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How to buy Litentry (LIT) in Australia

Learn how to buy Litentry (LIT) on 6+ crypto exchanges in our step-by-step guide.

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You can buy Litentry (LIT) on a cryptocurrency exchange like Digital Surge. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Litentry is an identity aggregation protocol that aims to allow identity data transfer between multiple blockchain networks. Here's how to buy Litentry.

How to buy Litentry in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Litentry is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, POLi and Osko payments are widely accepted.
  4. Buy Litentry
    You can now exchange your funds for Litentry. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Litentry to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Litentry in Australia

Find an exchange to buy, sell and trade LIT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 6
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

303
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
An Australia-based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

368
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

371
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

278
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1093
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Litentry?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Litentry?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Litentry.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing LIT with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

Where can I buy Litentry with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy LIT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy LIT on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy LIT
Go to Digital Surge Cryptocurrency Exchange
Go to CoinSpot Cryptocurrency Exchange
Go to Binance Cryptocurrency Exchange
  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase LIT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for LIT on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Litentry?

The easiest way to buy LIT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying LIT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Litentry has been performing recently.

Best Litentry wallets to store your LIT

You can keep your LIT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Litentry a good investment?

LIT is, first and foremost, a utility token, but it is important to evaluate both the platform and the token before making an investment. Here are some factors to consider before purchasing LIT:
  • Use cases. LIT tokens can be used to pay for all network services and are required by Identity Registrars that wish to create an indexed identity database on the platform. Decentralised identifiers are then found within these databases. To become an Identity Registrar, a third party needs to stake a certain amount of LIT. In return for providing data, an Identity Registrar is rewarded with more tokens. Finally, LIT can also be used as collateral on other DeFi platforms.
  • Governance. Holders of LIT will be able to govern certain aspects of the Litentry platform. Decisions may include the development of the network or the removal of dishonest validators.
  • Tokenomics. There is a total supply of 100 million LIT tokens. Of them, 65% will eventually be released to the community. The price of LIT will likely be closely linked with supply and demand. If demand for the token increases due to a spike in users, the price may increase accordingly.
  • Accessibility. LIT can be accessed from major tier 1 exchanges such as Binance.

Additional information about Litentry can be found using our LIT analysis tools.

Today's Litentry price versus ATH

Compare today's price of Litentry ($0.872617 USD) against its all-time-high price of $13.31 USD on 16 February 2021. The closer the bar is to 100%, the closer LIT is to reaching its ATH again.

Litentry's price: $0.955753 USD
ATH date: February 16, 2021
7.18%

Litentry ATH: $13.31 USD


How to trade, convert or sell Litentry

You can convert or sell your LIT with the same exchange you bought it through:
  1. Sign in to the exchange you have LIT on.
  2. If you store your Litentry in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of LIT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Litentry.
  6. Complete your transaction and move your LIT to a wallet for storage.

Disclaimer: Cryptocurrencies, including Litentry, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LIT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Litentry or any other cryptocurrency discussed.

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