How to buy Litecoin (LTC) - Complete Guide

2021/03/26 08:13:45

Litecoin (LTC) is one of the earliest altcoins to emerge in the crypto space and is designed to serve as a complement to Bitcoin. And branded the “silver to bitcoin’s gold” in promotional materials, a growing number of investors are getting interested in Litecoin (LTC).

If you are new to the crypto market and really want to buy Litecoin (LTC) for the first time, you should read this article carefully. We will introduce you to how to buy Litecoin (LTC) in 2021 step by step!

What is Litecoin (LTC)?

In October 2011, Litecoin (LTC) was created by developer Charlie Lee, and it is one of the oldest cryptocurrencies in existence. Because Litecoin (LTC) is a fork of Bitcoin, it has similar characteristics to Bitcoin. But interestingly, Litecoin (LTC) has not shared any history with Bitcoin's genesis block. It chose a shorter block generation time and a higher base supply.

Technically speaking, Litecoin (LTC) is a digital currency based on peer-to-peer technology and an open source software project under the MIT/X11 license. It can help users pay instantly to anyone in the world.

Many people want to purchase Litecoin(LTC) and expect that it will be widely accepted by merchants someday to make life easier. If you are interested in investing in Litecoin (LTC) right now, read on and I will introduce in detail how to buy Litecoin (LTC).

Where Can I Buy Litecoin (LTC)?

Actually, here are three ways on how to buy Litecoin(LTC). You can buy Litecoin(LTC) directly from any individual in person or through the website. If you can find a crypto ATM near you that offers Litecoin (LTC), it is ok, but the ATM's rate may be higher than other ways. Many find the fastest way to buy Litecoin(LTC) is through centralized exchange, like KuCoin.

KuCoin is one of the most famous and trusted exchanges in the world, it can offer a simple interface and lower fees in the crypto market. So how to buy Litecoin(LTC) on KuCoin? Please see the rest of the article.

How to buy Litecoin (LTC) on KuCoin?

1.The first step is to create a KuCoin account via kucoin.com. Please pick a secure password, and then verify the account to get all set.

2.The second is completing the KYC. In this step, you should provide some personal information such as your ID, credit/debit card or bank account. Just relax, KuCoin takes security seriously with state of the art technology to protect your information.

3. This is a very important step to buy Litecoin(LTC) in KuCoin. If you have some crypto such as BTC or USDT, you can transfer it to KuCoin. If you are really new to the crypto market, you should buy some USDT and use your fiat currency first. It is easy, KuCoin supports 3 ways to buy USDT with your credit card, just go to the homepage of KuCoin and click “buy crypto”.

4. Now, you enter theLast step. Just go to the KuCoin Trade page and find the LTC trading pairs like LTC/USDT, LTC/BTC, enter the amount and click “Buy LTC” to complete the purchase.

Where to store Litecoin (LTC)?

OK, if you have purchased your Litecoin(LTC), you have two places to store it. One is to save your Litecoin (LTC) in your wallet, but you should buy a wallet first and remember your private keys. If you forget the private keys, you will lose your Litecoin(LTC) forever. So , I think leaving your LTC in the account of KuCoin is better.

Conclusion

Litecoin(LTC) is now one of the most recognized, trusted, and used blockchain-based payment networks in the world. So It is significant that you choose the right way to buy Litecoin(LTC).

Above all that on how to buy Litecoin (LTC), if you have read the full text of how to buy Litecoin (LTC) and are ready to buy it now, click the link below to start your crypto journey on KuCoin!