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How Do You Buy Litecoin?

How Do You Buy Litecoin?

Similar to other cryptocurrencies, litecoin can be purchased through major cryptocurrency exchanges and wallet apps.

Many reputable exchanges exist for buying and trading cryptocurrencies, and several of these will allow you to purchase litecoin with credit cards, wire transfers, and bank deposits.  There may be issues with buying enough litecoins to suit your fancy if you aren’t willing to verify your identity, or if the exchange simply won’t allow you to exchange for a large balance of litecoin in single transactions. One option that may open more doors is to purchase bitcoin first, and then exchange those for litecoin. Many people search for good ways to buy litecoin or Bitcoin with Paypal, but it is probably more trouble than it’s worth. Paypal has a somewhat over-active reversible charge system, which favors some buyers or sellers over others by default and can be used by bad actors to reverse the payment owed to someone transacting business in cryptocurrencies.

One such platform that will facilitate Paypal purchases that can be used to acquire litecoin and bitcoin is Virwox, which is short for Virtual World Exchange. The exchange allows you to purchase Linden Dollars, which are the currency of Second Life, a virtual world in existence since 2003, and these can then be exchanged for bitcoin and litecoin. We neither condone nor recommend such transactions that may or may not undermine the terms of use of any of the payment methods, exchanges, financial institutions, credit card companies, or virtual currencies on the market.  There are many vides and o tutorials intended to educate the community about the nuts and bolts of these ever-changing technologies, and we encourage you to conduct your own research to make thoughtful, informed decisions.     

Keywords: Bitcoin, Litecoin, Cryptocurrency Exchange, Virwox, Linden Dollars, Second Life,