How to buy Litecoin (LTC) with iDeal via bitFlyer?
Are you interested in buying Litecoin and not sure where to get started? We’ll do our best to cover all the important aspects of buying Litecoin with iDeal on bitFlyer. But first, let’s cover some basics about Litecoin.
Litecoin was one of the first cryptocurrencies that appeared in the worldwide crypto arena. What distinguishes this type of digital currency from others? Litecoin is a type of decentralized currency created back in 2011 by developer Charlee Lee. Litecoin has some advantages over its other cryptocurrency competitors. For instance, compared to Bitcoin, Litecoin offers much lower transaction fees. At the beginning of 2019, the flat fee for sending Litecoin was $0.05, while Bitcoin’s fee was $0.56.
bitFlyer offers a very simple way of buying Litecoin with iDeal, for an instant purchase!
Advantages of buying Litecoin (LTC) with iDeal
Buying Litecoin has never been so simple. Purchasing Litecoin with iDeal on bitFlyer has a lot of obvious advantages that make it a very comfortable experience.
The iDeal payment system is a Netherlands-based company that has been facilitating quick e-payments since 2005. This platform is deservedly considered one of the most convenient and reputable among a wide range of customers. iDeal is an online banking platform that allows customers to make all kinds of purchases directly from their bank accounts. Cryptocurrencies like Litecoin are no exception!
Let’s take a small glance at statistics. More than 55% of online purchases in the Netherlands were completed with the iDeal payment system. Without any doubt, it’s a good sign of the reputability and trustworthiness of this payment provider.
iDeal offers a lot of advantages as a payment system for purchases on bitFlyer.
- Speed. iDeal transactions are much faster compared to other payment methods, such as a classic bank transfer for example. The average time of financial transactions with iDeal on bitFlyer is a few minutes. Thanks to Instant Buy and iDeal, you can quickly react to the market and buy Litecoin with just a few clicks!
- Security. The most important feature of iDeal is the strong security measures implemented into the platform. The iDeal payment system uses the best protection features for mobile and internet banking. Moreover, you make any kind of payment from your own bank account. You don’t need to worry about the safety of your crypto transactions and any other kind of financial operation.
- Reputation. iDeal is deservedly considered one of the most popular and credible payment systems among the European crypto-traders.
- Simplicity. You don’t have to even register with the platform or fill in your payment details. If you are a customer of a bank that is a participating partner of iDeal, you’re good to go.
Steps to buy Litecoin (LTC) with iDeal on bitFlyer
The procedure for buying Litecoin is very easy. All you need is to follow these steps:
- First, create an account. You can do this from our website or on the bitFlyer mobile application. Fill in all your personal and financial information in order to validate your registration
- Also, you have the option of upgrading your account to Trade Pro, so you can enjoy limitless deposits and withdrawals.
- Go to the "Instant Buy" Section and select the cryptocurrency you would like to buy, in this case: Litecoin.
- Enter the amount of EUR you would like to invest in.
- Select "iDeal" as the payment method that you will use.
- Proceed to the payment and that's it! You have bought Litecoins with iDeal.
Other methods to buy Litecoin (LTC)
Buying Litecoin with iDeal on bitFlyer is probably one of the fastest and most accessible ways for many of you. However, there are also other accessible and convenient options to trade your crypto. These are: Credit and Debit Cards, Sofort, Giropay, a Direct Bank Transfer or a SEPA bank transfer.
Each of these methods has its strong points. For instance, credit and debit cards are one of the most accessible methods of payment due to the number of Visa and Mastercard holders around the world. Sofort and Giropay are some of the most reputable payment service providers among European crypto customers.
Also, there are always the classic Direct Bank Transfer and SEPA bank transfer that allow transferring some funds that will then be available for trading when the time is right! You can try any or all of these and decide which one you prefer.