Forex Brokers That Accept Litecoin Payment Method for Deposit and Withdrawal
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.
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Additional FAQ
Amidst the controversies surrounding Litecoin, some analysts believe that the pioneer altcoin is still worth holding. Analysts from WalletInvestor, Trading Beasts, and The Economy Forecast Agency predict that Litecoin's price may reach $1,000 in the next five years.
As Litecoin is identical to Bitcoin, some investors consider its price will significantly increase when inflation rises. Additionally, market players still consider Litecoin in terms of its price because it is cheaper than Bitcoin. This can be a positive catalyst for Litecoin in the future. Furthermore, Charlie Lee has returned to Litecoin, and the cryptocurrency community believes this event can restore Litecoin's credibility as the pioneer of altcoins worldwide.
Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?
Pioneered by former Google engineer Charlie Lee in 2011, Litecoin was initially formed out of curiosity. Lee replicated Bitcoin's blockchain network by adding an anti-hacking technology called Scrypt. This technology requires users to solve a puzzle before making a new transaction on the blockchain. Litecoin and Bitcoin use the same consensus algorithm, namely proof of work. They also both have a limited supply but with different amounts.
Litecoin was designed to be a faster and more efficient version of Bitcoin. It has a shorter block time (2.5 minutes compared to Bitcoin's 10 minutes), which means that transactions are processed faster. Litecoin also has a larger total supply (84 million compared to Bitcoin's 21 million), which makes it more divisible and easier to use for smaller transactions.
Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?
What brokers dominate in Nigeria?
Some of these international forex brokers are HF Markets and Deriv. As one of the most used international brokers by Nigerian traders, HF Markets is regulated by the Financial Conduct Authority (FCA) in the UK, the FSCA of South Africa, and the Cyprus Security Exchange Commission (CySEC).
As for Deriv, it is regulated by the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (FSC), the British Virgin Islands Financial Services Commission (FSA), and the Malaysian Labuan Financial Services Authority.
Continue Reading at Is It Safe to Trade Forex in Nigeria?
What are the types of forex brokers' cheats?
There are 6 common types of forex brokers' cheats, such as:
- Stop loss hunting
- Spread markups
- Slippage
- Requote
- Swap manipulation
- High leverage
Continue Reading at Forex Broker Cheats and How to Anticipate Them
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