Where & How to Buy Litecoin (LTC) in 2025 Best Places

Litecoin was inspired by Bitcoin and is one of the earliest altcoins. It was launched in 2011 and shares a modified codebase with BTC.

Today, we have curated a comprehensive guide to the top platforms and best ways to purchase and store LTC.

To learn where to buy LTC check out our list of exchanges.

To explore how to buy LTC we have also provided a step-by-step walkthrough that starts with showing you how to select the best crypto exchange.

See all the details you need to know below.

Key Takeaways

• The best way to buy Litecoin is via a centralized exchange
• Alternative ways include crypto ATMs, DEXs, gift cards, and Telegram
• Cold wallets offer maximum safety
• Investors can also get Litecoin via mining

How to Buy Litecoin – Step by Step

The most convenient way to purchase Litecoin is through a trusted and secure cryptocurrency exchange.

Crypto exchanges offer a streamlined process to purchase LTC using fiat currency or other digital assets.

This makes them the preferred choice for both novice and experienced investors looking to add Litecoin to their portfolios.

You can get LTC on an exchange by following the steps listed below:

• Step 1: Opt for a well-established exchange
• Step 2: Create an account
• Step 3: Fund your account
• Step 4: Place a buy order
• Step 5: Review details and confirm
• Step 6: Secure your LTC

Step 1: Opt For A Well-Established Exchange

When it comes to acquiring Litecoin, choosing a cryptocurrency exchange that is widely recognized for its security, compliance, and depth of liquidity is crucial.

Top exchanges have already established themselves as industry leaders.
They utilize the best possible security measures like advanced encryption to secure users’ data.
Exchanges also enforce the use of two-factor authentication.

These exchanges have undergone extensive audits conducted by government bodies. They adhere to regulatory guidelines and maintain high standards of customer protection.
Additionally, top crypto exchanges come with high liquidity, which means you can trade crypto quickly without drastic price changes.

By selecting a prominent and trusted platform, you can have peace of mind knowing that your Litecoin purchases will be executed securely and in accordance with applicable laws and regulations.

This initial step lays the foundation for a smooth and reliable Litecoin acquisition experience.

Step 2: Create an Account

The next step in getting LTC is to create an account on the platform of your choice. The registration process typically involves providing personal information:

• Full name
• Date of birth
• Residential address

Then, you’ll need to verify your identity through Know Your Customer (KYC).

The KYC process helps exchanges comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.

It ensures the integrity and security of the platform.

You’ll likely be required to submit documents like a government-issued ID or proof of address to complete the verification.

This process lasts from several minutes up to several days, depending on the exchange.

It’s simple and all you have to do is scan a QR code with your smartphone to start.

Once your account is approved, you’ll be able to access the exchange’s Litecoin trading functionality.

All limits will be lifted and all features will be unlocked.

Then, you can deposit funds to make purchases.

Step 3: Fund Your Account

The next step is to fund it with the fiat currency (USD, EUR, GBP) or crypto you’ll use to purchase LTC.

An exchange offers users several options for depositing funds. You can link a bank account, wire transfer, debit card, or digital wallet like PayPal.

The process of funding your account is straightforward.

It involves connecting your payment method, providing details, and authorizing the transfer.

Then, you’ll wait for the funds to be cleared and credited to your exchange balance.
Sometimes, an exchange might use an intermediary to process payments. In this case, you’ll have to verify your identity again so that your payment is cleared.

Some exchanges may also offer the ability to deposit other cryptocurrencies, which you can then use to trade for Litecoin.
You can send crypto to an exchange wallet like you would to any other wallet.
Scan the code or copy/paste the address and enter the amount you wish to send.
Wait for the transaction to confirm and the crypto will be in your wallet.
Depending on the type of crypto you use, you might wait for up to 30 minutes to see it in your wallet.

Step 4: Place a Buy Order

Navigate to the exchange’s Litecoin trading pair, such as LTC/USD or LTC/EUR, and locate the buy order feature.

Here, you’ll need to specify the amount of Litecoin you want to buy and the price you’re willing to pay.

Exchanges offer both market orders and limit orders.

Market orders execute the trade at the current market price.

On the other hand, limit orders allow you to set a specific price target.

Market orders are the quickest way to buy Litecoin, as they match your order with the best available sell price on the exchange.

Limit orders, on the other hand, give you more control over the price you pay. Still, these may take longer to execute depending on market conditions.

