Often known as the little brother of Bitcoin, Litecoin is a peer-to-peer cryptocurrency that has gained huge popularity since its introduction in 2011. It works as a global currency, eliminating the need to adjust value if the money is exchanged internationally, and allows people to make payments anywhere across the world without incurring any fees.
Being a decentralised digital currency, Litecoin flows freely on the internet, which means it is more secure than traditional paper currency, and since it is not regulated by any government, its value is decided by the people.
An insight into a few facts about Litecoin
- Litecoin is an open source software project and peer to peer cryptocurrency. The creation and transfer of Litecoins is not controlled by any central authority, rather it is based on an open source cryptographic tool.
- The tremendous growth and increasing prices of Litecoins have made it a preferred option for investment.
It uses scrypt algorithm, initially named as s-crypt, which includes large number of high-speed RAM than raw processing power alone.
- The use of scrypt algorithm makes Litecoins more safe and secure for encryption and transaction.
- The trading volume of Litecoin has increased by a huge volume in recent times and according to many business experts, it can be seen as a better investment option.
Benefits of investing in Litecoin
The total number of Litecoins that can ever be created is 84 million. It means that this digital currency is cheaper, more widespread as well as easy to acquire.
With a blog generation time of 2.5 minutes, the transaction speed has been kicked up a notch for Litecoin; any transaction involving this digital currency is confirmed faster.
Litecoin integrates confidential transactions solution, increasing the privacy of its network and transactions.
Where to buy LTC in Australia?
The Litecoin community is growing every month and if you are planning to buy Litecoin in Australia, KryptoXchange is the right platform for you. Designed with ease-of-use in mind, it allows you to seamlessly convert your money into Litecoin.
An easy 4-step process
All that is required to buy Litecoins with KryptoXchange is complete an easy 4-step process – create your account, create an order, check your email, make the deposit and you are all done, you get your Litecoins transferred to your account.
We are focused on delivering quick and quality services. Once we receive your order to buy Litecoins, we process it within minutes.
Minimum transaction fee
We assure you the lowest transaction fee so you get your Litecoins at the best price.
Click here to buy Litecoin