Since it was created, Litecoin has been amongst the top-ranked cryptocurrencies. It has always been related to Bitcoin; it’s often called the “silver” to Bitcoin’s “gold”. It has also received support from merchants for its faster transaction times and higher capacity for transactions on the blockchain. If you want to learn more about Litecoin, click here.

This post will go through the different ways you can buy Litecoin and places you can buy them. Let’s go ahead and start. Here are the steps you have to take to buy LTC:

  1. Get a Litecoin wallet or a wallet that supports it.
  2. Access an exchange and buy LTC. The way that exchanges work varies from each one, be sure to follow instructions or contact support.
  3. Withdraw your Litecoins. Once you’ve bought them, withdraw them and transfer them to your preferred wallet.

Step 1: Get a Litecoin wallet

First of all, to buy Litecoin, you’ll need a place to store them securely; in other words, you’ll need a wallet. There are many types of wallets, and you must choose the one that suits you the best. Luckily for you, we have a post that talks about Litecoin wallets.

Step 2: Access an exchange

Buying cryptocurrencies has never been easier; it is virtually accessible for anyone in the world to buy them (except, of course, places where it is banned). As cryptocurrencies as Litecoin become increasingly more popular, the number of exchanges that support Litecoin becomes bigger. We’ll go through some of the most popular and widely used to exchanges:

Binance

Binance is a global cryptocurrency exchange that provides a trading platform for more than 100 cryptocurrencies. For a while now, Binance has been considered amongst the biggest cryptocurrency exchanges in the world. The platform allows you to buy and sell Litecoin with fiat currency or even other cryptocurrencies.

Binance’s platform is relatively easy to use; it has allowed users to buy and trade their assets. You can buy crypto and deposit it directly to your Binance wallet and start trading on the world’s leading crypto exchange in an instant. A lot of payment options are available for you to pick; you can buy Litecoin with your credit card, purchase crypto with US Dollars, Euro through TUSD, or PAX stablecoins. You also have options to turn your TUSD or PAX back into cash. Their services are one of the most reliable ones making the experience easy and convenient.

Like any other exchange, you’ll need to create an account to use the platform. A certain degree of verification is required for users to trade, buy more substantial amounts of cryptocurrencies.

Buy LTC with Binance

SouthXchange

SouthXchange is a currency management platform operated by PRO-Systems, an Argentina-based company. It is designed and built with security, simplicity, and usability in mind. The platform offers a fast, secure, and real-time cryptocurrency exchange for Litecoin and other cryptocurrencies. Your deposits and accounts are protected by multitier architecture protect, two-factor authentication, and email confirmation, ensuring that you are safer than ever.

The exchange offers very low trading and withdrawing fees, with real-time data obtained from their servers. Making available the latest data as soon as possible. The platform is also mobile-friendly, although it doesn’t have an app, as it was designed from starch to be usable in mobile devices.

SouthXchange allows users to deposit using either fiat or cryptocurrencies. Although they discourage the use of USD throughout the exchange, you can still fund your account almost instantly using debit and credit cards. I must say it is confusing to use at first, but once you get the hang of it becomes pretty easy to use.

Like any other exchange, you’ll need to create an account to use the platform. A certain degree of verification is required for users to trade, buy more substantial amounts of cryptocurrencies.

Buy LTC with SouthXchange

Coinbase

Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Litecoin, Bitcoin, and Ethereum. Coinbase allows you to buy Litecoins using forms of deposit such as direct deposit, PayPal, 3D secured credit card, debit card, and credit card. It is essential to mention that these payment methods may not be available to every country, keep that in mind. Fees on the exchange are relatively low (mainly for ACH transfers inside the US).

Coinbase is available in more than 100 countries, including regions like North America, South America, Europe, Asia, Australia, and Africa. Not only the payment methods vary from country to country, but also the capabilities and services that they offer. All of the countries listed have conversion available, while some countries also have buying and selling possible. The bottom line is, if Coinbase is available in your country, it’s probably the cheapest and fastest option for buying Litecoins.

Like any other exchange, you’ll need to create an account to use the platform. A certain degree of verification is required for users to trade, buy more substantial amounts of cryptocurrencies.

Buy LTC with Coinbase

Step 3: Withdraw your coins from the exchange

Once you’ve chosen your preferred exchange that suits you best, open an account on the exchange and buy the Litecoins. Once you’ve bought them, make sure to withdraw the Litecoins from the exchange to your personal Litecoin wallet.

Please remember never to leave coins in an exchange, as you risk losing them all if a specific exchange gets shut down or hacked (which happened in the past, Mt. Gox, ahem).

Once you’ve completed these three simple steps, you are all set, congratulations and welcome to the future!