Litecoin Vs Polkadot

Litecoin vs Polkadot is an interesting discussion regarding two major players in the ever-growing cryptocurrency market. Many traders, crypto enthusiasts and blockchain investors get involved with cryptocurrencies like these for the volatility, decentralisation and development opportunities they present. Below, we detail the main points in the comparison of Litecoin vs Polkadot, LTC vs DOT, for traders, alongside a list of the top brokers and exchanges facilitating both tokens.

Top Litecoin & Polkadot Trading Brokers

#1 - IG Group

11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs.

IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 18,000+ markets and top-tier market research.

- DayTrading Review Team
  • Crypto Spread: Variable
  • Crypto Lending: No
  • Platforms: MT4
  • Crypto Staking: No
  • Minimum Deposit: £250

IG Group Crypto Coins

IG Group offers trading on at least 10 crypto coins: ADA, BCH, BTC, DOGE, DOT, ETH, LINK, LTC, UNI, XLM

CFD Trading

IG offers an impressive suite of 18,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience.

Forex Trading

IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime.

Stocks Trading

IG offers 13,000+ shares, with more listed firms than most competitors. Fees are low with no commission on US stocks. Extended hours trading is also available alongside ultra-fast execution speeds of 0.014 seconds.

About IG Group

IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.


  • Over 18,000 assets are available spanning stocks, forex, commodities, baskets, futures, options and more
  • Opening an account takes less than 5 minutes
  • IG offers great educational materials including an extensive library of training and support on how to day trade successfully


  • No copy trading platform
  • Inactivity charge

#2 - Revolut

Revolut offers 100+ tokens including Bitcoin. Buy, sell and transfer cryptos on the iOS and Android app.

Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment.

- DayTrading Review Team
  • Crypto Spread: 2.5% commission for standard profiles
  • Crypto Lending: No
  • Platforms: Own
  • Crypto Staking: No
  • Minimum Deposit: $0
  • Regulator: FINRA, SEC

Revolut Crypto Coins

Revolut offers trading on a large number of coins, at least 53 coins. For example: 1INCH, AAVE, ADA, ALGO, AMP, ANKR, ATOM, BAND, BAT, BCH, BNT, BTC, CELO, CHL, COMP, CRV, CTSI, DOGE, ENJ, EOS, ETH, FIL, ICP, KEEP, KNC, LINK, LTC, MANA, RLC, ZRX

Stocks Trading

Trade thousands of shares including blue chip stocks like Apple and Microsoft. Invest from $1 with fractional stock trading.

About Revolut

Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.


  • Beginner-friendly mobile investing application
  • Send money to 200+ countries
  • 24/7 live chat support


  • No advanced trading platform
  • Relatively narrow product range
  • No margin trading

#3 - Nexo

Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.

Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets.

- DayTrading Review Team
  • Crypto Spread: N/A
  • Crypto Lending: Yes
  • Platforms: Own
  • Crypto Staking: Yes
  • Minimum Deposit: $10
  • Regulator: ASIC, FCEN

Nexo Crypto Coins

Nexo offers trading on a large number of coins, at least 39 coins. For example: ADA, APE, ATOM, AVAX, AXS, BCH, BNB, BTC, DOGE, DOT, EOS, ETH, FTM, KSM, LINK, LTC, MANA, MATIC, NEAR, NEXO, PAXG, RUNE, SAND, SOL, TRX, UNI, USDC, USDT, XLM, XRP

About Nexo

Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.


  • Referral program with $25 in BTC
  • Audited by Armanino
  • High-yield interest savings


  • No crypto derivative trading
  • Relatively small selection of crypto tokens which misses newer altcoins
  • Restrictions on using the native tokens for New York and Vermont US residents

#4 - Pionex

Pionex is an automated crypto trading platform with built-in bots and a wide range of tokens.

  • Crypto Spread: Market
  • Crypto Lending: No
  • Platforms: Own
  • Crypto Staking: No
  • Minimum Deposit: $0
  • Regulator: FinCEN

Pionex Crypto Coins

Pionex offers trading on a large number of coins, at least 229 coins. For example: AAVE, ADA, ALICE, AXS, BAKE, BCH, BTC, BTT, BUSD, CAKE, DOGE, DOT, EOS, ETC, ETH, FIL, HT, ICP, JST, LINK, LTC, NFT, PUNDIX, SNX, SUN, TFUEL, TRX, UNI, WIN, XRP

About Pionex

Pionex is a cryptocurrency exchange with impressive automated trading tools and bots.

#5 - Kraken

Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.

Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record.

