In this guide you’ll get information about where to buy Litecoin, if you are planning to buy LTC – You’re in the right place!
Litecoin is created as a payment platform with peer-to-peer operation. What makes it special is the (almost) zero cost and instant payment between users without any restrictions: geographical, education, background, and others. As a global payment platform, Litecoin is created to be open source and completely decentralized. It is a network that is well secured and maintained through mathematics system while empowering individuals to gain control over their finances.
It is considered one of the most ‘pure’ cryptocurrency for utility and simple operation. Those who have used Bitcoin can use this platform as the complementary commerce. Although Bitcoin is powerful and handy, its biggest issue is about scalability. This is the feature benefit that Litecoin has as all transactions can take place in faster mode, in more efficient use, and in safer environment.
- Official website: https://litecoin.org/
- Twitter: https://twitter.com/LitecoinProject
- Telegram: https://t.me/Litecoin
- Reddit: https://www.reddit.com/r/litecoin/
Table of Contents
Litecoin (LTC) Features
- Community. One of the biggest strength of crypto platform is its community. With solid and strong community, the platform should be able to flourish and survive.
- Reliable sources. As a platform that is created to help with global payment and financial management, Litecoin isn’t only restricted to doing financial activities. However, they also provide reliable resources for education and also other projects, which are parts of the development
- Open source software. All users have the power (and also ability) to modify, copy, and run the software. They are also able to distribute the software’s modified copies. The software would be released within a transparent mode, allowing independent verification.
- Wallet encryption. The digital wallet should be completely safe, and it should support features that make it secure. Users are able to view account balance and transactions in the safest manner possible. There would be sanity check taking place before payments are sent.
- Mining rewards. This is a profitable feature because it enables passive investment. Those who want to enjoy long-term investment benefits can make use of this feature for their own needs.
- Cryptography. This is the algorithm that differentiates Litecoin from Bitcoin. Not only it is stronger to deal with cyber attacks, but it can generate more profits, which are important for mining.
Where to Buy, Sell and Trade Litecoin aka LTC
You can basically use debit card, credit card, or even PayPal to buy the Litecoin (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Litecoin as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Litecoin. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Litecoin currency and exchange your Ethereum / Bitcoin / Tether with the Litecoin
- Store your Litecoin to a secured wallet
That’s the first step in buying Litecoin, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Litecoin:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.
- Deposit Methods: Cryptocurrency Only
- Fiat Currencies: N/A
- Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
- Trading Pairs: 1801+
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the LTC/BTC or LTC/ETH or LTC/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you LTC/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Litecoin (LTC)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Litecoin (LTC) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Litecoin (LTC) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Litecoin. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Litecoin (LTC) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Litecoin (LTC) with Skrill?
You can’t buy LTC directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Litecoin. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Litecoin (LTC) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair LTC/BTC and begin the transactions.
Can I Buy Litecoin (LTC) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support LTC/ETH trading pair.
What Is the Best Payment Method to Buy Litecoin (LTC)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Litecoin right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Litecoin (LTC)?
Once you have purchased the Litecoin, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Litecoin (LTC)?
Find a crypto exchange which allow pairing LTC with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Litecoin (LTC) and Not Buying It?
Yes, you can.
Conclusion
Anyone who is thinking about managing faster, simpler, and safer digital payment system should be looking into Litecoin. Not only it is ‘cheaper’, but it also promises more benefits and profits for the future. Transactions can be verified within minutes with less cost and faster processing speed. However, those who are interested in joining the platform must buy Litecoin (LTC) as their access.
