PayPal’s global reach is a major plus for anyone who wants to buy Litecoin. Currently, PayPal does not offer direct purchases of digital currencies through its platform, although you can make payments with your digital assets on PayPal. However, you can buy cryptocurrency with PayPal if you have funds in your account.
You must consider a broker’s processing fee to buy Bitcoin with a debit card. Various crypto exchanges have different fee structures depending on their payment method. Some may require paying 4 to 5% on debit card transactions, while others may be substantially cheaper. EToro charges just 0.5% on debit transactions, giving you more purchasing power.
Trading Litecoin For Quick Gains
Another way to buy Litecoin is to exchange another cryptocurrency for us. If you have Bitcoin or ETH, for instance, you can sell it for LTC using an exchange like Binance. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Litecoin and Bitcoin have many of the same properties, but Litecoin is often considered more of a payments technology and Bitcoin a store of value.
- The easiest way of making money with Litecoin is to buy low and sell high.
- This step is crucial because it ensures that you comply with KYC and AML guidelines and wouldn’t get into any trouble in the future.
- And beyond crypto, there are many other investments such as stocks, bonds or real estate that you might want to consider.
Navigate to your account’s explore or discover page and search for Litecoin. You may see tickers like LTC/GBP or LTC-USDT, how to buy litecoin depending on the platform. Purchase Litecoin directly using a funding method of your choice or with your account balance.
Step 2: Come Up With An Investment Plan
Litecoin is often called “the silver to Bitcoin’s gold,” although it’s a completely separate cryptocurrency. Coinbase and crypto.com offer instant buy sections on their platforms where you can quickly acquire LTC by inputting your bank card details. PayPal has integrated a crypto section within their platform where you can purchase and hold Litecoin. On the other hand, you can use PayPal as a deposit method with eToro and Coinbase. Then deposit money into your account using one of the multiple payment methods.
As we briefly mentioned earlier, the vast majority of exchanges supporting Litecoin purchases are unregulated. The problem is that as an inexperienced investor, you https://www.tokenexus.com/ might not be aware that this is the case. Ultimately, if you end up depositing funds into an exchange that operates without a license, your capital is at risk.
Coinbase – User-Friendly Litecoin Broker With Over 35 Million Customers
Plus, you can invest from just $25 and you won’t pay a penny in trading commission. If you are planning to use your UK debit card to buy Litecoin, then the fees are even higher. Ultimately, we do like Coinbase in terms of trust, security, and user-friendliness. It’s always worth checking the minimum Litecoin investment stipulated, as all brokers will differ. EToro enables clients to purchase this speculative asset for as little as $25 via debit card. On the other hand, exchanges will let you buy Litecoin which you can withdraw to a wallet and pay for various services or products.
However, in all but a few cases – these exchanges all have one thing in common – they operate without a regulatory license. This means that you can never be 100% sure that you can buy Litecoin safely. As such, had you bought Litecoin in its early days, you would have paid less than $3 when it first hit a public exchange.