Digital currencies allow users to make transactions on online platforms without the use of real money. To exchange one digital currency with another, you require to use an exchange platform that lists the coins from which you can select the currency you want. Exchange rates apply when exchanging money, the prices depend on market forces and the volatility of the currencies available. Bitfinex trading platform lists currency pairs on its site, such as the LRC/USD, to allow people to trade in real and digital currencies.
LRC cryptocurrency got listed on the Bitfinex platform in 2018 on the 7th of April when accepting a mass registering its site. The coin pairs with different currencies on the site to give traders a wide variety of braces to choose from when trading or investing. This pair means that people can exchange fiat currencies with the coin and vice versa. Traders exchange the money using the rates determined by the site. One coin is equivalent to 33 cents of a dollar; the prices are constant and not affected by the market factors.
The trade volume for this pair stands at 25 dollars worth of the coins, which means that the couple has low popularity since only a few traders consider the pair when making their investment decisions. Traders with fewer funds prefer this pair due to the low exchange rates that allow them to acquire cryptocurrencies or fiat currencies at affordable prices compared to other couples with huge rates. Users learning how to trade, find this pair suitable as they can train themselves to buy and sell due to the low stakes involved.
Trading in cryptocurrencies using this pair on the Bitfinex platform will give you the lowest exchange rates. This pair is perfect for small volume trades and allows users to convert currencies easily on the site.