Buy Litecoin
in Canada

Trusted by Litecoin buyers, you can buy and trade Litecoin  in Canada  and 100+ countries on Blocktrade without any fees easily. 

Buy Litecoin
Canada

WHY BLOCKTRADE

Your entry to the world of crypto

Buy Litecoin with Zero Fees

Buy and trade
Litecoin in Canada
with Blocktrade without
any trading fees

Wide range of cryptocurrencies

We offer a wide range
of cryptocurrencies
to buy in Canada. Number increasing as we’re adding new coins and tokens regularly.

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in the EU

Blocktrade is registered as VASP
with the Estonian Financial
Intelligence Unit and is fully
compliant with AML 5.

Learn More about buying LTC in Canada

How to buy Litecoin in Canada

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Payment methods to buy Litecoin in Canada

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Litecoin

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your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

Many crypto experts and analysts believe that Litecoin's price might be surprisingly high in the long future. However, in the short term, you might also see a good rise. Furthermore, Litecoin is a trusted and reliable crypto that you can use in many ways. Therefore, more and more stores and companies will accept this coin in the future. That shows you might not lose your money by buying LTC.

According to the CRA tax guide, you're not taxed when you buy crypto with fiat, like Canadian Dollars. This said, even though you don't pay tax, it's still really important you keep good records of your crypto transactions so you can keep a detailed account of your cost basis. This lets you calculate accurate crypto gains and losses when you later dispose of your crypto assets. But note that according to the above-mentioned tax guide, buying crypto with another crypto is subject to Capital Gains Tax. The CRA views this as a disposition, meaning you're getting rid of one asset. It doesn't matter that you're using it to buy another.

According to the CRA tax guideline, since cryptocurrency is viewed as a capital asset, when you dispose of it by selling it, swapping it, spending it or gifting it, you'll owe Capital Gains Tax on any profit you make. Crypto transactions which are considered a disposition in Canada according to the CRA include: Selling crypto for CAD, swapping crypto for another crypto, spending crypto on goods or services, gifting crypto. According to the mentioned guideline, you won't pay Capital Gains Tax on the entire proceeds when you sell, swap, spend or gift your cryptocurrency, but only the profits from it. Also note that you'll only pay Capital Gains Tax on half your net capital gain each financial year in Canada.

Ethereum is considered the second generation of blockchains, which was supposed to perform better than Bitcoin. Therefore, it is more technologically advanced and attracts more investors to the market. Therefore, Ethereum is considered a better cryptocurrency.

According to the CRA tax guide, you should maintain the following records on your cryptocurrency transactions: the date of the transactions, the receipts of purchase or transfer of cryptocurrency, the value of the cryptocurrency in Canadian dollars at the time of the transaction, the digital wallet records and cryptocurrency addresses, a description of the transaction and the other party (even if it is just their cryptocurrency address), the exchange records, accounting and legal costs, the software costs related to managing your tax affairs.

Charlie Lee is the brain behind creating Litecoin. Charlie, known as Chocobo, was a former Google engineer and one of the first Bitcoin analysts. He designed the Litecoin network to solve the problems that the Bitcoin network had. However, he didn’t claim that Litecoin is supposed to compete with Bitcoin.

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