Searching for the best Litecoin exchanges online can be a daunting prospect, but this post on where to buy Litecoin will make it easier for you.
The best LTC exchanges are designed to offer the fastest path to purchasing Litecoin, providing support for fiat currency storage and Litecoin transfers. Fortunately, registering with them is usually quick and easy: just take a few moments to create your own account in a few brief steps.
You will be asked to submit standard personal details, and the exchange may request some form of photo identification for security purposes too. You’ll be ready to start once you add the relevant bank account or credit card.
However, bear in mind that many exchanges will charge a fee if you choose to buy your crypto with a credit card. But no matter what payment method you choose, when you feel the time is right to buy coins, all you have to do is submit an order for the amount of LTC you want to purchase. It’s that easy.
Essentially, crypto exchanges share numerous similarities with traditional stock exchanges under the surface. Their core purpose is to connect buyers and sellers, matching you with the right seller looking to sell their Litecoin for the amount you’re willing to spend. The exchange will process your order.
Of course, you might be left waiting for a while if no sellers want to offload their LTC at the price and time you’re looking for.
Another issue you might encounter when researching where to buy Litecoin: some exchanges (such as the Kraken exchange) don’t enable you to buy cryptocurrencies directly. When you’re unable to complete orders with a fiat currency, you’ll have to use a different account to serve as your go-between instead.
Most traders leverage Bitcoin when this problem occurs, as it has universal support. You might find that you have to transfer it to your exchange account to be converted into LTC. Yes, this can be a complicated method, but depending on where you’re based, it could be your most practical option.
What Litecoin Exchanges Do We Recommend?
So, let’s be clear: crypto exchanges are designed for the purchase and sale of cryptocurrencies (including Litecoin, Bitcoin, and so many others). It’s fantastic and simple in the best cases.
However, using exchanges brings certain dangers too. For example, exchanges with weak security will be particularly vulnerable to cyberattacks, which could put your funds at risk. Take the time to research which exchanges support Litecoin and offer the high level of security you expect.
Here are a few LTC exchange recommendations you might want to consider when researching where to buy Litecoin:
This is one of the biggest crypto exchanges in Europe, having been set up in Poland originally. However, BitBay eventually relocated — its legal base is now in the Republic of Malta (well known as being a more crypto-friendly country).
You might have heard of Coinbase: it’s a major digital asset broker based in California. This company brokers exchanges of Litecoin and other cryptos with fiat currencies, across more than 30 nations.
They’re also known for Bitcoin transactions and secure storage in almost 200 countries across the globe. Coinbase offers a $10 bonus when you make a purchase of $100 or more for the first time.
This is a fairly new crypto trading platform. It’s legally based in Poland, but has offices in Estonia and Latvia too. This business offers a trading service for the purchase and sale of numerous cryptocurrencies, such as Litecoin, Bitcoin, Zcash, Ripple, and many more. You can pay with bank transfers and credit cards.
This currency exchange is based in the UK but operates worldwide. It uses strict verification for new accounts, requiring you to upload proof of residence and an identification document.
Other Litecoin Exchanges Available
Various other cryptocurrency exchanges are available online. For example, Gemini started to support Litecoin trading fairly recently, and you can buy it with USD, ETH, or BTC.
You may also want to look into the following LTC exchange options: Bitstamp, Bitfinex, and Binance.
That brings our guide to Litecoin exchanges to a close — we hope it helps you understand what to look for and what to avoid!