The Bitcoin, Litecoin, Ripple & Ethereum survival guide

Are you still confused about Bitcoin? Or maybe you don’t know what cryptocurrency is and why it is so significant. Our Bitcoin survival guide will outline everything you need to know and help you make the right decisions when investing.

Throughout this guide I will refer to Bitcoin, but the information applies to Litecoin, Ripple and Ethereum as well. Read on to find out all you need to know about Bitcoin and surviving the market trends.

What is cryptocurrency?
A cryptocurrency is a digital currency that uses cryptography to secure its transactions.

How can cryptocurrency be used as money?
Currency is a system of money and a form of exchange in general use in a specific country. At present, the Dollar is the most widely used currency around the world.

Anything can be used as a form of exchange, and this includes cryptocurrency.

Bitcoin is a ‘cryptocurrency’
Bitcoin is a type of cryptocurrency. There are many other cryptocurrencies such as Ripple, Litecoin, Dash, etc.

Bitcoin is the most popular because it was the first successful cryptocurrency to emerge. It is a digital currency that can be used to complete a transaction between two parties without involving a middleman. It allows direct, private transactions between users with almost no transaction costs. This is achieved because it is powered by blockchain technology.

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Buy, sell, and exchange cryptocurrencies with the FXB Crypto Webtrader

The FXB Crypto Webtrader allows you to buy, sell and exchange cryptocurrencies directly from your web browser in a couple of clicks with no additional software. All you need is an internet connection and a PC.  The Crypto Webtrader is a regular part of the desktop platform. The application is safe to use – all transmitted data is securely encrypted.

• Crypto Webtrader Features
• Trade directly from any internet browser
• Compatibility with Windows, MacOS, Linux
• Reliable data protection
• Maximise your opportunities with real-time instant quotes

FXB Crypto Webtrader offers a reliable and secure platform where you can buy, sell and exchange popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc.

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Litecoin rising. Momentum returning to cryptos?

Litecoin value has almost doubled in two weeks and stands out amongst general increase in prices among main cryptos recently 

There are signs cryptocurrencies are on the rise with Bitcoin near $10,000 (February 16) and a Litecoin surge grabbing attention.

As the case with most cryptos Litecoin recently dipped following record highs. However, it broke $214 (February 16) from a low of $110 on February 2 suggesting further price increases are imminent. Litecoin’s gain has stood out amongst a general growth pattern seen in many leading cryptos this month.

Since its inception Litecoin founder Charlie Lee has positioned his creation as the silver to Bitcoin’s gold. The main benefits of Lee’s digital coin over Bitcoin are twofold.

Michael LaVered of Oracle Times explains: “Litecoin combines all of the benefits of Bitcoin, but with shorter transaction times and lower fees.”

LaVered believes that Litecoin could potentially overtake Bitcoin in price because of the difficulty the leading cryptocurrency faces in scaling.

However, one of the driving factors behind Litecoin’s recent rise is the announcement of a potential hard fork called LitePay.

LitePay will enable Litecoin users to make purchases through businesses with a flat 1% transaction fee. Litecoin founder Lee has disassociated his digital coin from the spin off, denouncing it as a “fraud”. However, Litecoin users are being attracted with the offer of 10 coins of litecoin cash per coin held.

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