How to buy Litecoin (LTC) with US dollars (USD) for the first time: important points for a successful exchange

If you have never exchanged fiat currency for crypto before, you need to be especially careful when making virtual transactions. On the one hand, buying Litecoin (LTC) for US dollars (USD) is quite simple, because all processes take place online and take a minimum of time. But there is always a risk of using an insufficiently reliable portal. It is necessary to evaluate the platforms in advance and choose the best one based on a set of criteria, and the bestchange.com service will help with this, where data on crypto exchangers is updated in real time and ratings are automatically generated.

What is the risk of exchanging USD for LTC on an unverified portal?

The correct choice of the platform for making transactions is the main condition for the successful acquisition of Litecoin (LTC). You cannot open the first link you come across in Google and immediately enter the e-wallet number - first you need to analyze the conditions and reviews. You do not have to independently search for reviews and compare portals - there is a ready-made rating that gives an objective idea of ​​​​which sites can be trusted.

If you ignore the exchanger verification stage, you may encounter the following problems:

theft of personal and financial data - the information obtained can be sold to third parties and / or used to apply for loans;

unfavorable terms for buying Litecoin, in particular, with too high a commission for transfers;

blocking access to the card and LTC wallet - if the data falls into the hands of intruders, they can change the passwords;

unplanned payments, which is especially unpleasant when you need to receive a specific number of coins on your account for subsequent payments;

receiving requests for verification, which takes a lot of time.

As the popularity of crypto exchange operations increases, the number of portals that only imitate the process of buying tokens, but in fact appropriate users' money, is growing. Only attentiveness and refusal from hasty decisions about cooperation will help protect yourself.

Sequence of actions during the transaction

If you are interested in the Litecoin cryptocurrency, it makes sense to buy it right now, because in the future the rate can grow significantly, as it did with Bitcoin. You can buy the required amount of coins for US dollars (USD) at any time. To do this:

Decide on the exchanger, choosing the one that suits you in terms of reserve size, commission and other parameters.

Read the terms of the transaction carefully.

Fill out an online request, indicating the amount you intend to buy, card details and virtual wallet number, as well as a phone number.

After checking the data, confirm the payment and wait for a notification from the bank about the withdrawal of funds.

LTC will be transferred to the e-wallet quickly, but sometimes a confirmation request may be sent before the transfer. If you are worried that the payment will not go through, agree on the transaction with the bank in advance.

Related Articles:

Tags

Load comments