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Litecoin is a digital currency, originally created in 2011 by a Google engineer called Charlie Lee. Charlie Lee modified, also known as fork, the Bitcoin code that was made public. Litecoin’s algorithm got popular since it’s not as complex to mine as Bitcoin.
Litecoin (LTC) is comparable to Bitcoin in many of its characteristics, however, there are two main differences between their blockchains: speed and amount. To create one block on Bitcoin it takes 10 minutes, while Litecoin needs roughly 2.5 minutes. This is mainly due to its more frequent block generation – meaning 4 times the speed.
Moreover, Litecoin blockchain attracts many users, as it can produce 84 million coins, which is four times the quantity of Bitcoin capability.
Litecoin offers substantial liquidity, trade volume and industry support, since it has been in the crypto market for quite a while for now.
At Baxia Markets you can profit from Litecoin’s price movements. If you feel the prices will go up, you can buy Litecoin with us, however if you feel the prices are going down, you can also sell Litecoin and benefit from a bear market without owning the underlying asset.
Explore overview page of top cryptocurrencies traded
We offer you the leverage of 5:1, meaning you can potentially increase your profits with a smaller investment. Open an account with us and start trading Litecoin today. Trading Cryptos is commission free.
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BAXIA LIMITED
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Limited, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Limited makes reasonable efforts to provide accurate translations of the website in other languages for your convenience. Where content is missing, inaccurate or incomplete, the English version prevails.