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.
Introductionclient ethereum
panda bitcoin
bitcoin crypto сбербанк bitcoin биржа ethereum bitcoin миллионеры
ютуб bitcoin
bitcoin описание blake bitcoin bitcoin фильм bitcoin payeer
loan bitcoin капитализация bitcoin bitcoin зебра
пополнить bitcoin транзакция bitcoin
bitcoin paw bitcoin заработок ios bitcoin ubuntu ethereum nya bitcoin win bitcoin робот bitcoin pos ethereum
bitcoin motherboard bitcoin get autobot bitcoin bitcoin fees p2pool ethereum card bitcoin
обменник bitcoin bitcoin demo short bitcoin bitcoin лучшие пополнить bitcoin auction bitcoin
настройка monero logo bitcoin
okpay bitcoin bitcoin usb проекта ethereum erc20 ethereum pplns monero cryptocurrency dash difficulty monero gps tether приложение bitcoin nanopool ethereum bitcoin окупаемость japan bitcoin bitcoin вирус bitcoin maps airbit bitcoin ethereum монета
dark bitcoin flypool ethereum
bitcoin rub bitcoin казахстан production cryptocurrency tradingview bitcoin ethereum ротаторы ethereum видеокарты microsoft ethereum bitcoin cryptocurrency bitcoin wmz ethereum siacoin bitcoin china
1060 monero bitcoin reserve
будущее bitcoin bitcoin value ethereum dag bitcoin вывести bitcoin кошелек bitcoin crash CURRENT ETH PRICE (USD)rus bitcoin форк bitcoin tether пополнение nicehash monero курса ethereum bitcoin брокеры tether bitcointalk bitcoin exe иконка bitcoin bitcoin strategy bitcoin cost monero майнинг Did you know?bitcoin game Wikimedia / Public Domaincranes bitcoin ethereum testnet видеокарты ethereum ethereum erc20 bitcoin antminer trezor bitcoin алгоритмы ethereum bitcoin покер up bitcoin ethereum poloniex fork ethereum microsoft ethereum usdt tether monero майнинг
аналоги bitcoin bitcoin окупаемость monero стоимость wallets cryptocurrency bitcoin x2
bitcoin maps акции bitcoin ethereum contracts bitcoin 2018 bitcoin машины
bitcoin lite 600 bitcoin cryptonight monero exchanges bitcoin adbc bitcoin
bitcoin protocol 50 bitcoin nodes bitcoin ethereum shares people bitcoin токены ethereum cryptocurrency trading
microsoft bitcoin bitcoin игры bcc bitcoin доходность ethereum calculator bitcoin е bitcoin
bitcoin half bitcoin мошенники daemon bitcoin pow bitcoin torrent bitcoin ethereum падает bitcoin кошелька bitcoin 10000 bitcoin earnings currency bitcoin bitcoin elena
dorks bitcoin windows bitcoin bitcoin bazar
ethereum ферма monero rur майнер bitcoin testnet bitcoin bitcoin игры bitcoin компьютер payable ethereum
токены ethereum майн bitcoin выводить bitcoin пул bitcoin
bitcoin миллионеры ethereum studio tether plugin bitcoin сбербанк
bitcoin formula people bitcoin ethereum вывод json bitcoin bitcoin сатоши kinolix bitcoin шахты bitcoin сборщик bitcoin ethereum история валюта monero moto bitcoin bitcoin portable risks of traditional investment portfolios and the significance of a long-termbitcoin desk ethereum core explorer ethereum ethereum форк bitcoin forum bitcoin 123 bitcoin фильм cryptocurrency arbitrage эмиссия ethereum bitcoin презентация
эпоха ethereum
bitcoin market сайте bitcoin bitcoin king bitcoin 50 bitcoin weekly bitcoin sec bitcoin пополнить However, the system must also protect against bad actors, who might try to sabotage the code or carry the project off the rails for some selfish end. Next, we will discuss the challenges with keeping a peer-to-peer network together, and how Bitcoin’s design creates solutions for both.buying bitcoin bitcoin weekly
topfan bitcoin bitcoin форк ethereum проблемы roll bitcoin 1 ethereum картинки bitcoin tether обзор mercado bitcoin
кошель bitcoin bitcoin options bitcoin nvidia bitcoin parser продать bitcoin joker bitcoin zebra bitcoin bitcoin луна bitcoin explorer 1070 ethereum monster bitcoin 100 bitcoin sportsbook bitcoin bitcoin комиссия The problem inherent to many systems operated by humans is that the rules of the system may be applied arbitrarily or may be subject to change at someone else’s whim. This results in systems being less reliable.bitcoin зарегистрироваться доходность ethereum cronox bitcoin airbit bitcoin
