Litecoin has established itself as the chief fork of Bitcoin, and nowadays you can trade on this interesting digital currency with CFDs. When you trade Litecoin CFDs you can buy or sell promptly, so you can take action on your insights whether you’re bullish or cynical about the prospects of this cryptocurrency. Trade Litecoin CFD and benefit from a leverage of Up to 10:1 Trade using the effective MetaTrader 4 software Trade wherever you are with the tablet and mobile applications Experience the security of trading with a licensed broker Obtain live support in your language anytime the markets are open The Litecoin market is on hand to traders 24/7, for best comfort Both normal and automatic trading platforms available Open Demo Account Open Real Account What is Litecoin? Litecoin (LTC) is An open source virtual currency that allows swift, cheap online payments across the internet. The Litecoin blockchain is capable of managing larger transaction amounts in contrast to its forefather the Bitcoin. This would be fairly resulting from it’s a more frequent block generation where the network supports more transaction without a need to update any future software. As a result, customers receive quicker transaction confirmations. The Technology of Litecoin Digital mining of Litecoins currently rewards miners 50 new Litecoins per block, of which this amount is halved every 4 years approximately every 840,000 blocks. The network system for the Litecoin is set to supply 84 million Litecoins which sums up to 4 times the amount of bitcoins. The distribution of Litecoins is made by digital wallet, that secures the protection of the coins as well as makes it possible for you to look at your transactions. Why CFDs make sense for Trading Litecoin: As CFDs allow you to trade on the price level of Litecoin future market changes, without personally using the coin. Traders are in a position to profit on the difference in the price both if it increases or declines. Also, they can take advantage of the benefits and disadvantages without genuinely operating the coin and benefit from Security – You don’t have to worry about your Litecoins being compromised. CFDs are a derivative solution. Your potential profits are based on the movement of the Litecoin price but no Litecoins are bought or sold in your name. Convenience – Buying cryptocurrencies directly can be complicated. With AvaTrade CFD trading it’s as easy as selecting Litecoin from a menu and clicking to sell or buy. It’s so simple and easy you can do it on your mobile or tablet phone. Get leverage of up to 10:1 – As a financial derivative, you can trade CFDs on leverage, meaning you can open a bigger position in the market. Diversify – CFD trading offers a wide spectrum of assets and Forex pairs for you to trade, all from one software. Litecoin is a peer-to-peer, decentralized digital currency based on the blockchain application. The creators of Litecoin sought to adapt the Bitcoin model to develop a more stable and efficient currency. There are multiple essential distinctions between Bitcoin and Litecoin, including the technique litecoins are “mined”, security practices, and the total number of coins destined to be generated.
With the rising demands of cryptocurrencies, the number of exchanges to assist the buying and selling is also on the rise. In the past few months, many new exchanges have hit the market and Koinex is one of them. Despite being a new exchange, Koinex is becoming popular for bringing the instant deposit and withdrawal to Indian cryptocurrency enthusiasts. Before we get into a lot of details, let’s talk about the volume.