fbpx

How to buy and sell Litecoin

What is Litecoin (LTC)? 

In 2011 a hard fork caused Bitcoin to split in two: creating Bitcoin and Litecoin. Key factors that differentiate Litecoin from Bitcoin are transaction speed and block reward per block. Litecoin’s transaction time  is about four times faster than Bitcoin’s, and has 25 block rewards per block compared to Bitcoin’s 12.5. 

Read more about Litecoin on github.

What is LTC’s value now?

What gives LTC its value?

There are advantages inherent to Litecoin over Bitcoin. Litecoin can handle more transactions, given the shorter block generation time. Litecoin also has a barely perceptible transaction fee. It costs 1/1000 of a Litecoin to process a transaction, regardless of its size. 

Buy and sell LTC for fiat currency

Currently, you cannot purchase Litecoin on our OTC marketplace. You can, however, buy Bitcoin, Ethereum or USDT, and then proceed to buy LTC on the spot market.

If you already own crypto, simply deposit the amount into your AAX account and trade it against LTC.

Trade LTC against other cryptocurrencies

On AAX, you can trade LTC against Bitcoin, Ethereum and USDT. AAX also lists perpetual futures contracts for LTC.

Trade anytime, on the go

With AAX’s mobile app you can stay on the top of your game at any time, on the go. You can download the app on Google Play, as well as the App Store.

Why trade with AAX?

Powered by LSEG Technology’s cutting edge matching engine, which is also at the heart of London Stock Exchange, and other traditional financial markets, AAX is a next-generation cryptocurrency exchange.

Integrity comes first
AAX is fully AML/KYC compliant and transparent.

Cutting-edge security
Multi-layered security systems, robust custody, fully audited.

Multi device support
Trade on browser, iOS, and Android app. AAX supports API.

All-in-one account
Trade across OTC, Spot, and Futures, deposit and withdraw, in one seamlessly integrated account.

What can you do once you own XRP?

Store/Hold LTC
Some users hold on to their LTC with the expectation of it increasing in value. You can store your LTC safely on your AAX account, a separate hot wallet or in cold storage.

Trade XRP
You can trade LTC against other cryptocurrencies on AAX. You can also hedge against your position with perpetual futures contracts for LTC.

Send XRP
From your AAX account, you can easily transfer value around the world. You can buy LTC online and send it to anyone and anywhere with a wallet that supports LTC.

Want to learn more?

Stay up to date on the latest news, industry trends and developments.

Add comment

Your email address will not be published. Required fields are marked *

Choose a language