Where To Buy Litecoin (LTC)

Last Updated June 23rd 2022
17 Min Read

Litecoin is one of Bitcoin’s oldest and most successful forks. It was created with the intention of establishing a faster, cheaper, and more versatile alternative to the Bitcoin cryptocurrency. However, exit scam accusations and multiple crypto price crashes hampered its take-off and even contributed to its current investor interest and price woes.

Today, the management of the Litecoin Foundation is reassembling and coming up with new goals and re-affirming LTC's sustainability. By maintaining a top 20 position among the most valuable cryptos, surviving multiple price crashes, and sustaining an overall positive ROI of more than 1500%, Litecoin has proved why it is worth buying.

But where can you buy Litecoin in 2022?

Well, this where to buy Litecoin guide gives you a step-by-step breakdown of how to buy the Bitcoin fork and discusses top exchanges to buy Litecoin. We also look at more reasons why you should consider buying Litecoin and the biggest risks to LTC investing. Simply put, we teach you everything you need to know before buying LTC.

Read on.

How To Buy Litecoin (LTC) – Quick Guide

Want to jump straight to buying Litecoin? Follow this simple 3-step guide that shows you how to buy LTCs on eToro. You only need $10 to get started.

  • Step 1: Open an eToro Account – Start by creating a crypto trader account on eToro. The account registration process here is quite straightforward and takes no more than 10 minutes. You will receive an email notification when the account is approved.
  • Step 2: Fund Your Account – Deposit funds into the approved eToro trading account. eToro supports virtually all the most popular payment options, and the minimum deposit is only $10. 
  • Step 3: Buy Litecoin (LTC) – Head over to the discover button of the crypto exchange’s user dashboard, select crypto, then choose to buy Litecoin from the list of supported virtual currencies. 

That’s it! By following these easy steps, you can buy Litecoin in less than 5 minutes.

 

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Are you a newbie crypto investor looking for a more detailed guide on how to buy Litecoin on eToro? Read on and we will provide you with a more comprehensive Litecoin buying guide further below in this post.

Where To Buy Litecoin (LTC) In 2022

Litecoin is a massively popular cryptocurrency. It was once a top 10 cryptocurrency and ranked highly among the most traded crypto assets. There, therefore, is no shortage of best places to buy Litecoin in 2022.

Hereinbelow, we discuss the three top exchanges to buy Litecoin today.

1. eToro - Overall Best Place to Buy Litecoin

buy Litecoin on etoro

eToro started as a forex trading platform in 2007. In 2013, it incorporated cryptos, starting with Bitcoins, and has over time become one of the most popular crypto trading platforms and one of the best places to buy Litecoin. We feature it here because of its user-friendly trading interface, transparent fee structure, competitively low trading fees, and affordable deposit minimums.

eToro maintains a highly innovative platform that ensures that it is as beginner-friendly as it is appealing to expert traders. The easy and straightforward account creation process evidences eToro’s beginner-friendliness. It is also manifested in eToro’s affordable minimum deposits and competitive trading fees. And further reinforced by the integration of social and copy trading features.

The exchange also draws in expert traders by running a deeply liquid platform. Not forgetting its fast order execution speeds and the integration of a wide range of trading, analysis, and risk management onto its easily navigable user interface.

Other factors that make eToro one of the top exchanges to buy Litecoin in 2022 include its accessibility and support for a wide range of payment methods. eToro is currently available in 100+ countries and territories across the world. And depending on the crypto laws in your country, you get to buy actual Litecoin or trade LTC CFDs with attractive leverage.

When buying LTC on eToro, you will only be required to pay a fixed commission - up to 1% of the trading amounts. The exchange will also provide you with a free custodial exchange-based wallet and a free non-custodial crypto wallet app.

