Buy Litecoin in Australia: Trusted LTC Exchange

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How to buy Litecoin in Australia with BTC Markets

1. Create
Sign up and verify your free account.
2. Deposit
Add AUD or crypto to your wallet using our secure methods.
3. Trade
You’re all set. Buy, sell and trade crypto immediately.

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4.6

Why buy Litecoin (LTC)?

Litecoin (LTC) is a cryptocurrency that operates independently of centralised banks or credit card companies. Introduced in 2011, Litecoin earned its nickname “the lite version of Bitcoin” due to its similarities to Bitcoin.

Key advantages
For traders, Litecoin combines long market history, strong liquidity and relatively low transaction costs. LTC markets are available on many exchanges, so you can easily move between platforms or trading pairs. Its reputation as a reliable, technically mature project gives you an alternative to Bitcoin when you want faster confirmations without leaving the proof of work model.
Faster transactions
Litecoin achieves faster speeds mainly by having a shorter block time, with new blocks added to the blockchain roughly every 2.5 minutes. This means transactions are picked up and confirmed more frequently than on slower networks. For you, this translates into smoother transfers, quicker trade settlements and less time waiting for payments to clear.
Silver to Bitcoin's gold
Litecoin is often called “digital silver” to Bitcoin’s “digital gold” because it aims to complement BTC rather than replace it. Bitcoin is widely viewed as a store of value, while Litecoin focuses on payments and everyday usability. Holding both can give you exposure to a long term asset and a payment focused network.
Quick confirmations
Because Litecoin’s network processes blocks more frequently, your transactions usually receive confirmations in a shorter time frame. This is helpful when you’re paying someone, moving funds between exchanges or reacting to market conditions. You spend less time waiting and more time acting on your trading or spending decisions.
Low transaction fees
Litecoin is known for relatively low on-chain fees, especially compared with busy networks that can become expensive during peak demand. Lower costs make LTC useful for smaller payments, frequent transfers and topping up exchange balances. If you want to move value without high network charges, Litecoin can be a practical option.
SegWit implementation
Litecoin was one of the first major networks to implement Segregated Witness (SegWit), a technical upgrade that improves capacity and paves the way for advanced payment solutions. Acting as a testing ground for innovations, LTC has often adopted upgrades early. This track record appeals if you value a network that embraces proven improvements.
Limited supply
Litecoin has a capped maximum supply of 84 million coins, which introduces programmed scarcity similar to Bitcoin’s 21 million cap. New LTC is issued through mining and the block reward halves at set intervals. This predictable supply schedule is one reason some people view Litecoin as a long term asset as well as a payment currency.

What is Litecoin (LTC)?

Litecoin (LTC) is a peer-to-peer cryptocurrency recognised in the market as an altcoin — an alternative or challenger coin to popular cryptocurrencies, Bitcoin or Ethereum. Many traders who purchase Litecoin take advantage of its outstanding benefits, from its low fees and instant transactions to its potential for massive growth.

Similar to other altcoins, like Ripple, Litecoin is a decentralised payment network that facilitates transactions between two parties without a central authority, rivalling traditional financial institutions.

The name ‘Litecoin’ was no accident, either. Litecoin was designed to be a ‘lighter’ and more agile cryptocurrency than Bitcoin and other tokens — approving transactions four times faster than the Bitcoin network alone, with low fees. This is a significant advantage for traders who wish to sell and buy Litecoin rather than only storing it in a digital wallet.

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When was Litecoin created?

Litecoin was created in 2011, making it only a couple of years older than its biggest competitor, Bitcoin. The Litecoin network and token were developed by Charlie Lee, a former employee of Google. Lee took a great interest in the initial launch of Bitcoin and wanted to release his own enhanced version of the cryptocurrency.

Many traders have since purchased Litecoin in Australia, harnessing the token’s value while contributing to its ever-growing network. Since the launch of Litecoin, Lee has gone on to develop a new cryptocurrency called Fairbix, which will eventually act as the mining algorithm for Litecoin.

Litecoin is also colloquially known as ‘the silver to Bitcoin’s gold’ — referring to the token’s rarity. Unlike other cryptocurrencies on the market, Litecoin’s token supply is fixed, with only 84 million tokens in circulation, leading many experts to believe that the coin will continue to surge in value over time.

Traders who wish to become an investor of Litecoin can do so with BTC Markets — Australia’s fastest and most liquid cryptocurrency trading platform. Aside from buying Litecoin, traders can also purchase and sell other popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). From our flexible features and competitive fees, it’s no wonder more than 325,000 traders use BTC Markets to invest. Sign up to BTC Markets and start trading today!

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How to buy Litecoin in Australia (Step by Step)

Buying Litecoin in Australia on BTC Markets is straightforward: you create an account, deposit AUD and place a trade on the LTC market. Our platform is designed so you can track live prices, review your order details and manage your Litecoin holdings in one place.

Step 1 – Create Your BTC Markets Account

Step 2 – Verify Your Identity Online

Complete a quick and secure identity verification using your Australian ID to keep your account safe and to comply with Australian regulations.

Step 3 – Deposit AUD Using Local Payment Methods

Deposit Australian Dollars (AUD) conveniently using local payment options such as bank transfer or PayID.

Step 4 – Select Litecoin (LTC) from the Market

Navigate to the LTC/AUD trading market on the BTC Markets platform.

Step 5 – Place Your Buy Order for Litecoin

To place an order, go to the LTC market, select the buy option and enter how much you want to purchase. Review the current price, estimated total and any fees before you confirm. Once you are satisfied, submit the order and the platform will execute it according to your chosen order type and market conditions.

Step 6 – Securely Hold or Manage Your Litecoin

After you buy LTC, you can keep it in your BTC Markets wallet for convenient trading or move it to an external wallet for longer term storage. Follow security best practices: enable two factor authentication, never share your passwords or recovery phrases and use reputable wallets where you control the private keys.

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What do I do after I buy Litecoin?

Knowing where to buy Litecoin is only one side of the coin (literally). Once you’re an official owner of Litecoin, you’ll need to decide how to store your tokens. Digital wallets are the preferred storage solution for investors.

Hot wallet — A hot wallet is a digital wallet that runs on a browser or within an app. This allows traders to have all their assets in one place while trading regularly. It’s worth noting that cold wallets are more secure. We recommend reading through our security tips to ensure your private details are kept away from prying eyes.
Cold wallet — Alternatively, a cold wallet is an offline storage device, like a USB stick, making them a more secure option for traders. That said, if you lose or misplace your cold wallet, you risk losing your purchased tokens. Many traders opt to store their assets in both hot and cold wallets to combat this.

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Frequently asked questions

How much Litecoin can I buy?

BTC Market does not place a cap on the amount of Litecoin you can buy. You may start from $15 and go onwards to buy up to $150,000 or more per day.

How do I store Litecoin (LTC) after I buy it on BTC Markets?

You can hold LTC on BTC Markets. We offer a managed service, so once you have bought LTC you may send, receive, and store your assets on our exchange.

What is Litecoin used for?

Litecoin can be used to pay for goods and services by some cryptocurrency payment processors. It’s considered reliable as it has avoided major exploits and transaction fees are relatively low. It’s known as the “silver” of the crypto world.

Transaction speeds are fast and offers many wallets for users to store their Litecoin, making it easy for them to access their funds when needed.

How do I sell Litecoin?

You can sell your Litecoin in Australia on BTC Markets. Our easy-to-navigate interface allows traders to conduct crypto exchanges in one place — simply select the red ‘Sell’ button, enter the amount of Litecoin you want to sell, and click the red 'Sell LTC' button to process your order.