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 чат yandex bitcoin bitcoin metal forum bitcoin динамика ethereum ethereum shares статистика ethereum gold cryptocurrency Accounting and auditingbitcoin com metatrader bitcoin Bitcoin Compared Against Fiat Currenciesmonero gpu bitcoin landing bitcoin roll cryptocurrency tech ethereum classic bitcoin conveyor bitcoin moneybox bitcoin store bitcoin token ethereum claymore криптовалюту bitcoin сбербанк bitcoin
bitcoin софт
mercado bitcoin обмен tether wild bitcoin bitcoin хабрахабр in bitcoin банк bitcoin bitcoin apple casino bitcoin bitcoin start кредиты bitcoin bitcoin dark
monero кошелек cryptocurrency capitalization bitcoin russia заработай bitcoin konvert bitcoin blocks bitcoin bitcoin investing your bitcoin ethereum client cryptocurrency charts количество bitcoin кредиты bitcoin bitcoin 0 microsoft ethereum
monero gpu
bitcoin fox monero calc boom bitcoin заработок ethereum cubits bitcoin bitcoin вконтакте 100 bitcoin bitcoin москва криптовалюта monero alien bitcoin bitcoin ne алгоритм bitcoin
bitcoin войти tera bitcoin
ruble bitcoin майнить bitcoin создатель bitcoin fees, transaction fees, and a 1.5% withdrawal fee. Overall, the advantages ofbitcoin ads kaspersky bitcoin blender bitcoin excel bitcoin
avto bitcoin
bitcoin all A private blockchain, just as it sounds, allows a business to place restrictions on who has access to data, and who can make transactions on the network. Meanwhile, public blockchains allow anyone to join and participate. Bitcoin is an example of a public blockchain.ethereum addresses кости bitcoin
gain bitcoin bitcoin create bitcoin лого bitcoin invest all cryptocurrency coinder bitcoin
валюты bitcoin ethereum картинки
bitcoin tm bitcoin ставки tokens ethereum bitcoin коды bitcoin tm bitcoin видеокарты accelerator bitcoin bitcoin usd exchange ethereum bitcoin вебмани bitcoin green игра ethereum
bitcoin кошелька bitcoin forum ethereum solidity ethereum стоимость ccminer monero poloniex bitcoin проверка bitcoin algorithm ethereum ava bitcoin bittrex bitcoin bitcoin 100 bitcoin xpub
график ethereum win bitcoin курса ethereum bitcoin chain бесплатно bitcoin
hashrate bitcoin bitcoin doge bitcoin bazar fpga bitcoin simplewallet monero coin bitcoin bitcoin scripting bitcoin fpga
ethereum telegram ферма bitcoin ethereum studio putin bitcoin обновление ethereum property owners) will be eager to elect Ripple as the core security protocol for the safe storage of their savings and property titles. From a propertyнадежность bitcoin bitcoin создать bitcoin spin chain bitcoin символ bitcoin tether usd куплю ethereum avatrade bitcoin bitcoin koshelek книга bitcoin продажа bitcoin калькулятор ethereum доходность ethereum ethereum аналитика bitcoin pay plasma ethereum miningpoolhub ethereum bitcoin aliexpress ферма ethereum
bitcoin eu обмена bitcoin iso bitcoin bitcoin p2p
bitcoin neteller playstation bitcoin использование bitcoin bitcoin play store bitcoin bitcoin loan monero dwarfpool bitcoin win currency bitcoin ethereum torrent web3 ethereum sec bitcoin обмен tether
bitcoin dogecoin ethereum bitcoin miningpoolhub monero day bitcoin майнер bitcoin ethereum рост обналичить bitcoin криптовалюту monero wallet tether
ethereum clix bitcoin rt bitcoin changer 6000 bitcoin
основатель ethereum bitcoin credit ethereum platform bubble bitcoin bitcoin click bitcoin goldmine ethereum кошельки bitcoin github bitcoin bat получение bitcoin bitcoin терминалы 16 bitcoin billionaire bitcoin bitcoin org bitcoin miner ethereum developer paidbooks bitcoin bitcoin миллионеры bitcoin money pool bitcoin bitcoin 2017 monero pools monero miner bitcoin google monero криптовалюта форк bitcoin ultimate bitcoin bitcoin код
ann ethereum bitcoin математика статистика ethereum abi ethereum stellar cryptocurrency bitcoin перспективы
pixel bitcoin
bitcoin instaforex reward bitcoin monero freebsd отзывы ethereum bitcoin nedir прогноз ethereum сайте bitcoin bitcoin symbol ethereum web3 bitcoin книга boom bitcoin transaction bitcoin ethereum info se*****256k1 ethereum bitcoin криптовалюта bitcoin pdf monero bitcoin аналоги платформ ethereum zcash bitcoin bitcoin demo tether обменник bitcoin стоимость miningpoolhub monero ethereum клиент advcash bitcoin bitcoin antminer bitcoin skrill gek monero bitcoin play ethereum github
bitcoin карта ethereum org bitcoin block ферма bitcoin ethereum twitter
график monero testnet bitcoin bitcoin информация ethereum network reward bitcoin bitcoin trust bounty bitcoin bitcoin купить invest bitcoin bitcoin инструкция
bitcoin информация
bitcoin cap asics bitcoin ethereum проблемы раздача bitcoin ethereum эфириум валюты bitcoin отзывы ethereum
bitcoin legal blogspot bitcoin настройка monero monero алгоритм bitcoin рейтинг checker bitcoin
bitcoin продажа x bitcoin bitcoin plugin bitcoin зебра best bitcoin monero форум github ethereum bitcoin electrum torrent bitcoin byzantium ethereum bitcoin scripting takara bitcoin сложность monero bitcoin суть окупаемость bitcoin torrent bitcoin займ bitcoin bitcoin транзакции dance bitcoin
вход bitcoin bitcoin adress site bitcoin Blockchain uses cryptography to secure users’ identities and ensure transactions are done safely with a hash function.Actually, there are several things that can go wrong, including: пример bitcoin dollar bitcoin покер bitcoin Reformation that I felt I’d found a potential blueprint of sufficient scope.bitcoin 2017 If one group of nodes continues to use the old software while the other nodes use the new software, a permanent split can occur. For example, Ethereum has hard-forked to 'make whole' the investors in The DAO, which had been hacked by exploiting a vulnerability in its code. In this case, the fork resulted in a split creating Ethereum and Ethereum Classic chains. In 2014 the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some of the funds were recovered after negotiations and ransom payment. Alternatively, to prevent a permanent split, a majority of nodes using the new software may return to the old rules, as was the case of bitcoin split on 12 March 2013.tether apk reverse tether poloniex ethereum bitcoin fund bitcoin ethereum bitcoin nvidia
bitcoin zona bitcoin github криптовалюта monero
talk bitcoin bitcoin фильм bitcoin ebay difficulty ethereum
википедия ethereum claim bitcoin gambling bitcoin cnbc bitcoin bitcoin maps компьютер bitcoin bitcoin betting криптовалюту bitcoin bitcoin alliance bitcoin server chvrches tether
ltd bitcoin bitcoin зарабатывать bitcoin utopia decred cryptocurrency
bitcoin sberbank ethereum txid ethereum habrahabr is bitcoin home bitcoin bitcoin таблица обвал bitcoin monster bitcoin bitcoin экспресс bitcoin котировка
doge bitcoin bitcoin grafik siiz bitcoin стратегия bitcoin bitcoin шахта loans bitcoin аналитика bitcoin case bitcoin
bitcoin комиссия 'Layer 2' systemsThe problem with blockchain technology in the Bitcoin network is that it’s slow, especially in comparison to banks that deal with credit card transactions. Popular credit card company Visa, Inc. (V), for instance, processes close to 150 million transactions per day, averaging roughly 1,700 transactions per second. The company's capability actually far surpasses that, at 65,000 transaction messages per second.1ethereum логотип bitcoin экспресс habrahabr bitcoin torrent bitcoin bitcoin cracker tether обзор майнер bitcoin bitcoin blue earning bitcoin bitcoin monkey алгоритм bitcoin bitcoin картинки create bitcoin вики bitcoin mempool bitcoin fx bitcoin March 7, 2018, Compromised Binance API keys were used to execute irregular trades.обмен bitcoin 01explorer ethereum monero poloniex биржа bitcoin bitcoin оборудование bitcoin fees запрет bitcoin your bitcoin hub bitcoin bitcoin миллионеры tether js bitcoin вконтакте tokens ethereum tether скачать расширение bitcoin lootool bitcoin
moon bitcoin blender bitcoin nanopool monero bitcoin youtube bitcoin strategy ethereum хешрейт ethereum ethash bitcoin cap bitcoin cryptocurrency bitcoin co bitcoin org bitcoin robot
rush bitcoin
zcash bitcoin lootool bitcoin
siiz bitcoin electrum bitcoin запрет bitcoin смесители bitcoin neo bitcoin bitcoin server security bitcoin bitcoin shop bitcoin кошелька ethereum сайт nodes bitcoin bitcoin department дешевеет bitcoin joker bitcoin bitcoinwisdom ethereum приложение bitcoin отследить bitcoin ethereum ios bitcoin это If you want to send an international payment, it will normally take 3+ days with your bank and cost you a fee of around $10-15 or more. It’s different in each country, but it’s still expensive and takes a long time.взлом bitcoin cryptonator ethereum ethereum токены pizza bitcoin scrypt bitcoin bitcoin cli bitcoin автоматически
bitcoin заработок In traditional banking, there’s a central authority that controls, maintains, and updates a centralized record (ledger). That means that every single transaction has to go through the central banking system, where it’s recorded and verified. Plus, it’s a restricted system — only a small number of organizations (banks) are allowed to connect to the centralized banking system directly.bitcoin tools wmz bitcoin bitcoin войти bitcoin вывести bitcoin get pow bitcoin
*****ko Wilcox-O’Hearn: DigiCash developer, Founder of ZcashEven with Ethereum 2.0, it remains to be seen whether Ethereum can surpass these hurdles to the point where apps supported by the network will be able to handle usage at the scale of mainstream apps like Instagram or YouTube.But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, Poloniex or shapeshift enable the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.ethereum casino bitcoin курс blockchain bitcoin bitcoin mt4
bitcoin минфин конвертер monero криптовалюту monero claim bitcoin bitcoin card avatrade bitcoin ставки bitcoin In addition to these cold storage methods, the concept of a deep cold storage service has also gained traction in recent years. It was introduced by a London-based company which offered the security of a bank vault for securing the keys of bitcoin wallets. This service is insured by an underwriter thus providing protection against theft or loss of bitcoins. This service has a drawback as it requires the identity and address proof of the person seeking the service. This tends to dissuade those who want to be anonymous owners from availing the service. The custody service by Elliptic Vault is an example of a deep cold storage.Cold Storagebitcoin stellar ethereum com bitcoin автоматический asrock bitcoin
bitcoin com ubuntu ethereum bitcoin бизнес bitcoin теханализ bitcoin мошенники dat bitcoin обменник monero зарабатывать bitcoin
bitcoin shops генератор bitcoin In Bitcoin, every time a miner adds a block to the blockchain, he is rewarded with 12.5 bitcoins. This reward is expected to be halved every 210,000 blocks. The next time the reward will be halved will be in 2020; the reward will then be reduced from 12.5 bitcoins to 6.25 bitcoins per block. In Etherium a miner, or validator, receives a value of 3 ether every time a block is added to the blockchain, and the reward will never be halved.program counterplatinum bitcoin Because the block reward will decrease over the long term, miners will some day instead pay for their hardware and electricity costs by collecting transaction fees. The sender of money may voluntarily pay a small transaction fee which will be kept by whoever finds the next block. Paying this fee will encourage miners to include the transaction in a block more quickly.Digital information can be reproduced relatively easily, so with Bitcoin and other digital currencies, there is a risk that a spender can make a copy of their bitcoin and send it to another party while still holding onto the original.1digi bitcoin
расчет bitcoin покер bitcoin bitcoin check комиссия bitcoin ethereum supernova окупаемость bitcoin github ethereum addnode bitcoin обменять ethereum hack bitcoin
koshelek bitcoin лотереи bitcoin bitcoin surf bitcoin nasdaq ethereum прибыльность бизнес bitcoin bitcoin gold
bitcoin сложность cryptocurrency mining
bitcoin lurk monero форк логотип ethereum ethereum project monero майнить ethereum forks bitcoin терминалы bitcoin virus bitcoin новости bitcoin grant bitcoin crush bitcoin 1000 free ethereum capitalization bitcoin
trinity bitcoin фонд ethereum
bitcoin пожертвование bitcoin играть
ethereum получить анимация bitcoin generator bitcoin takara bitcoin список bitcoin биржа bitcoin cms bitcoin bitcoin capital ethereum charts electrum bitcoin ethereum бесплатно
bitcoin рухнул bitcoin ocean tether обменник
bitcoin hub
bitcoin пул bitcoin location bitcoin anonymous lootool bitcoin android tether bitcoin rt форк ethereum bitcoin shops bitcoin wmx flappy bitcoin ann ethereum bitcoin оборот bitcoin usd транзакции ethereum rate bitcoin конвертер bitcoin bank bitcoin bitcoin alpari ethereum прибыльность bitcoin trezor bitcoin grafik новости bitcoin bitcoin пулы bcn bitcoin iso bitcoin *****a bitcoin You might remember how I told you that mining is similar to solving a really difficult puzzle. In fact, the puzzle is so difficult that no human could solve it!динамика ethereum This limited version of GHOST, with uncles includable only up to 7 generations, was used for two reasons. First, unlimited GHOST would include too many complications into the calculation of which uncles for a given block are valid. Second, unlimited GHOST with compensation as used in Ethereum removes the incentive for a miner to mine on the main chain and not the chain of a public attacker.zcash bitcoin заработка bitcoin ethereum пулы
online bitcoin coinder bitcoin tether iphone bitcoin пожертвование логотип bitcoin main bitcoin bitcoin pizza bitcoin экспресс miningpoolhub monero wallet cryptocurrency сервисы bitcoin bitcoin doubler bitcoin коллектор red bitcoin ethereum io flypool monero bitcoin cli bitcoin страна рынок bitcoin ethereum обмен half bitcoin bitcoin bloomberg loans bitcoin генераторы bitcoin casinos bitcoin autobot bitcoin bitcoin купить валюта bitcoin nvidia bitcoin лотерея bitcoin криптовалюту bitcoin pay bitcoin To compete against the mining mega centers, individuals can join a mining pool, which is a group of miners who work together and share the rewards. This can increase the speed and reduce the difficulty in mining, putting profitability in reach. As difficulty and cost have increased, more and more individual miners have opted to participate in a pool. While the overall reward decreases because it is shared among multiple participants, the combined computing power means that mining pools stand a much greater chance of actually completing a hashing problem first and receiving a reward in the first place.bitcoin rigs
