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How to Buy Litecoin with Debit Card in 2024

Open Account 82% of retail CFD accounts lose money.
By Onose Enaholo - Updated 24 June 2024
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Debit cards provide a convenient and widely accepted method of buying Litecoin without any annual fees or interest payments. Let’s take a look at just how simple the process is and where you can purchase LTC.

How to Buy Litecoin with Debit Card

You can purchase Litecoin with Debit Card online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Litecoin and simple steps to buy Litecoin with a Debit Card.

1. Choose a platform

Create an account by filling in some personal information, and provide a photo ID and/or proof of address in order to get your account verified. The safest place to buy Litecoin is a regulated platform, such as our top recommendations below.

1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. Make a deposit using Debit Card

Navigate to your platform’s deposit page and select debit card from the list of payment methods available in your country. Then you can specify how much you would like to deposit and transfer the funds to your platform.

3. Buy Litecoin

Find the trading pair for LTC and your newly deposited currency and enter how much you wish to purchase in a buy order. You can use a market order to buy immediately or a limit order to buy at a specified price in the future.

Table of Contents

Where to Buy Litecoin with Debit Card

Features, fees, and coins supported are some of the things you might want to consider when deciding where to buy Litecoin. Your platform should also be regulated and reputable if you care about safety. The best such platforms are shortlisted below.

1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Pros & Cons of Buying Litecoin with Debit Card

We’ve compared the features of buying LTC with a debit card to help you decide whether it’s the right choice for you.

Pros

  • Acceptance. Debit cards are widely accepted, giving you plenty of choice of where to use one to buy Litecoin.

  • Convenient. You just need to connect your debit card to your account and then you can purchase in seconds.

  • No annual fees. Unlike with a credit card, there are no annual fees or interest payments for using your debit card.

  • Good for budgeting. You can only spend money already in your bank account which could help you avoid excessive spending.

  • Safe. Debit cards are a secure payment method and often have a zero liability policy to protect you from fraud.

Cons

  • Higher fees. The deposit fees for credit and debit cards may be higher than other deposit methods.

  • Possible overdraft fees. If you have an overdraft, you could be faced with fees if you overdraw.

 

Fees When Buying Litecoin with Debit Card

Your platform will likely charge a fee for making a deposit with your debit card. You can check the website to find out whether this is the case and how much it will be. Other costs to watch out for include spreads, commission, trading fees, and blockchain transaction fees.

Is Buying Litecoin with Debit Card Right for Me?

If you want the safety, convenience, and broad acceptance of paying by card, without the interest and fees that come with a credit card, then a debit card could be the ideal way to purchase Litecoin without spending more money than you have in your account.

Frequently Asked Questions

Can I buy other cryptocurrencies with my debit card?
Yes. If your platform accepts debit cards, you can use your card to purchase any cryptocurrency on the platform.
Will paying with my debit card affect my credit score?
No. Using your debit card will have no effect on your credit score.
Do all crypto platforms accept debit cards?
Most crypto platforms accept debit cards but there are a few that don’t. See the section above on where to buy Litecoin with debit card for a list of the best platforms that accept debit cards.
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Open Account 82% of retail CFD accounts lose money.