One of the many advantages of Litecoin is its greater coin limit. The supply limit for Bitcoin is 21 million and for Litecoin is 84 million. This implies that Litecoin will be able to serve more customers than Litecoin. This is the very reason due to which many experts see a bright future for Litecoin. LTC has been improving its transaction efficiency and speed since its launch. The introduction of Segwit or Segregated Witness is an indication of this yearn. This feature was later applied to Bitcoin to address its scalability issue. Litecoin produces four times as many blocks as Bitcoin.
One important similarity between Bitcoin and Litecoin is that they are both proof of work ecosystems. That means the underlying process by which both cryptocurrencies are mined—that is, generated, authenticated, and then added to a public ledger, or blockchain—is fundamentally similar . As of March 2021, Bitcoin’s market cap is $1 trillion, while Litecoin’s is $13.7 billion. Since the founding of Bitcoin in 2009, however, hundreds of other cryptocurrencies have entered the market. Gunthy is the token issued by Gunthy LTD, which is to be used for the licensing of existing and future Gunthy LTD products. WAVES is a cryptocurrency that is designed to cater to developers.
The security of such zero-confirmation transactions is the subject of some debate. Yet even assuming this is true, the problem may be solved through simple software changes introduced in the digital wallets through which Bitcoin transactions are made. Litecoin’s greater number of maximum coins might offer a psychological advantage over Bitcoin, due to the lower price for a single unit. Another of the main differences between Bitcoin and Litecoin concerns the total number of coins that each cryptocurrency can produce. The Bitcoin network can never exceed 21 million coins, whereas Litecoin can accommodate up to 84 million coins. One area in which Bitcoin and Litecoin differ significantly is in their market capitalization, thetotal dollar market valueof all the outstanding coins. Wagerr uses distributed blockchain technology to execute betting contracts. It escrows stakes, verifies results, and pays out winners. Bitcoin SV aims to deliver stability and achieve scalability, something that the original BTC blockchain has struggled to achieve.
That’s why you will be able to convert LTC to BTC immediately after entering your email and password into the registration form. To do this, open the exchange page on our web platform or in the app, and select the LTC and BTC wallets in the appropriate fields. Then, enter the amount that you would like to exchange. The exchange will display how much crypto you will get. If you agree, click ‘exchange’ to finish the operation. Since 2013, we’ve been a UK-registered company, and we’ve earned the trust of over 2.5 million people around the globe. We use advanced encryption to ensure the security of user funds and personal data.
Check Litecoin to Bitcoin price on our live chart, compare their circulating supply, market capitalization, and other provided data. For long-term investing, have a closer look at the projects and teams behind both cryptocurrencies and research their aims and utility. When you choose a fixed rate, it stays valid for half an hour, which is more than sufficient to deposit funds and process a swap. SimpleSwap is an instant cryptocurrency exchange that provides you with the possibility to convert BTC to LTC in just a few clicks without sign-up. Before making a BTC/LTC exchange you can always use our price calculator to see the estimated amount of Litecoin you’ll receive. Simply enter the required amount in Bitcoin, and let our BTC to LTC converter find an approximate rate. Given all the hoopla around its prices and market cap, it may seem that Litecoin exists mainly to be bought and sold back and forth, to paraphrase the old traders’ joke about soybeans. In actuality, though, Litecoin— like all cryptocurrencies—is a form of digital money.
Convert Any Other Cryptocurrency From Litecoin
To put it into simple words, it creates one new block every 2.5 minutes, which is one of the significant advantages enjoyed by Litecoin over Bitcoin. Despite being launched as a sub currency, Litecoin has been able to stand consistently among top cryptocurrencies. Select the cryptocurrency, in this case, BTC, that you would like to exchange. Litecoin functions on the Scrypt Algorithm, designed to make hacking, custom-built attacks, and thefts more difficult. Built with the aim of being a bar of silver to the gold of Bitcoin, Litecoin individually has made digital payments more secure and protected. It completely fulfills its purpose of development which was to overcome the shortcomings of Bitcoin.
- I made the mistake of sending coins to the wrong address in the transaction.
- Customer service was outstanding during a delayed transaction.
- All the facilities are available in our app and on the website.
- ZEC is a privacy focused digital asset that giver users the ability to choose between sending public or private transactions.
Its ability to accommodate 84 million coins is highly appreciated and talked about in the crypto arena. Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult. It’s important to understand cryptocurrency conversion because you can’t send Litecoin to a Bitcoin address—even if it’s in the same wallet—and vice versa. Recovery may be possible if you have seed backups for the keys that let you access your account, but it’s difficult. You can convert litecoins to bitcoins, and vice versa—similar to the way you can exchange fiat currencies, like changing dollars into pounds, or yen into euros. Since both are leading, and highly liquid cryptocurrencies, there is generally no problem in swapping one for the other.
