Litecoin (LTC) is one of the earliest and most trusted digital assets, launched in 2011 by former Google engineer Charlie Lee. Often described as the “digital silver” to Bitcoin’s “digital gold,” Litecoin was created to offer faster transaction speeds and lower fees while maintaining the core principles of decentralization and blockchain security.LTC operates on its own blockchain and uses a unique hashing algorithm called Scrypt, which allows for quicker block generation and efficient processing of everyday payments. Because of its speed, reliability, and long-standing reputation, many users choose to&nbsp;<a href="https://cryptal.com/en/blog/how-to-buy-Litecoin-detailed-instruction">Buy Litecoin</a> as a practical, utility-focused asset.Over the years, Litecoin Price trends have reflected strong market adoption, especially among users seeking efficient peer-to-peer transfers. Its solid technological foundation, transparent supply schedule, and active development community keep LTC relevant in the evolving digital asset landscape. Whether you're looking to diversify, send fast payments, or explore long-lasting assets, LTC remains one of the most accessible and reliable options available.

<h1>Buying Litecoin</h1>Bitcoin and Ethereum stand out as the foremost cryptocurrencies globally, with Litecoin closely trailing behind, particularly renowned in Georgia.For those seeking to initiate Litecoin purchases but uncertain of where to commence, this blog serves as a guide on seamlessly acquiring Litecoin through Cryptal, regardless of prior experience, while also benefiting from the most competitive fees available in the market. This blog delineates the process into two straightforward steps, elucidating each aspect comprehensively.

Buying Litecoin

<h2>Buying Litecoin Online</h2>Cryptocurrency exchanges are widely recognized as the most accessible and cost-effective platforms for purchasing digital assets. Cryptal, the Georgian crypto exchange, streamlines the process for users, providing clear guidance tailored to their understanding, and facilitating effortless Litecoin acquisition with minimal hassle.It's imperative to note that to engage in crypto transactions, a cryptocurrency wallet is essential. Upon registration on Cryptal, users have the option to create a <a href="https://cryptal.com/ex/wallets">cryptocurrency wallet</a> of their choice, completely free of charge, directly from their account.Each cryptocurrency necessitates its designated wallet; for instance, Bitcoin requires a Bitcoin wallet, and Litecoin necessitates a Litecoin wallet. This parallels the conventional banking system, where Georgian Lari (GEL) corresponds to a GEL account and US Dollar to a Dollar Account.

Buying Litecoin Online

<h3>Step 1: Create an Account on Cryptal</h3>To ensure secure cryptocurrency transactions, it's crucial to undergo a straightforward registration and verification procedure on the platform. If you've completed this process previously on any website, registering an account on Cryptal should pose no challenges.<ul style="list-style-type:disc;"><li><a href="https://cryptal.com/en/blog/How-to-Register">How do I register on Cryptal?</a></li><li><a href="https://cryptal.com/en/blog/Verification">How do I verify my Profile?</a></li></ul>

Step 1: Create an Account on Cryptal

<h3>Step 2: Buying Litecoin with Convert</h3>The "<a href="https://cryptal.com/ex/convert/LTC-TOUSD">Convert</a>" feature facilitates instant cryptocurrency purchases with just a few clicks. Accessible via the banner on Cryptal's homepage, this function enables users to swiftly acquire their desired cryptocurrencies.<figure class="image"><img src="https://landing-back-static.cryptal.com/image_315986ecca.png"></figure>Upon navigating to the "Buy Crypto" section, you'll be directed to the conversion page, where you'll select your desired cryptocurrency and the fiat currency for purchasing.In this instance, opt for Litecoin and TOGEL, serving as an alternative to Georgian Lari.Subsequently, specify the amount of Litecoin you wish to purchase, and the system will promptly calculate the corresponding cost in TOGEL or GEL. Upon confirming your purchase by clicking "buy," the respective cryptocurrency will be swiftly deposited into your crypto wallet.<figure class="image"><img src="https://landing-back-static.cryptal.com/image_22165f880f.png"></figure>&nbsp;What are the Benefits of Convert?<ul style="list-style-type:disc;"><li>Easiness –&nbsp;The process is straightforward, simply Click a few Buttons.&nbsp;</li><li>No need for Experience - Buying crypto requires no prior experience and is exceptionally user-friendly, even for beginners.</li><li>It’s Instant - Instantly acquire cryptocurrency without any waiting period.</li></ul>

