Buy Litecoin (LTC) with Credit or Debit Card Online Instantly

Who Created Litecoin?

Litecoin was created by Charlie Lee, a former Google engineer and cryptocurrency enthusiast, in October 2011. Charlie Lee set out to create a digital currency that would overcome the limitations of Bitcoin and offer faster transaction confirmation times, improved scalability, and a different mining algorithm that would make it more accessible to a wider range of individuals. Inspired by Bitcoin, he developed Litecoin as an open-source project touted as “the silver to Bitcoin’s gold,” which gained significant popularity over time. Charlie Lee's creation of Litecoin has made him a prominent figure in the cryptocurrency community, and he continues to actively contribute to its development and advocacy.

How Is Litecoin's Market Price Determined?

How does the Litecoin price get determined? It's not like traditional currencies where banks and central banks make the decisions.

For cryptocurrencies, especially decentralized ones like Litecoin, the price is dictated by the market movements. It's all about supply and demand – when there's high demand, the price goes up, and when demand is low, the price drops.

The value of Litecoin depends on how many coins are bought and sold. Unlike traditional currencies, it has a limited supply of 84 million coins. So, every time you buy or sell Litecoin, even if it's a small amount, you're contributing to the price swings.

There are multiple factors that can startle the crypto market and in turn affect the LTC price.

• First, there are legal and tax regulations that can change from time to time and impact investor decisions.

• Then, there's the reputation of Litecoin, which is affected by how the media portrays it and how the public perceives it. Innovations in the cryptocurrency world also play a role in reputation, and being linked to decentralized finance is definitely an advantage for Litecoin.

• Market supply is another factor to consider – the number of new coins being mined affects the overall supply of Litecoin.

• Additionally, Bitcoin's price can have an indirect influence on the price of Litecoin, as they are often seen as interconnected in the cryptocurrency market.

• Lastly, the real-world applications of Litecoin, or what you can actually buy with it, also put a pressure on its value.

Why Buy Litecoin (LTC)?

If you're considering purchasing Litecoin, there are several reasons why it can be a profitable investment.

Increasing Adoption by Major Institutions

Litecoin has gained significant adoption from mainstream institutions since its inception. Major merchants like BitPay and Travala accept LTC as payment, with over 3,070 merchants taking LTC coins as of now. This widespread acceptance demonstrates the real-world applications and potential of Litecoin.

Real-World Use Cases

Litecoin has also been adopted as a payment method by well-known companies, such as the Canadian internet service provider Oxio. Its popularity among new customers played a role in this decision. Moreover, the Litecoin Foundation announced that Visa would enable LTC holders to spend their cryptocurrency via the Litecoin Card. These developments further establish Litecoin as a viable investment option.

Faster Transaction Processing

Another reason to purchase Litecoin is its four times faster transaction processing compared to Bitcoin. While Bitcoin takes approximately 10 minutes to generate a block, Litecoin only takes around 2.5 minutes. This efficiency makes Litecoin ideal for small and quick transactions.

Strong Team and Community

Litecoin boasts a solid team, led by its creator Charlie Lee, which contributes to its success. Additionally, the project has a passionate and extensive community dedicated to improving and enhancing the cryptocurrency. This collaboration between the team and the community strengthens Litecoin's position in the market.

Long-Term Potential

Considering all of these factors, Litecoin has the potential to be a successful long-term investment. It possesses the necessary characteristics of a thriving cryptocurrency and shows promise for adoption by mainstream institutions. With its faster transaction speeds, lower costs, enhanced security, dedicated team and community, and a solid market cap, Litecoin might offer a good investment opportunity for the long haul.

Before you invest in Litecoin or any other crypto asset, you should perform your own research and evaluate your personal risk tolerance. LTC is a volatile asset, meaning its price can change radically within short periods. Lacking censorship and government control, market behavior of cryptocurrencies like Litecoin is hard to predict, and past performance of a digital asset does not guarantee the same performance in the future. Purchase Litecoin with caution.

Best Ways to Buy Litecoin (LTC) Safely

If you want to purchase Litecoin safely, your best bet is to use a reliable platform for cryptocurrency exchanges, such as Changelly. Crypto exchanges allow you to buy LTC online, from the comfort of your home.

Such platforms are perfectly optimized for beginner traders, as they support multiple ways to invest in cryptocurrencies with ease, including debit and credit cards, wire transfers, e-wallets, and more.

Online crypto exchanges prioritize security by implementing strong encryption methods and utilizing two-factor authentication to create a secure environment for cryptocurrency transactions. When it comes to Changelly, it stands as one of the leading cryptocurrency exchange platforms to buy Litecoin instantly. Users have the convenience of buying, selling, and swapping digital assets directly from their own personal wallets.

