The crypto currency Litecoin (LTC) is confusingly similar to Bitcoin : Litecoin also wants to establish itself as a means of payment , manages all transactions via a peer-to-peer network and uses blockchain technology.
Like Bitcoin, Litecoin can be exchanged for real money on a number of crypto exchanges.
The Litecoin blockchain does not generate new blocks every 10 minutes, but every 2.5 minutes, which means that it generates four times as many coins as Bitcoin .
Reason enough to invest in Litecoin .
Buy Litecoin: What should you look out for in order to buy Litecoin cheaply and safely?
How to buy Litecoin ? Instructions for beginners with eToro:
Now we are going to show you how to get Litecoin into your portfolio. We use the broker eToro for this, as it offers the unique advantage that you can buy both real cryptocurrencies and CFDs – thus combining the advantages of a broker and an exchange.
We will go into the difference between a broker and an exchange below.
First step: Registration with a broker or a crypto exchange
First, you register with a broker or a crypto exchange.
For our example we have chosen eToro because we can hold Litcoin here as well as acquire Litecoin derivatives for speculation .
First we click the link to register for eToro:TO THE ETORO REGISTRATION FORM
In the form we enter username, email and password and accept the terms and conditions:
We then receive an email for verification in which we click on the link to confirm the account.
Second step: top up your account
In the next step we have to top up our account with money in order to be able to buy LTC. To do this, we click on the “Deposit money” button at eToro:
Then we select the amount and the method of payment with which we would like to deposit and then click on the “Send” button to deposit the amount.
Buy LTC with PayPal, Sofortüberweisung and more
In our example we show the purchase with a credit card. eToro also offers other deposit options :
|Buy Litecoin with a credit card||✔️|
|Buy Litecoin with PayPal||✔️|
|Buy Litecoin with SOFORT transfer||✔️|
|Buy Litecoin with Rapid Transfer||✔️|
|Buy Litecoin with Skrill||✔️|
|Buy Litecoin with bank transfer||✔️|
|Buy Litecoin with Neteller||✔️|
|Buy Litecocin with UnionPay||✔️|
Third step: Buy Litecoin online with euros
Now that we have topped up our account, we can begin the actual LTC purchase . To do this, we click in the search field above and enter “IOTA” there.
Then we click on the “Trade” button:
The purchase window then opens. Here we have the following options:
- Buy or sell : In our case, we have to select “Buy”
- Trade or orders : Here we can choose whether we want to execute the trade immediately (trade) or with a delay (order).
- Amount : How many LTC Coins we would like to buy
- Stop Loss and Take Profit : At what loss or profit our position should be automatically sold.
- Leverage : With what leverage we want to buy Litecoin. With lever X1 we buy real Litcoin , with lever X2 we buy leveraged Litcoin CFDs .
After we have configured all options, we click on the ” Open Trade ” button to complete the purchase.
Then we have the LTC in our portfolio, the purchase is complete!TO REGISTER WITH ETORO
Broker or stock exchange where is the best place to buy Litecoin?
A further distinction between Litecoin and Bitcoin consists in measures that Litecoin a centralization of the mining prevent attempted.
For this purpose, the Altcoin (for the meaning, see Buying Altcoins ) relies on a function that is supposed to facilitate mining with commercially available hardware (especially GPUs). Nevertheless, ASIC-based miners have been around for a long time that achieve hashrates comparable to GPUs – but with a fraction of the power consumption.
Litecoin was released in October 2011 by developer and former Google employee Charlie Lee. In terms of market capitalization , Litecoin is the eighth largest cryptocurrency on the market at around $ 1.8 billion in December 2018 .
In May 2017 implemented Litecoin first cryptocurrency the update Segregated Witness (short: SegWit), which was originally designed to address weaknesses in the Bitcoin source code. SegWit also increases the scalability of blocks in the Bitcoin or Litecoin blockchain.
Shortly afterwards, the first crypto transaction was carried out with Litecoin via the Lightening Network: 0.00000001 LTC were transferred from Zurich to San Francisco – in less than a second.
Buying Litecoin – Popular Alternatives
Buy Litecoin Germany: If you want to get into Litecoin trading, you have to choose between a variety of exchanges.
What you want to pay with plays a role: Do you want to pay Litecoin with Bitcoin , or do you prefer to pay in euros via an instant transfer? Two of our recommended exchanges are presented below: One for the first, one for the other payment option. We will guide you through the entire process.
Instead of buying Litecoin , you can also rely on price fluctuations . This works via derivatives that certain crypto brokers offer.
To do this, we advise you to deal with the market on a regular basis. You should only invest as much money as you are willing to lose.
