Buying LTC in Malaysia – how to buy Bitcoin? Admittedly, the name Litecoin reminds a bit of the most famous cryptocurrency Bitcoin. Actually, Litecoin is a branch of Bitcoin. In October 2011, the currency unit was released by Charlie Lee for the first time on GitHub. As a result, the purchase of Litecoin in Malaysia is now possible. What can be observed here and where the currency unit can be found at all, shows the guide.
Why is Litecoin half Bitcoin? – the explanation
Buying Litecoin in Malaysia is becoming more popular, but what is really behind the cryptocurrency? What are Litecoins? The name is reminiscent of Bitcoin, which is not surprising: after all, most of the Litecoin source code is from Bitcoin. Of course, Litecoin’s source code has been modified, but it basically provides Bitcoin. What is the difference in coding Litecoin? Block time reduced from 10 minutes to 2.5 minutes. In addition, the mining algorithm was changed from SHA-256 to Scrypt.
Meanwhile, Litecoin also registered a strong share price development. Although this is not yet comparable to visible Bitcoins. The price rose up to 2017 in Litecoin up to 15 times. Therefore, buying LTC in Malaysia can pay off for investors. From Litecoin currency unit there will be more than bitcoin. The maximum limit is 84 million pieces, which is four times the number of Bitcoins (upper limit 21 million).
Conclusion: Litecoin is similar to the basic structure of Bitcoin and is based on them. However, there is a significantly larger Litecoin. The performance in recent years is impressive: it is up to 15 times. Therefore, buying Litecoin in Malaysia may be attractive for investors.
Buy LTC in Malaysia, but where?
Buying Litecoin in Malaysia may be done in different ways. Uncomplicated Litecoin can also be bought in Austria. Those who prefer short-term investments can bet on positions with CFD brokers. If, on the other hand, investors want to own cryptocurrency and keep it in their wallet, it is advisable to buy directly from the stock exchange or on the market. Both options have their advantages and disadvantages. This is reflected not only in fees, but also in profit opportunities and ownership of currency units. CFD brokers do not actually own or store Litecoin, but participate in its price development. How can I buy Litecoin in Malaysia? We show it with two practical examples.
Markets and stock exchanges
There are many markets and exchanges where buying and selling cryptocurrency is possible. Among the most famous are octopus and almari.
How to buy Litecoin in Malaysia on such a stock exchange?
Registration / registration on the respective platform.
Set the desired order and investment amount.
Automatic search through the stock market for the right trader.
When successfully processing an automatic transaction.
Transactions can be handled very easily in the stock market due to automatisms. The trader has nothing but to stop the desired order along with the investment amount. Everything happens automatically. Of course, the stock market can pay for these uncomplicated transactions. The amount depends on the volume of the transaction. Compared to the market, the cost on the stock exchange is, according to experience, slightly higher. Why is that? In the market, investors also place their orders, but then look for matching counterparts only. This process can be compared to the internet platform eBay. Due to the initiative of the traders, the market cost is slightly lower.
What happened to currency units?
Anyone who has decided to buy LTC in Malaysia on the stock exchange or in the market, gets cryptocurrency directly. This means it can be resold or stored immediately. Many investors first choose offline storage in a wallet. Litecoin is not (yet) allowed as a payment method at merchants, so the currency unit is only suitable for investment or history. You cannot pay with this cryptocurrency.
Conclusion: Buy LTC in Malaysia can be achieved through direct purchase on the stock exchange or in the market. Investors buy the appropriate number of currency units, resell them, or keep them in their wallets.
Buy Litecoin in Malaysia from CFD brokers
Those who are not concerned with actually owning cryptocurrency can use stock trading. More and more CFD brokers offer Litecoin as an underlying asset. Here, investors have the opportunity to participate in the development of the currency. They can make bets that the price will fall or rise. What does the purchase of LTC mean at CFD Broker? A practical example provides more information on this.
Investors must register and register with a CFD broker before buying. There must be capital to carry out the trade. Deposits can be made through various reputable payment providers. This includes, but is not limited to, credit cards (VISA, Mastercard), Skrill, NETELLER, Paysafe, Paysafecard, PayPal and bank transfers (bank transfers and instant bank transfers).
