Compare Binance Coin (BNB) vs Litecoin (LTC) Coin

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On this page, you can compare Binance Coin (BNB) with Litecoin (LTC). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.

Company

User rating

4.8 / 5 6 user reviews 5 / 5 5 user reviews

Cryptogeek rating

4.6 / 5 3.4 / 5

Trust Score

How it works
4.8 / 5 3.98 / 5

About

Binance Coin is a digital asset issued in 2017 by Binance, which is one of the largest cryptocurrency exchanges. Binance Coin (BNB) is an ERC20 token based on the Ethereum blockchain. The asset is available on most of the big centralized exchanges. Binance Coin gets strong support both on Binance and Binance DEX. Binance users get discounts for trades with pairs that include BNB, while on Binance DEX most of the trading pairs include BNB. Due to the strong popularity of the brand, the native Binance asset has quickly became a major success and one of the top 10 cryptocurrencies by market capitalization. It survived harsh 2018 without any notable troubles.
Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.

Type

coin coin

Founding Date

2017 2011

Country

International International

Languages

No data No data

Team

Public Public

Protocol

Public blockchain Public blockchain

Current price (USD)

698.6700 107.7436

All-time high (USD)

39.5700 375.2900

Price change (24h)

1.70 3.08

Volume (24h)

267583232.09446 34156036.30215

Hashrate

No data 165730

Max Supply

187536713.00000 84000000.00000

Total supply

No data No data

Circulating Supply

144007495.45000 75343695.73347

Transaction speed / Block time

20 56

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data Scrypt

Proof type

No data PoW

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

155536713.00000 65464957.99676

Is trading

yes yes

Block reward

0.000000000000 12.500000000000

Block time

No data 150
Company
User rating User rating 4.8 / 5 6 user reviews User rating 5 / 5 5 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 3.4 / 5
Trust Score How it works Trust Score 4.8 / 5 Trust Score 3.98 / 5
About
Binance Coin is a digital asset issued in 2017 by Binance, which is one of the largest cryptocurrency exchanges. Binance Coin (BNB) is an ERC20 token based on the Ethereum blockchain. The asset is available on most of the big centralized exchanges. Binance Coin gets strong support both on Binance and Binance DEX. Binance users get discounts for trades with pairs that include BNB, while on Binance DEX most of the trading pairs include BNB. Due to the strong popularity of the brand, the native Binance asset has quickly became a major success and one of the top 10 cryptocurrencies by market capitalization. It survived harsh 2018 without any notable troubles.
Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
Type Type coin Type coin
Founding Date Founding Date 2017 Founding Date 2011
Country Country International Country International
Languages Languages No data Languages No data
Team Team Public Team Public
Protocol Protocol Public blockchain Protocol Public blockchain
Current price (USD) Current price (USD) 698.6700 Current price (USD) 107.7436
All-time high (USD) All-time high (USD) 39.5700 All-time high (USD) 375.2900
Price change (24h) Price change (24h) 1.70 Price change (24h) 3.08
Volume (24h) Volume (24h) 267583232.09446 Volume (24h) 34156036.30215
Hashrate Hashrate No data Hashrate 165730
Max Supply Max Supply 187536713.00000 Max Supply 84000000.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 144007495.45000 Circulating Supply 75343695.73347
Transaction speed / Block time Transaction speed / Block time 20 Transaction speed / Block time 56
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability high Mining profitability low
Algorithm Algorithm No data Algorithm Scrypt
Proof type Proof type No data Proof type PoW
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined 155536713.00000 Total coins mined 65464957.99676
Is trading Is trading yes Is trading yes
Block reward Block reward 0.000000000000 Block reward 12.500000000000
Block time Block time No data Block time 150

Social

Website

www.binance.com litecoin.org

Twitter

Binance coin @LitecoinProject
Website Website www.binance.com Website litecoin.org
Twitter Twitter Binance coin Twitter @LitecoinProject

Advantages

Uses a unique Burndown Policy Acts as a discount coupon Offers fast transactions and low fees Open-source Network Decentralized Transactions Fees

Disadvantages

Is heavily centralized A major target for cyberattacks Has some branding issues

Rating

User rating User rating 4.8 / 5 6 user reviews User rating 5 / 5 5 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 3.4 / 5
Advantages Advantages Uses a unique Burndown Policy Acts as a discount coupon Offers fast transactions and low fees Advantages Open-source Network Decentralized Transactions Fees
Disadvantages Disadvantages Is heavily centralized A major target for cyberattacks Disadvantages Has some branding issues

Binance Coin (BNB) user rating is 4.8, based on 6 user reviews. Litecoin (LTC) user rating is 5, based on 5 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.8 / 5 Write review
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Binance Coin (BNB) features

At the moment Binance Coin (BNB) price is 699.67. Its 24h volume is 267,583,232.9446. 24h price change is 2.7.

Binance Coin (BNB) max supply is 187,536,713.0. The circulating supply is 144,007,495.45.

Binance Coin (BNB) transaction speed/block time is 20. Block reward is 0.0.

At the moment the number of coins mined is 155,536,713.0. Mining profitability is high.

Binance Coin (BNB) Cryptogeek user rating is 4.8, based on 6 user reviews.

Litecoin (LTC) features

Litecoin (LTC) price is 108.7436. Its 24h volume is 34,156,036.30215. 24h price change is 3.8.

Litecoin (LTC) max supply is 84,000,000.0. The circulating supply is 75,343,696.73347.

Litecoin (LTC) hash rate is 165730. Litecoin (LTC) transaction speed/block time is 56. Block reward is 13.5.

At the moment the number of coins mined is 65,464,958.99676. Mining profitability is low.

Litecoin (LTC) Cryptogeek user rating is 5, based on 5 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

  1. Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
  2. An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
  3. High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.

On this page, you can compare Binance Coin (BNB) with Litecoin (LTC). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.