Market orders are also similar to an “instant buy” feature some wallets and exchanges offer.

Choose the option you prefer, and move on to the next step.

Step 5: Review Details and Confirm

Carefully review all order details to ensure the transaction aligns with your investment goals.

This step helps you understand the total cost, including any applicable fees, as well as the exact amount of Litecoin you’ll receive.

While examining the order summary, you’ll notice it displays:

• The Litecoin quantity
• The price per LTC
• The total fiat currency/other crypto amount being debited from your account
• Fees

Double-check these figures to avoid any unexpected charges or discrepancies.

Once you’re satisfied with the terms, confirm the buy order.

Now the exchange will execute the transaction, adding Litecoin to your exchange-based cryptocurrency wallet.

Step 6: Secure Your LTC

The exchange provides a custodial wallet where you can hold Litecoin. This means the exchange can manage your wallet for you.

However, it’s generally recommended to withdraw your LTC to a personal, non-custodial wallet.

Private wallets allow you to store your Litecoin private keys offline or on your own device.

This reduces the risk of third-party access or potential exchange hacks.

The added layer of security is important for all investors, but especially long-term Litecoin holders who want to ensure the safety and accessibility of their holdings.

The process of withdrawing Litecoin from the exchange to your personal wallet is typically straightforward.

It involves providing your wallet address and confirming the transaction.
Keep in mind that you should withdraw only Litecoin to an LTC wallet address. Other coins or tokens you send to this address will be lost.

Where to Buy LTC – Best Places

If you’re wondering where to buy Litecoin, there are several options available. Depending on your preferences and the level of control you seek over your Litecoin holdings, you may consider:

• Centralized crypto exchanges (CEXs)
• Decentralized exchanges (DEXs)
• Crypto wallets
• Peer to peer (P2P) platforms
• Cryptocurrency ATMs
• Over-the-counter (OTC) trading desks

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

1. Centralized Crypto Exchanges – Recommended Method

Centralized crypto exchanges stand out as the recommended method to buy crypto such as Litecoin. They are widely considered the most convenient and secure way to purchase LTC.

CEXs are one of the best places to buy Litecoin because they are well-regulated, comply with industry standards, and may maintain insurance coverage to protect user funds.

Some of the best examples include Uphold, Binance.US, Kraken, and Coinbase.

Additionally, they tend to provide advanced trading tools, market data, and educational resources to help you navigate the world of Litecoin investing.

You can use a centralized exchange when you register and verify your identity.

2. Decentralized Exchanges

Litecoin is also available for purchase on decentralized cryptocurrency exchanges.

DEXs are blockchain-based platforms that facilitate peer-to-peer cryptocurrency trading without a central authority.

On decentralized exchanges, users can swap LTC directly with other cryptocurrencies.

You just connect your wallet and swap cryptos with a few clicks.

DEXs often use liquidity pools so that traders can swap various assets within the pool.

The advantage of using a DEX is the increased security and privacy, as there is no central point of failure or control.

However, the user experience on DEXes can be more complex compared to centralized exchanges, and liquidity may be lower.

But for those looking to purchase Litecoin in a non-custodial, decentralized manner, DEXes provide a viable option alongside the more mainstream centralized exchange platforms.

3. Crypto Wallets

Crypto wallets offer another convenient way to purchase LTC.

These digital storage solutions, (software or hardware-based) allow you to buy Litecoin directly within the wallet interface.

They work like the usual crypto exchanges do and offer an instant buy feature where you can buy crypto with other cryptos and fiat.

The main advantage of using a crypto wallet to get LTC is increased control and security over your digital assets.

Purchasing Litecoin directly through a wallet like Crypto.com typically involves linking a payment method, such as a bank account or debit card, to the wallet’s built-in exchange functionality.

Most leading wallet providers have integrated Litecoin trading functionality, and using this feature is quick and intuitive.

This approach is particularly appealing for long-term Litecoin investors who prioritize self-custody of their digital holdings.

There’s an added benefit to these crypto wallets. Many act as the top crypto lending platforms or the best crypto savings accounts.

This means you can buy LTC and use it as collateral or lend it to others.

4. Peer-to-Peer (P2P) Platforms

Peer-to-peer platforms offer another avenue to purchase Litecoin.

These decentralized marketplaces facilitate direct transactions between buyers and sellers.

