How to Buy Litecoin (LTC) 2022

 Litecoin (LTC) is one of the very first initiatives to copy and adjust Bitcoin’s code and use it to launch a new cryptocurrency.

How to Buy Litecoin (LTC) 2022

How to Buy Litecoin (LTC) 2022

Created by developer Charlie Lee in 2011, Litecoin’s software program sought to differentiate from Bitcoin with changes aimed at accelerating transaction affirmation times for merchants.

Branded the “silver to bitcoin’s gold” in promotional materials, Litecoin shares many similarities with Bitcoin. Due to this, LTC has loved enduring popularity amongst traders, who have relied on it to rally around provide reductions and to song bitcoin’s price boom in bull markets.

If you’re new to crypto and looking to purchase LTC for the first time, be sure to test out our “What is Litecoin?” guide for an extra comprehensive deep dive.

Ready to get started?

If you’re extra advanced and searching to get right in and begin trading, go ahead and get some Litecoin!

Why purchase LTC?

Litecoin is intended to be a decentralized, peer-to-peer shape of payment, so many traders buy LTC in the hope that one day it will be widely normal by merchants.

Where to purchase LTC?

Direct Purchase

You can purchase it at once from another man or woman in person or over the web.

Crypto ATM

You can strive to locate a crypto ATM close to you that offers LTC. However, the ATM fees can be exorbitant and there is no guarantee that you can find a counterpart to make the trade with.


Many discover that it is easiest to buy it through an exchange, like Kraken.

Aside from supplying a simple interface and the lowest prices in the industry, Kraken is constantly rated one of the most tightly closed and trusted crypto exchanges in the world. This thing because as soon as crypto is lost, it is nearly not possible to recover.

At Kraken, we take security severely with state-of-the-art technology, policies, and approaches that protect patron funds. We do not compromise when it comes to security, and neither must you.

How to buy LTC on Kraken

Create an account

Provide an electronic mail address, choose a username, and choose a strong, secure password.

Complete the verification process

With “Starter” verification, you can purchase LTC with other cryptocurrencies. All you want to do is provide your name, date of birth, country, and telephone number. If you’d like to use cash, like USD or EUR, you’ll need to supply additional guide documents verifying your identity. For extra information, see our verification levels documentation.

Deposit money or cryptocurrency

To deposit crypto, simply create a deposit tackle and send the cash to this address. Funding your account with cash for buying and selling can be done in a wide variety of ways, including SWIFT, SEPA, and home wire transfers. The option you choose will be based on your vicinity and preference.

Buy LTC!

Once your cash or cryptocurrency hits your account, you’re equipped to start shopping for LTC. With your Kraken account, you’ll also have to get the right of entry to our charting tools, 24-hour global purchaser support, advanced order types, and leveraged trading.

Where to hold your LTC

Once you’re done shopping for litecoin, you should appear for a way to secure it. The fantastic way to do this is with a wallet. A wallet is a machine or software utility that stores your crypto but also lets in you to spend it.

There are many types of wallets you can use to hold your digital assets safe. Mobile and web-based wallets make regularly occurring transactions easy. Hardware wallets are best suitable for secure, long-term storage. When you’re choosing a crypto wallet, suppose of what you plan to do with your tokens. A pockets that best fits your needs is continually the right choice.

Start shopping for LTC

If you’re ready to take the subsequent step and want to purchase some LTC, click the button below!

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