How to Buy Litecoin with PayPal in 2022
Litecoin (LTC) is one of the most popular cryptocurrencies to invest in today, so buying Litecoin with different payment methods is often possible and accessible on many cryptocurrency platforms.
But here we want to focus on one of the most popular payment methods and the most utilized e-wallet in the world — PayPal, and how to buy Litecoin with PayPal.
Keep reading to learn how you can buy Litecoin with PayPal, what the best brokers are, and much more.
Also, if you are interested, our guide on how to buy Litecoin will cover some of the key points you should know.
Top Brokers to Buy Litecoin With PayPal
We’ll explain what a PayPal Litecoin broker is later on and how to find a good one, but for now, here are our top picks for the best LTC brokers that accept PayPal payments:
What is a PayPal Litecoin Broker?
In the simplest of terms, a PayPal Litecoin broker is like any other crypto broker, but it only deals with Litecoin and accepts PayPal payments.
Every broker lets you trade crypto, and PayPal Litecoin brokers allow you to trade LTC and enable you to make deposits and withdrawals using PayPal. In other words, you are not directly buying or selling Litecoin with PayPal, you are depositing money to your account on the broker platform using PayPal, and then you are using that money to purchase Litecoin.
Thankfully, even though this might sound too specific, there are plenty of PayPal Litecoin brokers. That’s mainly because both LTC and PayPal are quite popular, so many crypto brokers make sure to cover Litecoin and offer PayPal in their payment transaction lists.
These brokers are not that different from others you might come across. And if you’ve already used crypto brokers, you’ll likely find that some already accept PayPal payments.
Where to Buy Litecoin With PayPal?
You will find that most types of centralized crypto platforms offer PayPal payments. This includes exchanges, brokers, P2P marketplaces, and lending platforms.
Many specific platforms within these groups will let you connect PayPal to their systems and deposit and withdraw money for buying LTC.
How to Buy Litecoin With PayPal
Buying LTC directly with PayPal is still relatively new and only available to US citizens. However, buying Litecoin via brokers is an option available to the entire crypto-friendly world. However, even if you decide to go with native PayPal app, you won’t be able to do Litecoin to PayPal transfer (buy you can do PayPal to Litecoin wallet transfer). Instead, you will need to use your PayPal funds to buy Litecoin directly in the app.
Here’s an overview of how you can buy Litecoin with PayPal on broker platforms:
Choose the Best Platform For You:
Go through the list of PayPal LTC brokers we offered earlier in this guide and pick the site that works best for you.
Register an Account:
As every crypto exchange that accepts fiat currency transactions is centralized, you must register an account. Just follow the registration procedure and provide the broker with all the required info, including your name, e-mail, address, etc. Don’t worry about the safety of your sensitive information, as we’ve made sure that all of these brokers are entirely safe and trustworthy.
Connect Your PayPal Account and Make a Deposit:
Once your broker account is ready, you can follow the process of connecting your PayPal account and depositing your desired amount of fiat currency.
Once your account is topped up with funds, all that’s left for you to do is buy LTC with those funds. You only need to select it and the amount you want to buy. Once you confirm the payment, you’ll get your LTC assets in your account.
How to Deposit and Withdraw Litecoin via PayPal
If you’re looking to buy Litecoin (PayPal), the deposit and withdrawal procedures might differ from broker to broker, but they all boil down to the same thing, so our basic guidelines should help you significantly.
Depositing money on a crypto broker platform with your PayPal account is quite fast once you have your broker account ready. Here’s what you need to do:
Step 1: Log in
Step 2: Choose PayPal
Step 3: Connect your PayPal account
Step 4: Send the desired amount of money
Once you’ve purchased Litecoin, traded it a bit, and made a profit, you’ll want to withdraw those earnings back to your PayPal account so you can use them. However, you won’t be able to withdraw Litecoin directly — you’ll have to exchange it for fiat currency first. Here’s what you need to do:
Step 1: Log in
Step 2: Sell the desired amount
Step 3: Choose PayPal
Step 4: Confirm the transaction
Step 5: The money should reach you
What Should I Look for in a PayPal Litecoin Broker?
The main things you need to check with the broker you want to use are whether they cover LTC and offer PayPal for depositing and withdrawing money. Once you verify these essential traits, you need to look for other aspects that point to the high quality and value of the broker:
Some broker platforms are more expensive than others, which is why you need to check the fees to eliminate the sites with the highest ones.
The best case for everyone is to register at a broker that offers low minimum and high maximum limits for both deposits and withdrawals. However, if you’re looking to trade in smaller volumes, you can opt for brokers with smaller limit ranges. It always depends on what you’re looking to achieve on the platform.
You should always look for a reliable broker with a fast platform where you can make a purchase, a deposit, and a withdrawal quickly.
The broker platform needs to be safe and reliable to use. You should always check their security protocols and history of breaches to ensure your data and assets will be safe.
Alternative Payment Methods:
You might only be interested in PayPal at the moment, but that might change in the future. So, look for brokers that offer a wide range of popular payment methods.
Should I Buy Litecoin Using PayPal?
There are many benefits for you if you’re looking to purchase Litecoin with PayPal, but also some downsides. We’ll take a look at both so you can quickly determine if this is the right payment method for you:
Pros & Cons
Is Using PayPal the Best Way to Buy Litecoin?
As you’ve seen from our pros and cons section, buying LTC with PayPal is easy, safe, and convenient for the crypto brokers we recommend. However, there are a few downsides, most notably the fees. If you don’t mind them or have chosen a broker that doesn’t have high fees for your standards, then you should choose PayPal.
If PayPal is already your preferred payment method, then there’s no need to keep thinking about whether you should use it for LTC as well. Ultimately, it’s up to you to decide, but we hope our explanations have helped you make that decision more easily than before.
What are the Alternative Ways to Buy Litecoin?
If PayPal is not the right choice for you, you can choose an alternative. Here are the best ones to consider:
Credit and Debit Cards:
You can easily buy Litecoin with a credit card or a debit cards. These are likely the most convenient way for buying LTC. Everyone uses them in everyday life, and they are typically covered in most crypto broker platforms.
Bank transfer is as good and reliable a payment method as credit and debit cards. However, it can be slower as it usually is for most transactions, so it’s something to consider in advance.
If you are a big Apple user, you’ll be glad to know that using Apple Pay is an option on some crypto brokers. This option is convenient, easy to use, and offers high security.
Final Thoughts on Buying Litecoin With PayPal
All in all, using PayPal to buy Litecoin is an excellent method to get your hands on LTC as the e-wallet is easy to use, fast, and highly convenient. Plus, PayPal is one of the most reliable payment options worldwide, and you can find it in many crypto brokers. The best ones are listed in our table, so all you need to do is choose one to get started.