Buy LTC in Vietnam – Is This How You Buy Bitcoin? Admittedly, the name Litecoin is somewhat similar to the well-known cryptocurrency Bitcoin. Strictly speaking, Litecoin is actually a fork of Bitcoin. In October 2011, the currency was first launched by Charlie Lee on GitHub. Therefore, buying Litecoin in Vietnam is now possible. What can be observed here and where currency can be purchased, instructions for see.

 

Topic Overview: Why a Litecoin Half Bitcoin? – explanation

Buying Litecoin in Vietnam is becoming more popular, but what’s really behind the cryptocurrency? What is Litecoin? The name is reminiscent of Bitcoin, which is not surprising: after all, much of Litecoin’s source code is Bitcoin. Of course, the Litecoin source code was modified, but the platform provided Bitcoin. What is the difference in Litecoin encoding? Blocking time has been reduced from 10 minutes to 2.5 minutes. Also, the mining algorithm has been changed from SHA-256 to Scrypt.

Meanwhile, Litecoin also saw strong stock price developments. While this is not yet comparable to Bitcoin, it can be seen. The price has increased so far in 2017 in Litecoin up to 15 times. Therefore, buying LTC in Vietnam can compensate investors. From Litecoin, there will be significantly more than bitcoin. The upper limit is 84 million coins, which is four times the amount of Bitcoin (the upper limit is 21 million).

Litecoin’s most important properties:

  • Building Decentralization
  • Easy to use
  • fake anonymity
  • Very fast (peer to peer)

Conclusion: Litecoin is similar to and based on the basic structure of Bitcoin. However, there is a significantly larger amount of Litecoin. Performance in recent years has been impressive: up to 15 times. Therefore, buying Litecoin in Vietnam may be of interest to investors.

Buy LTC in Vietnam, but where?

Buying Litecoin in Vietnam can be done in many different ways. Quite simply Litecoin can also be purchased in Austria. Those who prefer short-term investments can bet on a position with a CFD broker. On the other hand, if investors want to own cryptocurrency and store it in their wallet, it is advisable to buy directly from a stock exchange or market. Both options have their advantages and disadvantages. This is reflected not only in exchange rates, but also in profit opportunities and currency ownership. The CFD Broker is not about owning or saving Litecoin, but about participating in the development of its price. How can I buy Litecoin in Vietnam? We show this with two practical examples.

Markets and exchanges

Today there are many markets and exchanges where cryptocurrencies can be bought and sold. Among the most famous are octopus and anycoin.

How to buy Litecoin in Vietnam on such a stock exchange?

  • Register / register on respective platforms.
  • Place order and desired investment amount.
  • Automatically search through the stock market for the right traders.
  • On successful search, the transaction is automatically processed.

Trades can be handled very conveniently on the stock market due to its automation. The trader has nothing to do but stop his desired order along with the invested amount. Everything else happens automatically. Of course, the stock market can pay for this uncomplicated transaction. The amount depends on the trading volume. Compared to the market, the cost on an exchange is, in my experience, a bit higher. Why so? At the market, investors also place orders, but then look for the right partner alone. This process is equivalent to the eBay internet platform. Due to the initiative of the traders, the cost of the market is slightly lower.

What happens to currencies?

Anyone who has decided to buy LTC in Vietnam on the stock exchange or on the market, buys the cryptocurrency directly. This means it can be resold or saved immediately. Many investors prefer offline storage in wallets first. Litecoin is (still) not allowed as a means of payment at merchants, so the currency is only suitable for investment or history. You cannot pay with this cryptocurrency.

Conclusion: Buying LTC in Vietnam can be done through direct buying on stock exchanges or on the market. Investors buy the appropriate amount of currency, resell or save them in their wallet. As a means of payment Litecoin is not recognized.

 

Litecoin bought in Vietnam from a CFD broker

Those who are not interested in actually owning cryptocurrencies can resort to stock trading. More and more CFD brokers are offering Litecoin as an underlying asset. Here, investors have the opportunity to participate in currency development. They can bet on falling or rising prices. What does such an LTC bought in Vietnam look like at CFD Broker? A practical example provides more information on this.

Investors must register and register with a CFD broker before purchasing. Capital is required to execute the transaction. Its deposits can take place through various reputable payment providers. These include, but are not limited to, credit cards (VISA, Mastercard), Skrill, NETELLER, Paysafe, Paysafecard, PayPal and wire transfers (bank transfers and instant wire transfers).

How do you proceed with buying Litecoin in Vietnam? Investor now chooses LTC as Base, determines order type and investment amount, determines leverage and finally places order.

