November 2024 marked the confirmation of a crypto bull run following the conclusion of the US elections that has ushered in a crypto-friendly administration. Bitcoin set an all-time high of $109,000 but it is definitely not the only cryptocurrency or digital asset worth keeping an eye on at this time.

As of 28th January 2025, Litecoin (LTC) had a market capitalization of $8.6 billion making it the 20th largest cryptocurrency by market cap in the entire crypto market.

Litecoin was created back in 2011 as a "lite version" of Bitcoin to offer faster transaction confirmations (quick block processing time), lower trading fees, and better supply. So far, we believe it has established itself as a solid contender in the industry.

Is It Legal to Buy Litecoin in Canada?

Yes! While Canada hasn't officially recognized cryptocurrencies as a form of payment that should be accepted in exchange for goods/services, there are no laws prohibiting the purchase/sale of Litecoin or other crypto assets. For this reason, Canadians are free to buy/sell Litecoin. So, how do you go about it?

How to Buy Litecoin in Canada

Step 1. Find a Legitimate Canadian Crypto Trading Platform

To avoid being a victim of crypto scams, you need to ensure you buy from legitimate entities only. Considering most crypto scams are orchestrated online, it may help to consider a platform that has an offline presence or both online/offline presence as well as robust security measures. bitMachina is one such platform.

The Ottawa-based company has physical access points with ATMs and in-store locations that offer a familiar and in-person experience perfect for crypto buyers who prefer physical transactions.

BitMachina's trustworthy local presence in Canada (since 2019) eliminates doubt from potential crypto buyers who may be hesitant about dealing with purely online foreign or Canadian cryptocurrency exchanges.

Find bitMachina's Bitcoin counters and Bitcoin ATM locations that allow you to buy Litecoin and other major decentralized cryptocurrencies from an actual physical location.

Step 2: Buy Litecoin in Canada with Cash (Via Cryptocurrency In-store Counters and Cryptocurrency ATMs)

If you prefer to buy your Litecoin through a physical location in Ontario, you can visit bitMachina's locations and buy Litecoin for as little as $10. This method offers a unique and trustworthy in-person experience where you complete face-to-face transactions.

You can buy Litecoin and other crypto majors like Bitcoin, Bitcoin Cash, and Ethereum from bitMachina's Bitcoin counters in Ontario. Find them here. Buying is as simple as walking to a physical location and telling the cashier how much you want to buy.

If you prefer to use an ATM to buy Litecoin in Canada, check these ATM locations. Buying is as simple as inserting cash into the ATM machine and following simple instructions before receiving Litecoin directly.

Step 3. Buying Litecoin Online in Canada (Using a Credit Card)

If you want to buy Litecoin conveniently online using your credit card, we suggest you find authorized Canadian organizations that have been legally registered and offer a variety of payment methods.

Through Simplex (an authorized financial organization), bitMachina is able to offer Canadians the opportunity to buy Litecoin online using a credit card. You simply need a crypto wallet address (to receive and store your Litecoin). Buying Litecoin is as simple as deciding how much you want to spend. bitMachina charges a small fee of $15 or 10% (whichever is greater).

You can buy Litecoin and all other major cryptocurrencies in Canada using a credit card. Get detailed instructions.

Step 4. Buying Litecoin in Canada via Wire Transfer

Assuming you want to buy a significant amount of Litecoin ($25,000 or more) from a crypto platform like bitMachina with an online and offline presence in Canada, a bank transfer may be a better option.

To get started, simply make a service request specifying the virtual currency you want to buy (in this case Litecoin). The service request should also specify other details like trade size in fiat currencies - Canadian Dollars (CAD) - at the current approximate exchange rate, personal details (name and proof of address), etc.

Once a service request is made and your identity has been verified, you will be contacted with bank wire transfer instructions. Once payment is made and received, your trade will be quickly settled.

Important Considerations When Buying Litecoin via bitMachina

To get the best possible buying experience, consider the following:

When buying Litecoin using a card, you may need to inform your debit card or credit card company of your impending digital currency purchase to ensure the transaction isn't declined.

You also need to consider getting verified first if you wish to buy Litecoin via bitMachina with higher transaction limits. The sign-up process followed by a secure verification process raises transaction limits at counter locations and ATMs.

It also helps to understand the transaction fees charged for verified and unverified customers when buying or selling Litecoin among other cryptocurrencies.

Looking for Litecoin in Canada?

We completely understand why you might want to purchase Litecoin in Ontario, as it is a solid cryptocurrency with much to offer.

However, you want to be sure you are dealing with a legitimate cryptocurrency platform like bitMachina. After finding a trusted partner that deals with legitimate blockchain projects only, it’s up to you to decide your preferred payment method.

Most people who are just starting their crypto journey may be more comfortable with a platform that has a physical presence in Canada through in-store locations and ATMs and flexible payment methods.

BitMachina offers exactly that. If you prefer to buy online, you can also do so with bitMachina using your credit or debit card. For large transactions totaling or exceeding $25,000, you can buy via a wire transfer. The possibilities and endless! Buy Litecoin now.