Litecoin LTC

On 2024-11-20 the current Litecoin price/exchange rate is 80.12 EUR.

Litecoin (symbol - LTC) is a decentralized cryptocurrency based on the Bitcoin protocol. 

It’s a peer-to-peer network designed for fast and secure overseas transactions with low costs.

Although it shares the same ideas as Bitcoin, Litecoin serves more as a means of buying and transactions. 

Also, Litecoin uses a different algorithm (called "scrypt"). Litecoin network has its own cryptocurrency LTC.

Litecoin blockchain uses the Proof-of-Work concept, which means LTC coins can be mined. 

Any user who supports the network with an electronic device and validates the transactions can be rewarded with LTC coins.

At the moment of writing this text, there are around 73 million LTC coins in circulation. 

The maximum amount of Litecoin tokens that can exist is limited to 84 million. It is estimated that the last Litecoin will be mined in 2140.

The main benefits of Litecoin are:

Also, Litecoin recently launched the MimbleWimble test network. 

The goal of this protocol is to test the confidentiality of transactions on the Litecoin network. 

Once this protocol is fully available, Litecoin users will be able to transfer funds in a completely private and secure way.

Litecoin is mined in a similar way as Bitcoin since it also uses a Proof-of-Work (PoW) mechanism. 

Litecoin mining uses the Scrypt algorithm, as opposed to the SHA-256 algorithm that Bitcoin uses. 

The first miner to generate a hash (and validate) a new transaction, and add a new block will receive a reward in the form of Litecoin. 

After the last Halving of Litecoin, each miner who successfully confirms a new block will receive 6.25 LTCs.

The mining process is very competitive and requires expensive equipment.

Charlie Lee founded Litecoin in 2011, two years after Bitcoin appeared. 

According to founder Charlie Lee, Litecoin was supposed to be a "lighter" (Lite) version of Bitcoin.

On the Bitcoin Store platform, you can easily buy Litecoin and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Litecoin in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store LTC on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: