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How to buy Litecoin

LTC

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. LTC is the native token of Litecoin. Litecoin's network offers instant, near-zero cost payments that can be conducted by individuals or institutions across the globe. It uses the proof-of-work (PoW) algorithm in order to secure their networks.You can buy and sell LTC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LTC for BTC the same way you trade CAD for USD. You can also trade LTC to CAD based on the LTC price. To learn how to buy Litecoin / LTC, scroll down to see how to buy Litecoin.

Litecoin is a cryptocurrency that was founded in 2011, two years after Bitcoin, by a former Google engineer named Charlie Lee. Litecoin has always been viewed as a reaction to Bitcoin. In fact, when Lee announced the debut of Litecoin, he called it the “lite version of Bitcoin.” However, Litecoin has some inherent advantages when compared to bitcoin. It was founded with the goal of prioritizing transaction speed, and this is a major reason for its popularity.

You may want to consider buying LTC if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Pay people anywhere in the world without an intermediary having to process the transaction

Enjoy some of the best Bitcoin features without making a high-value investment

Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online

Litecoin (LTC)

All prices are in USD.

How to buy Litecoin

LTC

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. LTC is the native token of Litecoin. Litecoin's network offers instant, near-zero cost payments that can be conducted by individuals or institutions across the globe. It uses the proof-of-work (PoW) algorithm in order to secure their networks.You can buy and sell LTC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LTC for BTC the same way you trade CAD for USD. You can also trade LTC to CAD based on the LTC price. To learn how to buy Litecoin / LTC, scroll down to see how to buy Litecoin.

Here’s how to buy Litecoin on Quick Trade

Buying Litecoin is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Litecoin, which trades as LTC. Based on when you think you can get a good LTC price, you should be able to trade LTC to CAD.

To buy Litecoin, simply follow these steps:

1

Sign up for a Quick Trade account and verify your identity

This is the first step to buying LTC. Verifying your identity helps us to properly connect your funds to your account.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select LTC from the list on the trade section

Quick Trade lets you trade LTC without leaving the app. You can also check the Litecoin stock price and convert LTC to CAD on the platform.

4

Select a currency you’ve funded and use it to check the LTC price

In the Quick Trade app, all currencies available to trade can be found in the drop down list.

5

Buy LTC

Congratulations! You’re now the proud owner of LTC. You can either HODL or use it to exchange LTC to CAD. To the moon!

Litecoin is a cryptocurrency that was founded in 2011, two years after Bitcoin, by a former Google engineer named Charlie Lee. Litecoin has always been viewed as a reaction to Bitcoin. In fact, when Lee announced the debut of Litecoin, he called it the “lite version of Bitcoin.” However, Litecoin has some inherent advantages when compared to bitcoin. It was founded with the goal of prioritizing transaction speed, and this is a major reason for its popularity.

You may want to consider buying LTC if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Pay people anywhere in the world without an intermediary having to process the transaction

Enjoy some of the best Bitcoin features without making a high-value investment

Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online

Where do I keep my LTC?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

Ready to add LTC to your portfolio?

Create your account, fund it with spare change and get a little bit of LTC.

Sign Up & Buy LTC

Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.

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