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.
bitcoin trade With a smart contract, you give your friend the $1 and make a smart contract. Smart contracts are automatic and tamper-proof agreements.ethereum coin transactions bitcoin bitcoin allstars bitcoin бесплатный сборщик bitcoin криптовалюта ethereum вывод ethereum
bitcoin сервер
bitcoin реклама local ethereum wallet tether играть bitcoin
tether пополнение carding bitcoin bitcoin doge bitcoin капитализация field bitcoin фонд ethereum ubuntu bitcoin battle bitcoin
bitcoin мавроди kran bitcoin ethereum addresses purchase bitcoin coin bitcoin ethereum homestead monero logo bitcoin system обменники bitcoin swarm ethereum bitcoin create bitcoin презентация bitcoin hashrate
doge bitcoin Lighting Website Thumbnailethereum история wisdom bitcoin
bitcoin картинки
ethereum contracts Faster OperationsTECHNICAL WEAKNESS: TIME DELAY IN CONFIRMATIONbitcoin exchanges дешевеет bitcoin bitcoin официальный
eobot bitcoin обвал ethereum icon bitcoin conference bitcoin bitcoin miner bitcoin conference bitcoin торрент bitcoin bitcoin развитие alipay bitcoin
bear bitcoin tether bootstrap bitcoin оборудование
bitcoin оборот bux bitcoin us bitcoin flappy bitcoin андроид bitcoin explorer ethereum weather bitcoin bitcoin galaxy добыча ethereum обменять monero tether wallet frog bitcoin cranes bitcoin отзыв bitcoin daemon bitcoin bitcoin email bitcoin future количество bitcoin bitcoin core основатель bitcoin Reason 2) The Halving Cycleбиржи bitcoin monero биржи bitcoin коды ethereum кошельки отзыв bitcoin обвал ethereum blocks bitcoin bonus bitcoin litecoin bitcoin bitcoin checker master bitcoin For now, you can think of hot wallets as a less secure way to make transactions quickly and cold wallets as a more secure way to store for longer terms, though we do recommend that you understand these concepts entirely before choosing a wallet, as safe storage is key.ethereum clix
бесплатно bitcoin dorks bitcoin
автосборщик bitcoin ферма ethereum bitcoin значок bitcoin rbc bitcoin иконка frontier ethereum 1 ethereum ethereum price monero ico tether wallet q bitcoin
bitcoin virus криптовалюта tether vk bitcoin dat bitcoin bitcoin vk bitcoin китай monero hashrate счет bitcoin что bitcoin
bitcoin instant
bitcoin tm ethereum com Understanding cryptocurrency means first understanding Bitcoin…bitcoin synchronization bitcoin greenaddress bitcoin биржи network bitcoin
electrum ethereum bank bitcoin ethereum падает bitcoin news bitcoin dynamics ann bitcoin
pow bitcoin ethereum os
bitcoin trader greenaddress bitcoin
bitcoin video bitcoin ваучер cryptocurrency wallet bitcoin добыть block ethereum the ethereum перспективы bitcoin hd7850 monero monero хардфорк bitcoin demo x2 bitcoin collector bitcoin bitcoin c truffle ethereum simplewallet monero sell ethereum ethereum stats фильм bitcoin кости bitcoin обменник ethereum
mmm bitcoin best bitcoin monero poloniex client ethereum майнер ethereum electrodynamic tether bitcoin database кошелька ethereum bitcoin india bitcoin 2048 bitcoin fpga ethereum solidity инструкция bitcoin Target is happy because it has the money in the form of Bitcoin, which it can immediately turn into dollars if it wants, and it paid no or very low payment processing fees; you are happy because there is no way for hackers to steal any of your personal information; and organized crime is unhappy. (Well, maybe criminals are still happy: They can try to steal money directly from poorly-secured merchant computer systems. But even if they succeed, consumers bear no risk of loss, fraud or identity theft.)bitcoin торговля ethereum обменники fork bitcoin bitcoin кликер ethereum форум maps bitcoin bitcoin зарегистрироваться cryptocurrency trading bitcoin мошенничество ферма ethereum bitcoin adress bitcoin safe bitcoin neteller
time bitcoin ethereum доходность neo bitcoin usb tether bitcoin journal wirex bitcoin обмен tether доходность ethereum etoro bitcoin bitcoin рухнул converter bitcoin fasterclick bitcoin bitcoin cli bitcoin бумажник bitcoin 1000 заработка bitcoin p2pool ethereum reddit ethereum bitcoin charts monero cryptonote
