How To Invest In Litecoin (And Should You Do It)
Updated: December 28, 2020 By Robert Farrington
At The College Investor, we want to help you navigate your finances. To do this, many or all of the products featured here may be from our partners. This doesn’t influence our evaluations or reviews. Our opinions are our own. Learn more here.
Litecoin
Cryptocurrencies like Bitcoin, Ethereum, and Litecoin are making headlines because the value of these currencies has risen dramatically over the last year. These currencies rely on complicated mathematics and blockchain technology to create a system that allows users to pay, store, and get value from these currencies.
Specifically talking about Litecoin, let's dive in and look at what it is, how it's different than other currencies, and the most important question of all: how to invest in Litecoin. Before you get started with Litecoin, you need a digital wallet. We recommend using Coinbase, which we will discuss a bit more below.
If you're considering investing in Litecoin, realize that there are a lot of risks - but also huge potential rewards. We try to break it down as easily as possible, but this is a complicated subject.
Table of Contents
What Is Litecoin
How Litecoin Is Different
How To Invest In Litecoin
Final Thoughts
What Is Litecoin
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances.
Litecoin was the third most popular digital currency, behind Bitcoin and Ethereum (okay, it's fallen a little bit due to the popularity of Ripple, but close enough). There's some subjectivity about whether it's actually second behind Bitcoin, but that's neither here nor there.
In 2014, Dash, a competing crypto-currency, split from the Litecoin blockchain. You can learn about investing in Dash here.
How Litecoin Is Different
Litecoin is different than other currencies is a couple key ways.
First, unlike Bitcoin and Ethereum, Litecoin uses a software algorthym (Scrypt) to mine units. This somewhat prevents individuals from making powerful custom computers (or rigs) specifically to mine the currency.
Second, Litecoin has one of the fastest transaction times of the digital currencies, clocking in at 2.5 minutes (versus the 10 minutes for Bitcoin).
Third, and most popular for investors, Litecoin is the cheapest of the three major cryptocurrencies. As of June 2017, Bitcoin was trading at over $2,500, Ethereum was trading at over $300, while Litecoin was trading at around $40.
Litecoin Prices
How To Invest In Litecoin
If you're looking to invest in Litecoin, it's important to remember that Litecoin is a currency. This means it doesn't act like a stock or bond. Instead of buying shares of Litecoin, you are swapping your currency for Litecoin currency.
For example, $1 USD is equal to about $43 in Litecoin today. The goal is for the value of Litecoin to rise, in which case, you could exchange your Litecoins back to dollars (from someone willing to do the exchange).
So, where can you do this? Sadly, you can't invest in Litecoin at your stock broker. Instead, you need a digital wallet. The best digital wallet we've found for US Citizens is Coinbase. Coinbase allows you to buy and sell Bitcoin, Bitcoin Cash, Ethereum, and Litecoin all in their app.
Since Coinbase is also a digital wallet, you can use your wallet to buy, sell, send, and receive Litecoin as well (for example, using Litecoin to pay for goods or services online).
By using THIS LINK you'll get $10 in bitcoins after you buy $100 in Bitcoins. You can then convert your Bitcoins and bonus into Litecoins if you wish.
If you don't like the idea of a digital wallet, there are no ETFs that track Litecoin yet. However, GBTC is an ETF that tracks Bitcoin, which you can purchase on a platform like eToro. You can also invest in other cryptocurrencies on eToro as well.
Final Thoughts
Like any currency, there is a high degree of risk involved if you're considering investing in Litecoin. However, given the low price point and ease of access via tools like Coinbase, it can be tempting to try a small amount and see what happens.
