How To Buy Litecoin - What You Need To Know About Buying Litecoin
People have often describedlitecoin as silver tobitcoin's gold. It is the thirdlargest cryptocurrency after bitcoin by market cap, with Ripple sitting in second place . Litecoin was developed as a bitcoinalternative to address some of that cryptocurrency'sperceived shortcomings. It was designed to be lightweight and more abundant than bitcoin. In addition, it uses scrypt as its proof-of-workalgorithm, which was aimed to make it impervious to ASIC mining, although several companies say they are planning to launch scrypt ASIC miners in the near future. A total of 84 million litecoins can be produced on the network (compared with 21 million BTC), which was designed to process blocks faster than bitcoin. If you would like to know a bit more about litecoin, then read this more detailedintroduction on how to get started . Some points of note before you buy litecoin: Litecoin became an increasing magnet for speculators after bitcoin's price surge in November 2013, but prices have since dropped in parallel. You can expect the two cryptocurrencies prices to largely move in the same direction, although litecoin's value is by far the lower of the two. Seasoned bitcoin investors should have no trouble adapting to litecoin, but novice investors may not find it as easy, as the infrastructure is less established than that of bitcoin. An alternative way of gaining litecoins is by mining them using standard computing equipment. Always do your own research before investing funds, and do not risk amountsyou cannot afford to lose. If you are aware of the risks, if youve done a lot of research and you are still willing to enter the litecoin market, there are a number of potential pitfalls and issues that need to be addressed. Cash for litecoins or bitcoins for litecoins? Buying litecoins i Continue reading >>
3 Reasons To Buy Litecoin
Download your FREE report now: How To Invest in the Coming Bitcoin Boom We have entered the age of digital currency. Bitcoin has gone from relative obscurity to being a household name. In May, the coin smashed its way through the $2,000 barrier like an angry bull in a china shop. Bitcoins dominating presence tends to drown out its contenders. But there are actually quite a few digital currencies that investors should be paying attention to. Out of these, a handful is poised for dynamic growth. We published this report to talk about one of the most promising: Litecoin. Over the past couple of months, Litecoin has skyrocketed alongside its digital currency peers. It became the third currency investors could purchase on popular digital currency exchange, Coinbase. And now, a hyped up digital currency public has some questions. Over the course of this report, we will answer those questions. Its best to start at Litecoins humble beginnings. In October 2013, former Google engineer Charles Lee introduced the world to a new altcoin: Litecoin. The coin was introduced as the silver to Bitcoins gold, with Lee promising the digital currency would fix many of Bitcoins problems. Litecoin is currently the fifth biggest currency, with a market cap of $1,782,973,718 billion. This makes it one of Bitcoins most aggressive competitors. If you are evaluating the two currencies from the surface, they could be twins sharing dozens of valuable characteristics. Like Bitcoin, Litecoin was created to provide a peer-to-peer transaction system. It allows individuals to make payments or transactions anywhere in the world without incurring fees. Litecoin also operates as a global currency, eliminating the need to adjust value if you are exchanging money internationally. And, like Bitcoin, Litecoin i Continue reading >>
Missed Bitcoin? Heres How To Buylitecoin
Missed Bitcoin? Heres how to buyLitecoin You have either read about Litecoin or understood it or havent understood but dont wanna miss the train. In this article, well help you understand whats a Litecoin is, hows it different from Bitcoin, reliable place to buy one. What is a Litecoin and how is it different fromBitcoin? Its good to know a bit more about the asset youre investing, so a brief description about Litecoin and hows it different from the king Bitcoin. if youve already read about it, you can skip this section. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. If youre familiar with the digital currency Bitcoin, the above definition might sound similar. Thats because Litecoin is based on Bitcoins open source codebase, but with a few technological differences. Litecoin was never intended to replace Bitcoin but to complement it like the silver to Bitcoins gold. Differences between Bitcoin & Litecoin by LindaXie Now that you know whats a Litecoin, we can go ahead and learn ways to invest in Litecoin. However, youll have following questions in mind. Whats a reliable place to buy a Litecoin? Whats the process associated and options available? Coinbase This is the place where you can convert your fiat currency(US Dollars) into Litecoin or other Cryptocurrencies. I dont work for Coinbase . I just find them convenient. There are a lot of alternative options but Coinbase is the recommend one! Always always pay your taxes and never try to evade them! Litecoin is not just the one to buy, there are other blockchain based currencies, which are different and in some terms superior to just being a currency. Few of which are Bitcoin, Ripple, Monero. Litecoin is like silver if Bitcoin is Gold. Confused about wha Continue reading >>
