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Cryptocurrency profile · LTC

Litecoin

Litecoin

$62.47 USD · 7,598.85 ISK

Coinbase 50 IndexGMCI 30 IndexGMCI IndexInfrastructureLayer 1 (L1)Made in USAPrivacyProof of Work (PoW)Smart Contract Platform
Market cap rank
27
Market cap
4,582,228,968
Circulating supply
77,630,585
Max supply
84,000,000

About Litecoin

Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments globally. It operates as an open-source payment network independent of central banks, with a fixed maximum supply of 84 million tokens. The network uses a Proof of Work mechanism with the Scrypt hashing algorithm, featuring a 2.5-minute block time for faster confirmations. Key technical features include MimbleWimble Extension Blocks for enhanced privacy. LTC is used for global payments, microtransactions via litoshis, and as a liquid asset for portfolio diversification. New tokens are issued to miners through block rewards, which undergo halving events approximately every four years to control inflation. Created by former Google engineer Charlie Lee, the project is supported by the Litecoin Foundation, a non-profit organization.

  • Litecoin was created by former Google engineer Charlie Lee.
  • It has a fixed maximum supply of 84 million tokens, four times that of Bitcoin.
  • Litecoin's block time is 2.5 minutes, enabling faster transaction confirmations than Bitcoin.
  • It uses the Scrypt hashing algorithm, which is designed to be more memory-intensive than SHA-256.
  • MimbleWimble Extension Blocks (MWEB) were added to improve transaction privacy.
Launch date
Oct. 8, 2011
Consensus
proof-of-work
Token standard
native
Algorithm
Scrypt

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Mid-market rate 1 LTC = 7,598.85 ISK via coingecko · 2m 35s ago Offers updated 2m 37s ago

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Exchange Price
Kraken Best rate CEX · 2m · Bank transfer · SWIFT Transfer · SWIFT (Bank Frick) · Bank Frick 54.39 EUR Buy
Kraken CEX · 2m · Bank transfer · SEPA Transfer · SEPA / SEPA Instant (Openpayd) · Openpayd 54.39 EUR Buy
Kraken CEX · 2m · Bank transfer · SWIFT Transfer · SWIFT (Customers Bank) · Customers Bank 62.34 USD Buy
CEX.IO CEX · 2m · Card · Mastercard
Funding conditions
  • CARD DEPOSITS Countries where card payments aren’t available: Afghanistan, Algeria, Bangladesh, Bolivia, Bosnia and Herzegovina, British Virgin Islands, Burundi, Cambodia, Central African Republic, China, Cuba, Democratic People's Republic of Korea (DPRK), Democratic Republic of the Congo, Ethiopia, Guam, Guinea Bissau, Guyana, Iran, Iraq, Japan, Lao People's Democratic Republic, Lebanon, Libya, Mali, Morocco, Nepal, Pakistan, Puerto Rico, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, United States Virgin Islands, Vanuatu, Venezuela, Yemen, Zimbabwe.
  • New customers (under 3 months from the identity verification) have a maximum daily limit of $1,000 and a maximum monthly limit of $3,000. After 3 months applied standard payment method limits.
  • Varies by provider and country, please check before a transaction.
 62.37 USD Buy
CEX.IO CEX · 2m · Card · Visa
Funding conditions
  • CARD DEPOSITS Countries where card payments aren’t available: Afghanistan, Algeria, Bangladesh, Bolivia, Bosnia and Herzegovina, British Virgin Islands, Burundi, Cambodia, Central African Republic, China, Cuba, Democratic People's Republic of Korea (DPRK), Democratic Republic of the Congo, Ethiopia, Guam, Guinea Bissau, Guyana, Iran, Iraq, Japan, Lao People's Democratic Republic, Lebanon, Libya, Mali, Morocco, Nepal, Pakistan, Puerto Rico, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, United States Virgin Islands, Vanuatu, Venezuela, Yemen, Zimbabwe.
  • New customers (under 3 months from the identity verification) have a maximum daily limit of $1,000 and a maximum monthly limit of $3,000. After 3 months applied standard payment method limits.
  • Varies by provider and country, please check before a transaction.
 62.37 USD Buy

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