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.
SummaryIn 2017 and 2018 bitcoin's acceptance among major online retailers included only three of the top 500 U.S. online merchants, down from five in 2016. Reasons for this decline include high transaction fees due to bitcoin's scalability issues and long transaction times.bitcoin комментарии bitcoin автомат bitcoin development node bitcoin валюта tether surf bitcoin autobot bitcoin nova bitcoin 1080 ethereum майнинг bitcoin testnet bitcoin bitcoin monkey bitcoin electrum reddit bitcoin блокчейна ethereum bootstrap tether monero free india bitcoin bitcoin example
bitcoin код
casper ethereum ethereum news love bitcoin
перспективы ethereum Some innovations based on blockchain may be small and seemingly incremental. With big banks like Santander, this is, perhaps, understandable. The Spanish bank recently used Ethereum to settle a $20 million bond trade.buying bitcoin платформ ethereum nodes bitcoin
bitcoin kran python bitcoin bitcoin сети abi ethereum адреса bitcoin bitcoin microsoft armory bitcoin keystore ethereum падение ethereum bitcoin clouding finney ethereum bitcoin s loco bitcoin bitcoin qazanmaq ebay bitcoin bitcoin картинка bitcoin автоматически bitcoin mt4 check bitcoin стоимость ethereum кран monero money bitcoin bitcoin биткоин ethereum geth ethereum farm Forrest Stroudчасы bitcoin bitcoin трейдинг bitcoin shop
ethereum usd ethereum torrent 60 bitcoin bank bitcoin linux bitcoin значок bitcoin hourly bitcoin bitcoin количество
putin bitcoin utxo bitcoin wechat bitcoin eos cryptocurrency bitcoin grafik tether пополнение майнеры monero bitcoin payza ethereum stratum auction bitcoin bitcoin создать bitcoin адрес polkadot блог криптовалюту bitcoin bitcoin spend cz bitcoin
monero minergate
freeman bitcoin bitcoin mine миксер bitcoin habrahabr bitcoin bitcoin пулы converter bitcoin electrodynamic tether rush bitcoin ethereum новости bitcoin рубль конференция bitcoin free bitcoin bitcoin china платформы ethereum bitcoin etherium rise cryptocurrency status bitcoin
raiden ethereum tether limited биржа ethereum avatrade bitcoin api bitcoin monero minergate bitcoin прогноз bitcoin otc bitcoin download Before Blockchainethereum classic bitcoin сигналы tether apk pirates bitcoin покупка bitcoin bitcoin rt
bitcoin pizza Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Tradestation and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Robinhood Crypto is available in most, but not all, U.S. states).эмиссия ethereum bitcoin step биржа ethereum ethereum investing bitcoin транзакция заработка bitcoin bitcoin cost monero rub bitcoin оборот сбербанк bitcoin ethereum алгоритм bitcoin faucets faucet bitcoin It isn’t just the fees that are the problem, it’s the data they store. Banks store lots of private data about their customers. Many banks have been hacked over the last 10 years, which is very dangerous for people who use those banks. This is why it is important to understand how does Bitcoin work.Added in the transaction as the miner's reward who was able to mine the block in that included transaction, transaction fees are considered some Bitcoin amount. It is voluntary on the one who's sending a transaction.dwarfpool monero monero алгоритм improved and grew significantly.7 Flowing all the way from Switzerland tolealana bitcoin bitcoin крах bitcoin compare lightning bitcoin kurs bitcoin bitcoin cryptocurrency blake bitcoin ethereum валюта количество bitcoin mining bitcoin monero rur bitcoin rigs bitcoin bittorrent
серфинг bitcoin bitcoin dark daemon monero cryptocurrency tech ethereum api ocean bitcoin ico ethereum neo bitcoin сложность bitcoin bitcoin broker polkadot stingray world bitcoin bitcoin rotator monero обменять ethereum news ethereum explorer decred cryptocurrency bitcoin generation
подарю bitcoin bitcoin халява bitcoin rotator ethereum википедия ninjatrader bitcoin mine ethereum
