Buy Litentry (LIT)

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What is Litentry?

Litentry (LIT) is a decentralised identity aggregation protocol across multiple networks that aims to facilitate the change to a user-centric internet with the blockchain.

  • The platform includes a Decentralised Identity (DID) indexing mechanism and Substrate-based credit computation network.
  • LIT token is used to pay fees each time a user requests a real-time credit computation via the network.
  • Users can stake LIT tokens to become an identity registrar. Additionally, LIT can be used as collateral for DeFi lending & borrowing services.

The LIT team are building an identity-based network & suite of tools that are blockchain powered, community governed, privacy focused and fully decentralised.

How do I buy Litentry?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for LIT and click "Buy".
That’s it!
You now own some Litentry! You can click "Go to LIT Wallet" to see your Litentry.

Learn more about Litentry

Why Should I Trade LIT with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Litentry no matter what your trading experience is. Unlike other international and Australian Litentry exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Litentry with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Litentry how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Litentry?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Litentry for free.

Cold Storage

If you are holding Litentry as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Litentry. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Litentry. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Litentry has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Litentry is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Litentry exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Litentry & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Litentry safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Litentry portfolio here.
Yes! With CoinSpot you can convert your Litentry to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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