How To Buy Litecoin (LTC) Online

How To Buy Litecoin (LTC) Online

1st February 2019 0 By Cameron

If you’ve read the buy cryptocurrency online page, then you already know that it’s easy to buy Litecoin LTC with XCH4NGE is easy and secure. You can choose your seller based on their accepted methods of payment, available stock limits, username, and asset list price, ensuring that you can find the right seller to buy Litecoin from. We’ll go over the steps quickly just to recap.

1. Register with XCH4NGE

When visiting the XCH4NGE home page, hit the blue Register Now button in the top right hand corner. You’ll then be asked to fill in your personal details, as well as go through the KYC/AML procedure. Once you’ve fully completed the registration, you’re ready to initiate your transaction.

2. Initiating a Transaction

To initiate a transaction to start buying Litecoin, you must first log in to XCH4NGE. Once you’re in your user dashboard, click the “Buy/Sell” button in the top right hand corner. This will bring you to the XCH4NGE order book page. At the top of the order list you will see the cryptocurrencies available for purchase. To buy Litecoin, select the Litecoin logo by clicking “buy”. Now that you’ve selected your currency, you’re ready to place your order.

3. Placing Your Order

To place an order to buy Litecoin online, you must first pick a seller. Each seller has three different criteria that you can use to find the best deal for you; payment method, price, and available currency limit. It’s important to make sure that you are happy with each of these fields before proceeding. When you’ve found a seller you want to buy Litecoin from, click the blue “select” button to the right of their information.

You should now be looking at the purchase page. On this page, you will confirm the amount of Litecoin you would like to buy, whether in LTC or in GBP. When setting your price in either currency, the other field will automatically adjust to display the correct value. To keep transactions running smoothly and efficiently, this section has a 90 second time limit.

Once you’re happy with your order, hit the request purchase button at the bottom of the window. Clicking this will trigger an automatic message in the communication window to the seller. This asks them to confirm that they are online and ready to sell you Litecoin. When they respond in the affirmative, you have now entered the payment stage!

4. Payment

After confirming that they are available for you to buy Litecoin, the seller will then send you their authorised bank details. At this point, you should now open your online or mobile banking and transfer the agreed amount to the seller (making sure you include the given reference code).

Once you’ve transferred the full amount and notified the seller, the seller will check their bank account and confirm receipt of the money. Please note that there is a 30 minute window between the authorisation of the seller’s bank details and the seller confirming receipt of the full amount. Once again, this is to ensure a timely transaction process and maintain transaction security.

5. Concluding Payment

Once the seller confirms that they have received your payment, they will mark the transaction as complete on the platform. At this point, the Litecoin (LTC) will be released from escrow into your XCH4NGE wallet.
Congratulations, you have completed your purchase of Litecoin with XCH4NGE!

Raising a Dispute

Unfortunately, not every transaction goes smoothly. You may need to dispute a transaction when the following criteria are met:

  • The seller has not confirmed the payment after you have sent the payment (unresponsive)
  • The transaction has been marked as complete, but you have not received the Litecoin (LTC)
  • The seller is attempting to convince you to send the payment to a non-verified bank account

To raise a dispute, press the blue ‘Dispute’ button underneath the transaction chat window. Please note that if either party provides fraudulent information/documents in the dispute process, XCH4NGE reserves the right to immediately settle the dispute against the party in violation. If you believe that XCH4NGE has resolved a dispute in a manner not in accordance with our Terms & Conditions, you may request a review by contacting customer support no more than 30 days after the resolution in question.

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