Swyftx Cryptocurrency Exchange
- Buy LTC and 240+ cryptocurrencies
- Instant deposits with PayID
- 0.6% trading fees
- Same day customer service
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Litecoin (LTC) has been around for almost a decade and started as a fork on the bitcoin network. It's very similar to bitcoin except it's designed to be quicker and cheaper to transfer. These similarities have it regarded as a close relative of bitcoin, and its prices have historically risen and fallen with bitcoin prices.
LTC is available on a number of popular cryptocurrency exchanges, including:
Want to buy Litecoin? Follow these simple steps:
Compare exchanges that support LTC, then determine if the exchange you choose supports buying LTC with Australian dollars (AUD), Bitcoin (BTC) or Ethereum (ETH). You'll need to provide your email address and create a password to register for an account.
Many cryptocurrency exchanges only allow trading between cryptocurrencies and don't allow the direct deposit of fiat currency, such as AUD, so you'll usually need to own or buy BTC or ETH first.
The final step is to trade your chosen currency for LTC on the exchange. Once again, the exact process you need to follow may vary slightly depending on the exchange you choose.
Litecoin can be held in a cryptocurrency wallet just like any other altcoin. There's a wide range of options, but not quite as many as you'll find with bitcoin. All of the following hardware wallets support Litecoin:
Litecoin has a range of small but significant technical differences. You might think of it as the quarter to bitcoin's dollar.
The supply limit is the maximum number of coins that will be created. This finite limit is necessary for an altcoin to have value. The LTC supply limit is 84 million compared to bitcoin's 21 million, so it's up to four times more common. In November 2017, there were about 54 million Litecoin tokens in circulation and about 30 million left to mine.
Litecoin blocks are generated four times faster than bitcoin blocks. The completion of each block confirms the transactions recorded in that block. Generally, this means Litecoin transfers can be done about four times faster than bitcoin transfers.
Some proponents of LTC believe it will continue to increase in value. They point out that it's like a "quarter sized" version of bitcoin that's arguably more functional, but that its price is much less than a quarter of bitcoin's. The assumption among some buyers is that even if Litecoin prices peak at a quarter of bitcoin's, it can still be very worthwhile.
Toward the middle of 2021, about 80% of all the Litecoin that will ever exist were already in circulation, and it can be assumed that mining will get increasingly difficult as it approaches the supply limit. This makes it more likely that the popularity of Litecoin will result in increased demand, and if demand exceeds supply in the future, that could naturally drive the prices up.
It's also worth noting that Litecoin has tended to be ahead of its time. It was the first top-five cryptocurrency by market cap altcoin to adopt the features of Segregated Witness (SegWit), which has since become standard among bitcoin and others.
This ongoing development might bode well for its future popularity, as it could prevent other altcoins from overtaking it later. However, like all cryptocurrencies, nothing about Litecoin can be taken for granted.
Staking VeChain is a way to earn extra interest on the cryptocurrency that you hold. Here's how it works and what to be aware of.
Experts share predictions and highlight the most significant events that are likely to impact cryptocurrency markets in June.
A beginner’s guide to buying and selling this decentralised, peer-to-peer cryptocurrency.
Learn how to get started investing in cryptocurrency, the methods available to you, and what to keep in mind before making your first purchase.
Learn how to use DeFi aggregator Yearn Finance to earn interest on your cryptocurrency.
The latest Berlin upgrade seeks to fix some of Ethereum’s pressing network congestion and high transaction fee issues.
The cryptocurrency market has set a number of records today as Bitcoin sets a new all time high bringing an end to 3 months of sideways price.
Experts believe Ether can easily scale up beyond the $5,000 mark by the end of 2021.
An increasing number of traditional banking institutions – a la Goldman Sachs and Morgan Stanley – have continued to enter the crypto fray in recent weeks.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.