🔥 Buy Litecoin Guide | Paypal, Credit Card & SEPA
In addition to Bitcoin, there are countless other cryptocurrencies that are extremely promising. This includes Litecoin, among others. The fact is: If you want to speculate with digital currencies, you don't always have to come into contact with Bitcoin - Litecoin is definitely an interesting alternative. Mainly because the Litecoin has a significantly lower price than the Bitcoin. If the Bitcoin (as of mid-November 2020) is around 16.200 US dollars, the Litecoin price is 65 US dollars.
Litecoin is a classic peer-to-peer crypto currency that was published on GitHub on October 7, 2011 via Litecoin Coire, an open source client. Charlie Lee is considered to be the inventor of Litecoin.
Buy Litecoin from Germany Instructions:
Crypto fans from Germany have the opportunity to buy coins of the crypto currency Litecoin via crypto exchanges. The crypto exchange eToro may be particularly recommended here. However, eToro is not a classic crypto exchange, but also a broker or a social trading platform. This means that eToro is also interesting for all those users who not only want to invest in Litecoin in the long term, but also want to speculate with the price development. Furthermore, not only cryptocurrencies are available on eToro – countless assets can be traded here.
Step 1: Register with eToro
If you are convinced of Litecoin, you can then buy coins of this crypto currency via the crypto exchange eToro. It should be mentioned that registering with eToro is quite simple. eToro only requires new users to provide their first and last name, a password and an email address. This means that the entire registration process only takes a few moments and will not be a challenge even for those who have never had anything to do with such a platform. Once the account has been opened, the next step is the deposit. But this much can already be revealed here: Depositing will not be a challenge either - and the multitude of deposit options guarantees that the preferred deposit option will certainly be there.
Start on eToro, the test winner crypto broker from Bitcoin-News.one
SIGN UP NOW68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Crypto investments are made by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.
Step 2: Deposit with PayPal, credit card or instant transfer
Payments can be made by credit card, direct transfer or PayPal. It should be noted that these are payment methods that enable the money to be available in the account immediately. If you use a bank transfer, for example, you have to be patient for a few days. Other deposit methods include Giropay, Skrill and Neteller.
Step 3: Buy and sell Litecoin (LTC)
If the money is in the eToro account, you can search for the crypto currency Litecoin.
You can then buy coins or speculate with the price development.
It should be noted that buying coins of a crypto currency is possible without any problems, but one should never underestimate the volatility. That means it is important never to lose sight of the crypto market. Because it can always go steeply upwards and downwards. It is therefore important to ask yourself in advance at what price you want to buy or sell coins.
Incidentally, the purchased coins are stored in the eToro wallet. This is a digital wallet that is offered directly by eToro.
If you have sold the coins at a time when the cryptocurrency has reached the desired price level, the sales price is credited. The money can then be transferred to the reference account.
Litecoin (LTC) buy deposit methods
The following deposit methods are available to subsequently buy Litecoin. It should be noted that there are, however, different processing times and specifications.
Litecoin (LTC) buy PayPal
If you use PayPal, you can very well top up your eToro account via this online payment service provider. It should be noted that this is probably one of the most time-saving options. Incidentally, if you discover that there is not enough money on your PayPal account, you can top up your PayPal account here in advance - this process usually only takes a few moments.
Buy Litecoin (LTC) Sofortüberweisung
In addition to PayPal, there is also the option of topping up the eToro account using the instant transfer function. At this point it should be said that this is a direct bank transfer, but the money is available in the eToro account within a few seconds. The customer needs the IBAN and Swift / BIC for the payment via Sofortüberweisung.
Litecoin (LTC) buy credit card
Almost traditional - paying in with a credit card. Anyone who has a VISA or MasterCard credit card can top up their eToro account this way. The following data must be provided here: the name of the credit card holder, the expiry date, the credit card number and the check digit - this is by the way on the back of the credit card.
Buy Litecoin (LTC) with Paysafecard
At this point it should be mentioned that it is not possible to deposit with a Paysafecard. This payment method is not supported by eToro, at least at the moment.