Step 2: Buying Litecoin with Convert

<h3>Buying Litecoin with Spot Trade</h3>Should you opt to purchase Litecoin via the Spot exchange, Cryptal offers seamless assistance. Accessible directly from the main page, you'll find the Spot exchange feature to facilitate your Litecoin transactions.<figure class="image"><img src="https://landing-back-static.cryptal.com/image_e889520b54.png"></figure>When purchasing Litecoin directly from a crypto exchange through the Convert feature or on the Spot Exchange, you engage in transactions with fellow individuals like yourself. The exchange serves as a platform that connects crypto buyers and sellers, facilitating agreements on the amount and price of cryptocurrencies to be exchanged. Once both parties reach an agreement, the transaction is successfully executed.For instance: if you place an Order to purchase 5 Litecoins on the Spot exchange at a rate of $220 per unit, your Order becomes visible to potential sellers. When someone willing to sell Litecoin enters the exchange and finds your Order acceptable, they will provide you with their Litecoin in exchange for the agreed-upon rate, bypassing the need for $220. This trading process occurs directly on the Spot exchange platform.It's worth noting that the Spot exchange is tailored for individuals with a certain level of experience in cryptocurrency trading. Additionally, two additional functions are available on the exchange:A. Market Order: This feature automatically secures the best available price on the exchange at the time of purchase.B. Limit Order: With this functionality, you have the flexibility to manually set the maximum and minimum limits for the Litecoin price. These parameters dictate when the purchase should be executed, ensuring precise control over your transactions.What are the Benefits of Spot Trade?<ul style="list-style-type:disc;"><li>Profitable -&nbsp;You have full control over the price at which you purchase Litecoin, allowing you to obtain the cryptocurrency at a rate that suits your preferences. This ensures that you secure Litecoin at the most favorable price tailored specifically to your needs.</li></ul>

Buying Litecoin with Spot Trade

<h2>Buying Litecoin with Cash</h2>To purchase Litecoin using GEL with cash payment, you can utilize a crypto machine, known as a <a href="https://cryptomat.com/en">Cryptomat</a>. Operating similarly to traditional banking ATMs, Cryptomats offer a convenient and familiar interface for users.&nbsp;These devices are readily available in various shopping centers and stores across Georgia and Tbilisi. Notably, purchasing Litecoin via a Cryptomat is completely anonymous, ensuring privacy and security for users.<ol><li>Choose the Desired Cryptocurrency – Litecoin</li><li>Scan the QR of your Crypto Wallet – Litecoin Wallet</li><li>Choose the amount of Cryptocurrency</li><li>Insert Cash</li><li>Click Send Coins</li></ol>Congratulations on successfully purchasing Litecoin! Your newly acquired cryptocurrency will be swiftly deposited into your wallet within minutes. Additionally, the device will furnish you with a receipt, serving as confirmation of the transaction as it is depicted in the video:<figure class="media"><oembed url="https://www.youtube.com/watch?v=qcOYU0Qq4P8&amp;ab_channel=CryptalGeorgia"></oembed></figure>What are the Benefits of Buying Litcoin with Cryptomat?<ul style="list-style-type:disc;"><li>Buying with Cash –&nbsp;You can Buy Cryptocurrencies using solely Cash.&nbsp;</li><li>Anonimity – Using Cryptomat grants you total anonymity.&nbsp;</li></ul>

