Buy Litecoin in Canada

Litecoin made simple

Everything you need to know about Litecoin and how to start investing in it.

Current Price

$98.45 CAD

+$2.37 (2.47%) past 24 hours

Market Cap The value of the entire supply of a specific cryptocurrency or token. It’s calculated by taking the price of a coin/token and multiplying it by the total number of that coin/token in circulation.: $7,350,623,154.32
Circulating Supply The amount of coins that have already been created and are available in the market.: $74,793,195.73
Total Supply The total amount of coins currently in existence minus any coins that have been burned or removed from circulation.: $74,793,195.73
24h low - high range Low-high range over the past 24 hours.: $92.64 - $99.50
7 day low - high range Low-high range over the past 7 days.: $89.86 - $105.06
52 week low - high range Low-high range over the past 52 weeks.: $67.25 - $157.48

Litecoin 101

Litecoin: “Like Bitcoin, but faster.” Okay, that’s not the official tagline. But being faster and more cost efficient than Bitcoin is Litecoin’s claim to fame.

It’s worth thinking of Litecoin in comparison to Bitcoin, because they use similar technology. Litecoin’s blockchain is a “fork” of Bitcoin — that’s when someone copies the source code of a blockchain and uses it to launch an entirely separate blockchain.

Litecoin is sometimes called the “little brother” of Bitcoin because it came out three years after Bitcoin’s launch in 2008. It serves a similar purpose: to process payments on a decentralized, peer-to-peer network—but is quicker and better suited to small transactions.

While the Bitcoin blockchain takes 10 minutes to process a single block, Litecoin takes just 2.5 minutes. And while it can cost up to $70 to process a transaction on the Bitcoin blockchain, LTC transactions rarely cost more than $0.1.

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Why Wealthsimple Crypto?

Wealthsimple Crypto lets you buy and sell cryptocurrencies all in one easy-to-use app. And as Canada’s first regulated crypto platform, you can trust that your coins are in good hands. How simple is it?

Sign up in minutes right from your phone or laptop
Start trading crypto with as little as $1
No account minimums
No clunky dashboards — just one super simple app
Best of all: you don’t need to be an expert in crypto or blockchain to get started

Get started with Crypto

What can you do with Litecoin?

Since Litecoin is so closely related with Bitcoin (and it’s been around for nearly as long), it has pretty much the same applications. That is: you can anonymously buy things (or receive money) without an intermediary (like a bank).

Is Litecoin a smart investment?

Crypto carries risks — but generally speaking, our advice (regardless of whether you’re investing in Litecoin or stocks) is: never invest what you can’t afford to lose. The smartest way to grow your money long term is with a diversified, low-cost portfolio that tracks the market.

How we keep your Litecoin safe

As Canada’s first regulated crypto trading platform, we’re required to meet certain requirements — like using only qualified custodians (like Coinbase Custody) for cold storage.

FYI: Wealthsimple Crypto is not an exchange itself. Instead, we work with multiple exchanges to give you the best Litecoin prices.

And to make sure your coins are extra protected, we’ve partnered with Coincover for an extra layer of security.

If you’re holding crypto outside of Wealthsimple, that’s no problem. You can safely transfer your Litecoin to your Wealthsimple account in just a few taps.