- DayTrading Review Team
  • Crypto Spread: 0-0.26% average
  • Crypto Lending: No
  • Platforms: AlgoTrader
  • Crypto Staking: Yes
  • Minimum Deposit: $10

Kraken Crypto Coins

Kraken offers trading on a large number of coins, at least 57 coins. For example: AAVE, ADA, ALGO, ANT, ATOM, BAL, BAT, BCH, COMP, CRV, DAI, DASH, EOS, ETC, ETH, EWT, FIL, FLOW, GNO, ICX, KAVA, KEEP, KNC, KSM, LINK, MANA, REP, REPV2, XBT, XDG

About Kraken

Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.


  • NFT marketplace and crypto staking available
  • Great trading platform and mobile app
  • Very good security track record with no hacks in a decade since launch


  • Does not accept fiat deposits
  • Does not support many newer altcoins
  • Slow verification times

#6 - Gemini

Trade over 100 crypto pairs on an extensive list of popular and emerging digital currencies.

  • Crypto Spread: Transaction fee from $0.99
  • Crypto Lending: Yes
  • Platforms: AlgoTrader, TradingView
  • Crypto Staking: Yes
  • Minimum Deposit: $0
  • Regulator: NYDFS, MAS, FCA

Gemini Crypto Coins

Gemini offers trading on a large number of coins, at least 56 coins. For example: AAV, ADA, ATOM, BAT, BCH, BTC, COMP, DAI, DOGE, DOT, ENJ, EOS, ETH, FIL, GRT, LINK, LTC, MANA, MKR, SNX, SOL, UMA, UNI, WBTC, XLM, XRP, XTZ, YFI, ZEC, ZRX

About Gemini

Gemini is a leading crypto trading exchange with low fees and 100+ cryptocurrency and altcoins.


  • Multiple account currencies
  • Strong regulation
  • Low minimum deposit


  • No MetaTrader 4
  • No copy trading
  • No demo account

What Is Litecoin?

Litecoin is a decentralised digital currency that was created with the aim of allowing users to avoid central authorities like banks and governments in order to gain access to capital. By this, LTC could be used by people to purchase everyday goods and services, such as coffee and tea in a café. Litecoin was created in 2011 by former Google employee Charlie Lee as a younger sibling of Bitcoin but with a much lower barrier to entry for mining and, since its launch, it has seen significant growth in both value and trade volume to become one the most popular cryptos on the market. The network has adopted features such as Segregated Witness to help increase block validation processes to reduce orphan blocks and the Lightning Network, which provides an alternative system where small transfers for daily purchases can take place in just a few seconds.litecoin vs polkadot trading comparison 2021

What Is Polkadot?

Polkadot is a unique multi-blockchain network that was founded in 2016 by Dr. Gavin Wood, who also worked on the Ethereum network. The first ICO of the crypto DOT was in 2017 and subsequent offerings took place in 2019 and 2020, showing that this is still a fairly young cryptocurrency in the market.

Across many cryptocurrency networks, there is currently a debate as to whether one of decentralisation, security or speed must be conceded in order to achieve the other two. Polkadot aims to provide a solution to this problem through its nominated proof of stake (NPoS) model and its two blockchain systems. The main blockchain, the Relay chain, is responsible for the coordination of the entire system via the parachains, governing the consensus network and the cross-chain coordination and integration.

The parachains are customisable networks created by traders and the Polkadot userbase made to suit a particular purpose. What makes them different from other similar models such as Ethereum and Cosmos is that each parachain uses the Polkadot Relay chain security and consensus system, rather than having to create its own. The consensus governing and separate blockchains for transaction processing and validation mean the network can stay decentralised, secure and fast. This, in addition to the system of bridges currently under construction that will allow interactions with other crypto networks, makes Polkadot a very attractive blockchain network.which is the better and safer crypto, litecoin or polkadot

Litecoin Vs Polkadot Similarities


Access to either Litecoin vs Polkadot should not be an issue as both are popular cryptos with large market capitalisations, so most major exchanges will allow users to make trades and transactions.


There is a wide range of cryptocurrency storage methods with hot wallets like desktop and mobile wallets as well as cold wallets, for example, the Ledger Nano range or the Trezor Model T. These options are available to you whether you wish to store Litecoin vs Polkadot.

Trading Methods

The methods available to traders of Litecoin vs Polkadot are the same. The most common method is through spot trading, where traders purchase an asset at a certain price and then sell it again later on once the value of the asset has increased to pocket the difference. Leveraged trading opportunities, such as CFDs, are less common given the regulatory restrictions in place around the world, though some major brokers and exchanges will still offer them.


As with all cryptocurrencies, there are frequently large price swings in the valuation of Litecoin vs Polkadot that provide traders with ample opportunities to make profits. For example, both LTC and DOT regularly see fluctuations of over 30% of their values.