Buying Litecoin with Cash

<h2>How to Top-up Balance on Cryptal for Buying Litecoin?</h2>To initiate an online purchase of Litecoin through Cryptal, you'll first need to fund your account balance. Cryptal supports various currencies for this purpose, including Georgian Lari (GEL), US Dollar (USD), and Euro (EUR).To Top-up the balance there are two easy ways:<ol style="list-style-type:upper-roman;"><li>Add TBC or BOG Cards to your Cryptal’s Account &nbsp;</li></ol><figure class="image"><img src="https://landing-back-static.cryptal.com/English_landing_Cryptal_Depositing_Money_From_Bank_Card_83083e167b.gif"></figure><ol style="list-style-type:upper-roman;"><li>Top-up Balance using Wire Transfer</li></ol>Upon topping up your account with fiat currency, the funds will be swiftly credited within a matter of seconds. You can then proceed to purchase Litecoin seamlessly without encountering any hurdles.

How to Top-up Balance on Cryptal for Buying Litecoin?

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Here, we will tell you how you can Buy Litecoin easily with low fees with the Help of Cryptal.

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How to Buy Litecoin? – Detailed Instruction

<h1>Introduction: What you should know about Litecoin?</h1>

In the era of digital currencies, Litecoin stands out as a highly favored virtual asset, often referred to as the "silver" among cryptocurrencies. Its appeal lies in its rapid, cost-effective, and user-friendly blockchain technology, positioning Litecoin as a beloved choice among traders in the cryptocurrency realm.Within the pages of this blog, you'll uncover a comprehensive resource covering all things Litecoin. This includes an in-depth understanding of its essence, the underlying blockchain it operates on, and crucially, practical insights into its utilization.

<h2>What is Litecoin?</h2>

Making its debut in the crypto landscape back in 2011, Litecoin marked its initial presence. It emerged as a consequence of a fork from the Bitcoin network, essentially resulting from the divergence of the blockchain. The mastermind behind its inception is Charlie Lee, a former Google engineer, who introduced what is now recognized as the pioneer altcoin or the "silver" among digital currencies.The origins of Litecoin can be traced back to Bitcoin, as its inception was driven by concerns raised within the Bitcoin community. Certain developers believed that Bitcoin, being the cornerstone of cryptocurrencies, was gradually becoming overly centralized. They recognized the significance of preserving financial autonomy for individuals and ensuring that dominant mining entities couldn't easily monopolize the market's majority share.Furthermore, it's important to discern Litecoin, the world's second oldest cryptocurrency, from its predecessor, Bitcoin, primarily based on the swiftness and affordability of transactions it offers. To provide context, the process of generating a new block in Litecoin takes approximately 2.5 minutes on average, making it approximately five times quicker compared to Bitcoin.&nbsp;How Many Litecoins are there?Back in 2011, during the initial circulation of the cryptocurrency, the creators pre-mined 150 coins. As the journey unfolded, a projected total of 84 million Litecoins was anticipated to eventually enter the market.As we step into 2023, the count reveals that fewer than 10.5 million coins are left to enter in circulation out of the entire 84 million.What is Litecoin Halving?Miners assume a pivotal role in ensuring the seamless operation of cryptocurrencies, and this holds especially true for Litecoin. Their responsibility involves validating the legitimacy of a multitude of transactions. This intricate task demands significant investments of both time and resources. In reciprocation for their efforts, miners receive compensation in the form of Litecoin as rewards for their mining endeavors.Following the addition of every 840,000 blocks to the network, signifying the blockchain's progression, the process of reward halving comes into play. This pivotal process holds significance in bolstering the motivation of individuals engaged within the ecosystem. Additionally, it contributes to curbing inflation rates and systematically introducing the necessary quantity of coins into the circulating supply.To illustrate, consider the scenario where the initial reward stood at 50 LTC. Subsequent to the halving event in 2015, this reward was effectively reduced to 25 Litecoin.While pinpointing the precise outcomes of halving events might prove intricate, the underlying objective remains straightforward. As halving unfolds, the dynamics entail an upsurge in cryptocurrency demand coupled with a reduction in its supply.Halving dates of Litecoin:<ul style="list-style-type:disc;"><li>25 August 2015: 50 LTC -&gt; 25 LTC</li><li>5 August 2019: 25 LTC -&gt; 12.5 LTC</li><li>23 August 2023: 12.5 LTC -&gt; 6.25 LTC</li><li>Expected: August 2027: 6.25 LTC -&gt; 3.125 LTC</li></ul>

