Beaxy allows you to trade litecoin with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Reduce your risk by storing LTC in our custodied wallets.
To access all of Beaxy’s features:
– Register at Beaxy.com/register
– Complete Verification
– Fund your account – Make a deposit or buy crypto with your credit or debit card
– Start Trading!
Beaxy provides advanced charting tools, a revolutionary swipe trading app, world-class FIX and REST API, and FIAT onboarding and offboarding to make for the best possible Bitcoin trading experience. Trade bitcoin in the most sophisticated and simple ways on Beaxy.
Converting LTC to other currencies
Want to convert LTC to your national currency? Check the converter above to see what the conversion rate is. Simply select your national fiat to see what the price of LTC is. The best part is you can place an order for LTC directly from the converter once you select your currency!
Litecoin was developed in October 2011 by Charlie Lee, a former Google and Coinbase engineer. Charlie Lee wanted to make Litecoin a better medium of exchange so he created a blockchain that was nearly identical to Bitcoin’s with the key differences being quicker block times (reduced from 10 minutes to 2.5 minutes) and a higher supply (increased from 21 million to 84 million). The block time was drastically reduced so that merchants could accept litecoin without having to wait too long for the transaction to receive enough confirmations from the network. The supply was increased to prevent the digital currency from becoming too scarce and unaffordable. The development of the Litecoin protocol and digital asset are performed by Litecoin Core and are funded by the Litecoin Foundation. Litecoin Core and the Litecoin Foundation are separate entities that work closely together to move the project forward. Litecoin is an open-source peer-to-peer cryptocurrency that was created as a fork of Bitcoin’s codebase. LTC, the digital asset, is the native currency of the Litecoin network. LTC is commonly referred to as “the silver to bitcoin’s gold”. It often serves as a testnet for Bitcoin, implementing upgrades before they are deployed with Bitcoin. Litecoin uses Scrypt, a memory intensive proof of work consensus algorithm which enables mining with consumer-grade hardware such as GPUs. Scrypt was chosen due to its memory-intensive features that limit the use of AISIC miners. The Litecoin protocol can manage higher transaction throughput than that of Bitcoin. The litecoin blockchain produces blocks more frequently than bitcoin’s protocol which allows Litecoin to process more incoming transactions. The current block reward for Litecoin miners is 25 LTC. If you want to track transactions on the Litecoin protocol, navigate to a Litecoin block explorer and enter the wallet address, block, TXID, or hash Similar to Bitcoin, the Litecoin protocol reduces its block reward in half every four years. Since the blocks are produced four times faster on Litecoin, it is required that 840,000 blocks be mined before the reward can be cut in half again.
There are roughly 64 million LTC coins in the circulating supply. As LTC is a fan-favorite among traders, its global daily volume often exceeds $4 billion dollars. Litecoin was first trading in March 2013. The coin initially traded for 80 cents per coin. A little more than four years later, in December of 2017, Litecoin made its all-time high when it traded at $375 per coin. Around that time, Litecoin’s creator Charlie Lee famously announced that he had sold all of his LTC coins to avoid conflicts of interest surrounding the work he did to get Litecoin off the ground. There are multiple LTC trading pairs on Beaxy that you can use to buy or sell LTC into and out of other digital assets like BTC. If you want to buy or trade LTC while on the go, you can download the Beaxy mobile app and gain market-wide access at all times. With the Beaxy app, you will also get automated trading signals from professionals for free.