What are Litecoin and LTC?
Litecoin is a peer-to-peer digital currency. Its ticker is LTC.
Litecoin was built for fast, low-cost payments. Rather than relying on a central authority, transactions are managed collectively by the network. Litecoin was launched in 2011 by Charlie Lee, which offers helpful context for the asset's origins.
How to buy Litecoin in Singapore
In the Crypto.com App, here is the basic flow:
- Create an account and complete any required identity verification.
- Add funds using an available payment method.
- Tap 'Buy' and search for Litecoin.
- Enter the amount you want to spend.
- Review the order details and tap 'Confirm' to proceed.
Trading is subject to account verification and eligibility.
Can you buy less than one Litecoin?
Yes. You do not need to buy a full Litecoin. The minimum depends on your payment method: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card, and SGD 50 by FAST bank transfer.
This means your order can be based on the amount you want to spend, rather than a whole-coin amount.
How can buyers in Singapore fund a Litecoin purchase?
You can hold SGD or USD on your account. To fund a Litecoin purchase, use any of the methods shown in the App, such as your Fiat Wallet, a linked debit card, Apple Pay or Google Pay.
You can also deposit SGD free by FAST bank transfer, or USD free by Swift transfer. Depositing in your preferred currency by local bank transfer can help you fund a Litecoin purchase at the market price.
