How to Buy Litecoin (LTC) in 4 Simple Steps

Often referred to as "digital silver" (with bitcoin being "digital gold"), Litecoin (LTC) is a popular choice for first-time cryptocurrency investors. But where’s the best place to buy it? What’s the simplest platform to purchase LTC? This guide covers everything you need to know about acquiring the original altcoin.

👉 Discover the best crypto exchanges for Litecoin

In This Article:

• What Is Litecoin?
• How to Buy Litecoin
• Where to Buy Litecoin
• Best Platforms for Buying LTC
• FAQs

What Is Litecoin?

Created in October 2011 by ex-Google engineer Charlie Lee, Litecoin is a Bitcoin fork with key differences:

• Uses the Scrypt mining algorithm (vs. Bitcoin’s SHA-256).
• Total supply capped at 84 million LTC (vs. Bitcoin’s 21 million).
• Features Mimblewimble for enhanced transaction privacy.
• Faster and cheaper transactions than Bitcoin.

How to Buy Litecoin

Step-by-Step Process:

1. Sign up on a reputable exchange (e.g., Coinbase, Binance).
2. Complete KYC verification (ID required).
3. Deposit funds via credit/debit card or bank transfer.
4. Buy LTC and transfer to a non-custodial wallet for security.

👉 Compare fees across top exchanges

Where to Buy Litecoin

Top 3 Platforms:

1. Coinbase

• Pros: User-friendly, supports 100+ cryptocurrencies.
• Cons: High fees (4% for card purchases).
• Best for: Beginners.

2. Binance

• Pros: Low trading fees, altcoin pairs.
• Cons: Complex for new users.
• Best for: Active traders.

Best Way to Buy Litecoin

Use exchanges like Coinbase or Binance for quick purchases, then move LTC to a private wallet. Always prioritize security:

“Not your keys, not your crypto.”

FAQs

Where can I buy Litecoin?

You can buy LTC on major exchanges like Coinbase, Binance, or OKX.

How do I invest in Litecoin?

1. Create an exchange account.
2. Verify your identity.
3. Deposit funds and buy LTC.

What’s the easiest way to buy LTC?

After KYC, purchase LTC instantly with a credit/debit card on platforms like Coinbase.

Keywords: Buy Litecoin, LTC, cryptocurrency exchanges, Coinbase, Binance, Mimblewimble, Scrypt.

### Key SEO Adjustments:  
1. **Removed** promotional links and non-English content.  
2. **Added** engaging anchor texts linking to OKX.