10 Important Cryptocurrencies Other Than Bitcoin

9 November 2021

This site does not include all companies or products available within the market. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. A major draw to Litecoin was its development by Charles Lee, a former Google software engineer and a respected name in the cryptocurrency industry. Lee sold all of his stake in Litecoin in 2017, citing a perceived “conflict of interest.” This has called leadership’s faith in the coin and its future into question. Open-source platform.Litecoin is built upon a naturally open-sourced fork of the BTC Core Client.

It should help you make a well-grounded decision and find a favorable purchase moment. Margin Trading Trade digital assets with leverage on CEX.IO Broker. The platform, where you can convert LTC to BTC is founded in 2013 and based in London, Kyiv, Lithuania and Gibraltar. It is well known as Eastern European Exchange #1 as long as one of the world’s largest global exchanges in volume and liquidity.

Best Crypto Wallets

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Bitcoin probably has the highest name recognition and adaption out of all cryptocurrencies on the market. The fact that it was the first one gave it a good headstart and even those not very interested in the crypto industry will recognize the name Bitcoin.

Place your buy order by requesting either the amount of Litecoin you want to buy or the amount of fiat you want to spend. Exchanges that have high levels or instant liquidity will allow your order to be fulfilled quickly. CoinBene is a trustful and safe cryptocurrency exchange platform where you can buy & sell the most famous coins, such as Bitcoin, Ripple, Ethereum, and more. Litecoin is a direct competitor to Bitcoin in that it supports cross-border payments at very little cost to its users. It is sometimes referred to as the ‘silver’ to Bitcoin’s ‘gold’. Litecoin claims faster transaction confirmation times than Bitcoin.

What is the exchange rate of LTC to BTC for today?

This guide shows you how to do it in a few simple steps. Crypto DictionaryUltimate dictionary for the most commonly used words in cryptocurrencies. BitMEX is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin. Buy and trade all your favorite tokens on MEXC App effortlessly, anytime and anywhere. 1,500+ crypto available for you to trade at the best rates.

• The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors.
• Max supply is the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
• Choose from four different platforms depending on how you consume and what type of data you use when trading.
• Other virtual currencies such as Ethereum are helping to create decentralized financial systems.
• IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc.

Here are some cryptocurrencies that have held on throughout steep price climbs and nosedives. Simply it is any cryptocurrency or virtual currency that isn’t Bitcoin. Litecoin is one of the few first ‘coins’ to succeed the king of Cryptocurrencies; Bitcoin. If you expect the currency pair Litecoin/US dollar https://www.beaxy.com/exchange/eth-usd/ to drop, you ‘sell’ when you think the price is going to go up you ‘buy’. Of course trading involves much more than this simple ‘buy’, ‘sell’ transaction. If you want more information regarding the fundamentals of trading visit our Learn Centre for videos, articles and even lessons about trading.

The big difference between the two is that Litecoin has been set up to be harder to mine at scale, and is faster to process transactions. Sign up for a demo account to improve your strategies in a risk-free environment. User of Swyftx iOS app for 2 years, numerous transactions, no D2D trading. The app is easy to use, has a clear layout with a good range of functions (e.g. VS KuCoin, Binance apps), regular upgrades occur. Swyftx Cryptocurrency Exchange offers low trading fees and small spreads when you buy LTC. Both bitcoin and litecoin have a finite number of coins in circulation. Bitcoin has 21 million coins available, while litecoin has 84 million available – four times more than bitcoin. Like most proof-of-work cryptocurrencies, the amount of Litecoin in circulation gradually increases with each newly mined block.

Depending on the app or exchange you’re using, the buy transaction could be as simple as a click, or you might have to enter the ticker and indicate the amount you want to purchase. Historically speaking, Litecoin has been a good investment. However, its core tech is arguably outdated, and many cryptocurrency investors view Litecoin as a cryptocurrency without a clear use case. Only time will tell whether or not Litecoin can find its place in the cryptocurrency markets. One of the biggest complaints that cold storage wallet users have about cold wallets is that they tend to support fewer cryptos than hot wallets.

Latest Cryptocurrency News on Bitcoin, Litecoin, Ripple, Ethereum and Dogecoin

The information in this site does not contain investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. To set an alert, log in to the platform, open litecoin’s deal ticket, and choose your parameters. Litecoin markets close at 9am on Saturday AEDT, then reopen on Saturday at 7pm AEDT. This option does not involve you taking ownership of any cryptocurrency, so you never need to deal directly with an exchange. Whichever platform you use, you can select the size of your position in deal ticket, which will determine your profit or loss. Then if you’d like to open a long litecoin position, hit ‘buy’.

