Current Price Of Litentry, Market Cap, And How To Buy Litentry: Litentry (LIT) is a ECR20 token built on Substrate, Ready for Polkadot, Litentry describe itself as a decentralized identity authentication and user activity data management infrastructure.
Ever since crypto and NFT market got massive adoption by many investors, brands and celebrities across the globe, All eyes has been on crypto and a lot of developers has come up with a lot of crypto projects, so far there are over 14,000 crypto currencies in the world and Litentry is one of them. Without wasting much of your time, we will be giving you all you need to know about Litentry and how you can buy the token.
What Is Litentry?
Litentry Market Cap
How To Buy Litentry .
With the recent hike in the price of Litentry , there has been a high demand from potential investors who wish to buy and own Litentry , A lot of crypto investors are searching the internet to get the right information on how to how & where to get their Litentry as well as storing them in a secured wallet.
Litentry is a freely-tradable token, with the majority of volume on major exchanges occurring on Binance, Kucoin, Gate.io and Uniswap. Pairs against other cryptocurrencies and stablecoins are active, as well as with fiat, including on Bankman-Fried’s FTX exchange
NOTE THAT: Litentry cannot be directly purchased with fiats currency. However, You can easily purchase this token by purchasing USDT or any major Crypto Currencies like BITCOIN from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this Sushi Token, in this guide article we will walk you through in detail the steps to buy and own your first Sushi Asset.
Register on Fiat_to_Crypto Exchange
Since you can’t buy Litentry directly with Fiat Currency, You will have to buy one of the major cryptocurrencies (BTC, USDT, ETH). But in this case let’s consider USDT (USDT). You can perform this transaction on fiat-to-crypto exchanges, like Binance and Coinbase.com you can decide to use any of them as they are widely adopted in the crypto world, They are rated among the largest crypto exchanges that accept fiat deposits in the world.
All you need to do, create account with them ( ensure you keep your password safely) after creating an account then move to the next step which is to buy USDT.
Buy USDT with fiat Currency
Once you finished with account creating and KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a direct bank transfer.
PLEASE NOTE: You will be charged higher fees when using cards but you will make an instant purchase. While a bank transfer attract lower charges but slower purchases, Though it sometimes depends on the country of your residence, some countries will offer instant cash deposit with low fees.
Transfer USDT to an Altcoin Exchange
After buying your USDT, it’s worthy of note that since Litentry is an altcoin that can’t be traded in all Crypto exchange, we need to transfer our USDT to an exchange that Litentry can be traded. Many exchanges has their own policies as some has restrictions to some countries, for example Binance does not allow investors from USA as customers. So you have to choose an exchange that suit your location and create an account with them before proceeding to the next steps.
PLEASE NOTE: It is always advisable to set up 2FA authentication as it adds extra security to your account.
Deposit USDT to Your Preferred exchange
Depends on the policies of the exchange, you might be required to go through another KYC process, this usually takes minimum 0f 30 minutes and a maximum of a day, After the whole verification process you are now good to go.
Since we are now transferring our previously bought USDT on crypto exchange e.g Coinbase to the exchange where SUSHI can be traded, click on ‘Copy Address’ or right-click on the full address and click copy to grab this address to your clipboard. Now head back to Coinbase, go to Portfolio page and click on the USDT on your asset list, then click on ‘Send’ on the right.
Under the Recipient field, paste the wallet address from your clipboard (from the exchange you want to send your USDT to), for security and accuracy reason, you should always check if both addresses are matching and Click ‘Send’ to proceed, you should receive a confirmation email instantly, click on the confirmation link on the email and your USDT are on the way to your preferred exchange.
Now go to your exchange to confirm your USDT arrival, don’t worry if you haven’t seen your deposit almost immediately, It might be undergoing some network verification on blockchain network and this should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from your exchange once your USDT has arrived. guess what? You are now finally ready to purchase your Litentry Token
At this stage which is the final of your purchase, held to your exchanging platform, then go to ‘Exchange’. make sure “USDT” is selected to be able to trade USDT to altcoin pair of your choice, in this case Litentry . You should see Litentry LIT/USDT, select that pair and you should see a price chart of Litentry LIT/USDT in the middle of the page. All you need to do is to execute your order and you are done getting your Litentry LIT Token.
Some Top Exchanges You Might Love Base On Your Location
BitMart – Is one of the most trusted cryptocurrency trading platform which provides real-time trading services including Bitcoin (BTC), Ethereum (ETH) and other Altcoins. It accept American customers unlike BINANCE that doesn’t support American customers.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here.
After Purchasing your Litentry LIT, and your plan is to hold it for long. You will have to open a secure wallet online or you make use of appropriate “Cold Wallet” as there had been too many hacking incidents associated with online and funds had lost severally.
Thank you for your time, note that this page is open for update and corrections. Please Note That, buying of crypto currencies is at your own risk, all our post is for education purpose and it’s advisable that you buy according to the dollars you can afford to lose.