Where to buy Litecoin in Taiwan: Tutorial on buying Litecoin in Taiwan

How to buy Litecoin in Taiwan

There are many ways to buy Litecoin, such as through local and international exchanges, offline purchases and P2P (peer-to-peer) trading. Here are some of the most common steps:

Register for a suitable cryptocurrency exchange

The first step in buying Litecoin in Taiwan is to find a cryptocurrency exchange that supports LTC trading. Below are some popular cryptocurrency trading platforms in Taiwan:

• Ouyi OKX Exchange: Known for its user-friendliness and security, it is a popular choice for investors in Taiwan. The platform offers LTC pairs and supports both novice and experienced investors.
• Binance(CoinSafe): A globally recognized cryptocurrency trading platform that supports multiple cryptocurrency pairs, including LTC.
• MAX ExchangeIt is the ideal choice for novice investors as it is a local exchange in Taiwan, provides Chinese interface and supports deposits in Taiwan Dollars.

All of these platforms can fulfill your needs, but choose a reliable exchange for secure trading.

Set up your account and complete KYC verification

1. Registered Accounts: Most trading platforms require users to register and complete identity verification (KYC). This usually involves uploading identification documents, mobile phone verification, etc.
2. Setting up double validation (2FA): Enable 2FA to increase account security.

Funding Methods

After choosing a trading platform, you will need to deposit funds into your account in order to trade LTC. The main deposit methods are:

• Bank Transfer: Transfer funds directly from your bank account to the account number provided by the Exchange.
• Credit/Debit Cards: Some platforms support credit and debit card deposits for convenience.
• Cryptocurrency TransferIf you already own other cryptocurrencies, you can transfer them to an exchange and exchange them for LTC.

The process of buying Litecoin in Taiwan

Once you have completed your deposit, you can start buying Litecoins. Below are the steps to purchase:

1. Select Pair: Look for "LTC/TWD" or other LTC pairs on the trading platform.
2. Setting Orders: You can choose between a Market Order (for immediate purchases) or a Limit Order (for purchases at a specific price).
3. Confirm Purchase: Confirm your purchase by checking your order information and LTC will be credited to your account immediately.

How to Store Your Litecoin

After purchasing the Litecoins, store them as far as possible

• Exchange Wallet: Suitable for frequent traders, but less secure.
• Hot Wallet: Suitable for storing a small amount of LTC for easy transfer and payment.
• Cold Wallet: Like hardware wallets and paper wallets, they are suitable for long-term storage and are extremely secure.

Notes on buying Litecoin in Taiwan

• Price fluctuationsLitecoin price fluctuates dramatically, please control your risk.
• Security Risks: Avoid using the public Internet for transactions and keep your account secure.
• Regulatory Moves: The cryptocurrency market is subject to policy, so stay tuned for changes in Taiwan's regulations.

Frequently Asked Questions Q&A

1. Is it legal to buy Litecoins in Taiwan?
Currently, Taiwan's cryptocurrency trading

2. What is the minimum amount of Litecoin to be purchased?
The minimum purchase amount varies from exchange to exchange and is generally around SGD 100 but can be adjusted according to platform requirements.

3. Can I use my credit card to purchase LTC?
Some platforms support credit card purchases of LTC, such as CoinSafe and Ouyi, but will charge a higher handling fee.

4. Where can I view the price trend of the Litecoin?
You can monitor LTC's price movements through the exchange's price charts, or by referring to sites like TradingView.

Recommended Reading:

2024 Latest｜OKX Registration, Account Opening + Deposit Tutorials

Taiwan OKX Euronext Complete Introduction: Teaching, Deposit and Buy Currency, Security, Handling Fee to understand at once