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Buy Litecoin (LTC) in Australia

LTC

$100.67

24H Change
1.00%
24H Volume
$288M
Global Rank
#23
Market Cap
$5.1B

Litecoin Price

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About Litecoin (LTC)

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 Litecoin 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 (LTC) on the Swyftx cryptocurrency trading platform. Since Litecoin was first created by Charlie Lee, it 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?

Buying Litecoin on Swyftx's trading platform is fast and simple. 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 Australian dollars, and when you’re ready to buy, press the ‘Buy LTC’ option and your purchase will be completed. Once the transaction is complete, Litecoin will be instantly deposited into your Swyftx wallet. Once funds are transferred to your account you can begin to trade 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 digital currency 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.

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 and sell Litecoin on a cryptocurrency exchange such as Swyftx.

How to Buy Litecoin (LTC) in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy LTC

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Litecoin FAQs

  • Litecoin FAQs
  • Swyftx FAQs

Where do I buy Litecoin?

You can invest in Litecoin on Swyftx, Australia's highest rated crypto trading platform. Simply sign up, complete the verification checks and deposit AUD into your account. Once you have funds in your account, you can buy LTC and a range of other crypto assets.

Where is the best place to buy Litecoin?

The best place to buy Litecoin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Litecoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of Litecoin determined?

The price of Litecoin is determined by the forces of supply and demand in the market. Similar to other assets, the price of Litecoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Litecoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Litecoin with credit card?

Swyftx does not allow you to directly buy Litecoin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Litecoin instantly.

Top Traded Assets on Swyftx

By number of orders

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Period: Last 24 hours (AUD)

LTC Buys and Sells

By number of orders

69% Buy
69%
Buys
31%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Swyftx Learn

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What is Litecoin (LTC)? 

Litecoin is often seen as the silver to Bitcoin's gold. This article explores what Litecoin is, how it works, and why some people prefer it to Bitcoin. 

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.