<h2>On what Blockchain does Litecoin operate?</h2>

Distinct from Bitcoin, Litecoin operates on its distinct blockchain architecture, fortified by a specialized protocol designed for efficient and expedient functionalities. To reiterate, the network's genesis traces back to 2011 when it emerged through a fork or division from the Bitcoin network. Notably, Litecoin's foundation rests upon the Proof-of-Work mechanism.Proof-of-Work, commonly referred to as PoW, operates as a fundamental mechanism utilized to validate the legitimacy of transactions within the realm of cryptocurrencies. But how does this mechanism function? Let's break it down.&nbsp;For instance, when one individual transfers Litecoin to another, the transaction traverses the network. Simultaneously, there exists a group of individuals known as miners. Their role revolves around validating the credibility of these transactions by undertaking intricate computational challenges utilizing their potent computing hardware. Once a miner successfully tackles a specific problem, effectively affirming the transaction's authenticity, a fresh block is generated. This newly formed block then serves as a permanent repository for the transaction's information.Simultaneously, the network's other interconnected computers also partake in assessing the transaction's validity, subsequently confirming its accuracy. This collective effort ultimately culminates in the establishment of a fully authenticated transaction between the two parties. As this unfolds, the integrity and swiftness of the Litecoin network are upheld, thereby bolstering its security and efficiency. Notably, miners garner rewards for their contributions as they successfully navigate and substantiate each transaction, ensuring its confirmation and resolution.Litecoin has its own Advantages:<ul style="list-style-type:disc;"><li>Fast Transactions:&nbsp;One of Litecoin's main advantages is its faster block generation time compared to Bitcoin. Litecoin's block time is approximately 2.5 minutes, while Bitcoin's block time is around 10 minutes. This faster block generation allows Litecoin to process transactions more quickly, resulting in quicker confirmations for users. &nbsp;</li><li>Proof of Work &amp; Safety: Embracing the bedrock principle of Proof-of-Work instills a sense of robust security and unwavering dependability within the realm of the Litecoin network. This approach ensures that transactions undergo thorough scrutiny, thereby solidifying the network's trustworthiness. Upon successful scrutiny and confirmation by network miners, the transaction is eternally etched into a block, serving as a resilient measure to safeguard your digital footprint amidst the expansive domain of cryptocurrencies, even amidst potential hacker intrusions. &nbsp;</li><li>Low Fees:&nbsp;The expeditious pace at which confirmations occur, coupled with the swift formation of blocks, contributes to the prompt reflection of our transferred Litecoin. The extensive presence of miners interlinked within the network bolsters its security significantly. Yet, the cumulative effect of this robust speed and the ample miner participation bestows another notable advantage, aptly termed as "low fees.” For those looking to acquire Litecoin, Cryptal offers a prime avenue for purchasing cryptocurrencies at optimal rates. Moreover, an added perk is the absence of withdrawal fees, set at a resounding 0%. To elaborate, let's consider a scenario: should you acquire Litecoin equivalent to 100 GEL and proceed to transfer it to an alternate address or engage in transactions via an alternative wallet, rest assured that you won't be subject to any commission charges.</li></ul>