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Crypto.com - Best Place to Buy Litecoin for High Instant Deposits

buy Litecoin on crypto.com

Crypto.com tops our list of best places to buy Litecoin because of its high instant deposits. On this platform, you can make daily instant deposits of up to $50,000 daily. And some of the supported payment options include credit cards, debit cards, eWallets, and even bank transfers. The exchange doesn’t charge you any deposit processing fees.

But this is far from the only reason why we rank Crypto.com among the top exchanges to buy Litecoin in 2022. Others include the fact that the exchange maintains an innovative and beginner-friendly trading platform. It lists a wide range of cryptocurrencies and a moderate selection of Litecoin trading pairs. Additionally, the Crypto.com trading platform integrates a wide range of premium trading, market research, and risk-management tools.

The crypto trading platform also maintains some of the fastest order execution speeds - averaging 3 milliseconds. And all these make it appealing to active traders, especially scalpers and day traders.

You may also consider adding Crypto.com to your list of preferred places to buy Litecoin because of its beginner-friendliness. Their trading platform isn’t just resource-rich, it is also highly navigable and easy to use. The exchange also runs an easy client-onboarding process and maintains affordable deposit limits - only $20.

Other factors that help Crypto.com rank highly on our list of best places to buy Litecoin are its investing programs. These include the Crypto.com staking and Crypto.com lending programs. Through staking, you get to earn up to 14.5% P.A on staked Litecoin tokens. The lending platform, on the other hand, lets you invest borrow up to 50% of the invested LTC coins and payback in flexible instalments for up to 12 months.

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Binance - Best Place to Buy Litecoin for Low Fees

buy Litecoin on binance

Binance is arguably one of the most popular and the most accessible crypto exchanges in the world. It is available in virtually all the crypto-friendly countries and territories across the world. It is also the most liquid crypto exchange in the world, processing crypto trades worth as much as $40 Billion daily. But it makes to our list of top exchanges to buy Litecoin in 2022 because of its incredibly low crypto trading fees.

When buying Litecoin on the exchange, for instance, you will only pay a fixed commission of between 0.1% and 0.04% - based on your 30-day trade volume on the platform. And if you choose to pay for the fees using Binance (BNB) coins, you qualify for a 25% discount - bringing the cost of trade on the platform down to between 0.75% and 0.03%.

But this isn't the only reason we feature Binance among the best places to buy Litecoin. Others include the fact that the exchange runs one of the most innovative and user-friendly crypto trading platforms.

Its client onboarding process is quick and straightforward. The platform is easily navigable and Binance lets you buy Litecoin instantly. These, plus the fact that it maintains low trading minimums - as low as $10 make it appealing to beginner traders.

The Binance trading platform then supports the widest range of crypto assets and a growing number of Litecoin trading pairs. It is also super-fast in transaction processing. These, plus the low fees and deep liquidity make it massively appealing to active traders, especially scalpers and day traders.

We also appreciate Binance's commitment to the safety of user funds. For starters, Binance is quite strict on sharing client data with third parties. Secondly, they provide users with a free custodial exchange-based wallet as well as a non-custodial mobile wallet app - the Trust wallet. But even more importantly, it operates the largest crypto-focused insurance fund - currently worth more than $1 Billion.

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Is Litecoin (LTC)?

Litecoin is a cryptocurrency, created to facilitate inexpensive, fast, and highly secure blockchain-based payment methods. It launched in October 2011, created by Charlie Lee, a computer scientist and early Bitcoin miner. It was based on the Bitcoin protocol - only 4X more efficient.

Instead of Bitcoin's fixed maximum supply of 21 million coins, Litecoin's is fixed at 84 million. Instead of the 10-minute block processing time on the Bitcoin network, Litecoin processes a block in 2.5 minutes. Simply put, Litecoin is designed to serve as the improved version of Bitcoin.

The altcoin received the warmest welcome in the crypto community. Its prices went on a run and it immediately became one of the most popular coins. Its market soared and LTC was soon a prominent feature on the crypto top 10 lists.