They allow you to engage in LTC trades without the involvement of a central intermediary and you can pick who you’ll trade with.

P2P platforms often provide escrow services and dispute resolution mechanisms to ensure the safety and integrity of peer-to-peer transactions.

They can be particularly useful for individuals who value privacy or prefer to acquire Litecoin without the need for extensive identity verification procedures required by some exchanges.

The process typically involves browsing available LTC offers, negotiating terms with sellers, and securely completing the trade using the platform’s integrated payment and messaging tools.

P2P platforms provide a flexible decentralized option for purchasing Litecoin.

5. Cryptocurrency ATMs

Cryptocurrency ATMs are specialized machines located in various public spaces. There, you can buy Litecoin using cash or a debit card.

To buy LTC with a crypto ATM:

• Select the “Buy Litecoin” option
• Insert cash or a debit card
• Receive the Litecoin directly to a compatible wallet address provided during the transaction

Cryptocurrency ATMs can be particularly useful for individuals who prefer a more tangible and immediate method of purchasing Litecoin. 

You won’t have to navigate online platforms. You likely won’t have to go through extensive identity verification processes either.

However, it’s important to note that the fees associated with ATM transactions may be higher compared to other Litecoin acquisition methods.

6. Over-the-Counter (OTC)

Over-the-counter trading is convenient for large-volume Litecoin transactions.

It involves direct negotiation and execution of trades between buyers and sellers, often facilitated by specialized OTC desks or brokers.

The main advantage of OTC trading for Litecoin is the ability to execute sizable orders without significantly impacting the broader market price.

This can be particularly useful for institutional investors, high net worth individuals, or those looking to acquire large quantities of LTC while minimizing the price slippage that may occur on traditional exchanges.

OTC desks tend to provide personalized service, custom trade parameters, and enhanced privacy for these large-scale Litecoin transactions.

However, the OTC market tends to have higher minimum trade sizes and may have more extensive KYC and AML requirements compared to mainstream crypto exchanges.

Alternative Ways to Buy LTC

In addition to the most popular methods for purchasing LTC, such as centralized exchanges and crypto wallets, there are more ways to get this digital asset.

These methods can cater to the unique needs and preferences of investors, providing additional flexibility, convenience, and accessibility in the LTC acquisition process.

Alternative ways of purchasing LTC include:

• PayPal
• Venmo
• Credit/debit card
• Telegram
• Mining
• Gift cards and vouchers
• Cryptocurrency funds

PayPal

You can purchase Litecoin directly within your PayPal digital crypto wallet (similar to Cash App).

This integration allows you to seamlessly convert fiat currencies into Litecoin.

It’s making the process of acquiring LTC as simple as any other online transaction.

• Sign up on PayPal
• Choose crypto in “Finances”
• Choose LTC and click “Buy” to set an amount
• Choose payment method
• Check and confirm the transaction

The advantage of using PayPal to buy crypto like Litecoin lies in the platform’s user-friendly interface, widespread adoption, and robust security features. 

PayPal’s Know Your Customer (KYC) protocols also provide an added layer of verification.

PayPal is ideal for those who prioritize compliance and oversight in their cryptocurrency investments.

However, it’s worth noting that PayPal’s custody of the Litecoin assets means you do not have direct control over your private keys.

Venmo

Venmo, the popular mobile payment app owned by PayPal, has also integrated Litecoin and other cryptocurrencies into its platform, providing users with another convenient option to purchase Litecoin.

The Venmo app allows you to easily convert your fiat currency balances into Litecoin in several steps:

• Sign up on Venmo or log in
• Select the “Crypto” tab
• Select the crypto you want
• Set the amount and review the fees
• Select the payment method
• Send your crypto to a wallet or keep it on Venmo

This can be particularly appealing for younger or more tech-savvy investors who are already familiar with the Venmo platform.

However, like PayPal, Venmo maintains custody of your Litecoin.

This means you don’t have direct control over your private keys.

This tradeoff between convenience and self-custody should be carefully considered if you’re looking to acquire LTC  through the Venmo app.

Credit/Debit Card

Purchasing LTC with a credit or debit card is a straightforward option that can appeal to a wide range of investors.

By linking your card to a cryptocurrency exchange or digital wallet, you can quickly and conveniently buy Litecoin with just a few taps or clicks.

This method is familiar and accessible. Most people already have a credit or debit card and are comfortable using it for online transactions. 

