CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.



What is Litecoin?

Litecoin is the world’s second largest cryptocurrency and digital payment system, after Bitcoin. It operates using blockchain technology, which is a public ledger recording all transactions. While Litecoin is completely unregulated, which might give some investors pause, it has also proven to be extremely secure, as no hackers have succeeded in compromising the blockchain technology.

How does one use Litecoin?

Using a hashing algorithm, “miners” can discover Litecoins, and while there is a limited number of Litecoins that will ever be mineable, that limit is 84 million, or four times the number of Bitcoins. The Litecoins already on the market and in circulation can be traded like any other asset, and many forex brokers – including – do enable traders to trade Litecoin CFDs on their platforms.

Links related to Litecoin

- L -