bitcoin софт bitcoin ключи курс ethereum ethereum game time bitcoin ethereum linux кран bitcoin eth bitcoin основатель ethereum mindgate bitcoin coinmarketcap bitcoin миксер bitcoin и bitcoin bitcoin prune bitcoin maps bitcoin заработок bitcoin 30 tether программа yota tether
red bitcoin bitcoin приват24 bitcoin lurkmore bitcoin betting майнер bitcoin тинькофф bitcoin mainer bitcoin
bitcoin legal hack bitcoin bitcoin poloniex erc20 ethereum bitcoin hacking bitcoin pool my ethereum
mt5 bitcoin half bitcoin p2pool ethereum fire bitcoin ad bitcoin bitcoin advertising bitcoin платформа etoro bitcoin bitcoin ios ethereum vk bitcoin заработок super bitcoin bitcoin stellar проверить bitcoin bitcoin видео monero продать cryptocurrency forum
стратегия bitcoin bitcoin multisig bitcoin халява top bitcoin bitcoin fees bitcoin credit tcc bitcoin ecdsa bitcoin bitcoin protocol
money bitcoin ethereum настройка konverter bitcoin прогноз ethereum cryptonator ethereum ethereum заработать bip bitcoin cryptocurrency calendar genesis bitcoin сложность ethereum pps bitcoin bitcoin капча bitcoin xapo
scrypt bitcoin dice bitcoin bitcoin stealer se*****256k1 ethereum пирамида bitcoin bitcoin основатель bitcoin обналичить обмен ethereum инвестирование bitcoin bitcoin rt grayscale bitcoin bitcoin suisse
half bitcoin bitcoin lite история ethereum bitcoin конвертер xpub bitcoin платформы ethereum monero курс
криптовалюту monero bitcoin euro cryptocurrency tech mining ethereum free monero bitcoin кошельки bitcoin qr кошелька ethereum wirex bitcoin эфир bitcoin ethereum casino автосерфинг bitcoin wirex bitcoin ads bitcoin bitcoin passphrase зарабатывать ethereum asics bitcoin робот bitcoin
калькулятор ethereum bitcoin system bitcoin wallet миксер bitcoin hack bitcoin протокол bitcoin ethereum обменять bitcoin смесители bitcoin matrix wallet tether bitcoin 2020 автомат bitcoin new bitcoin кран bitcoin ethereum project
bitcoin основатель
bitcoin scripting film bitcoin bitcoin word кости bitcoin xpub bitcoin conference bitcoin логотип bitcoin
erc20 ethereum direct bitcoin форумы bitcoin компиляция bitcoin rus bitcoin bitcoin datadir ethereum прогнозы bitcoin вход ethereum описание bitcoin flapper зарегистрироваться bitcoin birds bitcoin bitcoin motherboard
pool monero bitcoin telegram investment bitcoin bitcoin серфинг bitcoin flex 10000 bitcoin nubits cryptocurrency btc ethereum security bitcoin ethereum fork bitcoin grant отзывы ethereum
bitcoin 2016 bitcoin london фермы bitcoin обмен monero bitcoin count ethereum продать bitcoin кэш ethereum перевод
bitcoin зебра etherium bitcoin ethereum habrahabr bitcoin auto black bitcoin bitcoin mixer roulette bitcoin bitcoin greenaddress кран ethereum ethereum course chain bitcoin bitcoin youtube all cryptocurrency bitcoin aliexpress goldsday bitcoin Now, if you want to read your emails or send an email, you need to enter your email password. This is how private keys work. Private keys are like passwords for cryptocurrency. Public keys can be seen by anyone, but private keys should only be seen by you. If there is one paramount detail you should learn from this What is Cryptocurrency guide, it’s that keeping your private keys safe is extremely important!cubits bitcoin bitcoin перевести
bitcoin paw bitcoin валюта обменники bitcoin bitcoin прогноз сатоши bitcoin token bitcoin bitcoin ether bitcoin windows waves bitcoin транзакции ethereum сложность ethereum bitcoin перевод boxbit bitcoin bitcoin курс moneypolo bitcoin bubble bitcoin jax bitcoin bitcoin fortune polkadot store download tether bitcoin usd bitcoin 0 nvidia monero bitcoin cz видеокарты bitcoin ethereum доллар фонд ethereum bitcoin spend
трейдинг bitcoin
генератор bitcoin bitcoin xapo best bitcoin payeer bitcoin ethereum fork red bitcoin fork bitcoin bitcoin cny развод bitcoin ethereum install bitcoin 9000 алгоритмы ethereum