How do you go about buying Litecoin in Malaysia? Investors now select LTC as the Underlying, determine the order type and investment amount, determine the leverage and finally place the order.
How does the use of capital in combination with leverage work? Assume that the total equity is 100 euros. The selected leverage is 1:10. The order type is a Call – i.e. an increase in price. This lever moves capital of €1,000 in the market. If the price of Litecoin increases by 5 percent in the announced period, the profit is 50 euros. Without the lever, he will only be 5 euros. The example clearly shows that leverage produces a profit of 50 percent. However, it also works in a negative direction: If the price moves against the call position, the investor may suffer a loss of 50%.
Tip: As this is a high-risk financial derivative, some practice and intuition is required. If you have no experience in CFD trading, you should start with a demo account. Most brokers offer such accounts for free. This can also be a cryptocurrency.
Conclusion: Position trading is suitable for all investors who rely on short-term investments. Due to leverage, CFD brokers are able to move large amounts of capital into the market even with little outlay of equity capital. However, CFD trading is one of the riskiest financial derivatives and therefore requires some experience.
Litecoin – what is cryptocurrency worth?
Cryptocurrencies are notorious for their price volatility. That’s no different with Litecoin. Before 2017, there were clear and undeniable times. Since the beginning of 2017, the course has been increasing. Although there are still small fluctuations, this is normal for such a volatile digital currency. In August 2017, Litecoin even achieved a currency increase of around 40 US dollars and ended with a value of 65 US dollars. The Litecoin still hovers around this value today (as of November 2017). Due to this increase in value, buying LTC in Malaysia offers investors.
Conclusion: In 2017, cryptocurrency has shown a huge price increase. Since August, the currency unit has been trading around the $65 mark. The current hype around cryptocurrencies makes Litecoin buying more and more attractive in Malaysia.
Buy LTC in Malaysia – how do I identify a good supplier?
Anyone who has decided to buy Litecoin in Malaysia must first find 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 guide. First impressions are not only important for people – they also apply to trading platforms. If you are interested in CFD brokers, markets or stock exchanges, you should first visit this website and ask yourself a few questions: How is this 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 a track record, regulatory authorities and security.
Looking at the footprint shows who actually set foot behind the platform. Most CFD brokers or exchanges are located on the borders of European countries. This means for investors that they can trust European rules. Their compliance is controlled by regulatory authorities in each country. These include BaFin (Malaysia), FCA (United Kingdom) and CySEC (Cyprus).
One of these regulations provides that the supplier holds a deposit guarantee. Most brokers, markets and Stock Exchanges are members of the State Deposit Guarantee Fund. As a result, customer funds are protected up to a total of €20,000. In addition, provider funds and customer funds are kept separate from other accounts. Another indicator of a reputable provider is security. Most data transfers are via an encrypted SSL connection. This is known to investors by the key in front of the web address.
Conclusion: Buying LTC in Malaysia is only recommended to reputable suppliers. This can be recognized by different criteria. This includes, among others, regulatory authorities, provider domicile and security. Reputable platforms are mostly located within the EU.
Direct purchase or CFD broker – what is right for investors?
In one sentence this question cannot be answered. Buying Litecoin in Malaysia can have advantages in crypto brokers or CFDs as well as direct purchases. What matters is what investors want. For all those who really own and want to keep currency units, CFD Brokers are not suitable. Rather, this platform is about investors participating in the development of the currency. An actual purchase of cryptocurrency does not exist here. In return, relatively small capital can be used to leverage leverage to increase the capital stock in the market. The chance of profit is much higher, the risk of loss but also.
Conclusion: buy Litecoin in Malaysia- every investor will find a suitable platform
Anyone who has decided to buy LTC in Malaysia, find the right number of suppliers and follow the instructions for buying Litecoins. For short-term investments with a leveraged CFD broker is suitable. However, Litecoin is not sold here, but only sets its price performance. If you have cryptocurrency on your account and want to sell it later, you should choose direct purchase. This can be done on many stock exchanges and markets. Investors will find suitable suppliers, if they pay attention to some criteria. These include: general impact on Internet presence, security, location of providers and their regulation.