Buy Litecoin with Skrill

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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.
In the following sections, we will show you how to prepare before you buy Litecoin with Skrill and where to store your coins after the purchase.

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?

With more than 40 million users worldwide, Skrill is one of the veterans in the digital wallet industry. The platform not only supports 200 countries but it also exchanges more than 40 currencies. This fact has made Skrill a close competitor for the digital money giant PayPal.

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.
You are now ready to buy Litecoin with Skrill. Head back to the top of this page to start a transaction, or check the process in further detail, in the "step-by-step" guide below.