Additionally, card-based purchases can be completed relatively quickly, making it a viable option for those who want to acquire Litecoin faster.

However, it’s important to be mindful of any additional fees or exchange rate markups that may be associated with credit/debit card Litecoin purchases.

For example, some credit card issuers may see crypto purchases as cash advances.

These can impact the overall cost of your investment.

Telegram

Although Telegram is primarily a messaging platform, it has also emerged as a medium for purchasing LTC through its integrated cryptocurrency exchange features.

By utilizing Telegram’s built-in wallet and trading capabilities, users who value anonymity and decentralization can engage in peer-to-peer Litecoin transactions directly within the messaging interface.

The appeal of buying Litecoin on Telegram lies in its privacy-focused approach and the ability to connect with a global network of potential LTC sellers.

For instance, you can join cryptocurrency-focused groups or channels where individuals might offer to sell LTC.

Transactions can be arranged through private messages or trading bots.

However, caution is advised when using Telegram for Litecoin purchases, as the platform’s decentralized nature may introduce additional risks.

There’s a high potential for scams and a lack of regulatory oversight, compared to more established cryptocurrency exchanges.

Mining

While not a direct purchasing method, you can acquire LTC through mining by contributing computing power to the Litecoin network and receiving rewards in LTC.

Mining involves using computer hardware to contribute computational power to the Litecoin network.

The hardware verifies transactions and adds new Litecoin blocks to the blockchain.

Litecoin’s mining process is based on the Scrypt algorithm. It is designed to be more memory-intensive than the SHA-256 algorithm used by Bitcoin.

This makes Litecoin mining less dependent on raw computational power and more accessible to individual miners using regular computer hardware, rather than specialized application-specific integrated circuit (ASIC) miners.

The Scrypt algorithm’s memory-hard nature aims to create a more egalitarian mining landscape, allowing a broader range of participants to contribute to the Litecoin network and earn rewards.

This contrasts with the more capital-intensive Bitcoin mining industry, which has become increasingly dominated by large-scale ASIC mining operations.

Gift Cards and Vouchers

Certain cryptocurrency exchanges and service providers allow users to purchase Litecoin by redeeming prepaid gift cards or vouchers, often obtained from traditional retail outlets.

This approach can appeal to individuals who prefer to maintain a degree of anonymity in their Litecoin purchases or who do not have access to traditional banking services.

Additionally, gift card and voucher purchases can be a convenient way to acquire Litecoin as a gift or for specific, limited-time transactions.

However, you should be mindful of any fees or exchange rate limitations associated with this method, as they may impact the overall cost and efficiency of the purchase.

Cryptocurrency Funds

In addition to the individual acquisition methods, investors can also consider gaining exposure to LTC through cryptocurrency investment funds. 

These professionally managed funds pool investor capital to strategically allocate resources across various digital assets, including Litecoin.

The advantage of using a cryptocurrency fund is the potential for diversification, as well as the ability to leverage the expertise and research of the fund’s investment team.

This approach can be particularly appealing if you lack the time or technical knowledge to manage your own Litecoin purchases and holdings.

However, it’s important to carefully evaluate the fund’s fees, investment strategies, and track record to ensure it aligns with your Litecoin investment objectives and risk tolerance.

How to Store LTC

To securely store your LTC, it’s recommended to use a cryptocurrency wallet.

Wallets can be classified as hot, which are connected to the internet, or cold, which are offline devices. Read more about both options below.

Hot Wallets

Hot wallets are digital crypto wallets connected to the internet. They’re great for easy and frequent access to your Litecoin holdings.

These include web-based, mobile, and desktop wallets provided by various exchanges and service providers.

Hot wallets prioritize convenience but come with slightly higher risk exposure compared to cold storage options.

Exchanges offer mobile apps that double as wallets. One such example is KuCoin where you can also use its famous trading bots.

Trust Wallet is another software wallet to check out.

Cold Wallets

Cold wallets, also known as hardware wallets, are physical devices designed to securely store your LTC private keys offline. 

These wallets offer the highest level of protection against cyber threats, as they keep your digital assets disconnected from the internet.

This makes them the preferred choice for long-term Litecoin holders who prioritize maximum security over immediate accessibility.

Read our Ledger review for the best example of a hardware wallet.

Why Should You Buy LTC? What is it Good For?

Litecoin is a compelling cryptocurrency investment for several reasons.

