Litecoin (LTC) - All you need to know

Find out how to get started with Litecoin. This page is a Litecoin hub; it outlines the many methods you can use to gain exposure to the coin and provides links to helpful guides and information.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
Updated: Jan 26, 2022

Ways to invest in Litecoin

The first thing you need to do is sign up to either a broker or cryptocurrency exchange. While these services function in different ways, they both allow you to buy, sell and trade cryptocurrencies like Litecoin, though there are pros and cons to each service.

The options don’t end here. There are various other ways to get involved, such as a mutual fund, a trust, or even a crypto debit card. On this page, we explore the top methods and provide links to bolster your knowledge. 

What is Litecoin?

Litecoin is a cryptocurrency just like Bitcoin. It styles itself as ‘the silver to Bitcoin’s gold’ and is essentially the little brother to its more famous sibling: younger, similar, and not as prized. That’s not to say Litecoin has no value at all, though, and it’s one of the leading cryptocurrencies by market cap and has long been one of the most famous coins around.

Formed all the way back in 2011, Litecoin was created by Charlie Lee, who is an alumni of Google and Coinbase and still runs the show. It was created out of a fork from Bitcoin: where a fork comes from copying the original code and then altering it to create something new.

Despite being so similar, it improves on the original Bitcoin in a number of ways. The most notable are faster transaction speeds and new, innovative features that see it act like a test centre for ideas that could improve Bitcoin itself.

How does Litecoin work?

Litecoin works by using a blockchain, or public ledger, in place of a bank. Every time a transaction is made, it’s added as the next block on the blockchain, which then cannot be changed. This creates an irrefutable proof of ownership for every coin so that it’s impossible to spend money you don’t have.

Generally, this is the same process as Bitcoin. The differences between them are minor and technical, things like the fact Litecoin can perform more transactions per second (56 to Bitcoin’s 7) and there is a greater total supply of coins (84 million to 21).

The other main difference is that Litecoin tends to be more open to development. This has led to new features like a ‘lightning network’, allowing for near-instant transactions, that may ultimately improve Bitcoin as well.

How to invest in Litecoin

There are plenty of ways you can gain exposure to the market performance of Litecoin. Gain an understanding of each of them by reading the list below, and click on any of the links to find out more. 

Where can I buy Litecoin now?

1
Min. Deposit
$10
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User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
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Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
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User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
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1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$100
Promotion
User Score
8.7
24/7 trading when the markets are open
Trade the four big names in crypto- Bitcoin, Ethereum, Litecoin and Bitcoin Cash
Premium MT4 and MT5 with suite of bespoke trading tools and indicators
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Description:
OANDA is the trusted name for Forex and CFD trading. Since 1997 OANDA has established a reputation for fair and transparent pricing and responsive customer service. Easy account opening process.
Payment Methods
Bank Wire, Check, Credit Card
Full regulations list:
CFTC, FCA, IIROC, MAS, NFA
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.

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Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.