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How & Where to Buy Litecoin A Step-by-Step Guide to Buying LTC

Congratulations! You can buy Litecoin directly with cash at Gemini.

  1. Sign up at our one of our top-ranked Litecoin exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy LitecoinLTC

Read on for detailed instructions below on where and how to buy Litecoin and you will be a LitecoinLTC owner in no time at all.

  1. STEP 1Register at a LTC Exchange

    Best Litecoin (LTC) Exchanges

    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      44

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Litecoin LitecoinLTC quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy LTC with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for LTC.

Frequently Asked Questions About Buying & Selling Litecoin (LTC)

How do I Buy LTC with Crypto?

If you want to buy LTC with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Litecoin (LTC)?

To sell LTC, simply reverse the buying process described above. You will likely need to trade your LitecoinLTC into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Litecoin Research Center

Litecoin Technical Details & Statistics

Tokenomics
  • Market Rank13
  • Market Cap9,352,431,702
  • Circulating Supply66,752,415
  • Total Supply66,752,415 LTC
  • Max Supply84,000,000
Yesterday's Trading
  • 24 HR Volume1,844,532,175 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Litecoin?

Litecoin (LTC) is a peer-to-peer, open source cryptocurrency which is not governed by any central authority. It is widely regarded as the first “altcoin,” forked from bitcoin in 2011. Litecoin is very similar to bitcoin and shares many of its architectural features. It has some advantages over bitcoin like a faster block generation time (2.5 minutes) and the usage of the scrypt hashing algorithm, which gives it a degree of ASIC-resistance (it is harder to mine Litecoin using mining-specific hardware).

History of LTC

Litecoin was released in October 2011 by Charlie Lee, a former Google employee. In November 2013, Litecoin saw its first substantial increase in value.

In 2014, Litecoin version 0.8.7.1 was released. The upgrade removed some minor bugs and also countered the Heartbleed bug which made it possible to read data from a vulnerable client’s memory.

In May 2017, Litecoin adopted Segregated Witness, a new type of consensus layer, and also introduced Lightning Network, a superfast transfer protocol which allows for the transfer of Litecoins within one second.

How Litecoin Works

Litecoin works very similarly to bitcoin. Thus, to send a payment through the Litecoin network, the sender initiates a command to send the money specifying the address to which LTC is sent as well as the amount to be sent. This information is included in a block which is added to the Litecoin blockchain by miners.

Like with bitcoin, Litecoin miners are basically online ledger keepers who approve transactions, updating the Litecoin blockchain and being rewarded in the form of newly-minted LTC.

Once the transaction is approved by the miners, the amount is deducted from the sender’s wallet and is added to the receiver’s wallet. Litecoin charges a small fee for every transaction.

Why Litecoin?

Litecoin is basically a fork of Bitcoin. Thus, while many of the bitcoin features are inherent for Litecoin, some advantages of Litecoins are:

  • Faster Payment Processing: Litecoin blocks are generated after every 2 1/2 minutes, compared to 10 minutes for Bitcoin. Thus, the payments are processed 4 times faster and there is much less congestion in the network. It also leads to fewer failed transactions.
  • More Secure: Due to the lower block generation time, the risk of a “double spend” attack is much less in the Litecoin network. Moreover, Litecoin uses scrypt in its proof-of-work algorithm which makes it more secure than the SHA-256 protocol of Bitcoin.
  • Greater Total Amount of Coins: Litecoin network is slated to produce a total of 84 million coins, compared to 21 million of Bitcoin. Thus, Litecoin should be more stable as the supply doesn’t become scarce. This keeps inflation of coins at bay.
  • Lightning Network: Using an approach developed by Vertcoin, Litecoin has implemented the Lightning Network on a greater scale than bitcoin. The Lightning Network is arguably the fastest coin transfer protocol that exists. Using the Lightning Network, transfers can be completed within 1 second.
  • Segregated Witness: Using Segregated Witness, or SegWit, Litecoin removes some of the problems originating from block size limitation. Thus, there is less clogging of transactions in the Litecoin blockchain and transactions are faster, without compromising security.