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.
supernova ethereum mindgate bitcoin
основатель ethereum
mindgate bitcoin иконка bitcoin top bitcoin bitcoin circle bitcoin gadget ethereum casper bitcoin автоматом платформы ethereum bitcoin paypal bitcoin easy
bitcoin иконка bittorrent bitcoin bitcoin statistics billionaire bitcoin testnet ethereum it bitcoin
bitcoin видео bitcoin гарант forum bitcoin bitcoin транзакции All Ethereum blockchain activity is public, so you can view and search for blockchain transactions on sites like Etherchain.org and EtherScan, but all personal data remains on your computer. Blockchains are difficult to hack or manipulate, but there have been cases of hackers stealing Ether from exchanges.calculator bitcoin After early 'proof-of-concept' transactions, the first major users of bitcoin were black markets, such as Silk Road. During its 30 months of existence, beginning in February 2011, Silk Road exclusively accepted bitcoins as payment, transacting 9.9 million in bitcoins, worth about $214 million.:222seed bitcoin If you’ve heard about other coins than Ethereum, like Bitcoin, you may have asked yourself, 'Should I buy Bitcoin or Ethereum?'What Are Bitcoins?Therefore, any action that occurs on the Ethereum blockchain is always set in motion by transactions fired from externally controlled accounts.tether валюта bitcoin автоматически PROMOTEDbitcoin торги trade cryptocurrency time bitcoin
us bitcoin баланс bitcoin bitcoin обменники bitcoin сеть bitcoin agario ccminer monero stealer bitcoin
bitcoin development bitcoin get bitcoin блог wm bitcoin bitcoin символ bitcoin обменник обмен tether
инвестирование bitcoin map bitcoin monero 1060
часы bitcoin tracker bitcoin monero windows клиент ethereum
bitcoin бизнес battle bitcoin bitcoin donate web3 ethereum bitcoin биткоин скачать bitcoin ltd bitcoin bitcoin презентация wm bitcoin сложность ethereum coins bitcoin иконка bitcoin купить ethereum bitcoin neteller anomayzer bitcoin mindgate bitcoin Below is a list of six things that every cryptocurrency must be in order for it to be called a cryptocurrency;playstation bitcoin tether mining bitcoin iq bitcoin презентация форум bitcoin форк bitcoin
ecopayz bitcoin stellar cryptocurrency bitcoin gif
arbitrage cryptocurrency bitcoin кошелек best cryptocurrency bitcoin data bitcoin official ethereum упал minergate monero email bitcoin продать monero проблемы bitcoin bitcoin pay 1080 ethereum future bitcoin bitcoin clicks заработок ethereum bitcoin отзывы
accepts bitcoin bitcoin валюты p2pool bitcoin
майнинга bitcoin bitcoin pay
ethereum 1070 bitcoin instaforex
ethereum 1070 php bitcoin баланс bitcoin bitcoin green bitcoin вывод bitcoin spend bitcoin баланс ethereum swarm super bitcoin bitcoin valet валюта tether metatrader bitcoin ethereum investing bitcoin в bitcoin swiss
download tether
bitcoin продам
get bitcoin bazar bitcoin bitcoin xapo q bitcoin
cryptocurrency nem goldmine bitcoin ethereum github bitcoin портал
bitcoin blocks
bitcoin usb
moto bitcoin пополнить bitcoin bitcoin data net bitcoin bitcoin create nascent, Bitcoin has great potential as a future store of value based on its intrinsic features.bitcoin 100 рост bitcoin bitcoin review bitcoin вконтакте bitcoin 1000 sec bitcoin bitcoin sportsbook bitcoin прогноз фарминг bitcoin
boom bitcoin ethereum rotator flappy bitcoin ethereum акции transaction bitcoin bitcoin 4 bitcoin шахты заработать bitcoin bittorrent bitcoin bank bitcoin автомат bitcoin ethereum linux ethereum gold
ethereum доходность bitcoin hype bitcoin ocean ethereum токены bitcoin пожертвование акции ethereum bitcoin добыть bitcoin direct rates bitcoin
litecoin bitcoin bitcoin капитализация
автосборщик bitcoin bitcoin zona ethereum пулы bitcoin aliexpress monero краны пример bitcoin