You never know, Litecoin could skyrocket as high as Bitcoin is today, and you might be thanking yourself in several years.
bitcoin book метрополис ethereum bitcoin форум etherium bitcoin How long it takes for a developer to finish the smart contract and token can vary depending on what you require. For a general estimate, I would allow 2 weeks (working Monday-Friday, 9am-5pm). That’s a total of $8,000 if you were paying $100/hour!Confusing for a first-time user
ethereum transactions
99 bitcoin bitcoin pay bitcoin rate monero пулы bux bitcoin
yandex bitcoin adc bitcoin doubler bitcoin
курс ethereum So, what’s the difference between a public and a permissioned blockchain? Public blockchains are open protocols. Anyone can join the network and participate in the protocol and take care of the overall network consensus. Plus, the data stored in the blockchain is pretty much open for all to see since everything is public.лотерея bitcoin форк bitcoin куплю ethereum pull bitcoin bitcoin xt кошель bitcoin tether приложение bitcoin mail bitcoin comprar mikrotik bitcoin solo bitcoin electrum ethereum падение ethereum token bitcoin bitcoin skrill ethereum web3 box bitcoin youtube bitcoin monero *****u nonce bitcoin bitcoin приложение ethereum chart *****uminer monero faucet cryptocurrency bitcoin telegram collector bitcoin ethereum calc кошелька ethereum bitcoin доходность Because bitcoin mining is best achieved through pooling (joining a group of thousands of other miners), the organizers of each pool choose how to divide bitcoins that are discovered. Bitcoin mining pool organizers can dishonestly take more bitcoin mining shares for themselves.san bitcoin monero майнинг bitcoin блок mine ethereum
investment bitcoin ethereum статистика video bitcoin monero *****uminer monero amd депозит bitcoin ethereum core bitcoin эмиссия monero blockchain bitcoin casino wikileaks bitcoin bitcoin x курсы bitcoin
bitcoin доллар bounty bitcoin bitcoin api attack bitcoin bitcoin income bitcoin ecdsa транзакция bitcoin депозит bitcoin
hashrate bitcoin bonus bitcoin konvertor bitcoin
monero обмен amazon bitcoin scrypt bitcoin In the case you prefer to buy Litecoin with cryptocurrencies, however, you do not own any cryptocurrency, then enter Coinbase, open an account, follow the instructions and you are ready to go.майнинга bitcoin робот bitcoin bitcoin usb шифрование bitcoin bitcoin co zcash bitcoin bitcoin easy ethereum forks british bitcoin bitcoin heist ethereum купить
kurs bitcoin bitcoin price майн ethereum
купить tether case bitcoin
скачать bitcoin air bitcoin
bitcoin луна autobot bitcoin bitcoin options For users of Ethereum, ETH is valuable because it lets you pay transaction fees.bitcoin продать bitcoin расшифровка bitcoin валюты bitcoin pizza bitcoin 99 Bitcoin is the most popular example of a cryptocurrency but there are many more such as Litecoin and Ethereum that are made to rival it or be used in competing markets.Ethereumtestnet ethereum казино bitcoin ethereum pos bitcoin spinner bitcoin wm теханализ bitcoin ethereum вывод ethereum logo bitcoin usa сборщик bitcoin bitcoin монета
ethereum twitter bitcoin *****u bitcoin phoenix converter bitcoin bitcoin вклады сложность bitcoin
puzzle bitcoin hashrate bitcoin nanopool ethereum bitcoin green калькулятор ethereum
bitcoin vpn и bitcoin ethereum claymore
bitcoin nyse bitcoin now water bitcoin
ethereum акции rx470 monero bitcoin account форекс bitcoin bitcoin выиграть bitcoin allstars ethereum cryptocurrency polkadot stingray
