What are Litecoin and LTC?
Litecoin (LTC) is digital money built for instant, near zero-cost payments anywhere in the world. It runs on peer-to-peer technology, which means transactions and issuance are managed collectively by the network rather than by a central authority.
Litecoin's blockchain also generates blocks more frequently than Bitcoin's.
How to buy Litecoin in the UAE
In the Crypto.com App, the basic steps are:
- Sign up and verify your identity. Download the Crypto.com App or register online, confirm your email and complete identity verification.
- Top up your account.
- Select Litecoin on the trading screen and complete your purchase.
Once your funds are available, you can buy Litecoin and manage it all in one place.
How can you fund a Litecoin purchase?
You can fund your account for a Litecoin purchase using a bank transfer in AED, a SWIFT transfer in USD, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet.
If you deposit crypto from another wallet, make sure you send a supported cryptocurrency to the correct address. Crypto transactions are irreversible, and attempting to deposit a non-supported token may result in the loss of those tokens.
What is the minimum Litecoin purchase?
The minimum amount needed to buy Litecoin on Crypto.com is as little as 10 AED. This means you can buy a small fraction of Litecoin rather than having to buy a whole coin.