Last update: Jun 6, 2022

How to Buy Litecoin (LTC)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Litecoin. Depending on where you’re located, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Litecoin

How to Buy Litecoin – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Litecoin of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Litecoin

Now that you have what you need to buy Litecoin, head over to the market or buy section of the crypto trading platform and buy some LTC.

If the crypto exchange doesn’t have any Litecoin on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Litecoin first), and trade your Ethereum for Litecoin.

Where to Buy Litecoin (LTC)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Litecoin

  1. Sign into the exchange where you bought Litecoin.
  2. Move your Litecoin to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Litecoin.

 

Crypto trading

How to Buy Litecoin (LTC) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Litecoin in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Litecoin if it’s available. If the exchange doesn’t have Litecoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Litecoin), and trade your ETH for Litecoin.

You can also check out our comparison of the most secure crypto exchanges in Australia If you’re looking to learn more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Litecoin (LTC) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Litecoin in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Litecoin if it’s available. If the exchange doesn’t have Litecoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Litecoin), and trade your ETH for Litecoin.

Or, if you’d like to know more about the exchanges we prefer, read our comparison of the easiest crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Litecoin (LTC) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Litecoin in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Litecoin if it’s available. If the exchange doesn’t have Litecoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Litecoin), and trade your ETH for Litecoin.

Also, check out our comparison of the best bitcoin trading platforms in the UK If you’re interested in learning more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Litecoin? LTC Rundown

Litecoin (LTC), a cryptocurrency, was created to facilitate fast, secure and inexpensive payments using the unique properties offered by blockchain technology.

Although the Bitcoin (BTC protocol was used to create the cryptocurrency, it has its own hashing algorithm, hard cap, block transaction times, and other factors. Litecoin's block time is 2.5 minutes. It also has very low transaction fees which makes it ideal for micro-transactions as well as point-of sale payments.

Litecoin was first released on Oct. 7, 2011 via an open-source client hosted on GitHub. The Litecoin Network launched five days later, on October 13, 2011. It has seen rapid growth in usage and acceptance by merchants since then and is now among the top ten most valuable cryptocurrencies according to market capitalization.

Charlie Lee, a former employee of Google, created Litecoin. He intended it to be a "lite" version of Bitcoin in that it has many of the same properties and is lighter in weight than Bitcoin.

Litecoin, the second most-popular pure cryptocurrency, is behind Bitcoin. Its simplicity and obvious utility benefits are the key to its success.

Litecoin has been accepted by more than 2,000 stores and merchants around the world since January 2021.

Its primary benefit is its speed and cost-effectiveness. Litecoin transactions can be confirmed in minutes and transaction fees are almost negligible. It is an attractive alternative for Bitcoin in developing countries where transaction fees could be a deciding factor when choosing which cryptocurrency to support.

Late 2020 saw the release by Litecoin of the MimbleWimble testnet (MW), which allows users to test Mimblewimble-based confidential transactions using Litecoin. Litecoin users will be able to benefit greatly from the enhanced privacy and fungibility once this feature is made available on the mainnet.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.