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ltc
Litecoin (LTC) is a cryptocurrency that lets people send money quickly, securely, and without needing a bank or middleman. It’s built on blockchain technology, which records transactions on a public ledger.
This coin is available on Newton.
Created in 2011 by Charlie Lee, a former Google engineer, Litecoin is often called the "silver" to Bitcoin's "gold." While it's similar to Bitcoin, it focuses on faster transaction times and lower fees, making it more practical for everyday use.
Litecoin uses a different mining algorithm called Scrypt, which makes it easier for more people to mine compared to Bitcoin. This helps keep the network decentralized and accessible to individual miners.
You can use Litecoin for various purposes, like buying goods and services, transferring money, or simply holding it as an investment. Its compatibility with many wallets and exchanges makes it easy to buy, sell, and store.
With a capped supply of 84 million coins, Litecoin is designed to be scarce, which helps maintain its value over time. This makes it appealing to people looking for a reliable cryptocurrency option.
Litecoin runs on blockchain technology, which is like a digital ledger that records and verifies transactions across a global network of computers. This system ensures security and transparency without needing a central authority.
When someone makes a transaction, miners on the network confirm and add it to the blockchain by solving complex math problems. These miners get rewarded with newly created Litecoin and transaction fees.
One of Litecoin's standout features is its speed—transactions are confirmed every 2.5 minutes, which is much faster than Bitcoin's 10-minute block time. This makes it better suited for quick payments.
The network also uses a mining algorithm called Scrypt, which requires less specialized hardware than Bitcoin's system. This opens up mining to a broader range of participants, keeping the network more decentralized.
Over the years, Litecoin has adopted improvements like Segregated Witness (SegWit) and the Lightning Network, which help it process more transactions efficiently and keep fees low.
Litecoin (LTC) is a cryptocurrency designed to offer faster transaction speeds and lower fees than Bitcoin.
The market cap and circulating supply of Litecoin significantly influence its price and investor perception.
Litecoin’s price is determined by various factors including market demand, trading volume, and global adoption.
Litecoin's maximum supply is designed to limit inflation and ensure its long-term value.
Litecoin is incredibly versatile, offering a fast and cost-effective way to send money anywhere in the world. Its low fees make it ideal for small purchases, like coffee, or large transfers, like remittances.
Many businesses accept Litecoin as a payment method, allowing you to use it to buy products and services both online and in person. Its speed and reliability make it a great choice for daily transactions.
For people who need to send money internationally, Litecoin is a game-changer. It eliminates the high costs and delays often associated with traditional banks and remittance services.
Investors also see Litecoin as a valuable asset, using it to diversify their portfolios or as a hedge against traditional markets.
On top of that, Litecoin is starting to play a role in decentralized finance (DeFi), where it can be used for lending, borrowing, or earning interest. This expands its use cases beyond just payments.
Litecoin was created in 2011 by Charlie Lee, who wanted to improve Bitcoin by making a faster and more efficient cryptocurrency. Litecoin was made available through an open-source client on GitHub on October 7, 2011, and the Litecoin Network went live five days later on October 13, 2011.
Over the years, Litecoin has acted as a testing ground for new blockchain technologies, like Segregated Witness (SegWit), which it implemented in 2017. These upgrades improved its efficiency and kept it competitive in the evolving crypto space.
Litecoin’s community has played a huge role in its success, ensuring regular updates and innovations. This strong support has helped it stay relevant while many other early cryptocurrencies faded away.
While Litecoin’s price has seen ups and downs, it has consistently remained one of the top cryptocurrencies by market capitalization. Its stability and widespread acceptance make it a reliable choice for users and investors alike.
Today, Litecoin continues to grow as a secure, fast, and scalable cryptocurrency with a solid track record. It’s often seen as a practical alternative to Bitcoin, especially for everyday transactions.
Litecoin’s development is led by a dedicated team focused on improving its scalability, security, and usability.
Litecoin and Bitcoin share similar origins but have distinct characteristics, including their price dynamics.
You can securely store your Litecoin (LTC) on platforms like Newton or in your personal wallet, ensuring its safety. Additionally, you can track the total supply of 84 million LTC across the globe and monitor the latest price chart to stay updated on its position in the market.
Litecoin is not stakeable because it uses a Proof-of-Work (PoW) consensus mechanism, which relies on mining rather than staking. As an alternative, you can explore crypto lending platforms or interest-bearing accounts where you may earn returns on your Litecoin holdings.
