This post will cover how to buy Litecoin using a credit card or a wire transfer.
Step 1 – Get your Litecoin wallet
Before you buy any digital coin you should get a wallet to store the coin. it is never recommended to keep your coins for a long time on an exchange. There are many good wallets for Litecoin, but the best option is always a hardware wallet. the two leading hardwere wallets in the market are the Ledger Nano s and Trezor.
Step 2 – Choose a Litecoin exchange
Most exchanges trade Litecoin only for bitcoins and not for FIAT money. So you will have to to buy Bitcoins and then exchange them for Litecoins.
These are the few exchanges that allow you to buy Litecoins directly:
Buying Limit: $5,000/day
With Coinmama platform you can instantly buy Litecoin using your credit card or a debit card. Coinmama accept users wolrdwide, and from almost all US states.
Click here for a step-by-step guide for buying Litecoin/Bitcoin with credit card on CoinMama >
Buying Limit: €300/day
Available: worldwide – US, Europe, S.America
CEX exchange also Allows you to buy Litecoin using your credit card.
A detailed guide on how to register on CEX.IO Litecoin exchange >
Buying Limit: $10,000/day
Available: 33 countries supported
Coinbase is another relaeible option for buying Litecoin using a credit card. Coinbase accepts buyers from 33 countries and fees also relatively low.
Click here for buying Litecoin on Coinbase >
Buying Limit: €600/month
Available: in the Eurozone
Bitpanda also Allows you to buy Litecoin using your credit card, Skrill account, SEPA transfer or SOFORT. buying limits are relatively low.
Click here for buying Litecoin on Bitpanda >
Buying Limit: €5000
Bitstamp is one of the oldest cryptocurrency exchanges that traded Litecoin through a wire transfer of USD or EUR.
Click here for a guide on how to open an account on Bitstamp exchange >
Step 3 – Move your Litecoins to your wallet
Once you choose an exchange, open an account and buy the Litecoins. Make sure you withdraw the couis from the exchange to your personal wallet.
It is strongly recommended no to leave your coins in the exchange as you risk losing them if the exchange gets hacked or shuts down.