Best Bitcoin Brokers For Litecoin Trading
Here you find the best bitcoin trading platforms which support Litecoin (LTC) – at a glance. Trade Litecoin now with Bitcoin or fiat money:
- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- USDT
- no minimum
- $80 Bonus
10% Fee Discount Pro:
- No KYC
- Free demo account
- Unknown CEO
- Not for US traders
- Bitcoin, Altcoin Derivatives
- Margin Trading
- Bitcoin Futures
- Crypto Spot Market Exchanges
- BTC
- Altcoins
- Fiat Money
- no minimum
Certain withdrawal fees Pro:
- Highly trusted
- Low fees
- 80+ altcoins
- Hacked in 2019
- Complicated instruments
- Bitcoin, Altcoin
- Derivatives (not in USA)
- Margin Trading (not in USA!)
- Crypto Spot Market Exchange
- Bitcoin, ETH, BCH, LTC, XLM
- Fiat Money
- 50 USD minimum
$5 withdrawal fee (0 in USA) Pro:
- Real crypto purchase
- Relatively low fees
- World-class support
- Anonymity not possible
- Minimum deposit $50 to $1000
- 1% Crypto Trading Fee
- Cryptocurrency Spot Market Exchange
- Crypto CFD Trading
- BTC
- Altcoins
- no minimum
- Many altcoins
- Altcoin margin trading
- High liquidity
- No advanced orders
- US traders excluded
- Website often slow
- Bitcoin, Altcoin Derivatives
- Margin Trading
- Sport Market
- BTC, ETH, LTC, XLM, EUR, USD
- High liquidity
- Low trade fees
- 163+ tradeable altcoins
- Many features need upgrading
- Little to no transparency
- Bitcoin, Altcoin
- Margin Trading
- Bitcoin Futures (not in USA)
- Spot Market
- BTC, Altcoins
- Fiat Money
- 1 EUR | 20 USD | 20 CAD | 150 GBP | 15,000 JPY
Certain transfer fees Pro:
- High liquidity
- Margin trading
- Most secure broker
- Deposits can be expensive
- Bitcoin, Altcoin
- Crypto Spot Market Exchanges
- BTC, Altcoins
- Fiat Money
- No fees for crypto transfers
- Supports ~20 cryptocurrencies
- Range of payment options
- Comparably high fees
- No crypto wallet
- No crypto-to-crypto exchange
- Bitcoin, Altcoin Derivatives
- Margin Trading
- Crypto Spot Market Exchanges
- BTC, Altcoins
- Fiat Money
- $20 minimum
Spot: Maker 0.1% | Taker 0.2%
Certain transfer fees Pro:
- Highly trusted
- Amazing trading interface
- Advanced order types
- Hacked in 2016
- Demanding verification
- Bitcoin, Altcoin Derivatives
- Margin Trading
- Crypto Spot Market Exchanges
- BTC
- Altcoins
- no minimum
Certain withdrawal fees Pro:
- Altcoin margin trading
- Unique BTMX rewards system
- Only 10x leverage
- Not for US traders
- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- Altcoins
- Fiat Money
- 10 USD minimum
- 1 USD micro accounts
- Many payment methods
- Experienced broker
- Also Traditional CFDs
- Support not 24/7
- High fees
- Only basic order types
- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- Fiat Money
- no minimum
- Anonymous accounts
- More than 50 altcoins
- Relatively low fees
- Demanding verification
- Lack of a mobile app
- Slow withdrawals
- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- No minimum
- Good Liquidity
- Many smaller coins tradable
- Bad support
- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- no minimum
- Fast verification
- Good support
- High trading fees
- Liquidity sometimes low
Current Coupons:
Trade Litecoin (LTC) with Bitcoin or Fiat Currencies
In the table above you find all recommended and established international Bitcoin brokers which support the BTC/LTC trading pair or even LTC-fiat currency pairs. Check out the listed sites in our broker reviews.
Before You Start Litecoin Trading – Learn More About It:
Litecoin is a peer to peer cryptocurrency introduced at the end of 2011 by the developer Charlie Lee on Github as an open source fork of the Bitcoin blockchain with some adjusted technical features. The Litecoin blockchain has it’s own coins called Litecoins (LTC) and its subunits called Litoshis. One Litoshi is 0.00000001 LTC.
Litecoin Supply
The main difference compared to Bitcoin is that the block generation time for Litecoin is lower leading to faster transaction confirmation on the blockchain.
Additional the maximum supply of LTC is four times more compared to BTC. There is a total supply of 84 mln Litecoin, from which at the moment there are 53 mln coins already mined and circulating.