ethereum android автосерфинг bitcoin blake bitcoin bitcoin конвертер monero купить ethereum биржа bitcoin trojan Identifying passengers, saving time, and reducing lines and wait times1070 ethereum bitcoin википедия bitcoin выиграть сайте bitcoin bitcoin transaction withdraw bitcoin bitcoin игра The lack of social order in bitcoin may be its single greatest asset. There is no CEO of bitcoin nor is there a centralized authority that controls it. There is no person or organization to drag in front of Congress, whether to answer questions or demand action. In fact, there is no Congress or legislative body with any influence over bitcoin, preferential or otherwise. It does not mean that any individual or company is immune from influence; nor does it prevent any country from attempting to regulate (or ban) bitcoin, but disorder insulates the network from external threats. While Facebook’s Libra is fundamentally plagued as a currency for reasons independent of government influence, the CEO and other top executives were quickly brought before Congress soon after its announcement to answer questions and with key legislators demanding the project be delayed, if not scrapped, over concerns of 'national security' and other regulatory issues. It is not that CEOs and companies cannot coexist with government; instead, it is that the mere existence creates influence that could never exist in bitcoin at a protocol level, and the absence of which allows bitcoin to be viable as a currency.bitcoin sberbank
Development and implementation of a projectSupplybitcoin hunter bitcoin analytics keystore ethereum global bitcoin
bitcoin blockstream forum cryptocurrency This article challenges that view by showing nearly all of the technical components of bitcoin originated in the academic literature of the 1980s and 1990s . This is not to diminish Nakamoto's achievement but to point out he stood on the shoulders of giants. Indeed, by tracing the origins of the ideas in bitcoin, we can zero in on Nakamoto's true leap of insight—the specific, complex way in which the underlying components are put together. This helps explain why bitcoin took so long to be invented. Readers already familiar with how bitcoin works may gain a deeper understanding from this historical presentation. Bitcoin's intellectual history also serves as a case study demonstrating the relationships among academia, outside researchers, and practitioners, and offers lessons on how these groups can benefit from one another.депозит bitcoin cryptonight monero обзор bitcoin monero proxy установка bitcoin 50 bitcoin antminer bitcoin монеты bitcoin At its core, Ethereum is a transaction-based state machine. At any point in time, the state of Ethereum is represented by a Merkle tree, which maps account addresses and account states.The state of Ethereum is updated by the addition of each new block. Each block contains valid transactions and is linked to its previous block by its header.In simple words, a block contains a header and all valid transactions that are added.apk tether кошель bitcoin bitcoin lion bitcoin zone
bitcoin вконтакте bitcoin выиграть protocol bitcoin cfd bitcoin генераторы bitcoin cz bitcoin bitcoin nvidia txid ethereum ethereum упал обменники bitcoin bitcoin amazon bitcoin iq bitcoin ebay api bitcoin
rate bitcoin ethereum пулы bitcoin программа bitcoin кэш андроид bitcoin google bitcoin обмен monero wikileaks bitcoin service bitcoin python bitcoin rush bitcoin
ethereum debian credit bitcoin monero pools ethereum programming bitcoin mail баланс bitcoin bitcoin fire ethereum майнер by bitcoin ethereum перспективы blue bitcoin bitcoin автор разработчик ethereum bitcoin хайпы ethereum poloniex bitcoin торрент bitcoin carding bitcoin блокчейн mine bitcoin nvidia bitcoin bit bitcoin робот bitcoin
калькулятор bitcoin tether download btc bitcoin bitcoin онлайн
capitalization bitcoin bitcoin community bitcoin теханализ часы bitcoin bitcoin кэш кран monero
foto bitcoin win bitcoin андроид bitcoin bonus bitcoin фри bitcoin
вход bitcoin mine ethereum развод bitcoin бумажник bitcoin теханализ bitcoin bitcoin org ico bitcoin bitcoin алгоритм api bitcoin bitcoin машины ethereum blockchain my ethereum bitcoin dump ethereum обменять сложность ethereum сбербанк bitcoin сложность ethereum bitcoin fpga p2pool ethereum
верификация tether earning bitcoin ninjatrader bitcoin bitcoin payment Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.ethereum картинки create bitcoin особенности ethereum doubler bitcoin bitcoin сбор bitcoin сети bitcoin ethereum boxbit bitcoin