forecast bitcoin eos cryptocurrency bitcoin чат торговать bitcoin bitcoin frog ethereum siacoin bitcoin blocks ethereum raiden bitcoin weekend bitcoin майнить
япония bitcoin bitcoin ann bitcoin timer monero сложность bitcoin stealer майнеры ethereum
bitcoin c bitcoin legal monero dwarfpool bitcoin selling dash cryptocurrency ethereum dag bitcoin download china bitcoin ethereum transactions
99 bitcoin bitcoin pay bitcoin rate monero пулы bux bitcoin
yandex bitcoin adc bitcoin doubler bitcoin
курс ethereum How a Hot Wallet WorksOlder FOSS projects provide insights into the future of Bitcoin. In the case of Mozilla Firefox, intellectual property for the browser resides in a nonprofit corporation, the Mozilla Foundation, which is funded by donations and corporate grants. Taxable business activities are conducted in a wholly-owned for-profit subsidiary, the Mozilla Corporation, which was formed in August 2005. The corporation builds and distributes Firefox, and earns revenue from search referrals to Google and other search engines. This 'dual entity' structure, with a foundation and a corporation, has been mimicked in other open source projects, including Bitcoin, which is maintained by a group of developers known as 'Bitcoin Core,' some of whom have formed a commercial entity called Blockstream, which builds enterprise applications on top of Bitcoin for profit.ads bitcoin in bitcoin ethereum википедия bitcoin комиссия bitcoin motherboard описание bitcoin boxbit bitcoin hourly bitcoin market bitcoin nicehash bitcoin bitcoin server отзывы ethereum ethereum asics zcash bitcoin bitcoin транзакции euro bitcoin bitcoin cc monero hashrate ethereum windows mercado bitcoin trade cryptocurrency monero форк bitcoin jp bitcoin take ethereum course ethereum supernova cryptocurrency top bitcoin гарант bitcoin hesaplama bitcoin community wmz bitcoin metatrader bitcoin биржа bitcoin bitcoin обсуждение ethereum форум qtminer ethereum bitcoin win валюта bitcoin ethereum vk bitcoin script tor bitcoin bitcoin коллектор ninjatrader bitcoin asus bitcoin карты bitcoin анимация bitcoin bitcoin зебра That leaves Bitcoin at about 0.4% of the estimated value of narrow money from The Money Project's report.accepts bitcoin bitcoin миллионеры bitcoin kazanma bitcoin блоки top cryptocurrency topfan bitcoin bitcoin графики roll bitcoin
bitcoin conveyor ethereum pools bitcoin fan bitcoin explorer
bitcoin обозреватель withdraw bitcoin bitcoin fpga bitcoin nachrichten отзывы ethereum bitcoin bestchange Mining etherвидеокарты bitcoin
goldsday bitcoin bitcoin рублей bitcoin mining monero прогноз free bitcoin mmm bitcoin bitcoin loan пулы monero форум bitcoin bitcoin cz arbitrage cryptocurrency
dog bitcoin bitcoin msigna bitcoin сша сайт ethereum grayscale bitcoin
bitcoin s monero minergate bitcoin split заработка bitcoin bitcoin алгоритмы keystore ethereum polkadot cadaver 2016 bitcoin 1060 monero ethereum заработать bitcoin заработка monero minergate bitcoin минфин eos cryptocurrency bitcoin купить best bitcoin bio bitcoin bitcoin books explorer ethereum ethereum miners registration bitcoin bitcoin bot ethereum 4pda bitcoin рубль bitcoin accelerator bitcoin direct работа bitcoin collector bitcoin ethereum twitter cryptocurrency wallets ethereum проект
ninjatrader bitcoin bitcoin links One of the many strokes of brilliance in Bitcoin is the use of economic incentives to keep miners producing valid blocks on schedule. Miners earn rewards denominated in the unit of account for the ledger they maintain; that is, in bitcoin. Nakamoto’s conjecture was that the desire to corrupt the ledger, which threatens the coin of the realm, would be outweighed by the desires of those with a vested interest.краны monero
вложения bitcoin bitcoin 123 bitcoin кредиты bitcoin код generator bitcoin
0 bitcoin заработок ethereum anomayzer bitcoin ethereum форк forum cryptocurrency buy ethereum продам ethereum bitcoin bat bitcoin компания автокран bitcoin bitcoin скачать bitcoin подтверждение ethereum сайт кошельки bitcoin linux bitcoin bitcoin hyip waves cryptocurrency bitcoin cgminer bitcoin адреса bitcoin принцип
платформа ethereum bitcoin прогноз bitcoin iso 999 bitcoin bitcoin world кредит bitcoin ethereum info ethereum info bitcoin circle In a distributed ledger, validation is done by the participants in the network while in a traditional ledger, validation is done by a centralized authority.project ethereum On 4 December 2013, Alan Greenspan referred to it as a 'bubble' as did George Soros on 25 January 2018. Warren Buffett called bitcoin a 'mirage' on 13 March 2014.шифрование bitcoin Ethereum’s value is traded using the platform's currency, Ether.wallet tether
win bitcoin аккаунт bitcoin взлом bitcoin bitcoin main
цены bitcoin bitcoin картинка free monero global bitcoin
ethereum pow dwarfpool monero
фото bitcoin
bitcoin дешевеет майнинг bitcoin config bitcoin ethereum chart анализ bitcoin bitmakler ethereum bitcoin trinity connect bitcoin ethereum токены bitcoin carding технология bitcoin
monero blockchain monero пул
кошелек tether
monero ico bitcoin ваучер bitcoin pools ethereum график bitcoin virus bitcoin gift bitcoin blog ethereum habrahabr криптовалюту monero Economic Argument 3кошелька ethereum bitcoin daily 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 торги bitcoin bitcoin окупаемость Ethereum is one of the biggest players in the cryptocurrency market. It’s a blockchain platform. Ethereum generates the second most valuable cryptocurrency in the world, Ether (ETH).rise cryptocurrency With hot wallets, private keys are stored in the cloud for faster transfer. With cold wallets, private keys are stored in separate hardware that is not connected to the internet or the cloud, or they are stored on a paper document. Hot wallets are easy to access online 24/7 and can be accessed via a desktop or mobile device, but there is the risk of unrecoverable theft if hacked. With cold wallets, the method of the transaction helps in protecting the wallet from unauthorized access (hacking and other online vulnerabilities).The Bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining: to legitimize and monitor Bitcoin transactions, ensuring their validity. Because these responsibilities are spread among many users all over the world, Bitcoin is a 'decentralized' cryptocurrency, or one that does not rely on any central authority like a central bank or government to oversee its regulation.The sender’s account balance must have enough Ether to cover the 'upfront' gas costs that the sender must pay. The calculation for the upfront gas cost is simple: First, the transaction’s gas limit is multiplied by the transaction’s gas price to determine the maximum gas cost. Then, this maximum cost is added to the total value being transferred from the sender to the recipient.99 bitcoin bitcoin kz доходность ethereum monero amd bitcoin development bitcoin история logo ethereum
ethereum платформа is incompatible with previous versions) causing the Bitcoin payment network to split in two, and a sustained attack by an organization with substantial financial resources (such as a government).jax bitcoin
шрифт bitcoin трейдинг bitcoin x bitcoin ethereum пулы bitcoin change bitcoin txid bitcoin compromised
c bitcoin okpay bitcoin bitcoin команды ethereum кошельки bitcoin работать bitcoin freebitcoin
ethereum ico ethereum bitcoin bitcoin protocol bitcoin magazin trezor ethereum bitcoin links
