What Is Litecoin (LTC)?
Dubbed "digital silver" to Bitcoin’s "digital gold," Litecoin (LTC) is a pioneering cryptocurrency designed for fast, low-cost transactions. Launched in 2011 by ex-Google engineer Charlie Lee, Litecoin improves upon Bitcoin’s framework with:
- 4x faster block generation (150 seconds vs. Bitcoin’s 600 seconds).
- Higher supply cap (84 million LTC vs. 21 million BTC).
- Scrypt algorithm for efficient mining.
- Micro-payment suitability, with average fees as low as $0.03 per transaction.
With a $13 billion market cap, Litecoin remains a top choice for investors seeking speed and affordability in crypto transactions.
Why Buy Litecoin in Canada?
1. Fast & Affordable Transactions
Ideal for daily purchases, LTC processes payments quicker than Bitcoin.
2. Strong Market Position
A top-20 cryptocurrency with consistent innovation (e.g., MimbleWimble privacy upgrades).
3. Growing Adoption
Accepted by retailers like Newegg, Overstock, and Travala.
How to Buy Litecoin (LTC) in Canada – Step by Step
Step 1: Choose a Trusted Platform
👉 Buy Litecoin securely on Bitbuy (Canada’s top-regulated exchange).
Step 2: Verify Your Account
Complete ID verification (5–10 minutes) to comply with Canadian regulations.
Step 3: Fund Your Account
Deposit CAD via:
- Interac e-Transfer (instant, no fees).
- Bank wire (1–2 business days).
Step 4: Buy Litecoin (LTC)
Navigate to Express Trade, select LTC, and confirm your purchase.
Step 5: Store Your LTC Securely
- Bitbuy’s built-in wallet (hot storage for quick trades).
- Hardware wallets (e.g., Ledger) for long-term holdings.
Why Use Bitbuy to Buy Litecoin?
| Feature | Benefit |
|---|---|
| Cold Storage | 99% of funds stored offline for security. |
| Low Fees | 0.1%–0.2% trading fees – among Canada’s lowest. |
| 24/7 Support | Award-winning customer service via live chat and email. |
| Fast Funding | Interac e-Transfer deposits processed in under 30 minutes. |
FAQs About Buying Litecoin in Canada
1. Is Litecoin a good investment?
Yes! Litecoin’s speed, low fees, and active development make it a solid long-term crypto asset.
2. Can I buy Litecoin with CAD?
Absolutely. Canadian exchanges like Bitbuy allow direct LTC purchases with CAD.
3. How do I sell Litecoin for cash?
Sell LTC on Bitbuy and withdraw CAD to your bank account in 1–3 business days.
4. What’s the minimum Litecoin purchase?
Most platforms let you buy fractions of LTC (e.g., $10 worth).
Where to Trade Litecoin in Canada
Web Platform
- Log in to Bitbuy and select Express Trade.
- Choose LTC, enter the amount, and click Sell.
Mobile App
- Open the Bitbuy app and tap Accounts.
- Select LTC → Sell → Confirm the transaction.
Final Tips for Litecoin Investors
- Dollar-cost average (DCA) to mitigate volatility.
- Secure your LTC with 2FA and hardware wallets.
- Stay updated on Litecoin’s tech upgrades (e.g., MWEB).
Ready to start? 👉 Buy Litecoin today with Bitbuy’s secure platform.
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