Litecoin trading

Trade Litecoin on PrimeXBT and experience award-winning trading tools and products. Go long or short in order to profit on both rising and falling prices

Trade Litecoin

Litecoin is an important part of the cryptocurrency market place as it’s intention is to function like a pure digital cash. This coin is often called the silver to Bitcoin’s gold and is known to be fast and cheap to use for transactions.

Despite being more like a currency than other crypto-assets, Litecoin still plays an important role for cryptocurrency traders. Those trading on PrimeXBT can utilize a number of advanced trading tools and strategies to make successful trades with Litecoin.

PrimeXBT is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade Litecoin in the cryptocurrency market. PrimeXBT features a third-party service called CEX.io that allows the exchange of other crypto-assets, fiat currencies, and more for Bitcoin.

In addition, users can purchase Bitcoin with a credit or debit card to fund their trading accounts and get started trading Litecoin immediately. Alternatively, users may deposit their own Bitcoin to the PrimeXBT wallet BTC address.

Why Trade Litecoin with PrimeXBT

  • Simple for tradersStart trading with a small deposit of only 0.001 BTC and benefit from an efficient and user-friendly interface with best-in-class trading tools.
  • Low trading feesSave almost all of your profits and avoid high commission and hidden fees that usually come with trading. Benefit from PrimeXBT’s low commission rates and tight spreads.
  • Secure tradingProtect not only your assets and funds, but your privacy with PrimeXBT’s bank-grade security features, such as two-factor authentication, address whitelisting, and more. PrimeXBT values privacy and never puts personal data at risk.
  • Best-in-class trading platformTrade with all the information and technical analysis you need with PrimeXBT’s built-in charting software. Use advanced tools to trade not only Litecoin, but also forex, commodities, and stock indices for unrivalled portfolio diversification.
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How does Litecoin margin trading work?

Margin trading means that a trader has decided that they want to make a trade that is bigger than the capital they have, and look to the platform to borrow these funds in order to make a bigger Litecoin position

Margin trading means you do not have to deposit the full amount of the position you want open and rather you borrow these funds to leverage the position. If the trade is successful, the profits are also magnified, but if your trade on the Litecoin goes the wrong way, your losses can also be greater.

The benefits of Litecoin trading with leverage

  • Magnified profitsMargin trading Litecoin means there is a potential to increase your profits depending on how much leverage is taken. Trading in this manner has high potential for far larger returns on successful trades, but also can be risky.
  • Gearing opportunitiesMargin trading means there is more available traders' capital left on the account which can be used to open new positions. Freeing up capital to open new positions like this is known as gearing.
  • Gaining from the market fallMargin trading also opens up the door for traders to profit from a market that is moving in either direction as the trader can profit from both growing and falling Litecoin market.

Litecoin leverage trading example

For example, If a trader takes a short position of 100 LTC on 10x leverage, and the price of Litecoin falls 3% the trader will earn a profit of 30 LTC. A similar spot trade without leverage would result in only 3 LTC earned.

Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.

Normal trade
Leveraged trade with PrimeXBT

How to start trading Litecoin

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No KYC required. Start trading in 40 seconds!

Why trading Litecoin makes sense

Litecoin is among the oldest and most trusted cryptocurrencies, earning it a top spot in the top ten cryptocurrencies by market cap for a number of years running. Like Bitcoin, Litecoin is a cryptocurrency with enormous long-term projected growth.

PrimeXBT offers ultra-fast order execution and tight spreads on all assets. Trading Litecoin on PrimeXBT enables traders to take advantage of all the trading tools needed to execute successful Litecoin trades.

Traders can rest assured their personal data and funds are safe at all times, due to PrimeXBT’s unwavering commitment to privacy and security. The platform features additional security features such as address whitelisting, two-factor authentication and much more.

With a highly customizable user interface, helpful widgets, how-to video guides and tutorials, a 24/7 support staff, and all the tools a trader could need, PrimeXBT is a one-stop-shop for new and experienced traders alike.

What is Litecoin?

Litecoin is a crypto altcoin that was designed to address many of the issues Litecoin’s creator Charlie Lee saw in Bitcoin’s code. Litecoin itself is a fork of the original Bitcoin core client, that was modified by Google engineer Charlie “Satoshi Lite” Lee.

Lee has since formed the Litecoin foundation aimed at pushing adoption of the digital currency. Litecoin is primarily a payment currency, and has been called the silver to Bitcoin’s gold.

Like Bitcoin and Ethereum, Litecoin is built on blockchain technology. Litecoin is both the name of the protocol and the underlying asset, traded using the LTC ticker.

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