Buy, Sell, & Trade LTC
Exchange LTC with USD and Cryptocurrency
Cryptocurrencies continue to gain momentum around the world, and at the start of 2021, there are more than 4,000 cryptocurrencies in existence. To protect your privacy (and your money), it’s important to use an exchange that puts users first. That’s why we created Rubix, which requires a multi-factor authentication process to ensure confidentiality. Easily trade your existing cryptocurrency into other coins or sell them for fiat currency, such as USD. Our sleek interface can be accessed via smartphone or web browser and includes market trends, real-time conversion rates and transparent transaction fees.
What is Litecoin (LTC)?
Litecoin is a peer-to-peer cryptocurrency that runs on the Scrypt algorithm, established in 2011. Like Bitcoin, Litecoin is mined through a proof-of-work consensus mechanism. The creator of Litecoin, former Google software engineer Charlie Lee was inspired by Bitcoin, and the two cryptocurrencies are quite similar. However, transaction fees for Litecoin are much lower. The supply limit for Litecoin is 84 million, four times the 21 million coin cap for Bitcoin.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created LTC?
Litecoin (LTC) is a digital currency whose origin can be traced back to 2011. The cryptocurrency is the brainchild of Charlie Lee, a former Google engineer. Litecoin is a decentralized digital coin based on an open-source payment network. However, it uses Scrypt as Proof-of-Work besides boasting a quicker block generation rate than Bitcoin and other major cryptocurrencies.
How do I exchange and Trade LTC?
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange LTC using Rubix
Acquiring LTC is easy using the tools built into the Rubix wallet. Instead of going to an LTC exchange and transferring, you can trade for LTC directly from your Rubix wallet. Rubix supports no only LTC trading, but also most major cryptocurrencies which you can easily exchange. You can even trade LTC for fiat currencies, like the dollar and euro. Rubix is a simple way to manage your cryptocurrency assets. Pay for products, send funds, and make bets with friends — all while knowing your funds are safe. Keep your LTC secure with Rubix.