Ultimately, it depends on your investment goals and risk tolerance. Litecoin has often been called the silver to Bitcoin’s gold. It has a faster block time and cheaper transaction fees than Bitcoin, which make it appealing for small or micro-transactions. Ethereum, on the other hand, is a platform that enables developers to build decentralized applications. So if you’re looking for a particular use case like gaming or smart contracts, Ethereum may be a better choice. You can buy Litecoin from various exchanges, or you can mine it.
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. But, it certainly isn’t the cheapest option in the market. In particular, it has a very strong presence in the UK market. Not only does it supports UK debit cards and local bank transfers, but it is authorized and regulated by the FCA. Not many Australian crypto exchanges support debit and credit cards, but Swyftx does.
How to buy Litecoin in the UK
However, holding your digital currencies on the crypto exchange is not recommended. For maximum safety, we advise that you consider investing in a hardware wallet – especially if you are making a huge investment or are a HODLer. Even though how to buy litecoin thousands of merchants accept Litecoin worldwide, crypto experts believe Litecoin adoption would increase even further in the coming years. CoinJar charges a fee of just 1% when buying or selling any cryptocurrency on its platform.
What is the easiest way to buy Litecoin?
BitPay makes it easy to buy Litecoin with a credit card. Simply enter your credit card details as a payment method within the app and complete the transaction as you would any other payment method.
Otherwise, complete a bank transfer to the provided BC Bitcoin bank account. TRASTRA Visa debit card is uniquely featured with a personal IBAN, which allows cardholders to buy Litecoin with SEPA, receive euros from anywhere in the EU. Sign in with your verified TRASTRA account, select a wallet to accept your purchase, and then select LTC. Most of the platforms that allow you to buy Litecoin with fiat support a limited number of cryptocurrencies. Since the two exchanges are known for adhering to AML and KYC rules, they are the best ways to buy Litecoin with your bank account. PayPal) are also one of the best places to buy Litecoin with a credit/debit card.
Step 4: Buy Litecoin (LTC) and Start Trading or Investing
Most common payment methods include debit cards, credit cards, wire transfers, e-wallets, and cryptocurrencies. Not to mention, you have to complete the KYC process to verify your identity before you could add funds to your account. Virtually all crypto trading platforms let you buy Litecoins with bank wire. It is one of the most accessible and reputable payment methods. But it isn’t as convenient as buying Litecoin with credit/debit cards or eWallet. Crypto brokerages will also demand higher deposit minimums when you want to make bank wire.
- On the homepage, click on the portfolio tab again and find your favorite crypto, i-e- Litecoin, using the search bar.
- By going through this article to the end, you will find the best way to buy Litecoin.
- If you have traded before, you will know this process already.
- Capital.com is a derivative trading platform, which means that you can only buy Litecoin CFDs here.
- EToro supports fractional ownership, meaning that you don’t need to pay Litecoin in full increments.
- Brokers make their money with fees like this, so keep an eye out for withdrawal and trading fees too.
Her Majesty’s Revenue and Customs considers the buying and selling of cryptocurrencies as an investment activity. So, you must pay tax on https://www.tokenexus.com/ any gains that you record at the moment of sale. Storing your coins in a hardware wallet is probably one of the best security measures.
Buy Litecoin today
You can pay for your digital coins in GBP directly with your debit or credit card . With over 30 million customers, Coinbase is one of the most popular cryptocurrency exchanges. The platform serves both UK and US customers and is a good option for anyone who wants to buy Litecoin. Our partners’ infrastructure supports all major payment methods. So you can buy USDT with Apple Pay, Google Pay, Samsung Pay, or in any other convenient way. All you need to do is to choose the desired payment option in the payment cards list. You can fund your broker account with fiat currency but note that you might need to pay a deposit fee.
Is buying Litecoin a good investment?
Is Litecoin a good investment? Like other cryptocurrencies, Litecoin is very volatile. It's a high-risk, high-reward investment, even if those rewards have paled in comparison to some of the most popular coins. Due to how volatile crypto is, the rule of thumb is to only invest what you can afford to lose.
SEPA transfers are supported by PayPal, eBay, Skrill, and other popular payment services. TRASTRA is an online platform that allows you to buy, sell, and trade digital currencies in exchange for fiat money. ✅Provides diverse options of depositing and withdrawing (bank transfer, credit/debit cards, and PayPal/Skrill/Neteller/Rapid Transfer/iDEAL).