Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

How to buy Litecoin (LTC)

Learn how to buy Litecoin on 7+ exchanges in our step-by-step guide.

Uphold - Digital Asset Platform

Uphold - Digital Asset Platform logo
  • Trade LTC and 281 other cryptos.
  • Instant buy with USD & advanced trading options.
Go to site

As one of the earliest altcoins, Litecoin (LTC)'s reputation as a low-cost payments crypto steered it to an all-time-high price of $410.26 in May 2021.

While this has helped make LTC the #20 crypto by market cap, Litecoin is still a highly volatile asset capable of major price swings in a single day.

Just take a look at today's LTC price of $85.94, which is showcasing a double-digit loss of -12.61671 compared to yesterday, when it was trading for $76.31. Litecoin's seen a decrease of -7% over the past year.

So before you buy Litecoin, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Litecoin in the US.

How to buy Litecoin in 4 steps

To buy LTC all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.

  1. Compare crypto exchanges
    The easiest way to buy Litecoin is from a cryptocurrency exchange. Comparing in the table helps you find a platform with the features you want like low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit USD using the payment method that best suits you โ€“ cryptocurrency, bank and card payments are widely accepted.
  4. Buy Litecoin
    You can now exchange your funds for Litecoin. On beginner-friendly exchanges, this is as simple as entering the USD or LTC amount you want to purchase and clicking "buy". If you like, you can then withdraw your Litecoin to a personal wallet.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Where to buy Litecoin in the US

If this is your first time buying cryptocurrency you'll need to look for a platform that accepts US dollars, like Gemini or Public.

Don't worry too much about extra features or coins for now โ€“ you can always sign up with another exchange later.

Use the table to choose a platform that meets your needs and click the Go to site button to get started.

1 - 5 of 14
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder Award
OFFER
eToro USA LLC Cryptocurrency Trading
Bank transfer, Debit card, PayPal, Wire transfer

6

80

Get $15 when you sign up and buy $100 of crypto. T&Cs apply.
Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Capital at risk

View details
OFFER
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay

27

282

Refer a friend to earn US$20 โ€” $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk.

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking

6

235

Capital at risk

View details
Robinhood Crypto
Bank transfer, Cash, Debit card

1

15

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

What is Litecoin?

Litecoin (LTC) is a cryptocurrency built for payments. It enables near-instant, low-cost peer-to-peer transactions.

One of the earliest altcoins, Litecoin was launched in 2011 and was created from a copy โ€“ not to be confused with a fork โ€“ of Bitcoin's source code. Sometimes referred to as the silver to Bitcoin's gold, Litecoin's software is similar to Bitcoin's. However, compared to Bitcoin, it has:

  • A simpler mining hashing function/algorithm
  • A faster block generation time
  • A larger max supply

The simpler algorithm that governs Litecoin's network allows for faster transaction processing. Transactions on the Bitcoin network can take up to hours. Depending on network congestion, transactions on Litecoin are completed within seconds.

For this reason, some think of Litecoin as a complement to Bitcoin, not a competitor. Litecoin and Bitcoin have many of the same properties, but Litecoin is often considered more of a payments technology and Bitcoin a store of value.

Read our beginner's guide to how Litecoin works

What will I need to buy Litecoin?

To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not USD.

If you want to buy Litecoin with US dollars, you'll need to pass a Know Your Customer (KYC) check.

This is a standard security procedure for most exchanges in the US and requires you to upload some photo ID, and in some cases a selfie with today's date.

KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.

What are the best ways to buy Litecoin?

Once you've set up your account, you'll need to deposit funds to buy Litecoin with. We've listed out some popular ways to buy LTC and what you should know about each payment method.

What is the cheapest way to buy Litecoin?

Most exchanges let you buy as little as $5 worth of LTC, if not less. Just type in how much you want to spend in USD and let the exchange work out the rest.

Some platforms only offer 1 way to buy Litecoin, while others provide several choices. The 2 most common ways to buy LTC are on the spot market or with an "instant buy" feature.

Instant buy

If it's your first time buying Litecoin this will be the fastest method โ€“ but also the least cost-effective.

