Top 5 Best Litecoin Exchanges, Reviewed for 2022

Best Litecoin Exchanges

If you are interested in dipping your toes into altcoins, owning some litecoin (LTC) is probably a good place to start. In this guide, you will find five of the best litecoin exchanges to help you get started.

Top Litecoin Exchanges

Below, you will find five of the best litecoin exchanges you can use to buy LTC today.

Crypto.com

Crypto.com is a digital asset exchange located in Hong Kong. Initially, the company used the name Monaco Technologies when it started operations in 2016. However, it rebranded to Crypto.com in July 2018.

The platform offers several products to its users. They include:

BTC, USDT, and CRO trading pairs. CRO is the Crypto.com native coin.
MCO Visa cards that allow holders to earn rewards in CRO.
Customers can earn interest on crypto they deposit in their accounts. Crypto.com delivers up to 6.5 percent interest per year on crypto and up to twelve percent per annum on stablecoins.
Users can get instant loans by depositing crypto. The exchange will not check your credit score or give you a repayment deadline.
Crypto.com offers a payment gateway for merchants, enabling them to receive payments in crypto.
A public blockchain.
You can send crypto at your desired speed and network fee by moving your holdings to the Crypto.com DeFi wallet.
A mobile app that allows users to buy, sell and pay with crypto.

The exchange supports a lot of cryptocurrencies besides litecoin. They comprise of bitcoin, ripple, binance coin, maker, comp, and Nano. Note that users in the US, Hong Kong, and Singapore should consult the website to view the unsupported cryptocurrencies.

Crypto.com accepts various payment methods depending on your country. For instance, you can use bank transfers if you are in Canada and SEPA if you are in Europe.

The maker and taker fees vary by 30-day trade volumes. Additionally, you can stake CRO and pay your trading fees in CRO to save money.

The minimum amount of LTC that you can withdraw is 0.05. Moreover, the withdrawal fee for this altcoin is 0.001.

Pros

A wide range of supported cryptocurrencies
Trading fees are low

Cons

It is not beginner-friendly
Account verification could take up to three days

Kraken

Kraken Kraken is one of the best litecoin exchanges. The San Francisco-based exchange has been operating since 2011.

You can buy and sell litecoin on this platform instantly or through trading pairs. That makes using the platform appropriate for both beginners and advanced users. Additionally, Kraken accepts credit and debit card transactions. However, it processes card transactions in Euros. Kraken also accepts bank transfers.

Besides buying and selling litecoin and other cryptocurrencies, you can also do the following on Kraken:

Users can access over the counter (OTC) trading when carrying out large volume trades.
Instead of allowing your crypto and fiat to lie idle in your Kraken account, you can stake it to earn rewards.
Advanced traders can use Kraken Pro on mobile phones to perform their trades.
You can boost your trades through margin trading.
Access to real-time cryptocurrency indices and spot rates to help you make accurate trades.

Kraken also supports bitcoin, basic attention token, curve, eos, melon, and yearn finance. In addition, the 30-day trade volumes have varying trading fees. When you trade large volumes, you will pay low fees.

Pros

High crypto liquidity
A wide range of trading pairs

Cons

Trading fees are high
Few payment options

Coinbase

Coinbase is another leading exchange that supports litecoin. On this platform, you can buy, sell, and store LTC, among other cryptocurrencies. Note that not all cryptocurrencies that Coinbase supports are available in all supported countries. Also, the available coins on Coinbase may not be available on Coinbase Pro for the supported countries.

Payment methods on Coinbase vary from country to country. For example, Singapore users with debit and credit cards can buy litecoin and other coins on Coinbase.

Coinbase also offers these products:

A trading platform called Coinbase Pro.
Digital asset custody for institutional clients. Coinbase Custody has secured an insurance policy for the stored assets.
An open financial system that allows merchants to receive crypto payments from anyone in the world.
Coinbase invests in companies developing the open finance system through Coinbase Ventures.
A brokerage platform called Prime.

The platform charges a spread of 0.5 percent on buy and sell transactions. On top of that, the exchange charges a fee, which is the greater of a flat fee or a variable percentage fee that varies by region, payment method, and product. The flat and variable percentage fees are available on the website.

Pros

Users can earn crypto as they learn.
You can check the operational status of the various services that Coinbase offers.
Customers can trade on the mobile app.
You can buy crypto instantly.

Cons

High fees.
Customers cannot access a live customer support agent.
The platform avails a few payment methods.

Bitpanda

Bitpanda is an Austria-based litecoin exchange that has been doing business since 2014. On this exchange, you can buy and sell litecoin and other coins such as bitcoin, pantos, iota, cosmos, and ontology.

Below is a list of the other services that Bitpanda offers:

Vouchers are accessible in more than 400 post branches and from about 1,350 post partners in Austria. Customers can redeem these vouchers for crypto online.
The ability to swap one digital asset for another instantly.
An ecosystem token (BEST) that enables users to earn rewards.
A payment feature that allows customers to pay their bills.
Bitpanda Plus. Clients wishing to trade large volumes can use this exclusive service.
A crypto index to help you with investment.
The chance to create a personal savings account for your crypto.

The payment methods available on Bitpanda are Sofort, Skrill, SEPA, Neteller, Zimpler, bank transfers, Mastercard, and Visa. The payment options you can use will depend on whether Bitpanda has verified your account or not.

The maximum maker and taker fees on Bitpanda Pro are 0.1 percent and 0.15 percent, respectively.

Pros

Bitpanda provides a wide range of services
Low fees
Easy to buy crypto

Cons

No live support
Inadequate fee transparency

LocalCryptos

LocalCryptos is an Australian peer-to-peer (P2P) marketplace that allows users to buy and sell litecoin. The exchange was formerly known as LocalEthereum and launched in 2017. Today, it is one of the best litecoin exchanges for international buyers.

Besides litecoin, the other supported cryptocurrencies include bitcoin, ether, and dash. Moreover, the platform supports many payment methods like WeChat, Alipay, gift cards, bank transfers, PayPal, and Mpesa. However, the accessible payment options depend on your location.

When you (maker) create an offer on LocalCryptos, you will pay a fee of 0.25 percent. On the contrary, the trader (taker) that accepts the offer will pay a fee of 0.75 percent. The exchange does not charge you when you withdraw from your wallet.

Here are the other services you can access on this platform:

A referral program to earn an extra income.
The ability to swap one cryptocurrency for another.
If you trade on the P2P platform Paxful, you can import your reputation to LocalCryptos.

Pros