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Cryptocurrency has been around for more than a decade, although it became far more popular in the last five years. While many coins spring up almost every day, many seasoned investors choose to go with older coins that have done well over time. One of these is Litecoin. Litecoin was launched in 2011 and has remained relevant. If you are interested in getting Litecoin, this guide is a great place to start. But you need an exchange to buy Litecoin. Here are some exchanges we compiled for you.
Best Exchanges to Buy Litecoin Now
As a crypto enthusiast, you might get confused about where to buy Litecoin quickly. Why? Some exchanges also take an unnecessarily long time to credit you with Litecoin. Here are some exchanges you can buy Litecoin and get it instantly:
4. Prime XBT
Does Litecoin have pros? Or Cons?
How did Litecoin begin?
Litecoin began as a project to ‘right’ the wrongs of Bitcoin at that time. Because there were few altcoins a decade ago, many people relied on Bitcoin for investments and payments. Litecoin brought a solution to Bitcoin’s drawbacks by making transactions easier for everyone.
How to buy Litecoin in 3 easy steps:
Sign up to a centralised exchange. Be sure it supports Litecoin before you sign up.
Submit a valid ID so you can withdraw your fiat/Litecoin.
Use a debit card/wire transfer to deposit money into the exchange. You can now use your funds to buy Litecoin.
What is Litecoin about?
Litecoin is a decentralized cryptocurrency created as an alternative to Bitcoin. Using Bitcoin’s code, Litecoin leverages BTC’s technology in a better way. Since its creation, Litecoin has remained a top coin in the cryptocurrency space. It is one of the top 30 coins by market cap today.
How does a Litecoin transaction work?
When you send Litecoin to someone, the transaction appears on the blockchain. Now, for the transaction to be processed, miners have to come in. Miners are people who verify transactions on a blockchain. When they verify your transaction (and other transactions simultaneously), the transaction is complete. Your Litecoin finally arrives at its destination.
Where can I buy Litecoin?
You can buy Litecoin directly from the Litecoin website. Alternatively, you can use different p2p platforms on the internet to trade your fiat for Litecoin. But your best bet is to use any of the exchanges we listed. They are fast, reliable and safe.
Frequently Asked Questions
Charles Lee, an ex-Google software engineer, is the creator of Litecoin. Lee saw that Bitcoin had a future, but it has some drawbacks. He created Litecoin to complement Bitcoin and to be used for everyday payments.