How To

How to Buy and Sell Litecoin?

There are 3 best ways to purchase Litecoin, using:
  1. PayPal
  2. Credit/Debit Card
  3. 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:
  1. You first need to sign in to Virwox
  2. The next step would be to deposit funds using your PayPal account 
  3. You then need to find the 'Buy SLL (Second Life Lindens)' option and click on the same
  4. Now you have to buy Bitcoin using the purchased SLL
  5. Transfer the BTC tokens to your personal wallet after the purchase
  6. 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
  1. Register yourself on the exchange platform that you have selected
  2. Select the currency type
  3. Insert the amount
  4. Confirm the transaction
  5. Check the details
  6. Enter the Litecoin wallet address
  7. Enter the payment details
  8. SMS verification
  9. Litecoin received
Exchange Bitcoin for Litecoin

Steps to purchase Litecoin in exchange for Bitcoin
  1. Select 'Bitcoin to Litecoin' option
  2. Click on the 'exchange' option
  3. Enter the amount
  4. Click on 'exchange'
  5. 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
  1. Choose the online website
  2. Click the currency you want to sell
  3. Select your account in which you want to deposit the money
  4. Tap on the 'sell' button
  5. Mention the amount of Litecoin you want to sell
  6. Check the verification code
Note: It may take up to a week to transfer the funds to your bank account.

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