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

  • Easy to startStart trading in minutes with quick and easy registration procedure, and low minimum deposit
  • Low trading feesSave on fees! Benefit from PrimeXBT’s low commission rates and tight spreads while trading all available assets
  • Secure tradingEnjoy PrimeXBT’s security features that will ensure your personal data and funds are always safe.
  • Best-in-class trading platformPrimeXBT’s award-winning software offers traders a variety of professional trading tools. Access cryptocurrencies, stock indices, commodities, and forex from a single account!
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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 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
  • DiversificationMargin 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.

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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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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