Litecoin Price Prediction 2018: Why You Should Buy Litecoin : Litecoin
Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. After the first ad, providers are welcome to use reddit's advertising platform to continue to promote the service. No "I just [bought|sold] Litecoin" posts. When submitting a link to something with which you are affiliated, you must point it out in the title or body of your submission. All submissions related to your affiliation will be blacklisted if found to be spamming. Continue reading >>
How To Trade Litecoin
Cryptocurrency has come a long way since Bitcoin burst on to the scene all the way back in 2009. Today there aremany different cryptocurrencies to choose from, all with their own specific designs and niches. Litecoin was designed to be the silver to Bitcoin s gold. Its one of the most popular cryptocurrencies available. So what makes Litecoin different than Bitcoin and is it worth trading litecoin? Lets start at the beginning by answering the question, what is Litecoin? Litecoin was the brainchild of a former Google employee Charlie Lee. The cryptocurrency went live on October 13th 2013 and incorporated some of Bitcoins code. There was no pre-mine and the launch was intended to be as fair to the community as possible. In 2013 Litecoin experienced fairly explosive growth and achieved a market cap of $1 billion. In 2017 Litecoin adopted SegWit and was the first cryptocurrency to make a transfer using the Lightning Network . Litecoin (LTC) is a decentralized, open-source payment network, or cryptocurrency. It allows you receive, store, and send money to other people. Its one of the three largest cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETC). Litecoin was designed to improve on many of the perceived failings of Bitcoin and to be the silver to Bitcoins gold. To this end Litecoin has a cap of 84 million tokens, this is in comparison to the 21 million cap used by Bitcoin. It also has a block generation time of 2.5 minutes compared to Bitcoins 10. The aim was to make Litecoin easier to obtain and trade than Bitcoin. Litecoin was also created with an aim to reduce the centralization of mining. The cryptocurrency was designed to use a code called Scrypt. This was designed to be more CPU friendly to encourage more users to mine and prevent ASIC miners dominatin Continue reading >>
To Buy Litecoin Is A Must. Heres Explained Why
To buy Litecoin is a must. Heres explained why maggio 13, 2017 Alberto De Luigi 4 comments (English translation of Italian article dating 5 May 2017) Miners approved Segwit on Litecoin. Will this make Litecoin the most technologically advanced currency on the market? Yes. All the other cryptocurrencies, included Bitcoin , cant scale. Without scaling, the more transactions are made in the world, the higher is the waiting time and cost for each transaction (commissions payed to miners) Exactly, which benefits does scalabilityimply? Thanks to scalability, Litecoin is now the only one cryptocurrency which is suit to substitute fiat money like Euro or Dollar for millions of users. The other cryptocurrencies, at the current technological stadium, can only work well as a store of value or mere assets for speculation, with a common destiny: due to the scalability issue, major is their success and diffusion, the less they can be used as a medium-of-exchange for common trades. Since no money is good money if its not a good medium-of-exchange, to invest in assets that cant be what they promise to be might not be a good idea. Bitcoin cant scale now, so its not an exception, but the technology to make it scalable is already existent (the same of Litecoin), it shall only be approved by miners. Bitcoin has a great advantage compared to the other cryptocurrencies in terms of number of users, capitalization, network of developers, wallets, businesses, payment processors, debit cards etc. For this reason, if the upgrade to Segwit was approved, Bitcoin would be back at the top of the mostadvanced technologies, and thanks to the network effect, it would smash whatever competitor, included Litecoin. If only network effect counts, its not explained the success of Facebook after MySpace, or Continue reading >>
How High Will Litecoin Go In 2018 And Should I Buy It?
