You probably already know that Litecoin (LTC) is one of the oldest cryptocurrencies available and consistently ranks among the five largest in terms of market capitalisation.
Created by Charlie Lee, the former Google employee and later CTO of Coinbase, Litecoin was one of the first altcoin projects to show huge real-world potential.
Litecoin is one of the most popular digital assets as it offers cheaper and faster transactions than Bitcoin, making it useful for everyday purposes.
Let’s take a look at how to buy Litecoin in Russia.
Bitflip and Exmo
If you are interested in buying or selling Litecoin, your path will surely pass through the most popular Russian-language crypto exchanges – Bitflip and Exmo.
To begin, you will need to go through a simple registration procedure on exmo.com. Once registered, you can open the wallet, which, of course, is empty. You need to add funds using any electronic payment system or bank card. You can add funds in rubles, euros, and dollars.
You can add funds directly with a bank card using AdvCash, Payeer, OKPAY, and MoneyPolo. But keep in mind the commission is quite high. It is better to use proven methods such as Qiwi and Yandex.
How to buy Litecoin on the Exmo exchange
Go to the “Trades” tab. This will show a list of multiple pairs that are available for trading. If you are using rubles and want to buy Litecoin, then choose the LTC/RUB pair. The exchange will then show the LTC/RUB chart in the form of candles with two options below: buy and sell.
The “Purchase” column is divided into two sections – you can choose to buy using limit or market orders. The latter means that you want to buy Litecoin at the current market price. A limit order means that you want to buy only at a better price that suits you, but you have to wait for the price to change.
Below the chart there are three more important columns with information about the orders that have been traded on the exchange in reverse chronological order from the last to the most recent. The first two columns correspond to sell orders and buy orders. The third column displays your own orders.
Enter how many Litecoins you want to buy in the corresponding field and click on the blue button “Buy LTC” to purchase your crypto.
Bitflip only launched in the summer of 2017, but it is already a very popular and respected exchange in Russia. It features a simple registration procedure and a convenient Russian-language interface that is easily understandable even for beginners.
While the commission percentage for trades is quite high, the exchange is one of the most convenient and reliable places for cryptocurrency trading in Russia.
You can add money to your account using Kiwi, WebMoney, Yandex, and electronic payment services with bank cards. The site interface is so simple that you will immediately see where to buy Litecoin with rubles. To start trading, click on “Trading Pairs” on the right side of the screen and select LTC/RUB.
The most important thing that attracts people to the exchange is the simplicity of adding and withdrawing funds. It does not require any verification using a bunch of supporting documents and passport data. Therefore, if you want to buy Litecoin quickly, reliably, and without unnecessary red tape, then Bitflip is a worthy option.
If you are looking to buy Litecoin with rubles without commission, then please note that this is impossible. Some form of percentage for the operation is required on every exchange.
The exchanges mentioned in this article are legitimate options and have proven reliable over the years. You can check BestChange.ru to view the only verified and reliable exchange points in Russia that have been thoroughly tested. Each of the exchanges listed on this site has a decent foreign exchange reserve and strong experience in the exchange of electronic money.
You should also note that many exchanges are also struggling with fraud. To combat this, exchanges often set daily limits on the purchase of currencies using credit or debit cards. For example, new users can exchange no more than $100 a day, and this limit increases gradually over time.
This should also be taken into account when choosing an exchange, especially if you urgently need to purchase a large number of coins. As for trading on your chosen exchange, in order to successfully buy or sell Litecoin, it is important to wait for the right moment to open or close the transaction, and not to panic if the price of cryptocurrency has suddenly increased or vice versa.
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