"Digital silver", the Bitcoin little brother, is considered one of the earliest alternative cryptocurrencies. All of these are different ways of referring to the same digital asset - Litecoin (LTC). Originally intended as a substitute for the fiat currency for everyday transactions, it is now most commonly employed for investment and trading.
Litecoin is a cryptocurrency that has been through multiple eras and has proven its stability. It's also more affordable, more consistent than other assets, and demonstrates a less dramatic variation than traditional investments. However, similar to other cryptocurrencies, it has a significant value for speculation.
How to buy Litecoin (LTC) on Binance?
Binance is the most popular cryptocurrency exchange by trading volume. LTC is available in a wide variety of ways: through a credit or debit card, a bank account that is replenished by way of P2P, or any other form of exchange. In this article, we'll discuss the 1st approach.
To purchase LTC on the Binance exchange, you need to follow these steps:
1. Install the Binance app on your phone or visit the website.
2. Go through the registration and verification processes.
3. Go to the Buy Crypto section.
4. Enter the currency and the amount that you want to give.
5. Select LTC as the cryptocurrency that you want to receive.
6. Select the available payment method, and choose the payment account or bind the payment card.
7. Confirm the transaction by pressing Buy LTC.
8. Check if the LTC has been deposited in the wallet.
Remember that Binance suggests purchasing LTC with stablecoins in order to have a better association with the coin.
How to buy Litecoin (LTC) with Kolo?
Kolo is a cryptocurrency platform that supports multiple currencies. It's functional as a means of payment that facilitates the purchase of cryptocurrency. One significant bonus is that it's dependable and safe, not only during the purchasing process, but also during storage. All assets are safeguarded by a new system of encryption.
To purchase LTC, you need to follow these steps:
1. Go to the Kolo website and log in to your account.
2. Visit the Exchanger section in your profile and choose the Buy crypto section.
3. Enter the desired amount of LTC and provide your LTC wallet address
4. Add all the necessary personal information. After that, confirm the purchase.
How to buy Litecoin (LTC) on Coinbase?
Coinbase is the second-largest cryptocurrency exchange in the world. It's the most conservative and committed to law exchange. It only follows the rules that are established by the regulators.
In order to purchase LTC, you need to:
1. Visit the Coinbase website.
2. Go to the Buy crypto section and select the asset you'd like to purchase (LTC).
3. Enter the amount of crypto you want to buy and select the payment method.
4. Check the transaction details and confirm your purchase, if the information is correct.
Conclusion
The practice of trading cryptocurrency is now as simple as paying a fee on your cell phone. However, don't forget that you must preserve your cash. Only choose exchanges, exchangers and wallets that are dependable and trusted. The responsibility for your own digital assets is solely on you.
