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Join over 94,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. Note: If you’re looking to buy Dash for trading purposes only you may want to check out Plus500 Litecoin CFD trading. Keep in mind that when trading CFDs your capital is at risk. What is Litecoin in a nutshell? Litecoin was created by Charles Lee, a former employee of Google.
5 minutes versus 10 minutes for Bitcoin. The mining algorithm which blocks the use of powerful ASIC miners like you have in Bitcoin. The total number of Litecoins available is 84 million as opposed to Bitcoin’s 21 million. Litecoin, Bitcoin’s younger brother has recently taken off to new heights. In this post I will cover how you can buy Litecoins using a credit card, your Paypal account or wire transfers. Keep in mind that using the first two methods will probably cost more than using the wire transfer.
Get a Litecoin wallet Before you buy your Litecoins you should first get a wallet to store them on. Between some of the most popular wallets today for Litecoin are Coinbase, Exodus and Jaxx. However, there are some exchanges that allow you to buy Litecoins directly. Meaning this platform is good if you only want to speculate on the price. This method is only valid if you live outside of the US. Also, Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
So keep in mind that your capital is at risk. Coinmama allows you to instantly buy Litecoin with your credit card. Fees are relatively low compared to other credit card buying options. 500 worth of Litecoins using your credit card. Higher limits can be achieved once you verify your identity.