The minimum you can withdraw from eToro via PayPal, on the other hand, is $30 and each withdrawal carries a $5 transaction processing fee. Opening an account with an exchange is the first step to buying Litecoin. Search for a reputable crypto exchange that offers Litecoin and create a trader account with them.

However, it’s perfectly acceptable to store Litecoin on the exchange where you purchased it. In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Litecoin and selling it the next day probably isn’t why you’re here either. Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Litecoin then you should move it to a crypto wallet.

eToro – Best Broker to Buy Litecoin in the UK

Begin by entering your location at the top of the website, which will then update to display current offers near you. At the number 10 ranking under the market cap for cryptocurrencies, Litecoin (LTC)’s price is currently at $50.68 (at the time of writing). In your portfolio, https://www.tokenexus.com/ltc/ you’ll find not only your brand new litecoins, but also a handy overview of your other investments. Litecoin price predictions from cryptocurrency experts continue to be favourable. They forecast that it will continue to rise for at least the next five years.

Everything considered, it’s a much smoother and safer experience to buy Litecoin via a licensed brokerage. Not only is eToro regulated by the FCA, ASIC, and Cysec, but is also registered FINRA in the US. This means that you can buy Litecoin conveniently and safely, instead of worrying about the legitimacy of a potentially shady exchange. Great — but there are a few things you need to consider first. The current Litecoin price today is $64.86, which is 81.40% below its all time high of $347.72, which it reached on 7 May 2021.

Buy Litecoin with SEPA

The crypto exchange’s trading interface makes it highly suitable for novice traders. While the company is based in the United States, it offers its services in 100+ countries across the world. Today, cases of dubious crypto exchanges and crypto scams are on the rise.

SEPA bank transfers are possible only for SEPA zone countries (European Union and the UK). TRASTRA is an online platform that allows you to buy, sell, and trade digital currencies in exchange for fiat money. Exmo supports Litecoin purchases and also offers a range of payment options. Based in the United Kingdom, CEX.io is one of the oldest cryptocurrency exchanges. The platform launched in 2013 and offers access to a wide range of cryptocurrencies and fiat deposit methods. As we said though, you shouldn’t struggle to find your preferred payment method nowadays.

Europe’s favourite crypto platform

Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options. Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates. Add funds via a card payment, bank transfer or an alternative payment method.

• However, if you are already in possession of a cryptocurrency like Bitcoin, there is no need to use a traditional payment method.
• It may take from one to four business days to complete the transaction.
• Aside from the above steps, CEX.io offers other options to buy LTC with GBP.
• Most crypto exchanges that support PayPal as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
• Once the transaction is complete, you will receive BTC in your Paxful wallet and you can now sell it for Litecoin.
• While both Litecoin and Bitcoin have predefined maximum coin supply caps, Litecoin’s coin supply is four times larger than Bitcoins.

Multiple factors are contributing to the volatile price action of the different cryptocurrencies and the entire crypto market. Litecoin is not immune to these volatilities and here are a few of the factors that have been affecting and are expected to continue affecting its volatility. Before the coin’s halving in 2019, Litecoin had a price equivalent to $140 almost 60% lower than its all-time high. But, it was still significantly higher than the lows recorded in 2018. Up till March 14, 2020, Litecoin was being traded for around $34.4. However, it underwent a bullish momentum and started climbing new heights, and hit an all-time high of $386.4 on May 09, 2021, setting an all-time high record.

Buying and holding an asset anticipating an increase in its price is one of the easiest methods to trade. You can safely store your cryptos in your wallet for as long as you want. This simple guide answers all these questions and tells you everything else you need to know about safely investing in Litecoin today. The first step is to open an account with your crypto exchange of choice. If you haven’t decided, have a look at this guide on the top crypto exchanges in Australia (click here).

Should you on the other hand want to buy Litecoin via a cryptocurrency exchange, you are able to change LTC coins from Ethereum, Bitcoin, and such. We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.

How much does it cost to buy Litecoin via PayPal?

There are loads of ways to buy Litecoin from some of the top brokers and traders in the business. 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 https://www.tokenexus.com/ that supports fast, cheap, and secure transactions. But, it’s highly unlikely that we are ever going to see mainstream usage of Litecoin. As we briefly mentioned earlier, the vast majority of exchanges supporting Litecoin purchases are unregulated.

• Use your crypto wallet for LTC debit card or credit card transfers.
• These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
• However, you can purchase LTC crypto tokens on any of the platforms listed above in our comparison table.
• It is one of the fastest payment methods to buy Litecoin because transaction processing is almost instantaneous.
• When you have found an online broker you like the idea of — you need to head to the respective website and sign up.