Litecoin Vs Polkadot Differences


The difference in average transaction fees for Litecoin vs Polkadot can sometimes be as great as a factor of 10. In 2021, Litecoin transaction fees averaged between $0.01 and $0.1. On the other hand, Polkadot transaction fees averaged around 0.015 DOT, equating to $0.23 for the lowest value of 2021 and $0.53 for the greatest value. The exact DOT fees will vary because they are calculated using three parameters, including one that the trader decides themselves. Firstly, there is the ‘length fee’, which is equal to a constant per-byte fee multiplied by the transaction size in bytes. Secondly, there is a weight fee that accounts for the time taken to process the transaction. Finally, there is an optional tip that is used to speed up the transaction by giving it a higher priority.


The total number of transactions that can be processed per second by Litecoin vs Polkadot is a significant amount. Litecoin can only handle 56 transactions per second, whereas 1,000 transactions can take place per second on the Polkadot network – almost 40 times more than LTC.

Market Cap

While both Litecoin vs Polkadot have large market caps and are both within the top 15 most valuable cryptos, there is a roughly $20 billion gap in their current valuation. Polkadot tends to be safely within the top ten cryptocurrencies with at least $30 billion, whereas Litecoin regularly sits between 10th and 15th at around $10 billion.

Hashing Algorithm

The two hashing algorithms that are used to determine the network rules of Litecoin vs Polkadot are very distinct models. Litecoin’s proof of work algorithm, called Scrypt, is a high energy demand system that requires users to expend a large degree of effort in order to be trusted to verify transactions and mine new blocks. Polkadot uses a modified version of proof of stake called nominated proof of stake, whereby users stake DOT in order to perform one of the four roles: validator (validate data and govern network), nominator (select the validators), collator (store blockchain history and transactional data) and fisherman (monitor and police the network).


Litecoin vs Polkadot have different models for new block generation that are linked to their hashing algorithms. Litecoin has users generally must create a mining rig with large RAM and hash power to solve mathematical puzzles and find correct hashes for new blocks. New blocks are mined once every 2.5 minutes with successful miners rewarded with 12.5 LTC. On Polkadot’s network, the elected validators produce new blocks once every six seconds using the Blind Assignment of Block Extension (BABE) mechanism.


The maximum supply of LTC is 84 million tokens, whereas DOT is unlimited.litecoin vs polkadot trading platforms and brokers guide and ranking

Pros Of Litecoin For Traders

  • Low transaction fees
  • Opportunity for earning Litecoin with a mining rig
  • Potential for wider use for purchasing goods and services in day-to-day life

Pros Of Polkadot For Traders

  • Strong scalability
  • Large market capitalisation means high liquidity
  • Already over a billion coins in circulation with no future maximum limit
  • Access to user-created parachains to help with trading and customise the experience

Litecoin Vs Polkadot Verdict

Both Litecoin vs Polkadot present decent opportunities to make profits and payments thanks to their fast, low-cost transactions. The two blockchain networks also have plans for future growth in both the long and short terms. However, the underlying technologies of the two cryptos are quite different, presenting different levels of scalability, utility and flexibility, which may affect your decision. You should also be careful as all cryptocurrencies are very volatile, so both Litecoin vs Polkadot could cause losses during trading.


Is Litecoin Vs Polkadot A Better Investment?

If you prefer the idea of using the crypto for day-to-day purchases, then Litecoin may be better suited to you. However, if you wish to develop functions and benefit from a wider network, Polkadot could be ideal. There are many benefits and drawbacks for both Litecoin vs Polkadot and not every benefit is there for every trader, so consider what it is you are looking for.

How Do I Become A Validator On Polkadot?

There is no official application process for Polkadot validators. You simply need to purchase some DOT, create a validator node and register your interest in becoming a validator. Only once you have been elected by a nominator can you take the role of validator.

Where Can I Find More Information On Litecoin Vs Polkadot?

There are many resources available online that will prove invaluable to you. You can find detailed information on financial websites, as well as plenty of community advice from YouTube or Reddit. You could also check out our dedicated Litecoin and Polkadot pages.

What Will The Price Of Litecoin Vs Polkadot Be In 2025?

Predictions for future prices of either Litecoin vs Polkadot can be easily found through Google searches. However, it is important to remember that these are only forecasts and it is impossible to perfectly predict the future of the financial markets, so take what you read with a pinch of salt.

Where Can I See Cryptocurrency Market Cap Rankings?

Websites such as CoinMarketCap or CoinRanking will show you information like the current leader board for cryptocurrencies by market cap, as well as their current price, supply and value over the last few days.