As such, many investors go into it not because they have an idea of all it entails, but because they don’t want to be left out. For instance, there could be an organized critique of the blockchain, leading to the sale of assets by key investors which could, in turn, lead to the crash of the market. While Litecoin is a payment mechanism just like Bitcoin, many others provide more utility than a payment.

One of the platforms that accept PayPal transfers for the purchase of cryptocurrency is Cryptex24. EToro is another platform that enables Litecoin trading, however, we advise against using this platform as it won’t give you direct control over your digital assets. If you want low fees when buying Litecoin, use a debit card as a deposit method on Coinbase how to buy litecoin because they do not apply a deposit fee. 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. Being the largest crypto exchange in the world, Binance can help you acquire Litecoin tokens within a few simple steps.

Litecoin Vs. Bitcoin

Buying Litecoin has never been easier for your average Joe Public. Simply sign up to a regulated online broker offering Litecoin – create an order, and specify your stake value. Litecoin ATMs can be found in shops, airports, and streets just like traditional ATMs.

• You will also have to specify the payment method and the asset you wish to buy.
• It has a strong developer team and a loyal community which makes it a good long-term investment.
• Hence it is said that it is dangerous to store your crypto on an exchange.
• You’ll feel like you’re part of a bustling trading floor with their user-friendly platform.
• Select the desired amount of LTC to invest and choose the duration period.
• If you plan to make additional purchases in the future, you can also choose to deposit then store funds in your Coinbase account to make instant transactions in the future.

The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. The top platform to buy LTC in the United Kingdom is Coinbase, owing to its straightforward buying process. You can also try out Coinbase Pro if you want to use advanced trading tools. Non-fungible Tokens (NFTs) come in different forms like tickets, digital art, and online land. This technology lets you generate a completely unique token that cannot be copied by another individual.

What will I need to buy Litecoin?

The company was founded in late 2014 and has since grown to become one of the more popular options to purchase cryptocurrency around Europe. Like precious metals like gold and silver in the traditional financial market, Litecoin is considered an attractive store of value. It is often referred to as the “silver to Bitcoin’s gold” and enjoys this status due to its finite supply and lower fees than Bitcoin. However, it’s important to note that Litecoin’s price remains lower than Bitcoin’s due to its higher supply. As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content.

Compared to Litecoin, the network is on the frontier of a new blockchain ecosystem and may likely continue its upward climb. Ethereum builds an entirely different blockchain ecosystem and is the alpha blockchain network in decentralized finance (DeFi). Given this, it occupies the second position on the crypto chart with an 18.5% share of the crypto market. Cryptocurrencies have been called a bubble waiting to explode, and that has been for a good reason. The 2017 crypto market crash and the recent May downturn show that the space is still in its infancy. So, before putting your hard-earned cash into crypto, conduct thorough research on the assets.

Is It Still Worth Investing in Litecoin or Not?

As one of the oldest cryptocurrencies, it has gained widespread acceptance and adoption as a payment method by businesses, consumers, and payment gateways. Its strong rate of adoption makes it an attractive investment option to consider. Binance is the best option for buying Litecoin with a credit or debit card because of its premium trading software.

As the halving approache­s and more institutional interest in cryptocurre­ncies emerge­s, Litecoin’s price surge has garne­red significant attention. Both traders and inve­stors eagerly anticipate https://www.tokenexus.com/what-can-i-buy-with-bitcoin-how-to-do-it/ the­ outcome of the halving eve­nt, engaging in speculation about its potential to furthe­r boost LTC’s price. As with any asset, the values of digital currencies may fluctuate significantly….

Litecoin (LTC) Price and Market Capitalisation

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.

Our guide focuses on eToro as it is our overall best place to buy Litecoin in the UK. However, these steps can be applied to other crypto exchanges in this guide. Although Uphold doesn’t offer savings accounts, you can stake more than 20 altcoins to earn rewards of up to 25% APY in weekly payments.