Are litecoin and bitcoin easy to purchase?
Bryan Litecoin is intended to be a decentralized, peer-to-peer form of payment, so many traders purchase LTC in the hope that one day it will be widely accepted by merchants.
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Where to buy LTC?
- Direct Purchase
- You can purchase it directly from another individual in person or over the web.
- Crypto ATM
- You can try to locate a crypto ATM near you that offers LTC. However, the ATM rates can be exorbitant and there is no guarantee that you can find a counterpart to make the trade with.
- Exchange
- Many find that it is easiest to purchase it through an exchange, like Kraken.
How to buy LTC
- Create an account
- Provide an email address, choose a username, and pick a strong, secure password.
- Complete the verification process
- With “Starter” verification, you can buy LTC with other cryptocurrencies. All you need to do is provide your name, date of birth, country and phone number. If you’d like to use fiat currencies, like USD or EUR, you’ll need to provide additional support documents verifying your identity. For more information, see our verification levels documentation.
- Deposit fiat or cryptocurrency
- To deposit crypto, just create a deposit address and send the funds to this address. Funding your account with fiat currencies for trading can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers. The option you select will be based on your location and preference.
- Buy LTC!
- Once your fiat or cryptocurrency hits your account, you’re ready to start buying LTC. With your Kraken account you’ll also have access to our charting tools, 24-hour global client support, advanced order types, and leveraged trading.