How can one buy Litecoins in India?

Created by developer Charlie Lee in 2011, Litecoin’s software sought to differentiate from Bitcoin with changes aimed at accelerating transaction confirmation times for merchants.

Branded the “silver to bitcoin’s gold” in promotional materials, Litecoin shares many similarities with Bitcoin. Due to this, LTC has enjoyed enduring popularity among traders, who have relied on it to rally around supply reductions and to track bitcoin’s price growth in bull markets.

Visit here to exchange bitcoin to paypal

If you’re new to crypto and looking to buy LTC for the first time, be sure to check out our “What is Litecoin?” guide for a more comprehensive deep dive.

Why buy LTC?

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.

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.
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• Aside from offering a simple interface and the lowest fees in the industry, Kraken is constantly rated as one of the most secure and trusted crypto exchanges in the world. This matters because once crypto is lost, it is nearly impossible to recover.

How to buy LTC on Kraken

1. Create an account
2. Provide an email address, choose a username, and pick a strong, secure password.
3. Complete the verification process
4. 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.
5. Deposit fiat or cryptocurrency
6. 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.
7. Buy LTC!
8. 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.