How & Where to Buy Litecoin LTC Beginner’s Guide

how to buy litecoin

Make purchases based on facts, not emotions, or what your friends and coworkers say is the latest crypto in the block. Turn your attention to dedicated crypto channels and expert review websites to understand the mission of a crypto project before even committing your funds to it. You should calculate your expected returns against your electricity bill to determine if this approach is worthwhile. Suppose you live in an area where electricity costs; you may profit by mining Litecoin rather than buying or trading it. However, we have highlighted a few factors for you to consider before choosing your investment strategy. Trading Litecoin may be a good choice if you have the time to spare or are a full-time trader.

  • You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
  • This marked a milestone, not only for Coinbase but for the crypto industry as a whole through the exchange’s high-level exposure helping to pave the way toward mass adoption.
  • Smog has also reserved 140 million tokens for future centralized exchange listings.
  • Cold storage simply means holding your coins off-chain so that they aren’t vulnerable to attacks launched via the internet.
  • This innovative crypto project offers a predict-to-earn protocol with exclusive early rewards including 261% APY when holders stake $GBTC tokens.

Coinbase Pro has advanced charting functions, allowing users to make crypto-to-crypto transactions and place market, limit, and stop orders. 71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. This guide explores some of the best brokers that allow you to buy the asset. While no one can accurately predict Litecoin’s future price, many believe it has the potential to become more valuable in the future.

You’re now ready to buy LTC with a credit card or your preferred payment method!

Cryptocurrencies are volatile, and most depend on Bitcoin’s price movement. The halving took place on August 2, which reduced the reward per block from 12.5 coins to 6.25 coins per block. Two weeks before its halving event, LTC prices dropped to $64, and during this time, there was significant interest among whales in Litecoin. On the day of halving, Litecoin increased to $68; however, this was followed by a decline leading the LTC price to $59.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Our calculator works out how much Litecoin would be worth in USD and GBP, depending on how much you hold or are looking to purchase. Our charts below show you Litecoin’s performance over time as well as its all time high.

Exchange BTC

People are purchasing Litecoin because it has a larger supply than Bitcoin, with a maximum limit of 84 million LTC. Additionally, Litecoin has reduced the time it takes to generate blocks to only 2 ½ minutes, compared to the 10 minutes it takes on the Bitcoin network. This makes Litecoin a quicker option for sending and receiving transactions. Bitcoin halving events are predetermined and built into the Bitcoin protocol.

  • Use your Litecoin to purchase goods and services from any participating merchant that accepts Litecoin and cryptocurrency.
  • However, Bitcoin miners are exploring the potential of harnessing cleaner energy sources could solve Bitcoin’s energy consumption problem.
  • Currently, PayPal does not offer direct purchases of digital currencies through its platform, although you can make payments with your digital assets on PayPal.
  • While most of the major cryptocurrencies set new all-time highs in November 2021, Litecoin could not do the same.
  • The easiest way of making money with Litecoin is to buy low and sell high.
  • Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.

$SMOG holders can generate airdrop points and receive huge rewards by holding the token. Smog has also reserved 140 million tokens for future centralized exchange listings. The token opened with a $2 million market cap and soared to more than $28 million in under 24 hours – a price rise of over 1,300%. Since then, it’s continued its upward trajectory and is up more than 5,200% after a week since launching. It’s widely accepted for payments in the crypto world, and increasingly in the real world as well.

Which is the best crypto to buy?

While we are independent, we may receive compensation from our partners for featured placement of their products or services. The best large-cap meme coin to buy now is Dogecoin, which has demonstrated it has staying power through all conditions. The best new meme coin to buy now is Frog Wif Hat, which is hoping to surpass the success of $WIF, and now has a $400 million market cap. It is also a good idea to see how much competition the respective crypto asset has.

how to buy litecoin

Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.