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There are numerous platforms for trading cryptocurrencies. Each one has distinct advantages and risks. The best option is the cryptocurrency platform will accurately meet your needs and goals. As a Canadian, choosing the best cryptocurrency exchange could be challenging.
Canadians personally have trouble locating an exchange that runs correctly in the country. Due to the general public interest in cryptocurrency investments such as Litecoin investment, we can easily say cryptocurrency investment has come to stay.
Finding a wallet where you can store your LTC safely is a necessary step if you wish to purchase Litecoin. The difficulty is in sorting through all of the Litecoin-compatible wallets to select the one that best suits your requirements.
Hardware or software can be used to create Litecoin wallets. Hardware wallets, which store LTC offline, are the safest to use.
Software wallets are available as desktop programs, smartphone apps, or even browser extensions. When utilized properly, software wallet technology is still secure, but it is less secure than hardware wallets.
Read through as we will be discussing some of the best Litecoin apps that are accessible to Canadians whenever they want to store their Litecoin.
Canada’s top cryptocurrency app for Litecoin is BitBuy. This is a result of the reputation they have built over the years. Over 400,000 Canadian traders are now using this top-rated company since its 2016 debut.
Buying Litecoin and 14 other popular digital currencies is possible using the Bitbuy app, which works with both iOS and Android devices.
Canada’s Financial Transactions and Reports Analysis Centre oversees its regulation (FINTRAC). A trustworthy, practical, and secure option to purchase different cryptocurrencies is through the Bitbuy platform.
The cold-stored assets of Bitbuy were transferred to BitGo Trust Company in line with Canadian rules. The latter is a business with a focus on digital asset storage.
The majority of the time, opening a verified account with Bitbuy only takes a few minutes. The minimum amount you can deposit is $50, and you can then easily make a deposit using Interac e-Transfer.
In addition to having a 1.5% fee, Interac e-Transfer payments also credit your trading app account almost immediately.
Once the funds are received, you may use the Bitbuy app to purchase your Litecoin for a low commission of 0.20% on each slide.
The Bitbuy app also offers excellent customer support, which is accessible around the clock. If you have greater knowledge about digital assets and need a more sophisticated Litecoin app, Bitbuy can help.
To put it simply, you get access to more advanced trading tools through the Bitbuy Pro area of the program. Live order books, technical indicators, programmable timeframes, and more are included. Conversely, novice traders will value the Express Trade option, which only enables.
Canadians looking for a dependable, trustworthy crypto app have a wonderful second choice in CoinSmart.
CoinSmart has minimal trading costs, of 0.2%, the same as Bitbuy. Users’ accounts are promptly confirmed, and they provide fantastic customer service that is available around the clock.
The Ontario Securities Commission has acknowledged CoinSmart as a Registered Marketplace since it belongs to the anti-money laundering group TRUST. It is obvious that the exchange is very safe because it is listed as a Money Services Business with FINTRAC.
Not only that but it has also been recognized as a Registered Marketplace by the OSC. They uphold a 95% cold storage policy, and being a publicly traded business, they have their financials audited by a third-party entity at least once annually.
When you fill out your account as a new CoinSmart user, you’ll get a $50 bonus that you can use to purchase Litecoin or any of the other assets that CoinSmart supports. CoinSmart is a great option if you’re looking for a trustworthy, highly secure cryptocurrency platform.
One of the most significant and varied cryptocurrency ecosystems can be found on Crypto.com right now. You may maximize your earnings from the digital asset area by utilizing its large range of products and services. You’ll gain access to over 250 coins as soon as you download the Crypto.com app and create an account.
To build a diversified portfolio, you can buy and sell a wide range of cryptocurrency coins, including Litecoin.
The market maker or taker pricing model is used by the Crypto.com app, which is available for both iOS and Android. You will pay 0.40% for each slide as a retail client who trades in tiny amounts, which works out to just $0.40 for every $100 staked. However, if you have CRO tokens in your staking wallet, you will be given cheaper costs.
You have the option of depositing tokens into an interest account in addition to using the top cryptocurrency exchange offered by this top software provider. Depending on the cryptocurrency you choose and if you want a 3-month, 1-month, or flexible period, you can earn a range of interest rates.
But right now, 14.5% APY is the best rate available, which is highly appealing. You can also take out a loan against your digital asset portfolio if you choose the Crypto.com app.
Binance is the next entry on our listing of the best Canadian cryptocurrency apps. This well-known trade, used by more than 100 million people globally, may be relevant to you. Additionally, Canadians enjoy access to the worldwide platform even though the US version of Binance only supports 80 digital currencies including Litecoin.
You will therefore be accessible to about 1,000 markets and a minimum of 600 cryptocurrencies after installing the Binance app and setting up your account. There are a ton of high, medium, and small-cap tokens included in this, so there are always trade opportunities available.
Using a debit or credit card to deposit into the wallet is possible using the Binance app. Deposits made using bank transfers and cryptocurrency are also accepted.
When it comes to user-friendliness, seasoned traders looking for more sophisticated tools frequently favor Binance. Numerous features, like chart patterns, chart-drawing tools, and live order books are available in the Binance app.
Having said that, the instant buy function on the Binance app is ideal for newbies because all you have to do is select your desired cryptocurrency and stake, as well as enter your Visa or MasterCard information. The cryptocurrency savings accounts in the Binance app are a further well-liked feature that we appreciate.
