Buy Proxy with Litecoin (LTC)

Litecoin has former Google engineer Charlie Lee as its founder. It was among the first altcoins – a term used to refer to cryptocurrencies other than Bitcoin. What’s more, it is the second oldest cryptocurrency after Bitcoin.

Litecoin may not be nearly as popular as Bitcoin, but it is still a critical digital asset in the world of cryptocurrencies. As you can infer from the name, it was developed as an improvement to Bitcoin and designed to compensate for several of the latter’s perceived shortcomings.

While Bitcoin mainly stores value for long periods, Litecoin was developed to cater to everyday transactional needs. That said, it has a far higher market cap, and the mining process is less sophisticated when compared to Bitcoin.

Litecoin is more of a Bitcoin spinoff engineered to facilitate everyday transactions. It uses a new, improved hashing algorithm called Scrypt, which can support up to 54 transactions per second as opposed to Bitcoin’s, which can only support five transactions per second.

If you are looking to pay for proxies using Litecoin, you need to keep the following factors in mind:

Be mindful of fluctuations

It is no secret that the crypto realm is highly volatile, and several factors can influence crypto prices. Therefore, after depositing the Litecoins into your IPRoyal account, depending on the market conditions, they may either depreciate or appreciate.

Keep your wallet safe

Your digital wallet is like your bank account. Just like your bank account details should always be private, the same goes for your digital wallet. Hence, to keep your Litecoin secure, you should take measures such as backing up your wallet.

Double-check all information

Due to the nature of cryptocurrency, payments made using these digital assets are final. Hence, you need to double-check all the details since we cannot offer a refund if a mistake is made.