Changelly has this nifty tool called the Best Rate Guarantee. So, here's the deal: when you start buying Litecoin (LTC), Changelly's fancy algorithm goes on a mission. It checks out a bunch of different cryptocurrency exchanges and liquidity providers that it partners with to find you the absolute best exchange rate for your transaction.

Once you see that rate at the start, it's locked in for the whole shebang, no matter how the market swings. Changelly's got your back! Even if the rate changes before the transaction is completed, you will still receive the initially quoted rate. With the platform’s some of the lowest fees in the industry equal to 0.25% per trade, investing in cryptocurrencies through Changelly becomes truly beneficial.

How to Buy Litecoin with a Credit and Debit Card

Purchasing Litecoin with a credit or debit card is not a rocket science. This digital asset is available on over 240 major exchanges, including Changelly, and most of them are eager to accept credit and debit cards issued by Mastercard, VISA, Union Pay, and American Express.

Here is an easy step-by-step guide to how you can become a proud owner of LTC using your credit or debit card.

Search for a trusted Exchange

Start by exploring different cryptocurrency exchanges that offer Litecoin trading and comparing their features. Look for well-established platforms that have a good track record of security, positive user reviews, and low fees.

Create an Account

Once you have selected a company that suits your needs, visit their website and open an account, which is often free. As a rule, you will need to include your valid email address, devise a strong password, and agree to the terms and conditions of the provider.

Pass KYC Check

In order to comply with regulations and secure their platform against different risks, most exchanges mandate users to complete a Know Your Customer verification procedure. This commonly involves uploading a picture of your valid ID document, such as a passport or driver's license, as well as taking a selfie or completing a facial recognition procedure on the platform before you can buy Litecoin.

Purchase Litecoin with a Credit or Debit Card

As soon as your account is verified, go invest in LTC! Navigate to the "Buy Crypto'' section on the exchange's website, choose Litecoin as your coveted cryptocurrency, enter how many LTC coins you wish to purchase, and pick the payment method as "Credit Card/Debit Card". The platform will instruct you on how to enter your card details, so you can quickly complete the transaction. Once the Litecoin purchase is successful, your coins will instantly drop into your wallet.

Keep in mind that when it comes to buying Litecoin (LTC) from crypto companies, there are two types to consider: custodial and non-custodial.

With a custodial crypto exchange, your LTC tokens will be stored in a vault integrated within the same platform, and it will be kept online for you.

With a non-custodial service like Changelly, you'll need to provide your personal wallet address when purchasing LTC. If you don't have a wallet yet, don't worry! Changelly can help you get one right away. We've partnered with top crypto wallet providers such as Ledger and Trezor to ensure that you can securely store and manage your cryptocurrencies after making an investment.

How to Buy Litecoin with Bank Transfer

When you want to buy Litecoin online using a wire transfer (for example a SEPA bank transfer), the process is similar to utilizing a debit or credit card. First, you find a trustworthy cryptocurrency exchange (such as Changelly), set up an account, verify your identity, and start the process of buying Litecoin.

Instead of choosing a card payment, you select "Wire Transfers/Bank Transfers" and enter your bank account details. Once you review the Litecoin transaction and confirm the payment, your dear Litecoins will be released to your wallet.

Note that, when you want to buy Litecoin, your bank may charge a transaction fee for sending money from your bank account to that of a crypto exchange. Wire transfers also take longer to settle compared to other payment methods, so you may need to wait several days for your crypto coins to arrive.

How to buy Litecoin with Apple Pay or Google Pay

Apple Pay and Google Pay often act as a preferred payment method when it comes to buying Litecoin or other cryptocurrencies online.

Both Apple Pay and Google Pay offer great security features. With Apple Pay, your transaction details are encrypted and tokenized, meaning your actual card details are not shared with the seller. Apple Pay also requires Touch ID or Face ID authentication for every transaction, adding an extra layer of protection.

On the other hand, Google Pay utilizes multiple layers of security, including encryption and tokenization, to keep your payment information secure. Additionally, Google Pay requires your device to be unlocked or authenticated before a transaction can be completed. These security features help safeguard your personal and financial credentials when purchasing cryptocurrency through these payment schemes.

Many cryptocurrency exchanges, including Changelly, allow users to buy cryptocurrency using Apple Pay or Google Pay. To purchase LTC, you need to visit the iOS App Store or Google Play Store (depending on whether you have an Apple or Android mobile device). Then you need to find and install the mobile application of your chosen crypto platform and log in to your account (or create one if you're a new user).

