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How to Buy Litecoin with Skrill
How to Get Started 
Litecoin (LTC) has seen a tremendous rise in popularity since its creation in 2011. The cryptocurrency aims to be a faster, upgraded version of Bitcoin (BTC) that is focused on daily usage and microtransactions. To conduct a transaction, simply do the following:
- Scroll up to the top of the page and enter the amount you wish to exchange.
- Start a new transaction.
What is Litecoin?
Much like Bitcoin, Litecoin tries to solve the problems of the centralization of financial institutions by giving the decisive power back to the users. Here are some of its benefits:
- Litecoin is decentralized - There is no central authority that controls Litecoin.
- Litecoin is faster than Bitcoin - Transaction times are four times faster than BTC.
- Cheaper transactions - The Scrypt algorithm used in LTC mining is less complex than BTC’s SHA-256.
- Limited supply - Even though it has four times the maximum supply of Bitcoin (84 million coins vs 21 million coins), this limited quantity should help LTC maintain its value throughout the years.
What is Skrill?
The Skrill electronic money service offers a low-cost alternative to traditional banking and sending and receiving (international) payments online.
As such, Paybis integrates Skrill as a legitimate payment method for purchasing cryptocurrencies on our exchange. So, if you want to learn how to buy Litecoin with Skrill, keep on reading.
Open a Litecoin Wallet
Before you purchase any cryptocurrency, you must have a specialized wallet where you are going to store your coins. To buy Litecoin with Skrill, you will obviously need a Litecoin wallet. There are five main types of Litecoin wallets:
- Mobile wallets
- Online wallets
- Desktop wallets
- Hardware wallets
- Paper wallets
Once you create your Litecoin wallet, you should be ready to proceed with your purchase.
Where to exchange Skrill to Litecoin
To buy Litecoin with Skrill successfully, you will need a cryptocurrency exchange that offers this particular trading pair. Here are some of the advantages that Paybis offers to its users:
- A simple interface that provides both beginners and seasoned investors a pleasant buying experience.
- KYC process is completed in less than 5 minutes, and only needed for your first transaction.
- 24/7 support - Our customer service is reachable day and night through the live chat interface or via email.
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Fast ID verification
Your ID is verified in less than 5 minutes
Live 24/7 support
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No unexpected fees
Fees are already priced into your order before you begin a transaction
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What Can You Do with Litecoin?
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FAQ
Do Skrill to Litecoin transactions require ID verification?
This verification process will require some personal information, all of which can be found here.
How to purchase LTC with Skrill from your location?
If your country is eligible for our services, follow these steps:
- Create an account on Paybis and log in.
- Select “Skrill” on the left and “Litecoin (LTC)” on the right.
- Enter the amount you wish to exchange and continue.
- Provide your Litecoin wallet address.
- Follow the instructions to complete the KYC process.
- Once verified, complete your Skrill payment.
- Receive your Litecoin in the previously designated wallet.
When is the best time to buy Litecoin?
Dollar-cost averaging is a great investment strategy where you plan on holding for the long term. This allows you to spread your purchases into multiple occurrences, which reduces the chances of buying all your coins at once at a top-dollar price.
There are multiple investing strategies, and you should always do extensive research before investing significant amounts in Litecoin.
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