Litecoin

Litecoin is a cryptocurrency created in 2011 that was initially inspired by Bitcoin. Litecoin (LTC) is a peer-to-peer decentralized digital currency that enables instant, low-cost payments to anywhere in the world. There are no fees charged to make payments, and there no chargebacks when using Litecoin. The transaction fees are considerably less than what is currently charged by centralized financial services when making cross-border banking transactions, ATM withdrawals, and using digital payment processors. Litecoin can be used to purchase goods and services. LTC also provides a safe and secure way for merchants to make transactions. Litecoin has been proven to work well in retail environments, making it possible to accept cryptocurrency as a method of payment to purchase a wide variety of consumer products.

Litecoin was launched in 2011 by Charlie Lee, initially inspired by Bitcoin.

Buying Litecoin (LTC) in Canada can be done through a cryptocurrency exchange such as NDAX, a peer-to-peer trade, or at some Bitcoin ATMs. However, utilizing platforms such as NDAX will allow for affordable, safe, and fast transactions.

Selling Litecoin (LTC) in Canada can be done through a cryptocurrency exchange, a peer-to-peer trade, or at some Bitcoin ATMs. However, utilizing platforms such as NDAX will allow for affordable, safe, and fast transactions.

Trading Litecoin (LTC/CAD) is made affordable, safe, and fast through cryptocurrency exchanges such as NDAX. NDAX’s trading fee is 0.2%.

Converting Litecoin (LTC/CAD) to cash can be done through a cryptocurrency exchange such as NDAX. First, you will have to trade your LTC to CAD. Once your LTC is converted to CAD you can send a CAD withdrawal to your bank. Click here for step by step instructions.

It is highly recommended that you always store Litecoin (LTC/CAD) in a cryptocurrency hardware wallet. Check out Ledger or Trezor for your hardware wallet needs.

Yes, Litecoin has a supply limit of 84 million coins.

Yes, Litecoin uses a memory and energy-intensive proof-of-work (PoW) algorithm called Scrypt to mine new coins.

Litecoin’s transaction times were designed to be about ¼ of Bitcoin’s confirmation time, about 10 minutes, so the transaction time for Litecoin lies around 2.5 minutes with about 576 blocks generated per day.

Yes, Litecoin gets halved every 840,000 blocks. This happens about every 4 years.

Yes, all transactions are recorded on the blockchain.