From there, you can initiate the LTC purchase process. Select the target crypto asset from the list of available cryptocurrencies, specify the amount of LTC you wish to purchase. Next, choose your preferred fiat currency (like US Dollar or Euro), and pick "Apple Pay and Google Pay" as your payment option.

After confirming the transaction as prescribed by your Apple Pay and Google Pay system, the crypto platform will swiftly transfer LTC tokens to your wallet. Now you are one of the LTC holders!

How to Buy Litecoin (LTC) with PayPal

Customers in certain countries, such as the U.S. and U.S. Territories, can buy Litecoin, Bitcoin Cash, Bitcoin, and Ethereum directly via PayPal. PayPal can also be used to sell Litecoin or other supported cryptos, as well as to store and transfer assets to and from the platform.

Apart from allowing you to purchase a few virtual currencies, PayPal also enables seamless crypto-to-fiat conversions, called "Checkout with Crypto" feature. With it, you can use PayPal crypto balance to buy products and services at stores, paying with LTC like you would do with traditional fiat currencies.

If you're in a location where your PayPal account can't be used for crypto investing, don't worry! There are workarounds available. Peer-to-peer exchanges, like Paxful and Simplex, enable transactions with PayPal funds. All you need to do is set up an account and publish a bid to purchase or sell Litecoin, specifying your preferred payment method and desired price.

Some crypto brokers, such as eToro, have also jumped on the crypto trading bandwagon and now accept PayPal as a funding source. These brokerages may even offer advanced trading features like futures contracts on Litecoin, allowing traders to speculate on its future value without actually owning the coins.

A few exchanges, like VirWox, allow users to buy and sell various cryptocurrencies, including Litecoin, using PayPal as a payment method. However, not all large crypto exchanges can support PayPal as a deposit mode, or they may have certain limitations or requirements in terms of verification, fees, or transaction limits. You should review the terms and conditions of each trading platform before making any transactions.

How to Buy Litecoin from an ATM

With a crypto ATM (automated teller machine), you can buy Litecoin instantly. These cryptocurrency vending machines, adorned with sleek design and cutting-edge technology, provide a gateway to the realm of digital currencies.

With a simple swipe or tap, they unlock investment possibilities for crypto enthusiasts and novices alike. In mere seconds, a crypto ATM can transform your physical cash into the digital currency like Litecoin, letting you enter the crypto market with little to no effort. Here is an instruction to purchasing Litecoin from an ATM.

Get a Litecoin Wallet

You should get an LTC-friendly wallet before you buy Litecoin from a machine. You'll need to bring this wallet (or a printed QR code) along with you, to the machine. Note, if your crypto wallet does not support Litecoin, you will lose your investment.

Find a crypto ATM near You

Websites like Coin ATM Radar allow you to identify crypto or Bitcoin ATMs in your location. You can customize your search by the desired crypto asset, supported fiat currency, and the nature of operation (“buy or sell”). All you need is the QR code for your wallet address and some cash.

Scan a Crypto Wallet QR Code

To get started, simply go up to the machine and give its touchscreen a gentle tap. It'll come to life, guiding you through the whole process.

Next, choose the cryptocurrency you want to work with – in this case, go ahead and select LTC (you can buy Bitcoin Cash or any other supported coin, too).

Now, retrieve your digital wallet and locate the QR code associated with your Litecoin address. Hold it up to the machine's camera, so it can scan it and have all the necessary information to send your LTC to the right place once you're done.

Keep in mind that for bigger LTC transactions, you might need to verify your identity. But don't worry, it's just a precautionary measure to ensure everything goes smoothly.

Complete Buying Litecoin

Once you've scanned the QR code, the ATM will prompt you to insert your banknotes to purchase LTC. To complete the purchase, simply confirm the amount of currency you've deposited on the screen. Keep in mind that there may be a transaction fee, which can vary depending on the ATM operator and the current Litecoin market price.

Send Litecoin to the Wallet

After completing the Litecoin purchase, your crypto assets will be sent to the address you provided. Usually, transactions happen quickly, although in rare instances it may take several minutes, depending on the Litecoin network congestion.

How to Buy Litecoin with Cash

If you are not ready to buy Litecoin online using the fiat currency held on your card or bank account balance, there are multiple ways to incorporate hard cold cash.

The platform LitecoinLocal net presents the easiest way to find people buying/selling Litecoin for cash.

