Top 5 Exchanges to Buy Litecoin
Developed and launched in 2011 by Charlie Lee, Litecoin has proven to be one of the best cryptocurrency platforms based on total market capitalization. The Litecoin platform at the onset was described as the silver to Bitcoin's gold. It was built on Bitcoin's protocol but it happens to be a faster and more advanced version of Bitcoin. With a block time of 2.5 minutes, this platform happens to be among the fastest cryptocurrency platforms in the world. Like most cryptos, Litecoin seeks to enable users all around the world to carry out fast, cheap and secure transactions. It also helps make payments across countries.
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The fame and popularity that this platform has gained in the last few years has made it one of the most sought after cryptos. This article will discuss certain exchanges that the token can be bought in a safe and cheap system. Some of these exchanges;
1. Coinbase: this happens to be one of the best cryptocurrency exchange to buy not just Litecoin but all other cryptocurrencies. This exchange is known for its simplicity and how fast these transactions can be carried out. Based in the US, this exchange supports the buying of Litecoin either through credit cards, direct bank transfers and other online payment methods like PayPal. Another interesting fact it that this exchange comes with a user-friendly interface which makes it the most recommended exchange for first time crypto traders. For all transaction carried out on this exchange, there is a 3.99% transaction fee.
2. Kraken: based in San Francisco, this exchange happens to the largest crypto exchange in the world. Being based in the US, this exchange has a significant presence in Japan and Europe. The advanced nature of this crypto makes it perfect for professional traders and longtime crypto traders. This exchange supports the buying of Litecoin either through USD/ EUR exchange or through SEPA or wire transfers. To ensure the security of this exchange, it adopts the two-factor authentication system. Another important fact of this exchange is that it charges low for all transactions carried out.
3. Changelly: this exchange is another ideal cryptocurrency exchange that Litecoin and other cryptocurrencies can be bought. The main feature of this exchange is the fact that it is available in almost all the countries of the world. All transactions and purchases are done in US Dollar. Like Coinbase, this exchange has a user-friendly interface which makes it easy to use.
4. Bitfinex: this exchange happens to be Bitcoin's largest crypto exchange but it also supports the buying and trading of Litecoin. It offers users the opportunity to buy Litecoin either with BTC or with fiat currencies like USD. For every $20,000 wire that is done on the platform, there is a 0.1 to 0.8% transaction fee.
5. Poloniex: launched in 2014, this exchange supports the trading of Litecoin and over hundred other altcoins. It has the highest liquidity rate and it carefully monitors all activities on the exchange to detect fraudulent activities.
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Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
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Saludos. Interesante el contenido de la publicacion. Muy bueno.. Gracias por compartirlo.
Good post. I think Binance should be added to that list, but just my opinon. Thanks for sharing.
Great list. Thanks for posting.
As a relatively new participant to the whole crypto workl I am sharing some of my feedback in dealing with some of the Top 5
Coinbase - if you are going to trade regularly I would advise to use GDAX ,its trading platform , when using GDAX , you eliminate the comission fee by making the trade yourself, you can also use the Stop Loss and Limit trade function . In the Coinbase platform you cannot use these.
Bitfinex, you need to deposit an initial $10K - this is probhitive for a small trader.
Kraken - it has disabled it Stop Loss function. This is not a smart move for those who want to protect their investment