There are a multitude of different ways to buy Litecoin in Germany, from well-known exchanges to peer-to-peer platforms like LocalBitcoins. In this article, we will go through all the different ways you can buy, sell, and trade the popular cryptocurrency Litecoin.
Why buy Litecoin?
Litecoin is an extremely popular cryptocurrency and is currently one of the top 5 cryptocurrencies by market capitalisation on CoinMarketCap. Created by Charlie Lee, former Google employee and later CTO of Coinbase, Litecoin was one of the first altcoin projects to show huge real-world potential.
Similar to Bitcoin, Litecoin is a digital currency that facilitates global transactions online. Litecoin allows users to send money digitally through the use of blockchain technology, without the need for intermediaries. It can also be used to pay for certain things such as travel and property.
Litecoin is one of the most popular digital assets as it offers cheaper and faster transactions than Bitcoin, making it useful for everyday purposes. It can also be integrated into businesses using payment systems such as Revolut, Wirex, or Coinbase.
Where to buy Litecoin in Germany
LocalBitcoins is a peer-to-peer exchange that connects cryptocurrency buyers and sellers within a certain geographical location. While the name only includes Bitcoin, Litecoin and other cryptocurrencies are also available to buy, sell, and trade on the site. Founded in 2012, the Finland-based exchange is one of the longest-running exchanges available. It facilitates payments through PayPal, bank transfers, and other online payment processors. The P2P exchange used to allow for cash payments, but as of June 2019, it has removed all cash trades. The change is suspected to be due to the security breaches it has suffered in the past.
Germany’s second-largest exchange Börse Stuttgart now lists Litecoin. The exchange prides itself on being able to offer longer trading hours, narrower spreads, active stop-loss support, and swift trade execution. The exchange offers support from the early hours of the morning till late at night to ensure all traders and buyers can leverage the latest market developments. The exchange also provides users with real-time data on all securities along with key news about Litecoin and other cryptocurrencies. Having this available allows users to know the best times to buy, sell, and trade.
Residents in Germany are also able to use Binance to purchase Litecoin. Established in 2017, the Hong Kong-based exchange is geared towards crypto-to-crypto trading. Binance caters to retail investors as well as professional traders with a range of around 400 cryptocurrency pairs. It is an industry leader in terms of trading volume and user count and is known as one of the most diverse exchanges on the market. Binance also offers discounts for those who trade whilst holding their native token, BNB.
Another exchange that offers Litecoin in Germany is Kraken. Kraken is amongst the oldest cryptocurrency exchanges available and still remains one of the most popular. Kraken was founded in 2011 and is based in San Francisco. It is available for users in the US, Canada, Japan, and parts of Europe, including Germany. The exchange is great for beginners and experienced traders alike. It offers a basic user interface alongside detailed documentation on how to use the platform. Kraken also boasts a high level of trading volume which enables more profitable trading for daily traders.
Germany is a country that encourages cryptocurrencies through laws and tax exemptions. Litecoin is available to buy easily and safely in Germany on a number of exchanges using a variety of payment methods.