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How to buy Litecoin with PayPal in 2023
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77% of retail CFD accounts lose money.
Firstly, the most important question to answer is: can I buy Litecoin with PayPal?
Yes, you can purchase Litecoin on PayPal. You can also use PayPal to fund a trading account and buy Litecoin that way.
How to buy Litecoin with PayPal – a step-by-step guide
It takes about 15 minutes to buy LTC with PayPal. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro
We recommend eToro as the best platform to use to buy LTC with PayPal.
77% of retail CFD accounts lose money.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via PayPal
Enter how much you want to deposit and select PayPal as your payment method from the list of options.
Step 4. Use the search box to find Litecoin
Use the search box on the home page to search for Litecoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Litecoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Litecoin will show up in your exchange account.
Top Litecoin platforms that accept PayPal
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
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. Bitstamp. Best for professionals & trading with APIs
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
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.
Quick answers to key questions
Can I buy crypto with PayPal?
Yes, you aren’t limited to buying Litecoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support PayPal as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is PayPal safe?
Yes, it’s completely safe to use PayPal. The only risk to look out for is to make sure you sign up to a regulated PayPal Litecoin broker when buying Litecoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Litecoin via PayPal?
Fees start from $0.49 for small purchases and scale up to $2.49 for purchases up to $200. Anything above $200 is charged a 1.8% fee, while transactions above $1,000 are charged 1.5%.
If you decide to use PayPal with a broker or exchange, you will usually not have to pay a fee to deposit. However, most platforms charge a fee for withdrawing money to your PayPal account, although this can vary between brokers.
Can I store Litecoin in my PayPal account?
Yes, Litecoin is one of 4 coins you can buy and store in your PayPal wallet. Bitcoin, Ethereum, and Bitcoin Cash are the others. You can also use PayPal to receive crypto or send crypto to other wallet addresses.
Why don’t more crypto platforms support PayPal?
A lot of brokers do support PayPal, including most of the top crypto platforms. However, PayPal charges a fee of up to 2% to merchants for receiving payments this way, and the additional cost means that some platforms simply don’t offer it as an option.
Should I buy Litecoin using PayPal?
PayPal has an easy to use platform and app making it easy for beginners to make their first cryptocurrency purchases. If you already have a PayPal account, then it’s convenient to use it to buy and store crypto as well.
However, PayPal is a relatively expensive way to buy Litecoin as its fees are higher than you can expect on other platforms. It also isn’t accepted by every broker, as the merchant fees are quite high as well.
Here is a list of pros and cons of using PayPal to buy Litecoin.
Pros
- Easy for beginners to buy Litecoin on PayPal
- Can buy and store Litecoin in a PayPal wallet
- Can create a PayPal account with just an email address and phone number
Cons
Is there an alternative to buying cryptocurrency with PayPal?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Litecoin purchase.
FAQs
More ways to buy cryptocurrency
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