There is a great piece of an update for Litecoin fans and traders. In a welcoming development, Coinut Exchange has decided to reduce the withdrawal fees for the digital currency of Litecoin by a massive 90%. The news was shared with the entire crypto community through an official tweet by Coinut Exchange platform on 8th May 2019.
— COINUT EXCHANGE (@coinut_exchange) May 9, 2019
Prior to this announcement, Coinut Exchange surprised its user base by sharing its decision to deduct the transaction fees on Litecoin by 90%. As per the trading platform, reducing the transaction fees can have a significant impact on the adoption of the Litecoin cryptocurrency as a payment option. Thanking its Litecoin team, the exchange also indicated their possible move to lower the Litecoin withdrawal fees accordingly in the same announcement which they eventually announced later on in the day.
Thanks to the Litecoin team for decreasing the transaction fee by 90%. This could have huge impact on Litecoin’s adoption as a payment tool. We will also decrease our withdrawal fees for LTC accordingly. @LTCFoundation @TheRealXinxi @SatoshiLite
— COINUT EXCHANGE (@coinut_exchange) May 8, 2019
For those of you who are new to the crypto space, Coin Ultimate Trading is one of the secure digital currency exchanges based in Toronto as well as Singapore. With its faster system and easy user interface, the exchange has the capability of facilitating millions of trade orders every second. In addition, Coinut claims to charge possibly the lowest transaction fees on the trading, withdrawals and deposits of cryptocurrency-to-cryptocurrency or fiat-to-cryptocurrency transactions.
Coinut Exchange, available on both Android and iOS, makes it possible for users to purchase Ethereum, Litecoin, and Bitcoin using their fiat money of Canadian Dollars, Singapore Dollars as well as US Dollars.
Litecoin (LTC), at present, is ranked 5th on the crypto market ranking charts of CoinMarketCap. At the time of writing, LTC was being traded at $75.68, up 1.50% from its price of the previous day. Developed by Charlie Lee, Litecoin is a peer-to-peer digital currency which was forked from Bitcoin in the year 2011. With its completely decentralized network of global payment, Litecoin facilitates users to make instant and almost-zero cost payments easily all over the world.