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How to buy Litecoin (LTC)

A beginner’s guide to Litecoin (LTC) and how you can buy and sell this key cryptocurrency.

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Litecoin (LTC) has been around for almost a decade and started 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.

Where to buy, sell and trade Litecoin in India

LTC is available on a number of popular cryptocurrency exchanges, including:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Zebpay Cryptocurrency Exchange App
Bank transfer (ACH), UPI
INR, AUD, EUR

36
cryptocurrencies

Use INR to get cryptocurrency through an international exchange and app.
WazirX Cryptocurrency Exchange
WazirX Cryptocurrency Exchange
Cryptocurrency, UPI, IMPS, NEFT, RTGS
INR

90
cryptocurrencies

Enjoy fast verification and high speed trading on this well-known Indian cryptocurrency exchange.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

48
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

434
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

69
cryptocurrencies

FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
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A step-by-step guide to buying Litecoin

Want to buy Litecoin? Follow these simple steps:

Step 1. Create an account on a cryptocurrency exchange that allows you to trade LTC

Compare exchanges that support LTC, then determine if the exchange you choose supports buying LTC with Indian rupees (INR), Bitcoin (BTC) or Ethereum (ETH). You’ll need to provide your email address and create a password to register for an account.

  • Note: It’s also recommended that you set up two-factor authentication to provide an extra level of security.

Step 2. Deposit funds into your account

Many cryptocurrency exchanges only allow trading between cryptocurrencies and don’t allow the direct deposit of fiat currency, such as INR, so you’ll usually need to own or buy BTC or ETH first.

  • Note: The exact process for depositing funds into your account varies depending on the exchange you choose.

Step 3. Buying LTC

The final step is to trade your chosen currency for LTC on the exchange. Once again, the exact process you need to follow may vary slightly depending on the exchange you choose.

Litecoin wallets

Litecoin can 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 Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Exodus Wallet
Exodus Wallet
Mobile wallet,Hardware wallet,Desktop wallet
BTC, BCH, BTG, LTC, ETH, DASH, ETC, FUN, DCR, OMG & 140+ more
Free download
Founded in July 2016, this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features.
TREZOR Model T Wallet
Hardware wallet
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$195
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Ledger Nano S Wallet
Hardware wallet
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
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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 four 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.

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 middle of 2021, about 80% 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-five 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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