bitcoin bubble bitcoin телефон платформа bitcoin bitcoin status monero hashrate
инвестиции bitcoin bitcoin проверить l bitcoin bitcoin machines pull bitcoin autobot bitcoin bitcoin валюты bitcoin poloniex moto bitcoin bitcoin транзакция ethereum бутерин bitcoin банк bitcoin обмен работа bitcoin bitcoin зарегистрироваться cryptocurrency wallet bitcoin protocol дешевеет bitcoin
bitcoin коллектор cfd bitcoin bitcoin bonus bitcoin knots bitcoin motherboard кран ethereum прогнозы bitcoin основатель bitcoin bitcoin авито platinum bitcoin monero bitcointalk bitcoin пополнить
mindgate bitcoin
bitcoin dynamics bitcoin go cryptocurrency nem bitcoin fpga майнер monero carding bitcoin bitcoin вебмани monero dwarfpool 3 bitcoin
дешевеет bitcoin
bitcoin accepted bitcoin trojan wallpaper bitcoin bitcoin cards bitcoin earnings monero xeon bitcoin прогноз prune bitcoin разработчик ethereum клиент ethereum Choosing a Mining Poolалгоритм monero андроид bitcoin 1080 ethereum bitcoin вебмани
обменять monero mist ethereum конвектор bitcoin кран ethereum
bitcoin банкомат tether gps r bitcoin checker bitcoin mini bitcoin tether io лотереи bitcoin bitcoin игры nicehash bitcoin bitcoin авито bitcoin теханализ golden bitcoin bitcoin автоматически
bitcoin информация bitcoin usb bitcoin collector bitcoin обменять bitcoin check bitcoin electrum комиссия bitcoin обновление ethereum bitcoin комиссия metatrader bitcoin future bitcoin bitcoin scripting monero client кредиты bitcoin настройка monero bitcoin анимация bitcoin network
tether курс
bitcoin алгоритм Trustless: No trusted third parties means that users don’t have to trust the system for it to work. Users are in complete control of their money and information at all times.bitcoin javascript Unlike Bitcoin, banks can freeze/block peoples’ accounts whenever they want. They have too much control over the people that use the banks, and they have *****d their power. Banks played a big role in the financial crisis of 2008, too. Bitcoin started in 2009, just after that crisis. Many people believe that the crisis was one of the reasons for creating Bitcoin.wiki ethereum
difficulty monero x2 bitcoin 10 bitcoin bitcoin fasttech With a bank, you must use your ID when you apply for an account. Because of this, hundreds of millions of people around the world do not have bank accounts. They cannot send or receive money. Now, however, with Bitcoin, they finally can!ads bitcoin tether iphone пожертвование bitcoin играть bitcoin ethereum raiden field bitcoin bitcoin hardware bitcoin official copay bitcoin 1080 ethereum зарабатывать ethereum fx bitcoin ethereum *****u
microsoft bitcoin nanopool ethereum bitcoin clicks
instant bitcoin login bitcoin rotator bitcoin greenaddress bitcoin kurs bitcoin bitcoin pizza мастернода bitcoin новости bitcoin ethereum акции новые bitcoin bitcoin alliance bitcoin development ninjatrader bitcoin tether комиссии bitcoin инвестирование bitcoin ocean sberbank bitcoin ethereum проблемы bitcoin ads daily bitcoin circle bitcoin транзакция bitcoin bitcoin statistic bitcoin markets ropsten ethereum кошельки bitcoin
bitcoin 100 world bitcoin книга bitcoin bitcoin ваучер
обналичить bitcoin
ethereum алгоритм
bitcoin автосборщик ethereum цена cryptocurrency wikipedia bitcoin бонус bitcoin wm system bitcoin fee bitcoin qtminer ethereum arbitrage bitcoin ledger bitcoin monero free The network participation rate is a useful indicator of Eth 2.0 network health. It measures how many active validators are participating in consensus by attesting and proposing blocks. Similar to how miners need to run mining machines and expend computational resources in order to earn rewards, validators run nodes and expend energy, albeit a far smaller amount than miners, in order to earn annualized interest on their staked wealth. best bitcoin 2x bitcoin bitcoin гарант ethereum сложность 1000 bitcoin bitcoin сделки ethereum blockchain json bitcoin x2 bitcoin ethereum info валюта bitcoin ethereum dao bitcoin cgminer bitcoin ledger ethereum ротаторы статистика ethereum ethereum markets обзор bitcoin tether wifi coingecko ethereum swiss bitcoin monero ann книга bitcoin coin ethereum bitcoin japan sberbank bitcoin bitcoin traffic air bitcoin
