Litecoin (LTC) has cemented its position as a leading cryptocurrency, evolving from a niche payment solution to a widely traded digital asset. Known for its fast transaction speeds and low fees, Litecoin appeals to both investors and everyday users. This guide explores secure methods to purchase Litecoin across Latin America and Spain, tailored to local currencies and platforms.
Buying Litecoin in Latin America
Latin America’s crypto adoption continues to surge, with Litecoin gaining traction due to its utility for remittances and daily transactions. Below are region-specific methods to buy LTC.
1. Purchasing Litecoin with Argentine Pesos (ARS)
Platform: SatoshiTango
- Verification: KYC (Know Your Customer) required.
Deposit Fees:
- 6% fee for deposits via MercadoPago/RapiPago.
Trading Fees:
- 1% transaction fee + 2% spread on buy/sell orders.
Tip: Compare prices across exchanges to minimize spread costs.
2. Buying Litecoin with Venezuelan Bolívares (VES)
Options:
Cryptobuyer:
- 10–12% spread on trades.
- Requires identity verification.
Cryptoway (P2P):
- 0.4% fee per trade.
- Market-determined prices (may vary).
Note: Cryptoway offers flexibility but lacks price stability compared to exchanges.
3. Acquiring Litecoin with Peruvian Soles (PEN)
Exchanges:
Buda:
- 0.8% fee for market orders; 0.4% for limit orders.
- No deposit fees for bank transfers.
Bitinka:
- 1% deposit fee + 7.50 PEN.
- 0.5% flat trading fee.
Recommendation: Buda’s lower fees make it ideal for frequent traders.
4. Purchasing Litecoin with Mexican Pesos (MXN)
Top Platforms:
Bitso:
- 0.5% fee for makers; 0.65% for takers.
- No deposit fees for SPEI transfers.
Volabit:
- 0.8% trading fee + IVA (tax).
- 11 MXN fee for SPEI deposits.
FYI: Bitso allows limited trading without full KYC.
5. Buying Litecoin with Colombian Pesos (COP)
Exchange: Daexs
- Process: COP → BTC → USD True → LTC.
Fees:
- 0.6% for COP-to-crypto trades.
- 0.2% for other conversions.
Key Point: Multi-step process but competitive fees.
6. Securing Litecoin with Chilean Pesos (CLP)
Options:
Orionx:
- 0.11–0.15% trading fees.
- Free bank deposits.
ChileBitcoin:
- 1–3% variable fees based on volume.
Tip: Orionx is preferable for low-volume traders.
Purchasing Litecoin in Spain
Primary Platform: Coinbase
Deposit Methods:
- Credit Card: 3.99% fee.
- Bank Transfer: 1.49% fee.
- Trading Fee: 0.5% per transaction.
Alternative: Consider local P2P platforms for lower fees.
FAQs
1. What is the cheapest way to buy Litecoin?
- Bank transfers typically have lower fees than credit cards. Exchanges like Buda (Peru) or Orionx (Chile) offer competitive rates.
2. Can I buy Litecoin anonymously?
- Most platforms require KYC. P2P markets (e.g., Cryptoway) may offer partial anonymity but with higher risks.
3. How long does a Litecoin transaction take?
- Litecoin’s network confirms transactions in ~2.5 minutes, faster than Bitcoin.
4. Is Litecoin a good investment?
- Litecoin’s established history and active development make it a viable option, though market volatility persists.
5. Where can I store Litecoin securely?
- Use hardware wallets (e.g., Ledger) or trusted software wallets (e.g., Litecoin Core).
👉 Ready to start trading Litecoin? Explore secure platforms today
👉 Compare Litecoin exchange rates and fees
Final Note: Always verify exchange reputations and fees before trading. Diversify your crypto portfolio to mitigate risks.