How to Buy Litecoin (LTC), A Step-by-Step Guide
Spil one of the oldest and largest cryptocurrencies, there’s slew of good exchanges where you can buy Litecoin (LTC). Te this step-by-step guide, wij’ll display you exactly how to buy Litecoin from Coinbase, GDAX, and Binance.
Ter this guide, wij’ll voorkant how to buy LTC with:
The Exchanges Wij’ll Be Using
Before hopping into our step-by-step guide, let’s take a quick look at the cryptocurrency exchanges wij’ll be using.
Coinbase is widely considered to be the easiest way to buy cryptocurrencies. On this toneelpodium you can use both your credit/debit card or canap account to make a purchase.
GDAX is actually wielded by the same company spil Coinbase. While Coinbase caters to fresh cryptocurrency investors, GDAX aims to serve a more advanced user. GDAX accepts deposits via handelsbank transfer and canap wire.
Binance is a cryptocurrency only exchange, meaning you can trade one cryptocurrency for another on the verhoging, but you can’t use fiat currencies like USD or Euros.
For more information on any of thesis exchanges, click the listig to their review te the table below.
Trio.99% via Credit Card
How to Buy Litecoin (LTC) on Coinbase with Credit Cards and Canap Accounts
Step 1) Sign Up to Coinbase
Click the “Sign Up” button te the upper right-hand of the Coinbase webstek.
To embark, you’ll need to give your name, email address, and state.
After submitting the above form, you’ll be sent an email from Coinbase. Click the linksaf sent to you by Coinbase to verify your email address.
This verbinding will take you to the Coinbase signup wizard.
The very first step of this process is to inject your phone number, which will be used spil a 2-Factor Verification method.
Step Two) Add Payment Method and Verify Your Identity
The next step is to add your payment method. You may also need to verify your identity, depending on your payment method and location.
Coinbase permits you to make purchases through your handelsbank account, debit card, or credit card.
- Bankgebouw Purchases permit you to buy large amounts of Litecoin, Bitcoin, or Ethereum typically at a 1.49% toverfee. The downside to using a canap purchase is that you won’t receive your cryptocurrency until your payment has bot processed. Your purchase price will however be locked ter at the time of your purchase.
- Debit/Credit Card Purchases give you the cryptocurrency you bought instantly at toughly a Three.99% toverfee. Unluckily, thresholds for this order type are far lower than if using a canap account.
By clicking on “Add a payment method”, you can choose the option you choose.
If choosing “Bank Account”, you’ll need to loom into your handelsbank account directly from Coinbase. While this process is used by millions of people securely, you can choose a “Wire Transfer” if you don’t want to loom into your handelsbank account from Coinbase.
You may want to read the “Is Coinbase Safe?” section of our Coinbase Review.
If choosing a credit or debit card, you’ll likely very first need to verify your identity by uploading a picture of your government issued ID.
Merienda your identity is verified, you can add your credit or debit card.
After adding your credit card, Coinbase will make two very petite charges to your card. You’ll need to find the amount of thesis charges (through online banking), then come in them into Coinbase to verify your card.
Step Trio) Buy Litecoin on Coinbase
Merienda your payment method is set up, locate the “Buy/Sell” pagina of your Coinbase account.
On the “Buy” tabulator, choose Litecoin from the list of available cryptocurrencies and select your previously connected payment method.
Inject the amount of Litecoin you want to purchase. The price and fees will be clearly displayed on the right side of the pagina.
Click the blue “Buy Litecoin” button.
You’ll be asked to confirm your purchase.
Merienda you confirm your purchase, you’ll see a message showcasing exactly when your purchased Litecoin will be available. If you used a bankgebouw account it will likely be a few days (up to a week), while debit/credit card purchases will be instantly available.
How to Buy Litecoin on GDAX with Bankgebouw Transfer or Wire
Steps 1-2) Sign Up & Set Up Your Account
Spil mentioned at the commence of this guide, Coinbase and GDAX are possessed by the same company. If you already have a Coinbase account, you can use that to loom into GDAX.
If you click the “Create Account” button on GDAX, you’ll see the following form.
Like with Coinbase, you’ll be sent an email to verify your email address. Te fact, you’ll likely actually be directed to Coinbase to proceed setting up your account.
Go after the steps shown te “Step Two) Add Payment Method and Verify Your Account” te the Coinbase guide above.
Step Trio) Deposit to GDAX
After you’ve set up and verified your account, loom into GDAX. Locate the “Accounts” pagina ter the menukaart of your account. To deposit USD, click the down arrow.
You’ll have Three USD deposit options: Handelsbank Wire, Canap Account, and Coinbase Account.
Bankgebouw Wire Deposits have no boundaries and will be available the same day or next day. They do however come with a $Ten toverfee.
Handelsbank Account Deposits have no fees, but take 3-10 business days (usually 3-5). You’ll also likely be limited to depositing somewhere around $15,000 or less vanaf week using this method.
Coinbase Account Deposits permit you to transfer funds from your Coinbase account to your GDAX account. Thesis are instant, limitless, and have no fees.
Step Four) Buy Litecoin on GDAX
Merienda your USD deposit has bot processed, find and select the “LTC/USD” trading pair ter the druppel down menukaart next to the GDAX logo.
The pagina shown will look very complicated, but wij’ll just be using a puny portion of it to place our order.
On the left arm side of the pagina, you’ll see the order form. There are Three order types: Market, Limit, and Zekering.
Market orders are the easiest option, only requiring you to come in the amount of Litecoin you want to buy te USD. The exchange will then automatically pack your order at the best available price from sellers on the exchange.
Come in the amount of LTC you want to buy, then click the “Place Buy Order” button.
If you used a market order, your balances should instantly reflect your purchase.