Our exchange platform offers more than 250 coins and tokens for you to exchange. You are free to exchange any available cryptocurrencies without setting up an account and going through KYC and AML checks. To convert Litecoin to Bitcoin , it is crucial to use the best exchange aggregator. An aggregator would bring everything under a single roof for the user and will allow them to convert their assets rather easily. Swapzone, for instance, allows its traders to have the best rates by maintaining transparency. The users are well-informed about different fees and charges so that they spend what is necessary, and do not waste their money on unnecessary charges.
How To Compare Ltc To Btc?
Although it has proven increasingly difficult for digital coins to stand out given the crowded field, Litecoin is one non-Bitcoin crypto that has managed to stand up to the competition. LTC currently trails behind Bitcoin as the 6th-largest digital currency by market cap. If you are a newbie, consider reading our detailed guide on buying Bitcoin and other cryptocurrencies. It offers a full explanation of how exchanges work, common payment methods, and top tips for storing digital currencies securely. Download the Binance crypto trading app and trade your LTC plus 150+ cryptocurrencies, anytime and anywhere.
You are free to make as many swaps and exchange as much crypto as you wish. When the deposit is done, your exchange will be processed automatically. Select the coin you wish to exchange and provide the amount. Im a relative newbie to the crypto game, and I made a dumb mistake. Luckily someone in the support team was able to help me and helped me out of my situation I would definitely reckoned this convert bitcoin to litecoin team and site to anyone. Customer service was outstanding during a delayed transaction. My mind was put at ease during a stressful period when I worried about losing my transfer. The main advantage of Litecoin over Bitcoin lies in the purpose of creating Litecoin. It was to develop a greater version of Bitcoin or a testing unit to overcome all the shortcomings faced by the Bitcoin blockchain.
You can buy crypto in the app, as well as on the website. There are roughly 64 million LTC coins in the circulating supply. As LTC is a fan-favorite among traders, its global daily volume often exceeds $4 billion dollars. A little more than four years later, in December of 2017, Litecoin made its all-time high when it traded at $375 per coin. There are multiple LTC trading pairs on Beaxy that you can use to buy or sell LTC into and out of other digital assets like BTC. If you want to buy or trade LTC while on the go, you can download the Beaxy mobile app and gain market-wide access at all times. With the Beaxy app, you will also get automated trading signals from professionals for free. Swapzone provides the easiest and one of the fastest interfaces to swap BTC to LTC. You can exchange Bitcoin to Litecoin in a number of easy and simple steps. As Swapzone is a crypto exchange aggregator, it relieves you of the worry of visiting various exchanges to get the best rates.
More Info About Btc Or Ltc
Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. Digital money or digital currency is any type of payment that exists purely in electronic form and is accounted for and transferred using computers. Whether Litecoin could ever overtake Bitcoin as the number one cryptocurrency is a matter of speculation. Bitcoin remains the original digital money, and to many, its name is synonymous with cryptocurrency in general— practically a generic term, like Kleenex is to facial tissue.
The easiest and possibly safest way to buy bitcoin is through the popular Coinbase exchange. Then enter the amount of LTC’s you want to buy and it automatically shows how many BTC’s it would cost. Make sure there are convenient ways to deposit and withdraw money. Look for exchanges that have earned a positive reputation in the market.
Thus, picking your crypto trading pair is the first step to trading. Using StormGain to exchange crypto is a great choice, because we offer users clear and low interest fees and total safety. So, if you have decided to buy some BTC for your LTC, there is an easy way to do it. Open the exchange page on our website or in the app. Here, you will have to select the wallets and enter the amount of LTC that you would like to spend. After this, the converter will display how much BTC you will get according to the current rate. StormGain doesn’t make its users go through multiple verification checks. After registration, you will get instant access to the crypto market and will be able to use all of the various facilities of our platform. Use StormGain 24/7 with your laptop or a smartphone, with no commission for maintaining the account or using the platform.
Makers are those who place orders that stay in the order book. Takers are those whose orders are matched to those in the order book. For LTC-BTC or any other transactions, the fee will also depend on your prior trading volume. The more you’ve traded, the lower the fee you’ll pay. Try CEX.IO to convert Litecoin to BTC easily and quickly.
Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies. Trade cryptocurrencies like Ethereum on Beaxy and help us bridge the gap between legacy finance and digital assets, while furthering your financial freedom. Beaxy allows you to trade litecoin with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Reduce your risk by storing LTC in our custodied wallets. The price of the asset, amount, and time stamp will be displayed. A red transaction indicates that an ask order was completed, while a green transaction indicates that a bid order was completed. The Recent Trades section is displayed beneath the order book on the right side of the Trading Page. It lists all recently completed trades on the current trading pair in chronological order.