How to buy Litecoin in Canada?
It doesn't matter if you are in Toronto, Montreal, Calgary or anywhere in between, NDAX gives you all the tools and support to buy and sell Litecoin in Canada.
Why buy LTC?
While Litecoin was created for a similar purpose to Bitcoin, it has done so with a focus on minimizing transaction times and allowing for a more scalable network. This makes Litecoin especially attractive as a payment method for goods and services and as a way to send money to friends and family. It’s high transaction speeds and low fees, and growing adoption, also provide investors with a reason to make it a part of their long-term strategy.
Storing your Litecoin
After investing in Litecoin, the next step is to store your Litecoin in a secure cryptocurrency wallet. Depending on your own needs, investment amount and preferences, you can keep your Litecoin on a trading platform, a physical hardware wallet or a software wallet.
You are free to transfer your Litecoin to a private wallet from NDAX. However, if you decide to store your Litecoin in your NDAX wallet, we have all the security measures in place to keep your Litecoin safe and secure.
What can you do with Litecoin?
Pay for Goods and Services
Online stores, merchants, restaurants, and retail environments continue to adopt LTC and other cryptocurrencies as a means of payment.
Invest and Trade
On our trading platform, LTC can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth and profits.
Use as a Store of Value
Investors are using LTC as a store of value.
Why buy LTC on NDAX?
We take the fear out of trading
NDAX’s security standards are among the highest in the Canadian FinTech industry.
NDAX holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies.
Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
Grow your portfolio with NDAX’s recurring purchase feature
Set Litecoin recurring purchases to automatically buy LTC to CAD each day, week or month. Set regular purchases as low as $10.
Litecoin investing in the palm of your hand
Download the NDAX mobile app to fund your account and start trading on-the-go from any iOS or Android device.
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Gain control of your LTC investments with advanced trading options
The cryptocurrency market is volatile. Avoid missing out on trades by using NDAX’s unique trading options:
Limit order
Buy or sell order executed at a specific price.
Stop order
Order to buy or sell once a cryptocurrency reaches a specific price point.
Trailing stop market order
Order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid or ask.
Trailing stop limit order
Limit buy or sell order triggered once a cryptocurrency touches a trailing amount set by the user.
Fill or kill (FOK) order
Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be cancelled entirely.
Immediate or cancel order (IOC)
Trade that executes immediately and cancels any unfilled portions of the order.
Reserve order (Iceberg Order)
Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.