For those of you who are unfamiliar with the world of virtual currencies, Coinbase offers a straightforward cryptocurrency exchange and mobile application. Open an account and upload identification before you may invest. You shouldn’t need more than 10 minutes to do this from beginning to end.
The Coinbase app, which is available for free download on Android and iOS devices, allows you access to more than 50 different digital currencies. This includes the majority of large-cap tokens, including Litecoin and many others. BNB and Ripple are notable exceptions in this regard because they are not supported.
Another thing to keep in mind about the Coinbase app’s fee structure is that you will be charged 3.99% per transaction if you want to instantaneously purchase cryptocurrency using a Visa or MasterCard.
The only method to lower this price is to make a free bank transfer deposit of your money. Savings accounts are not available on Coinbase, in contrast to Crypto.com and Binance.
Staking allows you to continue to receive interest on your dormant digital currencies. This has a maximum payout of 5% and is available on six different cryptocurrency assets.
Tens of millions of users utilize Coinbase, which was created in 2012 and has a solid reputation. The platform has now become an organization with shares listed on the NASDAQ.
Toronto is the home of the cryptocurrency trading website Coinberry. With a focus on innovation, it has worked with the cities of Innisfil and Richmond Hill to introduce bitcoin tax payments. Furthermore, the Coinberry platform is the first in Canada to offer 0% transaction costs.
Similar to many of its rivals, Coinberry generates revenue by tacking on a variable margin that can range from 0% to 2.5% on the pricing of various cryptocurrencies, depending on market turbulence. Litecoin, for example, has a fixed rate of 0.02 for several cryptocurrencies.
Available payment options include credit card, bank transfer, and Interac e-Transfer. Another alternative is to deposit cryptocurrencies, however, just two are available which are Bitcoin and Ethereum. Regarding the withdrawal, Litecoin and Ripple are two additional cryptocurrencies introduced to the list.
Newton offers a user-friendly mobile app with high ratings for both the iPhone and Android platforms, and it supports more than 75 cryptocurrencies. Depending on the cryptocurrency you’re trading, Newton’s spreads are usually between 0.2% and 0.7%, and there are no trading fees.
In light of this, Newton is in fact more expensive overall than Bitbuy and CoinSmart due to its greater spreads. However, Newton is a trustworthy exchange with knowledgeable customer care specialists, making it a good choice for Canadian cryptocurrency traders.
The factors covered below should be taken into account while selecting the finest crypto trading app in Canada for your trading needs and skill set. This will guarantee that your selected cryptocurrency software is a good fit for you.
A safe and regulated trading environment is provided by the top Canadian cryptocurrency apps. For instance, Bitbuy has received approval to provide cryptocurrency brokerage services in Canada.
Then there is Coinbase, which is permitted to serve Canadian citizens even though it is controlled in the US. Although some Canadian Litecoin apps are unlicensed, it is best to stay away from these suppliers.
When selecting the finest Litecoin app, consider the user’s experience as well. The best user interfaces for iOS and Android can be found on websites like Bitbuy and Crypto.com.
It is observed that for these two apps, setting them up and locating our favorite crypto assets took only a few minutes. We also had no trouble placing investment orders.
The supplier must support your preferred markets if you want to select the top Litecoin app in Canada for your trading needs.
Traders always prefer cryptocurrency applications that are open and honest about their fees. Having said that, we occasionally had to conduct extensive research to determine the costs the app provider levies for particular services.
Bitbuy is one of the most reasonably priced cryptocurrency apps overall because you just pay 0.2% every slide when buying and selling tokens. Additionally, deposits are assessed a 1.5% fee.
The provider’s website should be checked to confirm that any particular trading tools you’re seeking, like technical indicators or live pricing alerts, are provided.
You can deposit money into several of the cryptocurrency applications covered today using Interac e-Transfer, which is typically paid to your account in a matter of minutes. Some services, like Crypto.com, support debit and credit cards as well.
Check the equivalent of the minimum deposit and withdrawal amounts.
The top Canadian cryptocurrency apps provide round-the-clock customer service. For instance, the support staff of Bitbuy is available around-the-clock. This guarantees that Bitbuy has you covered at any time of day when you require support.
Make your money do more.
Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.
It is true that using, buying, and selling cryptocurrencies are all legal in Canada. However, the Canadian government has made no indication that it will soon embrace cryptocurrencies as legal cash, and they are not officially regarded as such in Canada.
In Canada, Bitbuy is the most popular and the best Litecoin app. Most times, the recommendation of a product matters most in choosing among alternatives. Canadians recommend the Bitbuy app because of its simplicity, high level of security, and affordable costs.
Low fees of as little as 0.5% are available on a lot of Canadian cryptocurrency exchanges. For people who join the premium platform, these reasonable rates might even be lower. The least expensive fees are offered by Bitbuy, though.
The safest Litecoin wallet in Canada is Bitbuy, which protects your account using your fingerprint, facial scanning, and other security measures. Even if there are challenges that warrant you losing your gadget, your money will still be intact. The industry's best security ensures that you never have to worry about losing your money, even if your mobile is stolen or lost. so far you still remember the login details, no one, not even hackers, can access a Bitbuy wallet.
Investors have a wide range of options when selecting the finest Litecoin app in Canada. Identify the basic provider's regulatory reputation and the trade costs when choosing the best app for you.
Yes, Bitbuy is legitimately active in Canada. All of the other cryptocurrency exchanges that are suggested in this article run successfully and legally in Canada.
See the top crypto deals and welcome bonuses on the market.
