LetsExchange

LetsExchange is a new platform that offers a number of benefits to its clients. When you exchange crypto with LetsExchange.io, you can count on the following benefits:

• No KYC which means no time wasted if you want to exchange coins asap.
• No network fees if you choose a fixed rate.
• More than 200 coins to buy and sell.
• An opportunity to choose between a fixed and a floating rate.
• The most convenient deals are guaranteed by a proprietary technology SmartRate.

When the transaction is completed, you can download a receipt with all the information about the transaction. https://letsexchange.io/exchange/ltc-to-btc is one of the most convenient exchanges with no KYC.

Binance

This is one of the biggest exchanges in the world. It supports almost all the major coins and tokens and offers a pretty easy-to-use interface for the convenience of users. Binance works with fiat money, too, thus, passing KYC procedures are mandatory if you deposit or withdraw in fiat. Though if you deal with cryptocurrency only, Binance allows performing transactions without KYC, too.

Binance uses its own cryptocurrency called BNB, if you use it for trading, you are charged 50% fewer fees.

Etoro

Etoro is one of the most convenient exchanges in the world. It is suitable for both professional traders and those who are just making their first steps in the world of cryptocurrency. While the platform is convenient indeed, there is one significant drawback: there, only 14 main coins are available. But if those are the coins that you want to try, you can choose the platform confidently. A mobile app is available, too. Thus, the platform is perfect for those who are constantly on-the-move.

Coinbase

Coinbase is one more exchange that deserves your attention. This exchange is among the most popular services not only in the world but also in the USA which is a sign of its compliance with top standards. This platform was established just three years after Bitcoin was created. Thus, there is nothing surprising that the platform is the best option for Bitcoin trading.

Bitcoin is though not the only coin supported by Coinbase. Along with Bitcoin, you can trade more than 150 other coins and tokens. Even if you want to exchange rare coins, most likely, they are supported by the platform.

To Sum up

It is not difficult to find a good exchange to swap your coins. But make sure the selected platform supports the coins that you might want to trade. Also, if you are choosing to register a wallet on one or another platform, make sure that the services are going to be non-custodial. Now, you know what exchanges to choose from and can start trading.

Also Read: Top Reasons To Invest In The Cryptocurrency Industry

The post Best Cryptocurrency Exchange Platforms in 2021 appeared first on Web Updates Daily.

But, this number will likely increase in the future as the price of Bitcoin continues to break new records. Furthermore, the introduction of Bitcoin as a digital cryptocurrency and blockchain technology has made it possible for cryptocurrencies to enter the market. 

Actually, today there are more than 2,000 digital cryptocurrencies. Although Bitcoin is still by far the most the largest cryptocurrency by market capitalization, here we explain similarities and differences between Bitcoin another well-known cryptocurrency – Litecoin.

What is Bitcoin

Satoshi Nakamoto is the mysterious creator of Bitcoin that was launched in 2009. The decentralized digital cryptocurrency is used for fast, anonymous transactions over the blockchain network. The blockchain network is actually the reason why Bitcoin is the first-ever successful digital cryptocurrency, and it is also a foundational technology of every other cryptocurrency. All in all, blockchain technology is a great introduction to cryptocurrency in general.

Another important component of the Bitcoin ecosystem is Bitcoin mining. The miners approve the transactions in the network, and through the mining process, they discover new BTC. Moreover, Satoshi Nakamoto has limited the number of BTC that will ever exist to 21 million. 

What is Litecoin

Litecoin was created not long after Bitcoin, in 2011 by Charlie Lee. Litecoin is also a peer-to-peer cryptocurrency, and it currently has 100,000 users, which is a significantly lower number than the number of Bitcoin supporters.

The main purpose of Litecoin, according to its creator, was to create a ‘lite version’ of Bitcoin. Hence there are actually a lot of similarities between the two. Lee has also restricted the number of Litecoins to 84 million.  

In addition, Litecoin is also based on the “proof of work” algorithm in its blockchain system, which means the miners get a reward for approving truncations in the network by solving complex computational puzzles. 

When it comes to storage options of your Litecoins or BTC, you need to invest in a secure wallet and cold storage facility. Furthermore, users can also obtain BTC or Litecoin on trading platforms or via mining. 

Differences Between Litecoin and Bitcoin

Of course, there are important differences between the two currencies. First, Litecoin transactions are processed over a shorter period of time. In fact, one of the goals of Charlie Lee was to increase the processing speed of the transactions. Otherwise, it takes about 10 minutes for BTC transactions to be processed on the network. In contrast, it takes 2.5 minutes for Litecoin transactions to be verified. 

Next, there is a difference in the cryptographic algorithm that they use, which makes Litecoin mining more accessible to individual users with personal computers. The Litecoin uses algorithm Scrypt, while Bitcoin’s uses the SHA-256 algorithm. To be successful in BTC mining, you need to have a powerful computer system.

But, as Bitcoin having reduced the block reward miners get and mining is getting more competitive, it is unprofitable to mine on desktop computers and on your own. Lastly, Bitcoin surpasses Litecoin in terms of its price (it hit $30,000 in January) and market capitalization of $734 billion.

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