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Why buy Litecoin with OKX?
What is Litecoin?Litecoin is a blockchain-based crypto asset that was launched in 2011 by Charlie Lee. It is one of the top 20 largest cryptocurrencies by market capitalization and is commonly used as a payment method due to its low fees, quick confirmation times and general ease of use.
What is price of Litecoin?
Like most cryptocurrencies, Litecoin doesn't have a fixed price. Instead, the LTC price is constantly changing and can vary considerably over any given time period. For example, one LTC was worth $30 at the start of 2018 and $41 a year later. The price of LTC can fluctuate for a large number of reasons, including changes in supply and demand, trader sentiment and recent news.
View the Litecoin chart on OKEx to check its current price.
How is Litecoin different from Bitcoin?Both Bitcoin and Litecoin were designed to be stores of value and mediums of exchange. However, Litecoin is designed for smaller, faster payments, with its transactions confirming roughly four times faster than Bitcoin. LTC also uses a newer mining algorithm — known as Scrypt — for its proof-of-work consensus mechanism.
What is Litecoin used for?Litecoin is a decentralized store of value and medium of exchange, and, as such, it is commonly used as a payment method. More than 10,000 merchants worldwide currently accept Litecoin, with more being added each day.
Can i buy Litecoin with a credit card?Yes! OKEx allows users to buy LTC with their credit or debit card and various other payment methods supported by its fiat partners. After buying Litecoin on OKEx, your LTC will be transferred straight to your OKEx account wallet, where it can then be traded, withdrawn to an external wallet or invested using OKEx Earn.