How to Purchase Ethereum (ETH) using Litecoin (LTC)

To buy Ethereum using Litecoin, first, find a cryptocurrency exchange that supports the ETH/LTC trading pair, such as Nexo, YouHodler, Binance or BTSE. Create an account, verify your identity, and deposit your LTC into your exchange wallet. Locate the ETH/LTC pair on the trading platform and place an order to exchange your Litecoin for Ethereum. If the ETH/LTC pair is unavailable, you can first exchange Litecoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.