<h2>What Litecoin is used for?</h2>

Leveraging the swift attributes inherent to Litecoin and its associated network, LTC finds itself prominently positioned as a cryptocurrency suitable for day-to-day transactions. Notably, a noteworthy statistic stands as testament to this functionality: within the last 24 hours, approximately $230 million worth of Litecoin was exchanged.Within the Georgian market, Litecoin emerges as a highly coveted cryptocurrency. Opting to purchase Litecoin for your everyday transactions through Cryptal presents a lucrative proposition: a remarkable 0% withdrawal fee. This signifies that the Litecoin you acquire for your transactions will be transferred in its entirety, entirely exempt from any commission charges.Furthermore, Litecoin's significance extends to its vibrant role in exchange trading. Its appeal stems not only from its rapid transaction capabilities, but also from its strong security measures and advanced technological underpinnings. These attributes position Litecoin as a highly sought-after crypto asset for trading endeavors. From a market capitalization perspective, Litecoin claims the 15th position within the realm of the 100 most sizable cryptocurrencies. Impressively, the cumulative worth of approximately $5 billion in circulating assets firmly establishes Litecoin's foothold within the market.Moreover, Litecoin holds significant investment potential, a fact recognized and embraced by millions within the cryptocurrency community. Illustrating this potential, consider the instance from a decade ago in September 2013, when Litecoin's value rested at approximately $2.5. Fast forward to the present, September 2023, and the scenario has transformed significantly, with the price of 1 Litecoin commanding a value of $64. This notable progression translates to an impressive surge of around 1390%.

<h2>Summary: Litecoin – Fast and Daily Crypto Asset</h2>

The narrative of altcoins finds its origin in the emergence of Litecoin, marking the inception of a distinct era. Born from a division within the Bitcoin network, Litecoin heralded the inception of altcoins. Anchored to its individualized blockchain network, Litecoin has successfully garnered a multitude of investors and traders. With a commendable trajectory spanning 12 years, the project has undergone dynamic development and now stands as a source of pride and profitability within the crypto community.Summing up the essence of Litecoin succinctly, it stands as a swift, cost-efficient, and secure cryptocurrency, tailored to individuals engaging in routine, minor transactions within the crypto sphere.

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Within the blog, you'll come across an exploration of Litecoin's essence and its applications as one of the most renowned digital currencies in the market.

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Everything about Litecoin

<h1>Introduction to Litecoin Transactions</h1>Litecoin (LTC) is one of the earliest and most reliable cryptos, known for its speed and low transaction fees. In Georgia, it's gaining popularity among both new and seasoned crypto users who want a faster alternative to Bitcoin.&nbsp;Whether you're sending LTC to a friend, moving it between wallets, or making a purchase, tracking your Litecoin transactions is essential to ensure everything goes through safely and accurately—especially when using platforms like Cryptal, Mycoin, or Coinmania.

Introduction to Litecoin Transactions

<h2>Why You Might Want to Check Your LTC Transactions</h2>There are several good reasons to track your LTC (Litecoin) transactions, especially if you're new to using crypto or transferring funds between wallets and platforms. Here’s when checking a transaction becomes essential:<ul><li>Confirmation delays – Litecoin is fast, but network congestion can occasionally slow things down. &nbsp;</li><li>Status verification – Ensure your LTC was sent or received successfully. &nbsp;</li><li>Wallet balance sync issues – Sometimes your wallet app may not update in real time. &nbsp;</li><li>Purchase from exchanges like Cryptal – You may want to confirm the status of a deposit or withdrawal.</li></ul>Tracking your transaction gives you peace of mind and control over your crypto activity.

Why You Might Want to Check Your LTC Transactions

<h2>Tools to Check Your Litecoin Transaction</h2>To check the status of your Litecoin transaction, all you need is your wallet address or transaction ID (TXID). With these details, you can easily track confirmations, block details, and transfer history using trusted blockchain explorers.

Tools to Check Your Litecoin Transaction

<h3>1. Blockchair</h3>Blockchair is a popular and beginner-friendly blockchain explorer that supports Litecoin (LTC). Here’s how to use it to check your transaction:<ol><li>Go to&nbsp;<a href="https://blockchair.com/litecoin">Blockchair</a></li><li>Enter your TXID or Litecoin wallet address in the search bar.</li><li>Click Search to view your transaction details.</li><li>You’ll see info like status, confirmations, sender, receiver, and amount.</li></ol>Blockchair is fast, clean, and ideal for verifying whether your LTC transaction has gone through successfully.<figure class="image"><img src="https://landing-back-static.cryptal.com/LTC_TXID_Check_Blockchair_118944887a.gif"></figure>

