In this post I will describe how to buy Litecoin with debit card. My favorite crypto exchange site is Coinbase. You can also use debit card to buy some other crypto such as: BitCoin, Ethereum, Xrp, Eos, Dash, Tezos, Zcash and many others. Buying is very simple and safe. Continue reading and I will explain to you why Litecoin is the best solution for crypto related business. You can also sell Litecoin or some other crypto via Coinbase.
Why Litecoin is better than BitCoin for payments?
I am involved in several crypto related businesses such as: Infinity Traffic Boost, CryptoSurf, Infinity Mailer Boost… In beginning I used BitCoin as payment method but fees after BTC price has been increased is not so small and I was searching for better solution. I found Ethereum and Litecoin – two top 10 cryptocurrencies. First I used Ethereum as alternative solution and than found that Litecoin have even smaller fees than Ethereum and it is very fast for payments. For compare: Bitcoin fees may cost about 1-2 $, Ethereum 0.1 – 0.5 $ and Litecoin just a few cents for smaller payments 10-100 $. On next screenshot you can see how small fees are and transaction has been confirmed in 20 minutes. (Seller has confirmed transaction after 2 confirmations in 3 minutes)
As you can see I was sending $ 18.58 and fees are 2 cents only. I use hardware wallet Ledger Nano S – the most secure way to protect crypto assets, more you can read in my review here.
For Litecoin you can often hear that is BitCoin younger brother. Litecoin was released by Charlie Lee ( a Google employee) in 2011. Litecoin is also much faster – about 4 times: process a block every 2.5 minutes. (Bitcoin process a block every 10 minutes)
At this moment Litecoin price is about $ 60. I believe that price will go much higher. More about Litecoin you can read here.
How to add a debit card to Coinbase?
The best way is to buy Litecoin with a debit card on Coinbase. There is a special bonus on Coinbase if you buy crypto for $100. ($10 bonus)
I have already posted about way to convert crypto into PayPal via Coinbase and about high security – you can read it here. Important reminder that you need to activate 2 FA security to be safe from hackers and scammers. If you dont have Coinbase account yet you can join here and grab your $10 bonus.
To add a debit card you need to go to “settings” section (drop-down on the top right) and then choose “linked accounts” at the top.
You need to choose Credit/Debit card and enter required information. (name on card, card number, expiration etc…) When you finish you will see your new linked account.
How to buy Litecoin?
To buy Litecoin or some other crypto you need to click on “trade” option on the top right and then choose buy option. If not select your card. Then you need to click on the “preview purchase” button and at the end “buy now” button.
In just a few minutes you will receive Litecoins in integrated wallet inside Coinbase. I suggest for higher amounts to use a hardware wallet instead. Sending is very easy: go to “accounts” section and click on “send” option.
There are also some other alternative solutions such as LocalBitCoins where you can find exchanges and people in your area. It is also very secure way and you can buy/sell for cash without having a bank account or via some other methods such as: PayPal, PaySafeCard, AdvCash, EGOPay, WebMoney etc…
If you want to sell crypto via Coinbase you can not make withdraw to your debit card. You have an option to withdraw via PayPal or to your bank account directly what is a little complicated (you need to add a bank account and verify with small SEPA payment to Coinbase). I use local exchange site in my country that I found on mentioned LocalBitCoins (on this way I dont need to make SEPA payment and when I sell crypto money will be on my bank account without any verification).
Hope that this post is useful for you, if you have any questions or doubts feel free to place a comment.