Buying any cryptocurrency such as Litecoin can seem like a daunting task, especially if you are a beginner. But worry not! We are here to help you get started in a simple way.
If you want to buy LTC and are unsure of which crypto exchange to choose, you can start by checking out the most liquid trading pairs available. That's why we have narrowed it down on a list of the most liquid exchanges and their trading pairs, and some exchange options if you're worried about availability in your region.
Once you select a trading pair, you can create an account on your preferred exchange and be able to buy LTC. If you're just getting started in the cryptocurrency world and are unfamiliar with how trading and exchanges work, we suggest you take the time to read news and information about them, so you can make the best decision for yourself.
Here is a list of the top 4 liquid exchanges to buy Litecoin (LTC) on:
Unfortunately, none of these are available for US traders, that's why we've made a list down below with some options for investors in the USA as well as those in the EU, UK and Asia.
List of Recommended Top Exchanges for US Residents
List of Recommended Top Exchanges for EU/UK Residents
List of Recommended Top Exchanges for Asian Residents
Litecoin is a decentralized open source payment network, secured by mathematics, with fast transactions and improved storage efficiency, according to their website. LTC is a peer-to-peer currency based on Bitcoin's original source code, created to have transactions with lower costs.
Having so many similar features to Bitcoin, it's quite easy to understand how Litecoin works if you are already familiar with BTC. Their main differences are that Litecoin focuses on faster transactions and although it uses a proof-of-work mining system like Bitcoin, it uses a different algorithm.
Before you buy LTC you might be interested in comparing its price growth with Bitcoin or other cryptocurrencies over time, which you can do easily with our Crypto Compare tool.
Another important step you should take when buying LTC is creating an account in a cryptocurrency wallet, that allows you to store your data safely in order to make the transactions you need to handle your Litecoin.
There are four main types of crypto wallets out there: Hardware, desktop, mobile and web wallets.
Here, we have selected our top picks for each type of wallet to help you with your decision:
Litecoin Foundation Hardware Wallets: shop.litecoin-foundation.org