Cryptocurrency contract trading has been around for almost a decade now, Litecoin being one of the top 7 ranking cryptocurrency can be traded using The Bityard contract trading, spot exchange and copy trade just like any other coin.
In this article, we answer questions on how Litecoin can be traded on Bityard contract trading, spot exchange as well as copy trading.
What is Litecoin?
Litecoin (LTC) is an open-source Decentralized peer-to-peer cryptocurrency that allows secured instantaneous transaction with nearly near-zero price of fee, Litecoin is an early bitcoin spinoff (Altcoin), it’s thought-about to be a sophisticated type of Bitcoin with a median block-time of two.5 minutes.
Litecoin was launched by Charlie Lee (a former Google worker) on 7th October 2011 by way of an open-source consumer on GitHub, Litecoin is licensed below MIT License and makes use of the script primarily based community algorithm in its proof-of-work.
From the onset of its launch until date Litecoin has skilled an incredible rise each in its worth and within the complete market cap, the value of Litecoin analysts have been estimated to surpass $500 earlier than the tip of 2022, thereby surpassing its all-time excessive (ATH).
LITECOIN PRICE STATISTICS
Litecoin worth $146.40 (as of the time of writing this text)
Market Dominance 0.95%
Market Rank #7
Market Cap $9,688,989,939.15
All Time Excessive (Dec 19,2017) $375.29 61.05%
All Time Low (Jan 14,2015) $1.11 13023.49%
Litecoin ROI $3298.98%
Circulating Provide 66,289,591 LTC
Complete Provide 66,289,591 LTC
Most Provide 84,000,000 LTC.
QUESTIONS/ANSWERS ON HOW TO TRADE LITECOIN ON BITYARD CONTRACT TRADING, SPOT EXCHANGE, AND COPY TRADING.
Initially, To proceed with any buying and selling on Bityard it’s important to register utilizing this Link this may take solely 30 seconds.
What Is Bityard?
Bityard is a worldwide famend cryptocurrency/Derivatives buying and selling platform primarily based in Singapore, they provide contract buying and selling, spot alternate, and duplicate commerce companies for each cryptocurrency pairs and Derivatives. It offers a protected, easy, and really quick cryptocurrency buying and selling surroundings and is out there in additional than 150 international locations all over the world.
Bityard presents a well-leveraged marketplace for traders (as much as x100) and can also be totally regulated and compliant with worldwide Legal guidelines.
What are the cryptocurrency pairs supported by Bityard?
Cryptocurrencies contract buying and selling pairs supported by Bityard consists of;
Bitcoin (BTC/USDT), Ethereum(ETH/USDT), Litecoin (LTC/USDT), Ripple(XRP/USDT), Sprint (DASH/USDT), BitcoinCash (BCH/USDT), Chainlink (LINK/USDT), Ethereum Traditional (ETC/USDT), Tron(TRX/USDT), Cardano(ADA/USDT), EOS(EOS/USDT), Cosmo Atom (ATOM/USDT), Polkadot (DOT/USDT), Kyber Community(KNC/USDT), Uniswap (UNI/USDT), Stellar Lumens (XLM/USDT), Ox (ZRX/USDT), Tezos (XTZ/USD), Primary Consideration Token(BAT/USDT).
Derivatives contract buying and selling provided by Bityard;
Pure Gasoline, Nasdaq 100, China A50, Silver, Crude Oil, Mini Dow, Gold, Copper, DAX, Nikkei225, Dangle Seng.
What’s Litecoin contract buying and selling?
Litecoin Contract buying and selling is a kind of strategic buying and selling whereby traders are allowed to commerce in any route of the cryptocurrency securities (Litecoin) in different make a revenue primarily based on the settled worth distinction between the opening and shutting commerce costs with out really holding the asset (Litecoin).
With these methodology traders are likely to make extra revenue sooner than after they really maintain the asset (Litecoin), traders are additionally hedged from the danger of potential devaluation of the cryptocurrency (Litecoin).
Learn how to commerce Litecoin on Bityard contract buying and selling?
Firstly, Obtain The Bityard app, then register utilizing the Link (lower than 30 sec), you are actually few steps away from buying and selling the Litecoin/USDT pair (LTC/USDT) on Bityard contract buying and selling.
The Bityard contract buying and selling for Litecoin includes speculating the route of the value motion of the LTC/USDT pair inside an estimated interval(customizable), thereby making revenue primarily based on the settled distinction between the opening and shutting costs of your preliminary entry with out really holding the Litecoin.
To have the ability to commerce, following registration, the investor must make a deposit into their Bityard Accounts by;
- Deciding on deposit on my Belongings web page.
- Deciding on the specified foreign money within the Foreign money Possibility.
- Copying the displayed deposit deal with or QR code on the suitable facet.
- Lastly, Depositing into the copied foreign money deal with.
NB; – Deposit the suitable cryptocurrency into its personal deal with.
-Deposit addresses could change, so all the time verify the deposit deal with on the deposit web page earlier than every deposit.
– All Deposits on Bityard are made utilizing cryptos.
– Cryptocurrency deposit requires community node affirmation; Totally different currencies require completely different affirmation time (Usually 10-60 minutes).
After affirmation of deposit, traders can now commerce LTC/USDT pairs utilizing the next steps;
- Click on on the contract icon on the entrance web page, then click on on the crypto icon for desktop customers, for cell customers the LTCUSDT pair is already on the entrance web page as one of many advisable pairs.
- Navigate to the LTCUSDT pair on the Most important space, and click on on it (for desktop customers).
- This new tab will show the LTCUSDT pair chart (from Tradeview), Exhibiting the dwell worth motion of the LTCUSDT pair in the mean time (The identical for each desktop and cell customers) NB; now you can add indicators (SMA, VWAP, BOLLINGER, STOCHASTIC, and so on.) to your chart.
- Choose the leverage you want to commerce with (starting from x5 – x50 for the LTCUSDT pair)
NB; this determines the amount of Litecoin property you may be allowed to purchase or promote.
- Choose the specified margin you want to commerce with (minimal margin = 5USDT, most margin =1000USDT).
NB; This determines the amount of Litecoin (Qty LTC) you wish to purchase or promote in the mean time utilizing XUSDT.
- Click on on Transaction settings or on the TP/SL Ratio icon(desktop customers) to Set your required proportion Take revenue/ Cease Loss degree (This is essential particularly for freshmen), Set your in a single day buying and selling order (whether or not to shut order or to maintain your order open after the closing hour 05:55:00 SGT ), then verify your settings.
- Now you can execute your order by clicking on the BUY or SELL
NB; To maintain your order open, Tick the in a single day toggle field.
TRADING RULES FOR LTCUSDT PAIR.
Buying and selling hours 7x24hours
Leverage 5x – 50X
Holding Time Everlasting
Closing Time Auto closing at 05:55:00 SGT.
Charges Buying and selling charges calculation = Margin X Leverage X 0.05%
In a single day charge calculation = Margin X Leverage X 0.045%
NB; in a single day charge is free at 05:55:00 SGT (inside 12hrs).
NB; you possibly can monitor your entry utilizing the Reside place, Commerce Historical past, pending order, and Transaction Historical past on the backside web page.
Open commerce TP&SL Ratio may be modified anytime, by clicking on the commerce after which on the settings icon.
- Open trades may also be closed anytime the investor needs, by clicking on the commerce after which on the shut icon.
Learn how to commerce Litecoin on Spot Alternate.
Bityard additionally presents Litecoin Spot alternate to its customers, this includes the rapid direct alternate of LTC (at its present market worth) with one other coin (normally USDT), The spot alternate is normally an instantaneous commerce.
The spot alternate choice is just not but accessible for cell customers, Subsequently cell Customers have to vary their cell browser into the Desktop model in different to utilize the spot alternate on Bityard.
NB; cell customers can change to the desktop model by (1). utilizing a browser (chrome)after which (2) touching the browser choice icon, after which you (3) click on on the “Request Desktop website”.
