What is Litecoin

Like all cryptocurrencies, theLitecoin stock value is determined by the demand on currency trading sites and it has certainly seen some huge swings over the years. https://www.tokenexus.com/ Since the launch ofbitcoin in 2009, the cryptocurrency has shocked us with its volatility and opened our eyes to the exciting concept of blockchain technology.

  • Litecoin was developed as a decentralised digital payment method.
  • Thus, if you want to buy Litecoin, SEPA instant transfer is a perfect solution with TRASTRA.
  • If it’s up to your bank you’ll be paying twenty to thirty percent commission and the recipient will have to wait a couple of days before they receive the funds.
  • You can deposit money into a broker or exchange account by a bank transfer or card payment.
  • When Litecoin was first launched, this reward for mining new blocks was 50 LTC.

Therefore, before finalizing the transaction, please carefully check the address of your platform’s LTC wallet. Forget about waiting two, three, or four days for a withdrawal.

TRASTRA – the Best Place to Buy Litecoin with SEPA

● Blockchain provides a decentralized technology solution without bank controls, limits, or confirmation of your transactions; hence, it is non-refundable. Therefore, there is no way to seek a refund or to reclaim the Money if you accidentally send LTC to a different address. NewsNow brings you the latest news from the world’s most trusted sources on Litecoin What is Litecoin , including Lite coin price. NewsNow aims to be the world’s most accurate and comprehensive Litecoin news aggregator, bringing you the latest headlines automatically and continuously 24/7. Relevance is automatically assessed so some headlines not qualifying as Litecoin news might appear – please feel free to contact us regarding any persistent issues.

Litecoin is a digital currency that allows for instant, low-cost, worldwide payments. Litecoin uses open-source software to generate a peer-to-peer cryptocurrency that functions similarly to bitcoin. LTC can be utilised as a low-cost currency that can be transferred near-instantaneously.

Six Essential Aspects Of Litecoin Investment

Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The currency is generated through a process called mining – but to be a miner in this world, it is not necessary to don a hard hat and go underground.

What is Litecoin

If the supply is greater than the demand, then the price will fall. There are all kinds of factors that can influence both the demand and supply of Litecoin. Since June 2018, BTC Direct employees receive part of their salary in bitcoin. The employees choose how much of their salary they want to receive in bitcoin. At the end of the month, BTC Direct buys the coins at the current rate and sends them to the employees’ digital wallets. The coin was developed in 2011 by Charlie Lee, a former Google employee.

For money movers and makers

Litecoin is a peer-to-peer, decentralised digital currency based on the Bitcoin system. The creators of Litecoin sought to adapt the Bitcoin model to develop a more stable and efficient currency. With AvaTrade UK CFD trading, it’s as easy as selecting Litecoin from a menu and clicking to SELL or BUY. All contents on this site is for informational purposes only and does not constitute financial advice.

  • Transactions are complete in 2.5 minutes on Litecoin, while Bitcoin times average around 10 minutes.
  • Tweeted that 75% of all total transactions are driven by LiteBringer — and this has the potential to lead to further LTC growth.
  • Litecoin has 84,000,000 coins available, while Bitcoin has just 21,000,000.
  • Yes, it is just as safe to trade as Bitcoin, or any other commodity, for that matter.
  • Whilst built on the same source code as Bitcoin, there is no shared blockchain history between the two cryptos.
  • Litecoin is one of the oldest and most well-known cryptocurrencies.
  • Litecoin was created in 2011 by Charlie Lee, a former Google engineer.