How to buy LTC in Africa Bitcoin The   name Litecoin clearly reminds me of the most famous cryptocurrency Bitcoin. Strictly speaking, Litecoin is also a derivative of Bitcoin. In October 2011, Charlie Lee released the currency for the first time on GitHub. As a result, Litecoin can be bought in Africa. Here you can see the guide and where to get the currency.

Why is Litecoin half of Bitcoin? – description

German Litecoin purchases are becoming more and more popular, but what is really behind cryptocurrency? What is Litecoin? The name is reminiscent of Bitcoin. This is not surprising. After all, much of the Litecoin source code is from Bitcoin. Of course, the Litecoin source code was changed, but the Foundation provided Bitcoin. What is the difference between Litecoin Coding? Block time reduced from 10 to 2.5 minutes In addition, the mining algorithm was changed from SHA-256 to Scrypt.

Meanwhile, Litecoin has shown strong development in share prices. It is not yet comparable to bitcoin, but you can see it. The price increased by 15 times from Litecoin in 2017. So if you buy LTC in Africa you can pay investors. It will be much more compared to bitcoin in the currency unit Litecoin. The maximum limit is 80 million, four times the amount of Bitcoin (up to 21 million).

The main features of Litecoin:

  • Decentralized construction
  • Easy to use
  • Doctor anonymous
  • Very fast (peer to peer)

Conclusion:  Litecoin is similar to and based on the basic structure of Bitcoin. But there is quite a large amount of Litecoin. The performance over the past year has been impressive. It was up to 15 times. Therefore, buying Litecoin in Africa can be interesting for investors.

Buy LTC in Africa

Litecoin purchase Africa is available in different ways. Uncomplicated Litecoin can also be bought in Austria, and those who prefer short-term investments can bet on positions with CFD brokers. On the other hand, if an investor owns a cryptocurrency and wants to store it in their wallet, it is better to buy it directly from the stock exchange or the market. Both options have advantages and disadvantages. This is not only reflected in fees, but also in profit opportunities and currency holdings. CFD brokers do not actually own and save Litecoin, but participate in price development. How can I buy Litecoin in Africa? We show this with two practical examples.

Market place and stock exchange

There are numerous markets and exchanges where you can buy and sell cryptocurrencies. The most famous are octopus and anycoin.

How to buy Litecoin in Africa on such stock exchanges?

  • Register / register on your platform
  • Set order and desired investment amount
  • Automatically search through the stock market for the right trader.
  • Automatic processing of transactions after successful recovery.

Due to automation, trading can be handled very conveniently in the stock market. The trader has nothing to do with stopping the desired order with the investment amount. Everything else happens automatically. The stock market can of course pay for this uncomplicated trade. The amount depends on the volume of the transaction. Compared to the market, according to the experience, the cost of the stock exchange is slightly higher. Why is that? Even in the market, investors place orders but only find matching partners. This process is similar to the internet platform eBay. Market costs are slightly lower due to the initiative of the trader.

What is the currency unit?

In Africa, a person who decides to buy an LTC on the stock exchange or on the market directly acquires cryptocurrency. This means you can immediately resell or store. Many investors prefer offline storage in their wallets first. Litecoin is still not accepted as a means of payment for merchants, so currency units are only suitable for investment or history. You cannot pay with this cryptocurrency.

Conclusion:  LTC purchases in Africa can be made through direct purchases on the stock exchange or in the market. Investors buy, sell or store the appropriate number of currencies in their wallets. Litecoin is not recognized as a means of payment.

 

Buy Litecoin in Africa from CFD Broker

In fact, those who are not interested in owning a cryptocurrency can trade shares. More and more CFD brokers offer Litecoin as an underlying asset. Here investors can participate in currency development. They can bet on the falling or rising prices. What does such an LTC purchase in Africa look like with a CFD broker? Real examples give more information about this.

Investors must register and register with the CFD broker before making a purchase. To make a deal, you must have capital. Deposits can be made through a variety of trusted payment providers. This includes credit cards (VISA, Mastercard), Skrill, NETELLER, Paysafe, Paysafecard, PayPal and bank transfers (bank transfers and direct bank transfers).

How can I continue to buy Litecoin in Africa? Investors now choose LTC as base, determine the order type and amount of investment, determine the levers and finally place the order.