mining ethereum
bitcoin conveyor neteller bitcoin ethereum charts биржи bitcoin monero client asics bitcoin bitcoin компьютер script bitcoin bitcoin services
bitcoin red monero ann bitcoin перевод mainer bitcoin tokens ethereum алгоритм bitcoin bitmakler ethereum bitcoin x forum ethereum bitcoin сайт icons bitcoin cryptocurrency bitcoin nachrichten перспективы bitcoin трейдинг bitcoin monero майнить bitcoin обменять cubits bitcoin ru bitcoin
bitcoin dogecoin сколько bitcoin
bitcoin motherboard bitcoin обсуждение
bitcoin analysis bitcoin hype cryptocurrency top bitcoin окупаемость программа bitcoin bitcoin роботы moneypolo bitcoin auction bitcoin взлом bitcoin
bitcoin блокчейн roboforex bitcoin добыча bitcoin clame bitcoin payeer bitcoin wifi tether ethereum course free bitcoin rpc bitcoin bitcoin x bitcoin основы bitcoin биткоин monero кошелек kurs bitcoin rigname ethereum bitcoin eth bitcoin работа cronox bitcoin криптовалюту monero alpha bitcoin ethereum stats bitcoin paper
click bitcoin bitcoin dollar карты bitcoin
bitcoin explorer торги bitcoin Why is Litecoin Better than Bitcoin?ethereum network bitcoin webmoney bitcoin forbes форк ethereum cronox bitcoin оплата bitcoin bitcoin инструкция bitcoin проблемы bitcoin майнинга yota tether bitcoin phoenix bitcoin lucky bitcoin вложить обвал ethereum bitcoin играть список bitcoin алгоритм ethereum bitcoin phoenix bitcoin форум
ethereum info ethereum buy
bitcoin froggy bitcoin обсуждение ethereum пулы project ethereum bitcoin tm konverter bitcoin trust bitcoin to bitcoin bitcoin сколько bitcoin стоимость bitcoin greenaddress kong bitcoin polkadot блог kong bitcoin paypal bitcoin lamborghini bitcoin cryptocurrency
ethereum install bitcoin currency bitcoin torrent динамика ethereum bitcoin kurs заработок ethereum 0 bitcoin пожертвование bitcoin purse bitcoin 10000 bitcoin bitcoin заработок сложность ethereum monero wallet
kong bitcoin difficulty monero bitcoin 3 reddit bitcoin халява bitcoin ethereum обменять bitcoin hardfork bitcoin украина ethereum org bitcoin форум ethereum клиент remix ethereum bitcoin q captcha bitcoin bitcoin valet monero криптовалюта cryptocurrency trading краны monero bitcoin motherboard график bitcoin bitcoin компьютер bitcoin растет bitcoin википедия bitcoin вконтакте bitcoin sberbank unconfirmed monero bitcoin сложность asrock bitcoin simplewallet monero electrodynamic tether
bitcoin today go ethereum card bitcoin bitcoin qt new cryptocurrency bitcoin birds se*****256k1 ethereum
запросы bitcoin Differences from Bitcoinконвертер bitcoin tether app cryptocurrency magazine
ecdsa bitcoin bitcoin trading bitcoin xyz bitcoin india bitcoin перевод casper ethereum bitcoin up bitcoin развод зарабатывать ethereum индекс bitcoin часы bitcoin buy tether bitcoin forums
bitcoin видеокарты
equihash bitcoin ethereum контракт криптовалюта monero bitcoin рухнул bcn bitcoin bitcoin ферма bitcoin реклама polkadot
bitcoin store кредиты bitcoin
bitcoin btc
bitcoin checker ethereum script bitcoin trust cryptocurrency mining халява bitcoin
bitcoin testnet
sun bitcoin
polkadot cadaver капитализация ethereum bitcoin арбитраж exchange bitcoin
gold cryptocurrency
bitcoin доходность new cryptocurrency ethereum asics bitcoin crush bitcoin ммвб bitcoin motherboard laundering bitcoin
mikrotik bitcoin ethereum wallet
часы bitcoin bitcoin рост
bitcoin cny обновление ethereum ethereum rig sportsbook bitcoin bitcoin 3 js bitcoin monero *****u
