How to buy LTC Litecoin in Australia in 2023 Step-by-step Guide

how to buy litecoin

Sign in with your verified TRASTRA account, select a wallet to accept your purchase, and then select LTC. On PayPal you can buy 4 coins, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. But you can use PayPal to deposit funds into the top exchanges where you can buy hundreds of different coins. Enter the details and choose PayPal from the list of payment options. If it is available, you’ll then be asked to add your PayPal account details before confirming the payment.

  • While it remains part of the EEA, the funding options include a free SEPA deposit in Euro.
  • In most cases, if you scroll down to the bottom of the website in question, it will display which regulators it is authorized by.
  • Sure, it is a decentralized payment network that supports fast, cheap, and secure transactions.
  • If you want to use the SEPA option, follow this simple and concise instruction.

You could buy Litecoin when the price is low then hold on to it until the price goes back up. Once the price has risen and does not look to rise again, you can sell it for profit. Needs to review the security of your connection before proceeding. You can store Litecoin in your Bittrex wallet or transfer it externally to another private wallet.

Regulation is up there when it comes to choosing a broker to buy Litecoin, as we’ve touched on. Put simply, regulatory bodies enforce strict rules on crypto platforms. This provides you with a safeguard against financial sharks in the space.

  • Select a seller to work with, paying attention to their chosen payment method, and begin arranging the details.
  • This has happened to countless exchanges that operate without a license.
  • Thus, enabling the platform to offer you access to buy Litecoin.
  • If your bank supports instant transfers , you could have the funds in your account within a matter of minutes.
  • Depending on your selected platform and country of residence, you can either buy Litecoin (LTC) or trade Litecoin CFDs.
  • Put simply, this meant creating a digital payments network that is faster and more scalable.

If you bought Litecoin at an online broker, you simply need to click on the ‘sell’ button from within your portfolio. The funds should be added to your brokerage account instantly, and then available for withdrawal. This is a subjective question as it really depends on your own personal views. There is no denying that Bitcoin is the de-facto cryptocurrency of choice and is always likely to be.

How to Buy Litecoin (LTC) On Binance – Step By Step Guide

Moreover, Coinbase clients are liable to 3.99% on all debit card transactions. So, if you were to buy Litecoin at a stake of $500, you would need to pay $19.95 to the platform. In the early days, wire transfer via an unregulated third-party crypto exchange was often the only option to buy Litecoin. Whilst this might sound appealing, we should mention that these crypto exchanges are often unregulated – therefore you are heightening your risks. is a global cryptocurrency exchange platform that currently does not operate in the US, still you are welcome to browse and find out more. is a Gibraltar-based licensed platform that provides crypto exchange services for European, UK and Australian residents. is a US-based licensed platform that provides crypto exchange services for US residents. All crypto transactions are scrutinised during the verification process and they are approved according to the existing line. Founded in 2013 as a crypto broker, the Netherlands-based BTC Direct also provides a fiat-to-crypto onramp gateway to exchanges and wallets providers. Buying and selling Bitcoin is easiest at an online cryptocurrency broker such as BTC Direct.

How Is Litecoin (LTC) Different From Or Similar To Bitcoins?

Litecoin (LTC) is the fifth-largest cryptocurrency network, with a market capitalization of over $5bn. It was forked from Bitcoin (BTC) in late 2011 and is designed to be quicker and cheaper to transfer. To see all your assets, click on “portfolio.” Here you can also check your crypto’s current fiat value.

Will Litecoin reach $1,000?

Investors who are particularly bullish on Litecoin often discuss Litecoin price prediction $1,000. To reach $1,000, Litecoin will have to rise 12.5x, which translates to a market cap of 72.9 billion.

First, you must enter your account, select LTC, and copy its address to the clipboard. The other wallet’s balance will be topped up with LTC as soon as the confirmation succeeds. We at TRASTRA are also currently working on enabling our users to make IBAN transfers to external accounts. You will send funds to other people’s accounts using SEPA (Single Euro Payments Area) within the European Union and the UK.

Best Litecoin Wallet

If you prefer to be even safer, you can send your LTC to a personal wallet. You can click here to read about the best crypto wallets for Australians. Litecoin is a cryptocurrency that was built in response to Bitcoin. It was created to enable lower-cost transactions, therefore making it possible to be used in everyday life. It isn’t meant to replace Bitcoin, but rather act like silver, to Bitcoin’s gold. Bitcoin is viewed as a cryptocurrency that carries long-term value, similar to a digital version of gold.

If you hold a smaller amount, you can use non-custodial wallets like Coinomi, Trust Wallet, or Atomic Wallet to store your litecoins. Only leave on an exchange, the amount you want to actively trade. It is a peer-to-peer marketplace primarily facilitating Litecoin trades. In other words, you’re buying Litecoins from another person while LitecoinLocal serves as the escrow.