How to buy Litecoin (LTC)
Litecoin was created by Charlie Lee in 2011. Charlie Lee is an ex-Google employee who had the vision to create a lighter version of Bitcoin. This is why it has the name Litecoin.
Here at a glance differences between Bitcoin and Litecoin:
Litecoin (LTC) is a test net for Bitcoin as they are made of the exact or similar code in that when Litecoin was created it was branched off in a way from Bitcoin and it has similar inner workings. If someone is thinking to implement something on Bitcoin they will test to do it on Litecoin first. This makes Litecoin increase in value as a secure place to be able to test things that will be laid on the Bitcoin network.
Litecoin (LTC) has become known as digital silver whilst Bitcoin is known as digital gold. Litecoin (LTC) was founded with the goal of prioritizing transaction speed, and that has proven an advantage as it has grown in popularity.
When you have Litecoin you can spend Litecoin just like Fiat currency at the shops around the world, you can find the directory of companies that receive Litecoin here.
Here are several ways to invest in Litecoin:
1. One of the favorite platforms to use for purchasing Litecoin (LTC) is Crypto.Com. In this platform you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use either with cash or crypto. We also have rewards up to $50 for new investors when using the above link to create a new account.
2. Another platform called Celsius is a platform that works like a bank. We use this to manage Boston Coin. You can deposit and earn interest in crypto, or borrow against an asset to receive cash or coins. The interest rate may vary from 2% up to 10% or more depending on how stable the coin is seen to be. A new investor may receive up to $20 when using the above link to create a new account.
3. CoinBase is another platform to purchase Litecoin (LTC) using a credit card or even your Bank Account. You only need to follow the steps and link your Bank Account or Credit Card for purchasing your first cryptocurrency. Use this link and you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more.
For any other questions, please do not hesitate to get in touch with us via the "Contact Us" section of the homepage and we will do our best to assist you.