LightCoin is one of the first cryptocurrencies to appear on the market. This coin was released in 2011 and quickly gained popularity among traders and investors. Users eagerly include it in their cryptocurrency portfolio.
LTC continues to be among the most attractive assets. The coin has been in the top 10 for a long time and is firmly holding its position. Litecoin is represented on many exchanges, making it easy to acquire.
The coin is characterized by high transaction speed and scalability. The creators of LightCoin corrected the shortcomings that were inherent to BTC. Naturally, the new coin became popular in the cryptocurrency community.
Many users wonder: “How to buy cryptocurrency? “This is due to the abundance of offers on the market. We will help you to understand the essence of the question.
How to buy Litecoin?
- ✅ Step 1 – Register on the Capital platform. Create a trading account on the platform.
- 💳 Step 2 – Make a deposit. You can make a deposit in rubles or any other currency in any suitable way. There is no fee for making a deposit.
- 🔎 Step 3 – Find Litecoin. Under Buy Cryptocurrency you can search for LTC.
- 🛒 Step 4 – Buy LTC. Enter the amount or volume of assets you want to buy and click the Buy button.
Where can I buy LightCoin?
Many users want to know how to buy LightCoin for rubles or other currency. LTC cryptocurrency is available on many exchanges. However, not all platforms are worthy of attention. We offer the most profitable options for buying this cryptocurrency.
Capital Exchange was founded in 2016. During its existence, it has gained great popularity among traders in Europe. The platform is also in demand among the Russian-speaking audience.
Crypto exchange attracts by its simplicity and convenience. Capital.com is great for new users – here they can quickly learn how to trade crypto. Once you get the hang of the platform, you’ll be able to trade Litecoin.
Training courses are available to help traders understand the principles of the platform. You can also start trading using a demo account. To make real trades it is enough to deposit $20 to the balance.
Trading on the platform is done through CFDs. You purchase a contract for the price difference of LTC. In this case, the user earns when he correctly determines the movement of the cryptocurrency.
Traders are offered effective analytics and access to economic and financial news. The feed is formed taking into account individual preferences of the client.
The advantages of this exchange can include:
- the best platform for beginners;
- effective implementation of artificial intelligence technology;
- easy entry to the exchange (minimum deposit of $20);
- earnings on CFD trading;
- 0% commission.
It’s a popular crypto exchange with customers in over 100 countries. If you are considering how to invest in LightCoin cryptocurrency, OKX is at least worth considering.
The functionality of the site deserves special mention. It is very convenient, and the layout of the sections is well thought out. Thanks to this, traders can easily navigate on this platform.
The exchange establishes a favorable rate OKX, and information about it is updated as quickly as possible. To purchase a coin, you can use a quick buy. There are also 2p2 options, as well as LTC trading (including with the use of credit funds).
The user can choose 3 options for verification: by providing personal information, by photo or video. The exchange offers a variety of payment methods – bank cards, wallets, as well as fundraising through third-party services.
Among the advantages of this site are:
- favorable LTC exchange rate;
- 3 levels of verification;
- several acquisition methods (quick buy, 2p2, base and margin trading);
- convenient site navigation;
- fast conversion of cryptocurrencies;
- the ability to use third-party services.
Binance is one of the most reputable cryptocurrency exchanges. It offers a wide range of services. Users can buy various cryptocurrencies, including LightCoin.
Account balance can be replenished via fiat currency, bank card or transfer. There is also an option with p2p trading, where users interact with each other directly.
So you can buy litecoin on binance in different ways. However, there are restrictions for Russian users. Traders from Russia have to make transactions without verification.
Among the pluses of the exchange worth noting:
- a wide choice of payment methods;
- The SAFU fund, which was created to protect users’ funds;
- the ability to buy LightCoin directly;
- the ability to buy LightCoin directly;
- a robust data encryption system.
- large commission;
- restrictions on the verification of Russian users.
The Libertex trading platform is starting to gain serious momentum. This exchange is used by 2.2 million people from more than 110 countries. It is a great platform for CFD trading.
Users are offered a small number of assets. However, the exchange wins with its convenient functionality. There is an opportunity for margin trading with a leverage of 2:1.
The minimum deposit amount is $10. There are no spreads and no deposit fees. Traders are charged up to 0.5% for trading operations. Users have access to MT4 platform.
Among the advantages of the exchange can be called:
- no spread;
- fast withdrawal of funds;
- The low entry threshold on Libertex ($10);
- favorable conditions for CFD trading in cryptocurrency.
- small number of markets.
What is Litecoin and how is it different from other currencies?
LTC was created 2 years after Bitcoin, which is why it is called its “little brother”. The creator of this coin was Charlie Lee. He tried to get an improved version of the cryptocurrency, fixing the disadvantages of its “predecessor.
It takes about 10 minutes to confirm a BTC transaction. On the LightCoin network, the same transfer takes 2.5 minutes. Bitcoin is capable of processing 7 transactions per second, LTC – 56. Due to the higher transaction speed, LightCoin quickly took a place among the most promising cryptocurrencies.
If we consider the fundamentals of these coins, they are much the same. It is not for nothing that LightCoin is a fork (offshoot) of the first cryptocurrency. The LTC network is also fully decentralized: no human can control it.
LightCoin offers in-demand technologies and in this respect it will win over its “big brother”. LTC blockchain is better and easier, because the network does not become overloaded. This determines the popularity of this cryptocurrency.
The coin is presented on many platforms, this asset is in the field of view of traders.
Is LightCoin even worth buying in 2022?
There are many promising projects in 2022. Investing in some new coins will bring big money to investors. However, the market leaders, which include LTC, are still relevant. So it is certainly worth investing in this cryptocurrency.
The Litecoin project did not arouse much interest after its appearance. In 2011, few people believed in this coin. At the first listings on the exchange, LTC was worth about $3. However, in 2018, the coin was already trading at $350.
Like the rest of the crypto market, LightCoin has experienced ups and downs. Today this altcoin is worth around $61. But the LTC has excellent prospects. By investing this asset at a low price, you can get a good profit after the next growth of the coin.
Many domestic traders are considering the option of buying LiteCoin in Russia, because now, in their opinion, is a favorable time for such investments. However, it is not certain that the coin will seriously rise in price again.
In order not to take big risks, you can start investing with small amounts. It is better to make such transactions on a regular basis. In this case, the loss of funds will not be so critical. In addition, you can always increase your investments.
How to withdraw or sell Litecoin?
When making transactions with this coin, you need to know how to open a Litecoin wallet. You can create it on the official LTC website or use another service that is suitable for this cryptocurrency.
The need to withdraw or sell coins usually arises in two cases: to fix profits and to minimize losses. The specific algorithm depends on the payment method you choose and the site where you trade.
Suppose you make transactions at Capital.com. Then the withdrawal will be carried out as follows:
- select LTC and click the “Sell” button;
- The available coins will be added to your exchange account;
- apply for withdrawal using the same payment method as for deposit;
- the money will come to your wallet, card or account.
So the process of withdrawal is quite simple and does not cause any difficulties. But when converting LTCs to rubles, the scheme becomes more complicated. In this case, the mechanism is something like this:
- you have a cryptocurrency wallet where you store Lightcoins;
- funds from the exchange are withdrawn to this wallet;
- you exchange LTC for fiat currency (e.g., rubles);
- You withdraw funds to your bank account.
When you sell Litecoin, you have to perform additional transactions. You also pay a commission. That’s why you need to choose the most convenient, safe and financially profitable ways.
Other options for buying Litecoin
LTC can be purchased not only on exchanges. In addition to these cryptocurrency exchanges, there are other ways, including:
- payment systems;
- online exchanges;
- Telegram bots.
For example, some traders use the Payeer system. To do this, it is enough to register on the website, after which you can deposit your account balance. Then the exchange of currency to LTC takes place.
However, with all the convenience of this method, the exchange is at an unfavorable rate. In addition, the user has to pay a withdrawal fee. So few people use the purchase through payment systems.
Online exchangers have other difficulties. Most of them have inconvenient functionality and high commissions. You may also need to go through verification, which does not suit some users.
The option with Telegram-bots also has its disadvantages. It is technically complicated and not designed for inexperienced users. In addition, there are high risks involved in such operations.
Therefore, it is better to give preference to cryptocurrency exchanges. This is the most reliable and safe option to buy LightCoin and other cryptocurrencies. Such exchanges will suit both beginners and experienced users.
When buying through messengers and social networks, you take a big risk. In such transactions, there is a chance of running into fraudsters and losing money and cryptocurrency. Experts recommend “buying from hand” only from people you know very well.