forex bitcoin bitcoin пожертвование create bitcoin bitcoin tor chaindata ethereum
tether mining accepts bitcoin bitcoin обои
ethereum ios bitcoin background
блок bitcoin кошелек tether case bitcoin принимаем bitcoin вики bitcoin bitcoin update java bitcoin mac bitcoin bitcoin mmm bitcoin bloomberg bitcoin bitcointalk se*****256k1 bitcoin bitcoin торги надежность bitcoin ethereum go bitcoin cash doge bitcoin bitcoin терминалы зарегистрировать bitcoin bitcoin asic ava bitcoin
tether верификация bitcoin services обсуждение bitcoin uk bitcoin обновление ethereum payoneer bitcoin bitcoin atm bitcoin trading pos ethereum reddit bitcoin bitcoin серфинг 2018 bitcoin bitcoin бумажник мастернода bitcoin monero hardware tether app bitcoin data monero cryptonight bounty bitcoin super bitcoin bitcoin rigs gold cryptocurrency работа bitcoin bitcoin masters bitcoin шахта tera bitcoin bitcoin exchanges теханализ bitcoin
bitcoin терминал лотереи bitcoin ethereum windows ecdsa bitcoin bitcoin ann bitcoin обозначение weekend bitcoin bitcoin лотереи bitcoin казино stealer bitcoin monero wallet майнинг monero часы bitcoin
tether транскрипция cryptocurrency trading bitcoin capital bitcoin apk сбербанк bitcoin аналоги bitcoin clicks bitcoin bitcoin bcn
precludes this method, but privacy can still be maintained by breaking the flow of information inкуплю ethereum Should the service ever be shut down, the user can move funds by signing a transaction with the two keys s/he holds.япония bitcoin кредит bitcoin андроид bitcoin To apply this to a network, think about Facebook’s servers for a moment. They run via Facebook and Facebook only. This makes them centralized because they have a central point, which is Facebook itself. If Facebook’s cybersecurity was hacked, their whole server and the data it holds become at risk.bitcoin fpga monero калькулятор bitcoin go bitcoin 4 bitcoin poloniex total cryptocurrency bitcoin sha256 bitcoin алгоритм bitcoin символ ethereum хешрейт maps bitcoin gek monero калькулятор ethereum tether приложение bitcoin 100 nanopool ethereum ethereum *****u
эфир bitcoin bitcoin книга bitcoin 1000 обменник bitcoin 16 bitcoin bitcoin обменники explorer ethereum bitcoin luxury обзор bitcoin blitz bitcoin bitcoin ebay ethereum вики ethereum stats bitcoin symbol ethereum биржа ethereum форк ethereum история bitcoin paypal cryptocurrency gold
hd bitcoin bitcoin xpub bitcoin investment bitcoin биржи компания bitcoin bitcoin purse миксер bitcoin wallets cryptocurrency bitcoin оборудование bitcoin бонусы ethereum bonus monero simplewallet bitcoin vizit ethereum новости cryptocurrency calculator bitcoin видеокарты accelerator bitcoin bitcoin usd exchange ethereum bitcoin вебмани bitcoin green игра ethereum
bitcoin кошелька bitcoin forum ethereum solidity When someone sends bitcoin anywhere, it's called a transaction. Transactions made in-store or online are documented by banks, point-of-sale systems, and physical receipts. Bitcoin miners achieve the same thing by clumping transactions together in 'blocks' and adding them to a public record called the 'blockchain.' Nodes then maintain records of those blocks so that they can be verified into the future.1000 bitcoin ethereum котировки лото bitcoin reverse tether ethereum asic заработать monero elena bitcoin ethereum serpent monster bitcoin bitcoin goldmine bonus bitcoin
monero coin ethereum news airbit bitcoin instant bitcoin uk bitcoin криптовалюта monero ethereum аналитика bitcoin kurs alpha bitcoin bitcoin рейтинг миксер bitcoin trezor bitcoin bitcoin майнеры usd bitcoin bitcoin trezor bitcoin математика ethereum обвал bitcoin ether okpay bitcoin rub bitcoin системе bitcoin купить tether erc20 ethereum wallet tether
ethereum картинки валюты bitcoin партнерка bitcoin форумы bitcoin bitcoin xyz 