What can you do with Litecoin?

Learn more about Litecoin

1. How does Litecoin work?

   Unlike traditional currencies, Litecoin is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Litecoin. This decentralization means the holders and users of Litecoin can help to maintain the network.

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2. Where can I buy Litecoin?

   Most find that the easiest and most secure way to purchase Litecoin is through a reliable cryptocurrency platform like Kraken. While Litecoin can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Litecoin.

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3. How much does 1 Litecoin cost?

   At the current market rate, it costs €74.28 to purchase one LTC. Kraken makes it easy to buy & sell Litecoin with confidence.

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4. Can I buy $100 worth of Litecoin?

   Yes, Kraken offers a secure and easy to buy $100 worth of Litecoin. At its current price, $100 equals NaN LTC.

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5. Is it safe to buy Litecoin?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Litecoin purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Litecoin investment. You should do your own research on Litecoin price before buying.

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6. Is Litecoin available to buy and sell in my country?
   

   
   To find out if Kraken offers Litecoin in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Litecoin a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Litecoin may be a worthwhile purchase.

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8. Can I purchase Litecoin using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Litecoin transaction fee?

   Kraken offers competitive fees for Litecoin transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Litecoin I can buy?

    
    You can buy as little as $10 worth of Litecoin on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Litecoin regularly.
    

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11. How to buy Litecoin with PayPal?

    To buy Litecoin with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Litecoin, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Litecoin.

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12. How to buy Litecoin with a debit card?

    You can buy Litecoin using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Litecoin with a credit card?

    To buy Litecoin using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Litecoin with other cryptocurrencies?

    Kraken makes it easy to buy Litecoin using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Litecoin. Browse the Litecoin markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Litecoin from Kraken to my crypto wallet?

    Yes, the Litecoin you buy on Kraken is yours. Kraken makes it easy to withdraw your Litecoin to any hot wallet or cold wallet that supports Litecoin. Simply enter the external wallet address and your Litecoin will be in your wallet a few moments later.

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16. Is it safe to keep Litecoin on Kraken?

    We take every measure possible to keep the Litecoin you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Litecoin. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Litecoin?

    The current circulating supply of Litecoin is 75.972.239 LTC.

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