How to buy and sell Litecoin
If you are interested in a purchase without registration or verification, you can purchase Litecoin completely anonymously. That works - but not via eToro. You have to register in advance via this platform in order to be able to buy coins.
Buy Litecoin without registration
A purchase process without registration is possible, but not via eToro. In this case, it is necessary to buy coins from a private person - i.e. via the direct peer-to-peer route.
Buy Litecoin anonymously
An anonymous purchase of Litecoin is possible, whereby it must be ensured that the transactions are stored in the blockchain. However, without reference to personal data.
Buy Litecoin without verification
Verification, i.e. confirmation of your own identity, is not always required. However, it is possible that only a limited range of functions is available without verification.
Where to buy Litecoin (LTC) the cheapest: Crypto exchange fees comparison
The following table clearly shows that buying coins of the crypto currency Litecoin incurs fees - however, the amount of the fee varies and depends on the respective crypto exchange.
Start on eToro, the test winner crypto broker from Bitcoin-News.one
SIGN UP NOW68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Crypto investments are made by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.
Buy Litecoin or not: Is it worth buying Litecoin?
The question that every crypto fan, investor or saver has to answer: Is it worth investing your money in Litecoin or is it better to opt for another crypto currency or against crypto currencies at all? If you take into account the price history of Litecoin, i.e. if you look back on the year 2014, when the cryptocurrency was still priced at 4,77 US dollars / coin, you have been able to post enormous profits in recent years. However, only if they were bought or sold again at the right time. Because at the end of 2017 the price was over 300 US dollars.
After Bitcoin, which marched from around US $ 2017 towards US $ 1.000 in 20.000 and thus caused an enormous price increase in all other crypto currencies, including Litecoin, things went downhill again in 2018. Bitcoin plunged towards $ 3.000 - Litecoin was $ 2018 in November 43.
Measured by market capitalization, Litecoin ranks 7th among the cryptocurrencies. At the current time (as of mid-November 2020) the price of the cryptocurrency is around 65 US dollars. A further increase is possible - especially because Bitcoin has been soaring for some time. However, there is no guarantee that a further rise in the price of Bitcoin can also drive up the price of Litecoin. However, the experts are confident that reaching the all-time high will be possible without any problems.
Other special features when buying Litecoin (LTC)
The Litecoin system is - at least from a technical point of view - a copy of the Bitcoin system. The creation and transfer of coins is based on the open source encryption protocol - that is, there is no central control.
The peer-to-peer network behaves similarly to the Bitcoin network. This means that all transactions such as balance sheets and expenses are recorded in this network. The creation of coins of the crypto currency Litecoin is based on the generation of the cryptological hash function. This means that this is a process that deals with “finding a hash” - what is known as mining in the industry. The rate at which coins are then generated forms the geometric series, halving every four years. This takes place until the predefined total amount of coins is reached - this is called protection against inflation.
Litecoin is an alternative crypto currency to Bitcoin - a so-called Altcoin. There is a distinction in (at least) three points:
- In the Litecoin network the blocks are generated every 2½ minutes - in the Bitcoin network it is 10 minutes
- Thus four times as many units are produced in the Litecoin network as in the Bitcoin network, so that one can assume that the total amount of coins of the Litecoin crypto currency will be 84 million
- Litecoin uses the Proof of Work algorithm in its Scrypt, while Bitcoin uses SHA256.
Buy Litecoin Miner
It must be checked whether the mining process is actually still worthwhile, taking into account the costs and the income, or whether it would not be better to purchase coins directly via crypto exchanges.
Buy Litecoin share
Since there are no Litecoin stocks, it is necessary to find a company that is listed on the stock exchange and is related to Litecoin.
Buy Litecoin Conclusion: This is the best way to buy Litecoin
An investment in Litecoin may well be interesting - especially if the forecasts are correct and a Bitcoin soaring has positive effects on the Litecoin price. If you get in today and pay around 65 US dollars per coin, you can book an attractive profit, provided that the price rises again towards 300 US dollars.