How to buy Litecoin (LTC) - Litecoin (LTC) price, Litecoin (LTC) price chart, marketcap & more

How to buy Litecoin (LTC). Litecoin (LTC) price live is $53.77, Litecoin (LTC) price chart, Litecoin (LTC) marketcap, Litecoin (LTC) price today change is -0.26% down 24h

Litecoin price today, Litecoin volume live, Litecoin market cap live, Litecoin rank today

 

  • litecoin
    Litecoin (LTC)
  • Live Price
    $53.77
  • 24h %
    -0.26%
  • Market Cap
    $3.16 B
  • Volume
    $542.71 M
  • Available Supply
    58.82 M LTC
  • Rank
    7

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Litecoin explained - Litecoin price live, Litecoin wallet, charts, market cap & more

Litecoin explained - Litecoin price, charts, market cap & how to buy litecoin

 

Litecoin explained

Litecoin was released via an open-source client on GitHub on October 7, 2011, by Charlie Lee, a Google employee.

While Bitcoin was seen as “gold” and a store of value for long-term purposes.

Litecoin was seen as the “silver” and a means of a transaction for cheaper and everyday purposes.

It’s also an open source pear-to-pear digital currency the same as Bitcoin and works on its own blockchain technology.

Which has a faster block generation rate hence offers a fast transaction confirmation in comparison to Bitcoin?

The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes.

The main difference between Litecoin and Bitcoin is their mining procedure.

Both Litecoin and Bitcoin use Proof-of-work consensus mechanism.

Let me explain in simple words what is proof of work?. The miners use their computational power to solve extremely hard cryptographic puzzles.

The puzzle solving needs to be extremely hard, if it is simple then miners will keep mining blocks and drain out the entire bitcoin supply.

However, while the puzzle solving part is difficult, checking to see if the solution of the puzzle is correct or it is difficult.

That's how proof of work is explained in simple words by "Blockgeeks"

  • Solving the puzzles and getting a solution should be tough.
  • Checking to see if the solution is correct or not should be difficult.

Miners are currently awarded by 25 new Litecoins per block an amount which gets halved roughly every four years.

There is a total of 84 Million Litecoin available which is four times more than its counterpart Bitcoin.

Litecoin is also one of the few cryptocurrencies which are accepted by the online merchants in the form of payment.

Because Litecoin blockchain is capable of handling higher transaction volume.

As a result, merchants get faster confirmation times, while still having the ability to wait for more confirmations when selling bigger ticket items.

 

How to buy Litecoin with every possible payment method ( Listed Below one by one)

 

1.How to buy Litecoin with a credit card

  • Changelly – Changelly is the best Instant Cryptocurrency exchange to buy Litecoin with a credit card directly
  • Indacoin – Indacoin is another instant crypto exchange to buy Litecoin with a Credit card, Payza, Unipay, Bank transfer, and OkCash directly

Another way to buy Litecoin with a credit card is :-

First, buy Bitcoin with a credit card at Cex.io exchange, Coinmama exchange, or Coinbase exchange directly. Then Exchange Bitcoin with Litecoin at Binance Exchange

  • Cex.io is the most recommended exchange to buy Litecoin with a Credit (debit) card Indirectly(Get 30% deposit Bonus on depositing $100 or more) exclusively for Coinexpansion users ( Best Exchange for US and Indian users)
  • Coinmama is the second most recommended exchange to buy Litecoin with a Credit card (Indirectly)

An indirect method involves three steps.

The first step – Buying Bitcoin with the required payment method from the Bitcoin exchange (Which accepts that payment method). (In this case required payment method is a credit card)

The second step – Then transferring the Bitcoin to Cryptocurrency trading platforms (which has a large number altcoins to trade including the required altcoin ) example Binance exchange.

The third step – Then Exchanging Bitcoin with the required altcoin at a minimal to no fee. (In this case rquired altcoin is Litecoin)

2. How to Buy Litecoin with PayPal

Huobi Pro is the best Exchange to buy Litecoin with Paypal. First, deposit the funds with Paypal to your HuobiPro account then buy Litecoin using the account funds.

