Home 2018-04-19T15:55:04+00:00

4Ways to Pay for Your Litecoins

Apart from Bitcoin and Ethereum, Litecoin is the next big thing. This digital currency which is a product of Bitcoin blockchain tweaking is gaining ground faster than the predecessor. First, its founder is visible and can interact with people via virtual and physical forums.

Next, it has a higher transaction processing rate. Unlike the latter, you only have to wait for 2.5 minutes for your transaction to be processed. Due to these factors, it is gaining substantial ground. Also, the virtual currency evangelists are prophesying that it might bypass the Bitcoins one day.

With this information, you are confident that Litecoin to cad investment can be a worthy venture. However, you are not aware of how to pay for them or earn them. This article presents you with information on how you can exchange cash or altcoins for these coins. Here they are:

bitcoin millionaire

Paying through credit/debit card

Certainly, you have a credit or a debit card. With it, you do not have to worry about making payment for your first batch of Litecoins. All you need do is identify an exchange that accepts cards as the payment method for cryptocurrencies. Also, you must ensure the exchange has Litecoin as one of its virtual currencies on offer. When you are sure of this, you can proceed on to place your order.  However, you need a Litecoin wallet to receive the coins you will purchase.  Having fulfilled these conditions, you will deposit your fiat currency and wait for the processing to complete.

Paying using other altcoins

If you have some information about barter trade, you can easily understand this concept. Barter trade involved exchanging one product with another instead of cash. However, this is not a history or commerce class. So, back to the cryptocurrency discussion, the barter trade concept comes in as you can exchange Litecoins for other altcoins. Here it means that you can pay for your Litecoin using Bitcoins or Ethereum. Like in the above case, you need to identify an exchange that gives you room and opportunity for this exercise.

Remember, not all exchanges offer this services in Canada. Hence, you must take time to check if your exchange of choice allows you to exchange Litecoins for other digital coins. When satisfied, you can proceed on and do your exchanges. And there you become a Litecoin owner within a short period.

bitcoin stock symbol

Paying using PayPal

Paypal is one of the leading virtual payment or electronic cash transfer service provider. The organization has a solid reputation. For this reason, many organizations and virtual platforms accept it as one of their payment modes. These organizations include the cryptocurrency exchanges. Nevertheless, not all exchanges list PayPal as their preferred payment option.

In this case, if you are seeking forth to buy Litecoins using your Paypal account, you must check out which organizations accept it, and of course, they must be exchange platforms. After identifying it, you will proceed to place your order and paying for it. Upon this, you will just wait for some minutes or days for your order to be processed depending on the exchange’s conditions.

Paying through Bank deposits

Maybe you do not have a Paypal account or other digital coins. Neither do you have a credit or debit card? Does it mean you won’t have an opportunity to join others in trading with Litecoins? The answer is No. if you have cash in your bank account, you can seek for cryptocurrency exchanges that accept bank deposits. Also, some of them offer you a chance to pay through money order. As such, lacking the virtual payment options or altcoins should not be a setback in your Litecoin ownership journey.

And those are some of the ways you can pay for Litecoins.