How high will Litecoin go in 2018 and should I buy it? Faster and cheaper than its rival, Litecoin launched two years after Bitcoin Bitcoin may be the original cryptocurrency, but its largest competitors have been gaining significant ground against it in recent months. Litecoin is one of those rivals. In terms of total valueit is still dwarfed by Bitcoin, but from January 1 to December 27it gained around 6,000pc, compared with Bitcoins 1,500pc. It was created in 2011, two years after Bitcoin, by former Google engineer Charlie Lee. As with Bitcoin, Litecoin runs on a decentralised "blockchain" network. There is no central controlling organisation, and miners work to verify transactions, in return for a reward and transaction fees. Continue reading >>
Should I Sell My Bitcoin To Buy Litecoin?
Should I Sell My Bitcoin To Buy Litecoin? By Rakesh Sharma | December 13, 2017 12:40 PM EST Hydropower: The Key to Bitcoin Mining in the Future? The recent run-up in prices for both bitcoin and litecoin has presented traders with an interesting dilemma for maximizing profits. Bitcoins price has jumped by more than 1,400 percent since the start of this year, while litecoin has racked up gains of over 4,000 percent during the same time. Given litecoins higher price gains, should investors switch funds from the original cryptocurrency, bitcoin, to its derivative, litecoin? At the outset, it is difficult to compare both cryptocurrencies using the same set of criteria, since they serve different purposes. According to Charlie Lee, litecoins creator, his cryptocurrency is the silver to bitcoins gold. In simple words, litecoin is a currency created for daily transactions to complement bitcoins status as a store of value. (See more: Litecoin Creator Calls for Caution as Price Soars .) That said, certain common factors contribute to cryptocurrency price movements. Media commentary is one. Everyone, from world leaders to prominent economists to government regulators, seems to have an opinion on bitcoin. Feverish speculation on the cryptocurrencys price and countless media mentions have popularized it to mainstream investors and propelled its price to record highs, resultingin a futures listing debut. On the other hand, litecoin has mostly maintained a low profile, coasting on the back of incremental gains from bitcoin's rise. A look at its price chart for 2017 reveals that significant increases have occurred in short spurts on the back of information about technology upgrades or other news. In fact, the cryptocurrencys most recent spike was preceded by a CNBC interview with Lee. Continue reading >>
Buy Litecoin: 5 Best Exchanges To Buy Instantly In 2017
Jordan Tuwiner Last updated July 13, 2017 This post will show you the best ways to buy litecoins using many different payment methods. Weve listed below many different methods followed by exchanges you can use for each different method. Now that Litecoin has Segwit , it is becoming a very popular buy. Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins an exchange. Buy Litecoin with Credit Card or Debit Card Coinbase is the easiest way to buy litecoins with a credit card. Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia. The fees will come out to 3.99% per purchase. BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries. Buy Litecoin with Bank Account or Bank Transfer Coinbase is the easiest way to buy litecoins with a bank account or transfer. Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia. Americans can use ACH transfer (5-7 days wait), and Europeans can use SEPA transfer (1-3 days wait). The fees will come out to 1.49% per purchase. BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay. Never store your litecoins on an exchange! Always withdrawal your litecoin to an offline wallet like the Ledger Nano S or any other wallet that you control. There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bit Continue reading >>