But in 2017, Litecoin founder cashed out his LTC holdings - citing conflict of interest - left the Litecoin foundation, and started working for the Coinbase exchange.

The market interpreted this as an exit scam and LTC token prices embarked on a free fall. It dropped off the list of top 20 most valuable cryptos and the number of wallets holding LTC tokens dropped drastically, signifying a massive dip in investor interest.

In 2021, Charlie got back to the Litecoin foundation. Litecoin has since launched the Mimblewimble upgrade and is reportedly working on more projects aimed at making Litecoin competitive and winning back investor interest in the altcoin.

Is Litecoin (LTC) Worth Investing In?

Litecoin has had its ups and downs. It has its core strengths like speed and low transaction fees which would make it worth investing in as well as its several shortcomings that would make you think twice about investing in the altcoin.

But to best understand if Litecoin is worth investing in, we analyze the reasons to buy Litecoin today and the risks of investing in LTC.

Reasons to Invest In Litecoin (LTC)

  • Potentially high upside: Most analysts feel confident that Litecoin is massively undervalued. They agree that as the altcoin launches more products and wins the crypto community’s trust again, it will correct upwards and catapult investor portfolios by unimaginable rates.
  • Growing adoption: Litecoin is fast in transaction processing and maintains low transaction fees while offering near-similar level security offered by Bitcoins. As more on- and off-chain brands look to integrate crypto payment systems, analysts expect it to receive market-wide adoption, which rallies its price to new heights.  
  • Expanding ecosystem: The Litecoin development team is currently working on upgrades to the Litecoin network that would it an edge over the competition, fuel its adoption, and re-ignite its value gain.
  • Growing use cases: Litecoin is expanding its usefulness from being a speculative investment product to a medium of exchange. Today, more than 10 major companies - including Twitch, HOSTKEY, APMEX, and Sling TV - accept LTC payments.
  • Higher reward to risk ratio: Litecoin is massively undervalued. It is also stabler and more resilient than most other cryptocurrencies. It is, therefore, less likely to collapse and burn investors when compared to equally promising but relatively new cryptocurrencies.  

Risks to Litecoin (LTC) Investing

  • Bad reputation: Litecoin lost the crypto community's trust and investor interest in the altcoin after 2017 when Charlie Lee left. Ever since, not much has been done to reclaim this trust or win these investors back.
  • Lost Relevance: There is a general feeling in the crypto community that Litecoin has lost relevance. That even with higher throughput and low costs, it can’t overtake Bitcoin’s adoption rates. That its spot on most investor portfolios has been taken over by newer, faster, cheaper, and popular altcoins.
  • Overly reliant on Bitcoin performance: Litecoin, like most other cryptocurrencies, is overly reliant on Bitcoin price action. It rallies when BTC prices go up and crash when BTC prices dip.

Litecoin (LTC) Price

By the end of April 2013, data from CoinMarketCap indicates that Litecoin was selling for around $4.4. During the 2013 crypto market rally, however, Litecoin prices broke into a run - racing past $10 in the last week of November and peaking above $45 in the first week of December.

But the Chinese ban on Bitcoin and the crypto winter that ensued saw its prices dip and fall below the early 2013 prices. In January 2015, LTC hit its lowest price on record when it ended the day selling for $1.11. It traded around this level throughout 2015 and 2016 and only broke above $10 in early June 2017, right about the time when the market was readying for yet another price run.

The Bitcoin fork tore above the 2013 highs and reached $50 in the first week of July. It then doubled this price and broke above $100 on 5th December, before growing its early 2013 price by more than 9000% and establishing its first peak of $360, with a market cap of close to $20 Billion on 20th December 2017.

A day before hitting this peak, Charlie Lee announced his sudden departure from Litecoin and the liquidation of his LTCs. This, plus a reiteration of the Bitcoin ban by the Chinese government, had LTC token prices plummeting. In the 10 days that followed Litecoin lost more than two-thirds of this peak price and stormed into 2018 selling around $120.

