How To Buy Litecoin (LTC)
If you are looking for all the important information about Litecoin (LTC), we have got you covered. Litecoin surfaced in the cryptocurrency market back in 2011. A former Google employee and engineering director of Coinbase, Charles Lee launched Litecoin as one of the first alternatives of Bitcoin to make crypto transactions faster. Over the past decade, the price of Litecoin (LTC) has increased massively. To successfully buy and invest in Litecoin, the following step-by-step guide can help you.
Register On Crypto Exchange
First, you need to find a credible crypto exchange that allows Litecoin (LTC) exchange and trade. Although there are many credible exchanges available, you may need to do some research to find the best fit for exchanging LTC. Once you find it, register on it as a user.
Add Funds To Your Account
Once registered on the crypto exchange, you can add funds to buy Litecoin either by using fiat currencies or by exchanging cryptocurrency like BTC or ETH. It is important to mention that for some countries, you may find the option to pay with your card. If you want to purchase LTC with your existing cryptocurrency, you can do it by transferring it from your wallet to your new crypto wallet that allows LTC exchanges.
Buy LTC
You can now look for suitable cryptocurrency pairs on the exchange and find your best fit to purchase Litecoin (LTC) with your fiat currency or cryptocurrency. For this, you will need to input the details of the trade and proceed with buying. While this may be valid, it is important to know that you can trade for your desired pair of LTC on the exchange. Moreover, you can also choose to make short-term trades to yield smaller but regular profits. If you want to make long-term trades, you can hold the coins for a long-desired period of time.
Once the transaction is done, you will receive your LTC in your exchange wallet.
Is LTC safe to invest in?
LTC has observed multifold growth over the years since 2011. In 2013, LTC price was close to 4 USD. However, it increased over the years and reached its all-time high in 2018 for 348 USD. As of December 2020, LTC price is recorded to be 83 USD. Please note that the price of LTC is highly volatile and can be fruitful for investors.