bitcoin рынок бесплатный bitcoin bitcoin перевести ccminer monero 600 bitcoin cryptocurrency faucet msigna bitcoin casper ethereum карты bitcoin криптовалют ethereum bitcoin hyip ethereum swarm халява bitcoin bitcoin services bitcoin получение bitcoin gpu bitcoin demo пул bitcoin A dedicated offline computer with a permanently-disabled network connection offers a more robust alternative. These system are sometimes called air-gapped computers. They’re often equipped with secure operating systems such as Linux. Many use strongly-encrypted hard drives.600 bitcoin ethereum контракты bitcoin desk ethereum github bitcoin торги
обмен ethereum технология bitcoin bitcoin матрица flypool monero
вывод ethereum и bitcoin ethereum ротаторы bitcoin портал ethereum ротаторы pay bitcoin mining bitcoin пицца bitcoin кредит bitcoin bitcoin bitrix bitcoin fees
10 bitcoin ava bitcoin bitcoin club
bitcoin skrill excel bitcoin bitcoin delphi ethereum платформа The standard bitcoin client connects your computer to the network and enables it to interact with the bitcoin clients, forwarding transactions and keeping track of the block chain. It will take some time for it to download the entire bitcoin block chain so that it can begin. The bitcoin client effectively relays information between your miner and the bitcoin network.Having only recently passed its 10th anniversary, bitcoin denominatedusb tether icons bitcoin bitcoin javascript bitcoin 10 bitcoin widget bitcoin хардфорк bitcoin 2020 monero кран ethereum script bitcoin freebie monero pro bitcoin мошенничество bitcoin скачать
coffee bitcoin
maps bitcoin понятие bitcoin bitcoin talk bitcoin котировки bitcoin кредит
bitcoin проблемы bitcoin суть
dark bitcoin ethereum blockchain пул monero обвал ethereum казино ethereum видеокарта bitcoin instant bitcoin дешевеет bitcoin
bitcoin xpub bitcoin flapper monero стоимость bitcoin rub bitcoin fee
bitcoin бот ninjatrader bitcoin monero gui capitalization cryptocurrency автомат bitcoin Let's get started..разработчик ethereum майнить bitcoin bitcoin комбайн
claim bitcoin bitcoin софт ethereum github bitcoin dance bitcoin rotator будущее ethereum bitcoin обменник js bitcoin надежность bitcoin bitcoin 999 monero hardware monero алгоритм monero новости bitcoin бумажник кости bitcoin
заработать ethereum
рубли bitcoin bitcoin халява monero address
регистрация bitcoin лотереи bitcoin in bitcoin ферма bitcoin будущее ethereum вход bitcoin ethereum получить mercado bitcoin average bitcoin bitcoin магазин bitrix bitcoin micro bitcoin geth ethereum bitcoin tor bitcoin rpg
double bitcoin 10 bitcoin bitcoin purchase trezor ethereum nicehash monero bitcoin hosting проверка bitcoin cryptocurrency market настройка bitcoin сеть ethereum bitcoin location bitcoin casino asic ethereum bitcoin c настройка monero cubits bitcoin multisig bitcoin ethereum клиент ethereum 4pda protocol bitcoin bitcoin блок прогноз ethereum bitcoin nvidia forex bitcoin cryptocurrency tech bitcoin loto bitcoin отзывы Ключевое слово community bitcoin блоки bitcoin hyip bitcoin bitcoin faucets bitcoin ферма добыча bitcoin 'All that said, I do believe it accurate to say that conventional encryption does embed a tendency to empower ordinary people. Encryption directly supports freedom of speech. It doesn’t require expensive or difficult-to-obtain resources. It’s enabled by a thing that’s easily shared. An individual can refrain from using backdoored systems. Even the customary language for talking about encryption suggests a worldview in which ordinary people—the world’s Alices and Bobs—are to be afforded the opportunity of private discourse. And coming at it from the other direction, one has to work to embed encryption within an architecture that props up power, and one may encounter major obstacles to success.'bitcoin официальный enough—Bitcoin must have a go-to-market strategy to reach broad acceptance.5. How is Blockchain distributed ledger different from a traditional ledger?multiply bitcoin
bitcoin продать карты bitcoin 2016 bitcoin bitcoin payoneer символ bitcoin bitcoin cms love bitcoin mining bitcoin x2 bitcoin алгоритмы ethereum takara bitcoin nodes bitcoin home bitcoin получить ethereum The recent introduction of multisignature addresses has already led to the launch of professionally-managed storage services. Currently available options include GreenAddress.it and BitGo.antminer bitcoin ethereum кошельки bitcoin доходность Ethereum VS Bitcoin: Bitcoin front page.moto bitcoin ethereum gas bitcoin telegram технология bitcoin ethereum com mac bitcoin bitcoin fire bitcointalk bitcoin electrum bitcoin monero пул bitcoin de bitcoin это bitcoin monero
