You will notice the new options that have become available below the order form. To activate the repeat feature, click the first option labeled [Repeats] and choose the frequency of your recurring order. Choose either Bank Deposit or Debit card by clicking on the corresponding [+] symbols next to each option. To buy LTC coins, use the third column to the right with the title “Anything to Anything,” meaning to convert any supported asset to another supported asset. Uphold maintains a separate user interface for informational purposes and another for account use.
After all, FCA brokers must keep client funds in a segregated bank account. When It comes to cryptocurrencies like Litecoin, the broker has an obligation to keep your investment safe. In addition to this, all FCA brokers selling Litecoin must perform KYC checks – meaning account holders need to upload a photo ID. If you’re looking to diversify your portfolio by investing in a selection of different cryptocurrencies, have you considered Litecoin? This digital coin has held its own as a top-10 cryptocurrency since it was launched in 2011. In this guide, we show you how to buy Litecoin in the UK online.
How To Buy Litecoin (LTC)
Also, you can add quizzes to your watch list and receive an email once you can earn some more crypto. Non-fungible Tokens (NFTs) come in different forms like tickets, digital art, and online land. This technology lets you generate a completely unique token that cannot be copied by another individual.
- We cannot outright say whether or not Litecoin is a good investment.
- This makes digital currency a possible long-term alternative to gold.
- There are other products on the market not included in our picks.
- Long-term holding is highly profitable, which is the best strategy for several investors.
- Several hot coins or cryptos are shilled by social media influencers and public figures and dumped when the price reaches a peak.
- Bitcoin and Litecoin plummeted in value, slumping to $113.16 on July 19.
You’ll also find information about how to use a crypto platform, the investment potential of LTC, payment methods, wallets, and UK laws and tax guidance around Litecoin. By the end of this guide, you should be armed with all the information you need to safely and confidently buy LTC in the UK. Cryptocurrency offers the advantages of having no middlemen like banks, but it also comes with the responsibility to secure your own funds. If they are hacked or stolen, there is no one you can complain to. Binance is the most trusted cryptocurrency exchange in the industry and the best place to buy Litecoin. However, you cannot deposit Fiat currencies like US Dollars or Euros on Binance, though you can use various other crypto-to-crypto payment methods.
How Much Does it Cost to Buy Litecoin?
For example, if you simply buy Litecoin and hold onto it, you won’t owe any tax. Litecoin’s price is known to change rapidly and swing wide i.e. https://www.tokenexus.com/ change quickly and by a considerable amount. For traders, this is good news as it presents opportunities to profit from this volatility.
Looking at the technical analysis of Litecoin’s future price, we notice that the coin is expected to be traded below $100 throughout 2023 with an average price of $96. Designed to be a faster and cheaper alternative to Bitcoin, Litecoin launched in 2013 at a price of slightly over $4. Litecoin’s value skyrocketed in 2017 until, eventually, it hit an all-time high of $301, increasing by over 7400% compared to its initial price. This is great for traders who want to liquidate their position when making a profit. Some are for speculation on the open market, and others are more attracted to its faster validation process.
How to Buy Litecoin – Quick Guide to the Best Brokers for Buying Litecoin in October 2023
For the former, visit the main website at Uphold.com, while the latter can be accessed through wallet.uphold.com. The easiest way to access the account interface is to visit the main website then click on the login link on the right side of the main navigation bar. You should always check with the product provider to ensure that information provided is the most up to date. These are similar coins to Litecoin that you may be interested in learning about and potentially buying. You can mine Litecoin to help facilitate transfers and earn rewards based on your computational power. However, if you have a low budget, avoid mining, as you need a decent initial investment to get started.
- However, despite the recent crash, many belive that Litecoin is still one of the most promising cryptocuurency, trading at a discount.
- You can use crypto wallets like eToro crypto wallet to keep track of your investment, especially if you are a trader.
- We covered how to buy Litecoin with GBP and exchanges where you can do so.
- However, as you can see from above, limit orders are a great way to enter the market on your own terms so to speak.
- If you’re a new investor looking to add Litecoin to your portfolio, then you may want to keep these points in mind before making a purchase.
- For example, if Litecoin is trading at £100 and they want to invest £50, they’ll own 0.5 LTC.
If you are looking for exchanges to buy Litecoin from, we also recommend this great list from Invezz with reviews of each platform. It was a fork of Bitcoin’s code with some important modifications. The cheapest provider to buy Litecoin is Binance.US, with fees starting at 0.1%. In addition, if you hold the BNB token in your portfolio, you’ll receive a discount on fees.
Physical and Hardware Wallets
You’ll find the spot market under a “Trade” or “Spot” heading on the site or app menu of the platform you’ve chosen to use. If you see colourful charts with a range of prices, you’re probably in the spot market. Most exchanges let you buy as little as £5 worth of LTC, if not less. Just type in how much you how to buy litecoin want to spend in GBP and let the exchange work out the rest. Don’t worry too much about extra features or coins for now – you can always sign up with another exchange later. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Litecoin in the UK.
To make an instant purchase, you will need to open an account with a regulated broker. Once you complete the registration process, you will buy Litecoin in seconds. There are so many brokers that now offer Litecoin trades compared to a few years ago. However, we recommend eToro given its reputation in the burgeoning crypto space. Cardano is also in the same fold as Ethereum and is set to change the entire DeFi and blockchain ecosystem. Despite being in development, Cardano currently occupies the third position on the crypto chart.