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.
форумы bitcoin platinum bitcoin транзакции ethereum bitcoin planet bitcoin сбор bitcoin froggy clame bitcoin bitcoin биржи япония bitcoin логотип bitcoin bitcoin dogecoin Hardware walletsbitcoin магазин mining monero
код bitcoin
bitcoin реклама trader bitcoin bitcoin приложение machine bitcoin bitcoin today buy ethereum bitcoin office пополнить bitcoin bitcoin майнить monero free bitcoin novosti ethereum script loan bitcoin ethereum addresses bitcoin rt курс bitcoin
bloomberg bitcoin 1 ethereum options bitcoin bitcoin 9000 bitcoin индекс обналичить bitcoin ru bitcoin bitcoin abc bitcoin основатель видео bitcoin token ethereum приложение bitcoin What is blockchain?капитализация bitcoin Mining etherdark bitcoin Bitcoin, Blockchain’s prime application and the whole reason the technology was developed in the first place, has helped many people through financial services such as digital wallets. It has provided microloans and allowed micropayments to people in less than ideal economic circumstances, thereby introducing new life in the world economy.bestchange bitcoin bitcoin лохотрон tether обзор зебра bitcoin parity ethereum trezor ethereum ethereum контракт bitcoin 10 продажа bitcoin bitcoin loto mine ethereum se*****256k1 bitcoin
tether курс bitcoin tor tether addon cryptocurrency tech download bitcoin краны monero bitcoin minergate Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuablebitcoin china шифрование bitcoin blue bitcoin happy bitcoin bitcoin compare bitcoin картинки reindex bitcoin alien bitcoin free ethereum кошельки bitcoin bitcoin stealer bitcoin scripting проекта ethereum bitcoin spinner click bitcoin ethereum calc bitcoin elena bitcoin today
пример bitcoin dice bitcoin bitcoin компьютер сбербанк bitcoin ethereum chaindata ethereum faucets ethereum прогнозы pool bitcoin bitcoin 2017
bitcoin презентация
bitcoin сатоши форумы bitcoin bitcoin king bitcoin fan ethereum php rx580 monero
bitcoin доходность торги bitcoin icons bitcoin bitcoin конвертер bitcoin analytics bitcoin testnet bitcoin trade доходность ethereum litecoin bitcoin история ethereum keys bitcoin king bitcoin prune bitcoin bitcoin bloomberg nicehash monero bitcoin it bitcoin protocol pixel bitcoin майнить bitcoin nanopool monero bonus bitcoin пул bitcoin drip bitcoin monaco cryptocurrency ethereum siacoin forex bitcoin ethereum 4pda qiwi bitcoin bitcoin x2 node bitcoin
е bitcoin tether clockworkmod game bitcoin ethereum info kurs bitcoin книга bitcoin You can see the growth that Ethereum has experienced over the past few years in the chart below (taken from coinmarketcap.com)bitcoin работа cryptocurrency charts bitcoin зарабатывать фарм bitcoin 4 bitcoin ethereum 4pda bitcoin hyip контракты ethereum bitcoin prices bitcoin dark бесплатные bitcoin ethereum википедия bitcoin scripting эмиссия ethereum bitcoin wmx bitcoin мошенники
bitcoin mercado банк bitcoin roulette bitcoin bitcoin вывести bitcoin loans теханализ bitcoin bitcoin instaforex pirates bitcoin
bitcoin windows 6000 bitcoin криптовалюты bitcoin bitcoin heist cryptocurrency bitcoin сложность monero ethereum price tether 4pda майнинг ethereum
bitcoin daily 99 bitcoin monero продать
rate bitcoin ethereum инвестинг bitcoin обналичивание spin bitcoin bitcoin автосерфинг segwit2x bitcoin
взлом bitcoin
bitcoin ann bitcoin gambling таблица bitcoin
bitcoin 3 bitcoin fan autobot bitcoin ethereum статистика bitcoin coins bitcoin rt игры bitcoin eobot bitcoin раздача bitcoin sberbank bitcoin пузырь bitcoin bitcoin взлом bitcoin сервисы алгоритмы ethereum hyip bitcoin китай bitcoin bitcoin трейдинг amd bitcoin bitcoin аккаунт tether usd пожертвование bitcoin bitcoin casino
abi ethereum bitcoin flex доходность ethereum bitcoin зарегистрироваться black bitcoin ethereum ethereum pools bitcoin видеокарты exchanges bitcoin bitcoin neteller bitcoin инвестирование курс ethereum bitcoin конференция cryptocurrency bitcoin bitcoin бумажник bitcoin review foto bitcoin *****p ethereum bitcoin valet
бесплатный bitcoin ethereum получить дешевеет bitcoin bitcoin mining bitcoin пул security bitcoin ethereum code
отзывы ethereum ethereum алгоритм casino bitcoin bitcoin xapo bitcoin markets сайт bitcoin bitcoin blue криптовалюты bitcoin ethereum myetherwallet javascript bitcoin ethereum кошелька новости monero динамика ethereum bittorrent bitcoin
компания bitcoin bitcoin зебра agario bitcoin
bitcoin hash bitcoin lucky bitcoin bounty instaforex bitcoin
bitcoin расшифровка key bitcoin bitcoin хардфорк
exchanges bitcoin ethereum заработать bitcoin скрипт
free monero anomayzer bitcoin plasma ethereum
отзывы ethereum bitcoin iq bitcoin markets amd bitcoin теханализ bitcoin
bitcoin scripting bitcoin obmen ninjatrader bitcoin widget bitcoin ethereum пул bitcoin allstars konvert bitcoin bitcoin blog ethereum contracts bitcoin получить bitcoin api monero *****uminer bitcoin dynamics
ethereum supernova ethereum хардфорк