The second method – You can also buy Litecoin with Paypal indirectly ( Recommended)

First, Buy Bitcoin with Paypal at Local Bitcoins exchangeThen Exchange Bitcoin with Litecoin at Binance Exchange

 

3. How to buy Litecoin with Neteller

Exmo is the best Exchange to buy Litecoin with Neteller directly

If you are unable to Buy Litecoin with Neteller at Exmo (Due to some reason)

Then you can buy Litecoin with Neteller Indirectly

First, Buy Bitcoin with Neteller at Local Bitcoins exchange. Then Exchange Bitcoin with Litecoin at Binance Exchange

 

4. How to buy Litecoin with Skrill

Buy Litecoin with Skrill at Exmo Exchange directly.

If you are unable to buy Litecoin with Skrill at Exmo Exchange (due to some reason)

Then as I stated above, You can buy Litecoin with Skrill Indirectly

First, Buy Bitcoin with Skrill at Local Bitcoins exchange. Then Exchange Bitcoin with Litecoin at Binance Exchange

 

5. How to buy Litecoin with Payza

Exmo or Indacoin exchange is the best Exchange to buy Litecoin with Payza directly.

The Second method – You can also buy Litecoin with Payza Indirectly

First, Buy Bitcoin with Payza at Local Bitcoins exchange. Then Exchange Bitcoin with Litecoin at Binance exchange

 

6. How to buy Litecoin with Bank transfer and SEPA

HitBTC is the best Exchange to buy Litecoin with Bank transfer and SEPA directly

The second way to buy Litecoin with Bank transfer and SEPA is (Indirect)

First, Buy Bitcoin with Bank transfer and SEPA at one of the three Exchanges i.e. Cex.io, Coinmama, and Coinbase ExchangeThen Exchange Bitcoin with Litecoin at Binance Exchange

  • Cex.io is the most recommended exchange to buy Litecoin with Bank transfer and SEPA indirectly. (Get 30% deposit bonus for depositing $100 or more)
  • Coinmama is the second most recommend exchange to buy Litecoin with Bank transfer and SEPA indirectly

7. How to buy Litecoin with Bitcoin and altcoins

  • Binance Exchange – The most renowned cryptocurrency exchange to Buy Litecoin with Bitcoin and altcoins at the cheapest price. ( Cheapest Cryptocurrencies price in the Cryptocurrency exchange market)
  • Cryptopia – The second best exchange to buy Litecoin with Bitcoin and altcoins directly.
  • Coinexpansion exchange – Our inbuilt instant cryptocurrency exchange to buy Litecoin with Bitcoin and altcoins at one of the cheapest rates. Coinexpansion exchange Aggregates and Suggest lowest Cryptocurrencies price from the 7 Crypto to Crypto Exchange i.e. Binance, Cryptopia, Changelly, Shapeshift, Bittrex, Poloneix, Bitmex, and Kucoin.

8. How to buy Litecoin with Cash

Coinmama exchange is the best exchange to buy Litecoin with Cash.

If Coin is not supported by Coinmama exchange then buy Litecoin with Cash indirectly.

First, buy Bitcoin with Cash at Coinmama Exchange. Then Exchange Bitcoin with Litecoin at Binance Exchange

Local Bitcoins exchange and Paxful Exchange can also be used to buy Litecoin with Cash Indirectly

8. How to buy Litecoin with other payment methods (every imaginable payment method)

You can always buy Litecoin with payment methods like Amazon gift cards, Go Daddy Coupons, E-bay gift cards, Country-specific Payment methods, and other non-conventional payment methods at Local Bitcoins exchange (Indirectly)

First, Buy Bitcoin with the required payment method at Local Bitcoins exchange or Paxful ExchangeThen Exchange Bitcoin with Litecoin at Binance Exchange

Best Litecoin wallet

Always use Hardware wallet to store Litecoin coin securely. Hardware wallets provide full proof security to the coins. There is no way someone can breach the security of a hardware wallet.

If you are looking to play long in the cryptocurrency world. Then you must consider buying at least one of the below-listed hardware wallet (highly recommended)

  • Ledger Nano S – Ledger is the cheapest hardware wallet available in the cryptocurrency market. It has unparallel security features and easy to use Interface. Without a doubt the best hardware wallet to store Litecoin currency. (using it since December 2016)
  • Trezor – Trezor is the second best hardware wallet to store Litecoin currency securely. Trezor supports most number of altcoins in the hardware wallet industry. Although it is $10 expensive than Ledger still it is a value to money device. ( Using it for 2.5 years)

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