Buy Litecoin trusted and quickly

Buy Litecoin quickly, safely and reliably at SATOS. ✅ Free remote assistance ✅ No hidden costs ✅ No account required ✅ Be your own bank

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currency symbol Litecoin

Frequently Asked Questions

How long does it take before I receive my Litecoin order?

We generally process transactions quickly. You should receive your purchased Litecoins within only 15 minutes. When processing your order, however, we are still dependent on banks and the traffic on the blockchain. Is this your first order at SATOS? Then we will first have to verify your bank account. This only takes a couple of additional minutes.

Is there a minimum amount of Litecoin I have to buy?

You can place your Litecoin order from EUR 50 and up. With orders of less than EUR 50 in value, the transaction costs would become disproportionally high. We want to avoid such scenarios for our customers.

Is there a limit to the amount of Litecoin I can buy?

No, we do not have a Litecoin purchase limit. We do have a EUR 10,000 transaction limit per iDEAL-payment. Nevertheless, it's certainly possible to place multiple consecutive orders of EUR 10,000.

Which payment methods does SATOS also accept?

Besides iDEAL, you can also pay for your order using Bancontact and Belfius. Would you rather make use of wire transfer? Then you can opt for the ‘SEPA’ option.

Can I also use a credit card to buy Litecoin?

We do not offer this payment method yet. We do work hard to implement this feature in the future.

What are the costs of buying Litecoin through SATOS?

The costs are on average 1-2% of the purchase amount. These are the costs that we charge for our services. These costs depend on supply and demand and differ per crypto currency. As a rule of thumb, the larger the amount, the more favorable the exchange rate!

Can I buy Litecoin anonymously through SATOS?

Unfortunately, due to legal obligations, this is not possible at SATOS. Read our KYC / AML policy for more information.

What does SATOS use my personal data for?

We consider it essential that your personal data is handled with great care. Would you like to learn more about this? Please have a look at our privacy policy.

Can you transfer my Litecoin order directly to an exchange?

As can be read in our terms of use, we can unfortunately not guarantee that your cryptocurrency will arrive if you send it directly to an exchange. We therefore recommend that you always use your own wallet. If you decide to use a wallet address from an exchange, keep in mind that it can sometimes take a little longer before your order is on the exchange in your wallet. Exchanges generally wait for a number of confirmations from the network before they adjust your balance.

Should I use my own bank account to buy Litecoin?

In principle, yes. If you do choose to use someone else's bank account to buy Litecoin, we do require written approval. Please contact us in advance if you plan to use a different account.

I would like to pay for my order with a business account. Is this possible?

Yes, this is possible, but you should be aware that tax-wise, your purchase will then be considered a business investment. It means that you will need to pay a profit tax.

I need assistance; what is the most convenient way to reach you?

The SATOS team is available seven days per week from 10 AM to 6 PM. You can reach us by using the live chat, through e-mail or writing us on social media. Always first check our support-page to see if the answer to your question is perhaps already listed there.

Install a good virus scanner

With your own Litecoin wallet, you are in complete control of your assets. At SATOS, we consider this perhaps the most essential aspect of cryptocurrencies. However, this also means that you are responsible for the security and safe storage of your Litecoins. Prevent criminals and scammers from stealing your hard-earned cryptocurrency by reading more about known forms of bitcoin fraud.

Always make a backup of your wallet

Always back up your Litecoin wallet before you start trading. It would be unfortunate if you lose access to your cryptocurrencies because you have lost your private key (your unique wallet access code) or your password. Do you need help making a backup? On our Litecoin wallet page, we guide you through this process. To make it easy for you, we have described a number of tips that can help you safely store bitcoin and other cryptocurrencies.

Consider your inheritance

No one likes to consider this, but it is essential nevertheless. Always ensure that someone you trust has access to your cryptocurrency assets. Another solution is to hand half of your private key or password to a notary, and to grant the other half to a trustee!

Pay taxes on your crypto assets

Cryptocurrencies need to be reported to the tax authorities. Don't postpone this until it's too late, because before you know it, you will be stuck with heaps of illicit funds. As such, always timely file your Litecoin funds with the tax authorities. In the Netherlands, the first 30,000 euros are even exempted from taxation. Would you like to learn more about crypto and paying taxes? Then take a look at the page we wrote about this subject. At this moment, Litecoin is not yet recognised as an official currency. Still, most countries require you to pay taxes on it. Consider, for instance, the income tax, corporate tax, asset tax and turnover tax. After all, everything that carries value has to be reported to the tax authorities. It's your responsibility to report your crypto funds. But to help you out a bit, we have listed the dutch bitcoin tax legislation here.

Select a customary miner fee

Litecoin is known for its cheap transactions. This doesn't mean, however, that you can ignore the miner fee. It's unnecessary to grant miners an excessive amount of Litecoin, but if your fee is considered too low, you may have to wait very long before your transaction is processed. Hence, when making a transaction, always check the current customary fee.

