What is Litecoin and how does it work?

“Litecoin is the second-oldest cryptocurrency, forked from the Bitcoin protocol in 2011,” says Jay Blaskey, digital currency specialist at BitIRA. “It was engineered to be used for fast, secure and low-cost payments.” Think of it as a Bitcoin spinoff. The goal in launching Litecoin was to improve on Bitcoin in a few different ways.

Is Litecoin a good cryptocurrency?

Litecoin is highly liquid, which makes it a crypto for easier trades. In fact, Litecoin holders will find that merchants such as Newegg, SlingTV and even nonprofits like the American Red Cross are happy to accept their cryptocurrency. You can also use digital currency apps like BitPay or CryptoPay to make a payment using LTC.

What is the Cryptopia platform?

Cryptopia was initially a mining platform where users can use this mining pool to earn bitcoins. Users can use from CPU’s to GPU’s to mine crypto coins. Now the platform has expanded in several verticals and supports trading and exchange along with mining pools. The major aim of cryptopia is to make crypto currency available to everyone.

What currencies does Cryptopia support?

Currencies That Cryptopia Currently Supports. NZD is the only fiat currency that Cryptopia supports. However, they do have 548 different altcoins in which you can trade your coins with. Naturally, this includes all the most prominent ones, like Bitcoin, Ethereum, Dash, Monero, Litecoin, Dogecoin, and many more.