Crypto assets are divided into categories: coins, tokens, altcoins, stablecoins, DeFi rockets, NFT, etc. Today we will talk about an alternative coin to Bitcoin – Litecoin. This digital asset was issued in 2011. The asset was developed with the use of Bitcoin’s open-source code but with the addition of some modifications. The main difference between BTC and LTC is that the Litecoin network generates new blocks in the blockchain much faster than Bitcoin. Basically, almost all digital assets created following BTC aim to improve the main BTC drawbacks:
- slow speed of block generation;
- expensive transactions;
- limited throughput;
- and others.
As of November 2022, the LTC to USD pair is traded at $71.18. Looking at the Litecoin price chart we can see the rate increased from $49.24 to over $70 dollars mark.
Where Can I Buy Litecoin?
Litecoin got the name of silver to Bitcoin’s gold. Its market capitalisation exceeds $5 billion, and its trade volume is over $1 billion. It is a top-traded crypto asset which is supported by all large crypto platforms. We recommend buying LTC on the WhiteBIT crypto exchange. It is a reliable platform that supports over 400 crypto pairs and allows you to buy digital assets with real money, for example, dollars, pounds or euros.
To buy LTC with fiat, you should register on WhiteBIT and verify your account. It takes just a couple of days. Then you can add your card to your account and move the needed amount of dollars. Then go to the “Exchange” section and pick USD and LTC, pay the minimum fee, and receive your Litecoins in your account. Similarly, you may convert LTC USD and move your funds to your bank card in a matter of minutes. If any questions arise, you may always address the customer support chart and receive answers and assistance.
Learn more about buying crypto on the WhiteBIT blog.