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How to buy Litecoin (LTC) with a credit card

Litecoin (LTC) is the native cryptocurrency of the Litecoin blockchain.

Litecoin is one of the most successful and larger market cap cryptocurrencies, so there are now several options available if you want to buy Litecoin. Depending on the cryptocurrency exchange, options can range from bank transfers to third-party service providers, such as Simplex. The majority of exchanges offer the ability to quickly and simply purchase cryptocurrencies directly with a credit card.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. And make sure the provider you're interested in is available in your state.

How to buy Litecoin with a credit card

Buying Litecoin with a credit card can be as simple as it sounds. While the process may differ slightly between cryptocurrency exchanges, there are some key steps to follow. How to buy Litecoin with a credit card:
  1. Create an account. First, you must decide which cryptocurrency exchange platform you are going to use for your purchase. Popular exchanges include Coinbase, Binance, KuCoin and Gemini. Remember to review our exchange guide for our top list of recommendations.
  2. Crypto wallet. Before purchasing any Litecoin, it is best practice to create a personal crypto wallet. Many exchanges allow you to keep digital assets on the platform; however, this is generally considered less safe. If you don't own a wallet yet, check out our list of top options.
  3. Purchase with Credit Card. Search on the platform for the payment options available. Make sure to set the currency to your preferred fiat currency (USD, EUR, CAD, GBP etc.).
Click on the "purchase with credit card" option and then select Litecoin as the cryptocurrency you wish to buy. Enter the amount of Litecoin you wish to purchase or the equivalent fiat value. If you are using a platform that requires you to instantly send digital assets to a personal cryptocurrency wallet, enter your personal wallet address now. Before confirming the transaction, review all of the details and fees and make sure the order is correct. Confirm the transaction once you are happy.

Pros and cons of buying LTC with a credit card

The ability to purchase cryptocurrencies with a credit card is generally limited to the larger market cap coins. While an effective, and near-instant, way to access LTC, there are a few drawbacks to be aware of. Let's take a look at some of the pros and cons.


  • Speed. Purchasing LTC with a credit card lets you acquire LTC almost instantly. On average, credit card transactions are processed far quicker than bank transfers.
  • Convert fiat currency directly. The ability to purchase LTC with a credit card means that fiat currencies can be directly converted into cryptocurrencies. This is a process that sometimes can require multiple transactions.
  • User-friendly. The systems in place to use credit cards are part of the traditional banking system and are, therefore, extremely beginner-friendly.


  • High fees. For the speed and efficiency of a credit card transaction, third-party providers charge high fees. Fees for credit card purchases can range from 2% to over 5%. When making a large purchase, this can add up to a significant cost.
  • Purchase limits. Credit cards often incur a purchase limit placed on them by the cryptocurrency exchange or platform. There will likely be a lower limit to the amount of cryptocurrency you can buy.
  • Anonymity. The act of purchasing cryptocurrencies with a credit card can easily be tracked by financial institutions or banks. Most cryptocurrency exchanges also require photo ID before you can access the option.
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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