Our instructions expressly do not represent a purchase recommendation and serve only as a guide.
The largest crypto exchange: Binance
Getting started with trading Litecoin is particularly quick via Binance . Unlike most crypto exchanges, Binance does not require you to be verified . Do you have some Bitcoin ready by now?
Very good: Then just read on to get your first Litecoin particularly quickly.
- Cheapest supplier on the market
- Very good interface
- No verification required
- Serves a huge number of altcoins (including Litecoin)
- Compatible with various browsers, Android, HTML5, WeChat and other platforms
- Very fast transaction speed
- Real money deposit not always possible
- Not enough trading option (only supports “Limit” and “Market” orers)
- Headquarters in Hong Kong
Buy Litecoin with Binance in 3 steps
Step 1: the registration
Buying Litecoin with Binance first and foremost requires you to register with Binance: Create your account using this link. After you have entered your details, you will receive an email with an activation link.
Follow the link in the email to activate your Binance account.
2-factor authentication provides extra protection
If you like, you can now set up two-factor authentication to better protect your Binance account. The two-factor authentication increases the security of your Binance account significantly. But you can also wait and do the 2FA activation later via your account settings.
The Litecoin Buy without verification is possible with Binance.
Step 2: deposit
Now transfer a BTC amount from your Bitcoin wallet or another exchange account to Binance. To transfer your Bitcoin, click on Funds> Deposits in the Binance header and select Bitcoin. You will then be shown a public key address to which you can deposit your coins. This is the address to which you send the bitcoins that you want to exchange for Litecoin. Waiting times of 30 minutes and more are not uncommon at this point at Binance. You can track the progress of your transfer under order management> order history .
Tip: We advise you to transfer only a test amount first before sending large sums to Binance. This is how you can make sure that everything is working as intended.
Step 3: Invest & trade in Litecoin
After your transfer has been received by Binance, you can now exchange your Bitcoin for Litecoin. To do this, click on Exchange> Basic in the header .
Then click on BTC in the upper right corner and select the currency pair BTC / LTC from the list to exchange your Bitcoin for Litecoin. If you've done everything right, Litecoin (LTC) will now appear at the bottom above the “Buy – Sell” box.
Buy LTC in the currency pair with Bitcoin
To buy Litecoin, you have to pay with BTC. Enter the desired Litecoin amount (LTC) in the purchase mask.
Now you can, if you want, determine the price at which you want to buy your Litecoin. To do this, select “Limit” via the input mask and enter your desired price. Then click on the green “Buy” field. As soon as the market value you set is reached, your Bitcoin (BTC) will automatically be exchanged for Litecoin .
Instead of your own, you can also use the current market price. To do this, click on “Market” next to it instead of on “Limit” and then on the green “Buy” field. Your Litecoin should then appear in your balance as soon as possible.
Buy LTC Tips and Tricks
Tip 1: Buying Litecoin at Binance is particularly cheap: Binance charges a small fee for trading between different crypto currencies . If you purchase Binance's own currency BNB in small quantities and activate the “Pay transaction fees in BNB” field in your profile, Binance will grant you a 25% discount on these fees.
Tip 2: To exchange your Litecoin for Bitcoin again, simply follow steps 1-3 again and this time use the “Sell” input mask instead of the “Buy” box.[broker-exchange-list brokers = “14066,“ totalCount = “1 ″ count =“ 1 ″ title = ““ offset = “0 ″ type =“ crypto “trigger-text =“ “trigger-button-label =“ “ comparison-page-id = “28485”]
Buy Litecoin with euros on AnycoinDirect: The Dutch exchange AnycoinDirect enables a quick and easy entry into trading with crypto currencies such as Litecoin (LTC).
Here you can get your first own Litecoin in just 15 minutes . Follow our instructions for buying Litecoin with Sofortüberweisung or SEPA step by step.
Real LTC tokens
Many different cryptocurrencies can be bought on AnycoinDirect – including Litecoin. A special feature of the Dutch crypto exchange is that it sends your coins directly to your wallet after receipt of payment , instead of storing them in your profile.
So before you can get started, you first need a wallet for Litecoin, for example the LTC wallet Electrum .
- Good selection of cryptocurrencies
- Many payment options
- Buy Litecoin with Sofortüberweisung and SEPA
- European stock exchange
- Very user friendly
- Moderate fees [/ custom_list]
- Payment is only possible in euros
- Wallet required
- Buy and sell limits [/ custom_list]
Buy Litecoin with AnycoinDirect in 3 steps
Buying Litecoin at AnycoinDirect is easy. We'll show you how to do it:
Step 1: the registration
Of course, you have to register on the platform in the first step.