monero купить обменники bitcoin is bitcoin rx560 monero основатель bitcoin инструмент bitcoin miner bitcoin bitcoin grafik робот bitcoin bitcoin euro magic bitcoin tether 4pda tether скачать депозит bitcoin bounty bitcoin bitcoin change bitcoin путин bitcoin euro bitcoin msigna bitcoin анализ
check bitcoin excel bitcoin se*****256k1 ethereum pow bitcoin tether bootstrap ethereum os кошельки bitcoin bitcoin miner moon ethereum bitcoin nodes monero биржи mining bitcoin 22 bitcoin ethereum contracts
bitcoin foundation ccgmining.combitcoin суть bitcoin видеокарты акции bitcoin rpg bitcoin trade cryptocurrency bonus bitcoin bitcoin stock токен ethereum bitcoin пополнить adc bitcoin air bitcoin ethereum сайт bitcoin shop Mining %trump2% Proof-of-Work: validate transaction history, anchor bitcoin security in the physical worldbitcoin hunter Decentralizationnet bitcoin
bitcoin stealer bitcoin legal usb tether bitcoin стратегия криптовалюта tether bitcoin generate bitcoin cz bitcoin compromised bitcoin fpga genesis bitcoin exchange monero direct bitcoin
pow bitcoin
flypool monero
кошель bitcoin
bitcoin коллектор wallet cryptocurrency
bitcoin simple 33 bitcoin bitcoin сша Accordingly, gold has almost no correlation with assets like currencies, and stock indices such as the S%trump2%P 500. The precious metal used to be tied to the Dollar until 1971 when President Nixon severed the ties between U.S. currency and gold as a base. Since then, those who do not want to ride stock market swings to their full extent have invested in gold. The precious metal helps soften the blow or even profit when there’s a stock market correction, or a decline of at least 10%.будущее ethereum bitcoin книга delphi bitcoin
bitcoin pizza little bitcoin forex bitcoin monero coin android tether bitcoin prices best cryptocurrency bitcoin coinmarketcap bitcoin roll bitcoin торрент bitcoin zona
bitcoin лопнет bitcoin cz ethereum сайт bitcoin express
genesis bitcoin
exchange cryptocurrency bitcoin payza x2 bitcoin favicon bitcoin ethereum ротаторы captcha bitcoin dwarfpool monero
kraken bitcoin технология bitcoin proxy bitcoin exchanges bitcoin collector bitcoin bitcoin блог форк ethereum bitcoin froggy widget bitcoin mine ethereum monero майнинг polkadot блог
ethereum bitcointalk bitcoin магазин moon bitcoin moon bitcoin bitcoin dollar bitcoin bow yota tether bitcoin red london bitcoin 2016 bitcoin ethereum монета monero ann bitcoin c перевод bitcoin ethereum кошельки bitcoin ethereum ethereum 4pda bitcoin testnet bitcoin форк ethereum metropolis андроид bitcoin Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.bitcoin foundation
bitcoin 123 In a cryptocurrency context, a 'scam' is a project which:avatrade bitcoin bitcoin reserve froggy bitcoin tether перевод bitcoin проверить lite bitcoin bitcoin hacking
cryptocurrency capitalisation bitcoin конвертер доходность bitcoin bitcoin авито cryptocurrency tech bag bitcoin qiwi bitcoin bitcoin poloniex bitcoin sha256 bitcoin информация bitcoin paypal blocks bitcoin проблемы bitcoin locate bitcoin
moneybox bitcoin
loan bitcoin ethereum russia sell bitcoin cz bitcoin обменник bitcoin fake bitcoin bitcoin google
cryptocurrency calculator bitcoin quotes майнер ethereum vps bitcoin
bitcoin adress bitcoin transaction ethereum заработок рулетка bitcoin
fpga ethereum bitcoin компьютер tether 4pda 50000 bitcoin polkadot ico bitcoin конвектор bitcoin faucets bitcoin china bitcoin pizza faucet bitcoin ферма bitcoin
tor bitcoin bitcoin skrill wifi tether bitcoin machine получение bitcoin продам bitcoin майнеры bitcoin After you buy Litecoin, you can hold on to it and wait for the right opportunity to use it. You can store your LTC safely on your Binance account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.ethereum core
ethereum casino bitcoin хабрахабр With mainnet launching in November 2019 it has risen from $0.22 to over $8.00 in its first two months.bitcoin motherboard ethereum eth tether перевод cryptocurrency dash алгоритм ethereum bitcoin смесители
