If you are looking to buy Litecoin with Canadian Dollars then you are on the right page. Below I will point you in the direction of a Canadian cryptocurrency exchange where you can deposit Canadian Dollars via Interac or bank wire, and use those funds to buy Litecoin. I’ve outlined the process in a straight forward four step guide further down the page.
Disclaimer: The content provided in this article is not financial advice. We are simply providing an information guide outlining how to buy Litecoin with Canadian Dollars, if that’s something you already intend to do. All readers should do their own research when deciding to buy or sell any cryptocurrencies online.
Where To Buy Litecoin In Canada
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Buy and Sell Cryptocurrencies | Visit |
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
Bitbuy.ca is a popular cryptocurrency exchange for Canadians. They offer LTC/CAD trades and allow you to deposit Canadian Dollars from your Canadian bank account via Interac or bank wire.
Bitbuy is located in Canada and compliant with all Canadian regulations.
How To Buy Litecoin With Canadian Dollars – 4 Step Guide
Follow this simple step-by-step guide to learn how to buy Litecoin online using Canadian Dollars from your bank account.
Step 1. Open A Bitbuy.ca Account
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
First you will need to join an online cryptocurrency exchange that offers LTC/CAD trades and allows you to deposit Canadian Dollars from your bank account.
Click here to visit BitBuy.ca and select the ‘Sign up to get started’ button. Complete the sign up form to open your account. You will have to verify your phone number and email address to set up the account.
You are also required to verify your identity before using Bitbuy to buy or sell cryptocurrencies. This involves providing your name, birthdate, address, and home address. The verification process is almost instant after you’ve provided the required information.
Step 2. Deposit Canadian Dollars
After opening your account you can deposit the Canadian Dollars that you want to trade for Litecoin.
On your ‘Accounts’ page click on the ‘Add Funds’ button beside ‘Your CAD Balance’.
You can deposit your Canadian Dollars via Interac ($50 minimum) or Wire Transfer ($20,000 minimum).
The following page will give you the information for sending the Interac e-Transfer, including recipient name, recipient email address, security question and security answer.
Use the provided information to add a new Interac recipient and complete the e-Transfer to your Bitbuy account.
Step 3. Buy Litecoin
Your Canadian Dollar balance will show up in your accounts within minutes (if you used Interac e-Transfer). You’re now ready to buy Litecoin with your Canadian Dollars.
Open the ‘Litecoin’ drop down menu on your ‘Accounts’ page and select ‘Buy’. This will take you to the Express Trade section of the Bitbuy website.
Enter the amount of Canadian Dollars you want to trade for Litecoin. In the example below I’m using $753 to buy 3.22 LTC.
If you are happy with the LTC amount you are purchasing with your Canadian Dollars, click ‘Buy Litecoin’ to complete the transaction.
Here is an example Express Trade screenshot (taken in October 2021):
Step 4. Withdraw Litecoin To Hardware Wallet (Optional)
After your Litecoin purchase you will see the Litecoin balance on your ‘Accounts’ page.
You now have the ability to withdraw your LTC to a Litecoin compatible wallet where you hold the private keys.
I suggest doing your own research relating to how to best store your Litecoin. There are several great resources online outlining how to store cryptocurrencies, including the pros and cons of each method.