How to buy Litecoin safely?

Litecoin is already trading over $70 on most exchanges.You can buy Litecoins using a credit card, Paypal and wire transfers.

Remember that using the credit card and Paypal might have cost more than using the wire transfer. This is due to the fact that if you buy Litecoin with Paypal or a credit card the seller has the risk of your requesting a chargeback on the transaction.

Buy Bitcoin at CEX.IO

Before you buy your Litecoins first thing you should do is to get a wallet to store them. Some of the most wallets for Litecoin are Coinbase, Exodus and Jaxx. There are some for better security to keep your Litecoins you can use hardware wallets like TREZOR or Ledger to store them as well.

One of the main problem is that its hard to buy Litecoins. Most exchanges trade it only for Bitcoins these days but it gets better. One of the options, you have is to buy Bitcoins and then exchange them to Litecoins on exchanges like Polonix, BTC-e or Shapeshift.

Once you decide on what exchange you are going to use to buy Litecoin, open an account and buy the Litecoins. The important point is to just make sure to withdraw the Litecoins from the exchange to your personal wallet. Never leave coins in an exchange as you risk losing them if the exchange gets hacked or shuts down.

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1 Response

  1. 20/12/2017

    […] Altcoins considered as Bitcoin alternatives. […]

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