You can spend Litecoin at merchants who accept cryptocurrency, offering a fast and efficient way to make digital payments. Additionally, you can check Litecoin’s real-time price before making any purchases to ensure you’re getting the best value.
Send Litecoin quickly through its network with a block time of just 2.5 minutes, benefiting from its low transaction fees. Transactions on the Litecoin network are typically confirmed faster than many other cryptocurrencies.
Donate Litecoin to organizations that accept it, providing a quick, secure, and low-cost way to contribute. Litecoin’s fast transaction speeds and low fees make it an ideal choice for charitable donations.
Swap Litecoin for other cryptocurrencies like Bitcoin or Ethereum on various platforms, tracking Litecoin’s live price to optimize your trades. Many platforms globally make it easy to trade Litecoin for other assets.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
When buying LTC directly from individuals or unregulated sources, you face risks. These transactions often lack transparency, leaving you vulnerable to unreliable sellers or scams. Without the backing of a trusted platform, the safety of your funds cannot be guaranteed, so proceed with caution if considering this route.
To ensure a secure and straightforward experience, use a regulated cryptocurrency platform like Newton. This option allows you to deposit funds conveniently via e-Transfer or wire transfer while accessing the 70+ selection of cryptocurrencies, including LTC. Regulated platforms also provide up-to-date crypto market insights, helping you trade with confidence.
Newton offers highly competitive Litecoin prices in Canada, helping you get the best value when buying or trading LTC. This makes it easier to optimize your Litecoin investments, whether you're just starting out or actively tracking market trends.
Newton provides top-notch security features to protect your Litecoin assets. You can manage your devices, monitor login history, and set up an anti-phishing code to safeguard against fraud. Enhance your account protection by enabling Multi-Factor Authentication and adding trusted contacts.
Newton makes it affordable to buy and sell Litecoin, with a 1.25% - 1.45% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton is accessible on both desktop and mobile, providing you with the flexibility to trade Litecoin wherever you are. Whether at home or on the go, you can manage your Litecoin transactions with ease from any device.
Newton’s platform is built with user experience in mind, making it simple and efficient for both beginners and experienced traders. Whether you’re checking the latest price of Litecoin or managing your portfolio, Newton provides a seamless, easy-to-use interface.
As a Canadian-based platform, Newton offers a secure and reliable environment for Canadians to trade Litecoin and other digital assets. With a focus on security and ease of use, Newton is a trusted choice for cryptocurrency trading in Canada.
Start by creating an account on a reliable cryptocurrency platform like Newton, where Litecoin (LTC) is listed alongside other assets. Litecoin is a cryptocurrency created based on the Bitcoin protocol but differs in terms of the hashing algorithm used, making it a unique digital asset.
Fund your account with fiat currencies such as CAD, using methods like Interac e-Transfer or credit card. Once funded, you can track the Litecoin price chart and monitor the latest Litecoin price in Litecoin CAD to assess the market's price history.
After your account is funded, you can start purchasing Litecoin (LTC). Known for its block time of just 2.5 minutes, Litecoin offers fast transactions and operates on a mining algorithm different from Bitcoin’s, making it a popular choice for Litecoin mining enthusiasts.
Choose Litecoin (LTC) from the list of cryptocurrencies available on the platform. With a supply of 84 million LTC, Litecoin is often seen as an alternative to Bitcoin in developing countries, and its market cap makes it a key player in Litecoin markets.
Enter the amount of Litecoin (LTC) you want to purchase, either by quantity or in Litecoin CAD terms. You can buy small amounts or larger quantities, as millions of LTC have already been mined, making Litecoin one of the most widely circulated digital assets in the cryptocurrency space.
Once you review and confirm your purchase, your Litecoin will be credited to your account. Litecoin transactions are typically confirmed quickly, and you can track the price live in the fiat currency or explore further with the Litecoin core development team or the Litecoin Foundation to stay informed about Litecoin news.
A personal wallet gives you complete control over your Litecoin, but it also means you must carefully manage your private keys. You are fully accountable for securing your assets, which can lead to potential risks. Although it offers privacy, the safety of your Litecoin relies entirely on your ability to stay vigilant.
You can store your LTC right in your Newton account! Newton offers strong security features such as multi-factor authentication, login history tracking, and an anti-phishing code to safeguard your Litecoin. Additionally, it lets you manage trusted devices and designate a trusted contact for extra protection. These built-in security tools make Newton a safer and more dependable choice for managing your Litecoin.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Litecoin, please see our Asset Statement.
