The platforms disclosed in the table below are ideal for beginners as they provide the learning corner that covers the basics of investing. The best way to buy Litecoin is to use a regulated broker like eToro. The social trading platform offers low fees, commission-free https://www.tokenexus.com/ trades and is highly user-centric in design. With handy tools like CopyTrade and CopyPortfolio, you can easily make profits without having all the technical know-how of an asset. This keeps your personal details and funds secure from bad actors.
EToro’s social investing features distinguish it from its competitors, making it easy to connect with and learn from other Litecoin traders. You can even view stats on other users’ risk profiles and profit margins, and choose a successful trader to copy with the unique CopyTrader feature. You how to buy litecoin have plenty of options when it comes to platforms that offer Litecoin in the UK. He coordinates a distributed team of journalists to help further Finder’s mission of helping people make better financial decisions. He has been using Bitcoin since 2013 and began working in the industry in 2017.
The mobile app makes it easy to manage your portfolio and trade from anywhere. You can buy directly with GBP, so there’s no need to complicate the process with currency conversions or buying stablecoins. Once you’ve made an account, you can enter the amount of GBP you want to spend and click Buy. You can use the smart portfolio feature to set up thematic investment strategies based around Litecoin. What’s more, you can use eToro’s virtual account to build your trading skills and confidence in a risk-free environment.
- A contract for difference (CFD) is a financial contract that pays the differences between the settlement price at the open and close of a trading session.
- The HMRC taxes Litecoin profits in the UK, but the type of crypto activities you engage in will determine whether you owe any tax and what kind.
- It all started with the bankruptcy of a popular crypto exchange FTX, followed by another crypto exchange – BlockFi.
- Buying Litecoin has never been easier for your average Joe Public.
- Instead, the nodes of the network perform these tasks together.
- You can even use the products in the Earn section to receive interest on your Litecoin.
Once the price has risen and does not look to rise again, you can sell it for profit. You can only buy Litecoin online because you need an internet connection to enter dApps, exchanges, and brokers. Here you can analyze the best providers for each payment method when you buy Litecoin. Pepperstone is the best CFD broker for trading Litecoin, thanks to its intuitive UI/UX. Moreover, the platform offers an in-depth educational section to help you understand everything you need to know about getting started with Pepperstone.
Best Crypto Exchanges and Apps
They also offer a demo account you can use before trading for real, which provides a risk-free way of gaining exposure to the trading platform. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
CEX enables the quickest purchase of Litecoin using a credit card. If you already own cryptocurrencies like Bitcoin or Ether, or stablecoins like Tether, you can start buying Litecoins on Binance with those. The core changes in the code included a decreased block time of 2.5 minutes instead of Bitcoin’s 10 minutes. This meant the Litecoin network could confirm transactions faster than Bitcoin’s network. Litecoin has consistently been one of the top 10 cryptocurrencies by market capitalization. Now input the amount you want to purchase and click “Open Trade” to finish.
Frequently asked questions about buying Litecoin cryptocurrency
To send Litecoin to your Litecoin wallet address go to the cryptocurrency tab and choose LTC. Then click “Transfer to Wallet” and the specified amount to send. If using eToro, the minimum Litecoin purchase is just $25 – or about £19. Irrespective of whether you buy Litecoin, stocks, ETFs, or CFD instruments – eToro is a 100% commission-free free broker. This means no dealing charges or monthly fees, and it even scraps stamp duty on UK stocks.
To reiterate, you can buy Litecoin for a minimum investment of a mere $25 at eToro. This is a good way to regularly add digital currencies to your portfolio, without risking much capital. When you have found an online broker you like the idea of – you need to head to the respective website and sign up. The process at this stage is much the same as buying any other asset – be it ETFs, stocks, or silver. This makes sense given that the cryptocurrency markets go hand in hand with such a potentially volatile environment.