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How To Buy Litecoin?

May 17, 2018 AlanC Currencies Views: 76

How To Buy Litecoin?


 

Storing your litecoin

 

Before buying litecoin you'll need somewhere to store it. The original wallet for this cryptocurrency is litecoin core ehich you can install (for free) on your desktop. However, this downloads the entire litecoin block chain so you'll need to make sure you have enough storage (and patience).

Electrum-LTC is a lighter (SPV or Simpler Payment Verification) version, also for desktop. And some desktop wallet's (such as jaxx and exodus) have multi-coin capability, which means you can hold. Your bitcoin and litecoin in the same place.

Loafwallet is a mobile litecoin storage solution, developed by Charlie Lee, the creator of Litecoin. For those who prefer a hardware version, Trezor and Ledger Nano support a handful of cryptocurrencies, including Litecoin.

 

 

Fiat or bitcoin?

 

Buying litecoin is similar to buying bitcoin, most major exchanges today trade in both in exchange for a wire transfer, or credit card debit card payment.

Bitnex, Bitstam, Poloniex and Coinbase are some of the more liquid litecoin exchanges. Most litecoin purchases are made with bitcoin. Some of the more liquid exchange that can handle a BTC/LTC transaction are Shapeshift, Poloniex, Bitfinex and Bitstamp.

 

 

How to buy litecoin?

 

Take note of this: Never invest more than you can afford to lose!!! Cryptocurrencies are volatile and the price could go down as well as up. Specific businesses mentioned here are not the only options available, and should not be taken as a recommendation.

Find out more at cryptoversal.com.

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