Litecoin was one of the earliest cryptocurrencies to enter the market. As a result, it remains one of the largest coins in this sector based on market capitalization. It is also one of the most widely accepted cryptocurrencies in the world. You can also use Litecoin to buy goods and services, or invest in other crypto projects as they emerge.
Check out our guide to investing in Litecoin for more information.
How to buy Litecoin (LTC) in 4 steps
The entire procedure takes just 10 minutes. All you need is a smartphone or computer, a photo ID, and a means of payment.
Compare Cryptocurrency Exchanges – List of top cryptocurrency exchanges where you can buy Litecoin (LTC) cryptocurrency. Create an account – Verify your email address and identity. Deposit – Purchase with debit card, credit card, wire transfer, or Bitcoin. Litecoin – Use your funds to buy LTC.
List of top 6 exchanges that allow you to purchase Litecoin (LTC) cryptocurrency with your credit or debit card.
Uphold, a top exchange in the US and UK, is an experienced and highly innovative trading platform that can meet your trading needs across numerous cryptocurrencies, including Litecoin (LTC). Beyond the ease of use and innovative features within the trading platform, what sets Uphold apart is the credibility it has earned in the industry.
Uphold offers a highly intuitive trading experience on both its desktop and mobile apps. The trading view is fully customizable to suit the assets you trade most and is very easy to navigate while offering a modern feel on both desktop and mobile. This is a very popular and good option, especially for new traders.
The Uphold trading platform is not only visually appealing but also extremely easy to trade. With just a few clicks, you can trade directly from your deposit method without having to wait for funds to arrive in your account. This one-step ordering is another innovation from a company that prides itself on the ease of use of its platform. Uphold also offers the ability to execute limit orders.
Residents of Germany and the Netherlands are prohibited.
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Disclaimer: Terms apply. Cryptoassets are highly volatile. Your capital is at risk. Do not invest unless you are prepared to lose all your invested money. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Coinbase (COIN -2.98%) was founded in 2012 and is the leading platform for buying, selling, and managing over 250 cryptocurrencies. As a Nasdaq-listed company, Coinbase provides transparency and trust to its users. The platform supports advanced trading tools, zero trading fees for Coinbase One members, and a rewards program where users can earn up to $400. With $226 billion traded every quarter, Coinbase is a major player in the global cryptocurrency market.
Coinbase operates in over 100 countries, including Australia, Canada, France, Germany, Netherlands, Singapore, United Kingdom, and United States (excluding Hawaii). With the highest level of security, cold storage, and educational tools, it’s a trusted platform for both beginners and advanced traders. Accessible, secure, and user-friendly, Coinbase is the world leader in cryptocurrency management.
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Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry. It has over 9 million users and a quarterly trading volume of over $207 billion.
From humble beginnings, Kraken now offers over 200 digital assets, including Litecoin (LTC). For more sophisticated investors, Kraken also offers futures trading and margin trading.
As one of the first exchanges to offer new token purchase opportunities, Kraken has continued to evolve its platform and approach to the industry.
Kraken offers trading access in over 190 countries, including Australia, Canada, Europe, and the United States (excluding New York and Washington).
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Binance is one of the world’s largest and most well-known cryptocurrency exchanges. The benefits of buying Litecoin (LTC) here are lower fees and greater liquidity than competing exchanges, allowing you to buy and sell quickly and take advantage of market-moving news.
Use discount code: EE59L0QP to get 10% cashback on all transaction fees.
This exchange is ideal for investors residing in Australia, Singapore, the UK and overseas. Residents of Canada and the United States are prohibited.
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KuCoin is a well-known name in the industry and one of the most competitive when it comes to fees and transaction costs. The exchange has grown rapidly from its early days when it only offered trading between cryptocurrencies. It now offers a variety of services, including P2P exchange functionality and credit and debit card purchases.
KuCoin currently offers Litecoin (LTC) cryptocurrency trading and over 300 other popular tokens. In many cases, we will be the first to offer you the opportunity to purchase new tokens.
US residents are prohibited.
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Founded in 2013, Gate.io has grown into a well-respected trading platform. Although not the most popular exchange, it provides users with an easy-to-use interface for beginners while maintaining robust and advanced charts for a variety of skill levels, including technical traders. This exchange boasts many altcoins, including Litecoin (LTC), and is often the first exchange to add new tokens. In particular, Gate.io maintains a strong stance against market manipulation of any kind.
The exchange currently accepts residents of Australia and the United Kingdom.
Residents of the United States and Canada are prohibited.
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What is Litecoin?
Litecoin is an open source cryptocurrency that facilitates peer-to-peer transactions. It was launched in 2011 and has since been considered “Bitcoin’s silver to gold.” This means that it was not necessarily created to compete with Bitcoin, but rather to complement it.
what does it do?
Litecoin provides users with a quick and cheap way to transfer value through the use of blockchain technology. As the network continues to develop and adoption increases, Litecoin has the potential to be used both as a store of value and as a digital currency.
How does Litecoin work?
Litecoin works on a proof-of-work model and utilizes a 2.5 minute block cycle. Currently, each completed block generates 12.5 LTC, and this reward is cut in half every four years. In total, only 84 million LTCs will be produced.
Expected developments?
There have been several major developments underway on the Litecoin network for years. These two examples include support for:
Atomic Swaps – This technology allows seamless exchange of assets from different blockchains. This process, achieved through the use of “hash time lock contracts,” eliminates the need for intermediaries.
Lightning Network – This is a second layer solution that has the potential to significantly improve transaction speed, cost, and privacy on the networks that implement it. Click here to learn more about how the Lightning Network works.
An underlying ideology?
The driving force behind the creation of Litecoin was to create a cheaper and faster version of Bitcoin. Litecoin is based on Bitcoin’s source code, so it makes sense that each is built on the same beliefs. This means creating a decentralized currency that can be accessed around the world and enabling financial inclusion.
Acceptance and controversy?
Litecoin has managed to establish one of the highest levels of adoption among cryptocurrencies. This is not just its functionality. Because the code base is primarily derived from the Bitcoin code base, companies developing support for one can easily support the other.
Controversies surrounding Litecoin typically revolve around its use of the proof-of-work model. This is an energy-intensive process and is often perceived as inefficient.
Aside from the currency itself, perhaps the biggest controversy plaguing Litecoin comes from its founder Charlie Lee. Notably, during the massive bull market of 2017, Charlie Lee sold his Litecoin holdings at an all-time high. It has been suggested that this step was taken to keep the network’s development fair, but some were skeptical about its timing. Others thought the move was essentially a sign that even the founders didn’t see a bright future for the project, a notion Charlie Lee vehemently denied.
Regulation?
Litecoin is widely recognized as a digital currency, although regulators have not explicitly stated so. This is not typically considered to be a security, as there are no token sales and no central authority profiting from the network’s success. However, regulators can be picky and this is not always the case.
Who created Litecoin?
The creation of Litecoin is widely credited to Charlie Lee. Litecoin was built by Lee as a competitive and complementary digital currency to Bitcoin since its launch in 2011.
