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Author: Admin | 2025-04-28
After that, you will then need to make two separate trades. Firstly this will be EUR>SLL and then SLL>BTC. Depending on the exchange rate that the other sellers ask for, this could start to add up quite significantly.And finally, don’t forget that you will then need to transfer your Bitcoin to a cryptocurrency exchange to trade them for Litecoin, which will also cost you additional fees!Unfortunately, no matter which option you go for, using PayPal to buy a digital currency will always be much more expensive than traditional methods. This is because the risks are much higher!So, now that you know how to buy Bitcoin with PayPal, in the next part of my ‘Buy Litecoin with PayPal’ guide I am going to show you how to trade your Bitcoin for Litecoin! The Most Liked Findings Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look! How to Exchange Bitcoin for LitecoinIf you have followed my ‘Buy Litecoin with PayPal’ guide up to this point, you should now know how to use your PayPal account to buy Bitcoin. However, you’ve come here to buy Litecoin — not Bitcoin — so I am now going to show you the final stage of the transaction...I have decided to use LocalBitcoins in my example, as I find the process much easier than using VirWoX. The fees are also cheaper and there are fewer steps involved.Also, hundreds of cryptocurrency exchanges will allow you to trade Bitcoin for Litecoin, however, I have selected Binance. The reason for this is that their trading fees are one of the lowest in the industry, they have the largest trading volume and security is high too.Get your Binance Deposit AddressVisit the Binance homepage by clicking here.You will need to open an account, which should take no more than 2 minutes. You don’t need to provide any personal information, meaning you can trade anonymously!Once you are all set up, click on Deposits at the top of the page.In the drop-down box, search for Bitcoin. Be very careful here as there are lots of variations. Make sure you are selecting BTC – Bitcoin, which should look the same as my screenshot below.You will now be shown your unique Bitcoin deposit address for Binance. Click on Copy Address.Transferring your Bitcoin from LocalBitcoins to BinanceNow that you have set up your Binance account and copied your deposit address, you now need to go back to your LocalBitcoins account!At the top of the screen, click on the Wallet.Now you need to paste your Binance deposit address into the Receiving Bitcoin Address box. You also need to enter the amount of Bitcoin that you want to transfer. LocalBitcoins also allows you to enter a description, which is just a reference.Finally, click on the blue Continue box to complete the transfer. The coins should show up in your Binance account within about 10 minutes! Did you know? Want to get smarter & wealthier with crypto?Subscribe
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