Litecoin LTC Rank #19
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There is no doubt one of the world’s leading trading platforms nowadays is Binance.
So, if you want to start out trading on it, the first thing you have to do is to learn how to get Litecoin (LTC).
That’s why on this page we’ll provide you with all what you need to know to purchase Litecoin (LTC) on the Binance cryptocurrency exchange.
To be capable of buying Litecoin (LTC) on Binance, the very first thing you need to know is how to open your account.
To do so, you need to follow each one of the steps listed below.
Navigate to the Binance homepage and click on the "Register" key.
You can access directly by pressing here.
Locate the "Register with a phone or email" button in the homepage and click on it.
The Binance platform is totally compatible with iOS mobile devices as well.
For the purpose of this post, the email address subscription process will be described.
Check the inbox of the email address you utilized for subscription and look for the activation code for your Binance account. Enter it in the corresponding box and click on "Send"
You’re now a Binance subscriber!.
It is a good idea to navigate through the different options of the Binance platform and get acquainted to them.
That’s the best way to realize how practical the Binance platform is, and how fast you can begin operating with Litecoin (LTC).
To get access to these options, the first thing you must do is fulfill the identity verification.
Please, take into account that it will be only after you have completed this safety measure that you’ll be allowed to begin trading Litecoin (LTC).
No big deal, though. See the next paragraphs to fulfill that step.
These are the instructions to verify your Binance account and get authorized to start trading:
On the main page, hover the mouse on the user profile menu and a list will immediately show up where you will need to click on "Security"
You can also click on the "Verify" button on the upper part of the screen
Look for the option "Identification" on the left part of the navigator window.
Country of residence is the first thing you must pick.
Here you’ll will find three levels of verification:
Click on the "Start now" button below the "Verified" label, since this will be your beginning level.
A new window will pop-up, and there you’re going to give your personal information: Nationality, first name and last name, middle name and birth date. Besides, make sure you give the exact address of your residence
Here, the Binance platform will ask you to show a legal document for identity checking.
Use your passport, ID card or even your driver’s license to complete this step.
In the next step, you will be asked to take a selfie, according to the platform’s guidance.
Once those steps have been completed, the Binance platform will perform a confirmation process on your account.
Once your request has been approved, Binance is going to let you know via e-mail, just be patient.
The following instructions will guide you through the Litecoin (LTC) buying process. As soon as you’ve received the confirmation e-mail, you are a Binance authorized Litecoin (LTC) trader.
In this segment you’ll realize how easy is to make a purchase of Litecoin (LTC).
Next, you’ll need to use a legal document to sustain your identity.
passport, ID card or even a driver’s license will be enough to fulfill this requirement.
Follow the system instructions to take a selfie.
Now you will have to wait for a short time while an account confirmation process takes place.
So, wait patiently, Binance is going to send you an e-mail when your application has been approved.
Congratulations! Now you’re officially licensed to buy Litecoin (LTC). The following guidelines will be helpful.
Learning how to convert cash into Litecoin (LTC) is actually quite easy.
Take into account that you could have more than one option for this process
Look for the "Buy cryptos" menu on the Binance main page to find out which alternatives are available to you when buying.
You need to, of course, do this once you are logged into your account
Unveil all the different purchase options just by placing your mouse over this button.
The next step is to support your identity using a legal document.
Use your passport, ID card or even your driver’s license to complete this step.
Now, you will be asked to take a selfie, following the application’s requirements.
Now you will have to wait for a short period while an account verification process is performed.
As soon as your profile has been accepted, you will be informed via email, just be patient.
Upon receiving that email it’s time to get Litecoin (LTC), just follow the guidelines below.
In this section you’ll discover how simple is to convert cash into Litecoin (LTC).
You may find more than one option throughout the process
To know which options can be found when making a purchase, see the "Buy cryptos" menu on the Binance main page.
You should, of course, try this after you’ve logged into your account
Move your mouse on this option and a list of buying alternatives will deploy.
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
These guidelines will help you in the process:
In the next box, select the currency you want to buy with and enter how much you want to invest.
The the Litecoin (LTC) you intend to get must be picked from the second field
Once you do so, the system will automatically show you the number of Litecoin (LTC) you are going to receive, taking into account the amount of USD you’ve recently defined.
After that, just observe these instructions:
In the next box, select the currency you’d like to buy with and specify how much you want to invest.
