How to buy Litecoin with credit card

A credit card can be one of the easiest ways to fund your cryptocurrency broker account. This page tells you which platforms let you use it to get Litecoin.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jun 8, 2021
Tip: our preferred broker is, eToro: visit & create account

This beginner’s guide will help you understand the pros and cons of using your credit card to get Litecoin. It will also run through some of the best brokers and exchanges that you can use and how to choose between them.

Where can you buy Litecoin with a credit card?

We’ve put together a list of top-rated brokers that accept credit cards and also offer Litecoin. You can head straight to one of the platforms below if you want to get started now, or keep reading to learn more about how to do so first.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
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.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$20
Exclusive promotion
user-score
9.3
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:
3
Min. Deposit
$10
Exclusive promotion
user-score
8.7
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

What is a credit card Litecoin broker?

A broker offers a a place for you to buy or sell Litecoin instantly. It acts as a middleman, offering a fixed price based on what the market sets for Litecoin. They are often some of the best places to buy Litecoin with a credit card.

How to deposit and withdraw via credit card

Deposit

Different brokers will have somewhat different procedures when it comes to making deposits. However, in broad strokes the steps are largely similar. Here are some basic guidelines on how to deposit money using a credit card:

  1. Open an account with a broker that accepts credit cards as a form of payment, then verify your ID.
  2. Go to your broker’s website, and select the credit card option on the “Add money” screen. 
  3. You will then be prompted to link your credit card to your brokerage account.
  4. Add money to your Litecoin wallet by entering an amount and selecting credit card as the payment method.

Withdraw

You can’t directly make Litecoin withdrawals back onto your credit card, because credit cards cannot hold cryptocurrency. Instead you would need to follow these steps:

  1. Execute your Litecoin sell order.
  2. Go to your account on the broker ro exchange.
  3. Enter the amount that you want to withdraw in fiat currency. 
  4. Designate where you want your withdrawn funds to go, whether to a bank account or another medium that’s not your credit card.

What should I look for in a broker?

Make sure you choose a broker that delivers superior service and value as well as having the option to pay with a credit card. Here are some key traits to look for:

  • Competitive transaction fees. The fees you’ll have to pay vary depending on the service you use to make trades. Our guides will help you find the most reasonable transaction fees.
  • Speed. Your broker should enable you to make Litecoin purchases within minutes, and in many cases should be instant. If speed is a high priority, then be sure to take this into account.
  • Ease of use. The best brokers have a clean and simple interface. Don’t waste time with brokers that make it complicated, and do look for one that has a good quality app as well.
  • A strong reputation. Look for a broker with strong user reviews. Other people’s experiences can be a good guide to what you can expect from the platform.
  • A verifiable track record. The broker you choose should have a track record of executing purchases reliably for a number of years.

Should I buy LTC with credit card?

Pros

  • Fast. Credit card purchases often happen within a matter of minutes and in some cases, they can even happen instantly. 
  • Convenient. Since you already use your credit card for all kinds of everyday purchases, you can stick to your normal buying routines.
  • Secure. Most major credit cards and the major partner banks that support those cards offer high levels of security to protect you against fraud, including when making crypto purchases.

Cons

FAQs

Can I get Litecoin anonymously with a credit card?
Do I need a crypto wallet?
How fast is buying Litecoin with a credit card?
Can I get Litecoin with a credit card instantly?
Are there low fees when using a credit card to get Litecoin?
Can I hold cryptocurrency in my credit card account?
Does Coinbase accept credit cards?
Can I use a credit card for other cryptocurrencies as well?
Is a credit card the easiest way to get Litecoin?
What’s the biggest pro and con of using a peer-to-peer exchange?
How easy is it to find a peer-to-peer exchange that accepts credit card?
Is using a credit card recommended for beginners?
Is using a credit card a more viable strategy if you plan to hold Litecoin for the long term?

Fact-checking & references

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Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.