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How to buy Litecoin(LTC) Guide

Updated on:  2023/12/04 18:36:27(UTC+0)
Coin rating
4.6
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Are you interested in purchasing cryptocurrency but unsure about the process? Don't worry! Bitget provides numerous options to assist you. With Bitget, you can effortlessly buy Litecoin (LTC) with the utmost security and lowest fees. Begin your seamless journey of purchasing your first Litecoin using Bitget today!
1

Buying Litecoin on Bitget

Create a free account on the Bitget site or app.

Your Bitget account acts as a gateway to buying crypto. But before you can buy Litecoin (LTC), you’ll need to open an account and verify your identity.
Register via the Bitget app for iOS or Android
Register via the website using your email or mobile number
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Register via the Website using your Email or Mobile Number
2

Choose how you want to buy the Litecoin (LTC) asset.

Click on the Buy Crypto link on the top left of the Bitget website navigation, which will show the available options for Litecoin in your region. Bitget offers several purchase options:
Hint: To have a wider variety of payment methods, you can consider buying a stablecoin like USDT first and then use that coin to buy Litecoin (LTC) on the spot market.
3

Explore the available options now:

Option 1 — Debit/Credit Card: If you are a new user, this is the easiest option for buying Litecoin. Bitget supports both Visa and Mastercard.
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How to Buy Crypto using Debit - Credit Card
Option 2 — P2P Trading With 0 Fees: P2P trading enables direct transactions between private buyers and sellers, eliminating the need for intermediaries. This method provides a convenient and cost-effective way to buy cryptocurrencies. Explore the P2P trading feature to take advantage of zero-fee Litecoin and other crypto purchases.
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Buying Crypto via P2P
Option 3 — Third-Party Payment: Buy crypto from a third-party provider. The supported third-party service providers include Mercuryo, Xanpool, and Banxa. Bitget has carefully selected a number of service providers with trusted industry reputation, popularity, and security to provide users with streamlined services.
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How to Deposit EUR & GBP Using SEPA
4

Complete the purchase of Litecoin

Check the payment details or fees for your selected purchasing method. If they suit you, follow our user-friendly buying process on our app or website.
Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Litecoin Price Page and bookmark them to stay updated!
Litecoin
LTC / USDT
$72.80
+1.26
+1.80%24H
The live Litecoin price today is $72.80 USD with a 24-hour trading volume of $922035.14 USD. We update our LTC to USD price in realtime. LTC is 1.80% in the last 24 hours.
Are you planning to buy LTC?
See if other users are buying LTC:
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A welcome pack of 1000 USDT for new Bitgetters!
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Bitget: Where The World Trades Litecoin

Seamlessly blending cutting-edge technology with user-friendly design, Bitget offers a secure platform for buying Litecoin and taking advantage of its unparalleled potential. With top-tier security features, including robust encryption and cold storage solutions, your investments are safeguarded at every step. Experience the thrill of trading with high liquidity, enabling smooth transactions and precise execution. Our intuitive interface empowers both new and experienced traders to harness the power of crypto, while our responsive customer support ensures you're never alone on your journey. Benefit from competitive fees, comprehensive educational resources, and a range of services that cater to various trading strategies. Join Bitget today, and embrace the future of digital finance with confidence.
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Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

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Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Litecoin instantly.

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Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

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Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

Trade smarter

A welcome pack of 1000 USDT for new Bitgetters!

What to Do After I Buy Litecoin

Now that you've secured your share of the digital revolution, it's time to take the next steps. Whether you're a seasoned investor or just starting out, explore our advanced trading features, like margin trading and futures trading, to amplify your potential returns. Keep an eye on the market through our intuitive interface and real-time charts, helping you seize opportunities as they arise. Consider staying ahead of market trends with Bitget's insightful educational resources, providing you with the knowledge you need to make informed trading decisions. Your crypto journey has just begun. With Bitget, you're positioned to navigate the exciting world of cryptocurrencies with confidence. And remember, our dedicated customer support team is here to assist you on your journey, addressing any queries you might have.
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Store/Hold Litecoin

Many users hold on to their Litecoin with the expectation of it increasing in value. You can store your LTC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.

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Trade Litecoin

You can trade Litecoin for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Litecoin trading to meet your needs.

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Send Litecoin

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Litecoin online and send to anyone and anywhere with their Litecoin address.

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Spend Litecoin

You can also buy goods and services with your Litecoin. More and more vendors and retailers accept Litecoin every day.

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Donate Litecoin

Bitget Charity accepts Litecoin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Litecoin so no one misses out on the growth made possible by blockchain.

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Learn More About Litecoin

You can read more in-depth articles on Litecoin from Bitget Research and study how cryptocurrencies like Litecoin work on Bitget Academy

Or still haven't decided if you want to buy Litecoin?

