How to Buy Litecoin

(LTC)

What is Litecoin (LTC)?

Litecoin was founded in 2011 by Charlie Lee – A Google engineer. Lee's main aim was to create a lighter version of Bitcoin that enabled faster and more efficient transactions. The underlying mechanisms are similar to Bitcoin. It uses a peer-to-peer network that connects users with each other so that they can send and receive money without the need for intermediaries.

Like Bitcoin, Litecoin also happens to be a deflationary currency and is capped at 84 million. To keep the circulating supply under control, the protocol goes through reward halving every 4 years or 840,000 blocks, until the reward goes down to 0. Litecoin is also known for its willingness to support new technologies. In particular, Litecoin was one of the first protocols to host Lightning Network, SegWit, and Atomic Swaps.

What can you do with Litecoin?

Send Litecoin To Your Friend

Litecoin's main utility is to be a mode of transaction over the internet. As long as a user has a Litecoin wallet, they can receive and send LTC to anyone in the world. Two wallets can interact directly with each other without having to go through an intermediary.

Hold Litecoin

Many people buy Litecoin for profit expectations and benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Trade Litecoin

Use our SmartPay to instantly convert your Litecoin to another coin of your choice in one set. Or, convert your Litecoin to USDC/BTC/ETH, transfer them to an altcoin exchange/DEX and buy other coins.

Buy With Litecoin

Litecoin's main purpose is to enable swift and efficient transactions. There are many vendors and merchants around the world that accept LTC for their products.

Donate Litecoin

There are multiple charities around the world that accept Litecoin as a donation. Being a global, public cryptocurrency, anyone anywhere can donate to a cause that they believe in (provided they accept LTC). Plus, you can use the blockchain's transparency to closely trace your LTC.

Learn More About Litecoin

Do you want to learn more about Litecoin and other cryptocurrencies? You can access multiple guides and articles in our GetSmart hub.

Steps to Buying Litecoin

Purchase Litecoin with Credit Card

Buy Litecoin via instantly funding your CoinSmart account with your credit cards. Fees up to 6% are applicable.

Purchase Litecoin with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to fund your account on the same day and buy LTC and other cryptocurrencies.

Purchase Litecoin with Other Cryptos

Use SmartPay to purchase LTC in one step with other cryptos. SmartTrade allows you to instantly buy and sell Litecoin and other cryptocurrencies.

Why Buy LTC
on Coinsmart?

Trade safely with our powerful security

CoinSmart enforces Google 2FA and Email Withdrawal Confirmations to access user accounts and withdrawals. CoinSmart user funds are covered by BitGo to ensure protection in the event of a hack. Plus, we provide the safest crypto asset trading environment for our users by following cybersecurity best practices.

Jargon-free,
Complication-Free

CoinSmart takes the complications out of trading with its simplicity-first approach. Each and every step of the registration and account creation process has been thoroughly simplified. Along with this, CoinSmart provides 24*7 client service to guide you every step of the way.

Buy Litecoin on the go

Now buy Litecoin and other cryptocurrencies on the go via CoinSmart’s mobile trading app. The app is available on both Android and IOS. The app has an intuitive and simple-to-use user interface that removes the complications out of crypto trading.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk