How to Buy Litecoin Online With a Debit Card in 2021

You can buy Litecoin (LTC) with several fiat payment methods — one of them being a debit card. If you have a bank account, the chances are you already have a debit card. In this guide, we’ll show you some of the best brokers for buying LTC with a debit card and point out things you need to know before purchasing. Read on to find out more.

Top Litecoin brokers that accept a debit card

First, let’s take a look at some of the best brokers that accept debit cards to buy Litecoin:

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What is a debit card Litecoin broker?

A debit card broker is an online cryptocurrency platform like any other, but the only thing that makes them stand out from the pack is that they accept a debit card as a payment option.

The good news is that plenty of crypto brokers accept debit cards as it is one of the most popular fiat payment options. But still, not every broker is good for you, so we decided to narrow down the selection to the best platforms that offer quick and easy ways to purchase LTC with a debit card.

They are not that different from other brokers in terms of how they work. The only extra step is to connect your debit card to your broker account, which we’ll explain in this article.

Which crypto platforms accept debit cards?

Almost all centralized cryptocurrency platforms accept debit cards, including:

  • P2P Marketplaces
  • P2P Lending Platforms
  • Exchanges
  • Brokers

Other crypto exchange platforms are variations of the business models listed above that often let you connect your debit card and buy Litecoin. 

How to buy Litecoin with a debit card

Here’s a short overview of how to buy LTC with a debit card on a cryptocurrency exchange platform:

  • Select the Best Platform for You: Feel free to go through our list and pick the best broker for buying Litecoin using a debit card.
  • Open an Account: All crypto exchange platforms that can accept fiat currencies are centralized. So, you’ll have to go through the registration process and leave some of your sensitive data, including your email, first and last name, or even phone number.
  • Connect Your Debit Card: Provide the necessary card information to connect it to your account and start buying Litecoin.
  • Buy LTC: Once you load your account with funds from your debit card, you can start purchasing Litecoin from the broker of your choice. 

How to deposit and withdraw Litecoin via a debit card

Deposit

If you have experience using a debit card for any other online purchase, you should be familiar with the process of depositing funds. Here’s a quick overview:

  • Log in to your broker’s account
  • Choose a debit card as a deposit method
  • Connect your debit card if you haven’t done that already during the registration process
  • Enter the amount you’d like to deposit
  • Confirm your transaction

Please remember that some brokers might require you to verify your identity before allowing you to use a credit or debit card for deposits and withdrawals.

Withdraw

Since you cannot withdraw your LTC to your debit card, the only option for withdrawal is to withdraw your fiat funds from your account back to the card. Here’s how:

  • Log in to your account
  • Choose a debit card as a withdrawal method
  • Enter the amount of fiat money you’d like to withdraw
  • Confirm the transaction

Some crypto trading platforms don’t allow withdrawing funds with a debit card, meaning you can only deposit with this payment method and then withdraw to a crypto wallet.

What should I look for in a debit card Litecoin broker?

If you’re going to search for the best LTC broker that accepts debit cards on your own, you need to pay attention to the following things:

  • Deposit and Withdrawal Limits: Some brokers have more favorable deposit and withdrawal limits than others. Ideally, you should choose those that have low minimum and high maximum limits.
  • Transaction Fees: It’s no secret that some crypto trading platforms are more expensive than others. If you’re not on the budget, you should aim for the best price/quality ratio. If you’re on a budget, then the lower, the better.
  • Other Payment Methods: Even though you might start with a debit card, you’re likely to use other methods to deposit and withdraw fiat and crypto funds to a trading platform, so pay attention to the list of other payment methods.
  • Security – Make sure that the platform of your choice has all the security protocols in place. Checking its history and reputation among users might also be a good idea to avoid compromising your security.
  • User Experience: Explore the site’s user design and the overall experience, including available trading options, customization, functionality, and more.
1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Should I buy Litecoin using a debit card?

Pros

  • Convenience: Almost everyone owns a debit card, making it easy to connect and use online
  • Speed: Debit card transactions are usually instant, meaning you can start buying Litecoin in no time
  • Low Fees: Even though debit cards aren’t the most affordable payment option out there, they are definitely in the category of low-fee methods
  • Security: Debit cards offer a great level of security

Cons

  • Debit-free Platforms: Even though debit cards are a popular payment method, many online crypto brokers still don’t accept them
  • Limits: Sometimes, the debit card deposit amount is very limited
  • Not Anonymous: Your debit card is linked to your bank, and it’s definitely not the best method anonymity-wise. In other words, if you’re after anonymity, you should avoid a debit card.

Is using a debit card the best method to buy Litecoin?

Using debit cards for buying LTC is quick, easy, and fast, but it does come with a couple of downsides listed in the cons section above. However, it’s also a matter of personal taste, as some people prefer using debit cards more than methods like e-wallets or wire transfers. Each method has certain advantages and disadvantages, and it’s up to you to see which one is most suitable for you.

What are the alternative payment methods to buy Litecoin with?

Here are some other popular payment options available on online crypto trading sites:

  • Credit Card: This method is the closest to debit cards. If you know how to use debit cards, you won’t have any trouble using a credit card.
  • PayPal: This is the most popular e-wallet, and it’s accepted on many online crypto trading platforms. It’s fast, secure, and reliable. However, fees can be higher depending on your location and several other factors.
  • Bank Transfer: By using this method, you’ll be able to transfer funds directly from your bank to the online platform of your choice. This payment option is secure, but it can take some time before it’s processed.

Conclusion

To sum it all up, a debit card is a fast, secure, and convenient method for depositing your funds to an online crypto broker if you wish to buy Litecoin. Feel free to examine the list of brokers listed on this page and pick the one that meets your needs. Our team of experts made sure to offer only the best options for debit card users. 

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

FAQs

Can I buy Litecoin anonymously with a debit card?

Unfortunately, debit cards are used only on centralized crypto trading platforms, meaning you’ll have to leave some personal info to buy LTC.

How fast is buying Litecoin with a debit card?
It’s pretty fast. Debit card deposits are usually instant, and some brokers can find the adequate LTC amount right away.

Do I need a crypto wallet?

If you wish to withdraw your Litecoin from the platform, you’ll have to obtain a Litecoin cryptocurrency wallet.

Are there low fees when using a debit card to buy Litecoin?

Depositing funds to the broker usually doesn’t come with high fees. However, trading platforms have different fees for buying LTC, so make sure to check that before making any purchases.

Can I hold cryptocurrency in my debit card account?

No. A debit card account is your bank account, and banks only work with fiat money.

Can I buy other cryptos using a debit card?

In most cases, you can. Just select another available cryptocurrency at the platform of your choice and proceed with the payment.

Can I buy Litecoin using a debit card instantly?

Yes, some online crypto trading platforms will take only a couple of your minutes before you acquire some LTC. However, some sites might take up to a couple of hours to process your payment request.

Is a debit card the easiest way to buy Litecoin?

It’s one of the easiest, but some users find other payment options easier. It’s a matter of personal preference.

Does Coinbase accept debit cards?

Yes, you can use Visa and Mastercard debit cards to buy cryptocurrencies on Coinbase.