Litecoin Mining
Litecoins are mined through Proof-of-Work. The system is using a different hashing algorithm compared to Bitcoin when verifying transactions on the blockchain. The mining of Litecoin is based on the Scrypt algorithm which requires more memory in the mining hardware compared to other cryptocurrency algorithms, like in the case of the SHA256 for Bitcoin. However, LTC mining doesn't require such expensive specialized hardware as Bitcoin and is generally still possible on home computers with powerful GPU. But it's already way more profitable for big mining farms, as the difficulty to mine LTC is also increasing.
Network Speed
The transaction capacity is bigger for Litecoin compared to Bitcoin. This means that the network can process a block in every 2.5 minute compared to Bitcoin’s 10 minutes which enables quicker confirmation of the transactions. At the same time this reduces the risk of a double spending incident due to decreasing the number of unconfirmed transactions on the blockchain.
Scalability of Litecoin
Litecoin supports Lightning network since summer 2017. Lightning network is like an extra layer above blockchains such as Bitcoin and Litecoin to enable scalability for more and faster transactions at low cost.
At the moment it is not possible to mix Litecoins, which is a popular service among Bitcoin users to provide higher level of anonymity.
Litecoin has an active developer team of about 13 people.
Litecoin Price Movement
After the initial release the Litecoin price has been hoovering around 2-3 dollars for years. The first huge spike occured in the end of 2013, when the price climbed up to 37 dollars within couple of days. After that litecoin started to scroll off from the peak and by the end of 2014 it worth again only 3 dollars. The bottom of the decrease in value occured in January 2015, when one litecoin only worth 1.5 dollars. The price stagnated within the 3-5 dollars range up until 2017 when the SegWit activation skyrocketed the price. Since the end of March 2017 the litecoin price surged to more than 50 dollars by the end of June.
SegWit was originally a protocol proposed for the bitcoin network, in order to solve the scaling problem of the block size. This is basically an upgrade in the software that will enable to increase the capacity of the blockchain network to process more transaction in shorter time. SegWit went live on the litecoin network on May 10th in 2017, which also was visible in terms of the price which double just days before the activation. Ever since then the protocol is working as expected enabling cheaper and quicker transactions compared to other blockchains.
The future of litecoin looks promising. The Litecoin Foundation released a road map in May 2017 about the future development milestones. The next big thing for litecoin will probably be the Lightning Network which is already under test phase. This new feature would let off-blockchain verification of blocks which could potentially disarrange the whole cryptocurrency world and can have a huge impact on the price as well.
Bitcoin Broker Platforms Offering Litecoin Trading
Cryptopia
Cryptopia charges 0.2% trading fee for orders on litecoin.
Visit Cryptopia Website Read Cryptopia Review
Avatrade
Avatrade sources the litecoin prices from BTC-e, the CFDs follow the prices of the cryptocurrency, but you do not own litecoins directly. Avatrade charges the clients 0.30 USD over the market price.
Visit Avatrade Website Read Avatrade Review
Etoro
Etoro does not charge fees for placing orders or maintaining the account. But they have a 10 USD inactivity fee and charge users for withdrawals..
Visit Etoro Website Read Etoro Review
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
FXOpen
At FXOpen the litecoin trading commission is 0.25% half-turn. FX Open also charges 10 USD maintenance fee on inactive accounts.
Visit FXopen Website Read FXopen Review
Bittrex
Bittrex charges a fixed 0.25% trading fee on each litecoin order. Withdrawals are free of charges, you only have to pay the transaction fee to the network.
Visit Bittrex Website Read Bittrex Review
Kraken
Kraken has a flat 0.02 LTC as fee for withdrawing funds from the account. Trading fees ranges between 0.00% and 0.26% and set according to the maker-taker schedule based on volumes traded on the platform. Simple order costs 0.26%, advanced order types you can only pay 0.16% as market maker.
Visit Kraken Website Read Kraken.com Review
GDAX
GDAX applies a maker-taker fee schedule for litecoin trading. Maker fees are 0%, taker fees are between 0.1% and 0.3% based on the last 30 days of trading volume on the platform.
Visit Gdax Website Read GDAX.com Review
Poloniex
Poloniex employs a volume based maker-taker fee schedule. Fees ranges between 0.00% and 0.25% depending on the last 30 days of trading volume on the account.
Visit Poloniex Website Read Poloniex Review
More about Litecoin:
Official Litecoin Website
Discussions about Litecoin on Reddit
Comparing Bitcoin and Litecoin technically
