Litecoin Cryptocurrency. Buy LTC for USDT and BTC.

Litecoin is a peer-to-peer payment system with a cryptocurrency of the same name. It works on its own blockchain, which keeps a record of all LTC transactions. The distributed network is supported by miners and full nodes.

Litecoin was created by programmer Charles Lee, a former engineer at Google and Coinbase. He announced and launched the project in October 2011. Mr Lee developed his own blockchain from scratch, borrowing only open-source code and ideas from Bitcoin. The internal processes are organised similarly, but certain improved features distinguish Litecoin. These include:

• increased storage efficiency;
• accelerated transactions (2.5 min);
• increased block size limit (4 MB);
• accelerated data processing.

Litecoin became the third ever cryptocurrency (after Bitcoin and Namecoin) and the second ever altcoin. The coin’s smallest indivisible unit (one hundred millionth) is called a litoshi, in a nod to bitcoins’ satoshi. The issue is limited to 84 million coins, of which 66.8 million are already in circulation.

If you are looking for a cheaper place to buy litecoin, our cryptocurrency platform will help you. It includes a simplified exchanger, so the transaction will not cause any difficulties. With its help, you can just as easily sell litecoin at a competitive price. For professional traders, we have a full-fledged trading interface, and you can use it to profit from the litecoin exchange rate with different strategies. In addition, Litecoin is many times faster and more economical than bitcoin when conducting payments and transfers.

Buy Litecoin for USDT

All over the world, the US dollar is considered the main clearing currency, so it is easiest to monitor the exchange rates of other currencies against the dollar. And in the world of cryptocurrencies, it has been successfully superseded by USDT, Tether’s cryptographic analogue of the dollar. Based on the fact that 1 USDT is worth 1 USD, the LTC/USDT trading pair can be considered the major tool for monitoring both the price of litecoin online and the state of the cryptocurrency market.

Litecoin price chart on the Polyx exchange: https://polyx.net/account/trade/LTC-USDT

Buy Litecoin for bitcoins

If you need litecoins, you can buy them not only for USDT, but also for BTC. In other words, exchange bitcoin for litecoins.

Chart of the price of LTC in BTC on Polyx: https://polyx.net/account/trade/LTC-BTC

Litecoin prices in 2021

Open of the year: 124.67 USDT.
High of the year (10 May): 412.96 USDT.
Low of the year (20 July): 104.33 USDT.

Online chart of Litecoin price:

Where to buy Litecoin

1. Our cryptocurrency platform, which includes both an exchange and a litecoin exchanger, can be regarded as the most reliable place to buy litecoin. We ensure the highest possible transaction speed, provide 24/7 support, and have secure wallets for storing LTC. In general, centralized platforms are still the safest place to trade litecoins. Users trust officially registered companies with licensing, such as Polyx.
2. Decentralized LTC exchanges and p2p marketplaces are a slightly less secure alternative for conducting transactions with a cryptocurrency. At the same time, the majority of them can’t match the operation speed and liquidity of centralized platforms. However, this is one of the few ways to buy litecoin anonymously.
3. Message boards, forums, and social networks are the most obvious and familiar ways to make purchases, but they are not safe. You will have to carefully check each seller so as not to encounter fraudsters. Similarly, it is best to take a relative with you to a face-to-face meeting as a precaution.

How to buy Litecoin on the exchange

If you choose Polyx, you need to deposit a cryptocurrency. With USDT, BTC, ETH, or BCH on your balance, you can immediately start buying LTC. For those who want to buy litecoins instantly, we suggest using the exchanger’s simple interface. This requires minimal effort: select the cryptocurrency to be given, enter the amount, select the cryptocurrency to be received (LTC), and click on ‘Exchange.’

For experienced users and professional traders, our advanced interface is the best way to buy Litecoin cryptocurrency. All the functionality of the exchange will be available here: creating and executing orders, chart, and buying or selling litecoins by limit. Moreover, each currency pair has its own trading page with DOM and history.

Interesting facts about litecoin transactions

• LTC addresses consist of 33 characters and either begin with the letter ‘L’ or the number ‘3.’ They are generated using public and private keys.
• In April 2017, Segregated Witness support was activated in the Litecoin protocol. This update resolved the problem of transaction malleability and increased bandwidth and block size. After that, addresses starting with ‘3’ began to contain the letter ‘M’ instead of a digit.
• Thanks to SegWit, the speed of transactions has increased significantly, and the confirmation time has been reduced to 2.5 minutes; though, even before its activation Litecoin was renowned for its confirmation speed. It was 15 minutes, which is four times faster than the Bitcoin network. The introduction of this update greatly influenced the price of LTC, which then increased ten times and reached 50 USD.
• In September 2017, the first atomic transactions were carried out on the network. These were direct transfers between LTC/BTC, LTC/DCR, LTC/VTC. This p2p exchange between blockchains is called cross-chaining.
• In October 2017, the Waves platform opened a gateway for payments with litecoins in its payment system.
• In April 2018, US payment provider Aliant became the first official payment processing partner for Litecoin cryptocurrency.
• On 19 April 2018, a transaction for 700,000 LTC was carried out between unknown members of the Litecoin network. At the price of that day, it was the equivalent of 93 million US dollars. The miners confirmed the operation in 2.5 minutes and charged only $0.40.