How to Buy Litecoin
Want to learn how to buy Litecoin? We will show you how you can easily buy your first Litecoin by following 8 simple steps. The only thing required is that you have access to a computer, an email account, a phone and your ID (driving license or passport).
In this tutorial we will use Coinbase, which is one of the most popular and well-known cryptocurrency exchanges in the world. Coinbase makes it easy to convert your local currency into and out of Litecoin.
There are a lots of different Litecoin Exchanges out there, and Coinbase is just one of many. Check out our complete list of the best Litecoin Exchanges.
Trade Litecoin with 8 simple steps
Buying digital currencies such as Litecoin might sound complicated at first, but it is in fact rather simple.
Get started right now by following our simple tutorial, and you will own your first Litecoin in no-time. Buying, selling and sending Litecoin has never been easier!
Buy Litecoin on Coinbase
Coinbase is a great solution for people who are new to the cryptocurrency world. They provide a clean and simple interface that makes it very easy to buy, sell and send Litecoin. Keep in mind that this tutorial is done in a desktop/laptop browser. If you are looking to buy Litecoin on mobile go ahead and download their app for iOS or Android.
Register on Coinbase
Register for an account on Coinbase. By using our link you will earn 10$ in Bitcoin for free if you buy or sell 100$ or more worth of digital currency.
In order to start using your Coinbase account, you need to confirm your email address. Check your inbox of the email you signed up to verify your email.
After verifying your email account you will have to add a phone number to your account. After entering your phone number you will receive a seven digit confirmation code on your phone that you will have to fill in.
Complete Account Setup
After you have successfully attached your phone to your account you should be redirected to the Coinbase Dashboard. You will find a box named "Complete Your Account" in the bottom left corner of the Dashboard.
Verify your ID
Since Coinbase is a regulated financial service company operating in the US, they are required to identify users on their platform. Select your preferred verification method and complete the required steps.
Add Payment Method
Now that you have verified your identity you are almost ready to buy Litecoin! Select your preferred payment method and complete the required steps. For lower fees select Bank Account, but this might take 1-3 business days to complete. If you want to buy Litecoin right away you should select Credit/Debit Card, which has a larger fee. Read more about Coinbase Fees here.
When you have successfully added a payment method you are good to go! Head over to the Buy/Sell section and select the amount of Litecoin you would like to buy. Coinbase currently offer purchase of 4 different cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). After your purchase is confirmed, your Litecoin should instantly be added to your account.
If you head over to the "Accounts" section you will be presented with a complete overview of your digital currency funds currently in your Coinbase Account. This is also where you can send Litecoin other accounts and wallets.
It's that simple. Buying Litecoin has never been easier!
Coinbase is just one of many exchanges where you can buy Litecoin. Check out our complete list of all the best Litecoin Exchanges. Looking for a safe place to store your Ethereum? Check out our list of the best Litecoin Wallets.