How to Buy Litecoin
Netcoins is the easiest, most trusted way to buy Litecoin in Canada.
Litecoin was designed to process transactions faster than bitcoin.
Charlie Lee, an ex-Google employee, was a big fan of bitcoin. However, he thought he could make it better. He created Litecoin (LTC) as an alternative cryptocurrency (or ‘altcoin’) based on the original structure of the bitcoin blockchain.
Litecoin was designed to be quicker at processing transactions than bitcoin. It was created for everyday use, including small transactions like buying coffee. Today LTC remains in the top 10 cryptocurrencies by market capitalization, which ranges in the multiples of billions of dollars at any given time.
Buy Litecoin in 3 steps
Create an Account
Provide some personal details and get verified in minutes through our automated KYC process.
Fund (No Fees)
Fund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
Buy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity.
Rapid Transaction Times
0% Funding Fees
Free Cash Withdrawals
Fund and withdraw quickly. Buy and sell instantly. Get your money or crypto in and out easily.
Get verified at lightning speed with our automated KYC process. Get help from our support agents if needed.
Top Rated Support
Our support team is available over email, phone, and live chat to answer all your questions clearly and quickly.
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How much Litecoin can I buy?
You don’t need to buy 1 entire Litecoin to get started!
You can buy fractions of a Litecoin. In fact, the smallest possible unit of Litecoin is called a litoshi and is equivalent to 0.00000001 LTC (8 decimal places). Many beginners start their Litecoin journey by accumulating small amounts of litoshis.
You can start as small as $10, or invest up to $10 million with Netcoins.
Why buy Litecoin?
Litecoin stands as one of the earliest iterations of an alternative coin (altcoin) with a coding structure very similar to that of bitcoin.
Its creator, Charlie Lee, is the reason the project exists. The goal of Litecoin was to ultimately make transactions cheaper and faster than bitcoin. At the time it was invented, Litecoin transactions could be confirmed up to four times faster than bitcoin transactions.
Crypto purists still invest in Litecoin because of its brand name and its relatively early roots in the evolution of the altcoin market.
Some Litecoin Wallets:
Frequently Asked Questions
Why buy Litecoin?
People invest in Litecoin for three main reasons:
- Litecoin’s blockchain processes transactions faster than other projects
- Has high liquidity, with millions of dollars in trading volume flowing in its blockchain
- Its foundation is partnering with big names to push its adoption
Litecoin is so closely related to bitcoin that the project holds just enough cache to stay familiar and relevant to investors, regardless of what other altcoins are doing.
Are there any risks involved if i buy litecoin?
Cryptocurrencies like Litecoin are known to be volatile and the price fluctuates quite a bit on a day to day basis. What’s important to understand as well is to zoom out and look at the bigger picture.
If you do buy Litecoin, also remember to properly secure your account with Two Factor Authentication and follow security best practices!
How much litecoin should i buy?
Many beginners start off by dollar cost averaging in, which is the practice of putting in a set amount of money towards Litecoin in regular intervals (for example $100 every month).
Why is KYC (Verification) required?
KYC is a process that allows us to verify the identity of our customers, as per Canadian regulations.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process.
If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in Canada.
How can I fund my account?
Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy Litecoin in Canada.