How and Where to Buy Litecoin (LTC)
Ever since Litecoin was created back in 2011, it has been considered Bitcoin’s popular younger brother, offering faster transactions and lower fees. In this guide, we will review the various ways you can buy Litecoin online and offline, as well as how to store it.
How to Buy Litecoin Summary
- Get a Litecoin wallet (e.g., Best Wallet, Exodus, Ledger)
- Find an exchange that sells Litecoin (e.g., Coinmama, CEX.io)
- Deposit money and make the trade
- Withdraw the Litecoins to your wallet
If you want a deeper explanation of the various methods available for buying Litecoin and wallets to store it in, keep on reading.
1. Buying Litecoin in 3 Steps
Step 1 – Get a Litecoin wallet
Before you go off to buy Litecoin, you will need a wallet to store it in. There are many Litecoin wallets available today, but in this post, we’ll just review the best ones in our opinion.
Litecoin Hardware Wallets
The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.
Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.
If you want deeper insights on specific models, you can read our Ledger Nano X review or my Trezor Safe 3 Review.
Litecoin Software Wallets
Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.
A software wallet is a free program that lets you store your coins on your computer or mobile phone.
The easiest Litecoin software wallets to get started with are undoubtedly Exodus and Best Wallet. Both wallets are very intuitive. Exodus is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. Best Wallet, on the other hand is only available on mobile, with both iOS and Android apps available. If you want more information you can read my Exodus review.
For a complete explanation of hardware wallets, software wallets, and additional types of wallets, make sure to watch our Bitcoin Whiteboard Tuesday episode about wallets.
Once you have your wallet ready, you will need to locate your Litecoin address. Your Litecoin address is a long string of letters and numbers starting with “L”, “3” or “M”. Here’s an example:
LM2WMpR1Rp6j3Sa59cMXMs1SPzj9eXpGc1
Step 2 – Find a Litecoin Exchange
As Litecoin becomes more and more popular, the number of cryptocurrency exchanges that sell Litecoin is constantly increasing.
In this section, we will cover the easiest Litecoin exchanges to get started with, which also supply the widest variety of payment methods.
Buying Litecoin on eToro
Pros: Easy to get started with, various payment methods
Cons: Less suited for accessing the actual coins
eToro is a popular and well-established cryptocurrency trading platform that makes it easy for you to invest in Litecoin and other cryptocurrencies for fiat currency (i.e. Dollars, Euros, etc.). In other words, eToro is more targeted towards traders than towards users who are looking to actually own their coins.
Even though you can withdraw or send coins from eToro to other people, this part is difficult to do. Therefore, the platform is more suited for price speculation.
On the other hand, it is a super user-friendly platform that offers great customer support and the widest variety of payment methods (wire, debit card, Neteller, and more).
If you use eToro for investment purposes only, you don’t actually need a Litecoin wallet. eToro also allows you to short a certain currency if you think its price will drop. Also, US investors can only invest in Ethereum, Bitcoin, and Bitcoin Cash. You can learn more about this platform and all it has to offer in our in-depth eToro review.
eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Buy Crypto Through Best Wallet
Pros: Simple buying process, secure wallet, never giving up custody over funds, and avoiding third-party risk.
Cons: Fewer assets supported vs traditional exchanges
Best Wallet is our top pick for users looking for the easiest way to buy cryptocurrencies directly within a wallet. Best Wallet allows users to buy, sell, and swap crypto from directly within the wallet using the built-in DEX-aggregator.
The reason we recommend Best Wallet for new users and those looking for the most friction-free way to buy crypto is that by purchasing crypto from directly within a wallet, users lower their risk of exposing themselves to exchange hacks, third-party risks, and the possibility of sending to incorrect addresses when withdrawing from a traditional crypto exchange. The Best Wallet DEX aggregator sources the best rates for users’ swaps, supporting 50+ chains, connecting to over 200 decentralized exchanges, and using up to 20 cross-chain bridges. Users can make both same-chain and cross-chain swaps.
Visit Best WalletBuying Litecoin on Coinmama
Pros: Simple buying process, reliable company
Cons: Relatively high fees
Coinmama allows you to instantly buy Litecoins with your credit card, debit card, or a wire transfer, including SEPA/Swift transfers. They accept users from most countries around the world (but excludes the US states of New York and Hawaii).
The company has been around for a long time (since 2013) and is considered trustworthy. You can read our full Coinmama Review to learn more.
Coinmama won’t hold your Litecoins for you, which means you’ll need to make sure you have a Litecoin wallet and address before starting the buying process (as I’ve covered in Step 1).
Coins are sent almost instantly once the buying process is completed.
Buying Litecoin through CEX.io
Pros: Low fees on trading platform, wide variety of payment methods
Cons: High fees on the brokerage service
CEX allows you to buy Litecoin in a fast & secure way, using your credit card, debit card or wire transfer. The site offers two methods for buying Litecoins:
- A brokerage service (the company sells you Litecoins directly) – An easy process at a premium price
- A trading platform (you interact with buyers/sellers from around the world) – A cheaper, but relatively complex process for beginners
Like Coinmama, CEX has been around since 2013 and has gained a very good reputation since. If you’re just starting out, it will probably be better if you use the brokerage service since it’s simpler than the trading platform.
Keep in mind that the brokerage service fees are around 7%, while the trading platform fees start at 0.25% and decrease as your trading volume increases.
If you’re buying a small amount, that shouldn’t make that much of a difference and sometimes it’s better to pay a little extra for an easier, faster process. You can learn more in our dedicated CEX.io Review.
Buying Litecoin on Coinbase
Pros: Low fees on ACH/SEPA transfer, established company, supports PayPal & Apple/Google Pay
Cons: Poor support, not available worldwide
Coinbase lets you buy Litecoins using your debit card, bank account, PayPal, Apple Pay or Google Pay. Coinbase accepts buyers from over 100 countries around the world and the fees on the exchange are relatively low (mainly for ACH transfers inside the US).
The company is well-established and has been selling cryptocurrencies since 2012. On the downside, don’t expect anyone from their support to answer if you encounter any issues (they have created a name for themselves in that field).
The bottom line for Coinbase is this – if they are supported in your country, they are likely the safest and most reputable option for buying Litecoin. Feel free to check out our Coinbase review to learn more about the leading exchange in the US.
Buying Litecoin on Binance
Pros: Low fees, multiple payment options, reputable exchange, great asset and product selection
Cons: Issues with regulation
Binance is the world’s most popular exchange and a good choice for buying Litecoin using debit card, bank account, and dozens of other methods. Binance is renowned for its low fees, good crypto support, and a huge selection of products offering things such as earning options, lending, launchpads, and more.
If Binance is available in your country, this is one of the lowest-fee methods for purchasing Litecoin. You can find out why Binance is one of our favourite Litecoin exchanges in our detailed Binance Review.
Step 3 – Withdraw Your Litecoin
Once you decide on an exchange, open an account and buy your Litecoin. Make sure to withdraw the Litecoin from the exchange to your personal wallet.
Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past).
2. Additional Options for Buying Litecoin
If you already own Bitcoin and wish to exchange it for Litecoin, you can do that on a crypto-to-crypto exchange like Binance. Alternatively, you can always buy Bitcoin and swap it for Litecoin using Binance.
Buying Litecoin with Paypal
PayPal allows users in some countries to purchase Litecoin directly on its platform, as well as transfer them to a third-party wallet if you’re based in the US. The only other direct option to buy Litecoin with PayPal is through Coinbase, but once again, this is only available to US users.
However, if you live outside the US and you want to actually hold your coins, you’ll most likely need to buy Bitcoins with PayPal and then exchange them for Litecoins on a crypto-to-crypto exchange like Binance or Changelly.
Pro Tip: Buying cryptocurrencies with PayPal usually includes A LOT of fees. Make sure you’re aware of all of the fees beforehand, so you won’t be surprised.
Buying Litecoin without ID or verification
Since Litecoin isn’t as popular a payment method as Bitcoin is, it’s hard to find a credible way to buy it without any verification. The best way to buy Litecoin anonymously would be to buy Bitcoins anonymously and then trade those Bitcoins for Litecoins on Binance or Changelly with a disposable email. You can also check out our article on the Best No KYC Exchanges for some reputable places to buy and sell crypto anonymously.
3. Conclusion – Is Litecoin a Good Investment?
Throughout the years, Litecoin has proved itself to be a coin that’s here to stay with a strong community and development team behind it. LTC always seems to have its day in the sun and has typically been a great investment for those buying in bear market years. Will LTC ever hit a new all-time high? well that remains to be seen, as it set a high bar back in the 2017 bull market.
The question of “will it play a role in the future monetary system?” is still unanswered, but for now, Litecoin remains close to Bitcoin, following it in its ups and downs.
See Also: The Best Litecoin Betting Sites 2025
4. Frequently Asked Questions
How to buy Litecoin?
Where to buy Litecoin?
What’s the best way to buy Litecoin?
How much LTC should I buy?
How to buy Litecoin with PayPal?
How to buy Litecoin on Cash App?
Where to buy Litecoin in the Philippines?
How to buy Litecoin with a credit card?
How to buy LTC in the UK?
How to buy Litecoin in Australia?
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