The Beginner’s Guide to Litecoin Trading. Litecoin has often been described as the silver to bitcoin’s gold. After Bitcoin, Litecoin comes in third as the largest cryptocurrency by the market cap, and Ripple takes second place. Litecoin was founded as an alternative to Bitcoin and was developed to fix some of Bitcoin’s perceived shortcomings. Litecoin is created to be ‘lightweight,’ making it more plentiful and . Jan 18, · Although Paxful can be used to trade bitcoins for cash, gift cards, and bank transferred funds, it can also trade one cryptocurrency for another. It supports Litecoin, Author: Jon Martindale. Litecoin has established itself as the leading competitor to Bitcoin, and now you can trade this exciting digital currency with AvaTrade. When you trade Litecoin as a CFDs with AvaTrade you can trade long or short (buy or sell) instantly, so you can act on your analysis whether you’re optimistic or cynical about the future of digital currencies.
Trade bitcoin to litecoinHow to Trade Bitcoin for Ethereum, LiteCoin and Other Cryptocurrencies | Digital Trends
The problem here is that it is hard to determine the value of cryptocurrency to begin with. Although a lot of investors are holding cryptocurrencies as if they were equities, they are not. Yet they do not particularly act like currencies either, which makes comparisons to currency valuations difficult. However, with any new technology, caution is advised.
It could well be the case that the valuations of Bitcoin or Litecoin are not overvalued, and that the bubble, if there is one, is represented by the various new cryptocurrencies that are being driven by market sentiment. Arguably, this is comparable to the dot-com instance, where stocks like Amazon were not overvalued, but others like Pets. So, it seems that only time will tell whether the market is overheating, but in either case, there are options to trade using CFDs to take both long and short positions.
Consequently, most other cryptocurrencies crashed as well. So there clearly was a bubble in the crypto market. The question that this begs is whether there still is one. The value in most cryptocurrencies is derived from their potential; how they could be used to advance society in the future.
Without institutional acceptance however, the potential value, will remain merely potential, but whether this implies that cryptocurrencies are overvalued is another question. Indices Forex Commodities Cryptocurrencies. For traders. News and features Capital. Professional clients Institutional Economic calendar. Learn to trade. Commodities trading guide Forex trading guide Crypto trading guide Indices trading guide Trading strategies guide Trading psychology guide Glossary Courses.
Why Capital. Our Global Offices Is Capital. Get the app. Log In Trade Now. My account. Go to market page Get the app Start trading. Learn to trade Your guide to trading cryptocurrencies Litecoin. Share Article. Sell Charts currently unavailable. Grab a coffee. Refresh and try again. Storing Litecoin: What is a wallet? The benefits of Litecoin trading with leverage Magnified profits Margin trading is known for its ability to make larger trades compared to deposited amounts.
Margin trading is one of the most effective ways to increase potential returns Diversification Margin trading means there is more available traders' capital left on the account which can be used to open new positions.
Diversification allows to reduce market risk. Gaining from the market fall. Margin trading also allows traders to open long and short positions in order to profit from both growing and falling market. Normal trade. Leveraged trade with PrimeXBT. Start trading. How to start trading Litecoin 1. Create Your account. Create a new account on PrimeXBT in less than a minute.
Only a registered E-mail is needed to begin. Easily deposit funds to your personal trading account. After you have made your first deposit to the trading platform, and funded your trading account, you may start trading indices immediately. Why trading Litecoin makes sense? What is Litecoin? Why do CFDs make sense for trading Litecoin?
They do require you to be on-hand to make the transaction yourself, but you have a much firmer grasp of the price being negotiated and the eventual time and point of sale. Since direct trades have a set price and you deal directly with your fellow trader, the process is slower and arguably more susceptible to fluctuations in value. That can mean you get a better deal, but it might not. Although Paxful can be used to trade bitcoins for cash, gift cards, and bank transferred funds, it can also trade one cryptocurrency for another.
It supports Litecoin, Dash, Ethereum, and more — check the full list to see if the coins you want are supported. All cryptocurrencies are held in escrow so everyone walks away happy from a trade and it can be completed safely. For those a little uncertain about the process, Paxful offers its own support system to help you if you run into any problems. LocalBitcoins is primarily aimed at buying and selling bitcoin, but it does also support Ethereum at the time of writing.
It is even more hands-off than Paxful, so be aware that you will be responsible for the whole process, from providing a valid wallet address and completing your end of the deal in a timely manner.
You may not find any listings at the time of searching, in which case using an alternative platform or waiting will be your best bet. You can then enter a discussion to hash out a deal. What currencies should you trade for? Using an exchange The most automated and hands-off method for trading bitcoin for another cryptocurrency is through an established exchange.
ShapeShift ShapeShift technically operates as an exchange, though it fits more of a middle ground between something like Coinbase and the more direct trade platforms. Direct trades Much like when it comes to selling your bitcoin or other cryptocurrencies, if you would rather take a more direct role in the sale process, direct trades or peer to peer transfers are preferable.
Paxful Although Paxful can be used to trade bitcoins for cash, gift cards, and bank transferred funds, it can also trade one cryptocurrency for another.