How does the use of capital combined with leverage affect? Assume that the total equity is 100 euros. The leverage chosen is 1:10. Order type is Call – i.e. raise price. Leverage moves the total capital of €1,000 in the market. If the Litecoin price increases by 5% during the announcement period, the profit is 50 euros. Without leverage, he would have only 5 euros left. The example clearly shows that leverage produced a 50 percent return. However, it also works in the negative direction: If the price moves away from the call position, the investor could suffer a 50% loss.

Tip: Since these are high-risk financial derivatives, a bit of practice and intuition is required. If you have no experience in CFD trading, you should start with a demo account. Most brokers offer such an account for free. This can also be a cryptocurrency.

Conclusion: Positioning trading is suitable for all investors who rely on short-term investments. Due to leverage, CFD brokers can move large amounts of capital into the market even with a small cost of equity. However, trading CFDs is one of the risky financial instruments and therefore requires a bit of experience.

 

Litecoin – how much is the cryptocurrency worth?

Cryptocurrencies are known for their price volatility. That is no different from Litecoin. Before 2017, there were clearly many times of constant jitters and ups and downs. However, since the beginning of 2017, the course is steadily increasing. While there are still minor fluctuations, this is normal for a volatile digital currency. In August 2017, Litecoin even achieved a currency gain of around US$40 and ended up with a value of US$65. Litecoin is still moving around this value today (as of November 2017). Due to this increase in value, buying LTC in Vietnam provides investors.

Conclusion: In 2017, the cryptocurrency showed a big price increase. Since August, the currency has been trading around the $65 mark. The current hype surrounding the cryptocurrency makes it increasingly attractive to buy Litecoin in Vietnam.

 

Buying LTC in Vietnam – how to identify a good supplier?

Anyone who has decided to buy Litecoin in Vietnam must first look for a suitable supplier. How do I recognize a reputable platform and what should I look out for? We also get to the bottom of this in the tutorial. First impressions aren’t just important to everyone – it applies equally to trading platforms. If you are interested in a CFD broker, market or stock exchange, you should first visit the website and ask yourself a few questions: How is the website designed? Is everything intuitive? Can I find Litecoin base currency instantly?

Answering these questions can provide some initial information about the quality of the platform. Of course, there are other criteria that indicate a reputable provider, including imprint, regulatory authority, and security.

A look at the imprint reveals the real certifying people behind the platform. Most CFD brokers or exchanges are located within European country borders. This means for investors that they can trust European regulations. Their compliance is controlled by the regulatory authorities of each country. These include BaFin (Vietnam), FCA (United Kingdom) and CySEC (Cyprus).

One of these regulations stipulates that the supplier holds a deposit guarantee. Most brokers, markets and exchanges are members of the State Deposit Guarantee Fund. Thus, customer funds are protected up to 20,000 euros. In addition, supplier funds and customer funds are kept separate in the account. Another sign of a reputable provider is security. Most data transfers go through an encrypted SSL connection. This can be realized for investors by pre-blocking the web address.

Conclusion: Buying LTC in Vietnam is recommended only for reputable suppliers. These are identified by different criteria. These include, among others, regulatory authorities, supplier housing and security. Reputable platforms are mainly located within the EU.

 

Buy Direct or Broker CFD – what is suitable for investors?

In one sentence, this question cannot be answered. Buying Litecoin in Vietnam can be as advantageous in a crypto or CFD broker as buying direct. What matters is what investors want. For all those who really own and want to save currencies, CFD Broker is not suitable. Instead, these platforms are about investors involved in currency development. A real cryptocurrency purchase doesn’t exist here. In turn, a relatively small amount of capital can be used to leverage leverage to increase equity in the market. The profit opportunity is much higher, the risk of loss but also.

Advantages of CFDs:

  • lever
  • Short-term investment
  • Investors can benefit from falling and rising prices
  • Low capital investment

If you want something less risky and Litecoin as a credit, it is advisable to put it on stock exchanges and markets. Through it, the purchase of currency units is easily possible. Litecoin is then stored in a wallet – comparable to a checking account.

Advantages of direct trading:

  • Cryptocurrencies bought with “real”
  • Litecoin can be saved offline
  • Lower risk

Conclusion: The choice of platform depends on the purchase of LTC in Vietnam significantly from the idea of ​​investors. If you are only interested in participating in price development, you should consider a CFD broker. If you want to own cryptocurrency, then live trading is a good option.

Conclusion: buy Litecoin in Vietnam – every investor will find a suitable platform
Whoever has decided to buy LTC in Vietnam, search for the right number of providers and follow the instructions to buy Litecoin. For short-term investments with leverage CFD brokers are suitable. However, Litecoin is not really being sold here, but only on its price performance. If you have cryptocurrency on your account and want to sell it later, you should choose to buy it directly. This can happen at countless stock exchanges and markets. Investors will find their suitable supplier, if they pay attention to several criteria. These include: general impression of Internet presence, security, location of the provider and its regulation.