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How to Buy Litecoin with PayPal

When looking at altcoins, there is no doubt that Bitcoin stands out as the most popular option among crypto enthusiasts. 

However, there are certain currencies that have also been in the game from the very beginning and have successfully proven that they can stand the test of time. 

Litecoin is one of these altcoins. 

Launched over a decade ago, Litecoin still manages to hold its powerful position in the crypto market and many professional traders consider it one of the best Bitcoin alternatives. While Litecoin had its ups and downs regarding the price, it always managed to come out on top. 

Although there are thousands of crypto exchanges that list Litecoin, there aren’t many of them that accept PayPal purchases, which is a bit surprising. 

In this guide, we are going to walk you through the basics of Litecoin, talk about its future value, and show you how to buy Litecoin with PayPal. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to Buy Litecoin with PayPal – Outline

You don’t have enough time to read our full step-by-step guide? Don’t worry, we prepared a quick outline you can go through. 

Here are a few simple steps you can follow to quickly make your Litecoin investment. 

  • Step 1: Create an eToro Account – If you don’t already have one, you can go to eToro’s official website and click ‘Join Now’ to open up a new account. Provide information such as your email, name, phone number, and verify the account by uploading a photocopy of your passport or driver’s license. 
  • Step 2: Fund Your Account with PayPal – Go to the ‘Deposit Funds’ section and choose PayPal in the dropdown menu. Follow the instructions that appear and type in the amount you want to transfer. 
  • Step 3: Purchase Litecoin – Type in LTC in the search box to quickly find the crypto. Then, press ‘Trade’ and enter the amount you want to buy. To finish the purchase, click ‘Open Trade’. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Litecoin – Overview 

Litecoin was officially launched in 2011 by Charlie Lee, one of Google’s former developers. The idea behind Litecoin was to create a currency that would make crypto transactions easier, quicker, and cheaper. 

By using P2P technology and blockchain information, Litecoin works as a decentralized digital currency that allows users to send payments anywhere in the world without having to go through banks. 

In a short amount of time, Litecoin became the second-largest crypto when it comes to market capitalization and it also stands as one of the first altcoins ever created after Bitcoin. 

There are a lot of similarities between BTC and LTC, starting with the fact that developers used a copy of Bitcoin’s source code when creating Litecoin. Additionally, Charlie Lee managed to make Litecoin’s blockchain network much faster compared to Bitcoin’s and it required a lot less resources as well. 

With all these resemblances, it didn’t take long for investors to start looking into LTC. Before we knew it, crypto became immensely popular as a cheaper alternative to BTC. 

Even nowadays, there is a lot of utility to this altcoin and its network is actually used by Bitcoin developers to run tests on new projects that will be implemented in BTC sometime in the future. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Litecoin Price Prediction 

At the time of writing, the price of Litecoin stands at $107 per token. There are more than 70 million coins currently in circulation, while the maximum supply is 84 million. 

When it was first listed on exchanges in 2013, the value per token was $4.40. This price remained pretty much stagnant in the next two years, reaching a value of $10 at best. 

However, things drastically changed in 2017. With an impressive bull run, Litecoin reached its all-time high of $375 somewhere around December. 

Since then, there were lots of ups and downs, but Litecoin once again landed on its feet when it reached a $413 price per token in May 2021. 

Over the last twelve months, the price greatly reduced, which is why many investors are capturing this opportunity to ‘buy the dip’. 

But will the price go higher in the future? Market analysts seem certain that it will. 

Many experts predict that by the end of 2022, Litecoin will reach a price of around $180 per token, while in the second quarter of 2023 it could reach the $200 mark. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Benefits of Buying Litecoin with PayPal

While there are plenty of different payment methods available for purchasing Litecoin, PayPal offers some unique benefits that are too good to miss out on. 

Let’s review them. 

Instant Deposits/Withdrawals  

Making deposits and withdrawals on PayPal is practically instant, which is a huge benefit for traders looking to capture new opportunities in a timely fashion. 

