There are 3 best ways to purchase Litecoin, using:
Exchange platforms where one can exchange Bitcoin for Litecoin
PayPal is one of the most trusted ways to purchase any cryptocurrency. Its application is simple and it does not charge a hefty amount for purchasing the cryptocurrency. Only a minimal transaction fee is applicable.
Purchasing Litecoin via PayPal
It is quite easy if you know how to proceed. The steps are as follows:
You first need to sign in to Virwox
The next step would be to deposit funds using your PayPal account
You then need to find the 'Buy SLL (Second Life Lindens)' option and click on the same
Now you have to buy Bitcoin using the purchased SLL
Transfer the BTC tokens to your personal wallet after the purchase
Exchange them for Litecoin through a reputed exchange platform
You can exchange Bitcoin through various online websites like Bittrex. But one should always remember to check the ratings and reviews of the preferred platform so as to avoid any fraudulent activity.
Purchasing Litecoin by Credit/Debit Card
Before you decide to purchase Litecoin with debit/credit card, it is necessary that you choose the online website wisely as there are many websites that charge a lot of money while making the transaction. You should always remember to get your personal Litecoin wallet before purchasing it, as you cannot leave your currency on any exchange platform.
Steps to purchase Litecoin by Credit/Debit Card
Register yourself on the exchange platform that you have selected
Select the currency type
Insert the amount
Confirm the transaction
Check the details
Enter the Litecoin wallet address
Enter the payment details
Exchange Bitcoin for Litecoin
Steps to purchase Litecoin in exchange for Bitcoin
Select 'Bitcoin to Litecoin' option
Click on the 'exchange' option
Enter the amount
Click on 'exchange'
Receive Litecoin in your wallet
There are various online websites which allow you to sell Litecoin, but up to a certain limit. It is not necessary that you can exchange all your LTC at the same time. It is advisable to check the payment method and the country you live in. Many websites work in the U.S, but they do not accept transfers from Australia and vice-versa.
Steps to sell Litecoin online
Choose the online website
Click the currency you want to sell
Select your account in which you want to deposit the money
Tap on the 'sell' button
Mention the amount of Litecoin you want to sell
Check the verification code
Note: It may take up to a week to transfer the funds to your bank account.
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