The information required includes your full name, your place of residence, your email address and a password of your choice.
Step 2: verification
Buying Litecoin without verification is unfortunately not possible on AnycoinDirect. AnycoinDirect also regulates how much money you can spend.
To do this, it uses a level system with five levels . After registering, you are at level 1 . You can already buy your first coins now; however, your trade is subject to weekly buy and sell limits . For example, you can buy crypto-coins at the lowest level via instant transfer for a maximum of € 250 per week . At the highest level (level 5 ), however, the purchase limit for instant transfer is € 25,000 per week.
In order to increase the limits, it is advisable to start with the verification directly.
Buying Litecoin without verification is not possible
The limits on AnycoinDirect can protect you from spending too much money rashly. Because of the tiered system, you have to deal with your system on a regular basis. This can of course be annoying, but it can also save you from losing a lot of money.
|step||24 hours||Weekly||Transactions / 24 hours|
|step 1||100 €||€ 250||2|
|Level 2||€ 400||1000 €||3|
|level 3||1000 €||1500 €||4th|
|Level 4||1500 €||5000 €||5|
|Level 5||500 € *||€ 25,000||8th|
- To get to level 1 , all you need is an account with AnycoinDirect.
- To get to level 2 , you must have completed a successful initial order. At least seven days must then pass. You also have to confirm your cell phone number.
- To get to level 3 , your first successful order must have been made at least fourteen days ago. You will also need to upload a copy of your ID or passport.
- To get to level 4 , your first successful order must have been made at least fourteen days ago. You also need to upload proof of residence. Your name, address and a current date (not older than three months) must be clearly legible on it.
- To get to level 5 , you must have mastered the previous levels. Video verification is then required. If you want to buy cryptocurrency with your business account, you also have to have a document verified by the Chamber of Commerce. Add the user ‘live: 25c52d9894125f80' to your Skype contact list and send a simple message. Once the video call is in progress, you'll need to show the same ID or passport that you used for level 3.
To initiate the step-by-step verification, click on your profile in the upper right corner and select “Account”. On your account page you will find the option “Upgrade” on the left under the green “Level 1” badge. Click here and follow the instructions.
Step 3: Buy Litecoin LTC
Buy & Sell Litecoin
We go here first assume that you're not yet fully verified have and an account of the stage 1 verfügst. At the top of the page header, click Buy and select Litecoin.
You now have various means of payment available to buy Litecoin with AnycoinDirect , but the most convenient is the instant transfer. Depending on your financial institution, it can take 1-2 working days to process .
In addition to the instant transfer, the SEPA transfer can also be used. In order to be able to use it, however, you first have to upload an identification document to the site.
Incidentally, this also works if your account only has level 1. To do this, go to your account page as described above and click on “Upgrade”.
Now you enter your desired amount and (inevitably) stick to your level-related purchase limit. Click on “Select your bank account”, select “New bank account” and follow the simple instructions to verify your bank account.
Litecoin Trading: More options
In the following we are looking for possible alternatives that are suitable for trading Litecoin. The Changelly platform, for example, offers the option to buy Bitcoin with a credit card, and you can also buy Litecoin with a credit card here.
Alternatively, you could easily buy your first bitcoins here and then transfer them to your Binance or AnycoinDirect account to exchange them for Litecoin .BUY LITECOIN AT CHANGELLY
Litecoin is unfortunately not listed on this crypto exchange .
CEX is therefore suitable as an entry point for your first investment in Bitcoin: In order to buy Litecoin, you will then have to transfer your coins to a platform that has Litecoin on offer.
We recommend eToro for this.BUY LITECOIN AT ETORO
Should you buy Litecoin or not? Our reasons for buying!
Litecoin is a crypto currency from the very beginning.
As such, it is well integrated into the market: Litecoin has been among the 10 largest cryptocurrencies in terms of market capitalization for years . Litecoin can also do a lot technically, as evidenced by the early integration of the Lightening network, which enables particularly fast transactions .
After MarketCap has Litecoin to in December 2018 8th Place . For the current ranking visit CMC .
With its better scalability and less centralized mining , Litecoin is a serious bitcoin competitor , making it a good option in any portfolio.
Against an investment in Litecoin speaks so little – apart from the general volatility of the market of crypto currencies. The low prices in December 2018 invite you to invest. It is also conceivable, however, that prices will fall even further and that renewed hype will not arise.
Buy or Sell Litecoin? Our advantages and disadvantages analysis:
- Firmly established cryptocurrency
- Very good ranking on CMC
- Faster transactions thanks to good scalability
- Protection against inflation through limited distribution
- Technically up to date
- General risk of the investment