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How to buy Litentry (LIT) in the UK

Learn how to buy Litentry (LIT) on 2+ crypto exchanges in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Litentry (LIT) is the 511th largest cryptocurrency by market cap, valued at US$36,384,195.

Litentry is a highly volatile asset capable of major price swings in a single day. Today LIT is trading for $0.9188 USD, which is lower than yesterday's trading price of $0.9331258141 USD. Over the past year, Litentry's price has seen an increase of 52%.

So before you buy Litentry, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Litentry.

How to buy Litentry in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Litentry is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Litentry
    You can now exchange your funds for Litentry. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Litentry to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Litentry in the UK

Find an exchange to buy, sell and trade LIT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
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Kriptomat Cryptocurrency Exchange
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
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View details
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How we keep this Litentry guide up-to-date

  • LIT price data is regularly updated through data feeds so you always have the latest information.
  • Litentry performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Litentry?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Litentry?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Litentry.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing LIT with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Litentry?

The easiest way to buy LIT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying LIT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Litentry has been performing recently.

Best Litentry wallets to store your LIT

You can keep your LIT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LIT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Litentry a good investment?

LIT is, first and foremost, a utility token, but it is important to evaluate both the platform and the token before making an investment. Here are some factors to consider before purchasing LIT:
  • Use cases. LIT tokens can be used to pay for all network services and are required by Identity Registrars that wish to create an indexed identity database on the platform. Decentralised identifiers are then found within these databases. To become an Identity Registrar, a third party needs to stake a certain amount of LIT. In return for providing data, an Identity Registrar is rewarded with more tokens. Finally, LIT can also be used as collateral on other DeFi platforms.
  • Governance. Holders of LIT will be able to govern certain aspects of the Litentry platform. Decisions may include the development of the network or the removal of dishonest validators.
  • Tokenomics. There is a total supply of 100 million LIT tokens. Of them, 65% will eventually be released to the community. The price of LIT will likely be closely linked with supply and demand. If demand for the token increases due to a spike in users, the price may increase accordingly.
  • Accessibility. LIT can be accessed from major tier 1 exchanges such as Binance.

Today's Litentry price versus ATH

Compare today's price of Litentry ($0.9188 USD) against its all-time-high price of $13.31 USD on 16 February 2021. The closer the bar is to 100%, the closer LIT is to reaching its ATH again.

Litentry's price: $0.9188
ATH date: February 16, 2021
6.90%

Litentry ATH: $13.31


How to trade, convert or sell Litentry

You can convert or sell your LIT with the same exchange you bought it through:
  1. Sign in to the exchange you have LIT on.
  2. If you store your Litentry in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of LIT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Litentry.
  6. Complete your transaction and move your LIT to a wallet for storage.
  1. Litentry lightpaper
  2. Litentry AMA
  3. Coinmonks
  4. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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