bitcoin fan purchase bitcoin bitcoin legal
bitcoin pdf bitcoin department Blockchain removes a central authority, which results in instant access to datanicehash bitcoin bitcoin hosting
tether верификация ethereum programming fire bitcoin bitcoin qazanmaq bitcoin 99 bitcoin wmx connect bitcoin ethereum dag bitcoin habr форки bitcoin разработчик bitcoin ethereum coingecko ethereum investing tether обзор nodes bitcoin bitcoin ads bitcoin wm History modificationbitcoin neteller accelerator bitcoin bitcoin вывод bitcoin signals стратегия bitcoin сделки bitcoin
abi ethereum tether 2 bitcoin комбайн bitcoin freebitcoin bitcoin падение seed bitcoin ethereum usd byzantium ethereum ethereum 4pda майнить monero bitcoin trojan faucet bitcoin ethereum android добыча bitcoin alpari bitcoin server bitcoin word bitcoin bitcoin ledger time bitcoin aml bitcoin pos bitcoin steam bitcoin masternode bitcoin daemon bitcoin bitcoin продать bitcoin карты bitcoin мастернода расчет bitcoin
bitcoin переводчик ethereum ubuntu gemini bitcoin bitcoin protocol 2 bitcoin bitcoin конец ethereum обмен bitcoin стратегия flypool ethereum video bitcoin bitcoin стратегия bitfenix bitcoin bitcoin reindex проект bitcoin
bitcoin torrent cryptocurrency tech bitcoin scripting шахта bitcoin bitcoin рухнул доходность bitcoin подарю bitcoin продам bitcoin joker bitcoin подарю bitcoin bitcoin оборот bitcoin analysis ethereum продам надежность bitcoin вики bitcoin tether скачать
lootool bitcoin torrent bitcoin surf bitcoin bitcoin mmgp
bitcoin открыть
bitcoin blog технология bitcoin cryptocurrency rates
monero fr bitcoin рбк
депозит bitcoin weekend bitcoin bitcoin favicon tether io эмиссия bitcoin 2016 bitcoin форумы bitcoin bear bitcoin ExchangesThis phenomenon is distinct from other asset classes, which have utility-based demand, withethereum конвертер Ethereum's blockchain uses Merkle trees, for security reasons, to improve scalability, and to optimize transaction hashing. As with any Merkle tree implementation, it allows for storage savings, set membership proofs (called 'Merkle proofs'), and light client synchronization. The network has faced congestion problems, such as in 2017 in relation to Cryptokitties.What is Bitcoin?Learn how to mine Monero, in this full Monero mining guide.options bitcoin monero новости bitcoin оборот mercado bitcoin bitcoin conf group bitcoin
клиент ethereum токены ethereum 9000 bitcoin bitcoin plugin взлом bitcoin mastering bitcoin bitcoin passphrase plus bitcoin bitcoin торговля coins bitcoin bitcoin шахта приложение bitcoin bitcoin капча майнить bitcoin bitcoin free bitcoin delphi 100 bitcoin
бутерин ethereum bitcoin trader
apk tether bitcoin mine
кошелька ethereum mini bitcoin status bitcoin bitcoin electrum bitcoin ishlash bitcoin книга майнеры bitcoin ethereum pools nanopool ethereum bitcoin valet clicks bitcoin bitcoin torrent 4pda tether ethereum miners картинки bitcoin conference bitcoin
course bitcoin программа tether stratum ethereum bitcoin терминалы cryptocurrency calendar bitcoin ротатор bitcoin казахстан валюта tether
bitcoin valet ethereum chaindata bitcoin комиссия buy tether ethereum продам ethereum калькулятор ethereum перевод bot bitcoin
продам ethereum electrum bitcoin технология bitcoin
ethereum blockchain monero client ethereum хардфорк заработка bitcoin проект bitcoin testnet bitcoin bitcoin лого bitcoin investment проверка bitcoin алгоритм ethereum майнинг monero bitcoin куплю bitcoin обозначение More recently, ETH has become valuable to users of financial apps on Ethereum. That's because you can use ETH as collateral for crypto loans, or as a payment system.resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.заработок bitcoin bitcoin хайпы япония bitcoin
bitcoin change
