How to buy Litecoin (LTC) quickly
Wondering how to buy Litecoin right now? Then look no further – the four steps below will show you how to do it without paying a single commission.
Binance is one of the best places to buy Litecoin. Registration is quick and easy, and the exchange offers very good liquidity.
Binance also lists a huge selection of other cryptos, so you can easily convert your LTC into another token later.
- Open an account with Binance – Binance allows you to buy cryptocurrency CFDs with 0% commission, making it a great broker to buy Litecoin (LTC). Click HERE to create a new account.
- Upload an ID – Binance adheres to the strictest security guidelines, so you must identify yourself before trading. Upload proof of identity (copy of driver's license or passport) and proof of address (copy of bank statement or utility bill) to verify your identity.
- Deposit – Deposits to Binance can be made via credit/debit card, bank transfer or various e-wallets.
- Buy Litecoin – In the “Buy Cryptos” section, Select “LTC” from the drop-down bar, fill in the amount (€) you wish to invest and click “Buy LTC” right below.
Buy Litecoin (LTC) with Binance
Since its launch in 2016, Binance has become one of the largest cryptocurrency exchanges in the world. The fact that Binance offers the ability to trade over 150 digital assets (including Litecoin) makes it far more attractive to crypto investors than any other platform.
1. Creating a Binance Account
- Your valid email address (You will need to verify your account via email).
- A secure and hard to find password
Registration is a similar process to any crypto exchange. Enter your contact information, set up your security measures and authentication (2-factor authentication is always recommended for added security), and submit several KYC documents.
Once you are logged in and your account has been verified, you will need to make a deposit to Binance.
2. Account validation
Like other financial institutions, major cryptocurrency exchanges around the world make KYC (Know your Customer) verification mandatory for uninterrupted access to their services. Don't panic, it's pretty simple, all you need to bring is:
- Piece of identification
- Proof of address
3. Buy the Litecoin via Binance
As for the 3ᵉ step, all you need to do is go to the “Buy Cryptos” section in the navigation bar of Binance, then choose the “Debit/Credit Card” option (Best Option)
Once you are on the purchase page, the procedure is very simple, just select Litecoin (LTC) from the list, and then enter the amount in Euro (€) you wish to invest.
The last step is to simply click “Buy LTC“; The total amount of your investment will be displayed right below, including fees. (5% off LIFETIME fees by clicking HERE)
All you have to do is make the payment. Don't panic if the LTC doesn't appear instantly on your account, there can be a delay of about ten minutes between the purchase and the reception of the cryptos.
There may be times when Binance does not allow direct purchase of Litecoin (LTC). Don't panic, they've got it covered, the procedure is just slightly different:
You might have noticed, Binance allows you to trade many cryptos against Litecoin (LTC). Take for example BNB/LTC, this means that it is possible to trade Binance Coin (BNB) against Litecoin (LTC).
In this case, simply get BinanceCoin (BNB) and then exchange them for Litecoin (LTC). To do this, followed the same strategy as in step 3 by choosing BinanceCoin (BNB) from the drop-down list.
Once you have your BNBs in your pocket, you need to access the trading system by clicking on “Markets” in the navigation bar; Type “LTC” in the search bar on the right, and then click on the “Trade” button on the “BNB/LTC” or “LTC/BNB” line.
A new page with a graphic appears, although it may seem confusing, don't worry, just enter the amount of Litecoin you want to buy below “Buy LTC“.
A progress bar is provided, if you want to exchange 100% of the BNBs you bought before for LTC, just drag the slider to the right (up to 100%), then click the “Buy LTC” button.
Congratulations! You have purchased your first Litecoin (LTC) on Binance.
Graph of LTC
Why choose Binance to get Litecoin?
Binance is the world's largest cryptocurrency exchange platform in terms of the trading volume. It was founded in 2017 by Changpeng Zhao, a developer who also designed the high-frequency trading systems Fusion Systems in 2005.
Binance's primary function is crypto-to-crypto trading. Its low transaction fees, liquidity, and extra discounts for native Binance cryptocurrency (BNB) payments are what attract many users from all over the world.
Although Binance is not difficult to use if you have prior experience with online cryptocurrency exchange platforms, Binance Academy helps anyone new to the world of cryptocurrency trading, which is why we chose it regarding buying Litecoin.
Binance offers services around trading, quoting, fundraising and delisting or withdrawing cryptocurrencies. It is open to new cryptos as it offers the ability to launch new tokens by raising funds through an initial coin offering (ICO).
When should you resell your Litecoin?
Finally, once you buy and understand the crypto Litecoin, with the help of its price prediction, you will be able to guide yourself to know when the price is likely to rise or fall.
Often, the right time to sell the Litecoin is when you think the price has just peaked, and a correction is about to occur. At that point, it would be wise for you to take profits.