1. Blockchair

<h3>2. LitecoinBlockExplorer</h3>LitecoinBlockExplorer.net is a dedicated blockchain explorer built specifically for Litecoin (LTC). It’s a straightforward tool, especially useful when you want a focused, no-frills way to track your LTC transactions.Steps to check your transaction:<ol><li>Visit&nbsp;<a href="https://litecoinblockexplorer.net">LitecoinBlockExplorer</a></li><li>Enter your TXID or LTC wallet address into the search bar.</li><li>Press Enter and you’ll see transaction details, including block number, confirmations, and timestamps.</li></ol>✅ Pros:<ul><li>Tailored only for Litecoin</li><li>Simple interface with zero distractions</li></ul>Use this tool when you want fast, Litecoin-only insights without the extra data noise from other crypto assets.<figure class="image"><img src="https://landing-back-static.cryptal.com/LTC_TXID_Check_Litecoin_Block_Explorer_7f02dbced5.gif"></figure><figure class="image"><img></figure>

2. LitecoinBlockExplorer

<h2>Where to Buy Crypto in Georgia</h2>Buying crypto in Georgia is easy thanks to local and global platforms like Cryptal, Mycoins, Coinmania, and Binance. For those looking for a fast, user-friendly, and secure experience, Cryptal stands out as the top choice. It offers three simple methods to buy crypto, including Litecoin (LTC):<ul><li>🔄&nbsp;<a href="https://cryptal.com/ex/convert/LTC-TOUSD">Convert</a> – Instantly swap fiat-backed stablecoins to crypto. It’s quick and perfect for beginners.</li><li>💳&nbsp;<a href="https://cryptal.com/ex/buy">Directly with Visa/Mastercard Cards</a> – Just like shopping online. Choose crypto, click buy, and the amount is deducted from your card—no top-up required.</li><li>📊&nbsp;<a href="https://cryptal.com/ex/LTC-TOGEL">Spot Trade</a> – Use market or limit orders for better control. Great for experienced traders who want flexibility and live prices.</li></ul>Cryptal combines simplicity, speed, and low fees, making it ideal for anyone ready to step into crypto confidently.

Where to Buy Crypto in Georgia

<h2>Common Issues When Checking Transactions</h2>Here are a few common issues users may face when tracking their Litecoin (LTC) transactions:<ul><li>&nbsp;Delay in confirmations Some transactions take longer to confirm due to network load or low transaction fees.</li><li>&nbsp;Entering the wrong TXID A single incorrect character will return no results—always double-check your input.</li><li>&nbsp;Network congestion During busy periods, even Litecoin can experience slowdowns in transaction visibility and processing.</li></ul>Staying patient and accurate helps avoid confusion.

Common Issues When Checking Transactions

<h2>FAQs</h2><ol><li>How long does a Litecoin transaction take to confirm? Most Litecoin transactions confirm within 2 to 10 minutes, depending on network activity and transaction fees. &nbsp;</li><li>Where can I find my Litecoin transaction ID? Your TXID (Transaction ID) can usually be found in your wallet’s transaction history or confirmation email from platforms like Cryptal, Mycoins, or Coinmania.</li></ol>&nbsp;<ol><li>Is Litecoin safe to use in Georgia?&nbsp; Yes, Litecoin is safe and widely used in Georgia. Platforms like Cryptal offer secure, regulated environments for buying, storing, and transferring LTC. &nbsp;</li><li>Which one is the Best Litecoin Explorer?&nbsp; There are several Litecoin explorers that help users track their LTC transactions. Among them are Blockchair and LitecoinBlockExplorer.</li></ol>

FAQs

<h2>Summary</h2>Checking your Litecoin (LTC) transactions is simple with tools like Blockchair and LitecoinBlockExplorer.net — just have your TXID or wallet address handy. Always save your transaction ID for future reference.&nbsp;For those in Georgia looking to buy and manage LTC, Cryptal offers a secure and beginner-friendly experience. With instant Convert, card purchases, and live trading via Spot Trade, Cryptal makes every step—from buying to tracking—fast, easy, and reliable.