Be prepared and do your research

There are a few things you should be aware of before you decide to jump into a crypto market like Litecoin. Managing Litecoin (i.e. sending and receiving it) works differently than with traditional forms of money offered by banks. It's vital that you understand this difference before you start trading. Treat your Litecoin just like you would treat the cash in your wallet or the balance on your bank account. Sometimes, you may even have to be more cautious than usual. You are the one in charge, after all. Also have a look at our cryptocurrency knowledge base where we have collected a number of articles for beginning cryptocurrency users.

The Litecoin exchange rate is volatile

At the time of writing, the value of Litecoin jumps up and down far more rapidly than average investment products. This is due to the fact that cryptocurrencies are still in an early stage of development. Besides, the markets used for trading these coins isn't liquid enough yet, which also leads to substantial rate fluctuations. It's because of this instability that it'd be unwise to invest all your savings in cryptocurrencies. Think twice before you decide to invest, always do your research, and never invest more than you can afford. Are you interested in learning more about the Litecoin exchange rate? Then check our Litecoin price analysis. Here we explain the dynamics behind Litecoin pricing.

Litecoin transactions are irreversible

One of the exciting aspects of digitalised currencies that make use of blockchains is that transactions are irreversible. If you have transferred Litecoin to someone else, you cannot just easily get it back. No one can revert the transaction for you. Therefore, always carefully check whether the recipient address you entered is correct. Even a small typo can cause your Litecoin to forever disappear. To prevent mistakes, we advise our customers to always copy-paste recipient addresses, and not to retype them. Avoiding such mistakes is of the essence in the crypto sphere, because there's just no way to undo them. Fortunately, more and more Litecoin wallets appear on the market with automatic verification features checking addresses for errors. Until such useful features become more commonplace, it's good to remain alert when trading.

Litecoin is not anonymous

Media like to proclaim that cryptocurrencies serve as an ideal payment method for criminal activities, because of their anonymous nature. However, this notion completely disregards the fact that a public blockchain is accessible for everyone, and that everyone can have a look at your entire transaction history. This is why you should be extra careful when submitting personal data, as this could lead to a scenario where people can link your identity to your wallet address. Once people find out that you are the owner of a particular wallet, they will be able to see how much Litecoin you have in possession, and how many transactions you have completed. In the crypto environment, the responsibility for guarding your privacy lies entirely with you.

Can I also sell Litecoin at SATOS?

It's not only possible to buy cryptocurrency from us; you can also sell it to us! We consider it essential to offer our customers a platform that they can always fall back on to transfer their euros to cryptocurrency and vice versa. Therefore, you can also use our services to sell your Litecoins for euros.

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages: 

Buy and sell Litecoin on the fly

Payments can be made quickly and easily with iDEAL, Bancontact or SEPA and transactions are processed almost immediately (also during the weekend).

Safe and reliable

SATOS has more than 5 years of experience in buying and selling litecoin and your cryptocurrency remains in your own control.

24/7 Support

SATOS offers live help and support via chat and social media, 7 days a week! We are happy to help you on your way with buying litecoin.

Buy Litecoin in 3 easy steps

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Create a Litecoin wallet

At SATOS, we aim to make purchasing cryptocurrencies as convenient as possible. That's why we decided to operate without website accounts. The only thing you will need to purchase Litecoin from us is your own Litecoin wallet. If you do not have such a wallet yet, we recommend you to have a look at our dedicated Litecoin wallet page, where we explain how this process works. A Litecoin wallet is best described as a bank account that you are in complete control of!

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Place a Litecoin order

After you have created a Litecoin wallet, the rest of the process becomes a piece of cake. We will first like to know how much Litecoin you wish to buy. You will then be shown the real-time exchange rate that we use to process your order. Do you agree with the proposed rate? Then click on ‘Place order’. In the next screen, you will be asked to enter your email address and Litecoin recipient address. You can find your recipient address in the Litecoin wallet you have just created (in case you didn't already possess one).

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Buying Litecoin with iDEAL

Now you have already arrived at the final stage of the Litecoin buying process at SATOS, which consists of paying for your order. You can choose to pay with iDEAL, Bancontact, or SEPA. We recommend iDEAL, because your order will then already appear in your wallet in only a few minutes. Was your payment successful? Congratulations! Within just a few minutes, you will be the proud owner of your very first Litecoins!


Why do people invest in Litecoin?

The first succesful Bitcoin split-off

Litecoin has already been around since 2011. It's one of the first and most successful Bitcoin split-offs.

Digital silver

People invest in Litecoin because it aims to complement Bitcoin. Whereas Bitcoin is the digital gold, Litecoin is the digital silver.

Lighter and faster

Litecoin is a lighter and faster version of Bitcoin focusing on everyday payments.

SegWit

Litecoin has always been one of the first to adopt new technologies. For instance, it was the first coin to implement SegWit (a feature that makes the storage of transactions more efficient).

Lightning Network

The first-ever Lightning Network transaction was also conducted with Litecoin.

Atomic swaps

Finally, on September 20, 2017, Litecoin became the first coin to participate in a direct transaction between two different blockchains, a so-called atomic swap.