Litecoin (LTC)

Price          Wallets           Exchanges

Litecoin was created in 2011 by a former Google engineer Charles Lee. Litecoin was intended to be an improvement upon Bitcoin, with some major changes to bitcoins parameters being the main differentiating factor.

Litecoin uses the same peer-to-peer blockchain technology as Bitcoin, but runs at a much higher block frequency. Where in Bitcoin a new block is created roughly every 10 minutes, in Litecoin blocks are created every 2.5 minutes on average. As such, the maximum amount of Litecoins that can be created is 4 times Bitcoins 21 million, at 84 million.

But, Litecoin is more than just taking Bitcoin and multiplying and dividing some values by 4 – Litecoin uses a different hashing algorithm, called Scrypt. Scrypt is a memory-limited algorithm, which means it is not as easy to create dedicated ASICS for mining as it was for Bitcoin. As such, Litecoin mining can’t use the same dedicated hardware produced for Bitcoin mining.

Litecoin price

Litecoin Wallets

One of the most important aspects of owning cryptocurrencies is storage. Down below you will find carefully selected wallets. Remember, a hardware wallet is always advised!

 

Ledger Nano S

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

ledger nano s fold medium - Litecoin (LTC)

Buy a Ledger

TREZOR TREZOR is a single purpose device which allows you to make secure Bitcoin transactions. With TREZOR, transactions are completely safe even when initiated on a compromised or vulnerable computer. Because the use of TREZOR is very easy and intuitive we believe it will help Bitcoin adoption among people not familiar with the security issues. trezor transparent - Litecoin (LTC) Buy a TREZOR

Coinbase

Next to being an easy to use exchange for cryptocurrency, Coinbase also offers a wallet service for Bitcoin, Ethereum and Litecoin. It is called the Coinbase Vault. The Coinbase vault is available to all coinbase users. It also offers a group vault, a group vault requires email confirmations from multiple different users when the master account holder (you) requests a withdrawal.  No one else can create a withdrawal, but a certain number of approvals are needed before funds can be withdrawn, either 2-of-3 or 3-of-5. It is very important to designate only trusted individuals as co-signers!

Open a wallet at Coinbase

 

Exodus

Exodus is a multi-cryptocurrency wallet that boasts an easy-to-use UI. You can keep your Aragon, Augur, BAT, Bitcoin, Bitcoin Cash, Bitcoin Gold, Civic, Dash, Decred, District0x, EOS, Ethereum, ETH Classic, FunFair, Gnosis, Golem, Litecoin, OmiseGo, Qtum (ERC20) and SALT all in one place and easily calculate and organize your savings with their pie chart portfolio. Exodus has a built-in exchange that allows you to instantly trade the supported coin between themselves. The backup wizard will allow you to keep your wallet safe and ready for later use. Exodus is partially open source.

Exodus wallet

Where to buy Litecoin?

  • binance - Litecoin (LTC)
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    Binance
    Exchange rating:
    10
    Binance is world's largest altcoin exchange. It offers many cryptocurrency markets with high liquidity and low fees. Every cryptocurrency enthusiast should have a Binance account!
  • bitmex - Litecoin (LTC)
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    BitMEX
    Exchange rating:
    8
    BitMEX is an exchange geared to more advanced cryptocurrency traders. It offers high liquidity and a range of cryptocurrency derivatives as futures. However, it can also be used for just buying cryptocurrencies.
  • changelly - Litecoin (LTC)
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    Changelly
    Exchange rating:
    7
    Changelly offers an easy to use interface for exchanging a wide variety of cryptocurrencies. It combines rates from different exchanges to offer you the best price.
  • litebit - Litecoin (LTC)
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    LiteBit
    Exchange rating:
    8
    Litebit is a Euro based exchange where many different cryptocurrencies can be bought directly. It offers many payment methods and is very beginner friendly.
  • anycoin - Litecoin (LTC)
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    Anycoin
    Exchange rating:
    8
    Anycoin is a Dutch cryptocurrency broker which allows you to buy multiple cryptocurrencies directly with a wide variety of payment options. Easy user interface makes it beginner friendly.
  • cointed - Litecoin (LTC)
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    Cointed
    Exchange rating:
    6
    Cointed is a Austrian based exchange offering euro markets for a variety of cryptocurrencies. This exchange allows for direct buying or for trading on the exchange offering an integrated wallet.
  • Bittrex - Litecoin (LTC)
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    Bittrex
    Exchange rating:
    8
    Bittrex is a cryptocurrency only exchange. It is used by most seasoned traders and offers many advanced tool. Because of the many users most cryptocurrency markets have high liquidity.
  • kraken - Litecoin (LTC)
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    Kraken
    Exchange rating:
    8
    Kraken offers cryptocurrency markets for multiple fiat currencies. It is a highly financed and trusted exchange and often publishes audits of its funds.
  • Bitfinex - Litecoin (LTC)
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    Bitfinex
    Exchange rating:
    7
    Bitfinex is a widely used cryptocurrency exchange. It offers very low fees and high liquidity. For traders and large buyers this is a go to exchange as it offers fair market prices, even for big amounts.
  • shapeshift - Litecoin (LTC)
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    ShapeShift
    Exchange rating:
    9
    Directly exchange cryptocurrencies with shapeshift. The elegant user interface makes it easy for beginner to exchange their cryptocurrencies against fair market prices.