Buy Litecoin in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Litecoin (LTC) in Australia, simply:
1. Get an Litecoin wallet
This is where you will store your purchased cryptocurrency. You can get a free online wallet or a hardware wallet. Elbaite does not hold your cryptocurrency in their own centralised wallet. Elbaite believes, your cryptocurrency is only yours if it is in your wallet.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3. Pay for your purchase
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your LTC in your wallet. The seller will never know your banking details, keeping your data private.
Why buy Litecoin (LTC) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange. Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your Litecoin is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency! How do I store my Litecoin (LTC)? There are many Litecoin-based wallet options you can explore when it comes to safely storing your Litecoin, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Litecoin safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Litecoin as a long term investment.
More Litecoin information
Charlie Lee (Founder)