You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.

It should feature a simple interface that lets you enter the amount of Litecoin you want to buy, or US dollars you want to spend.

This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.

Be prepared to pay a markup on LTC's market rate in exchange for the convenience.

Spot market

If you see colorful charts with a range of prices, you're probably in the spot market.

The spot market is where buyers and sellers come together to place bids for LTC on the open market. It's usually the cheapest way to buy Litecoin because it lets traders set their own price.

You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.

There are several different order types that you can make on the spot market.

  • Market order. This will buy you the amount of Litecoin you specify at the lowest possible price available. This makes it like an instant buy order, but with much lower fees.
  • Limit order. This is the most common order type and lets you purchase Litecoin at the price you specify. Traders use this to time the market and capitalize on price dips or increases.

How to find the best place to buy Litecoin in the US

There are dozens of different trading platforms to choose from when buying Litecoin in the US, so to help you find your best option, keep these factors in mind:

  • Where it's registered. Using a locally registered exchange is a good idea. It's more likely to accept US dollars and local payment methods like , which helps avoid foreign exchange fees. Choosing from US-based exchanges also means it's likely to be registered with the Financial Crimes Enforcement Network (FinCEN) which means it has to comply with local laws in the US.
  • Security. Look at the security features the platform has to offer, like 2-factor authentication and PGP-encrypted emails. Cold storage of user funds is considered industry standard, but insurance funds are less common and indicative of good security practices.
  • Fees. Check the fine print to find out exactly how much your transaction will cost. Depending on the platform you choose, these could include spreads, trading fees and deposit and withdrawal charges.
  • Transaction limits. Are there any minimum or maximum limits on the amount of Litecoin you can purchase? Does the exchange restrict the amount of funds you can withdraw from your account in any 1 transaction or 24-hour period?
  • Other platform features. Look out for other features that suit your investment or trading needs. For instance, many exchanges now let you earn yield on your holdings, while some issue crypto debit cards to help you spend your coins.
  • Customer support. If you ever have a problem with a transaction, will you be able to quickly and easily get in touch with the customer support team? Are they based in the US? Check what contact methods are available and find out how quick the team is at responding to enquiries.
  • Insurance fund. A small number of exchanges now insure user funds. Beware that policies vary greatly between exchanges, so you'll need to research this thoroughly if insurance is important to you.
  • Reputation. As a young industry, reputation can provide a lot of clues when choosing an exchange. For instance, who are the founders? Have there been any controversies? Are their business practices transparent? If you can't find any of this information, that may be a red flag.
  • Range of coins. If you're thinking about adding other cryptos to your portfolio in the future, check to see what other coins you can buy through the platform.
  • Read reviews. Finder's crypto exchange reviews include user feedback, which helps you get a better idea of what the exchange is like to use for other people starting out just like you.

Why you should use a FinCEN-registered cryptocurrency exchange

Crypto exchanges founded and based in the US are required to register with the Financial Crimes Enforcement Network (FinCEN), a division of the US Department of the Treasury. This bureau safeguards the US financial system by working to prevent money laundering, terrorist-financing activity and other financial crimes.

FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries.

Other reasons for using a FinCEN-registered exchange may include the following:

  • They are subject to state-level regulation and laws.
  • They are more likely to offer US-based customer support.
  • They typically cover local payment methods such as ACH bank transfers and support transactions in US dollars (USD).

Recent Litecoin developments

2 November, 2023: Litecoin is up by 27% over the past year, although remains 83% down from its all-time-high of $410 set in May 2021
3 October, 2023: The price of LTC remained flat over September, finishing the month at US $66, the same price it opened at.
Litecoin 1 September, 2023: Litecoin block rewards have halved to 6.25 as a result of a halving, which halves block rewards every 4 years.
4 July, 2023: Litecoin price reaches a 12-month high of $114.

Is Litecoin safe to invest in?

