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.
Choosing a cryptocurrency exchange for trading
Cryptocurrencies are traded on crypto exchanges similar to stock exchanges. The ratings claim that today there are officially 227 sites, although in fact their number is much larger. A future trader needs to choose the right exchange and take into account some criteria:
- the level of reliability of the site;
- interface usability;
- mandatory verification;
- accessible language support;
- withdrawal procedure;
- which cryptocurrency pairs are supported.
Of course, the choice of exchange is individual. If the site is convenient for you and the conditions of use are suitable, then why not use it.
One of the first places in terms of trading volume in the world ranking of Coinmarketcap is occupied by the Binance exchange. Today it is available in Russian, and 200 names are indicated in the list of cryptocurrency pairs. For beginners, this platform is still the best option, since verification on the site is not required for large trading volumes, and registration is extremely simple.
Despite the primacy, Binance has some disadvantages. The account on the exchange cannot be replenished with ordinary money, in order to start trading, you need to replenish your wallet using an exchanger or other accounts.
Important! Make sure that you did not go to a phishing site-a copy of the exchange, which was created for the purpose of fraud. Check the presence of the https\\ protocol and the official domain of the country of registration of the site in the address bar.
