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How to buy Litecoin (LTC)

Where to buy Litecoin in Canada.

Litecoin (LTC) went live on 13 October 2011 as a fork on the bitcoin network. It’s very similar to bitcoin, except it’s designed to be quicker and cheaper to transfer.

These similarities have it regarded as a close relative of bitcoin, and its prices have historically risen and fallen with bitcoin prices.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Bitbuy Digital Currency Exchange

Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.

At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.

  • Competitive rates
  • Fund your account with Canadian dollars
  • Quick CAD withdrawals
  • Express Interac e-Transfer two-hour funding
  • Choose from several payment options
  • High deposit limits through bank wire
  • Pre-purchase transaction pricing calculator
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Quick guide: How to buy Litecoin in Canada

  1. Register for an account with an exchange that allows you to buy Litecoin with CAD like Quebex.
  2. Verify your account.
  3. Navigate to the “Marketplace” and choose an ad selling Litecoin. Choose a trader who has a good reputation score.
  4. Once you’ve chosen an ad, type how much Litecoin you’d like to buy.
  5. Review the transaction details before selecting the “Send Trade Request” button.
  6. Once the seller has approved the transaction, send a message to the seller asking for payment information.
  7. Before sending the payment, click the “Mark Payment Complete” button.
  8. Once the payment has been received, the seller will release the Litecoin which will appear in your wallet.
Go to Quebex's website

This is our quick guide to just one way to buy Litecoin. Compare some other options in the table below.

Where to buy Litecoin in Canada

You can buy or acquire Litecoin in Canada on all of the following platforms, in various ways.

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Cryptocurrency
Express Interac e-Transfer
Flexepin
Interac e-Transfer
SWIFT
CAD
BTC, BCH, ETH, LTC, XRP
Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.
Bank transfer
Credit card
Cryptocurrency
Debit card
Interac e-Transfer
SWIFT
Wire transfer
CAD
BTC, ETH, LTC
Get a $20 bonus when you sign up through Finder. T&Cs apply.
Coinberry is a simple to use Canadian cryptocurrency trading platform that offers three popular cryptocurrencies.
Cryptocurrency
Debit card
Interac e-Transfer
Bank transfer (SEPA)
Wire transfer
CAD
BTC, BCH, ETH, LTC, XRP, EOS, ADA
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
BC Bitcoin Cryptocurrency Broker
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Credit card
CAD
BTC, ETH, XRP, BCH, LTC, DASH, DOGE, BSV
Get a $20 bonus when you deposit CAD$100 or more. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
Cryptocurrency
Bank transfer
PayPal
Interac e-Transfer
Interac Online
CAD
BTC, ETH, LTC
Quebex.com is a Canadian Cryptocurrency exchange platform which provides a secure and easy way for traders of all levels to buy and sell digital assets online instantly.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.

Compare up to 4 providers

How to buy Litecoin with PayPal

You can buy Litecoin with PayPal on Cryptex24.

Alternatively, you might buy bitcoin with PayPal via VirWox exchange, and then trade bitcoin for Litecoin elsewhere.

How to buy Litecoin with a credit card

You can buy Litecoin with a credit card on Coinbase, Indacoin, Coinmama and 247exchange.

How to buy Litecoin with cash

You can buy Litecoin with cash in various forms, at different places.

  • Coinmama. Pay cash over the counter at a Western Union for transfer.
  • Litecoinlocal.net. You can arrange a cash payment when buying peer to peer.
  • Cryptex24. Pay cash over the counter at a money transfer service.
  • 247exchange. Make a cash deposit at a bank or pay cash for a Flexepin prepaid voucher which can be used to buy Litecoin.

To pay for Litecoin with cash, you’ll want to look for platforms that accept cash deposits, prepaid cards or local peer-to-peer trading.

Other ways to get Litecoin

If you want to get Litecoin but don’t want to buy in, there are other ways to get some:

  • Trade other altcoins. You can head to an exchange and diversify your investments by trading other altcoins for Litecoin.
  • Mining. You can get Litecoin by mining, but it’s popular enough that mining likely won’t be profitable without special equipment.
  • Accept in exchange for goods and services. You can accept payment in LTC by providing your cryptocurrency wallet address.

Litecoin wallets

Litecoin needs to be held in a cryptocurrency wallet just like any other altcoin. There’s a wide range of options, but not quite as many as you’ll find with bitcoin.

All of the following hardware wallets support Litecoin.

Name Product Wallet type Supported Cryptocurrencies
Ledger Nano X Wallet
Ledger Nano X Wallet
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM & 1,000+ more
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Atomic Wallet
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, XMR, DGB, QTUM, XLM, ZEC, XRP, BCH, ETC, DASH, AWC, BTG, DOGE, TPAY, VET, VTHO, DCR, and 280+ more
Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
Uphold Digital Money Platform
Uphold Digital Money Platform
Mobile
Web
BTC, LTC, ETH, BAT, BCH, DASH, BTG, XRP
Buy, send and convert more than 35 currencies at the touch of a button.
Ledger Nano S Wallet
Ledger Nano S Wallet
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM & 1,000+ more
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
TREZOR One Wallet
TREZOR One Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.

Compare up to 4 providers

Litecoin (LTC) vs bitcoin (BTC)

Litecoin has a range of small but significant technical differences. You might think of it as the quarter to bitcoin’s dollar.

  • A supply limit of 84 million LTC vs 21 million BTC

The supply limit is the maximum number of coins that will be created. This finite limit is necessary for an altcoin to have value. The LTC supply limit is 84 million compared to bitcoin’s 21 million, so it’s up to 4 times more common. In November 2017, there were about 54 million Litecoin tokens in circulation and about 30 million left to mine.

  • 2.5-minute vs 10-minute block generation time

Litecoin blocks are generated four times faster than bitcoin blocks. The completion of each block confirms the transactions recorded in that block. Generally, this means Litecoin transfers can be done about four times faster than bitcoin transfers.

Learn more about LTC.

Litecoin price predictions: Things to consider

Some proponents of LTC believe it will continue to increase in value. They point out that it’s like a “quarter sized” version of bitcoin that’s arguably more functional, but that its price is much less than a quarter of bitcoin’s. The assumption among some buyers is that even if Litecoin prices peak at a quarter of bitcoin’s, it can still be very worthwhile.

Toward the end of 2017, about two thirds of all the Litecoin that will ever exist were already in circulation, and it can be assumed that mining will get increasingly difficult as it approaches the supply limit. This makes it more likely that the popularity of Litecoin will result in increased demand, and if demand exceeds supply in the future, that could naturally drive the prices up.

It’s also worth noting that Litecoin has tended to be ahead of its time. It was the first top 5 cryptocurrency by market cap altcoin to adopt the features of Segregated Witness (SegWit), which has since become standard among bitcoin and others.

This ongoing development might bode well for its future popularity, as it could prevent other altcoins from overtaking it later. However, like all cryptocurrencies, nothing about Litecoin can be taken for granted.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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