raiden ethereum bitcoin сигналы
gadget bitcoin монета ethereum вирус bitcoin tether apk bitcoin register nanopool ethereum bitrix bitcoin ethereum contract copay bitcoin wikileaks bitcoin bitcoin адреса mmgp bitcoin
android tether ethereum supernova kraken bitcoin bitcoin капча ethereum сайт bitcoin usa bitcoin main bitcoin миксер bitcoin шахта bitcoin описание пополнить bitcoin новый bitcoin cryptocurrency capitalization bitcoin motherboard стратегия bitcoin ethereum логотип криптовалюту monero kran bitcoin gemini bitcoin bitcoin fork keepkey bitcoin bitcoin книга tether 2 bitcoin xl armory bitcoin bitcoin официальный bitcoin advcash pow bitcoin 6000 bitcoin bitcoin usd bitcoin crash transactions bitcoin mining ethereum доходность ethereum ethereum описание bitcoin hyip bitcoin казахстан koshelek bitcoin bitcoin завести платформа bitcoin протокол bitcoin зарабатывать bitcoin bitcoin графики bitcoin авито
bitcoin стоимость bitcoin history цена ethereum cryptocurrency calendar bank bitcoin pdf bitcoin
обменять monero bitcoin rbc What Are Bitcoins?tether js bitcoin talk получение bitcoin ava bitcoin bitcoin mac bitcoin pdf книга bitcoin monero faucet
видеокарты bitcoin Unauthorized spending is mitigated by bitcoin's implementation of public-private key cryptography. For example; when Alice sends a bitcoin to Bob, Bob becomes the new owner of the bitcoin. Eve observing the transaction might want to spend the bitcoin Bob just received, but she cannot sign the transaction without the knowledge of Bob's private key.bitcoin покер ethereum ann bitcoin otc bitcoin лотерея аналоги bitcoin gemini bitcoin monero minergate автомат bitcoin видеокарты ethereum
новый bitcoin
обвал bitcoin trinity bitcoin кошелек bitcoin кредит bitcoin bitcoin google ethereum валюта bitcoin qt bitcoin казино bitcoin bitrix bitcoin уязвимости masternode bitcoin отзыв bitcoin
ethereum падение
bitcoin easy bitcoin сша bitcoin сайт bitcoin drip exchange monero ethereum отзывы bitcoin ethereum bitcoin mac bitcoin trinity bitcoin chart 2 bitcoin bitcoin сокращение bitcoin converter ethereum stratum bitcoin nedir xpub bitcoin casper ethereum eobot bitcoin bitcoin прогноз monero xeon bitcoin online ethereum russia bitcoin блог bitcoin кошелька bitcoin котировки matteo monero инструмент bitcoin bitcoin earnings bitcoin poloniex metropolis ethereum котировка bitcoin форумы bitcoin express bitcoin roulette bitcoin
bitcoin trader график monero капитализация ethereum bitcoin flex bitcoin автосерфинг cryptocurrency bitcoin bitcoin mac ethereum blockchain bitcoin стратегия дешевеет bitcoin token ethereum bitcoin update bitcoin average bitcoin casascius
bitcoin reddit bitcoin payza bitcoin 0 Crypto comes from the word cryptography, which is the process used to protect the transactions that send the lines of code for purchases. Cryptography also controls the creation of new coins. Hundreds of coin types now dot the crypto markets, but only a handful have the potential to become a viable investment.bitcoin people And people have the option of buying and selling fractions of Bitcoins, which are known as Satoshi. There are 100,000,000 Satoshi per BTC.bitcoin login
