Digital currencies are a great investment with Bitcoin being the leading currency and the altcoins following closely. Litecoin is one of the altcoins that has really gained momentum in 2017 with a profit margin of 3500% + and one of the factors attributing to its popularity is Segwit. Before you buy LTC, It’s advisable to have a litecoin wallet where you can store your litecoins and NEVER store them in an exchange site. Let’s have a look at the best exchange sites where to buy litecoin. It’s of worth noting that there are ghost exchange sites too and each site has its own payment method. Below are the top 5 legit sites where to buy litecoin.
Coinbase is based in US and it’s the most used exchange site where to buy litecoin, Bitcoin and ethereum, you can sell them too on this site. It supports litecoin purchase via Visa card, credit and debit cards. For a debit/credit card to be used here it must support ‘3D secure’. If you try adding your credit/debit card to Coinbase and it shows you an error it means that the card does not support 3D secure.
Coinbase only offers its services in 32 countries presently and one can immediately buy LTC as long as they provide their services in your country. It also charges 3.99% standard fee on the debit/credit card purchases.
Kraken is also among the best sites where to buy litecoin, Bitcoin and other altcoins too. It was started in 2011 and based in San Francisco, USA. They offer EUR to crypto conversion services. One buys the LTC via wire transfer or SEPA only. They also take quite some time to get your account verified, patience!!
Some of the key kraken features include;
- Two-factor auth
- Master key creation for recovery of the account
- Email supports have signing and encryption.
Its services are also limited in some countries.
Changelly is one of the best sites where to buy litecoin incase Coinbase and Kraken are not operational in your country. Its mode of payment is Visa, debit/credit card and it also allows you to change your bitcoins or other altcoins to LTC. It also accepts any country’s currency.
Take into consideration that although its rates are very high, it’s easiest site where to buy litecoin. For you to exchange Bitcoins and other altcoins to LTC you only need;
- LTC address
- Bitcoin or any other altcoin that you would like to exchange.
For more information about this great platform, check this article which I had written earlier http://www.coinhaunt.com/bitcoin-to-ethereum/
Bitfinex was started in 2014 and it’s based in Hong Kong and it happens to be the biggest BTC exchange by volume. It’s also one of the legit exchange sites where to buy litecoin and also other popular cryptocurrencies. One gets to buy LTC by exchanging it with Bitcoin or USD, a wire fee of $20 at least and also a trading fee varying from 0.1% to 0.8%. Bitfinex also charges a varying fee on depositing or withdrawing. This is one the most expensive sites where to buy litecoin. It takes 15-20 days after application to be fully accepted into the site.
It’s of worth to note that the site does not currently allow US citizens.
Poloniex is a very popular crypto to crypto exchange site which operates in USA, it has been operating since early 2014. It’s one of the most secure exchange sites where to buy litecoin and other cryptos as well by converting any crypto to another just like at changelly. Here LTC can only be exchanged from BTC, XMR and USDT only. It has the largest traffic, 50 million plus monthly, this makes Coinbase its closest competitor. Some of its key features include;
- Its services can be accessed from any place worldwide
- It supports more than 70 digital assets
- Well detailed charts
- Low depositing and withdrawal fees charged
- 15% to 0.25% trade fees.
- In case of security breach, the user gets fully refunded.
- A very poor support team which is almost nonexistent at times!
- It’s very easy to join as compared to the above sites.
- Two-factor Authentication.
It’s also key to note that in 2014 it suffered a security breach that led to 12% of the customers’ cryptos being stolen though the company reimbursed the customers all their funds. Also, it gives the customers the service of lending and borrowing cryptos, a service that is not available in the rest of the sites.
So far those are the top 5 legit sites where to buy litecoin and more sites will keep coming to the market, this is of good news- increased competition, better services. Just be on the watch, many scam sites out there!!!!