Summary

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Check where your Litecoin Transaction is and how long it will be sent to the dedicated Crypto Wallet.

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How to Check Your Litecoin (LTC) Transaction

Litecoin is a fast, low-fee crypto asset used for payments.&nbsp;

What is LTC?

Buy LTC on Cryptal via Visa/Mastercard, trading, or Convert.&nbsp;

How can I buy LTC?

LTC uses shorter block times and optimized transaction processing.&nbsp;

Why is Litecoin fast?

Yes, it moves with general crypto market trends.&nbsp;

Is LTC volatile?

Yes. LTC can be stored on external wallets.

Can I withdraw LTC?

Frequently Asked Questions about Litecoin (LTC)

Purchasing Litecoin (LTC) on Cryptal is fast, beginner-friendly, and ideal for anyone seeking a proven digital asset with low-fee transactions.

Create your Cryptal account and complete a simple verification process. This ensures secure access to your LTC purchases.

Registration & Verification

Add funds in GEL, USD, or EUR using Visa/Mastercard, wire transfer, or cash. Once topped up, your balance is ready to Buy LTC instantly.

Top Up Your Balance

<ul><li>Direct card purchase for instant access to LTC;</li><li><a href="https://cryptal.com/ex/convert/LTC-TOUSD">Convert</a> for quick one-click exchanges into Litecoin;</li><li>Spot Exchange for real-time trading at the current Litecoin Price.</li></ul>

Buy Litecoin

How to Buy Litecoin on Cryptal

Tether (often called by its short code USDT) is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is the most popular stablecoin, as it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.

Bitcoin (BTC or ₿) is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.&nbsp;

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. It is a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.Litecoin was released via an open-source client on GitHub on October 7, 2011. The Litecoin network went live on October 13, 2011.&nbsp;

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. In 2014, development work commenced and was crowdfunded. The network went live on July 30, 2015. In September 2022, Ethereum's blockchain converted to Proof-of-Stake validation.&nbsp;Additionally, many other cryptocurrencies operate as ERC-20 tokens on top of the Ethereum blockchain and have utilized the platform for initial coin offerings, as do many NFTs and other smart contract projects.

Solana launched in 2017 during the ICO boom. Its first goal was to minimize the time it took to validate transactions, leading to its novel Proof-of-History algorithm.SOL is the native currency on the Solana blockchain and was released to the public in May 2020.&nbsp;

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, and was renamed Aave in September 2018. It was one of the first crypto lending platforms to appear and currently has more than $12 billion in total value locked.

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada.Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.

AXS is the governance token of the Axie Infinity ecosystem, giving holders rights to participate in votes and decide how funds are spent. Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as "axies" (characters based on axolotl), which are digitized as NFTs. New players need to purchase at least three axies to begin playing. The game uses a "pay-to-earn" model (also called "pay-to-play-to-earn" model) where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency.&nbsp;&nbsp;

Bitcoin Cash is a fork of Bitcoin that aims to be a true peer-to-peer electronic cash system. Bitcoin Cash was created in 2017 and features fast payments, low fees, privacy, and high transaction capacity.

BNB is the dedicated token for Binance exchange, issued on its own blockchain. It is an integral part of the BNB ecosystem and its subprojects.

Chiliz is a popular digital currency used for sports and entertainment fan clubs operated on the Socios platform. When fans purchase CHZ, they gain access to fan tokens and can claim a stake in their club.&nbsp;

The Compound mainnet launched in September 2018, and has become extremely popular due to its open and flexible lending platform. It currently has more than $8 billion in total value locked.

Dai (or DAI) is a stablecoin cryptocurrency that aims to keep its value as close to one United States dollar (USD) as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO), who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption.

