Paybis for Litecoin: The Easy Way to Start with LTC Today (No Jargon)

Key Takeaways

Litecoin (LTC) processes transactions in 2.5 minutes vs Bitcoin’s 10 minutes, with fees under $0.03. We let you buy Litecoin in under 15 minutes using your credit card. Verify your identity with photo ID and selfie (2 minutes), select your LTC amount, pay with Visa or Mastercard, and receive crypto in your wallet. Fees are transparent and simple with Paybis: Service Fee (0% for first LTC card purchase) + Processing Fee (4.5%) + Network Fee (pennies). We’re FinCEN-registered, operate in 180+ countries, and offer 24/7 live chat support in multiple languages.

You want to buy Litecoin today. Not after watching 45 minutes of YouTube tutorials about “limit orders.” Not after your bank transfer clears next week. You just want to own some LTC before dinner. We get it, and we also get the headaches that other exchanges can create for you.

Here’s the problem: Traditional crypto exchanges show hundreds of trading pairs with overwhelming charts. Many platforms make you wait 3-5 business days for bank transfers to clear. You’re stuck Googling “is this a scam?”

This guide cuts through that confusion. By the end, you’ll understand what Litecoin is, why it’s practical for everyday use, and how to buy it in 10 minutes.

What Is Litecoin (LTC) and Why Does It Matter?

Charlie Lee, a former Google engineer, created Litecoin in October 2011. He designed it as “the silver to Bitcoin’s gold,” faster and lighter for everyday transactions rather than long-term storage.

Here’s what makes Litecoin different:

• Speed: Litecoin generates blocks every 2.5 minutes, confirming transactions four times faster than Bitcoin’s 10-minute blocks. When you’re splitting a restaurant bill, those 7.5 minutes matter.
• Cost: The average Litecoin transaction fee is less than a penny, typically $0.003 to $0.03. Compare that to Bitcoin’s average fee of $0.42-$1.63.
• Supply: Litecoin’s supply is capped at 84 million coins, four times Bitcoin’s 21 million. This larger supply keeps individual coin prices lower, making it easier to buy “whole coins” instead of fractions.

Litecoin isn’t trying to replace Bitcoin. It complements it. Bitcoin serves as a store of value while Litecoin handles everyday transactions with faster confirmations and lower fees.

Litecoin vs Bitcoin: The Silver to the Gold

If you’re wondering “why not just buy Bitcoin?” here’s the honest comparison:

Feature	Bitcoin (BTC)	Litecoin (LTC)
Block Time	10 minutes	2.5 minutes (4× faster)
Transaction Speed	~7 tx/second	~56 tx/second
Average Fee	$0.42–$1.63	$0.003–$0.03
Max Supply	21 million	84 million

The takeaway: Bitcoin’s track record makes it better for long-term holding. Litecoin’s speed and low fees make it better for actually using crypto, sending money to friends, paying contractors, or making purchases.

Why Use Paybis for Litecoin Purchases?

Most crypto platforms fall into two categories: exchanges built for traders or beginner platforms that are painfully slow. We built Paybis for a third category, people who just want to buy crypto and get on with their day.

2-minute verification, not 4-hour waits

Our verification takes under 2 minutes for 80% of users. Upload a photo of your government ID, take a selfie, and our automated system approves you. When you decide you want crypto, waiting until tomorrow kills your momentum.

See how this simple, fast signup, works in practice in our tutorial below:

Instant card transactions, not 3-5 day bank transfers

Pay with your Visa or Mastercard and your Litecoin arrives within minutes, often under 60 seconds. We also support Apple Pay, Google Pay, PayPal, and 70+ other payment methods depending on your country.

“What I like most is how simple it is: I just pick how much crypto I want, pay with my card, and in about 10-15 minutes the coins are already in my wallet.” – Verified user review of Paybis

No charts, No Jargon, Just a Calculator

We show you one simple calculator: “You send $500 USD → You get X LTC.” That’s it. No candlestick charts. No dropdown menus with hundreds of trading pairs. If you’re buying Litecoin for the first time, you don’t need to learn what “maker/taker fees” mean.

Fees Shown Before You Pay (Not After)

Every fee is displayed upfront: Service Fee + Processing Fee + Network Fee = Total. No surprises when your credit card statement arrives. Transparency matters when you’re trusting a platform with hundreds of dollars.

Watch how to use our dynamic transaction calculator for any of our cryptocurrencies to see the exact fee breakdown:

24/7 Support That Actually Responds

We offer live chat in multiple languages with response times under 5 minutes. When your transaction is stuck or you can’t figure out why your card was declined, you can talk to a human at 3 AM on Sunday.

“Easy to use and fast!” – Verified user review of Paybis

Regulated and Registered Since 2014

We’re registered with FinCEN (U.S. Treasury, MSB #31000224635628) and FINTRAC (Canada). We’ve operated since 2014 with a strong security track record, transparency that matters when exchanges disappear overnight.

How to Buy Litecoin in 4 Steps

Here’s the complete process from “I have zero crypto” to “I own Litecoin” in under 15 minutes:

1. Select Litecoin in the Calculator

Go to Paybis or open our mobile app on iOS/Android. The homepage shows a calculator: “You send [amount] → You get [crypto].”

• Select your currency (we support 150+ fiat currencies)
• Choose Litecoin (LTC) from the dropdown
• Enter how much you want to spend (minimum $4 for cards, maximum $20,000)

The calculator instantly shows how much LTC you’ll receive and the total fee breakdown before you create an account.

