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Buy Litecoin

This post will show you the best ways to buy litecoins using many different payment methods. We’ve listed below many different methods followed by exchanges you can use for each different method.

Now that Litecoin has Segwit, it is becoming a very popular buy.

Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins an exchange.

Buy Litecoin with Credit Card or Debit Card

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.

Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.

The fees will come out to 3.99% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.

Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.

Americans can use ACH transfer (5-7 days wait), and Europeans can use SEPA transfer (1-3 days wait).

The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.

The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with PayPal

There is no direct way to buy litecoins with PayPal. You will first have to buy bitcoins with PayPal which is also quite an extensive process. Once you buy the bitcoins you will have to convert them to litecoins using the method below.

It is somewhat unfortunate that this is the best way to buy litecoins with PayPal, but PayPal bans its users from using PayPal for cryptocurrency exchanges.

Buy Litecoin with Bitcoin

If you already have bitcoins then it is VERY simple to convert some of your BTC to litecoins.

You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Changelly

Changelly is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $2, and now at over $200, many want to move some of their ETH gains into other coins like Litecoin.

Litecoin has very good liquidity, and is very popular among traders especially in China.

So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Changelly

Changelly is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.

buy litecoin with ethereum

With Changelly you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.

With Changelly you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent. Changelly will then tell you the amount of ETH to send them, and within 30 minutes you will have LTC delivered to your wallet.

Although we explain how to do this with ETH here, you can convert any other altcoin into Litecoin using this method at Changelly.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:

Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.

While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Changelly, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions

We will aim to answer many of the most common questions relating to buying Litecoin with Ethereum.

Why are there limited options?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

Buy Litecoin Online

Most of the options listed above will allow you to buy litecoins online. You can obviously do this using Bitcoin, Skrill, credit card, or your bank account. Cash is really the only method where you can’t buy online.

Frequently Asked Questions

What are the risks of buying litecoins?

The price of litecoin could always go to zero. Leaving your money on an exchange is another risk you should not take.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!

Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.

Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Changelly or Shapeshift.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not risk of losing money to a hack or scam.

As Litecoin continues to grow, it will likely become easier to buy. We’ll continue to monitor and update this page accordingly.