Litecoin (LTC) is the fifth-largest cryptocurrency network, with a market capitalization of over $5bn. It was forked from Bitcoin (BTC) in late 2011 and is designed to be quicker and cheaper to transfer.
In 2020, it’s possible to get Litecoin (LTC) in lots of places at competitive rates directly with GBP.
But it’s still easy to get ripped off.
In this post, I’ll show you the cheapest way to buy Litecoin (LTC) in the UK with GBP with a UK bank transfer, a debit card, a credit card, or any other payment method.
Overview: Cheapest Way to Buy Litecoin
Don’t care about the details?
Here’s an overview of the cheapest places to buy Litecoin (LTC) in the UK with the 3 most popular methods.
|Best Provider||Payment Method||Fees||Website|
|Crypto.com||UK Bank Transfer||0%||Official Website|
|Binance||Bitcoin (BTC) & Altcoins||0.1%||Official Website|
|Coinbase Pro||UK Bank Transfer||0.5%||Official Website|
|Wirex||Debit & Credit Card||2.5%||Official Website|
Don’t like the options above?
Here are some other places you can buy Litecoin (LTC) with GBP in the UK.
They’re not the cheapest options, but many people prefer the buying experience (and customer service) offered by these options.
|Coinbase||UK Bank Transfer||1.5%||Official Website||Coinbase Review|
|Solidi||UK Bank Transfer||3%||Official Website||Solidi Review|
|Bittylicious||UK Bank Transfer||4%||Official Website||Bittylicious Review|
|BC Bitcoin||UK Bank Transfer||4%||Official Website||BC Bitcoin Review|
|Coinbase||Debit & Credit Card||4%||Official Website||Coinbase Review|
|CoinCorner||Debit & Credit Card||5%||Official Website||CoinCorner Review|
|BitBargain||UK Bank Transfer||6%||Official Website||-|
This post is about how to buy Litecoin (LTC) directly with GBP in the UK.
If you want to buy Litecoin (LTC) with Bitcoin (BTC), then you’ll want to check out this guide to learn the best places to buy Bitcoin (BTC) in the UK.
Once you have Bitcoin (BTC), you can exchange it for Litecoin (LTC) in loads of places.
Here are just a few options:
Best Ways to Buy Litecoin in the UK
#1: Buy Litecoin with a Bank Transfer: Crypto.com
Crypto.com is pretty awesome.
Without a doubt, the cheapest way to buy Litecoin (LTC) in the UK is via the Crypto.com app. Compared to using cryptocurrency exchanges like Coinbase Pro, it’ll be a lot easier to get your head around if you’re a beginner.
It also tends to be just as quick as alternatives. That’s because Crypto.com support the Faster Payments Service (FPS), which means that you can transfer GBP to Crypto.com and have it credited within hours.
Once you’ve deposited GBP into Crypto.com, you can use your balance to buy Litecoin (LTC) at the real exchange rate without paying any fees (which is quite insane). There’s nothing hidden in the exchange rate (I’ve checked many times) and there are no other fees.
Crypto.com is now my preferred option for buying (and selling) loads of cryptocurrencies because of how quick, easy, and insanely competitive it is.
But it’s more than just another place to buy and sell cryptocurrencies. Here are some highlights:
- They have one of the best crypto debit cards on the market (the MCO Visa Card), which offers excellent cashback.
- Buy gift cards for loads of popular brands with your cryptocurrency balance (and get a % bonus for doing so).
- Lend your cryptocurrency and get competitive interest.
Find out more in my full review, or just download the app now.
#2. Buy Litecoin with a Bank Transfer: Coinbase Pro
Coinbase Pro (previously GDAX) is another cheap way to buy Litecoin (LTC) in the UK.
Coinbase Pro was the 1st major cryptocurrency exchange to accept GBP deposits through the UK Faster Payments Service (FPS). This means deposits to Coinbase Pro will usually be credited in less than an hour! After your first deposit, I found that Coinbasde Pro processed my GBP deposits within minutes.
On Coinbase Pro, you can buy Litecoin (LTC) at the REAL market rate while incurring barely any fees. You’ll pay just fees of just 0.5%, regardless of whether you’re a market maker or a market taker.
