What are Litecoin and LTC?
Litecoin is a peer-to-peer digital currency. Its ticker is LTC.
Litecoin was built for fast, low-cost payments. The network manages transactions collectively rather than relying on a central authority. Litecoin was launched in 2011 by Charlie Lee, which gives helpful context for the asset's origins.
How to buy Litecoin in Australia
In the Crypto.com App, here's the basic flow:
- Create an account and complete any required identity verification.
- Add funds using an available payment method.
- Tap 'Buy' and search for Litecoin.
- Enter the Australian dollar (AUD) amount you want to spend.
- Review the order details and tap 'Confirm' if you want to go ahead.
Trading is subject to account verification and eligibility.
Can you buy less than one Litecoin?
Yes. You don't need to buy a whole Litecoin. In Australia, fractional purchases start from AUD 20.
That means you can base the order on the amount you want to spend, rather than a whole-coin amount.
How can Australian buyers fund a Litecoin purchase?
For Australian users, AUD is the primary fiat currency accepted. You can fund a Litecoin purchase with the methods shown in the App, such as PayID, a linked debit or credit card (Visa or Mastercard), Apple Pay or Google Pay.
You can also deposit AUD via PayID, which is free on Crypto.com. Depositing AUD directly by local bank transfer can help you avoid foreign exchange fees when buying Litecoin at the market price.
