How to buy Litecoin

How to buy Litecoin

With Litecoin’s price exploding this week, lots of people are attempting to inject the market but have no idea on how to buy them. Getting money te to BTC-e.com is fairly cumbersome and with the local Litecoin vendors running out of stock within a brief period of time, investors and interested parties are incapable to get their mitts on any Litecoin.

Litecoin is a quicker version of Bitcoin that uses a larger memory intensive algorithm known spil Scrypt. Ter the crypto-currency world, Litecoin has a yam-sized potential. The local Litecoin business has just commenced and doesn’t have the infrastructure that Bitcoin has. Being fresh ter the market, online payment systems and exchanges for Litecoin are still under development so it will be lighter ter the future.

The best way to get Litecoin now

Remarkably the easiest way to inject the Litecoin market is to take your Bitcoin and turn it ter to Litecoin. Wij will highlight the various ways to buy Litecoin.

How to buy Litecoin (USA)

  1. Sign up for an exchange account with BTC-E.
  2. Sign up for an online payment system account with Coinbase.
  3. Verbinding your banking account to Coinbase.
  4. With the bankgebouw account linked, buy Bitcoin from Coinbase.
  5. Ter BTC-E, go to the Finance section to generate bitcoin deposit address. Copy the address.
  6. Te Coinbase, go to the Send/Request section to send Bitcoin to the BTC-E bitcoin deposit address. Paste the address generated from BTC-E.
  7. When the Bitcoin deposit shows up at BTC-E, go to the LTC/BTC section to purchase the amount of Litecoin that you want.

Note: To sell Litecoin for USD, switch sides the transaction (sell LTC to BTC, transfer BTC to Coinbase, sell BTC, transfer USD to bankgebouw).

How to buy Litecoin (Europe-method 1)

  1. Sign up for an exchange account with BTC-E.
  2. Wire transfer/deposit funds te to BTC-E with one of the approved methods under Finance section of BTC-E.
  3. Te BTC-E, go to EUR/LTC section to purchase the amount of Litecoin that you want.

Note: To sell Litecoin for EUR, switch sides the transaction (sell LTC to EUR, transfer EUR to canap)

How to buy Litecoin (Europe-method Two)

  1. Sign up for an exchange account with BTC-E.
  2. Sign up for an online payment system account with Bitstamp.
  3. Wire transfer/deposit funds ter to Bitstamp account under Deposit section (SEPA/International handelsbank).
  4. Wait for the deposit to emerge te Bitstamp.
  5. Buy Bitcoin from Bitstamp under Buy/Sell section.
  6. Te BTC-E, go to the Finance section to generate bitcoin deposit address. Copy the address.
  7. Te Bitstamp, go to the Withdrawal section to transfer Bitcoin to the BTC-E bitcoin deposit address. Paste the address generated from BTC-E.
  8. When the Bitcoin deposit shows up at BTC-E, go to the LTC/BTC section to purchase the amount of Litecoin that you want.

Note: To sell Litecoin for EUR, switch roles the transaction (sell LTC to BTC, transfer BTC to Bitstamp, sell BTC, transfer EUR to handelsbank).

How to buy Litecoin (International-method 1)

  1. Sign up for an exchange account with BTC-E.
  2. Sign up for an online payment system account with PerfectMoney.
  3. Wire transfer/deposit funds ter to PerfectMoney account under Deposit section (International bankgebouw).
  4. Wait for the deposit to emerge te PerfectMoney.
  5. Te BTC-E, go to the Finance section then under USD, select Deposit. Choose payment method spil PerfectMoney.
  6. Te BTC-E, go to LTC/USD section to purchase the amount of Litecoin that you want.

Note: To sell Litecoin for USD, switch roles the transaction (sell LTC to USD, transfer USD to PerfectMoney, transfer USD to bankgebouw).

How to buy Litecoin (International-method Two)

There is another option to buy Litecoins, that is through trading with local BTC vendors.

  1. Sign up for an exchange account with BTC-E.
  2. Locate a local BTC vendor or go to Localbitcoins.com.
  3. Trade Bitcoin te Localbitcoins.com with contant or with online transfers. Spil with all online trades, choose a seller with a good reputation. Learn more about your very first trade ter Localbitcoins.com.
  4. After the transaction has bot successful, wait for the Bitcoin to emerge te Localbitcoins.com.
  5. Ter BTC-E, go to the Finance section to generate bitcoin deposit address. Copy the address.
  6. Te Localbitcoins.com, go to the Wallet section to transfer Bitcoin to the BTC-E bitcoin deposit address. Paste the address generated from BTC-E.
  7. When the Bitcoin deposit shows up at BTC-E, go to the LTC/BTC section to purchase the amount of Litecoin that you want.

Purchased Litecoin can be stored at BTC-E exchange or transferred to a Litecoin wallet on your rekentuig. For large quantities of coins however, it is not recommended to store the Litecoin te the exchange or online wallet. Whenever possible, use the two-factor authentication and strong passwords to protect your crypto-currency investment.

Update: Added a fresh method for international investors to buy Litecoin with PerfectMoney.

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