Robust Security System 

PayPal has an incredibly high level of security, which is a factor that traders often find the most important. 

Due to the robust data encryption system that PayPal integrates, the company has never faced any serious security breaches. 

Easy-to-Use Mobile App 

Lastly, one of the benefits that users seem very fond of is PayPal’s user-friendly mobile app. 

It’s extremely easy to navigate through the interface and track transactions even when you are on the move. In case you want to buy Litecoin with PayPal even when you’re not at home, the mobile app will get the job done rather quickly. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Where to Buy Litecoin with PayPal 

While PayPal is listed as a payment option on a lot of top exchanges, each platform offers different perks and commodities. 

Let’s review some of the best crypto exchanges and show you what they offer. 

eToro – Overall Best Exchange to Buy Litecoin with PayPal 

After considering factors such as the fee system, advanced features, and security measures, eToro easily stands out as the best exchange to buy Litecoin with PayPal. 

One of the main advantages of eToro is the competitive fee system. There is a spread-based fee structure which means that users won’t have to pay any transaction fees for opening a trade. 

For trading LTC, both parties are charged 0.75%, which is extremely low compared to the industry average. Plus, depositing funds into the account is also free, with the minimum deposit being $50. 

Lastly, eToro has a reputation of being one of the safest exchanges in the crypto world. It is regulated by FinCEN, FCA, CySEC, FINRA, and ASIC – some of the leading regulatory institutions. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Crypto.com – Allows Users to Earn Interest on Litecoin 

This crypto exchange allows users to earn up to 14.5% interest annually for trading Litecoin, which makes it very appealing to a large number of traders. 

Additionally, Crypto.com supports more than 250 currencies aside from LTC and it’s a great alternative in case you are interested in investing in other cryptos as well. 

When it comes to fees, traders are charged a commission fee that stands around 0.4% of the position value. 

 >>>Visit Crypto.com Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

WeBull – Exchange with a Competitive Fee System 

WeBull is a great alternative exchange to consider due to the competitive fee system. Traders aren’t charged with a commission and the transaction fees are extremely low. 

In terms of security, the platform is regulated by both FINRA and SEC and it is one of the most reliable exchanges for US citizens. 

Also, WeBull can be great for beginners since the user interface is very easy to navigate through and making trades is pretty straightforward. 

 >>>Visit Webul Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to Buy Litecoin with PayPal – Step-by-Step Guide (eToro) 

Finally, let’s show you exactly how to buy Litecoin with PayPal with our detailed guide. Since eToro is by far the best exchange option, we will use it here as an example. 

Here are the steps you should follow to make your first investment in only a few minutes. 

Step 1 – Open an eToro Account

To open up an eToro account, all you have to do is visit eToro’s official website and press the ‘Join Now’ button. 

Then, you will have to fill in the personal details section with information such as your name, address, phone number, etc. 

You will also need to upload a photocopy of your passport or driver’s license to verify the account since eToro is very strict about AML regulations. 

Step 2 – Use PayPal to Fund Your Account

To fund your new account, click on ‘Deposit’ and choose PayPal in the dropdown menu of payment options. 

Follow the instructions that will appear, you won’t spend more than a few minutes linking your PayPal account. 

Next, type in how much money you want to transfer (the minimum is $50 for new users). 

Step 3 – Buy Litecoin

After finishing the previous steps, all you have to do now is place your Litecoin investment. 

You should type in ‘LTC’ in the search box and click on ‘Trade’ to begin the purchase. Enter the amount of LTC you want to buy and finish up by pressing ‘Open Trade’. 

 >>>Find Litecoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to Buy Litecoin with PayPal – The Verdict 

Buying Litecoin with PayPal is fairly simple and you can do it in a matter of minutes by following our detailed guide. 

The hardest part is often picking the right platform that offers the best commodities. In this case, we recommend that you use eToro due to its extremely low fees and reliable security system. 

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