• Faster transactions: LTC is designed to have faster transaction confirmation times compared to Bitcoin, making it more suitable for everyday purchases and smaller transactions. This speed advantage can be particularly useful for businesses and individuals looking to facilitate quicker payments
• Lower fees: Litecoin’s network typically has lower transaction fees than Bitcoin, making it more cost-effective for moving smaller amounts of money. This can be advantageous for micro-payments, remittances, and other financial applications where minimizing fees is a priority
• Circulating supply: LTC has a larger maximum supply of coins compared to Bitcoin, providing more availability and potential for growth
• Easier mining: the implementation of Litecoin’s hashing algorithm, Scrypt, makes mining the coin easier by allowing regular computer hardware to be used for mining
• Established and stable: As one of the oldest and most well-established cryptocurrencies, Litecoin has a proven track record of stability and security. This can provide investors with a greater sense of confidence when adding LTC to their portfolios
• Diversification: Incorporating Litecoin into a broader cryptocurrency investment strategy can help diversify your digital asset holdings, potentially reducing overall portfolio risk and exposure to the volatility of any single cryptocurrency
• Merchant adoption: Litecoin’s fast transaction times and low fees have led to its adoption by various merchants and service providers, increasing its real-world utility and use cases beyond just investment purposes

Why Trust Us?

At CryptoManiaks, our knowledgeable team is dedicated to analyzing and testing various aspects of the crypto space.

We have developed a deep understanding of the technical aspects, security considerations, and best practices surrounding Litecoin and other digital assets.

Our commitment to providing accurate and up-to-date information allows us to guide you through both simple and complex steps you need to take when investing, holding, and managing cryptocurrencies.

When learning how to buy Litecoin or explore other cryptos, our in-depth knowledge and hands-on experience provide a valuable resource for investors of all levels.

Our guides will help you navigate purchases of Litecoin and other cryptos with confidence, ensuring your investment decisions are well-informed and aligned with your financial goals.

Frequently Asked Questions

1. 01.

   Who is the creator of Litecoin?

   

   The creator of Litecoin is a mysterious individual or group known by the pseudonym “Satoshi Lite.” Just like the creator of Bitcoin, Satoshi Nakamoto, Satoshi Lite wanted to remain anonymous. The identity of Satoshi Lite has never been revealed. However, it is widely believed that Satoshi Lite was a highly skilled programmer with a deep understanding of blockchain technology. Their vision for Litecoin was to create a faster and more efficient alternative to Bitcoin.

2. 02.

   Who determines the price of Litecoin?

   

   The price of Litecoin is determined by a combination of factors. Ultimately it is influenced by the market forces of supply and demand. LTC price is primarily determined by the actions of buyers and sellers on various cryptocurrency exchanges. Additionally, external factors such as news events, regulatory developments, and overall market sentiment can also impact the price of Litecoin.

3. 03.

   Can I buy fractional amounts of Litecoin?

   

   In 2024, buying fractional amounts of Litecoin is not only possible but also widely practiced. Just like with other cryptocurrencies, you can buy fractional amounts of Litecoin on a cryptocurrency exchange. This flexibility in purchasing options has made investing in Litecoin more accessible and convenient for individuals with varying budgets and investment goals.

4. 04.

   Is there a minimum investment required to buy Litecoin?

   

   In 2024, the minimum investment amount for purchasing Litecoin is around 0.1 LTC and PayPal lets you invest as little as $1. The minimum investment may vary depending on the exchange or platform you choose to use, so make sure to check with your chosen provider for their specific requirements.

5. 05.

   Who accepts Litecoin as a form of payment?

   

   Litecoin has gained widespread acceptance as a form of payment across various industries. Many online retailers, including major e-commerce platforms and marketplaces, have integrated Litecoin into their payment systems. Additionally, numerous brick-and-mortar stores, restaurants, and service providers now accept Litecoin as well. Some notable examples include global brands such as Amazon, Starbucks, and Microsoft. Furthermore, several travel agencies and airlines now allow customers to book flights and accommodations using Litecoin.

6. 06.

   Who should I contact if I encounter issues while buying Litecoin?

   

   If you encounter any issues while buying Litecoin, the best course of action is to reach out to the customer service of the exchange you’re using. Alternatively, reach out to the support team of the e-wallet you’re on. If you’re trading via Telegram bot, get in touch with bot developers.