Litecoin
Litecoin (LTC) is often referred to as the "silver" to Bitcoin's "gold." It's a peer-to-peer cryptocurrency that aims to provide fast and low-cost transactions. LTC has gained popularity as both a digital currency for everyday use and a store of value.
Buying
Litecoin
(LTC)
Through the App
Litecoin
's popularity has made it readily accessible through various platforms, including our app. If you're interested in buying
Litecoin
, here's how you can do it through our app:
Download and Install Our App
To get started, download and install our app from your preferred app store.
Sign up and Get verified
With no foreign transaction fees, you can spend your crypto globally, anywhere Visa is accepted.
Deposit funds
Deposit crypto to your Wayex Wallet or deposit $AUD via PaylD or BSB & Account Number within seconds.
Browse the market
Once you're verified and have your funds ready, navigate to the
Litecoin
(LTC)
section within the app. Here you can view real-time prices, historical data, and market trends.
Place your order
Specify the amount of
Litecoin
you want to buy and confirm your order. You can choose to buy a fraction of a
Litecoin
or whole units, depending on your preference and budget.
Done! You have now bought
Litecoin
. What now? You can either keep your crypto in your Wayex Wallet or you can transfer it to a different hot or cold storage wallet for added security, or you can cash out and spend your crypto through the Wayex Card, which converts your crypto into fiat in real-time! It works anywhere Visa is accepted.
Understanding
Litecoin
(LTC)
Litecoin (LTC) is a peer-to-peer cryptocurrency that emerged in 2011, created by Charlie Lee. Often referred to as "silver" compared to Bitcoin's "gold," Litecoin shares many similarities with Bitcoin but boasts faster transaction confirmation times.
Litecoin operates on a decentralised blockchain, offering secure and efficient transactions. It employs a Proof of Work (PoW) consensus mechanism, similar to Bitcoin, where miners validate transactions and secure the network.
One of Litecoin's notable features is its quicker block generation time, just 2.5 minutes compared to Bitcoin's 10 minutes. This results in faster transaction confirmations, making Litecoin suitable for everyday purchases.
The total supply of Litecoin is capped at 84 million, four times that of Bitcoin's 21 million. This higher supply aims to promote broader distribution and affordability.
Over the years, Litecoin has gained recognition as a reliable cryptocurrency and serves as a viable option for both investors and users. It has been integrated into various payment systems and adopted by numerous businesses worldwide.
Litecoin's enduring presence in the crypto space, along with its commitment to technological innovation and security, positions it as a significant player in the digital currency ecosystem.
**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Wayex to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of Wayex products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