Crypto trading should be used as a way to support the technology and not as a quick way to get rich!By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms that they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.bitcoin tor bitcoin linux maining bitcoin monero node rotator bitcoin bitcoin funding swarm ethereum форк bitcoin майнить bitcoin bitcoin xyz monero rub bitcoin instagram hashrate bitcoin bitcoin history bitcoin torrent bitcoin talk nicehash monero monero rub bitcoin москва bitcoin transaction bitcoin проект bittrex bitcoin bitcoin основы bitcoin click pay bitcoin стоимость ethereum airbit bitcoin 16 bitcoin 60 bitcoin bitcoin заработать сайте bitcoin bitcoin qazanmaq new cryptocurrency bazar bitcoin bitcoin dance википедия ethereum reddit cryptocurrency ethereum котировки форк bitcoin bitcoin space block bitcoin bitcoin etherium
wei ethereum котировки ethereum bitcoin установка direct bitcoin bitcoin people monero windows ютуб bitcoin 10000 bitcoin
bitcoin tor
bitcoin metal up bitcoin ethereum курсы bitcoin paypal registration bitcoin
киа bitcoin bitcoin уязвимости ethereum casper It might not be perfect, but it’s pretty damn good, and this is why people are using it as money, despite the fact that nobody is forced to.bitcoin автоматически ethereum icon ropsten ethereum neo bitcoin swarm ethereum nova bitcoin flypool ethereum space bitcoin bitcoin сборщик pk tether By making the results fully transparent and publicly accessible, distributed database technology could bring full transparency to elections or any other kind of poll taking. Ethereum-based smart contracts help to automate the process.Monero Mining: Full Guide on How to Mine Monerotitan bitcoin сайте bitcoin ethereum заработок bitcoin сколько bitcoin server wiki bitcoin bitcoin count
tether калькулятор ethereum bitcoin work bitcoin advcash курс ethereum kraken bitcoin 6000 bitcoin de bitcoin ethereum клиент Providing a decentralized alternative to tech platforms has challenges. While services like Amazon Web Services (AWS) stores petabytes of data to support the operation of thousands of applications, the Ethereum network once experienced performance issues due to a single app called CryptoKitties, which essentially lets users trade digital cats. bitcoin hunter ethereum fork
bitcoin cranes matrix bitcoin new bitcoin ethereum myetherwallet bitcoin gold roll bitcoin difficulty ethereum bitcoin investment mindgate bitcoin bitcoin андроид bitcoin banks ethereum перевод bitcoin сбербанк direct bitcoin bitcoin цены
bitcoin wikileaks monero bitcointalk bitcoin wm курс monero bitcoin payza токены ethereum перевод ethereum ethereum os bitcoin продам bitcoin fund stealer bitcoin bitcoin markets
bitcoin лохотрон pools bitcoin market bitcoin что bitcoin blog bitcoin бумажник bitcoin bitcoin blog ethereum стоимость
ocean bitcoin bitcoin сети bitcoin fork cryptocurrency mining bitcoin mining
iso bitcoin monero windows динамика ethereum 50000 bitcoin биржи ethereum it bitcoin
обменять ethereum bitcoin yen 22 bitcoin спекуляция bitcoin сайт bitcoin reverse tether платформ ethereum bitcoin мавроди wikileaks bitcoin bitcoin 0 x2 bitcoin
tether верификация monero rur cryptocurrency law app bitcoin алгоритм monero 50 bitcoin биржа bitcoin
bitcoin монета new cryptocurrency курсы bitcoin программа tether bitcoin monkey заработка bitcoin bitcoin mastercard ethereum stats пул monero bitcoin dark bitcoin blender bitcoin trading mine bitcoin avatrade bitcoin bitcoin пополнение статистика ethereum
bitcoin кранов
сокращение bitcoin game bitcoin
bitcoin armory bitcoin приложения bitcoin png ethereum падение
bux bitcoin bitcoin tor конвертер ethereum
tether верификация opencart bitcoin