In late 2020, Litecoin also saw the release of the MimbleWimble testnet, which is used to test Mimblewimble-based confidential transactions on Litecoin. Once this feature is available on the mainnet, Litecoin users will also benefit from greatly enhanced privacy and fungibility. As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, and more than 2,000 merchants and stores now accept LTC across the globe. As we previously touched on, Litecoin was founded by Charlie Lee, an early cryptocurrency adopter and a name held in high regard in the cryptocurrency industry.

Why is the price of Litecoin different on different cryptocurrency exchanges?

Use a full suite of professional trading tools to help make better decisions and manage your portfolio. Spot market opportunities with Advanced Market Scanners and analyze your portfolio with Risk Navigator. Litecoin has been around for quite a while, and has remained one of the most well known altcoins despite its modern technological irrelevance. You’ll see your coins in your account when the order is complete. Volume simply refers to the number of trades that have taken place in a given asset. In other words, it is the amount of an asset that has changed hands over a period of time.

Markus and Palmer reportedly created the coin as a joke, commenting on the wild speculation of the cryptocurrency market. As of July 8, 2022, Cardano has the eighth-largest market capitalization at $15.7 billion, and one ADA trades for around $0.47. Due to this rigorous process, Cardano stands out among its PoS peers and other prominent cryptocurrencies. Cardano has also been dubbed an “Ethereum killer” because its blockchain is said to be capable of more. Though it has beaten Ethereum to the PoS consensus model, it still has a long way to go regarding DeFi applications. Binance USD was created by the cryptocurrency exchange Binance as a stablecoin pegged to the U.S. dollar. The stablecoin was approved by the New York State Department of Financial Services; thus, it is also regulated. Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. As of July 8, 2022, Binance Coin has a $39 billion market capitalization, with one BNB valued at around $241.83.

Earlier in the same year, Litecoin creator Charlie Lee was recruited by popular cryptocurrency platform Coinbase. This may have increased general awareness and confidence in Litecoin and contributed to its rally later that year. After more than three years of mostly sideways and downwards movement, seeing prices dip as low as $1.30, Litecoin began to grow steadily in the spring of 2017. By December of that year, Litecoin had eclipsed its previous high by creeping up to $100, and then, over a couple of weeks, it shot up another 240% to set a new all-time high around $340.

Instead, you’re speculating on the direction in which its price is headed. So you don’t need an exchange account to get started, and you can open short positions as well as long ones. Keep in mind that, unlike if you were to buy and sell litecoin, you won’t need an account with an exchange. This is because you trade on the prices offered, which we derive from multiple exchanges on your behalf. It may be touted as a new currency, but investors buying and holding litecoin are the biggest reason for its rises in price. And those investors will pay attention to its market cap when deciding whether to buy more or sell. Whether you’re hoping for a fast return or a long-term profit, Changelly provides a wide range of tools to guarantee a secure, efficient, and flexible conversion. We offer you all the resources you need to monitor the market and trade cryptocurrencies at the right time. To sell your Litecoin on a fiat-to-crypto exchange, simply select the amount you want to sell and confirm the sale.

Around 500,000 LTC was instamined on day one after the LTC genesis block was mined and Charlie Lee and presumably other early Litecoin developers were among the first miners. Charlie Lee, also known as “Chocobo,” is an early Bitcoin miner and computer scientist, who was a former software engineer for Google. In addition, Charlie Lee held the role of director of engineering at Coinbase between 2015 and 2017 before moving on to other ventures. Change the wallet network in the MetaMask Application to add this contract. Litecoin had an all time low of $1.15 on Jan 14, 2015 . The most recent halving occurred on 5 August 2019 and the next one is expected to happen on 5 August 2023, when the block reward will be reduced from 12.5 LTC per block to 6.25 LTC. If you have limited experience with trading, here are some basic steps you can take to make your first deal a successful one. When the MACD histogram crosses the 0 line bottom-up, it’s a sign of an uptrend.

It has its own separate wallet, via which your LTC are sent. Branding issues are not as insignificant as they may seem at first sight. It may be amusing that even Google thinks that the word “Litecoin” is a typo for “Bitcoin,” but many people confuse these two digital currencies. Low risk of inflation due to the decentralized nature of the digital coin. Fortunately, in May 2021, the Litecoin price hit its all-time high of $225.79 thanks to Bitcoin’s success. Read more about how to read the order book here. Both Litecoin and Bitcoin retarget their mining difficulty every 2016 blocks.