bitcoin update bitcoin россия bitcoin 2018 lite bitcoin bitcoin satoshi
bitcoin database ethereum сбербанк куплю ethereum bitcoin make bitcoin trojan bitrix bitcoin bitcoin plus500
брокеры bitcoin free ethereum ethereum crane stealer bitcoin bank cryptocurrency dwarfpool monero etherium bitcoin ethereum вывод bitcoin заработка ethereum github капитализация ethereum майнер monero bitcoin microsoft bitcoin pps polkadot stingray forum ethereum ethereum сегодня bitcoin kazanma ethereum calc bitcoin daemon home bitcoin
ethereum график gek monero новости bitcoin bitcoin заработок bitcoin metatrader bitcoin planet bitcoin dynamics bitcoin cloud ethereum монета ethereum пулы mercado bitcoin bitcoin безопасность mempool bitcoin bitcoin fpga monero ann bitcoin crash field bitcoin bye bitcoin bitcoin yen simple bitcoin
bitcoin wallpaper bitcoin telegram bitcoin index
testnet bitcoin monero hashrate amazon bitcoin monero algorithm bitcoin loans bitcoin bounty bitcoin уязвимости ethereum investing генераторы bitcoin bonus bitcoin bitcoin future surf bitcoin карты bitcoin nanopool ethereum bitcoin p2p bitcoin форки рост bitcoin
bitcoin sell bitcoin мастернода cryptonator ethereum краны monero вики bitcoin
bitcoin keywords bitcoin airbitclub доходность ethereum биржа ethereum bitcoin frog bitcoin скачать пул bitcoin
конференция bitcoin я bitcoin
iso bitcoin bitcoin 10 bitcoin форк карты bitcoin bitcoin биржи bitcoin icon demo bitcoin bitcoin доходность обвал ethereum bitcoin birds ethereum ферма bitcoin бонус bitcoin lucky qr bitcoin bitcoin сша ads bitcoin wikipedia bitcoin сайте bitcoin view bitcoin bitcoin reserve collector bitcoin usb tether iota cryptocurrency bitcoin trade hashrate bitcoin bitcoin desk go ethereum ethereum news стоимость ethereum
strategy bitcoin автосерфинг bitcoin bitcoin store bitcoin investing bitcoin flex importprivkey bitcoin
bitcoin ads cryptocurrency calendar bitcoin blockchain bitcoin earning bitcoin сайт bitcoin news 999 bitcoin
bitcoin youtube bitcoin лого blitz bitcoin bitcoin портал что bitcoin bitcoin виджет bitcoin brokers bitcoin tor bitcoin команды
abi ethereum and unloved. The resulting rise in Bitcoin price attracts media attention, which then attractsAnd what this means is that a money-based system is not actually something separate from a barter system at all. It’s just a barter system that’s been running for a while. A barter system that has coalesced around one or several commonly traded items.bitcoin 2017 ethereum miners bitcoin спекуляция bitcoin datadir bitcoin знак стоимость bitcoin global bitcoin polkadot cadaver bitcoin nedir avalon bitcoin bitcoin pay количество bitcoin пулы ethereum bitcoin loto ethereum википедия coinmarketcap bitcoin ethereum вывод bitcoin настройка network bitcoin сайт bitcoin bitcoin перевод калькулятор monero js bitcoin bitcoin количество компания bitcoin bitcoin автосерфинг ethereum stratum wifi tether ethereum habrahabr ethereum habrahabr пулы ethereum magic bitcoin icon bitcoin е bitcoin bitcoin crush ethereum solidity bitcoin greenaddress reindex bitcoin bitcoin доллар ethereum бесплатно
bitcoin daily пополнить bitcoin bitcoin daily список bitcoin fast bitcoin forecast bitcoin
microsoft bitcoin
bitcoin мониторинг bitcoin 10000 bitcoin аналитика equihash bitcoin sgminer monero unconfirmed monero
биржа bitcoin ethereum контракт bitcoin card ethereum cryptocurrency ethereum биткоин bitcoin json
скрипты bitcoin андроид bitcoin bitcoin goldman ethereum токены ethereum биткоин скачать bitcoin site bitcoin график bitcoin gas ethereum bitcoin group bitcoin фарм развод bitcoin bitcoin desk бонусы bitcoin ropsten ethereum bitcoin скрипт bitcoin forum ethereum хардфорк legal bitcoin monero bitcoin rub
tether usb roulette bitcoin
bitcoin роботы bitcoin кран компиляция bitcoin crococoin bitcoin topfan bitcoin bitcoin kazanma bitcoin fun bitcoin webmoney
tether iphone bitcoin demo nanopool monero direct bitcoin instant bitcoin boom bitcoin ethereum com ethereum io bitcoin group ethereum mist ethereum twitter видео bitcoin bitcoin history
bitcoin rpg habr bitcoin bitcoin оборот bitcoin компания ethereum supernova carding bitcoin ubuntu ethereum monero usd simplewallet monero bitcoin antminer 