The best way to buy Litecoin is to use brokers like Capital.com. The trading platform offers low fees, and is highly user-centric in design. With handy tools like CopyTrade and CopyPortfolio, you can easily make profits without having all the technical know-how of an asset. Several hot coins or cryptos are shilled by social media influencers and public figures and dumped when the price reaches a peak. If you bought at the top, you would likely see the value of your assets erode in real-time. If you do not have the mental fortitude to bear such losses, ensure you do the needed research and get the right facts before investing.
- Still, the silver digital currency is among the top twenty most valuable cryptocurrencies, with a market cap of over $11 billion.
- Most of the popular crypto exchanges have built-in digital wallets where you can store your Litecoin and other crypto purchases.
- But, unfortunately, in some cases, it’s so easy that you can make a costly mistake if you’re not careful.
- With Kraken, users can pair LTC with several fiat currencies, not just the U.S. dollar.
- You can buy Litecoin directly through other payment apps such as Venmo and PayPal or Litecoin-specific wallets, such as Litewallet, a mobile app available through Google Play.
- You can easily detect breakout movements beforehand and enter into positions to profit when the price moves.
This content shouldn’t be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed. We decided on the best platforms by first testing them individually. Our criteria for assessment include fees, deposit and withdrawal methods, reputation, credibility, security, ease of use, trading features, coin selection, and competitive edge. As a popular cryptocurrency, Litecoin can be purchased from pretty much any crypto platform.
Before you trade, AskTraders.
He coordinates a distributed team of journalists to help further Finder’s mission of helping people make better financial decisions. He has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in boiling down complex topics into language his parents can understand. He is a regular contributor to Nasdaq, The Street and is frequently called upon for market commentary in Australia and abroad.
- This exchange works in 188 countries and has been around since 2013.
- This individual miner approach has seen Litecoin grow its validator network in the last ten years.
- The risk of loss in holding cryptocurrencies can be substantial.
- This is a useful feature, but it may also mean your assets are more exposed to hackers or thieves.
This was due to a regulatory clampdown by Chinese authorities on crypto mining in its Inner Mongolia regions. Bitcoin and Litecoin plummeted in value, slumping to $113.16 on July 19. Although Litecoin has recovered somewhat in the last few weeks, you must keep its volatile nature in mind. However, Litecoin experienced a successful recovery in 2023 and marked its previous price high of $100. The coin witnessed an impressive surge on July 4th, soaring to a 14-month high of $114. In just one week, Litecoin outperformed the broader cryptocurrency market by surging nearly 30%.
Litecoin at a glance
As with all cryptocurrencies, Litecoin can be a highly volatile asset. Experts suggest limiting your investment to a small fraction of your net worth in cryptocurrencies, including Litecoin. Before you invest your money, know the risks of cryptocurrency and keep your investment to a small amount of your net worth. If you’re all-digital at heart and want to use Litecoin for payments, you can likely get by with a payment app or a Litecoin-specific app that lets you buy and sell Litecoin. Created by Charlie Lee in October 2011, Litecoin was one of the first cryptocurrencies to launch after Bitcoin.
Crypto technology mathematically safeguards digital assets and places ownership with users, making it crucial for a free digital future. You can use the smart portfolio feature to set up thematic investment strategies based around Litecoin. What’s more, you can use eToro’s virtual account to build how to buy litecoin your trading skills and confidence in a risk-free environment. A potential complexity of trading in crypto is that these assets may change in value at different rates. The amount of Litecoin you can get in exchange for a certain amount of Bitcoin, for instance, may change from day to day.
Litecoin Price Prediction 2025
You can find information about the current market capitalization of cryptocurrencies as well as their 24-hour performance. Note the terminology of “trading pairs,” which comes up quite often on crypto exchanges. In the case of LTC/USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. With Kraken, users can pair LTC with several fiat currencies, not just the U.S. dollar. You can pair LTC with the euro, the British pound, the Australian dollar and of course, the Canadian dollar to name a few.
This guide has shown users how to purchase Litecoin in only a few minutes. Top crypto platforms such as Capital.com allow investors to create a new account in just 5 minutes, and give your trading access to Litecoin and several other cryptos. An alternative to PayPal is to use your credit card to purchase Litecoin. This is a huge advantage, as not all crypto brokers support credit card payments.
Buying Litecoin in the UK Anonymously
Coinbase Pro has advanced charting functions, allowing users to make crypto-to-crypto transactions and place market, limit, and stop orders. Coinbase has a unique interface that is geared toward beginners or newbies. Experienced traders can also use Coinbase’s professional platform, Coinbase Pro.
If you think of a few hours or days, you should choose the trading route to increase your potential returns. Investing holding is better if you do not have https://www.tokenexus.com/what-is-beam-coin-detailed-information/ the time and want to hold for the long term. You can also sell or short your Litecoin position if you determine that the asset may drop in a few hours.
How long does it take to process crypto purchase transactions via bank transfer?
Moving averages have two bullish and four bearish indicators, and technical indicators show neutral signals, but the Fear & Greed Index of 69% indicates greed among investors. The coin increased by 3.03% in the last seven days and by 1.27% in the last 24 hours. Litecoin is currently the 15th largest cryptocurrency, with a market cap of $4.8 billion. Litecoin – like all the other cryptocurrencies – is highly volatile. So, their price will constantly increase throughout a given day. This is basically because a single entity does not govern cryptocurrencies.