How to Buy Litecoin

Litecoin (LTC) cryptocurrency ranks at 15 place by capitalization. It’s 14 May 2024 on $5,871,489,785 year. Circulating supply: 74,531,496. Maximum supply – 84,000,000. The price of LTC for today – $78.69 with trading volume of $344,106,119 for 24 hours. The maximum price of Litecoin was registered on 10 May 2021 year and was – $410.26. The lowest price of LTC, $1.150, was registered on 14 January 2015.
Litecoin (LTC)
$78.69 -2.53% ↓
24h price change
-2.040 $
Capitalization
$5,871,489,785
24h trading volume
$344,106,119
on the official website

How to Buy Litecoin Price in USD: Convert to US Dollar

LTC
LitecoinLTCLitecoin
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USD
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on the official website
Data updated 5/15/2024

    Litecoin is a cryptocurrency created on the Bitcoin codebase, featuring fast and cheap transactions. Despite similar operating principles to Bitcoin, LTC offers several innovative solutions such as Segregated Witness and Lightning Network, which helped it to become the first to stay on the market and receive wide recognition as an altcoin. The coin is widely distributed and used on all popular platforms.

    How to buy Litecoin
    Litecoin’s site homepage

    What is Litecoin

    Litecoin was founded by crypto enthusiast Charlie Shea, who was following the development of Bitcoin and noticed that it was possible to fix some of the shortcomings in the work of the first cryptocurrency: low transaction speed and high cost.

    On October 7 2011 Litecoin’s white paper was published, and on October 11 the network launched.

    The coin gained popularity almost immediately and within two years it reached a capitalization of $1 billion.

    However, Litecoin is often criticized by the crypto community. Users of Litecoin reproach Charlie Shea for having a strong influence on the price of the coin with his statements and suspect that he is using this for speculation. In regard, Charlie Shea sold all his LTC in 2017, stating that it is more important to develop the coin than to pay attention to price fluctuations.

    Litecoin Founder Charlie Shea
    Litecoin founder Charlie Shea

    Where to buy Litecoin

    Litecoin is a widespread cryptocurrency, and you can find it on many crypto platforms (crypto exchanges, electronic payment systems and banks like Revolut). But the most profitable purchase option is exchanges: they have a large selection of buying methods (bank transfer, card purchase, P2P exchange, etc.).

    Also, large exchanges are often controlled by official regulators, have high liquidity, and provide the possibility to buy cryptocurrency with fiat money (USD, EUR, etc.).

    Instructions for buying Litecoin

    Buying Litecoin is easy, because in addition to a wide choice of platforms, cryptoservices strive to improve the interface, making them more user-friendly. One of the most profitable ways to buy is Binance exchange, which we will use as an example to consider buying LTC. Step by step instructions are below.

    Decide on the level of risk

    Before buying any crypto asset, it is important to determine the level of risk. Pay attention to the history and reputation of crypto projects. It’s important to invest wisely: trade with percentages of your deposit, don’t put all of your money in one asset, and don’t buy cryptocurrencies using money you can’t afford self to lose.

    Remember that investing in cryptocurrencies comes with high risks.

    Choose a crypto exchange

    Before buying a coin on the exchange you need to choose a suitable platform. To do this, you should familiarize yourself with the functionality and parameters of the exchange, read the reviews. You can also refer to our ranking of the best cryptocurrency exchanges for buying LTC.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    749.70
    2HTX
    HTX
    BTC trading volume, 24h
    393.24
    3OKX
    OKX
    BTC trading volume, 24h
    286.78
    4Bybit
    Bybit
    BTC trading volume, 24h
    232.33
    5WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    87.91

    Register an account

    LTC is a common coin and can be bought on many platforms. We will consider buying LiteCoin using Binance as an example. Binance is the most popular crypto platform, which is in the top in terms of trading volume.

    Detailed exchange rankings can be found on our website.

    To be able to buy a coin, you need to pass the registration process.

    For this you need:

    1. Go to Binance homepage;
    2. Press Register in the upper right corner;
      Join Binance Exchange
      Sign up on the Binance exchange
    3. Write an e-mail/phone number and specify a password → Create Account;
      Join Binance Exchange
      Sign up on the Binance exchange
    4. Follow further instructions.
    Detailed instructions can be found in the full review of the exchange on our website.

