|
Broker
|
User
Score |
Regulation
|
Support
|
Start Trading
|
||||
|---|---|---|---|---|---|---|---|---|
|
1 |
Unique Trading Tools
|
Litecoin Bitcoin |
$8 $140 |
1 : 5 1 : 5 |
ASIC (Australia)
|
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||
|
2 |
Segregated accounts
with tier one banks |
Litecoin Bitcoin |
N/A $70 |
1:5 1:5 |
FCA (UK), DFSA, ASIC ,CMA, CYSEC, SCB
|
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||
|
3 |
Cancel losing trades
|
Litecoin Bitcoin |
N/A $60 |
N/A 1:20 |
CySEC, ASIC
|
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||
|
4 |
No Bonus
(T&Cs apply) |
Litecoin Bitcoin |
Variable Variable |
2:1 2:1 |
FCA (UK), CySEC, ASIC
|
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||
|
5 |
Up to 100% Bonus
Up to $10,000 |
Litecoin Bitcoin |
$5.60 $2.00 |
10:1 20:1 |
FSA, ASIC
|
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Litecoin is a digital currency, otherwise known as a cryptocurrency. This peer to peer currency is associated with minimal cost payments vis-à-vis transfers. Litecoin is not controlled by any central bank or government, and functions on a decentralized global payment network. Individual buyers and sellers of Litecoin can manage their own finances without bank intervention, regulations or oversight. Litecoin is denominated by the ticker LTC, and transactions are processed rapidly. The idea to create Litecoin was conceived by Charles Lee in 2011, and he is now the director of engineering at Coinbase.
Litecoin is associated with substantial liquidity and high trading volumes. It is not designed to replace Bitcoin, it is a complement to it. This open source software concept is easily accessible to anyone on the network. It was released under the MIT/X11 license, allowing for modification, copying and distribution at the user’s behest. The blockchain network that Litecoin operates on processes much higher volumes than BTC, and no software modification is required on the network. As with other leading cryptocurrency options, the encryption technology with the LTC wallet is top-tier, and clients will be required to enter their password every time they transact with LTC.
This cryptocurrency is currently trading at approximately $50.94 (July 2017) on the exchanges. The company’s market capitalization is presently $2,642,448,953 with a circulating supply of 51,872,632 Litecoin. The maximum supply of this currency on the markets will be capped at 84 million Litecoin. It launched in 2011, and by April 2013 it was trading at an exchange rate of $4.30. At the time, LTC had a market capitalization of $73,773,400. Many people consider Litecoin to be the #1 competitor to Bitcoin, since both operate with blockchain technology where transactions are processed by nodes.