Therefore, there is no need to have any prior knowledge of trading to use the platform. One of the biggest advantages of using Coinbase is that they allow you to deposit and withdraw funds using a range of real-world payment methods.
Guess what? This means you can buy Litecoin with a credit card, debit card, and even a bank account! Although this is quite high, Coinbase has to do this to protect itself from credit card chargebacks. Although trading fees cost 1. Instead, you will need to use a bank account.
When you first register an account at Coinbase, you will need to provide the exchange with some personal details like your full name and nationality. When it comes to security, Coinbase is one of the safest exchanges to trade. Furthermore, other features such as a 48 hour withdraw time-lock and multi-person signatures are also available.
Before moving on, let me quickly summarize the advantages and disadvantages of using Coinbase to buy Litecoin with a debit card or credit card. Coinmama is a cryptocurrency broker based in Israel. Created in , they allow users to buy a total of eight different cryptocurrencies. According to the team, more than 1,, customers across different nations have used Coinmama, making them a really popular exchange!
Just like Coinbase, Coinmama allows you to buy Litecoin with a credit card or debit card. Coinmama is slightly different from other exchanges because as soon as you have completed your purchase, the Litecoin is sent directly to your wallet! When it comes to fees, Coinmama is quite expensive. You will need to pay a 5. Before you are allowed to buy Litecoin at Coinmama, you will be required to verify your identity.
To do this you need to:. Although each document needs to be verified manually, Coinmama usually only takes about 10 minutes, which is fast! Instead, you would need to send them from your wallet to a platform like Coinbase that allows you to sell for fiat currency. Bitpanda, which was initially known as Coinimal before it rebranded, was first launched in The platform allows users to buy and sell a range of cryptocurrencies and the exchange is primarily targeted to European customers.
One of the greatest features of the Bitpanda platform is that they have one of the largest payment method options. In terms of trading fees, it costs 1. Like all other cryptocurrency exchanges that allow you to use real-world money to deposit you will need to first verify your account. The exchange uses a third party company to verify your ID, however, it is automated which means that it can be activated straight away.
As soon as you have done this, you will be able to buy up to 2, EUR worth of cryptocurrency every 24 hours! To help further protect your account, Bitpanda also allows you to set up two-factor authentication. The platform allows users from all over the world to buy and sell nine different coins.
Just like the other exchange brokers I have mentioned, CEX allows you to use a credit card or debit card to fund your account. What this means is that the order is either completed in full, or it is canceled. When it comes to depositing fees at CEX, the exchange will charge you 3. As you are using your credit card to buy Litecoin, you will need to verify your identity before you can deposit.
Just like Coinmama, you will need to upload a copy of your ID, as well as a picture of you holding it up next to your face! Unfortunately, the time it takes for the team to manually verify your identity is quite slow, with users commenting that it normally 48 hours. If you need to buy Litecoin with a credit card straight away, then CEX might not be the right exchange for you! The platform is probably best suited for more experienced cryptocurrency traders, as the website offers a wide range of trading tools that a beginner might not understand.
In terms of security, CEX store the majority of user funds in cold storage, meaning they are held offline. Furthermore, not only is two-factor authentication available, but users can also request account alerts through email or SMS. However, there have been no issues since. Created as far back as , Bitstamp is a cryptocurrency exchange that allows people to buy, sell and trade a range of digital coins.
Originally starting in Slovenia, the platform now has offices in the UK, as well as Luxemburg. When it comes to payment methods, Bitstamp has a range of real-world fiat options available. This includes a bank transfer, as well as a credit or debit card.
In terms of trading fees, this starts at 0. To be able to use fiat currency at Bitstamp you will need to first verify your account. This will require you upload a government-issued ID, proof of residence like a bank statement and to confirm your phone number. According to the team, it can take up to 24 hours for your account to be verified.
Security is also very good at Bitstamp, with the exchange keeping the majority of funds in cold storage. Just like Coinbase, they also protect U. So, there you go! Five different exchanges that will allow you to buy Litecoin with a credit card! I am now going to give you step-by-step instructions on how to do it with each of them!
Learn what is the best time to buy Bitcoins, and when to sell Bitcoin, too! Learn about the the most secure vaults in the world, and how you can acquire one of such vaults yourself! Learn how to convert Bitcoin to cash on Binance P2P, and start exchanging today!
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Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose. Want to advertise with us? Send us a message. Table of contents [ Hide ]. Create an Account with Coinbase By far the easiest way to buy Litecoin with a credit card is through Coinbase. Create a Litecoin Wallet You can hold your Litecoin in your Coinbase account, but this is generally considered to be less safe than keeping your Litecoin in an encrypted wallet.
Check Your Account for Your Litecoin Balance Your Litecoin balance should immediately appear in your Coinbase account , though it typically takes at least two business days to see the transaction appear on your credit card statement. Best For. Overall Rating. Read Review.
Best For New cryptocurrency traders Cryptocurrency traders interested in major pairs Cryptocurrency traders interested in a simple platform. Pros Simple platform is easy to operate Comprehensive mobile app mirrors desktop functionality Coinbase Earn feature rewards you with crypto for learning about available coins.
Cons Higher fees than competitors. Account Min 0. Best For New investors looking for a simple mobile and web app Experienced investors who need a more advanced platform with more tools Users looking for a 1-stop-shop to buy, sell and store all of their coins. Pros Easy and quick signups — can get started in as little as a few minutes Multitude of platforms to accommodate traders of all skill levels Hot wallets include insurance to protect your from theft and hacking attempts.
Cons Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app. Best For U. Pros 25 cryptocurrencies Expansive network of social trading features Large client base for new traders to imitate. Cons U. Buy Litecoin. Exclusive: Cryptocurrency Weekly Newsletter. Getting Started with Crypto. Best Cryptocurrencies in Best Cryptocurrency Brokers. Best Crypto Apps. Learn About Cryptocurrency. Is Bitcoin a Good Investment?