Litecoin, also known as "the silver to Bitcoin's gold", is a unique cryptocurrency created by Charlie Lee in October 2011. It emerged shortly after Bitcoin and has gained popularity among both newcomers and seasoned users of digital currencies. If you're considering adding Litecoin (LTC) to your portfolio, this guide will show you how to buy Litecoin (LTC) with a credit or debit card.

What should I know before I buy LTC coins?

Litecoin, as one of the earliest cryptocurrencies, has gained significant support from the crypto community and has high merchant adoption rates. It is often considered one of the most popular Bitcoin forks to date. Litecoin has been instrumental in developing technologies such as Lightning Network and Segregated Witness, which Bitcoin later adopted. 

Trade Litecoin NOW
 

When considering whether to buy Litecoin with a debit card, it is essential to thoroughly research the current market conditions and the potential future of Litecoin. Like other cryptocurrencies, Litecoin can be volatile, so timing your entry points and purchases is crucial for both short-term and long-term investors.

Litecoin (LTC) is a cryptocurrency known for its fast and low-cost transactions, eliminating the need for intermediaries. It was one of the early altcoins in the crypto market, launching in October 2011. Like Bitcoin, Litecoin is a Bitcoin fork primarily used for international transactions. However, there are notable differences between the two. Litecoin uses a different mining algorithm to counter specialised mining equipment, resulting in a shorter average block time of 2.5 minutes compared to Bitcoin's 10 minutes. Litecoin has a maximum supply of four times larger than Bitcoin.

Litecoin has pioneered technologies like the Lightning Network and Segregated Witness, which have since become part of the Bitcoin network.

How can I buy Litecoin instantly with StormGain?

If you wonder, "What is the best place to buy cryptocurrency?' StormGain should be the answer. 

Our guide will focus on exchanges that allow you to purchase Litecoin with traditional currency. Buying Litecoin with StormGain is incredibly simple. After registering an account, which only takes a few seconds, you can buy crypto with a credit card/debit card. The fees and terms offered are highly competitive.

StormGain's step-by-step guide to buying LTC

This is how you can buy cryptocurrency on StormGain in only 6 steps: 

1. Get an LTC wallet. StormGain automatically provides one for you, so there is no need to worry.
2. Register an account on StormGain. This process is quick, easy, and doesn't involve lengthy security checks.
3. Purchase Litecoin with your credit/debit card. Open the StormGain app, sign in, click the "DEPOSIT" button, and choose Fiat as the payment type.
   
4. Select Litecoin (LTC) as the cryptocurrency you want to buy.
5. Enter your card details as you would for any other transaction, and click Pay. Rest assured, StormGain is completely secure.
6. Now that you have your Litecoin, you can hold it for a guaranteed annual return of at least 10% (Interest on Deposits Scheme) or trade with leverage up to 1:200 to take advantage of market fluctuations.

Register on StormGain Now
 

Litecoin wallets. Where to keep LTC

Here are some recommended crypto wallets for storing Litecoin:

LiteWallet

LiteWallet is the official wallet for Litecoin, developed by the Litecoin Foundation. It offers a user-friendly interface, advanced security measures like two-factor authentication, and compatibility with other cryptocurrencies. It allows users to store, send, and receive LTC without verification.

Trust Wallet

Trust Wallet, the official wallet of the Binance exchange, is a popular option for novice and experienced users. It offers an intuitive interface, supports over 4.5 million digital assets and 65 blockchain networks, and allows users to earn interest on their investments through staking.

Exodus

Exodus is a non-custodial wallet that supports Litecoin and other cryptocurrencies. It provides users complete control over their private keys, is compatible with multiple devices, and offers in-built token swaps for seamless cryptocurrency trading. It also features a variety of safety measures and a knowledge base for users.

Trezor

Trezor wallets, including the Model T and Model One, are beginner-friendly options that offer top-tier security. They are easy to set up and use, allow users to purchase and exchange Litecoin and other tokens directly through the wallet application, and feature a large display for easy navigation.

Guarda Wallet

Guarda Wallet is a highly secure crypto wallet that supports Litecoin and other digital assets. It offers a user-friendly interface, excellent customer support, and various features for managing and earning interest in digital assets. While it charges transaction fees for in-app purchases, it allows customisable fees for users.

Register on StormGain Now
 

Where else can I buy Litecoin (LTC)?

Trade NOW
 

If you're wondering where else you can buy Litecoin (LTC) with a debit card besides StormGain in the UK, a few alternative options are available. While some exchanges like Binance have low commission rates, they mostly don't accept fiat currency. To provide a fair comparison, our guide will only focus on exchanges, allowing you to buy Litecoin with a debit or credit card.

Kraken

Kraken offers a user-friendly and secure platform where you can buy crypto, ensuring ease and safety in crypto transactions. With the flexibility to buy LTC for as little as $10, thanks to Litecoin's divisibility, Kraken accommodates users of all investment sizes, accepting payments via credit card or bank account through the Kraken app. Your account's capabilities are determined by your verification level, conveniently accessible by signing in, clicking your name in the upper right, and selecting "Get Verified," where your current verification status, whether pending or verified, is highlighted. 

Kraken fees: 

• Stablecoin fees begin at 0.9% and increase to 1.5% for other cryptocurrencies. 
• If you use a debit or credit card, there is an extra 3.75% fee, while an ACH transfer incurs a 0.5% fee.

Binance

Binance is a centralised cryptocurrency exchange platform where you can buy cryptocurrency. It offers the convenience of purchasing Litecoin (LTC) and a variety of other cryptocurrencies. With support for both Visa and MasterCard, users can easily acquire LTC with their preferred payment method. Once acquired, you can store your Litecoin in a personal crypto wallet for added security or keep it within your Binance account. Additionally, Binance provides options for active trading, allowing you to exchange your Litecoin for other cryptocurrencies and passive income generation through Binance Earn. If you're considering transferring your Litecoin to a decentralised exchange, you may want to explore Trust Wallet, a platform that supports a wide range of assets and blockchains.

Binance fees:

• Fees starting at 0.6%
• Fees of 0.5% for instant buys 
• Debit card fees of 3.75%

Coinbase

Coinbase.com provides a straightforward and user-friendly platform to purchase Litecoin (LTC). Coinbase offers multiple approved payment methods to buy crypto now, including bank accounts, debit cards, and wire transfers, allowing users to choose the best option. Unlike StormGain, credit cards cannot be used for purchasing Litecoin on Coinbase.com.

Coinbase fees: 

• Instant buys – 3.99% + $0.10 withdrawal fee
• Standard buy and sell – $1.49 + $0.10 withdrawal fee

Cex.io

CEX.IO is a regulated cryptocurrency exchange available in almost all countries. If you are looking for where to buy crypto and enjoy a wide range of crypto services, including staking, savings, and loans, it should fit your needs. It offers great convenience by supporting crypto purchases with credit and debit cards, allowing users to diversify their payment methods. Additionally, it accepts various fiat currencies for crypto transactions. Apart from card payments, users can easily deposit and withdraw fiat funds through international SWIFT transfers or domestic methods like ACH, SEPA, and Faster Payments. The platform also supports online wallets like Skrill and Epay, adding flexibility. This makes CEX.IO an ideal platform for acquiring Litecoin (LTC) and participating in various cryptocurrency activities.

CEX fees:

• Visa payments – 3.5% + $0.25 deposit fee and $3.80 withdrawal fee
• MasterCard – 3.5% + $0.25 deposit fee and a 1.2% + $3.80 withdrawal fee
• Crypto Capital – only 3% withdrawal fee
• Bank transfers – free of charge

Trade NOW
 

What is the best place to buy cryptocurrency?

Now, let's draw the line and compare the exchanges where you can buy Litecoin with a debit card/credit card in a table. 

What can I do with Litecoin after I buy it?

After purchasing Litecoin, there are several options available to you:

• Store LTC. Many users choose to hold their Litecoin cryptocurrency on their CEX.IO balance, anticipating an increase in its value over time.
• Trade LTC. You can engage in crypto trading, taking advantage of the price volatility of Litecoin.
• Transfer LTC. Once you have purchased LTC on CEX.IO, you can securely and affordably send it to your external crypto wallet.
• Pay with LTC. Numerous merchants accept Litecoin as a payment option, allowing you to use your purchased crypto to pay for various goods and services.

Trade Litecoin NOW