Best Exchanges to Trade Litecoin (LTC)
Trading cryptocurrencies can be confusing at times. Wit hover 200 cryptocurrency exchanges available in the market, choosing which one best fits your needs can be overwhelming and difficult at times. That’s why we’ve bought you a list of the top 5 exchanges to trade Litecoin (LTC) against Ether (ETH) and other trading pairs in the market.
Before we jump into each exchange, is important to know what Litecoin (LTC) is. Litecoin is a cryptocurrency created by Charlie Lee in 2011. Litecoin (LTC) is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It offers an open-source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin (LTC) features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin (LTC) is a proven medium of commerce complementary to Bitcoin (BTC). As of today, Litecoin is the 6th cryptocurrency by market capitalization, with over $3.7 billion and a trading volume during the last 24 hours of over $4 billion at the time of writing.
EtoroX
EtoroX offers a new kind of crypto exchange and wallet, available to everyone, without compromising on security or quality. A regulated wallet that is compliant with the highest levels of licensing. An advanced regulated exchange that offers a consistently expanding list of cryptoassets for retail and corporate customers. This cryptocurrency exchange offers the possibility to exchange Litecoin (LTC) with Ethereum (ETH), Bitcoin (BTC), and others.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered one of the biggest cryptocurrency exchange in the world in terms of the trading volume. It offers the possibility to exchange Litecoin (LTC) with Ether (ETH), Bitcoin (BTC), and others.
P2Pb2b
This cryptocurrency exchange has gained a lot of popularity over time. Currently positioned third according to its 24 trading volume, this exchange differs from the rest by offering the possibility to trade digital assets and cryptocurrencies. With headquarters in Switzerland, the P2PB2B can support up to 10,000 trades per second and one million Transmission Control Protocol (TCP) connections. It offers the possibility to exchange Litecoin (LTC) with Ether (ETH), Bitcoin (BTC), and others.
HitBTC
HitBTC is one of the leading European crypto exchanges which provides cryptocurrency trading services to institutional, merchants and individual traders worldwide. Created in 2013, this cryptocurrency exchange as expanded its operations worldwide and is currently being managed by the Ullus Corporation. HitBTC provides trading operations for the most popular digital currencies, including the possibility to exchange Litecoin (LTC) with Ether (ETH), Bitcoin (BTC), and others.
Bitstamp
Bitstamp is a crypto exchange based in Luxembourg which allows trading between multiple fita currencies and cryptocurrencies. The company was founded as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. Despite only offering the possibility to exchange Litecoin (LTC) with Bitcoin (BTC), users can also purchase and sell Litecoin (LTC) using fiat currencies.
Conclusion
Overall, choosing which cryptocurrency exchange to use will depend on your own conclusions. Decisive terms to take into consideration will always be related to fees per trade, or how easy it is to use. Another important aspect ot consider is the fact that perhaps the exchange named within this list is not providing services to specific countries due to internal regulations. The important thing is to always be informed of the requirements of each cryptocurrency exchange, read the user policy and be aware of the fees and security features it offers when deciding where to buy or sell Litecoin (LTC). Take into consideration the fact that exchanging Litecoin (LTC) with Ether (ETH) or other cryptocurrencies can make things easier instead of purchasing with fiat currency.
Always keep in mind that the security and authentification system is key to protect your digital assets from potential harm. Be aware that not all cryptocurrencies are the same, some of them offer a trading platform, which is basically a marketplace where users can buy or sell orders for cryptocurrency within the platform itself; while other exchanges will offer a P2P platform where buyers connect with sellers and interact directly, relying on both parties to agree to any given transactions. The decision will be based on balancing out what you want out of the features each exchange offers, but always try to be knowledgeable before making a decision. You can always sign-up for multiple exchanges and try them all out before sticking to a single one.
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