6 Answers - Should I Buy Litecoin In 2017?
Oh yes, I believe that Litecoin will experience a strong rally in the coming weeks even if its already up 7 fold since January. The implementation of Segwit made LTC the digital currency with the best technology (in the proof of work space). It enables much faster and secured transactions. => Money always goes to the fittest. LTC was just onboarded on many major exchanges such as Coinbase, and other exchanges in Japan & Korea. => More means to buy LTC The big run of ETH and XRP makes LTC look cheap in comparison. => Investors like value Fresh money arriving in the cryptoworld. The global crypto market cap is up by 10 billions in the past 2 weeks. => This will be beneficial to all digital currencies Litecoin is advanced in its money creation (51 mio coins issued, total 84 mio) and has no inflation => Adequate liquidity will attract big investors China focus. LTC is very popular in China and could potentially become the Chinese Bitcoin with a strong presence in mobile payments. => give it a few years though, but Litecoin could have lots concrete applications 4 REASONS WHY LITECOIN COULD MAKE A COMEBACK IN 2017 Litecoin used to be a top player in the crypto space, branded as the silver to bitcoins gold. During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin. In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak. The price of LTC hit an all time high of around $50 on some exchanges. The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply. Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since. Litecoin lost its correlation to bitcoin after t Continue reading >>
3 Simple Steps To Buying Litecoin - A Beginner's Guide (2017 Updated)
Last updated on December 4th, 2017 at 11:36 am Note:If youre looking to buy Dash for trading purposes only you may want to check out Plus500 Litecoin CFD trading.Keep in mind that when trading CFDs your capital is at risk. Litecoin was created by Charles Lee, a former employee of Google. It has taken the general idea behind Bitcoin, but changed a few key component: The blocktime, is 2.5 minutes versus 10 minutes for Bitcoin. The mining algorithm which blocks the use of powerful ASIC miners like you have in Bitcoin. The total number of Litecoins available is 84 million as opposed to Bitcoins 21 million. How to buy Litecoin?(PayPal, credit card, bank transfer) Litecoin, Bitcoins younger brother has recently taken off to new heights. Since Litecoin reached its all time high on December 2013 of $38 it then plummeted and kept a steady exchange rate of around $3 for the last 3.5 years. However recently Litecoin started booming again, many people say this is due to the fact the currency has adopted the Segwit soft fork implementations. Today Litecoin is trading over over $40 on most major exchanges. In this post I will cover how you can buy Litecoins using a credit card, your Paypal account or wire transfers. Keep in mind that using the first two methods will probably cost more than using the wire transfer. This is due to the fact that if you buy Litecoin with Paypal or a credit card the seller takes the risk of your requesting a chargeback on your transaction. Before you buy your Litecoins you should first get a wallet to store them on. Between some of the most popular wallets today for Litecoin are Coinbase , Exodus and Jaxx . If youre looking for better security for your Litecoins you can use hardware wallets like TREZOR or Ledger to store them as well. One of the main iss Continue reading >>
5 Reasons Litecoin Is A Better Choice Than Bitcoin
5 Reasons Litecoin Is a Better Choice Than Bitcoin "Bitcoin-Lite" has a lot more to offer investors, albeit current cryptocurrency valuations appear bloated. "What goes up can go up a whole lot more" has sort of been a theme of cryptocurrencies in 2017. Despite no shortage of skeptics, the aggregate market value of every cryptocurrency combined has vaulted from $17.7 billion on Dec. 31, 2016, to as high as $635 billion as of Dec. 20, 2017. That's right -- a nearly 3,500% increase in value in less than a year. There have been a number of catalysts pushing the value of virtual currencies higher as a whole. Topping this list is the emergence of blockchain technology . Think of blockchain as the infrastructure that these virtual coins are built upon. Blockchain is the digital, distributed, and decentralized ledger that records all transactions, and does so without the need for a third party. Using blockchain as opposed to current databases might lead to more secure networks that settle transactions faster and cheaper. Emotions have played a pivotal role as well. Since institutional investors have mostly stuck to the sidelines, retail investors have been responsible for the upward move in digital coins thus far. Some of these investors, especially those with little investing experience, have been lured in by the fear of missing out on big gains. These emotions have compounded to push cryptocurrencies ever higher. An increase in use for virtual coins has also served as a catalyst. Bitcoin, which has served as the face of this rally, has successfully been adding new merchants to its network, to go along with the brand-name merchants it added back in 2014. As more merchants become willing to accept virtual coins, the validity of using these tokens to purchase goods and service Continue reading >>
Bitcoin, Ethereum Or Litecoin: Which Is Best For You?
Bitcoin, Ethereum or Litecoin: Which is best for you? A primer on the most visible cryptocurrencies. Before you jump into this overview of a few cryptocurrency alternatives, check out our first two articles in this series, Bitcoin, explained and Buying and selling bitcoin . Bitcoin has spawned hundreds of cryptocurrencies. Bitcoin was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town . Litecoin followed in 2011. Created by Charles Lee, an engineer who later helped build Coinbase , the leading cryptocurrency exchange, Litecoin is based on the same code as bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process. And in 2015, Ethereum made its debut, incorporating bitcoin's basic blockchain premise and Litecoin's pursuit of faster transaction speed, but adding a few of its own twists -- including the ability to process little chunks of code, called "smart contracts" -- and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig. Ripple's market cap now exceeds $40 billion. Coinbase's support for bitcoin, Litecoin and Ethereum -- as well as Bitcoin Cash , a new branch of the bitcoin blockchain created in August 2017 -- helped install and keep them among the most visible and well-capitalized cryptocurrencies. Rounding out the top 10, in terms of market capitalization, is a dynamic shortlist that has included established coins and upstarts like Ripple , Cardano , Neo , Stellar , Eos and IOTA . For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ether Continue reading >>
Which Cryptocurrency Should You Invest In? Litecoin, Ethereum, Ripple And Other Alt-coins Compared
Which cryptocurrency should you invest in? Litecoin, Ethereum, Ripple and other alt-coins compared Bitcoin is now incredibly expensive. But there are smaller, cheaper currencies which are starting to explode in price (Credit: LiteCoin, Ethereum, Ripple) Prince Harry and Meghan Markle reveal date they are going to get married A few years ago, I wrote several stories about a Native American tribe which planned to stop relying on the dollar and use Bitcoin as their currency. Now Im kicking myself for bleating on about cryptocurrencies at length, but never actually buying any. A 1,000 Bitcoin investment made in the middle of 2013 would now be worth more than 175,000 which is about enough to get a deposit on a modest flat in London. But there are other ways to make a bit of money in the risky and volatile world of digital dosh and justas many ways of losing it all. People looking to replicate the success of the first Bitcoin investors are investigating alt-coins including Ethereum, Litecoin and Ripple in the hope they can be bought cheaply now and sold for a much higher price at a later date. Lily Allen missed the chance to become a billionaire after turning down a gig paid in Bitcoin back when the currency was worthless (Credit: Getty) Oliver Isaacs, an entrepreneur and tech investor, made early investments in all these cryptocurrencies. He told Metro.co.uk that some of these digital denominations could end up being worth more than Bitcoin He said: Litecoin is finally benefiting from the broader interest in cryptocurrencies and I see no reason, despite still being very early stages, why the price cannot eventually match or even surpass Bitcoins price over time. The recent price surge has been the result of heavy trading volumes on one of the most popular exchanges, GDAX, a Continue reading >>
Litecoin Price News What Is Ltcs Value Today In Gbp And Usd And How Does It Compare With Bitcoin?
Litecoin price news what is LTCs value today in GBP and USD and how does it compare with Bitcoin? The start of 2018 has given Cryptocurrencies a seriously hard time but how is Litecoin doing? BITCOIN mania spread like wildfire last year as its massive rises and falls make headlines around the world - but it is not the only cryptocurrency making waves. Digital investors have long been aware of Litecoin which launched in 2011 and appears to be nearly identical to Bitcoin with some notable differences. Here's what you need to know... Light by name, not by nature: digital currency Litecoin has soared value over the past year The cheapest, easiest way to purchase Litecoin is by using your Bitcoin currency at a site such as Bit Bargain . You can also get hold of Litecoins by mining them, using standard computing equipment. However, Litecoins have a less developed infrastructure than their heavyweight Bitcoin brother, meaning they're more difficult to purchase. The best way for novices to purchase is certainly through using an existing Bitcoin stash. Litecoin was launched in 2011, the digital sibling of Bitcoin Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful. Their values are volatile, with the ability to plummet as quickly as they shoot up. And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online. Be especially careful if you are using direct, peer-to-peer platforms to sell and buy cryptocurrencies. Today the US Securities and Exchange Commission halted a multi-million dollar digital token sale by California-based restaurant review app firm Munchee. SEC chairman Jay Clayton said there were substantially more opportunities for fraud from initial coin offerings. The US regulator als Continue reading >>