Buying Litecoin in Canada is now easier than ever with more trustworthy Canadian specific options and more international exchanges offering options to Canadian residents.
This article will walk you through how to buy Litecoin (LTC) and other cryptocurrencies from any province of Canada.
Things To Consider Before Buying Litecoin In Canada
Before you get started, there are a few things to keep in mind when buying Litecoin in Canada. These are important so that you can choose both the right time and the right service for your Litecoin purchase.
Market Position: Obviously, this is a big factor when investing in an asset. Maybe even more if you buy Litecoin. It is subject to greater price fluctuations than, for example, investments in stocks. In this case, you want to know fully the market price at the time of purchase.
Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you are using to purchase your Litecoin. Always check all fees and charges before making a purchase.
Service Reputation: While all of the services we have selected are some of the most trustworthy, you should be aware that not every Litecoin sales platform is this reputable. You can reduce your risk by making sure you do your own due diligence.
Top Places to Buy Litecoin (LTC) and Crypto in Canada
Coinberry makes it easy to access Litecoin in Canada with no fuss and quickly buy or sell the asset through the easy-to-use platform. Coinberry has been around since 2017 and has a number of very trustworthy partnerships that have given them a solid reputation for cryptocurrencies. You are also registered with FINTRAC as a Money Services Business (Financial Transactions and Reports Analysis Center of Canada), which provides an additional level of trust.
You can open your account here in no time and have KYC verified and Coinberry also ensures the best possible price environment for buying or trading your Litecoin and the other supported assets. With no deposit or withdrawal fees and a 0.5% trading fee, they are one of the cheapest services where you can buy Litecoin in Canada using your debit, credit card, wire transfer or Interac wire transfer. However, you should note that as a market maker you will apply a spread on the asset.
Overall, Coinberry offers a safe, super convenient, and trustworthy service at a competitive low cost.
They also offer: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Bitcoin Cash (BCH) and Stellar Lumens (XLM).
Read our Coinberry review or visit Coinberry.
Paybis operates a very trusted cryptocurrency buying platform where you can buy Ripple and a range of other cryptocurrencies using just your credit or debit card. They have been around since 2014 and have helped hundreds of thousands of people make cryptocurrency purchases.
The service is extremely easy to use and it only takes about 15 minutes to sign up for the first time. This includes full KYC checks for your security and setting up a third-party wallet which is required as Paybis only facilitates the transaction.
You can quickly sign up with Paybis and buy Litecoin from Canada and 100+ other countries at competitive fees that are competitive depending on the payment methods you use. They also offer an excellent support system and detailed step-by-step instructions on how to complete your transactions. That convenience and level of confidence made it one of the first choices in Canada and around the world.
They also offer: They also offer: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Bitcoin Cash (BCH) and Stellar Lumens (XLM), Tether (USDT), Binance (BNB), Neo (NEO), Tron (TRX).
Check out our full Paybis review or go straight to Paybis to buy Litecoin.
Binance is one of the largest and most famous cryptocurrency exchanges in the world. They accept residents from all Canadian provinces except Ontario. As a Canadian trader, you can also buy Litecoin with Binance. There are slight differences when it comes to using exchanges like Binance instead of buying your Litecoin directly as you can through the other services mentioned.
The main differences are that when you buy from Binance, you can also buy from other traders in the market through the exchange. This can add great value to you in terms of both price and cost. Binance charges between 1% and 3.5% for direct Litecoin purchases with your credit, debit card, or bank transfer. However, if you want to buy Litecoin with a different cryptocurrency, the fee from other traders on the exchange can be as low as 0.1%.
Getting started is just as easy. All you have to do is register with Binance and complete the KYC checks carried out there. For direct Litecoin purchases, they work with Simplex as the payment provider, who also ensures that your transactions remain safe and secure. It shouldn’t take more than a few minutes to complete your Litecoin purchase from Binance.
They also offer over 100 of the most popular cryptocurrencies. If you are looking to buy altcoins including Binance (BNB) this is a great option.
Ontario residents are prohibited.
For more information, check out our Binance Review or go straight to the Binance exchange to sign up and start trading. Use discount code: EE59L0QP a. claim 10% cashback on trading fees.