How to Buy Litecoin (LTC): A Step-by-Step Guide

Introduction

When purchasing Litecoin, there are several factors to consider, including selecting an exchange to purchase it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges in the UK to assist you with the process.

Step-by-Step Guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in the United Kingdom and supports Litecoin trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
Nexo Litecoin (LTC) 78.64
PrimeXBT Litecoin (LTC) 78.54
YouHodler Litecoin (LTC) 78.48
Binance Litecoin (LTC) 78.59
BTSE Litecoin (LTC) 78.55
Kraken Litecoin (LTC) 78.5
View all 61 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Nexo Litecoin (LTC) 78.64
PrimeXBT Litecoin (LTC) 78.54
YouHodler Litecoin (LTC) 78.48
Binance Litecoin (LTC) 78.59
BTSE Litecoin (LTC) 78.55
Kraken Litecoin (LTC) 78.5
View all 61 prices
3. Fund Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the Litecoin Market
Once your account is funded, search for Litecoin (LTC) in the exchange's marketplace.
5. Choose a Transaction Amount
Enter the desired amount of Litecoin you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Purchase LTC" or equivalent button.
7. Complete Purchase
Your Litecoin purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
Nexo	Litecoin (LTC)	78.64
PrimeXBT	Litecoin (LTC)	78.54
YouHodler	Litecoin (LTC)	78.48
Binance	Litecoin (LTC)	78.59
BTSE	Litecoin (LTC)	78.55
Kraken	Litecoin (LTC)	78.5

Platform	Coin	Price
Nexo	Litecoin (LTC)	78.64
PrimeXBT	Litecoin (LTC)	78.54
YouHodler	Litecoin (LTC)	78.48
Binance	Litecoin (LTC)	78.59
BTSE	Litecoin (LTC)	78.55
Kraken	Litecoin (LTC)	78.5

What to Be Aware Of

When purchasing Litecoin, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your cryptocurrency to a hardware wallet. That way, no matter what happens to that exchange, your cryptocurrency is safe.

Latest Movements in the UK

Litecoin (LTC) is currently priced at US$90.78 with a 24-hour trading volume of US$662.62M. In the last 24 hours, Litecoin has experienced a decrease of -3.28%. The market cap of Litecoin stands at US$7.85B, with 75.4M LTC in circulation. For those looking to buy or trade Litecoin, Nexo offers avenues to do so securely and efficiently

Market capitalisation: US$7.85B
24-hour volume: US$662.62M
Circulating supply: 75.4M LTC

See the latest information

Frequently Asked Questions About Purchasing Litecoin (LTC)

What is Litecoin and how does it differ from Bitcoin?: Litecoin (LTC) is a peer-to-peer cryptocurrency created as a lighter, faster alternative to Bitcoin. While both are based on Bitcoin’s open-source code, Litecoin uses a different hashing algorithm (Scrypt) and aims for faster block generation, with a target block time of 2.5 minutes versus Bitcoin’s 10 minutes. This generally translates to quicker transaction confirmations and higher potential throughput. Litecoin also has a larger maximum supply (84 million) and a different emission schedule, which influences long-term scarcity. In practical terms, LTC is often used for everyday transactions and microtransactions due to its speed and lower fees, while Bitcoin remains a store of value for many investors. Always verify current network parameters on Litecoin’s official site before relying on specific metrics for trades or tax reporting.
How many Litecoins are in circulation, and what is the max supply?: As of now, about 76.76 million LTC are in circulation, out of a hard cap of 84 million LTC. This capped supply ensures a predictable scarcity over time, similar to Bitcoin. The supply schedule is algorithmically controlled, with new LTC minted as block rewards to miners. The block time target is 2.5 minutes, so new coins enter circulation at a relatively steady rate. Keeping track of circulating supply helps gauge inflation risk and long-term value prospects. For precise, real-time figures, check reputable trackers or Litecoin’s official communications.
What are the typical use cases for Litecoin today?: Litecoin is commonly used for fast, low-fee payments and transfers, especially for merchants and individuals who require quick settlement. Because of its short block times, LTC transactions tend to confirm faster than many other major cryptocurrencies, making it appealing for everyday purchases, remittances, or tipping content creators. Its protocol also serves as a testbed for new technology in the Bitcoin ecosystem due to its similar architecture. Investors often view LTC as a complementary asset to Bitcoin, providing diversification within a crypto portfolio. Always ensure you are sending to the correct LTC address and understand network fees before transacting.
What should I know about Litecoin’s price and market data for trading?: Litecoin trades under the ticker LTC, with a price that fluctuates based on supply, demand, and broader crypto market conditions. As of the latest data, LTC was trading around $69.04, with a 24-hour price change of about -2.11%. Daily moves can be volatile, so use proper risk management: set stop-loss orders, consider position sizing, and avoid overexposure. Liquidity varies across exchanges, so check trading volume, withdrawal options, and security practices on the platform you choose. For long-term investing, monitor metrics like circulating supply, upcoming network upgrades, and adoption by merchants or payment processors.
Are there any upcoming updates or roadmap items I should know about for Litecoin?: Litecoin’s development focuses on protocol improvements, security, and scalability. While specific roadmap items can evolve, notable themes often include test-and-ship cycles for improvements (such as privacy enhancements, protocol optimizations, or interoperability efforts) and ongoing security audits. To stay informed, follow Litecoin’s official channels and reputable crypto news outlets for announcements about hard forks, soft forks, or feature deployments. Before participating in upgrades, ensure your wallets and exchanges support the new version, and back up private keys to protect against potential network changes.