How does capital use affect leverage? Assume that the total capital is 100 euros. The leverage selected is 1:10. The order type is a telephone, for example, a price increase. The lever moves a total of 1,000 euros in the market. If the price of light coins increases by 5% during the announcement period, the profit is 50 euros. Without the lever he is only 5 euros. This example clearly shows that the leverage made 50% profit. But it also works in the negative direction: if the price is against the call position, the investor can experience a loss of 50%.

Tip: These are high risk financial derivatives and require practice and intuition. If you have no CFD trading experience, you should start with a demo account. Most brokers offer such an account for free. It could be a cryptocurrency.

Conclusion:  position trading is suitable for all investors who rely on short-term investments. With leverage, CFD brokers can move large amounts of capital into the market, even with lower capital outlays. However, CFD trading is one of the risky financial derivatives and requires some experience.

What is the value of Litecoin cryptocurrency?

Cryptocurrencies are known for price fluctuations. It is no different from Litecoin. Before 2017 there was clearly more anxious time and steady climbs and distances, but since the beginning of 2017 the course has gradually increased. There is still some variation, but this is normal for many volatile digital currencies. In August 2017, Litecoin achieved an exchange rate increase of around $40 and ended with a value of $65. Litecoin still hovers around this value today (as of November 2017). This increase in value makes German LTC purchases available to investors.

Bottom line:  Cryptocurrency rose significantly in 2017. Since August, the currencies have been trading around $65. The current hype around cryptocurrencies makes Litecoin purchases increasingly attractive in Africa.

 

Buy LTC in Africa; how do you recognize good suppliers?

If you decide to buy Litecoin in Africa, you must first look for a suitable supplier. How should I recognize and notice a reliable platform? We also reach the bottom of this issue in the guide. First impressions are not only important for people, but also apply to trading platforms. If you are interested in CFD brokers, marketplaces or stock exchanges, you should first visit the website and ask questions. How is your website designed? Is everything intuitive? Can I find the default currency Litecoin instantly?

Answering this question can provide initial information about the quality of the platform. Of course, there are other criteria that indicate reliable providers, including imprints, regulators and safety.

If you look at the prints, you will see the approval behind the platform. Most CFD brokers or exchanges are within the borders of European countries. This means that investors can rely on European regulations. Compliance is controlled by the regulatory authorities in each country. These include BaFin (Africa), FCA (UK) and CySEC (Cyprus).

One of these rules states that the provider has a deposit guarantee. Most brokers, markets and exchanges are members of the State Guarantee Fund. As a result, customer funds are protected up to 20,000 euros. Additionally, supplier funds and customer funds remain separate from your account. Another sign of a reliable provider is security. Most data transfer is over an encrypted SSL connection. It can be recognized by investors by the lock in front of the web address.

Conclusion: buying LTC in Africa is recommended only for reliable suppliers. It can be recognized by other criteria. This includes regulatory agencies, supplier addresses and safety. Most trusted platforms are within the EU.

 

What is suitable for direct purchase or an investor for broker in CFD?

You cannot answer this question in one sentence. German Litecoin purchases can benefit from crypto or CFD brokers as well as direct purchases. The most important thing is what the investor wants. For anyone who actually owns and wants to store currencies, a CFD broker is not suitable. On the contrary, these platforms deal with investors involved in currency development. The actual purchase of the cryptocurrency is not here. In return, a relatively small amount of capital can be used to increase leverage to increase market capitalization. The chance of profit is much higher, as well as the risk of loss.

Advantages of CFDs:

  • Take advantage
  • Short-term investment
  • Investors can profit from falling and rising prices
  • Low capital investment possible

If you are less risky and want to have Litecoin as credit, you should deposit it on the stock exchange and the market. This makes it easy to buy currencies. Then Litecoin is stored in a wallet, similar to a checking account.

Advantages of direct offers:

  • Cryptocurrency is purchased “in rights”
  • Litecoin can be stored offline
  • Reduced risk

In short:  the choice of platform largely depends on buying German LTC the idea of the investor. If you are only interested in the development of stock prices, you should be familiar with CFD brokers. If you want to own a cryptocurrency, direct trading is fine.

Conclusion: buy Litecoin in Africa – every investor will find a suitable platform

If you decide to buy LTC in Africa, find the right provider and follow the Litecoins buy instructions. Ideal for short-term investments using CFD brokers. But Litecoin is not actually sold here, it depends on the price performance. If your account has a cryptocurrency and you want to sell it later, you should choose a direct purchase. This is possible on many stock exchanges and markets. Investors can find the right provider by paying attention to any criteria. General impressions, safety, location of providers and regulations on the Internet.