Steps on learn how to commerce Litecoin utilizing spot alternate;
- Login in to your account.
- Click on on the spot alternate icon.
- Navigate to the LTCUSDT pair and click on on it, It will show the LTCUSDT chart and order guide.
- now you can enter the value of USDT or the quantity of LTC you wish to purchase or promote in the mean time.
- you possibly can enter your TP/SL Ratio by sliding the share bar above the purchase or promote button both to the suitable or left.
- Click on on the BUY or SELL icon to enter your LTC order.
NB; To observe your LTC Open orders, scroll right down to the underside web page to your Open Order, Order Historical past, Commerce Historical past, and Funds.
Open Orders may also be closed immediately by clicking on any of the Open Orders after which clicking on the shut icon.
Learn how to commerce Litecoin utilizing the Bityard Copy commerce,
Copy commerce is the most recent improvement on Bityard platform, This permits customers to robotically copy trades executed by different traders on Bityard monetary market.
The primary intention of this copy buying and selling is to allow freshmen or traders who’re too occupied to have the ability to commerce and make income whereas paying a bit of proportion of the revenue they’ve realized
from the commerce to the traders there are coping from.
The next steps present learn how to commerce Litecoin utilizing the copy commerce on Bityard;
- Login to your Bityard account utilizing cell or desktop.
- Click on on the copy commerce icon (for each cell and desktop customers).
- For cell customers;
- Search, Choose, and comply with the Dealer of alternative who trades on the LTC/USDT pair.
- Set whether or not or to not copy the merchants’ subsequent commerce, whereas your Open order remains to be ongoing by clicking on the “Change toggle field”.
- Set the quantity (USDT) you wish to copy-trade with.
- Set your most each day margin (NB; when this margin is reached for the day you possibly can’t copy trades once more).
- You possibly can set the Most Place Quantity (USDT) from the superior settings.
- Select whether or not or to not shut commerce alongside the dealer, in any other case, trades will probably be closed in response to your individual TP/SL Ratio.
- Then click on on
- For Desktop Customers;
- Click on on the following icon of any of the merchants who commerce on the LTC/USDT pair.
- Set your Desired comply with mode, They’re two varieties (1) Mounted Rely and (2) Mounted Ratio.
- Click on
NB; Merchants may be filtered primarily based on (1) Type, (2) P/L Ratio in 30Days, (3) buying and selling days.
Learn how to unfollow copied merchants
You possibly can unfollow merchants by clicking on the merchants’ edit icon, then click on the unfollow icon (The identical for each cell and desktop customers)
How is the copy merchants paid?
The merchants are paid on the finish of the day, from the revenue realized by the copier after copying from them primarily based on the transaction charge they go for of their copy commerce account.
Bityard is a extremely regulated world famend buying and selling platform that provides a protected, easy, and really quick contract buying and selling, spot alternate, and duplicate commerce on each cryptocurrency and Derivatives.
The Bityard platform could be very simple to make use of (Person pleasant and concise), giving most novice merchants entry to the crypto contract world.
Litecoin, one of many high 7 rating cryptocurrency may be traded on Bityard utilizing “The Bityard contract buying and selling, spot alternate, and duplicate commerce”, This allows traders to make extra revenue even within the slightest motion of the value (contract buying and selling), or by the rapid alternate of Litecoin (on the present market worth) to a different coin inside a given time frame (spot buying and selling). These hedges traders from the danger of potential devaluation of Litecoin in the event that they had been really in possession of the coin.
Bityard has additionally included into their system “THE COPY TRADE” which is a groundbreaking innovation, as this exhibits that Bityard really has its traders at coronary heart, this may allow freshmen or extremely occupied traders to have the ability to commerce and make a revenue by copying from the professionals within the buying and selling world.
Bityard has a large reached protection that features over 150 international locations all over the world, they’re extremely regulated and in addition compliant with worldwide legal guidelines.
Depositing and withdrawing from Bityard is made utilizing cryptocurrencies and it’s additionally so simple as ABC.
For more information go online to Bityard (advanced contract made easy and clear)