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Title: Buying Litecoins with Bitcoin Post by: adam9317 on December 04, 2013, 08:24:30 PM Personally I see a better short term future for litecoins so I am going to invest in them.
I currently have some bitcoins at bitstamp, do I have to use them to buy litecoins or can I use USD to buy litecoins? Thanks very much Title: Re: Buying Litecoins with Bitcoin Post by: cctekh on December 04, 2013, 09:07:03 PM You can use those Bitcoins, but you will have to transfer them to an exchange that supports Litecoins.
https://btc-e.com/ https://www.cryptsy.com/ Are two popular ones I have read about. You can also use USD if you'd like and the exchange supports it. Title: Re: Buying Litecoins with Bitcoin Post by: GigaCoin on December 04, 2013, 09:17:56 PM Personally I see a better short term future for litecoins so I am going to invest in them. I currently have some bitcoins at bitstamp, do I have to use them to buy litecoins or can I use USD to buy litecoins? Thanks very much just a warning, dont use USD deposits on bitstamp, too many people had issues i personally know someone who did. if you're using them using BTC to buy litecoins Title: Re: Buying Litecoins with Bitcoin Post by: PenAndPaper on December 04, 2013, 09:20:42 PM Personally I see a better short term future for litecoins so I am going to invest in them. I currently have some bitcoins at bitstamp, do I have to use them to buy litecoins or can I use USD to buy litecoins? Thanks very much It will be 10 times easier to deal with cryptos only. Withdraw your bitcoins and trade them in btc-e or cryptsy for litecoin. Title: Re: Buying Litecoins with Bitcoin Post by: adam9317 on December 04, 2013, 09:45:42 PM I actually haven't bought any bitcoins yet, but I was just about to buy them off bitstamp.
So should I just buy directly over btc-e? Also what do you reckon the future is like for litecoin Title: Re: Buying Litecoins with Bitcoin Post by: willpower101 on December 05, 2013, 03:23:31 AM I actually haven't bought any bitcoins yet, but I was just about to buy them off bitstamp. So should I just buy directly over btc-e? Also what do you reckon the future is like for litecoin This is a good question for me too. If I plan on dealing in LTC to start, should I buy directly LTC? Are there less hurdles to jump through? And from which exchange? Title: Re: Buying Litecoins with Bitcoin Post by: CoinHoarder on December 05, 2013, 04:00:23 AM This is how I would do it:
1. Buy Bitcoins at https://coinbase.com/ (https://coinbase.com/) (takes 4-5 business days and goes by the market rate of when the check clears.. uses echeck) 2. Send Bitcoins to your https://btc-e.com/ (https://btc-e.com/) account 3. Trade for Litecoins 4. Send to cold storage (https://liteaddress.org/ (https://liteaddress.org/) or a physical litecoin ;) https://www.cryptovest.com (https://www.cryptovest.com)) Don't store coins on the exchange. If you don't want to use cold sotrage, store them on your computer and make sure your wallet is backed up and encrypted & your anti virus updated. Title: Re: Buying Litecoins with Bitcoin Post by: adam9317 on December 05, 2013, 07:02:24 PM This is how I would do it: 1. Buy Bitcoins at https://coinbase.com/ (https://coinbase.com/) (takes 4-5 business days and goes by the market rate of when the check clears.. uses echeck) 2. Send Bitcoins to your https://btc-e.com/ (https://btc-e.com/) account 3. Trade for Litecoins 4. Send to cold storage (https://liteaddress.org/ (https://liteaddress.org/) or a physical litecoin ;) https://www.cryptovest.com (https://www.cryptovest.com)) Don't store coins on the exchange. If you don't want to use cold sotrage, store them on your computer and make sure your wallet is backed up and encrypted & your anti virus updated. This has been very helpful, Thanks I have downloaded a litecoin wallet onto my computer, would this work as cold storage? Also are you able to send btc from bitstamp to btc-e? Thanks very much |