Buying Litecoins with Bitcoin

[adam9317]

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

[cctekh]

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.

[GigaCoin]

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

[PenAndPaper]

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.

[adam9317]

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

[willpower101]

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?

[CoinHoarder]

This is how I would do it:

1. Buy Bitcoins at 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/ account
3. Trade for Litecoins
4. Send to cold storage (https://liteaddress.org/ or a physical litecoin 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.

[adam9317]

This is how I would do it:

1. Buy Bitcoins at 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/ account
3. Trade for Litecoins
4. Send to cold storage (https://liteaddress.org/ or a physical litecoin 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