How & where to buy Litecoin (LTC) online

Use our step-by-step guide to learn how and where to buy Litecoin on the top 5+ crypto exchanges.
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Updated: May 11, 2023
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Litecoin tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Litecoin this way. Follow our quick step guide below.

How to buy Litecoin instantly in 3 simple steps

To buy Litecoin you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to eToro

eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

Step 2. Make a deposit

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.

Step 3. Buy Litecoin token

Type LTC into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own Litecoin tokens! It’s as simple as that.

Where to buy LTC easily

The overall best exchange to buy Litecoin tokens for beginners is eToro .

Here are the top three places to buy Litecoin, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

2
Min. Deposit
$ 0
Best offer
User Score
10
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
3
Min. Deposit
$ 1
Best offer
User Score
10
Buy, Sell, and Trade Cryptocurrencies
Trade over 130 cryptocurrencies with low trading fees
We use state-of-the-art storage technology to protect your cryptocurrency and USD assets
Start Trading
Payment Methods:
ACH, Apple Pay, Debit Card, Wire Transfer
Full Regulations:

Read more about how we rate, rank and review platforms.

Best exchanges to buy Litecoin (LTC), reviewed

1. eToro. Best for beginners, copy-trading & demo-account

1500

No. assets

$10

Minimum deposit

Crypto

Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade
Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

77% of retail CFD accounts lose money.

2. Public. Best for sharing beginner trading ideas

public.com logo

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

3. Bitstamp. Best for professionals & trading with APIs

1

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

4. OKX. Best for futures and margin trading

...

No. assets

$50

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

5. Nexo. Best for earning interest & rewards

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured
No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

How to trade LTC

You can trade Litecoin on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how LTC crypto trading works:

  1. Monitor the price: Let’s say the price of LTC/USDT is $1. You read the price charts and decide that now is a good time to start purchasing LTC.
  2. Open a trade: You trade one USDT for one LTC ($1 for 1 LTC).
  3. Continue to monitor the price: The next day, one LTC token is now worth $2, a 100% increase.
  4. Close your trade: You trade your LTC token back to USDT for $2.

In this example, you buy and sell Litecoin, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

What is the best way to pay for Litecoin (LTC)?

The simplest way to buy Litecoin cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for LTC.

  • Buy Litecoin with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Litecoin with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
  • Buy Litecoin with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Litecoin (LTC)?

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Litecoin then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Litecoin wallets to use are MetaMask and the Ledger Nano S.

Is Litecoin (LTC) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Litecoin and its token to help you decide whether to invest in LTC.

  • Litecoin is a cheaper and faster alternative to Bitcoin. Litecoin was created by a developer, Charlie Lee, who ‘forked’ (copied) Bitcoin’s code and then modified it so that transactions take place much faster. As a result Litecoin is considerably less expensive to invest in than Bitcoin, with many of the same features.
  • Litecoin is more flexible and improves on Bitcoin in many ways. Litecoin’s big selling point is as a sort of testing ground for new features. For example, the first ‘Lightning’ payment, which has since been made possible with Bitcoin, was made on the Litecoin blockchain. It may not have the same trust, and thus value, as Bitcoin, but it is an innovative cryptocurrency.
  • You can use Litecoin as a means of payment online. Hundreds of merchants accept online payments made in Litecoin already, and that number is only likely to grow in the future.
  • It’s one of the most established cryptocurrencies on the market. Litecoin was created in 2011 and was the first genuinely successful altcoin. That makes it one of the oldest cryptos – Ethereum wasn’t even released until 2015. 
  • Litecoin is unlikely to ever overtake Bitcoin in popularity. The truth is that Litecoin is Bitcoin’s little brother. It has even styled itself the ‘silver to Bitcoin’s gold’. Don’t expect to see Litecoin suddenly become the most popular crypto in the world. It is, however, a more affordable entry into the market.

Use this quick summary of pros and cons to compare Litecoin with other, similar projects.

Pros

  • Litecoin is one of the original alternative coins and has been around for 10+ years
  • A cheaper way to invest in crypto than Bitcoin
  • Litecoin is available on virtually all crypto exchanges
  • The price generally follows Bitcoin’s trend

Cons

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has Litecoin (LTC) performed this year?

The current Litecoin price today is $64.86, which is 81.40% below its all time high of $347.72, which it reached on 7 May 2021. LTC is down 57.12% this year, with a 52 week high of $163.70 and a 52 week low of $43.20. 

Is now a good time to buy Litecoin?

The answer depends on the current price and your own investment goals. Put simply, buying Litecoin, selling Litecoin, and trading LTC are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Litecoin.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Litecoin and its decentralised aggregator platform, then a good time to purchase Litecoin is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Litecoin and selling it the next day probably isn’t why you’re here either.

Regardless, closely following LTC price news & analysis will help you decide when to pull the trigger:

FAQs

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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.