Next, pick the Litecoin (LTC) you are going to purchase
The number of Litecoin (LTC) you will be given will depend upon the amount of USD you’ve previously specified. The Binance platform will immediately display it.
Press "Continue".
If you want to pay with a credit card, go to the "Visa/Mastercard" box and press the "Add card" button.
Indicate your credit card data and click "Next".
In this step you must write the address associated to the credit card. Type it exactly as it is, then press "Add card".
Now that your new card has been successfully included, press "Continue".
The next screen will display a quick view of the transaction about to be completed. It includes the sum your card will be charged, the selected currency and the quantity of Litecoin (LTC) bought.
Obviously, Binance will claim a certain percentage as a commission for making the transaction, and that will appear in that summary also.
At this point you have 1 minute to press "Confirm", otherwise the order will automatically expire.
Next, you will be sent towards the site of the bank issuing the credit card. Then you will make a standard on-line payment with your credit card.
Your recently purchased Litecoin (LTC) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking procedure has been completed
Next, all the important details of the operation will be displayed: the sum you will pay and the corresponding currency, and obviously, the cryptos you will receive.
Another detail of relevance in this snapshot is the percentage you’ll be charged as a commision for making the operation.
In less than 1 minute press "Confirm", and then the order will expire automatically.
After this, you will be sent towards the site of the bank issuing the credit card. There you would complete a normal online payment with your credit card.
Your recently bought Litecoin (LTC) will be credited to your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure has been completed
When the new payment method has been configured in your account, locate the "Buy Crypto" menu in the top bar of the navigator, press on the "Trading P2P" option and follow the guidelines described below:
After you have completed a payment to the trader, they will release the Litecoin (LTC), by confirming payment reception.
You may see your wallet account balance to confirm reception.
Take into account that your Litecoin (LTC) must be in your Spot Wallet in order for you to buy others, so you will need to send them there before.
You can move them immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
When you have made a payment to the seller, they will release the Litecoin (LTC), just by confirming payment reception.
This way, they will automatically be added to your wallet balance.
Note that you will need to move them to your Spot Wallet in case you would want to buy any other crypto.
You can do this immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This Litecoin (LTC) internal transfer can be performed anytime later.
With these funds already in your Spot Wallet, don’t fear to trade any crypto you consider will be worthwhile.
Note how easy is to purchase any cryptocurrency from Binance:
With these funds already in your Spot Wallet, don’t fear to purchase any cryptocurrency you consider will be profitable.
Purchase any crypto from Binance just following the instructions described next:
This post surely pictured you a detailed overview of what Binance is and how you can do business with Litecoin (LTC) on it.
Cryptos have come to stay, and Binance is a secure and friendly environment to do business. Start right now!
In case you like to make money through cryptocurrencies, you must be able to utilize Kucoin platform. This form oftrade is providing great benefits for all its users, and it is showing more and more evolution in all its tradings.
If you would like to learn conveniently how to buy a Litecoin (LTC) in Kucoin, you will need to keep on reading this post.
Once you’ve subscribed to Kucoin and complied the security requirements, you need to deposit your currency. The process is pretty easy, good news is that there are several options to accomplish that.
One of them is to click to the "Balance" or "Assets" section at the top right in the display and select the «Deposit» link. From then on, pick the Litecoin (LTC) you want to transfer into your account to purchase new cryptos, for instance, USDT.
Following this, you will pick the network you will utilize to get the operation done. We all advise Tron (TRC20) because it has the lowest commissions.
Next is the the address you need to insert in the «Exchange» where you currently have the USDT you’d like to transfer to Kucoin. When you have already done this, you are going to instantly get the funds within your main account.
If this seems not to be not working in the country you’re living, you should try transferring the money to your account through P2P trading. This type of purchase signifies that you actually make a traditional bank transfer to one of the documented traders to get any of the genuine cryptos.
Now that you get the funds in your account, it’s time to learn how to interact with the Kucoin website.
Before buying a Litecoin (LTC) on Kucoin you have to move the money you’ve just purchased to the trading accounts. To accomplish this you must open the «Balance» menu, click on the main account, enter the cryptocurrencies and then choose «Transfer». This last option can be found on the same line than the currency you are going to use to complete the purchase.
If that does not work in the country you’re currently living, you can attempt moving funds to your account through P2P trading. This type of purchase means that you make a bank transfer to any of the registered traders to get any of the approved cryptos.
When you have the money in your account, it’s time for you to learn how to navigate through the Kucoin platform.