You can withdraw your Litecoin (LTC) from Coinbase Pro for free too.
A market maker is someone who provides liquidity to markets.
This is done when you submit a limit order (buy or sell) on Coinbase Pro (or other cryptocurrency exchanges) that doesn’t immediately fill. These orders sit on the order book and prevent wild fluctuations in cryptocurrency prices. For this reason, market makers are incentivized by reduced fees on exchanges.
When you submit a market order (buy or sell) on a cryptocurrency exchange that immediately fills, you are a market taker. For this added convenience, you’ll pay a slightly higher fee than market makers on some exchanges.
Coinbase and Coinbase Pro (formerly GDAX) are owned by the same company. When you create a Coinbase account, you’ll able to use your Coinbase credentials to access Coinbase Pro.
Coinbase is a popular cryptocurrency broker which is intuitive, easy-to-use, and perfect for beginners. You can buy supported cryptocurrencies with a debit card, credit card, and UK bank transfer on Coinbase.
Coinbase Pro is a cryptocurrency exchange targeted at cryptocurrency traders. The fees on Coinbase Pro are lower (up to 0.5%) than on Coinbase (at least 1.5%), but it can be intimidating if you’ve never used something like it before.
In the long-term? It’s worth learning to use Coinbase Pro. Once you’ve used it a few times, you’ll probably prefer it over Coinbase – I know I do!
#3. Buy Litecoin with a Debit or Credit Card: Wirex
Wirex provides crypto-friendly currency accounts which allow you to buy Litecoin (LTC) with a debit card (or credit card) in the UK. They support other cryptocurrencies, like Bitcoin (BTC) and Ethereum (ETH) too.
Wirex’s fees aren’t as competitive as they used to be, but they’re still not bad. You’ll typically be charged about 2.5% in fees when buying any cryptocurrency they support with a debit or credit card. They support UK bank transfers, but it’s better to use Crypto.com or Coinbase Pro if that’s your preferred payment method.
Here’s how that compares to their closest competition.
Wirex also issues GBP, EUR, and USD debit cards. In my recent roundup, I ranked them as one of the best crypto debit card available in the UK and EU.
Signing up and getting verified takes less than 10 minutes.
#4. Peer-To-Peer Route: Litecoinlocal
Litecoinlocal.net is a peer-to-peer (P2P) marketplace where you can buy and sell Litecoin (LTC) with other people. It’s available across over 100 countries and supports lots of traditional (i.e. fiat) currencies.
Although it supports many popular payment methods (e.g. PayPal, Cash, Western Union), there were only 8 sellers in the UK when I checked.
The lowest rate I found was more than 14% above the real LTC/GBP exchange rate too.
Unless you’re dead-set on buying Litecoin (LTC) with PayPal, cash, or a less common payment method, then I’d just use one of the options described above. You’re throwing away money if you pay these kinds of rates.Get Started Now
Best Litecoin Wallets: Safely Storing LTC
Litecoin Hardware Wallets
Just like any other altcoin, you’ll need a cryptocurrency wallet to store your Litecoin (LTC).
Hardware wallets are popular and well-recommended across the crypto-community. I’ve reviewed nearly every cryptocurrency wallet that’s available and ranked your best hardware wallet options.
One of my favourites and highest-ranked hardware wallets is the Ledger Nano S.
It continues to support more and more cryptocurrencies and can be bought from the manufacturer’s official website for less than £60 (incl. delivery).
There’s a reason it’s sold over 1.4 million units worldwide. Find out more in my full Ledger Nano S review.
Litecoin Software Wallets
Not an exhaustive list, but these options seem quite well-recommended across the Litecoin community:
- LiteWallet: Official Litecoin mobile wallet (originally built by Charlie Lee). Previously called LoafWallet.
- Atomic Wallet: My favourite multi-currency wallet which supports over 300 coins and tokens.
- Exodus Wallet: User-friendly cryptocurrency wallet which supports over 95 cryptocurrencies.
Other Crypto Guides
Looking to buy other cryptocurrencies?
Check out my other popular guides: