This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
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Let's dive into some of the exchanges supporting litecoin credit card purchases.
These exchanges are our favorite ways to buy.
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.
Coinmama recently added the ability to buy litecoin with USD directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins with USD or other FIAT currencies (like GBP).
Coinmama has some of the highest limits among credit card exchanges.
BitPanda is based in Austria and is a crypto brokerage service. You can buy with EUR using a credit card from most European countries.
CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.
Kraken was founded in 2011, and it is a United States-based crypto exchange. You can buy LTC on Kraken easily and with minimal fees.
Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase 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 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.
CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.
Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of litecoin as well as litecoin trading pairs with Bitcoin and Ethereum.
Before we move onto other options:
Never store your litecoins on an exchange!
If you don't have a card or want to avoid the high fees, you can use the following methods to buy LTC as well.
Find out which one works best for you.
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. However, localcryptos.com popped up to act as a sort of copy of LocalBitcoins but serving altcoins as well.
Unfortunately, Bitcoin ATMs also don’t tend to support LTC.So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins with FIAT currencies (like GBP) and then trade the BTC for litecoins.
Paypal has finally made it possible to buy LTC on the platform directly.
There are some serious limitations on litecoin buys in Paypal though. You cannot withdrawal the litecoin to your own wallet and you cannot even send it to other Paypal users. It is mostly just a way to speculate on the price of litecoin. You can only sell it back to Paypal.
If you want to buy litecoin using Paypal but be able to withdrawal it, you can now use eToro to buy litecoin and hold the keys, unless you live in the United States.
Select “deposit funds” on the main dashboard, and then choose your preferred payment method, entering the amount of you want to deposit.
You’ll be redirected to Paypal to login (the same if you choose Neteller or Skrill) - log in to your account.
Within a few minutes, your funds should be showing in your account and you can proceed to buy litecoin.
If you live in the US, the only way to buy litecoin with Paypal is to buy Bitcoin using PayPal, and then use the Bitcoins to buy litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for litecoin.
Other sites will tell you that cex allows for this, but that is no longer the case.
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.
BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.
Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, 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 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.
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.
Although we explain how to do this with ETH here, you can convert any other altcoin into litecoin using this method at Changelly.
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 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.
Many of you may still have lots of questions about how to buy litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying litecoin.
Litecoin was created by Charlie Lee, a former Google Engineer and ex-CTO of Coinbase.
Litecoin was created in 2011, when former Google engineer Charlie Lee cloned the Bitcoin source code and started a brand new blockchain. Litecoin is an open-source software project.
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.
The price of litecoin could always go to zero. Leaving your money on an exchange is another risk you should not take.
Like all currencies, the value of litecoin changes every second. The value of litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.
Coinbase added litecoin to their platform in 2017.
one hundred million (100,000,000) Litoshis make one (1) litecoin.
Litecoin blocks are added every 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.
The expected date of the next Litecoin block reward halving is August 7th, 2023. You can find a great countdown of this halving here.
litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another digital assets, 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.
Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.
Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.
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.
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.
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.
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 digital assets 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 at 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.