Dogecoin is a cryptocurrency forked from Litecoin in 2013 and based on the popular Doge internet meme.&nbsp;

The Graph is an indexing protocol that queries blockchain data from networks such as Ethereum and the InterPlanetary File System (IPFS). Open APIs, called subgraphs, can be developed by anyone to make data from Graph-supported networks easily accessible. GRT is an ERC20 token used to allocate resources on these networks.&nbsp;

Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract's stakeholders by “connecting the contract directly to real-world data, events, payments, and other inputs.”LINK is an ERC677 token, an extension of ERC20. According to Chainlink, the trade value derived from these tokens is used to pay node operators for retrieving data from smart contracts, and also for deposits placed by node operators as required by contract creators. Tokens can be stored in any ERC20 wallet, as the ERC677 token retains all the functionality of an ERC20 token.

Decentraland launched its beta in 2019, following its $24 million ICO in 2017, and opened its platform publicly in February 2020. The premise of the platform is to support content creators who are looking for a new artistic medium, opportunity, or simply entertainment.

The Sandbox was launched in 2011 by Pixowl, and was an early pioneer of blockchain-based gaming. Many big-name gaming, entertainment, and sports industry brands have lent their support to the platform, including Atari, Adidas, and Snoop Dogg.

The Shiba Inu token (SHIB) is a decentralized cryptocurrency characterized as a "meme coin" and created by an anonymous person or group known as Ryoshi. It is named after the Shiba Inu (柴犬), a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency based on the Doge meme.&nbsp;Shiba Inu was created in August 2020, dubbing itself the “Dogecoin killer.” On May 13, 2021, Vitalik Buterin donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund.

Uniswap is a popular decentralized trading protocol that facilitates automated trading of DeFi tokens. UNI is an ERC20 token on the Ethereum blockchain that offers control over the Uniswap protocol governance, the UNI token community treasury, the protocol fee switch (0.05% of the fee would be collected by UNI token holders if activated), eth ENS, Uniswap default token list (tokens.uniswap.eth), and SOCKS liquidity tokens.

USD Coin (USDC) launched in September 2018 as a stablecoin pegged to the U.S. dollar at 1:1 basis. Every USD Coin in circulation is backed by $1 held in reserve, of both cash and short-term U.S. Treasury bonds. The Centre consortium created USDC and it is issued by regulated financial institutions.USD Coin’s mantra is “digital money for the digital age” as allows businesses to accept payments in digital assets, with a goal to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

Stellar was released in 2014 by Jed McCaleb and Joyce Kim, and originally based on the Ripple protocol.&nbsp;

Ripple (XRP) was founded in 2012 by Jed McCaleb and Chris Larsen. Compared to other cryptocurrencies, Ripple takes much less energy and time to confirm transactions.

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Block Explorer

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Website

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White Paper

Polygon is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.&nbsp;MATIC is an ERC20 token used to pay for services on the Polygon Network, but also serves as a settlement currency between users who operate within the Polygon ecosystem.

Terra started in 2018, and its mainnet was launched in 2019. The LUNA token is used to stabilize the Terra protocol's stablecoins, and its holder are able to submit and vote on governance proposals.&nbsp;The Terra blockchain officially halted at block 7607789 in May 2022. The original Terra Chain has been rebranded as Terra Classic (LUNC).&nbsp;

Binance USD (BUSD) launched in September 2019 by Binance and Paxos and is a 1:1 USD-backed stablecoin. The New York State Department of Financial Services (NYDFS) approved and regulates BUSD, and its Monthly Audit Report can be viewed on its official website.&nbsp;Paxos has indicated that 96% of the assets backing BUSD are held in cash and cash equivalents, while 4% are invested in U.S. Treasury bills, as of June 30, 2022.

Fasttoken (FTN) serves as the primary crypto asset of the Bahamut blockchain, a public, EVM-compatible layer-1 network built on a distinctive Proof of Stake and Activity (PoSA) consensus model. Within the Bahamut ecosystem, FTN is essential for powering native and liquid staking, facilitating block validation, and supporting cross-chain interactions. It is also a key asset in the broader Fastex ecosystem, with applications spanning multiple industries, including iGaming and decentralized finance (DeFi) platforms.