Different nicotinic acetylcholine receptor (nAChR) subtypes are implicated in learning, pain sensation, and disease states, including Parkinson disease and nicotine addiction. ␣-Conotoxins are among the most selective nAChR ligands. Mechanistic insights into the structure, function, and receptor interaction of ␣-conotoxins may serve as a platform for development of new therapies. Previously characterized ␣-conotoxins have a highly conserved Ser-Xaa-Pro motif that is crucial for potent nAChR interaction. This study characterized the novel ␣-conotoxin LtIA, which lacks this highly conserved motif but potently blocked ␣32 nAChRs with a 9.8 nM IC 50 value. The off-rate of LtIA was rapid relative to Ser-Xaa-Pro-containing ␣-conotoxin MII. Nevertheless, pre-block of ␣32 nAChRs with LtIA prevented the slowly reversible block associated with MII, suggesting overlap in their binding sites. nAChR  subunit ligand-binding interface mutations were used to examine the >1000-fold selectivity difference of LtIA for ␣32 versus ␣34 nAChRs. Unlike MII, LtIA had a >900-fold increased IC 50 value on ␣32(F119Q) versus wild type nAChRs, whereas T59K and V111I 2 mutants had little effect. Molecular docking simulations suggested that LtIA had a surprisingly shallow binding site on the ␣32 nAChR that includes 2 Lys-79. The K79A mutant disrupted LtIA binding but was without effect on an LtIA analog where the Ser-Xaa-Pro motif is present, consistent with distinct binding modes.