Buying Litecoin at Topkens exchange, you can buy and sell Litecoin LTC digital currency with instant authentication and with the lowest fees.

buy and sell litecoin online

What is Litecoin digital currency?

Litecoin digital currency is one of the oldest cryptocurrencies that officially started its activity in 2011. This coin uses various blockchains to record transactions. This cryptocurrency, which is known as LTC in the cryptocurrency market, has a decentralized system. In the sense that it is not like fiat currencies that a bank or a specific institution manages it, or the power of money is in the hands of a specific person.

Litecoin digital currency has been recognized as a stable digital asset in the cryptocurrency market so far and continues to grow, and all these issues together have made it highly popular among investors. If you are among those who like to be active in the digital currency market and are one of the investors of Litecoin, stay with us to learn more about this cryptocurrency, its future and how to buy and trade it.

Litecoin cryptocurrency history

Litecoin digital currency was first introduced in 2011 by Mr. Charlie Lee. He was one of the employees of Google who designed this cryptocurrency with the aim of improving Bitcoin and solving its problems. He was able to slightly improve some of the existing problems, such as the speed of transactions and the costs related to the mining work, by examining the Bitcoin codes and making corrections on them. He was able to increase the speed of transactions from 10 minutes to a quarter of this amount. In the design of the Litecoin network, unlike Bitcoin, only one blockchain is not used, but transactions are recorded in a number of blockchains, which has also increased the speed of transactions.

How Litecoin works and its mining

Litecoin digital currency like Bitcoin must be mined. To maintain the security of the network, a group of miners has taken action, and every miner who can confirm the transactions and register them in the blockchain by using complex mathematical transactions, will receive his fee, which is the same as Litecoin units. The Litecoin network uses the Scrypt system to mine this currency. This algorithm has made transactions to be confirmed and recorded with less workload and faster speed. Graphics cards are still used to mine LineCoin, unlike Bitcoin. Of course, it is more economical to use ASIC devices for this purpose. The speed of approval of transactions in Litecoin is 2.5 minutes, and after approval, it is stored in a block and recorded in the blockchain.

Litecoin price and future

At the beginning of the Litecoin digital currency, its price was one cent. But in 2017, it suddenly experienced an incredible price growth and its price increased 1,700 times and finally reached its highest price of $320. But its price gradually began to decline. Of course, it is still growing. But it has not yet experienced its initial growth. Litecoin is currently ranked fifth in the digital currency market and is considered one of the most popular digital currencies. Litecoin digital currency has good potential for price increase and growth in the future.

Where to buy Litecoin currency?

In order to be able to trade Litecoin LTC, you need to go through four steps:

Register at Topkens exchange.

Complete your authentication and wait for expert approval.

After confirming your identity, proceed to deposit Rials.

Buy Litecoin currency

Advantages of Litecoin currency

Using the Litecoin digital currency network, you can easily and without worry transfer large amounts of currency from around the world to another region.

You can easily install the Litecoin wallet application on your laptop or phone and use it for Litecoin transfers.

The high speed of transactions and the low price of fees have made Litecoin a popular and popular cryptocurrency.

The processing power of the Litecoin network algorithms is such that it can extract 4 times more currency than Bitcoin annually.

It is designed to be decentralized and you can access Litecoin servers anywhere in the world.