Which country utilizes Litecoin the most?
John One of the main drivers for cryptocurrency adoption is being able to use your crypto to buy goods and services like an actual currency.
If Bitcoin (BTC) is digital gold, Litecoin (LTC) is often seen as digital silver. Litecoin prides itself on being quicker and cheaper to use than Bitcoin, making it perfect for everyday payments.
So if you’re a cryptocurrency enthusiast and you happen to hold some LTC, how and where can you spend it?
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Let’s first take a quick glance at the LTC/BTC price action. This will tell you whether it’s a good time to spend your LTC or if it’s better to hold on in case its value rises.
Where to buy Litecoin
One of the easiest ways to buy Litecoin is through a cryptocurrency exchange. While exchanges support a limited number of digital coins, most of them list Litecoin thanks to its longevity and popularity.
You’ll need to create an account on the exchange you’re planning to use. Before making a purchase and trading cryptocurrency, you’ll also have to prove your identity using an identification document issued by your government.
Where to spend Litecoin
If your goal is to spend your hard-earned LTC, there’s a few places you can go.
At the time of writing, thousands of businesses worldwide accept Litecoin as a payment method through various payment providers.
Looking at the Litecoin merchants heatmap above (courtesy of Cryptwerk), you can see that most merchants are located in the US and in Europe, although there’s quite a few in Asia as well, particularly India and Indonesia. In addition, Turkey seems to be quite a hotspot for LTC as well.
Its popularity in the United States is to be expected after the recent news that the NFL has joined the crypto cause, with Litecoin becoming the official cryptocurrency of the Miami Dolphins.
Litecoin has also sponsored the UFC and the Mammoth Film Festival over the past year to boost its adoption and presence.
To find out which businesses and services accept Litecoin, you can visit the Litecoin Foundation website, which features an updated list of all the merchants supporting the project.