    Top up your account

    We will show you how to top up your account using Binance USD stablecoin as an example. To do this, follow the instructions:

    1. Click Wallet in the top right corner on official exchange site → Fiat and Spot;
    2. Type BUSD in the search field → Deposit;
    3. Top up on Binance
      Depositing on Binance
    4. Specify the transfer network → copy the address and paste it in your wallet/scan qr-code → specify the amount of Binance USD to buy cryptocurrency by → confirm the transaction;
    5. Top up on Binance
      Depositing on Binance
    6. Account is replenished;
    7. Follow further instructions.
    Detailed instructions on deposit replenishing can be found in the full review of the exchange on our website.

    Buy Litecoin (LTC)

    Buying Litecoin is a simple task. Follow the next instructions:

    1. Hover pointer over Trade → Spot;
    2. Find the pair LTC/BUSD in the search field;
    3. Buy LTC on Binance
      Buying LTC on Binance
    4. Select an order type, for example, Market → specify the amount of crypto you want to buy → Buy LTC;
    5. Buy LTC on Binance
      Buying LTC on Binance
    6. You have bought Litecoin.

    How to sell Litecoin

    Selling a coin is as easy as buying. For this:

    1. Hover pointer over Trade → Spot;
    2. Find the pair LTC/BUSD in the search field;
    3. Selling LTC on Binance
      Selling LTC on Binance
    4. Select an order type, for example, Market → in the Sell section, specify the number of coins you want to sell → Sell LTC;
    5. LTC selling on Binance
      Selling LTC on Binance
    6. You have sold Litecoin.

    Where to store LTC

    There are two main types of crypto wallets: “cold” and “hot”:

    • Cold wallets are better suited if you do not need to actively use crypto and trade it. They are very reliable, due to the fact that does not have a permanent connection to the Internet. One of the most popular options among cold wallets is Ledger;
    • Hot wallets are handy if you need to move or trade crypto frequently. There are different type of wallets: exchange wallets, mobile wallets (Trust Wallet) and browser wallets (MetaMask). They are less reliable than cold ones, because are constantly connected to the Internet, which means it’s easier to hack them.

    It is important to remember about two-factor verification, set a strong password, and set up other basic security rules.

    How to withdraw Litecoin to my wallet?

    We will look at LTC withdraw using the example of a bundle BinanceTrustWallet. To withdraw crypto from the exchange, you need:

    1. Hover pointer over Wallet → Fiat and Spot;
    2. Enter Litecoin → Withdraw into the search field;
    3. Withdraw LTC to wallet
      Withdrawing LTC to your wallet
    4. Find LTC in Trust Wallet → click Receive;
    5. Withdraw LTC to wallet
      Withdrawing LTC to your wallet
    6. Copy address that you got in wallet and paste it into Binance address field or scan QR-code → specify transfer network → enter number of coins to be transferred → Withdraw;
    7. Withdraw LTC to wallet
      Withdrawing LTC to your wallet
    8. Crypto transferred to the wallet.

    FAQ

    How to buy Litecoin?
    You can buy Litecoin on different platforms, for example, on the Binance exchange:

    1. Hover pointer over Trade → Spot;
    2. Find LTC/BUSD in the search field;
    3. Select order type, for example, Market → specify the amount you want to buy → Buy LTC.

    Where to buy Litecoin?
    Litecoin can be found on many crypto platforms: crypto exchanges, electronic payment systems and banks like Revolut. But the most profitable acquisition option is exchanges. Exchanges tend to have the best rate, a wide range of buying methods, great liquidity and the option to buy crypto by fiat.
    Should I buy Litecoin?
    Litecoin is still in the top cryptocurrencies, and interest in it does not fade away. It is likely that the project will exist and develop for a long time. However, when deciding to buy Litecoin, keep in mind the risks associated with investing in cryptocurrencies.
    Can I mine Litecoin?
    Yes, Litecoin works on the POW consensus algorithm, which means it is available for mining.
    Where to store Litecoin?
    It depends on your goals. If you are going to actively use cryptocurrency and trade, use wallets of a “hot” type of storage (for example, Trust Wallet or exchange wallets). If you need to store coins in a safe place for a long time, then you can turn to cold storage crypto wallets (for example, Ledger).
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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