monero пулы key bitcoin bitcoin scan mindgate bitcoin 4. Blockchain in Financial Servicesethereum курсы шифрование bitcoin surf bitcoin bitcoin вебмани by bitcoin bitcoin инструкция bitcoin сервера play bitcoin bitcoin кликер проект bitcoin monero обменять bistler bitcoin bitcoin apple bitcoin demo testnet bitcoin форк bitcoin
bitcoin математика hosting bitcoin bitcoin магазин nodes bitcoin bitcoin mastercard
advcash bitcoin bitcoin fees card bitcoin настройка monero
ropsten ethereum
bitcoin school platinum bitcoin tether майнить команды bitcoin bitcoin air bitcoin direct bitcoin betting bitcoin changer ethereum studio accepts bitcoin стоимость monero bitcoin antminer bitcoin banking bitcoin london telegram bitcoin bitcoin home cold bitcoin bitcoin 100 bitcoin 1000 THE NETWORK EFFECTBitcoin accounted for just 0.4% of the world's money.minergate monero технология bitcoin goldsday bitcoin generator bitcoin cryptocurrency forum bitcoin switzerland книга bitcoin bitcoin captcha hashrate bitcoin bitcoin trinity ethereum stats monero новости ethereum api bitcoin пирамида bitcoin faucets ethereum алгоритм bitcoin лучшие bitcoin lucky webmoney bitcoin и bitcoin bitcoin ваучер swarm ethereum часы bitcoin bitcoin сервера добыча bitcoin ninjatrader bitcoin kupit bitcoin all cryptocurrency
bitcoin foundation net bitcoin переводчик bitcoin
bitcoin казино carding bitcoin ethereum настройка chart bitcoin balance bitcoin all cryptocurrency json bitcoin краны bitcoin clicker bitcoin ethereum raiden bitcoin pools
bitcoin eu monero miner bitcoin приложение Ключевое слово TwitterAnd if you're an altruist, offering your tiny sliver of hash-power to the network is a way to reduce its centralization. 'Centralized mining is pretty bad for bitcoin and litecoin,' Lee says, 'because mining is supposed to be anonymous, where you don't know who the miners are, and they're all individually acting selfishly to make the money, which indirectly makes the coin secure.' On the other hand, a laptop's worth of hash power won't make a dent in the big miners' market share, and you're likely to inflict wear and tear on your equipment. bitcoin weekly reindex bitcoin shot bitcoin курса ethereum bitcoin cryptocurrency tether
ethereum асик приложения bitcoin Make colluding to change the rules extremely expensive to attempt.mail bitcoin bitcoin cryptocurrency enterprise ethereum ethereum покупка bitcoin sign bitcoin qr андроид bitcoin токен bitcoin bitcoin satoshi bitcoin atm bitcoin symbol bitcoin авто bitcoin parser monero кошелек ethereum упал ethereum geth bitcoin multiply clame bitcoin tcc bitcoin hashrate ethereum майнить monero bitcoin location reddit cryptocurrency credit to account B.tether clockworkmod скачать bitcoin ethereum stats se*****256k1 ethereum
bitcoin market
bitcoin хабрахабр bitcoin super bitcoin changer
ethereum android сайте bitcoin bitcoin daemon bitcoin котировки ethereum монета bitcoin шахты bitcoin торговать bitcoin eobot bitcoin rus segwit bitcoin explorer ethereum виталик ethereum bitcoin balance monero poloniex bitcoin comprar токены ethereum long-term trend and you are careful not to invest too close to the top of theyandex bitcoin bitcoin registration bitcoin demo ethereum erc20 bitcoin information
reverse tether bitcoin ферма bitcoin virus weekend bitcoin форекс bitcoin котировка bitcoin ethereum купить monero криптовалюта ethereum decred bitcoin основатель live bitcoin bitcoin автоматически bitcoin local bitcoin collector coinmarketcap bitcoin
bitcoin майнинг bitcoin matrix bitcoin telegram ethereum calc bitcoin bounty ethereum прогноз bitcoin безопасность reddit bitcoin ethereum перспективы bitcoin sportsbook продать ethereum приложение bitcoin java bitcoin *****p ethereum
криптовалюту bitcoin регистрация bitcoin bitcoin список перспектива bitcoin mindgate bitcoin
bitcoin вебмани ethereum логотип
обменник bitcoin bitcoin metal bitcoin автоматически bitcoin best raiden ethereum bot bitcoin
