It’s not only possible to buy cryptocurrency from us; you can also sell it to us! We consider it essential to offer our customers a platform that they can always fall back on to transfer their euros to cryptocurrency and vice versa. Therefore, you can also use our services to sell your Litecoins for euros.

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

• Buy Bitcoin
• Buy Ethereum
• Buy Ripple
• Buy Bitcoin Cash

Media like to proclaim that cryptocurrencies serve as an ideal payment method for criminal activities, because of their anonymous nature. However, this notion completely disregards the fact that a public blockchain is accessible for everyone, and that everyone can have a look at your entire transaction history. This is why you should be extra careful when submitting personal data, as this could lead to a scenario where people can link your identity to your wallet address. Once people find out that you are the owner of a particular wallet, they will be able to see how much Litecoin you have in possession, and how many transactions you have completed. In the crypto environment, the responsibility for guarding your privacy lies entirely with you.

One of the exciting aspects of digitalised currencies that make use of blockchains is that transactions are irreversible. If you have transferred Litecoin to someone else, you cannot just easily get it back. No one can revert the transaction for you. Therefore, always carefully check whether the recipient address you entered is correct. Even a small typo can cause your Litecoin to forever disappear. To prevent mistakes, we advise our customers to always copy-paste recipient addresses, and not to retype them. Avoiding such mistakes is of the essence in the crypto sphere, because there’s just no way to undo them. Fortunately, more and more Litecoin wallets appear on the market with automatic verification features checking addresses for errors. Until such useful features become more commonplace, it’s good to remain alert when trading.

At the time of writing, the value of Litecoin jumps up and down far more rapidly than average investment products. This is due to the fact that cryptocurrencies are still in an early stage of development. Besides, the markets used for trading these coins isn’t liquid enough yet, which also leads to substantial rate fluctuations. It’s because of this instability that it’d be unwise to invest all your savings in cryptocurrencies. Think twice before you decide to invest, always do your research, and never invest more than you can afford. Are you interested in learning more about the Litecoin exchange rate? Then check our Litecoin price analysis. Here we explain the dynamics behind Litecoin pricing.

In principle, yes. If you do choose to use someone else’s bank account to buy Litecoin, we do require written approval. Please contact us in advance if you plan to use a different account.

Unfortunately, due to legal obligations, this is not possible at SATOS. Read our KYC / AML policy for more information.

The costs are on average 1-2% of the purchase amount. These are the costs that we charge for our services. These costs depend on supply and demand and differ per crypto currency. As a rule of thumb, the larger the amount, the more favorable the exchange rate!

We do not offer this payment method yet. We do work hard to implement this feature in the future.

No, we do not have a Litecoin purchase limit. We do have a EUR 10,000 transaction limit per iDEAL-payment. Nevertheless, it’s certainly possible to place multiple consecutive orders of EUR 10,000.

You can place your Litecoin order from EUR 50 and up. With orders of less than EUR 50 in value, the transaction costs would become disproportionally high. We want to avoid such scenarios for our customers.

We generally process transactions quickly. You should receive your purchased Litecoins within only 15 minutes. When processing your order, however, we are still dependent on banks and the traffic on the blockchain. Is this your first order at SATOS? Then we will first have to verify your bank account. This only takes a couple of additional minutes.

It’s important to add a reasonable fee for the miners because this miners fee determines how fast the Bitcoin network will process your transaction. When you opt for a fee that’s too low, you may have to wait hours before your transaction is confirmed. It may not even be processed at all. Therefore, always check the current average fee when doing a transaction.

Paying taxes is also an integral component of cryptocurrency. Always ensure that you file your crypto assets with the tax authorities. The taxes you need to pay only make up a small part of your capital, and in the Netherlands, the first EUR 30,000 is exempted from taxation. You can find more information about cryptocurrencies and taxes at our dedicated tax page. Ethereum and other cryptocurrencies are nowhere recognised as official currencies, but this doesn’t entail that they are exempted. Consider, for instance, the income tax, corporate tax, asset tax and turnover tax. Cryptocurrencies represent value, and everything that carries value has to be reported to the tax authorities. Also, be aware that you are personally responsible for complying with the applicable tax legislation. To make this a bit easier, we have created an overview of the relevant legislation that will help you figure out how to pay bitcoin tax.

There are a couple of things that you need to know when you are entering the Bitcoin business. One of these is that this form of digital currency allows for a type of money exchange that is different from the one that’s used by traditional banks. Therefore, it is essential that you inform yourself about the features of Bitcoin and the workings of this cryptocurrency. Always do such research before initiating significant Bitcoin transactions. In short: treat your Bitcoins in the same careful manner as you would handle the cash in your wallet. Sometimes, you even need to be more cautious! Also have a look at our cryptocurrency knowledge base. Here we have collected a number of articles for beginning cryptocurrency users.

Cryptocurrencies may form a significant part of your fortune. Therefore, always entrust someone within your close circle of friends with access to your Bitcoin assets. You could even share only half of the private key (your unique wallet access code) or half of your password with someone you trust, and inform a notary of the other half.

When you use your Bitcoin wallet, always first make a backup. Most wallets offer a simple tool to arrange this in just a couple of steps. Is this not entirely clear to you? You can find more information about Bitcoin wallets on our dedicated wallet page. To make it easy for you, we have described a number of tips that can help you safely store bitcoin and other cryptocurrencies.

What’s particular about Bitcoin is that you act as your own bank. You can make transactions from person A to person B without the interference of third parties. You bear responsibility for managing your cryptocurrencies, but this also entails responsibility for securing them. That’s why you should always have a decent virus scanner installed. Prevent criminals and scammers from stealing your hard-earned cryptocurrency by reading more about known forms of bitcoin fraud.

We are available seven days per week from 10 AM to 9 PM. You can reach us through the live chat, by email, or by using social media. For frequently asked questions, please first check our support-page.

Yes, this is not an issue, but be aware of the applicable tax legislation governing business investments. This concerns the profits of your company. For more tax information, please take a look at our tax page.

We understand that privacy is a key concern for you. Therefore, we drafted an entire page covering just this subject. Please have a look at our privacy policy page.

Besides iDEAL, we also offer Bancontact and Belfius payment services. Do you prefer to pay using wire transfer? Then choose the ‘SEPA’ payment method.