volume from the last 30 days. The initial spot trading fee for new users is between 0. Changelly is a quick and relatively anonymous cryptocurrency exchange. The platform is known for its swift crypto to crypto exchange service.

Recently, Changelly has added the option to purchase cryptocurrencies like litecoin directly with a credit card. According to the site, trades in dollar and euro come with a 0. However, the fees vary depending on the method of payment and currency. Users mostly prefer ATMs because transactions are anonymous and convenient, especially when traveling.

Buying cryptocurrencies with PayPal is not cheap. It usually involves a lot of fees and complicated processes. Yes, you can buy Litecoin with a credit card. Several exchanges allow you to use credit or debit cards as your method of payment when purchasing litecoin. Yes, you can buy litecoin with bitcoin. Just like other cryptocurrencies, the Litecoin price is volatile. Whether or not the price will go up is not definite. However, the litecoin price is controlled by a free market that reacts to market sentiments.

Also, the supply and demand of litecoin affect the price. You should conduct your research on the potential price action of Litecoin instead of following others. You can earn litecoin by mining litecoin or using platforms that pay you in litecoin LTC.

Litecoin Faucets pay you small amounts of litecoin every day for viewing ads. Litecoin continues to stay relevant as a cryptocurrency. At the time of written Litecoin is part of the top 10 cryptocurrencies in the world based on market capitalization. Whether or not you should purchase litecoin is up to your preferences and financial intentions. You should conduct your research and invest wisely. If you have used any other method to buy litecoin recently, let us know in the comments section below.

Elisha has been spreading cryptocurrency since and is working to bring in more adoption and people from Africa. Elisha has contributed to other cryptocurrency and financial sites including bitcoingarden. Cryptocurrency and blockchain news by Africa for Africans: We provide the latest news, updates, and developments from the African continent. Disclaimer: Information like articles, reviews, and tutorials found on BlockNewsAfrica is not investment advice.

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Select a litecoin exchange: Binance , KuCoin , Kraken. Make your deposit and trade. Withdraw your litecoin from exchange to the wallet. What is Litecoin? How To Buy Litecoin Before you buy litecoin, you will need to have a litecoin wallet to store your litecoin after the purchase.