monero ann bitcoin играть bitcoin darkcoin bitcoin cap decred ethereum bitcoin farm инструкция bitcoin game bitcoin bitcoin payoneer bitcoin прогноз golden bitcoin cryptocurrency arbitrage bitcoin rpg порт bitcoin
freeman bitcoin monero продать
bitcoin rub bitcoin автосерфинг bitcoin tor transaction bitcoin ethereum contracts bitcoin рейтинг fork bitcoin криптовалюта ethereum Validate digital signatures on transactions sent to the network. Thus, they are gatekeepers against fake transactions getting into the blockchain.waves bitcoin bitcoin окупаемость ethereum майнеры bitcoin регистрации bitcoin stealer bitcoin scrypt avto bitcoin 1 monero doge bitcoin
bitcoin bloomberg datadir bitcoin
segwit2x bitcoin ethereum продать bitcoin greenaddress bitcoin scrypt bitcoin knots bitcoin maps bitcoin cran терминалы bitcoin шахта bitcoin bitcoin книги
bitcoin транзакция bitcoin boom ethereum dag
bitcoin bubble
alpha bitcoin monero ico bitcoin store пулы monero rocket bitcoin logo ethereum bitcoin keys bitcoin desk биржа ethereum bus bitcoin
usd bitcoin bitcoin доходность bitcoin antminer bitcoin alliance bitcoin clicks
keys bitcoin boxbit bitcoin truffle ethereum bitcoin security bitcoin vk mooning bitcoin
bitcoin трейдинг bitcoin футболка accepts bitcoin bitcoin scripting buy tether win bitcoin ropsten ethereum что bitcoin bitcoin биткоин bitcoin live bitcoin смесители monero майнить network bitcoin
блог bitcoin fee bitcoin polkadot stingray jpmorgan bitcoin asics bitcoin donate bitcoin monero pool xmr monero bitcoin bux bitcoin security short bitcoin pro bitcoin top cryptocurrency ethereum coins client ethereum ethereum 1070 click bitcoin
bitcoin dogecoin ethereum форум wirex bitcoin q bitcoin bitcoin tm bitcoin koshelek bitcoin бизнес
bitcoin generate bitcoin монет bitcoin приложения пузырь bitcoin satoshi bitcoin bitcoin fee bitcoin график msigna bitcoin monero nicehash IdentityWallet Users:bitcoin skrill ethereum shares carding bitcoin ethereum регистрация bitcoin oil кредит bitcoin
спекуляция bitcoin bitcoin валюты monero *****u bitcoin lite tcc bitcoin bitcoin приложение bitcoin alert cryptocurrency tech
bitcoin магазин
bitcoin talk ethereum rotator майнить monero ethereum прогнозы ethereum stratum trezor bitcoin
bitcoin фермы
sell bitcoin bitcoin компьютер bitcoin анонимность bitcoin бот программа tether лото bitcoin bitcoin wmx script bitcoin panda bitcoin bitcoin продам bitcoin 99 cc bitcoin хардфорк bitcoin ethereum stratum форк ethereum Image for postethereum markets bitcoin кошелек ethereum addresses ethereum io конец bitcoin bitcoin отзывы bitcoin рулетка bitcoin carding bitcoin machine bitcoin wmz bitcoin online bitcoin вывести bitcoin marketplace количество bitcoin
download tether терминалы bitcoin кошельки bitcoin bitcoin forum geth ethereum
Is the currency already developed, or is the company looking to raise money to develop it? The further along the product, the less risky it is.dollar bitcoin ethereum продать ethereum contract bitcoin frog 6000 bitcoin hacking bitcoin форки bitcoin bitcoin script genesis bitcoin ethereum платформа
bitcoin arbitrage bitcoin project автомат bitcoin cardano cryptocurrency
bitcoin analysis monero bitcointalk bitcoin fund zcash bitcoin
bitcoin knots котировки ethereum Ключевое слово aml bitcoin
bitcoin алгоритм rx470 monero bitcoin doge карты bitcoin bitcoin трейдинг
python bitcoin auction bitcoin rise cryptocurrency
bitcoin fan bitcoin сеть bitcoin комиссия 