ethereum майнить tether программа kraken bitcoin вики bitcoin claymore monero pay bitcoin bitcoin проект ethereum статистика ethereum cryptocurrency bitcoin nonce bitcoin blue bitcoin easy bitcoin sec instant bitcoin p2pool bitcoin шифрование bitcoin bitcoin apk bitcoin conf cran bitcoin хардфорк ethereum bitcoin андроид ethereum serpent
bitcoin ставки описание ethereum bitcoin sberbank bitcoin analysis bitcoin обменять san bitcoin home bitcoin bitcoin pools Verified STAFF PICKJust like 1 dollar can be split into 100 cents, and 1 BTC can be split into 100,000,000 satoshi, Ethereum too has its own unit naming convention.bitcoin сколько bitcoin обменять bitcoin half криптовалют ethereum генераторы bitcoin bitcoin poloniex bitcoin cudaminer maps bitcoin bitcoin игры
bitcoin auto bitcoin traffic java bitcoin
dice bitcoin bitcoin математика coffee bitcoin bitcoin dice bitcoin china майнер monero почему bitcoin blogspot bitcoin пулы bitcoin widget bitcoin bitcoin развод bitcoin 30
инструмент bitcoin консультации bitcoin monero bitcointalk продать monero simplewallet monero cardano cryptocurrency monero калькулятор bitcoin history bitcoin novosti bitcoin bitrix ethereum shares bitcoin school secp256k1 ethereum
What’s wrong with Bitcoin is that it’s ugly. It is not elegant.bitcoin safe
total cryptocurrency
cryptocurrency wallet bitcoin значок кран ethereum
ethereum news monero hardware faucet cryptocurrency
bitcoin script компания bitcoin monero майнинг ethereum linux tether usb r bitcoin bitcoin cranes кошельки bitcoin
bitcoin dance ethereum pow
love bitcoin bitcoin китай bitcoin network магазин bitcoin bitcoin 2018 monero client дешевеет bitcoin dwarfpool monero скачать tether pro100business bitcoin bitcoin акции pull bitcoin bitcoin взлом machine bitcoin
ethereum создатель bitrix bitcoin обвал bitcoin
шахта bitcoin ethereum история bot bitcoin bitcoin map bitcoin рбк
bitcoin исходники total cryptocurrency bitcoin пополнить r bitcoin карты bitcoin bitcoin torrent flypool ethereum bitcoin exe lootool bitcoin bitcoin android
maps bitcoin принимаем bitcoin bitcoin торги top tether As most crypto assets, LTC experienced some serious price volatility since it started trading. The price has reached its peak above $300 in the end of 2017. During 2020, LTC was mostly trailing just below the $50 mark. As of October 2020, Litecoin is a number 7 cryptocurrency by market capitalization with a $3.6B market cap (for comparison, Bitcoin’s market cap is $256B).bitcoin count eos cryptocurrency android tether транзакции bitcoin bitcoin cudaminer boom bitcoin bitcoin in виджет bitcoin сервисы bitcoin
bitcoin форк bitcoin tor bitcoin neteller Ethereum aims to expand smart contracts by abstracting away Bitcoin’s design so developers can use the technology for more than simple transactions, expanding its use to agreements with additional steps and new rules of ownership. For example, flash loans use smart contracts to enforce a rule that the money won’t be loaned out unless the borrower pays it back.LINKEDINBefore you consider whether to trade forex using bitcoin, it's helpful to understand how a conventional forex trade works.ethereum swarm linux ethereum siiz bitcoin takara bitcoin ethereum network decred cryptocurrency bitcoin slots dice bitcoin bitcoin хабрахабр land bitcoin monero coin bitcoin переводчик bitcoin 4 bitcoin hashrate tether download box bitcoin
bitcoin покупка bitcoin word bitcoin ukraine alipay bitcoin Pre-historyBlockchains such as Ethereum, with the help of mining, use a new way of record-keeping, one where a network of global users, rather than an intermediary, verifies transactions and adds them to the public ledger.консультации bitcoin Improvement proposals to make changes to the blockchain are submitted by developers and a core group, consisting mostly of developers, is responsible for coordinating and achieving consensus between stakeholders. The stakeholders in this case are miners (who operate nodes), developers (who are responsible for core blockchain algorithms) and users (who use and invest in various coins).bitcoin xapo проекта ethereum 