Maybe you just need to know more about it. Let us briefly guide you through the most interesting Litecoin facts from our Bitget Academy articles. Learn why people buy Litecoin today!

What is Litecoin (LTC)?

Litecoin is a decentralized open-source blockchain and is widely considered the first successful alternative coin (or altcoin) in the market. Technically, Litecoin was not the first altcoin to exist in the market; there were many that came before Litecoin, but all of them died soon because they were not convincing enough so that crypto users could adopt them en mass. Launched in 2011, Litecoin has the aim to be “the silver to Bitcoin’s gold”. Though whether the goal of Litecoin is achieved is up for debate, it is no doubt among the biggest cryptocurrencies by market capitalization.

Litecoin was a hard fork from Bitcoin that was created to remedy the shortcomings of the original. The major differences of Litecoin are that

(1) it was fairlaunched,

(2) block is generated in less time,

(3) total supply of token is increased,

(4) different hashing algorithm, and

(5) different GUI (graphic user interface).

These technical improvements lead to faster speed, lower fee, and more accessible for the masses.

Regarding the creator of Litecoin, he is an MIT graduate and former Google engineer, Charlie Lee. Lee invented Litecoin as “mainly a fun side project” and got a job at Coinbase not long after. However, in 2017, he quit Coinbase to work on Litecoin full-time.

How Litecoin (LTC) Works

Litecoin is one of the few popular cryptocurrencies that still use the PoW consensus algorithm because PoW is often criticized for huge energy consumption, low speed, and lack of scalability. Yet, the PoW consensus of Litecoin is quite different. Instead of using the SHA-256 hashing algorithm of Bitcoin, Litecoin implements a different hashing algorithm called Scrypt. It has a special time-memory trade-off to enhance the decentralization in mining and avoid the situation where a few miners with better computing power claim too many tokens. Basically speaking, a miner can increase speed while having to use more memory, or they can use less memory while doing more work and taking longer. This means that it would cost either a lot of time or a lot of resources to perform operations on Litecoin, thus making a large-scale attack much less likely. In fact, Litecoin has not had any major exploits.

Moreover, this inherent time-memory compromise of Scrypt allows easier mining for those with limited computing power. In Litecoin, custom hardware does not necessarily have the edge over non-custom hardware. For example, mining Bitcoin with a GPU is twenty times faster than with a CPU (a more general-purpose hardware), while mining Litecoin with a GPU is only ten times faster than with a CPU.

Other than the fundamental difference in hashing algorithm, Litecoin has each block added every 2.5 minute instead of every 10 minute like Bitcoin. This means that transactions of Litecoin are technically processed four times faster than in Bitcoin.

How Many LTC Tokens Are There in Circulation?

The main token of the Litecoin network has the ticker LTC. This token has a total supply of 84,000,000 to ensure that the last LTC is mined at the same time as when the last Bitcoin is mined. At the moment, there are 71,224,181.28 LTC in circulation.

LTC implements a halving mechanism to control inflation. Yet to make Litecoin’s halving event happen at roughly the same time as Bitcoin's, 840,000 blocks must pass before each halving event on Litecoin while the number is 210,000 on Bitcoin. LTC has gone through two halving events, the first one in 2015 and the second one in 2019. At the beginning, each block rewarded 50 LTC, then decreased to 25 LTC and 12.5 LTC after each halving. Currently, the reward for mining is 12.5 LTC per block. The next halving event of LTC will happen in 2023 and the mining reward per block will be reduced to 6.25 LTC then.

How to Buy Litecoin (LTC)

Consider investing in Litecoin (LTC)? It only takes 2 minutes to create an account on Bitget and start trading LTC.

Check out the available LTC trading pairs on Bitget!

Futures Market

LTCUSDT

LTCUSD

Spot Market

LTCUSDT

LTCUSDC

LTCETH

Litecoin Resources

Whitepaper

Website

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How to buy Litecoin(LTC) Guide

FAQ
How do I purchase Litecoin?
Nowadays, you can purchase and store Litecoin hassle-free on a CEX like Bitget. You can use your debit/credit card, bank transfer, or perform peer-to-peer trading to buy Litecoin. You can easily do it on your computer, tablet, iOS, or Android.
Can I buy US$1 worth of Litecoin?
In theory, Litecoin can be divided and bought in an amount that is worth US$1, but on Bitget, the minimum order amount on the spot market is limited to US$5.
Can I buy US$10 of Litecoin?
Yes, can be divided and bought in an amount that is worth US$10. On Bitget, the minimum order amount on the spot market is limited to US$5.
Where else can I buy Litecoin?
If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.
Where is the best place to buy Litecoin?
The best place to buy Litecoin is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.
Should I buy Litecoin right now?
You should make a decision on purchasing or investing in Litecoin or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.
Cryptocurrency investment activities, including actions done to buy Litecoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Litecoin instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Litecoin purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.