Since the bigger digital assets, like Ethereum and Bitcoin, are very popular, they’re pricing most investors out of the market. Consequently, most investors are looking to invest in assets that’ll be the next big thing, like Litecoin. 

Since its release in 2011, Litecoin has gained popularity fast, leading to its exponential growth — by December 2022; its market capitalization was valued at $ 5.8 billion. Investing in Litecoin will grow your investments further, and the likelihood of the bubble bursting because of over-saturation is minimized. 

This article will take you through everything you need to know about how to buy Litecoin, from its benefits to the best exchange to buy Litecoin. 

Litecoin – Utilities & Benefits

Litecoin was released in 2011 as an alternative to BTC; however, its code was modified to allow greater security and speed in transactions. 

Since its release, Litecoin has managed to grow rapidly, and its most outstanding features include it processes and verifies transactions using a P2P network, it’s faster than BTC, and has a consensus system built of PoW.

Utilities

There are several ways investors utilize the Litecoin token, such as:

• Facilitating P2P transactions in a secure, fast, and inexpensive. 
• LTC also makes mass payments such as salaries and rewards through platforms like Bitwage. 
• LTC token holders can also use it to pay for goods and services on platforms that accept cryptocurrency payments. 

Benefits

Even though Litecoin was developed from BTC, it has some independent benefits, which include: 

• Faster transaction verification and processing means it’s more effective and has lower transaction charges. 
• Litecoin has more assets, approximately 84 million, meaning there’s reduced mining competition and a greater profit margin. 
• Litecoin uses the Scrypt algorithm, which is safer than hashing algorithms and offers more effective processing power. 
• Litecoin is flexible, meaning users can easily buy it using other digital assets like ETH or BTC. 

Best Litecoin Exchange: BuyCryptocurrency.com

As a newbie to the crypto trading world, you may ponder where to purchase Litecoin. Fortunately, this widely traded cryptocurrency is readily obtainable via various exchanges. 

The best place to buy Litecoin is on the BuyCryptocurrency.com platform and here is why: 

Multiple Crypto Assets and Pairs

We allow users to trade popular cryptos like EOS, BNB, Cardano, Tezos, Chiacoin, Polkadot, Dash, Monero, USDT, XRP, Ethereum, Litecoin, Bitcoin, etc. Unlike custodial exchanges, you can avoid multiple swaps, as most market pairs are possible. 

No Sign-Up Required

We allow our users to purchase and exchange crypto assets without registering a bank account or filling out any KYC checks. 

Bank Cards Accepted for Digital Purchase 

BuyCryptocurrency.com is an excellent platform for purchasing digital assets with bank cards. We have partnered with Simplex to allow customers to pay directly using Mastercard or Visa. 

Non-custodial Platform

We are non-custodial, meaning we don’t store our users’ digital assets. Therefore, users are required to have a wallet for storing their cryptocurrencies. This greatly minimizes security risks like fraud or hacks. 

Reasonable Fees

We offer fixed and classic rates. With the fixed-rate, swaps don’t fluctuate, and users get what they pay for when initiating an exchange. In contrast, the classic rate uses the best rate available in the market and is subject to fluctuation due to network charges and market conditions.