How To Buy Litecoin?
If you are thinking about investing in LTC coin, then the question arises: how to buy Litecoin? So let’s find out more about buying Litecoin.
What Is Litecoin?
Litecoin (LTC) is a peer-to-peer cryptographic network with a distributed ledger and an alternative cryptocurrency operating on the principle of the Bitcoin network. The project was launched on October 12, 2011.
Is Litecoin The New Bitcoin?
The main task of the Litecoin founder Charlie Lee was to upgrade the Bitcoin system. Lee has devised a way to reduce the time it takes to validate transactions on the network. This required a change in the Litecoin mining algorithm. Due to technical changes, the transaction verification time reached 2.5 minutes, which is four times less than in the Bitcoin network.
Consequently, the main advantage of Litecoin is faster validation and increased resources to perform more transactions.
Is Litecoin A Good Investment 2021?
LTC achieved high recognition and ranked second in terms of market capitalization.
LTC is a very promising project. It is constantly evolving and increasing in popularity. LTC has a shorter transaction confirmation time than the leading cryptocurrency. With strong industry support, trading volume, and liquidity, Litecoin is a proven trading tool.
The White Paper of the currency says that it is impossible to issue more than 84 million LTC. This approach allows you to control the price of the token, preventing it from falling below the set minimum. This scheme has also been implemented for BTC coins, and has proven to be a good anti-inflationary mechanism. It should be remembered that most of the LTC has already gone out of circulation, as it is stored in cold wallets of investors as long-term assets.
Another factor that determines the price of LTC has traditionally become trade interest and demand on exchanges. The token is in high demand. It is used for various exchanges and private transactions. According to statistics, LTC more often works as an asset than as a means of payment.
What Is The Price Of Litecoin Today?
The current CoinMarketCap ranking is #10, with a live market cap of $16,875,030,697.54.
LTC Coin Price Prediction
Some cryptocurrency analysts see the price aiming at $600 by the end of 2021.
The Litecoin price prediction 2023 will depend on the level of adoption this cryptocurrency has achieved by that time. The experts consensus points at a $900 price level.
When Is Litecoin Halving Date?
Since there’ll be Litecoin halving in 2023, the block reward will be cut to 6.25 LTC. The halving will most likely promote investments in expectations of a higher value. According to industry experts, Litecoin might become one of the most traded cryptocurrencies, and by the end of 2025, the value of the LTC is seen at $1200.
Where To Buy Litecoin?
To buy LTC coin, know how much is Litecoin, LTC coin price prediction, and read about the future of Litecoin, use StealthEX. It provides fast transactions and allows users to choose from more than 350 digital tokens.
How To Buy Litecoin?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to LTC. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose LTC coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of LTC coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the LTC coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your LTC coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive LTC crypto to the address provided. To be sure that Litecoin was sent to your wallet you can also use the Output hash shown on this page and check it in the Litecoin blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Litecoin wallet to be surprised at how fast you got Litecoin. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via [email protected]
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.
April 27, 2021