Purchasing a Litecoin (LTC) on Kucoin you must move the money you’ve just purchased to the trading accounts. To achieve this you must navigate to the «Balance» menu, click the main account, enter your cryptocurrencies then choose "Transfer". This last button can be found on the same line as the currency you will use for the purchase.
After that, you are directed to a menu for choosing where you wish to send the funds. You need to take from the «Main Account» to the "Trading Account", and indicate the currency and the sum you want to send to transact. Then select "Confirm".
Once you got the cash within your account, you can purchase your crypto and start trading.
Here we will explain how to buy Litecoin (LTC) in different ways. To start, you need to access the «Trade» menu and choose "Spot trading" (Spot Market). Then simply enter the word Litecoin (LTC) in the search line at the top corner of the webpage.
The system will indicate the crypto pairs you can trade with.
In other words, you‘ll only be in a position to purchase Litecoin (LTC) just with the crypto pairs showed there.
For this case, you’re able do it with «USDT», «USDC», «KCS», and «BTC».
We select ADA/USDT since we have funds in this couple. When we do so, it automatically loads the crypto graph data and the order book containing the buy and sell tradings.
In order to be able to do the operation, you ought to type the trading code.
At the bottom-right, the platform shows the user the financial markets to trade crypto, instantly enabling «Spot». There we now have 3 options to purchase Litecoin (LTC). Those are the following:
You can also set the order activation yet process it at the best market price. You can do this by choosing "Stop Market", and indicating in "Stop Price" the amount you wish the Litecoin (LTC) to reach to activate the order and the amount of USDT to spend. By hitting Buy Litecoin (LTC), your order will be processed at the market rate once it is the just like the stop price you’ve just set.
With any of these alternatives, you’ve already got the Litecoin (LTC) tokens you have purchased available in your trading account. From this moment you’re free to trade with this or you can purchase other cryptos. Remember that with Litecoin (LTC) you’ll only be capable of get the cryptos available in their pairs. Frequently you will have to sell your Litecoin (LTC) for a crypto that is typically available in the Litecoin (LTC) pairs, such as BTC, USDT, and BNB, and then you can purchase the particular one that you actually want.
Now you can buy a Litecoin (LTC) at the Kucoin platform.
| Exchange | Market Pairs | Buy |
|---|---|---|
| Binance | BTC/USDT | Buy here |
| Coinbase Exchange | BTC/USD | - |
| FTX | BTC/USD | - |
| Bybit | BTC/USDT | - |
| Huobi Global | BTC/USDT | - |
| Bitfinex | BTC/USD | - |
| KuCoin | BTC/USDT | Buy here |
| FTX US | BTC/USD | - |
| Gate.io | BTC/USDT | - |
| Bitstamp | BTC/USD | - |
| Kraken | XBT/USD | - |
| Bithumb | BTC/KRW | - |
| Gemini | BTC/USD | - |
| Binance.US | BTC/USD | - |
| Coinone | BTC/KRW | - |
| Poloniex | BTC/USDT | - |
| Bittrex | BTC/USD | - |
| Liquid | BTC/JPY | - |
| ZB.COM | LTC/USDT | - |
| FMFW.io | LTC/USD | - |
| OKX | LTC/USDT | - |
| MEXC | LTC/USDT | - |
| LBank | LTC/USDT | - |
| BitGlobal | LTC/USDT | - |
| Crypto.com Exchange | LTC/USDT | - |
| Phemex | LTC/USDT | - |
| eToroX | LTC/USD | - |
| AscendEX (BitMax) | LTC/USDT | - |
| Okcoin | LTC/USD | - |
| PancakeSwap (V2) | LTC/WBNB | - |
| Binance TR | LTC/BUSD | - |
| ProBit Global | LTC/USDT | - |
| Indodax | LTC/IDR | - |
| Tokocrypto | LTC/USDT | - |
Litecoin (LTC) is a cryptocurrency designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
To learn more about this project, check out our detailed look at Litecoin.
The cryptocurrency was created on the basis of the Bitcoin (BTC) protocol, but it differs in terms of the hash algorithm used, maximum limit, block transaction times and some other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for microtransactions and point-of-sale payments.
Litecoin was released via an open source client on GitHub on October 7, 2011, and the Litecoin network went live five days later on October 13, 2011. Since then, it has skyrocketed in both usage and popularity. acceptance among traders and was counted among the top ten cryptocurrencies by market capitalization for most of its existence.
