Cryptocurrency is a new word in the global economy. In digital currency, you can safely store assets and successfully increase them. Cryptocurrency opens up new opportunities for making money on the Internet while comparing favourably with “real” money. One of the most popular virtual currencies today is LiteCoin. Many users are interested in how to sell Litecoin (LTC) to Visa and MasterCard TRY cards (read more here www.bestchange.com/litecoin-to-visa-mastercard-try.html).
Litecoin Features
No wonder the word Litecoin reminds me of another popular digital currency – Bitcoin. If bitcoins are compared to gold, then bitcoins are compared to silver. “Easy coins” (this is how the name is translated from English) is a forked product of bitcoins. This means another project was taken as the basis for creating the codes. That is, both bitcoins and litecoins have a single technological base. According to statistics in 2015, Litecoin was the fourth cryptocurrency in capitalization.
No state or other body has the right to control the creation and transfer of Litecoin. At the same time, the system operates on absolutely legal grounds. The source code of each unit, as well as transaction information, is publicly available to all participants. Lite coins cryptocurrency can be exchanged for bitcoins or other money to pay for services and goods.
Litecoin mining
There is only one way to get digital currency – through mining. It consists of creating new blockchains (code chains), for which miners are rewarded in cryptocurrency. For each generated block, a system participant has 50 LTC; for every 840 blockchains received, the reward is halved. According to calculations, approximately 75% of possible Litecoins will be generated by 2020.
The extraction of LTC occurs with the help of special software. To use it, the participant must register on the official website. After that, the computer video card is engaged in calculations, resulting in the miner earning bitcoins. There are online exchangers with ratings of favourable rates, exchanges where made LTC can be exchanged for bitcoins and various currencies, for example, dollars, euros, and rubles. You can learn more at www.bestchange.com.
How to withdraw litecoins to a bank card
Although cryptocurrency has become widespread worldwide, not all organizations have appreciated its advantages, especially in the CIS. Therefore, the withdrawal of Litecoin to a Credit card is an actual financial transaction. For its implementation, it is worth monitoring Internet exchange offices.
Searching for a reliable exchange office alone can take a lot of time. There is always a chance of running into scammers. Monitoring of exchangers was created to avoid such troubles. No random one-day sites are on the list – each service has passed a rigorous verification procedure. The user can be sure of the safety of his funds using any of the exchangers. The indisputable advantage of monitoring is that when going to the site of the exchange office directly from the list, the client receives a better offer for exchanging funds than when going to the page from the search engine. You can learn more about Lite coins cryptocurrency by clicking the link www.bestchange.com/wiki/article-litecoin.html .
The list of exchangers is presented as a rating; that is, the service that offers the most favourable exchange rate for a Credit card in Turkish Lira is in the first position. The data may change every few minutes. However, all updates are immediately displayed in the monitoring. Near each site, there are unique labels that give an idea of the mode of operation (manual, semi-automatic, automatic), commission percentage, the number of reserves and the age of the service.