Buy Litecoin | The best Litecoin Exchanges
Do you want to buy Litecoin? Then there are several websites where this can be done. Above you will find the best exchanges to buy- or sell Litecoin. Bitvavo is one of the largest exchanges in the Netherlands and our favorite because of its user-friendliness and convenience. Convenient to Bitvavo is that you can pay with iDEAL. This way you have instant access to Litecoin and can buy and sell from the wallet on the website. A transaction at Bitvavo is subject to a maximum trading fee of 0.25%.
You can buy LTC at Bitvavo by logging into your account, or creating an account at www.bitvavo.com. You can then transfer euros to your Bitvavo wallet using one of 8 payment methods. Users can use iDEAL and Bancontact, among others. Euros are then transferred directly to the account. Bitvavo allows you to exchange euros for Litecoin next. You can then trade, hold and use the currency as a means of payment or easily sell it when it has risen. Read more below about the various pros and cons and the new developments going on with Litecoin (LTC).
A complete explanation about Litecoin | What is Litecoin?
Litecoin was founded in 2011 by one of Google’s employees: Charlie Lee. At the time, it was one of the first crypto currencies, so there were still many similarities with the Bitcoin, among others. At the time, the Bitcoin was called the digital gold and the Litecoin the digital silver. It uses blockchain technology, which has developed a decentralized peer-to-peer currency. Your identity can be hidden to some extent because of this and there is no third party in control. Banks and governments are out of the loop with this.
Litecoin is available in many places and because of this is also seen as a form of a payment method in several places. Thus, you can buy various things with these coins without anyone else knowing. The crypto currency is specifically designed to eliminate the long waiting times of Bitcoin. This is because the transactions are faster. Thus, it is not a replacement for the well-known crypto coins, but could actually support it by capturing some of the network’s traffic. In doing so, you also have to deal with lower transaction costs, which could actually be a big plus.
Litecoin was also developed to support Bitcoin in payments. Because of this, new coins are also constantly being developed so that the supply is not in danger of running out. Eventually, the goal is to have four times as many coins as Bitcoin, which means Litecoin will also have a lower price. For novice investors it can therefore be an attractive proposition to look at these coins and it is also immediately made more accessible for daily use. In general, however, the features of Bitcoin are retained in this cryptocurrency, so users can always work with a trusted network.
The pro’s and cons of Litecoin
Because Litecoin uses the network of Bitcoin you are provided with a stable network. However, changes have been made to make it more accessible. One is the transaction speed. With Bitcoin, you often have to wait 10 minutes for the block time to pass. With Litecoin, this is a maximum of 3 minutes, which means payments are in the recipient’s account much faster. This also makes it more attractive for many industries to make payments. Think of international trade, where payments can often take days to complete due to the path taken.
Litecoin’s transaction fees are also a big advantage. This is because the cryptocurrency is designed for daily microtransactions. Normally, a lot of money goes into the crypto world, but this may change with this crypto. Therefore, the transaction costs must also remain low, because otherwise it is no longer attractive. Therefore, scalability always remains in development, so that multiple people can get started with it. Indeed, as many users as possible should be able to benefit from the lowest possible cost with each payment. In this way, the crypto can also be accepted everywhere as a means of payment and it offers opportunities mainly for the future.
The price prediction of Litecoin for 2021 till 2025 | Litecoin Forecast
Unlike many other cryptocurrencies, the Litecoin expectation has a slightly different twist. This is because with many crypto-currencies it is important to have as high a value as possible. Litecoin, on the other hand, wants to keep a relatively low value so that more users will come. Yet the value is highly volatile. The more popular the crypto currency becomes, the higher this value will be. This was mainly obvious at the beginning of its creation. Nevertheless, the Litecoin verwahcting has less fluctuations than other crypto currencies and therefore there will also be less high profits during the trading of the crypto.
The Litecoin price expectation are constantly predicted by experts. However, the prices change with many different factors, including the aforementioned popularity. Partnerships also play a big role. The more partnerships that come along, the better Litecoin is in the news. Again, this sparks interests. Thus, despite the developers’ desire to keep prices low, it could just change. With this, you could get a high return and it is well worth an investment. However, take Litecoin predictions with a grain of salt and also do enough research on the changes yourself. Only then you will not have any surprises when making an investment and trading the currency.
Litecoin Price | Now and in the future
The Litecoin exchange rate has experienced strong growth in recent times. Currently, Litecoin can be found in the top 10 largest cryptocurrencies coins in the world. At the time of writing, Litecoin has a market value of over 14 billion Dollars, a market value that is still rising strongly.
There are 66,494,454 Litecoin coins in circulation, most of which are traded on the Binance exchange. On the Binance exchange it is also possible to keep an eye on the current Litecoin price.
In recent times Litecoin has often been in the news in a positive way, this has had a positive influence on the Litecoin price and price. Thus, many are holding on to it for the long term.
To stay up to date with the most current Litecoin price we recommend keeping a close eye on this page. Here you will find, among other things, a Litecoin price chart which shows the history of the Litecoin price.
The market cap of Litecoin compared to Bitcoin is still small, which may mean that the price can still rise a lot when the market value increases. The maximum number of LTC that will be released is 84 million.
The latest Litecoin news and price expectations
Every month we try to bring you up to date with the latest current news surrounding Litecoin. So that you can have a better idea of the LTC expectation over the long term. It’s good to be aware of the price, but it’s more important to be aware of the latest developments, roadmap and other things going on. This way you can better anticipate the Litecoin price forecast of 2021, 2022 and beyond. Below you can see the current Litecoin price.