The sustained value loss continued and by December 2018, Litecoin had lost 95% of its 2017 peak prices to sell for $23. Though it attempted a comeback rally in 2019, it couldn’t rise past $140 and quickly fell back below $50. Litecoin-only started rallying again during the early 2021 crypto market rally that saw it hit its current all-time high of $412 on 10th May.

One year later, Litecoin has wiped out most of these early 2021 gains and is currently trading around $70 - more than 80% below the peak price. It has a live market cap of $5 Billion and is ranked 18th on CoinMarketCap’s list of valuable cryptocurrencies.

Litecoin (LTC) Price Prediction

The general opinion among crypto analysts and investors is that Litecoin prices will eventually rally and reach new highs. They are confident that it will escape the current lows and reach new heights over the next few years. Much of this - they believe - will be made possible by the ongoing developments within the Litecoin network, rising adoption of blockchain technology, and a recovering crypto market.

By the end of 2022, conservative crypto price predictions from Changelly expect Litecoin to be worth $94.

The more optimistic predictions by analysts at Coinquora expect Litecoin token prices to rebound fast and reach $411 by the end of the year. These are also confident that LTC can reach $1000 by the end of 2025 and that it could rally past $1500 within the next 5 years.

Don't Miss: Litecoin Price Predictions

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ways To Buy Litecoin (LTC)

As more exchanges listed Litecoin and its popularity rose across the world. Different trading platforms came up with different ways of buying altcoin. In this section, we look at the three most common:

  • How to Buy Litecoin (LTC) With Credit Cards and Debit Cards

Virtually all the most popular crypto exchanges in the world, including the three we have discussed above, will let you buy Litecoin with credit cards and debit cards. The perks of using cards to buy Litecoin include the fact that they are easily accessible and have relatively high daily buy maximums - up to $40k On eToro. Plus, most exchanges won’t charge you a deposit processing fee when you buy LTC with cards.

  • How to Buy Litecoin (LTC) With PayPal?

You can also buy Litecoin with PayPal. Note, however, that only a few crypto trading platforms will support PayPal deposits e.g. eToro. Here, you can buy Litecoin worth as much as $10,000 and the crypto trading platform doesn’t charge any deposit processing fee. You would want to buy LTC with PayPal on eToro because deposit processing is instantaneous and funds reflect in your crypto trading account in minutes.

  • How to Buy Litecoin (LTC) With Bank

You can also buy Litecoin with bank transfers - the most accessible and most accepted payment option in the world. Virtually all the crypto trading exchanges around, including the three we have discussed herein, accept bank deposits from Litecoin purchases. Furthermore, most maintain high deposit minimums.

eToro, for instance, doesn’t have an upper limit for Bank deposits and doesn’t charge a depositing fee. You, however, will have to wait for between 3 and 8 business days for the funds to reflect in your trader account - during which time the LTC process may have changed drastically.  

Best Litecoin (LTC) Wallet

Litecoin foundation provides LTC investors with different types of free wallets. They give you a Litecoin Core desktop wallet and a Litewallet for Android phones. Both are highly secure and feature wallet encryption to protect you against wallet stealing malware and double up as a sanity check. It requires you to key in the wallet password before spending coins and before sending out payments.

But you also have a broad choice of third-party online wallets. These range from mobile wallet apps to desktop wallets. They also include the exchange-based wallets provided by different crypto trading platforms - including the three we have listed hereinabove.

We, however, recommend that our readers invest in hardware wallets that store private keys for their Litecoin offline - away from hackers and malware.

How To Buy Litecoin (LTC) For Beginners On eToro: Step By Step Guide

Are you new to crypto investing and looking for a comprehensive guide to buying Litecoin? Let us give you a step-by-step breakdown of how to buy Litecoin on one of the best crypto trading platforms - eToro.