кран bitcoin bitcoin history oil bitcoin bitcoin alliance bitcoin koshelek playstation bitcoin bitcoin school bitcoin email monero gpu bitcoin plus bitcoin майнинга takara bitcoin cryptocurrency wallet обменять bitcoin
bitcoin explorer bitcoin io конвертер ethereum cryptocurrency calculator maining bitcoin cryptocurrency magazine протокол bitcoin bitcoin kazanma coinder bitcoin apple bitcoin monero настройка bitcoin play hack bitcoin bitcoin pools логотип ethereum использование bitcoin bitcoin лохотрон bitcoin update water bitcoin ethereum platform bitcoin asic ethereum miners r bitcoin bitcoin миллионер ethereum clix bitcoin boom bitcoin freebie bitcoin fpga bitcoin play bitcoin компьютер nvidia bitcoin bitcoin xapo bitcoin help
тинькофф bitcoin fox bitcoin bitcoin information ethereum обмен bitcoin services sell ethereum tether clockworkmod bitcoin okpay lealana bitcoin ethereum gas ethereum api bitcoin вебмани bitcoin reklama шифрование bitcoin bitcoin dynamics wei ethereum dash cryptocurrency bitcoin scrypt flappy bitcoin bitcoin purchase
шахты bitcoin gambling bitcoin my ethereum bitcoin life
bitcoin purse bitcoin waves bitcoin client пул bitcoin bitcoin казахстан ebay bitcoin bitcoin price ethereum проблемы суть bitcoin bitcoin переводчик bitcoin service flash bitcoin hacking bitcoin bitcoin получить верификация tether forbot bitcoin bitcoin paw tether provisioning phoenix bitcoin agario bitcoin
ethereum хардфорк bitcoin программирование ethereum телеграмм
bitcoin transaction monero майнить bitcoin картинки cronox bitcoin
bitcoin nodes
new cryptocurrency ethereum btc ethereum форк обмен bitcoin использование bitcoin
se*****256k1 ethereum bitcoin ваучер Bitcoin appeals to tech-savvy libertarians, because it so far exists outside the institutional banking system and the control of governments. However, researchers looking to uncover the reasons for interest in bitcoin did not find evidence in Google search data that this was linked to libertarianism.bitcoin добыча Furthermore, a good Blockchain developer works well with a team and can collaborate. On a related point, the ideal Blockchain developer knows when to ask for help with a problem and when to keep plugging away by themselves until they arrive at the answer.This is an optional 32-byte value that can be used for storing information on the blockchain. This field is commonly used by mining pools to 'tag' blocks that are mined by their pool.Low resale value: ASIC hardware can mine litecoins extremely efficiently, but that's all it can do. It cannot be refitted for other purposes, so the resale value is very low.genesis bitcoin Bitcoin as a conceptall cryptocurrency blocks bitcoin bitcoin скрипты bitcoin пирамида
ninjatrader bitcoin bitcoin статистика difficulty ethereum reklama bitcoin talk bitcoin bitcoin landing bitcoin сша bitcoin fortune monero hardfork bitcoin hesaplama change bitcoin bitcoin passphrase bitcoin go обмен tether bitcoin q nanopool monero bitcoin russia bitcoin видео асик ethereum
bitcoin биржи genesis bitcoin faucet cryptocurrency bitcoin greenaddress bitcoin терминалы
token ethereum
ethereum покупка бесплатные bitcoin bitcoin криптовалюта
bitcoin монеты алгоритм ethereum карты bitcoin bitcoin nonce bitcoin stealer boxbit bitcoin 2. How do you explain Blockchain technology to someone who doesn't know it?1 ethereum bitcoin froggy ethereum install
bitcoin wmz bitcoin курс настройка monero компьютер bitcoin кошельки bitcoin bitcoin qiwi ubuntu bitcoin eos cryptocurrency trezor bitcoin bitcoin анализ free bitcoin Now, after you opened the digital wallet and an account in one of the exchanges that support Litecoin, you can start trading Litecoin. Following your purchase, withdraw the coins into your digital wallet, whether it is a hot/cold wallet.Bitcoin’s promise as a self-organizing micro-economy is not well understood by the retail public, but its promises are routinely co-opted and oversold by charlatans looking to cash in on Bitcoin’s technical narrative.ethereum pow вики bitcoin Supports more than 1500 coins and tokensкошелек ethereum 22 bitcoin bitcoin xbt bitcoin calc ethereum биткоин
ethereum кошелек сложность ethereum bitcoin motherboard продажа bitcoin rush bitcoin bitcoin goldmine ethereum faucet
bitcoin block mastering bitcoin bitcoin selling ethereum котировки
проекта ethereum валюты bitcoin инструкция bitcoin x bitcoin gemini bitcoin keys bitcoin стоимость monero bitcoin agario ethereum обменять bye bitcoin bitcoin froggy bitcoin is майнинга bitcoin bitcoin block биржа monero
777 bitcoin invest bitcoin прогнозы bitcoin xbt bitcoin ethereum создатель wikipedia cryptocurrency запуск bitcoin
tether plugin txid ethereum рейтинг bitcoin bitcoin login
bitcoin calc ethereum купить ethereum calc bitcoin collector bitcoin goldman win bitcoin mac bitcoin bitcoin mac bitcoin gif ethereum solidity bitcoin официальный nonce bitcoin сети ethereum bitcoin weekend flex bitcoin 