The platform uses industry-leading security practices, such as two-factor authentication and cold storage, to protect your investments from hackers and other threats. The platform is regulated by the Financial Conduct Authority (FCA) in the UK, which means that you can trust that your investments are secure. If you’re located in the United Kingdom and interested in purchasing Litecoin, one of the leading cryptocurrencies, my article will guide you on the best places to buy Litecoin. Don’t invest unless you’re prepared to lose all the money you invest. You will also have to specify the payment method and the asset you wish to buy.
- Top crypto platforms such as Capital.com allow investors to create a new account in just 5 minutes, and give your trading access to Litecoin and several other cryptos.
- Litecoin transactions are carried out on a wallet-to-wallet basis.
- Coinbase offers multiple approved payment methods to buy crypto now, including bank accounts, debit cards, and wire transfers, allowing users to choose the best option.
- Litecoin is highly volatile, which means its value can change in a few hours.
- A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
- A potential complexity of trading in crypto is that these assets may change in value at different rates.
You can use your exchange account or a portfolio monitoring app to screen your Litecoin holdings and make informed buying, promoting, or preserving choices. Most exchanges accept deposits how to buy litecoin from currencies like USD, EUR, or other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). Paxful is an easy-to-use peer-to-peer trading platform with a lot of payment options.
Select a Cryptocurrency Exchange for Litecoin
The repeat buys feature allows Uphold users to set up a regular purchase of the desired asset such as Litecoin. The feature is only supported with a credit/debit card payment method. Uphold is a multi-asset trading platform with support for stocks, precious metals, national currencies, and cryptocurrencies. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
- He has been using Bitcoin since 2013 and began working in the industry in 2017.
- The crypto aims to be a global digital payment designed for everyday transactions with its faster speed and lower costs.
- When the pseudonymous Satoshi Nakamoto introduced the premier digital asset in a whitepaper, digital currencies were still a fantasy.
- Many top crypto exchanges and platforms allow users to buy Litecoin.
It’s available for purchase and trading in some of the leading crypto exchanges and can be stored in most cryptocurrency wallets. 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. Beyond availability, you’ll want to compare the best cryptocurrency exchanges for qualities such as fees, security and simplicity. PayPal’s global reach is a major plus for anyone who wants to buy Litecoin. Currently, PayPal does not offer direct purchases of digital currencies through its platform, although you can make payments with your digital assets on PayPal.
What can I do with Litecoin after I buy it
Then click “Transfer to Wallet” and the specified amount to send. Click “Trade” and input how much money you want to convert to LTC. These platforms have various fees and deposit/withdrawal limits, but they are all within reasonable limits. The platforms listed on this page are ones that we found to be the best at the features we listed them under e.g. cheapest way to buy Litecoin. Once you sell your Litecoin, you could owe Capital Gains Tax on the profits.
Alternatively, if you wish to deposit funds from your bank account, you can connect it to your Uphold account by clicking on the [+] icon next to ‘Banks’ as shown above. To add a payment method, tap or click on the [From] field of the transaction form to reveal a drop-down list of options to use. To reduce these risks, you can opt for more established and trustworthy exchanges. In this guide, we have chosen Uphold as one of the few fully-regulated brokerage and exchange platforms to buy Litecoin. Once you’ve funded your account, you’re ready to make your first Litecoin purchase.
Buy Litecoin in the UK
If you’re just starting out, it will probably be better if you use the brokerage service since it’s simpler than the trading platform. The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline. Exit scams occur when a cryptocurrency trade or platform shuts down and takes the user’s Litecoin with them. Pump-and-dump scams contain a collection of people working together to artificially inflate the price of a cryptocurrency, along with Litecoin.
Due to its long history, it has received many upgrades, experienced multiple bull runs, and gathered a loyal community. This guide covers the best platforms for investing in Litecoin, the top wallets to use, and the fees you’ll encounter. You’ll also discover alternative ways to earn money from LTC in this post. Litecoin employs blockchain technology that enables secure and transparent transactions.
What to Keep in Mind Before Buying Litecoin?
Currently, Litecoin (LTC) ranks 10th in terms of market cap ($3.3bn) at this writing time. Due to its popularity, it’s good to mention how an investor can buy Litecoin https://www.tokenexus.com/ in the United Kingdom and why Litecoin can be an excellent investment opportunity. Then deposit money into your account using one of the multiple payment methods.
Our favourite platform for buying Litecoin in the UK is eToro, as it is rich in features and intuitive to use. By adding Litecoin to your watchlist, you can keep up with its price action. You can also find the tools and information you need for analysis in the News, Research, and Stats tabs.
Where else can I buy Litecoin (LTC)?
The May crypto market crash was a case in point, which wiped off 50% of the crypto market valuation in one week. This was due to a regulatory clampdown by Chinese authorities on crypto mining in its Inner Mongolia regions. Bitcoin and Litecoin plummeted in value, slumping to $113.16 on July 19. Although Litecoin has recovered somewhat in the last few weeks, you must keep its volatile nature in mind.
- Don’t make crypto your retirement fund, and definitely don’t use crypto as your emergency fund.
- Discover the top platforms that offer a seamless entry into the world of Litecoin, ensuring a secure and convenient experience.
- With Kraken, users can pair LTC with several fiat currencies, not just the U.S. dollar.
- Experienced traders can also use Coinbase’s professional platform, Coinbase Pro.
- An alternative to PayPal is to use your credit card to purchase Litecoin.
- Edge on the other hand is only available on mobile, with both iOS and Android apps available.
- Using one of the deposit methods available, deposit funds into eToro.