Litecoin is the most commonly used cryptocurrency in India. As much as Bitcoin stands like a giant on the edge of other secondary currencies, the latter also packs significant advantages. For Litecoin, for instance, one can consider being at least on the average level in the playing field, if not superior. The cryptocurrency has established significant potential to appreciate, thus garnering significant interest in various countries across the globe.
The early Bitcoin project began in October 2011 and has grown to be quite indistinguishable from the renowned Bitcoin. Delving a little onto the side, some of the critical features of Litecoin in India include:
· A fast-paced platform that makes it a significantly promising investment for anyone who wants to maintain their power in a cryptocurrency.
· An established work agreement network that entails a stockpile that works just as great as Bitcoin.
· A well-developed crypto market resource that can positively compare to Bitcoin.
That said, how do you buy Litecoin in India? Well, the first thing you need to do, is to check out the current price of Litecoin to Indian Rupee. It would be best to buy Litecoin directly with INR using credit cash payments, wire transfers or even PayPal; Subsequently, you can follow the simple guide below to get started with buying Litecoin in India;
Create a Suitable Digital Wallet
A digital wallet significantly comes in handy to hold cryptocurrencies for buying and selling online. It also creates a network that facilitates interactions with other crypto investors via blockchain technology. The availability of multiple digital outlets out there should probe you to identify the one that best suits your needs; as a hint, you can narrow down your search by going for the most popular wallet.
Register to Receive Services
Once you’ve signed up in your digital wallet, select the most suitable account, whether you want to trade as an individual or a corporate. Choose your country, read the terms and conditions for crypto trading, and agree with them.
Fill in Your KYC Details (Optional)
Some Cryptocurrency exchange platforms mandate you to complete KYC details before trading Litecoin, especially since you are within the jurisdiction of India. Upload your recent passport photo, your mobile number, and pan card details. Some exchanges do not need KYC verifications until a certain limit is reach.
Increase security of your account using 2FA
Its recommended to setup 2FA (Two factor authentication) on your account. In order to do this, you will need to download an Authenticator app on your device before getting started. Once you have installed one, you will need to enter a six-digit password before logging into your account. You might also need to include your email account and password in the process of signing in on Google.
Fill in Your Bank Details
Add functional bank credentials, including the institution name, account holder details, then enter IFSC code.
Conclusion
While in India, you can trade with Litecoin easily once you get the hang of going about it. While many people have not acknowledged the currency, its qualities balance out significantly. It continues to arise in the trading domain as monetary forms keep on advancing.