2. Verify Your Identity (2 minutes)

Click “Buy Now” and create your account with your email. You’ll immediately start verification:

• Enter your full name, date of birth, and address
• Upload a photo of your government-issued ID
• Take a selfie with your phone to confirm it’s you

We use automated verification that checks your documents in real-time. Around 85% of users get approved within 2 minutes. If you’re rejected (uncommon), the system tells you exactly what to fix, usually “retake ID photo with better lighting.”

3. Choose Your Payment Method

We accept cards (Visa, Mastercard), digital wallets (Apple Pay, Google Pay, PayPal), bank transfers (SEPA, ACH), and 70+ other local payment methods.

For speed, choose a card. Enter your card details and approve the 3D Secure verification (a text code or push notification from your bank). The payment processes instantly.

We lock your price for 15 minutes, so you won’t lose money if the Litecoin price moves while you’re completing the transaction.

4. Confirm and Receive Your Litecoin

Review the final breakdown one more time: Service Fee + Processing Fee + Network Fee = Total. Click “Confirm Payment.”

Your Litecoin transfers to your wallet automatically, no need to enter a wallet address. Card purchases typically arrive within 1 minute. You’ll receive an email confirmation with a blockchain explorer link showing your transaction.

“When I purchase with my card, the transaction is completed in just moments, and the cryptocurrency is delivered straight to my wallet.” – Verified user review of Paybis

Understanding the Fees: Cost Breakdown

We charge three types of fees, and we show you all of them before you click “buy.” Here’s exactly what you’ll pay:

Service Fee (Our Commission)

This is how we make money. The minimum is $2 USD to cover operational costs.

• First Litecoin purchase with a card: 0% service fee (you pay $0, this is our new user promotion)
• Subsequent card purchases: 2.49% service fee
• Bank transfers (SEPA, ACH): 0.99% service fee

Processing Fee (What the Payment Processor Charges)

This goes to Visa, Mastercard, PayPal, or whoever processes your payment. We don’t keep this.

• Cards (USD, EUR, GBP, JPY): 4.5% for purchases over $50
• Cards under $50: $2 flat fee ($5-$20 purchases) or $3 flat fee ($20.01-$50)

Network Fee (Blockchain Miners’ Cost)

This goes to Litecoin miners who confirm your transaction. Network congestion determines the exact amount, usually $0.01-$0.05. All payment methods include this fee. The Litecoin network sets this rate, not us.

Real Example: Buying $500 of Litecoin with a Card (Second Purchase)

• Your payment: $500.00
• Service Fee: $12.45 (2.49% × $500)
• Processing Fee: $22.50 (4.5% × $500)
• Network Fee: $0.03
• Total charged: $534.98
• Litecoin you receive: Worth $500 at current market price

You’ll get your crypto in 15 minutes instead of 5 days, and support if you need it. If you need Litecoin today and want a human to help when something breaks, Paybis is the all round winner.

Storing Your Litecoin: The Wallet

When you buy Litecoin with us, it automatically goes into your wallet. This is a custodial wallet, which means we manage the security for you.

Custodial Wallet Explained

With a custodial wallet, we hold the private keys (like passwords) for your crypto. The benefit: if you forget your password, our support team can help you recover your account. With non-custodial wallets, forgetting your seed phrase means your crypto is permanently lost. No recovery option exists.

Our Security Features

We use Multi-Party Computation (MPC) technology, which splits your private key into fragments stored across multiple secure locations. Your complete private key never exists in one place, making it nearly impossible for hackers to steal.

We store all cryptocurrency in cold storage, offline servers with no internet connection. We keep only a small percentage online for immediate withdrawals, with the majority held offline in secure facilities.

Additional security: Two-factor authentication (2FA) required for all accounts, SSL encryption for all communications, and PCI DSS Level 1 compliance.

“Very user friendly and easy to navigate the system.” – Verified user review of Paybis

The trade-off: Custodial wallets mean you’re trusting us to keep your funds safe. We’ve operated since 2014 with a strong security track record. For long-term holdings (years), consider moving your Litecoin to a hardware wallet once you’re comfortable with crypto. For getting started and holdings under a few thousand dollars, our wallet’s convenience and security work well.

Watch how Paybis’ custodial Bitcoin-compatible wallet with on-chain verification keeps your crypto safe with easy access.

Ready to Buy Your First Litecoin?

We make buying Litecoin as simple as ordering something online: verify in 2 minutes, pay with your credit card, and receive LTC in your wallet within minutes. Yes, our fees are higher than trading platforms designed for professionals. But you get speed (not 3-5 day waits), simplicity (no charts), and 24/7 support when you need help.

Your first Litecoin purchase with a card has zero service fees from us, just payment processing and network costs. See exactly what you’ll pay before you commit. No surprises.

Start buying Litecoin or download our mobile app for iOS/Android.

Key Terminology

Wallet: A digital app that stores your cryptocurrency. Think of it like a bank account for crypto, it holds your coins and lets you send or receive them.

Network Fee: The cost paid to blockchain miners who confirm your transaction. This goes to the Litecoin network, not to us. Typically pennies for Litecoin transactions.

Cold Storage: Keeping cryptocurrency on offline servers with no internet connection, making it nearly impossible for hackers to access. We store all user funds in cold storage.

Block Time: How long it takes for the network to process a new group of transactions. Litecoin’s 2.5-minute block time is four times faster than Bitcoin’s 10 minutes.

Custodial Wallet: A wallet where a company (like us) manages the private keys for you, similar to how a bank manages your bank account. More convenient but requires trusting the platform.

KYC (Know Your Customer): Identity verification required by regulations. We ask for photo ID and a selfie to comply with anti-money laundering laws and keep the platform secure.