Why buy Litecoin with Kraken?

About Litecoin

What can you do with Litecoin?

Swap Litecoin for other assets

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 it cost to buy 1 Litecoin?

   At the current market rate, it costs $126.53 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 0.79 LTC.

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5. Is Litecoin safe to buy?

   The Litecoin price can change dramatically based on market conditions. You should do your own research on Litecoin 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. What are the transaction fees for buying Litecoin?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. 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. Can I 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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12. Can I buy Litecoin with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Litecoin using hundreds of other cryptocurrencies. Browse the Litecoin markets available on Kraken to see how much it costs to buy Litecoin with other cryptocurrencies.

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13. How can I keep my Litecoin safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Litecoin. When you choose to keep your Litecoin on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Litecoin?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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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 leave my 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 75,260,413 LTC.

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