-4.31% Bitcoin (BTC) 30410.79 EUR
-0.45% Ethereum (ETH) 2317.77 EUR
-6.83% Litecoin (LTC) 78.97 EUR
-4.63% B-Cash (BCH) 228.01 EUR
+3.91% Ethereum (ETH) 0.0769418 BTC
-2.40% Litecoin (LTC) 0.00262701 BTC
-0.26% B-Cash (BCH) 0.0075851 BTC
-4.55% Bitcoin (BTC) 32060.0361 USDC
-0.01% USD Coin (USDC) 0.95 EUR
-4.26% Bitcoin (BTC) 32058.511 USDT
-0.97% Tether (USDT) 0.94 EUR
-4.09% Chainlink (LINK) 8.67 EUR
+0.49% Chainlink (LINK) 0.00028771 BTC
-3.12% Dogecoin (DOGE) 0.1 EUR
+1.10% Dogecoin (DOGE) 0.00000366 BTC
-4.54% Uniswap (UNI) 6.21 EUR
-0.24% Uniswap (UNI) 0.00020654 BTC
+1.45% Cardano (ADA) 0.65 EUR
+6.02% Cardano (ADA) 0.00002172 BTC
+1.24% Tron (TRX) 0.07 EUR
+6.25% Tron (TRX) 0.00000255 BTC
+2.06% Shiba Inu (SHIB) 0.00001662 EUR
-3.12% Binance Coin (BNB) 312.19 EUR
+1.35% Binance Coin (BNB) 0.01036866 BTC
0.00% Binance USD (BUSD) 0.95 EUR
-4.35% Bitcoin (BTC) 32051.2289 BUSD
-6.39% Zcash (ZEC) 95.89 EUR
-2.17% Zcash (ZEC) 0.0032017 BTC
+2.07% Basic Attention Token (BAT) 0.00001577 BTC

Litecoin (LTC)

What is Litecoin?

Litecoin is the third-largest cryptocurrency after Bitcoin and Ripple. It was originally conceived by Charlie Lee in 2011.
LTC was founded to prioritize transaction speed, and that has already proven as an advantage as it has grown in popularity. In other words, one main difference between Bitcoin and Litecoin is that LTC technology needs less amount of time to take a new block of transaction. The idea was that this might reduce the time needed for confirmation of the transaction prior to the final payment. 
The second difference is the LTC mining algorithm. On Litecoin, new blocks are added to the blockchain roughly every 2.5 minutes (as opposed to 10 minutes for Bitcoin).

How does Litecoin work?

Litecoin transactions need a block confirmation time of 2.5 minutes (Bitcoin transactions take around 10 minutes) - this makes Litecoin transactions much faster. It is built upon the same fundamentals as Bitcoin and also uses blockchain technology, where all transactions are stored. Like other cryptocurrencies, Litecoins are mined by users - by solving complex mathematical equations they verify transactions and create new blocks, which are then added to the blockchain.

Benefits of paying with Litecoin

  • It works with its own algorithm - Scrypt algorithm; It makes Litecoin mining more accessible to the public.
  • Faster and cheaper transactions
  • It can be found on all major exchanges

What to do after buying Litecoin?

  • Store/Hold Litecoin
You can safely store your LTC in your account or your crypto wallet.
  • Trade Litecoin 
You can trade LTC for other cryptocurrencies.
  • Send Litecoin
You can send it to anyone and anywhere with their LTC address.

Risk Warning: Cryptocurrency trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Coinsbay, otherwise seek independent advice if necessary. Crypto, CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.

The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements.