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How to Buy Litecoin How To Buy Litecoin
How to Buy Litecoin Create an Account with Coinbase By far the easiest way to buy Litecoin with a credit card is through coinbase. Coinbase is a relatively simple cryptocurrency buying platform. Though Coinbase’s site is well-designed and easy to use, it only allows users to purchase Bitcoin, Litecoin, Ethereum, and its spinoff assets. How To Buy Litecoin
How to Buy Litecoin 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. If you don’t already have a crypto wallet, check out Benzinga’s list of the best cryptocurrency wallets to get start. How To Buy Litecoin
How to Buy Litecoin Confirm Your Account • When you first create a Coinbase account, you are limited to purchasing $500 worth of crypto when using a credit card. You can increase this limit by verifying your identity. • After logging into your Coinbase account, click on the “settings” tab, then click on the “account levels” subtab. How To Buy Litecoin
How to Buy Litecoin Initiate a Buy • To initiate a buy, return to your Coinbase dashboard and click on the tab titled “buy and sell.” In the section titled “cryptocurrency,” click on the drop-down menu and select Litecoin, and select your credit card from the drop-down list of payment methods How To Buy Litecoin
How to Buy Litecoin 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. • To check that your Litecoin has arrived safely, click on the tab titled “dashboard” on the top left-hand side of the page. On your dashboard, you will see a complete summary of the holdings in your Coinbase account. Scroll to the bottom of the page to the section titled “your portfolio” to see the makeup of your profile. How To Buy Litecoin
How to Buy Litecoin After Your Funds Clear, Transfer Your Holdings to Your Litecoin Wallet • Though you’ll see your Litecoin in your Coinbase account as soon as you complete the purchase, you cannot withdraw your funds for at least 12 days following your first buy. • To see how much time is left until you can withdraw your Litecoin, click on the “accounts” tab, then click on the button labeled “send” under the Litecoin tab. How To Buy Litecoin