If you want to pay using another method, you can always purchase Bitcoin and then use a crypto-to-crypto exchange to buy Litecoin in the UK. The most common decision is to buy from a cryptocurrency exchange, some of which will accept GBP while others only accept USD or EUR. Any investor can accept LTC once he or she provides their cryptocurrency wallet address, through which a third party can transfer LTC.
In this guide I will review the various ways you can buy Litecoin online and offline, as well as how to store it.
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You can find information about the current market capitalization of cryptocurrencies as well as their 24-hour performance. Coinmama allows you to instantly buy Litecoins with your credit card, debit card or a wire transfer, including SEPA/Swift transfers. They accept users from most countries around the world (but excludes the US states of New York and https://www.tokenexus.com/ Hawaii). Cryptocurrency offers the advantages of having no middlemen like banks, but it also comes with the responsibility to secure your own funds. If they are hacked or stolen, there is no one you can complain to. It offers a user-friendly interface, secure transactions, and a wide range of cryptocurrencies to choose from, including Litecoin.
With support for both Visa and MasterCard, users can easily acquire LTC with their preferred payment method. Once acquired, you can store your Litecoin in a personal crypto wallet for added security or keep it within your Binance account. Additionally, Binance provides options for active trading, allowing you to exchange your Litecoin for other cryptocurrencies and passive income generation through Binance Earn. If you’re considering transferring your Litecoin to a decentralised exchange, you may want to explore Trust Wallet, a platform that supports a wide range of assets and blockchains.
Plus500 – Regulated Platform Offering Different Asset Classes
All digital currencies use blockchain technology, and the underlying framework of this solution rides on transparency, meaning all transactions are open to public scrutiny. So your Litecoin transactions will be shared and traceable by everyone worldwide. So if you are uncomfortable with this, you should reconsider buying Litecoin. One of the major things to take into account is the institutional interest in Litecoin. 2020 was not a successful year for the cryptocurrency compared to BTC, whose price increased a few months after its halving event.
- CEX.IO is a regulated crypto platform that established itself as a reliable platform to store and trade cryptocurrencies.
- So if you want to use the crypto exchange to buy crypto with a debit card, you could discover the platform provides such services to U.S. customers.
- Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications.
- A VPN is simply a secret virtual connection for your crypto trading.
- But you need to do your own research and take experts’ opinions on how the bear market will end, what the expectations are regarding the prices of crypto, etc.
- For example, if you simply buy Litecoin and hold onto it, you won’t owe any tax.
Before you invest your money, know the risks of cryptocurrency and keep your investment to a small amount of your net worth. If you plan on using Litecoin as an investment, you’ll probably do better by opening an account at a crypto exchange. Investors can buy LTC with several different traditional ‘fiat’ currencies on a number of different crypto exchanges, Coinbase being one example. Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in cryptocurrency.
Where can you buy Litecoin?
This way, you can make early entry points and turn out a profit if your forecast is right. For instance, if you bought LTC at $100 and the price surged to $168, you would have made a $68 profit. You can also utilize leverage to increase your possible returns. Long-term holding is highly profitable, which is the best strategy for several investors. The technical indicators predict that Litecoin can hit $200 in 2025 and be traded at $237 for its maximum price. The minimum price of Litecoin is expected to be $199, and the average trading price for 2025 is predicted at $205.
We covered how to buy Litecoin with GBP and exchanges where you can do so. Lastly, we mentioned supported payment methods and offered guidance on how to store your Litecoins and protect them from predators. At the time of writing, Binance does not require a KYC process if you’re only going to trade cryptocurrencies and not exchange them for fiat currencies. Wirex is an application that lets users manage and exchange both fiat and cryptocurrencies. In 2018, Wirex added Litecoin to its list of crypto assets, letting users convert GBP, EUR, and USD to Litecoin directly. With over 30 million customers, Coinbase is one of the most popular cryptocurrency exchanges.
Step 3 – Withdraw Your Litecoin
However, Litecoin experienced a successful recovery in 2023 and marked its previous price high of $100. The coin witnessed an impressive surge on July 4th, soaring to a 14-month high of $114. In just one week, Litecoin outperformed the broader cryptocurrency market by surging how to buy litecoin nearly 30%. The value of digital currencies can go up or down frequently…. Revolut does not allow you to trade crypto directly on the platform; you can only buy, transfer or withdraw crypto here. The platform provides access to loans and phone and travel insurance.
AvaTrade also offers users access to various forex trading tools such as advanced order types, technical indicators, and chart drawing tools. It also has a demo account option where no deposit is required to start trading. These platforms have been carefully selected and reviewed as the best brokers to buy Litecoin. These factors include a healthy mix of fees, user-friendliness, payment methods, etc. Our list of the best platforms to buy Litecoin offers traders cutting-edge trading tools and a wide selection of tokens. If you’re wondering where else you can buy Litecoin (LTC) with a debit card besides StormGain in the UK, a few alternative options are available.