Other ways to buy Litecoin with cash include the Local Litecoins subreddit and this Facebook group. Expresscoin supports cash deposit at Credit Unions participating in Shared Branching.

247exchange supports cash deposit for buying Litecoin and express cash transfers (via MoneyPolo and its partners) all over the world.

CoinTouch helps you find people willing to buy and sell Litecoin in your extended social network, for cash trading (or other payment options).

How to Buy Litecoin with a Prepaid Card

Prepaid cards are a convenient way to make payments because they already have money loaded onto them. They're great for managing your spending and staying within your budget. When the funds on the card run out, just add more money to it so you can keep making purchases.

There are plenty of places where you can use prepaid cards to buy Litecoin. To get started, follow these simple steps:

1. Find a trustworthy crypto trading platform or exchange that accepts prepaid cards for Litecoin transactions.

2. Create an account on the platform you choose by entering your email, full name, phone number, and password. Remember to activate your account by clicking on the link they send to your email.

3. Provide the necessary documents to verify your new account. This step might take some time, but some platforms may let you access certain features without going through the KYC process.

4. Once your account is verified, enter the details of your prepaid card to make your Litecoin purchase. Specify the amount of LTC you want to buy and wait for the transaction to be confirmed.

5. Check your wallet to make sure the Litecoin was successfully sent. You can do this by going to your wallet and checking the balance of your LTC.

With these simple steps, you can use your prepaid card to buy LTC hassle-free.

What Can You Buy With Litecoin (LTC)?

An online service cryptwerk com offers a map of all the places where you can spend your precious Litecoin (LTC). There are over 3200 companies, service providers, and merchants worldwide eager to trade their goods and services for your LTC coins. You can easily spend your LTC crypto on shopping, gaming, traveling, renting, web development, gambling, and even luxury. Cryptwerk allows you to search for Litecoin-friendly companies by location or by a category of goods/services.

Another way to spend Litecoin is through a crypto debit card. Providers, like Wirex, Coinbase, Cryptopay, and Revolut, allow you to get a Litecoin debit card that works similarly to a traditional VISA or Mastercard. It means, with such a card, you can spend your LTC crypto like traditional currency, both online and at brick-and-mortar stores.

Where to Store Your Litecoins?

You have a few options when you need to safely store Litecoin (LTC). Litecoin can be stored in a digital wallet, specialty hardware device, or online through a crypto exchange. You can manage, store, and send fractions of a coin to anyone else who has an LTC wallet, no matter where they are or what time it is, as the Litecoin network runs non-stop.

Litecoin wallet types include:

• Hardware wallets. A hardware wallet is alternatively called a cold storage wallet because it presents a physical USB-like device that is offline. A cold wallet is a physical key to the crypto world.

• Mobile wallets. A mobile wallet refers to hot storage solutions because they exist in an online realm. Installed on your mobile device, such a wallet lets you store LTC, send, receive, and trade cryptocurrency on the go, with a private key generally kept in the confines of your device.

• Web-based wallets. Such a cryptocurrency wallet is also hot storage and presents an online exchange or browser extension. Hot wallets often offer plentiful features to users, such as interest-bearing accounts, portfolio tracking, crypto purchases with fiat currencies, and more. Yet they are online, meaning they are exposed to various cyber threats.

• Desktop wallets. Such a wallet is downloaded to your PC. Litecoin Core is the official wallet of Litecoin and a full node Client. It allows you to store, sell, send, and buy Litecoin instantly. Managing transactions and issuing money are carried out collectively by the network. Litecoin Core is the name of open source software which enables the use of this currency.

How to Cash Out Litecoin?

To sell Litecoin for cash, you can rely on the same platforms where you initially bought the cryptocurrency. These include cryptocurrency exchanges, P2P marketplaces, PayPal, and crypto ATMs. The process for selling Litecoin is often similar to purchasing it.

Fees are charged by different platforms based on your trading volume. Some companies may also charge withdrawal fees when customers cash out their LTC via a specific modus, for example, to a bank account or third-party payment system.

A few exchanges typically establish daily and monthly withdrawal limits, which may stop you from withdrawing large amounts of LTC.

Other platforms may have no restrictions on how much LTC you can sell and withdraw.

You can actually trade Litecoin for cold hard cash by using gift cards. There are a bunch of online platforms and marketplaces where you can trade LTC for gift cards from big-name stores, like Amazon, Walmart, and iTunes. Just remember that these platforms usually charge a fee, which depends on how much LTC you want to trade and which gift card you want to get. Some popular options for exchanging Litecoin for gift cards include:

• Bitrefill

• eGifter

• Gyft

• Fold App

• Purse io