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Buy Litecoin Australia (LTC)

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Buy Litecoin Australia (LTC)

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AUD

LTC

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Current global rank based on market cap.

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The total value based on current price x supply.

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The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

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What is Litecoin

Litecoin is a peer-to-peer cryptocurrency that was modelled after Bitcoin and designed to offer some key improvements to Bitcoin’s model. Some of the benefits LTC initially sought to improve on included faster transaction times and near-zero transaction fees while still maintaining many of Bitcoin’s other characteristics.

Litecoin should continue to be a force for years to come. Users can buy Litecoin on the Swyftx cryptocurrency trading platform. Since LTC was first created by Charlie Lee, LTC has been an anchor in the digital currency industry.

As an emerging asset class, digital currency is often considered to be similar to precious metals in regard to its scarcity. Bitcoin is often compared to gold and is considered by many to be a form of ‘digital gold.’ Similarly, Litecoin is considered silver to Bitcoin’s gold. Litecoin has a strong pool of developers, and an active community, both helping to move its adoption and integration by mainstream finance and payment systems. Litecoin has consistently maintained its position as one of the top digital currencies in the space in terms of its total market value and daily trading volume.

How do I buy Litecoin in Australia?

You can buy Litecoin on Swyftx’s fast and simple cryptocurrency exchange. All that’s required once you log into Swyftx is to select the amount of Litecoin that you want to buy, or the Australian dollar amount equivalent of Litecoin that you want to buy. You’re shown the current price in AUD, and when you’re ready to buy, press the ‘Buy Litecoin’ option and your purchase will be completed. Once the transaction is complete, Litecoin will be instantly deposited into your Swyftx account. Once funds are transferred to your account you can begin to buy Litecoin immediately along with other cryptocurrencies. Then you can buy whichever trading pair you want, whether that be AUD/ LTC or any other type of cryptocurrency you want to buy with your account.

Litecoin vs Bitcoin: What’s the difference?

Litecoin was created based on the Bitcoin protocol and shares many similarities with the world’s largest cryptocurrency. However, there are some key differences separating LTC and BTC. Namely, Litecoin blocks are generated 4 times quicker than Bitcoin blocks. This means that Litecoin transactions can be completed in a quarter of the time of bitcoin transactions. Additionally, the supply maximum of Litecoins is much larger than the supply of BTC. There is a maximum limit of 84 million Litecoins that can be created, compared to Bitcoin’s 21 million.

Buy Litecoin with a credit or debit card

On Swyftx’s cryptocurrency exchange, you can deposit AUD into your account using a credit or debit card. Once the money has been successfully deposited in your account, you can use this to buy Litecoin.

Buy LTC with bank transfer

Another option to buy Litecoin LTC on the Swyftx trading platform is by depositing funds into your account via a bank transfer. Bank transfers can be made using your BSB and account number. If your bank supports instant transfers (OSKO), you could have the funds in your account within a matter of minutes. This can be used to buy LTC.

Can you mine Litecoin?

Much like Bitcoin, new Litecoins are created by being mined. Mining is performed by high-powered computers that seek to solve complex maths problems that cannot be solved by hand. When the computers solve these problems, a new Litecoin is produced. Although still somewhat profitable, mining Litecoin has increased in difficulty over the years. These days, mining Litecoin and other cryptocurrencies are dominated by large companies with extensive resources, budgets and computational power. Fortunately, you can acquire Litecoin in other ways other than mining it. For instance, you can buy Litecoin on a cryptocurrency exchange such as Swyftx.

How can I store Litecoin?

When you buy Litecoin, the are a number of ways to store it. Swyftx offers a free personal wallet that is integrated into your account when you sign up. This wallet allows you to keep your Litecoin and other digital assets in one easy-to-access, secure place. A cryptocurrency wallet is thoroughly recommended to securely maintain and manage your cryptocurrencies. it is an important mechanism that is required to send, receive and store your digital currencies, and interact with various blockchains.

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Litecoin (LTC)

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Rated 4.8 out of 5 based on 1960 reviews

AJcryptoWA
AJcryptoWA
2021-03-18
Verified
Swyftx is a great user friendly platform with fast, secure transactions and low fees. The recent upgrades have given the platform some great aesthetics and they have a friendly, helpful team who are quick to assist you when required.
Toni B
Toni B
2021-03-17
Verified
This app works really good and you trust it. You can deposit and withdraw you money safely and quicker than any other app.
Manish
Manish
2021-03-17
Verified
Excellent customer service and broad range of crypto available.
Kerem
Kerem
2021-03-17
Verified
Swyftx is a good trading platform for both beginners and old time traders, you can use this with ease and get all of your stuff done like every other application. However there is one area Swyftx shines more than any other trading platform, and it is the customer help centre, I have never experienced such professional caring work from a trading platform like this one, I will continue using this application for a long time. Keep up the work guys!
JS
JS
2021-03-16
Verified
Customer support are very reliable. No fuss and eager to help. Thanks
Mark
Mark
2021-03-16
Verified
Easy to use platform with plenty of information available at your fingertips. Helpful staff who resolved a small issue I had simply and quickly. Great product!
Jax
Jax
2021-03-16
Verified
KAJ
KAJ
2021-03-16
Verified
The support team and user-friendly interface is top-notch! They consistently update the site and truly listen to the customers. I'm particularly fond of the "Bundle" buy feature that lets you make bulk order on your favourite cryptocurrencies.
Angelo Demetriades
Angelo Demetriades
2021-03-15
Verified
Jamied
Jamied
2021-03-15
Verified
Swyftx is my go to crypto trader it’s easy to use and they don’t rip you off
Trustpilot rating score: 4.8 of 5, based on 1961 reviews.

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