Step 1: Create a crypto trader account

Open the official eToro website and on the user dashboard, click the ‘Join Now’ button to begin account registration. Expect the exchange to ask for such basic information as your name, email address, country of residence, and income sources.

open trading account

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step 2: Verify your identity

Complete registering the account by verifying your identity. The exchange will simply ask that you upload a copy of your government-issued I.D, passport, or driving license. You will receive an email confirming account approval.

Step 3: Fund this account

Log in to the approved crypto trading account and on the user dashboard, click on the “Deposit” tab. A funding window will pop up and present you with a host of deposit options available to you based on your country of residence. Choose one and follow the prompts to complete the deposit.

Note: The name of your preferred deposit method and that of your eToro trading account, must match for the deposit to go through.

fund account

Step 4: Search for Litecoin

On the eToro user dashboard, click on the “discover” icon and from the list of supported asset classes provided, choose “Crypto.” Use the search menu to find Litecoin or simply look it up from the list of supported cryptocurrencies.

Step 5: Buy Litecoin

Hit the “Buy” option against Litecoin. A trading menu will immediately pop up. Use it to customize the trade by indicating the amount of LTC coins you wish to buy or the amount of cash you wish to spend on LTC.

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Sell Litecoin (LTC)

It is rather simple. Just log in to your eToro trading account - or the exchange where you bought your LTCs - and open a sell order. If you wish to sell the coins immediately and at the prevailing market prices, choose to open a market order. You also have the option of setting the sale price for your coins. In this case, open a limit order and decide the price for which the LTCs will be sold.

Bottom Line - Where To Buy Litecoin (LTC)

Buying Litecoin does not have to be complicated. The all-popular coin is already listed with virtually all the largest crypto trading platforms meaning there is no shortage of exchanges that list LTC globally.

Herein, we have discussed the three top exchanges to buy Litecoin in 2022. They all have oversimplified the crypto buying process, right from the client onboarding to supporting a wide range of deposit options. Just choose one and start buying and trading LTC.

And if you are new to crypto investing, we have introduced you to one of the best places to buy Litecoin - eToro - and provided with a comprehensive guide on how to start buying LTCs here. Simply register an account here and kick off the buying process.

eToro – The Best Place To Buy Litecoin

Open an account with eToro, deposit some funds with USD, and finally – buy LTC from just $10.

trade crypto on etoro

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs On Where To Buy Litecoin (LTC)

Should I buy Litecoin today?

Yes, you should consider buying Litecoin today because it is a resilient cryptocurrency whose value is expected to continue rising and reach new heights over the next few years.

How much do I need to buy Litecoin?

The minimum amounts needed to buy Litecoin in 2022 are dependent on your preferred crypto trading platform. For instance, eToro requires $10 while Crypto.com calls for a $20 initial deposit. The maximum, on the other hand, is dependent on such factors as your investing goals, risk tolerance, disposable incomes, trading experience, and investing strategy.

Will Litecoin ever recover?

Yes, the majority of analysts and investors are convinced that Litecoin prices will rebound and set aim for a new all-time high. The majority of analysts are confident that LTC will rise above its current all-time high and break above $500 within the next 5 years.

What is the best place to buy Litecoin?

Herein, we have discussed what we consider the three top exchanges to buy Litecoin in 2022. They all run user-friendly trading interfaces and have oversimplified the process of buying cryptocurrencies.

What will Litecoin be worth in December 2022?

The volatile nature of LTC prices and the unpredictability of the crypto industry makes it impossible for anyone to accurately tell what Litecoin will be worth in December 2022. The majority of analysts and investors are nevertheless convinced that Litecoin prices will continue rising and get back above $200 by December 2022.

Will Litecoin's price eventually break above $1000?

Yes, it is highly likely that Litecoin prices will rally and eventually break above $1000. However, they only expect the altcoin to get here over the medium to long term - probably after 2027.

buy litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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