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Bitcoin and Ethereum stand out as the foremost cryptocurrencies globally, with Litecoin closely trailing behind, particularly renowned in Georgia.
For those seeking to initiate Litecoin purchases but uncertain of where to commence, this blog serves as a guide on seamlessly acquiring Litecoin through Cryptal, regardless of prior experience, while also benefiting from the most competitive fees available in the market. This blog delineates the process into two straightforward steps, elucidating each aspect comprehensively.
Buying Litecoin Online
Cryptocurrency exchanges are widely recognized as the most accessible and cost-effective platforms for purchasing digital assets. Cryptal, the Georgian crypto exchange, streamlines the process for users, providing clear guidance tailored to their understanding, and facilitating effortless Litecoin acquisition with minimal hassle.
It's imperative to note that to engage in crypto transactions, a cryptocurrency wallet is essential. Upon registration on Cryptal, users have the option to create a cryptocurrency wallet of their choice, completely free of charge, directly from their account.
Each cryptocurrency necessitates its designated wallet; for instance, Bitcoin requires a Bitcoin wallet, and Litecoin necessitates a Litecoin wallet. This parallels the conventional banking system, where Georgian Lari (GEL) corresponds to a GEL account and US Dollar to a Dollar Account.
Step 1: Create an Account on Cryptal
To ensure secure cryptocurrency transactions, it's crucial to undergo a straightforward registration and verification procedure on the platform. If you've completed this process previously on any website, registering an account on Cryptal should pose no challenges.
Step 2: Buying Litecoin with Convert
The "Convert" feature facilitates instant cryptocurrency purchases with just a few clicks. Accessible via the banner on Cryptal's homepage, this function enables users to swiftly acquire their desired cryptocurrencies.
Upon navigating to the "Buy Crypto" section, you'll be directed to the conversion page, where you'll select your desired cryptocurrency and the fiat currency for purchasing.
In this instance, opt for Litecoin and TOGEL, serving as an alternative to Georgian Lari.
Subsequently, specify the amount of Litecoin you wish to purchase, and the system will promptly calculate the corresponding cost in TOGEL or GEL. Upon confirming your purchase by clicking "buy," the respective cryptocurrency will be swiftly deposited into your crypto wallet.
What are the Benefits of Convert?
- Easiness – The process is straightforward, simply Click a few Buttons.
- No need for Experience - Buying crypto requires no prior experience and is exceptionally user-friendly, even for beginners.
- It’s Instant - Instantly acquire cryptocurrency without any waiting period.
Buying Litecoin with Spot Trade
Should you opt to purchase Litecoin via the Spot exchange, Cryptal offers seamless assistance. Accessible directly from the main page, you'll find the Spot exchange feature to facilitate your Litecoin transactions.
When purchasing Litecoin directly from a crypto exchange through the Convert feature or on the Spot Exchange, you engage in transactions with fellow individuals like yourself. The exchange serves as a platform that connects crypto buyers and sellers, facilitating agreements on the amount and price of cryptocurrencies to be exchanged. Once both parties reach an agreement, the transaction is successfully executed.
For instance: if you place an Order to purchase 5 Litecoins on the Spot exchange at a rate of $220 per unit, your Order becomes visible to potential sellers. When someone willing to sell Litecoin enters the exchange and finds your Order acceptable, they will provide you with their Litecoin in exchange for the agreed-upon rate, bypassing the need for $220. This trading process occurs directly on the Spot exchange platform.
It's worth noting that the Spot exchange is tailored for individuals with a certain level of experience in cryptocurrency trading. Additionally, two additional functions are available on the exchange:
A. Market Order: This feature automatically secures the best available price on the exchange at the time of purchase.
B. Limit Order: With this functionality, you have the flexibility to manually set the maximum and minimum limits for the Litecoin price. These parameters dictate when the purchase should be executed, ensuring precise control over your transactions.
What are the Benefits of Spot Trade?
- Profitable - You have full control over the price at which you purchase Litecoin, allowing you to obtain the cryptocurrency at a rate that suits your preferences. This ensures that you secure Litecoin at the most favorable price tailored specifically to your needs.
Buying Litecoin with Cash
To purchase Litecoin using GEL with cash payment, you can utilize a crypto machine, known as a Cryptomat. Operating similarly to traditional banking ATMs, Cryptomats offer a convenient and familiar interface for users.
These devices are readily available in various shopping centers and stores across Georgia and Tbilisi. Notably, purchasing Litecoin via a Cryptomat is completely anonymous, ensuring privacy and security for users.
- Choose the Desired Cryptocurrency – Litecoin
- Scan the QR of your Crypto Wallet – Litecoin Wallet
- Choose the amount of Cryptocurrency
- Insert Cash
- Click Send Coins
Congratulations on successfully purchasing Litecoin! Your newly acquired cryptocurrency will be swiftly deposited into your wallet within minutes. Additionally, the device will furnish you with a receipt, serving as confirmation of the transaction as it is depicted in the video:
What are the Benefits of Buying Litcoin with Cryptomat?
- Buying with Cash – You can Buy Cryptocurrencies using solely Cash.
- Anonimity – Using Cryptomat grants you total anonymity.
How to Top-up Balance on Cryptal for Buying Litecoin?
To initiate an online purchase of Litecoin through Cryptal, you'll first need to fund your account balance. Cryptal supports various currencies for this purpose, including Georgian Lari (GEL), US Dollar (USD), and Euro (EUR).
To Top-up the balance there are two easy ways:
- Add TBC or BOG Cards to your Cryptal’s Account
- Top-up Balance using Wire Transfer
Upon topping up your account with fiat currency, the funds will be swiftly credited within a matter of seconds. You can then proceed to purchase Litecoin seamlessly without encountering any hurdles.