The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lightweight version of Bitcoin" as it features many of the same properties as Bitcoin, albeit lighter.
As mentioned above, Litecoin was founded by Charlie Lee, an early adopter of cryptocurrencies and a well-respected name in the cryptocurrency industry.
Charlie Lee, also known as "Chocobo", is an early Bitcoin miner and a computer scientist who was a software engineer for Google. Additionally, Charlie Lee served as the director of engineering at Coinbase between 2015 and 2017 before moving on to other initiatives.
Today, Charlie Lee is an outspoken advocate for cryptocurrencies and is the CEO of the Litecoin Foundation, a non-profit organization that works alongside the Litecoin Core development team to help move Litecoin forward.
In addition to Lee, the Litecoin Foundation also includes three other people on the board of directors: Xinxi Wang, Alan Austin, and Zing Yang, all of whom are fully realized.
Behind Bitcoin, Litecoin is the second most popular pure cryptocurrency. This success can be largely attributed to its simplicity and clear utility advantages.
As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies and over 2,000 merchants and shops now accept LTC worldwide.
Its main advantage comes from its speed and economy. Litecoin transactions are usually confirmed within minutes and transaction fees are almost negligible. This makes it an attractive alternative to Bitcoin in developing countries, where transaction fees can be the deciding factor as to which cryptocurrency to support.
In late 2020, Litecoin also saw the launch of the MimbleWimble (MW) testnet, which is used to test confidential Mimblewimble-based transactions on Litecoin. Once this feature becomes available on the core network, Litecoin users will also benefit from significantly improved privacy and fungibility.
The Litecoin Foundation announced the highly anticipated update to the Mimblewimble Extension Block (MWEB) as part of the Litecoin Core 0.21.2 release candidate on January 31, 2022. MWEB is "set to be the largest update to the Litecoin network, and promises provide fungibility for all, while improving the scalability of Litecoin.” MWEB will be a trigger function, enabling Litecoin to be “the most fungible cash-like cryptocurrency in space.” Also the Taproot update to improve security and privacy will be part of the major release.
Like most Proof-of-Work (POW) cryptocurrencies, the amount of Litecoin in circulation gradually increases with each new block mined.
As of January 2021, 66.245 million LTC have already been mined out of a total maximum supply of 84 million. The Litecoin Foundation recently estimated that it will take more than 100 years for Litecoin to reach full dilution (around the year 2140), as the amount of LTC mined per block decreases every four years as part of the reward halving program.
About 500,000 LTC were installed the first day after the LTC genesis block was mined, and Charlie Lee and presumably other early Litecoin developers were among the first miners.
Despite this, as a fairly distributed resource, Litecoin or Charlie Lee developers do not receive any direct profit from operating Litecoin, apart from anything they may earn as part of the normal mining process.
When Litecoin went public on various markets in 2011, the price of Litecoin reached $0.30. Then, from November to December 2013, it experienced a massive bull run, with the price of Litecoin reaching a high of $44.73. However, the bear market and the Mt. Gox hack caused Litecoin prices to crash in 2014 and prices have been consolidating in the $2-$4 range for several years. In November and December 2017, the Litecoin price rose over 500% to $358.34, due to the cryptocurrency bull market. Litecoin price reached an all-time high in May 2021, in the latest cryptocurrency rally, reaching $386.45 on May 9, 2021.
As a blockchain-based cryptocurrency, Litecoin is protected by incredibly strong cryptographic defenses, making cracking virtually impossible.
Like Bitcoin and many other cryptocurrencies, Litecoin uses the PoW consensus algorithm to ensure transactions are confirmed quickly and error-free. The combined strength of the Litecoin mining network prevents double charges and a host of other attacks while ensuring the network has 100% uptime.
Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs and can be traded for US Dollars (USD), Korean Won (KRW), Euros (EUR), and more when you buy Litecoin. Some of the biggest names include Huobi Global, Binance, Coinbase Pro, OKEx, and Kraken.
Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs and can be exchanged for US Dollars (USD), Korean Won (KRW), Euros (EUR), and more.
To check the real-time Litecoin price in the fiat currency of your choice, you can use the CoinMarketCap conversion feature directly on the Litecoin currency page. Alternatively, use the page dedicated to the exchange rate converter. The most popular Litecoin price pairs include: LTC/USD, LTC/GBP, LTC/KRW, and LTC/EUR.