You shouldn't invest in any asset, including LTC without doing plenty of research first. Before you buy Litecoin, make sure you understand and weigh up these risks:

  • Price volatility. Litecoin's price is largely based on speculation, which means it can rise or fall in a short time. It's not uncommon for LTC to lose more than 10% of its value in a single day.
  • Perceived value. LTC is a unique asset that does not have any tangible value. It derives most of its value from utility and speculation.
  • Exchange vulnerabilities. Leaving your Litecoin on a crypto platform exposes you to several counterparty risks, including:
    • Scams. Scammers frequently try to trick exchange users into handing over their username and password, often by phishing with malicious emails or fake website links. Use 2FA and encrypted emails to help protect your funds.
    • Hacks and theft. Exchanges are vulnerable to hacks and theft, so choose one with good security practices and a track record of safety.
    • Fiscal mismanagement. In mid-2022 a number of crypto platforms froze user funds after it was revealed they had engaged in irresponsible funds management.
    • Insurance. Unlike stocks, only a small handful of exchanges provide insurance on your cash deposits.
  • Regulatory uncertainty. The regulatory environment for Litecoin and other cryptos is constantly changing. It's important to understand how international rulings have the potential to impact Litecoin's future โ€“ for better or worse.
  • Novel technology. Litecoin was created in 2011 which makes it relatively new as a form of technology and as a currency. LTC doesn't yet have the same track record or performance history as some other asset classes.
  • Technical learning curve. Evaluating the tech behind LTC before you invest is important, but requires a deep understanding of the blockchain and other aspects of decentralized finance. You should be prepared to do plenty of research.
  • Performance. LTC barely surpassed its previous all-time high in price of US$366, which it hit in 2017, when it reached US$413 in 2021. A comparable asset like Bitcoin (BTC) gained 200% in value in the same time frame while LTC only gained 12%.
  • Bitcoin's Lightning Network. Litecoin bills itself as a payment network as it facilitates faster transactions than the Bitcoin network. However, now that Bitcoin has the Lightning Network โ€“ a layer 2 that enables faster transactions โ€“ there might not be as much demand for Litecoin.
  • Litecoin's founder has dumped his LTC. When Litecoin's price was at an all-time high in December 2017, the network's founder Charlie Lee sold all of his LTC. Bitcoin's founder โ€“ the anonymous Satoshi Nakamoto โ€“ has never sold even 1 of their 1.1 million BTC. Founders selling their tokens often undermines investor confidence.

Today's Litecoin price versus ATH

Compare today's price of Litecoin ($85.94 USD) against its all-time high (ATH) price of $410.26 USD on May 10, 2021. The closer the bar is to 100%, the closer LTC is to reaching its ATH again.

Current price: $85.94
All-time high: $410.26
21%
79%

How is Litecoin taxed?

If you hold Litecoin as an investment, you'll be taxed on any capital gains you make when you sell it โ€” which includes spending it on goods and/or services. In the US, tax obligations also apply to mining, professional Litecoin trading and in a range of other scenarios, so make sure you're fully aware of what you need to report to the IRS.

Learn more in our crypto tax guide or use our round-up of the best crypto tax software to make tax reporting easier.

After you've bought Litecoin

Once you own some LTC, you have 2 options โ€“ keep it on an exchange, or move it to a personal wallet. Each comes with its own set of pros and cons.

Keeping your Litecoin on an exchange

Pros
  • Convenience. Keeping your Litecoin on an exchange is convenient because you can buy and sell at any time.
  • Security. Holding Litecoin on an exchange does come with significant counterparty risks, but reputable platforms also invest heavily in security so you don't have to worry about the pitfalls of self-custody.
  • Insurance. A small handful of exchanges now operate insurance schemes. These can range from insuring user deposits held in cold storage to reimbursing customers if a hack occurs.
Cons
  • Phishing. Exchange users are frequently targeted by scammers trying to steal login information through malicious emails and fake website links.
  • Hacking. Exchanges are major targets for hackers. While security practices have improved substantially, hacks still occur from time to time.
  • Account freezing. Exchanges have been known to occasionally freeze user accounts, whether due to security concerns, technical issues or market turbulence. This could see you temporarily lose access to your crypto.

