Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
How to trade bitcoins?
There are several ways to buy or sell bitcoins:
- Directly from other users of the system. There are special forums and message boards where users negotiate deals. To minimize risks, you can ask someone to act as a guarantor of the transaction or use a payment system with payment confirmation. Such transactions are completely anonymous, you do not need to register anywhere else or pay any commissions.
- Exchange bitcoins for popular currencies in virtual exchangers.
- Open an account on one of the cryptocurrency exchanges and start trading bitcoins. There are exchanges for trading only cryptocurrencies, and exchanges where you can make transactions with world currencies. You can sell and buy bitcoins 7 days a week, 24 hours a day.
- Open an account on the broker's website and start trading bitcoins on the Forex market.
