Litecoin has since become the ‘official cryptocurrency’ of NFL team the Miami Dolphins. On the flip side, this does allow you to buy Litecoin in the UK at a more favorable price. Additionally, Litecoin was priced at just $32 in March 2020, meaning that it has increased in value by over 130% in just 9 months of trading. Put simply, this meant creating a digital payments network that is faster and more scalable. In terms of the former, Litecoin is able to confirm a fund transfer in just 2.5 minutes, while Bitcoin takes 10 minutes. Litecoin’s aim is to offer fast and low-cost transactions while maintaining a high level of security.

The Coinbase exchange offers over 100 tradable cryptocurrencies, including the most popular, such as bitcoin, ethereum, and dogecoin. The first one is to choose to place an order (open the “order” menu). The second one is to trade at the current price (select the “trade” menu). By default, you will see the “trade” option in the trading window.

Buy Litecoin With Debit Card

On top of low fees and affordable minimums, eToro is great if you want to invest passively. When it really comes to it, you need to consider what Litecoin actually offers in terms of real-world usage. Sure, it is a decentralized payment network that supports fast, cheap, and secure transactions. But, it’s highly unlikely that we are ever going to see mainstream usage of Litecoin. Instead, by using an unregulated exchange, there is every chance that you will get scammed. Even if the exchange does have good intentions, time and time again we hear about platforms getting hacked and users losing their funds.

• Working with Changelly is a pleasure, thanks to their professional and courteous approach.
• Once you’ve set up your account, you’ll need to deposit funds to buy Litecoin with.
• Once your account has been verified, click on Deposit Funds on the left pane of your dashboard.
• Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds.
• Another way to buy crypto is through crypto exchanges, which make matches between buyers and sellers.

It, however, has some slight distinctions, such as cheaper and faster transactions. Litecoin is a peer-to-peer cryptocurrency that can be used to make and receive payments on the internet without the need for an intermediary. The digital currency exists on the Litecoin blockchain, a derivative of the flagship Bitcoin blockchain. Click the [To] field to open a menu of options of the different assets supported by Uphold, including precious metals, cryptocurrencies, and stocks.

A Guide to Litecoin (LTC) Crypto

This means that you can buy Litecoin in the UK without needing to break the bank. It’s not just Litecoin that the platform offers, as eToro supports plenty of other digital currencies. This is inclusive of BItcoin, EOS, Cardano, Ethereum, Ripple, Uniswap, AAVE, and many others. When it comes to fees, eToro doesn’t how to buy litecoin charge any commission – as it operates a ‘spread-only’ pricing model. If you’re based in the UK and you want to buy Litecoin, you have heaps of platforms to choose from. However – and as we have stressed throughout this guide, you need to spend a bit of time exploring the credibility of your chosen platform.

Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past). Once you decide on an exchange, open an account and buy your Litecoin. Make sure to withdraw the Litecoin from the exchange to your personal wallet. The company is well-established and has been selling cryptocurrencies since 2012.

The Cost of Buying Litecoin

Since Ethereum shifted to proof-of-stake (PoS), Litecoin has moved up the proof-of-work (PoW) ranks, grabbing significant investor attention. But before you jump in blind and buy litecoin, you should first understand how https://www.tokenexus.com/ Litecoin works, the size of the ecosystem, and why LTC is popular. Litecoin is highly volatile, which means its value can change in a few hours. The easiest way of making money with Litecoin is to buy low and sell high.