Moving your Litecoin to a non-custodial wallet

Pros
  • Self-custody. A mantra repeated by crypto investors is "Not your keys, not your coins." This comes from the idea that the only way to guarantee ownership of your Litecoin is to own the private key โ€” which isn't the case when you hold on an exchange.
  • Security. Litecoin and cryptocurrency wallets vary greatly in their features and security. For the most secure experience, consider purchasing a hardware wallet, which is usually a small USB device that keeps your private keys offline at all times for an extra layer of security.
  • Utility. If you plan to use your Litecoin for transactions, daily spending or decentralized finance (DeFi), then storing it in a wallet rather than an exchange will be more convenient.
Cons
  • Learning curve. It's no secret that learning how to use a crypto wallet takes some time and effort. Spend some time learning how Litecoin wallets work before transferring any of your funds.
  • Personal responsibility. Owning your own money can be liberating, but it also means the responsibility is all yours. If you lose your private key, the only way to regain access to your wallet is through the seed phrase. Make sure to store both of these privately and securely.
  • Inheritance. A challenge presented by crypto wallets is how to pass access on in the event of death or disability. Several companies are experimenting with ways to solve this problem, like the Trezor Model T wallet's Shamir backup feature.

Bottom line

If you want to buy Litecoin, start by comparing a range of crypto brokers and exchanges available in the US. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Use an exchange registered with FinCEN for added peace of mind.

Remember that owning and using Litecoin is not without its risks. Carefully consider investing in LTC as part of a wider strategy, and talk to a financial advisor if you have any questions.

Once you've bought some LTC, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet.

FAQs

What is the easiest way to buy Litecoin?

Most beginners find it easiest to buy LTC through a centrd crypto trading platform, like the ones listed in our table.

If you've already got a personal non-custodial wallet, you can sometimes use it to purchase LTC directly via an in-built exchange integration.

Where is the best place to buy Litecoin?

The best place to purchase Litecoin depends on your needs. A good place to start your research is with our top picks.

If you are buying LTC to speculate on its price in the short term, you might want to buy it on an exchange such as Gemini or Public, platforms that custody the asset for you. This will let you sell your LTC at any time.

If you are buying LTC to hold it for the long term, consider buying it on an exchange and transferring it to a hardware wallet to keep the private keys safely offline.

Can I buy Litecoin on Coinbase?

Yes, you can purchase LTC and hundreds of other digital assets on Coinbase.

How to buy other cryptos


Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

View details
Binance Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

71

370

Capital at risk

View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

View details
loading

Are you visiting from outside the US?

Select an option to continue

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Disclaimer: Cryptocurrencies, including Litecoin, are speculative, complex and involve significant risks โ€“ they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LTC 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 Litecoin or any other cryptocurrency discussed.

More guides on Finder

  • How to buy Pepe (PEPE)

    This guide provides step-by-step instructions on how to buy pepe, lists some exchanges where you can get it and provides daily price data on PEPE.

  • How to buy USDC (USDC)

    This guide provides step-by-step instructions on how to buy USD Coin, lists some exchanges where you can get it and provides daily price data on USDC.

  • Best crypto to buy now

    Our expert guide on how to choose the best crypto to buy right now.

  • How to buy Shiba Inu coin (SHIB)

    Learn how to buy Shiba Inu in the US with our simple step-by-step guide and tips on what to know before you get started.

  • How to buy Dogecoin (DOGE)

    Learn how to buy Dogecoin in the US with our simple step-by-step guide and tips on what to know before you get started.

  • How to buy Solana (SOL)

    Learn how to buy Solana in the US with our simple step-by-step guide and tips on what to know before you get started.

  • How to buy XRP (XRP)

    Learn how to buy Ripple in the US with our simple step-by-step guide and tips on what to know before you get started.

  • How to buy BNB (BNB)

    Learn how to buy Binance Coin in the US with our simple step-by-step guide and tips on what to know before you get started.

  • How to buy Cardano (ADA)

    Learn how to buy Cardano in the US with our simple step-by-step guide and tips on what to know before you get started.

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site