The Flash Sale is Over

However, you can still register to trade on Bitbns.
Stay tuned to be informed about the next flash sale

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About Litecoin (LTC)

The release of bitcoin as an open source software gave developers the opportunity to fork the original code base and add the features they wanted; thus creating a new cryptocurrency. Recognizing the market potential of a cryptocurrency to solve these problems, Charlie Lee came up with Litecoin. The first problem that Litecoin addressed was the transaction time. While the bitcoin network processes one block every 10 minutes, Litecoin does it every 2.5 minutes. This four-fold increase in block generation results in faster transactions. It also allows the network to handle higher transaction volumes during scaling.

Litecoin has a maximum supply of 84 million tokens or digital coins (four times more than Bitcoin). Of which, 54.26 million are currently in circulation.

While it may seem that the network will soon run out of new currencies, analysts predict that this will only happen around 2142. And that is considering the current rate of mining difficulty.

Frequently Asked Questions

Please read the FAQ in order to know more about the flash sale

  1. v

    What is Bitbns Litecoin flash sale offer?

  2. v

    If I trade for Litecoin at that time would it double?

  3. v

    How many users will get the Litecoin flash sale offer?

  4. v

    When is the flash sale?

  5. v

    How do I participate in the flash sale?

  6. v

    Am I eligible for this flash sale?

  7. v

    What is the last date for the Litecoin flash sale registration?

  8. v

    Why a flash sale on Litecoin?

Litecoin India: Steps to buy

  1. Register: Sign Up with Bitbns. Verify your mobile number, email id and create your Bitbns account within minutes.

  2. ID Proofs: Complete your profile registration by submitting your:

    • PAN card
    • Bank account details, &
    • Aadhaar card snapshots
  3. Profile Verification : After submitting all required documents for account verification, you will be notified in 1 working day's time about account activation.

  4. You will then be allowed to transfer funds to your Bitbns account using NEFT/RTGS/IMPS

Register Now

Buy Litecoin with Bitbns

Bitbns has been established since December-2017 as an intermediary for the purchase and sale of cryptocurrencies. We offer our expertise in an easy-to-access environment where you can simply and confidently buy and sell cryptocurrencies.

If you encounter any difficulty, our helpdesk is at your service. Our employees guide you gladly during your topifications. All you have to do is contact the home page of our site.

Security, speed and ease of use are the spearheads of Bitbns. Our passion is to improve our service on a daily basis. Many customers can testify to their satisfaction.

About Litecoin

Bitcoin uses the SHA256 algorithm that consumes many resources. Litecoin instead makes use of the scrypt algorithm that consumes a lot of memory.

In its early stages, Bitcoin could be undermined by CPU and GPU.

However, as the competition in the network increased, the specially constructed FPGA and ASIC devices, with extensive processing capabilities, should be used to mine bitcoins. These devices are expensive and require a large amount of electricity to operate. Therefore, only a few could afford to have them quickly and monopolized the Bitcoin mining community.

To prevent the same thing from happening with Litecoin, Charlie Lee (founder)decided to adopt the scrypt algorithm instead. Scrypt was specifically designed to hinder the type of devices to extract Litecoin. It does so by requiring amounts of memory, higher than those used by bitcoin machines.

Here to help