Jump to: , This page aims to summarize the different options available to purchase litecoins online and offline.Please be extremely careful when buying litecoins from individuals or unaccredited websites.When sending money to an exchange or seller you are trusting that the operator will not abscond with your funds and that the operator maintains secure systems that protect against theft -- internal or external.It is highly recommended that you obtain the real-world identity of the operator and ensure that sufficient recourse is available.Because Litecoin services are not highly regulated a service can continue operating even when it is widely believed that it is insecure or dishonest and webpages recommending them (including these) may not be regularly updated.Exchanging or storing significant amounts of funds with third-parties is not recommended.Some deposit options for Bitcoin are not yet available for Litecoin.Depending on your preferred deposit option you will need to obtain bitcoins before exchanging them into litecoins.

Note: If you only want to take advantage of Litecoin's price volatility you can trade CFDs on Plus500.When trading online your capital may be at risk.Trading CFDs is suitable for more experienced traders.The site may be limited to users with American IP addresses.You can buy Litecoin instantly with Bitcoin at BTC-e, ShapeShift, Coinomat, HolyTransaction, and 247exchange.The easiest way to find people buying/selling litecoins for cash is LitecoinLocal.net.Other ways are the Local Litecoins subreddit and this Facebook group.247exchange supports cash deposit for buying Litecoin in Europe and express cash transfers (via MoneyPolo and its partners) all over the world.247exchange supports INTERAC bank payments in Canada expresscoin supports USPS money orders.You can directly purchase litecoins at OKPay or Coinomat.Depositing OKPay and buying litecoins at BTC-E or 247exchange works too.BTC-E and Coinomat support Perfect Money deposits.SOFORTÜBERWEISUNG allows you to instantly transfer money from your bank account to a site that accepts it.

The site will never have access to your bank login information, so SOFORTÜBERWEISUNG may be safer for the buyers.GIROPAY/EPS allows you to instantly transfer money from your German or Austrian bank account to a site, similar to SOFORTÜBERWEISUNG.The site will never have access to your bank login information, so GIROPAY/EPS may be safer for the buyers.Since there is a huge risk to the seller when buying crypto-currency with PayPal, you have the option to use VirWox in order to obtain Bitcoins with PayPal and then transfer them to your desired Litecoin exchanges.bitcoin manual pdfThe process includes buying Second Life Lindens (SLL) with PayPal and then convert your SLL to Bitcoins.bitcoin penny stocksYou will be charged transaction fees of around 11% but will let you purchase bitcoins pretty quickly as opposed to a wire transfer.global bitcoin summit 2014

The reason this method works is because you do not buy bitcoins with PayPal directly, you only buy SLL with PayPal (which is acceptable by PayPal's TOS) and then exchange your SLL to Bitcoin.It is also possible to purchase litecoins using a peer-to-peer exchange such as Litecoinlocal.net--this means that you will be buying from a seller on that website with much lower fees than if you turned to one of the few PayPal accepting exchanges.bitcoin cnetCredit cards are also eligible for chargebacks so it is difficult to use them for purchasing crypto currency.bitcoin peso chilenoYou can fund your BTC-E account with MasterCard/Visa via Payeer.bitcoin pool comparisonThe same method that worked for PayPal can be implemented here as well.litecoin issues

Credit/debit cards (MasterCard, Visa, Visa Electron, Maestro) are accepted by 247exchange.Before using any service it's a good idea to look for reviews or forum posts about that service.When buying from individuals it's better to use an Escrow service such as the one available on Litecoinlocal.net.We have entered the age of digital currency.Bitcoin has gone from relative obscurity to being a household name.next bitcoin nxtIn May, the coin smashed its way through the $2,000 barrier like an angry bull in a china shop.bitcoin blade power supplyBitcoin’s 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.It’s best to start at Litecoin’s 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 Bitcoin’s “gold,” with Lee promising the digital currency would fix many of Bitcoin’s problems.Litecoin is currently the fifth biggest currency, with a market cap of $1,782,973,718 billion.This makes it one of Bitcoin’s 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 is decentralized.There is no centralized authority, building, or headquarters.The currency flows freely on the internet.This means it is far more secure than paper currency.And since no government can regulate it or overproduce it, Litecoin’s value rests in the hands of the people.Like almost all digital currencies, Litecoin is produced through a process called “mining.” Miners use computers to process Litecoin transactions, which are presented as algorithms the computers must solve.When the computers solve the problems, more Litecoins are added to the network and the miners are rewarded with their shares.There are a fixed amount of Litecoin in the world — the volume of Litecoin can never exceed $84 million.After we reach that point, the coin has the ability to be broken down into minute payments.The mining process and the currency’s finite cap shield Litecoin against hyperinflation.It also allows the currency to regulate itself.Every time a transaction is verified, the network becomes more secure.

It is clear that Bitcoin and Litecoin are similar in many ways, but they are also very different.And it is from those differences that Litecoin gleans its value as a digital currency.Bitcoin was the first digital currency in the world, and this has given it a leg up in the competition.But Bitcoin’s early arrival is also the source of many of its shortcomings.Today the developers behind major digital currencies have identified Bitcoin’s weaknesses and altered their currencies to fix the issue.This means that even though Bitcoin was the first technology to use certain technologies — specifically a groundbreaking network called blockchain — the currencies that followed may use that technology more efficiently.Blockchain technology is the foundation of all digital currencies.Envision it like this.Every time a transaction or exchange happens in a digital currency network, that action is recorded in a “block.” Each of these blocks is attached to a slowly developing chain.Anyone on the network has access to the information in the blockchain.

This means that transactions are public knowledge, even if the users remain anonymous.This framework also makes digital currency very secure.Litecoin actually uses this technology more efficiently than Bitcoin.The Litecoin blockchain generates a new block every 2.5 minutes.This is 7.5 minutes faster than Bitcoin can produce a block.This will appeal to merchants who want a faster transaction.Of course, in the world of Bitcoin, merchants can accept a payment immediately if they forgo security.But in a digital security world that is generally unregulated, throwing caution to the wind often ends badly.With Litecoin, you get both security and speed.And this speed just kicked up a notch.On May 10th, Segregated Witness (SegWit) was activated in the Litecoin blockchain.SegWit is the process in which blocks in the blockchain are made smaller by extracting signature data from transactions.This process allows Litecoin to process lightning fast payments.The first of these payments happened on May 11th.

Money was sent from Zurich to San Francisco in under a second.But Litecoin is valuable for more than just its speed.It also has widespread consumer appeal.In the world of digital currency, the number of coins that can exist is finite.There can never be more than a certain amount of Bitcoins in the world — and the same applies to Litecoins.But the total amount of coins that can exist varies by digital currency.This actually works in Litecoin’s favor.Litecoin will publish more coins on the market than Bitcoin.This will appeal to consumers.A study by Dr. Judith Holdershaw, a senior lecturer at Massey University, concluded that 57% of retail shoppers opt for a product with a rounded price.Even more telling, 4% of those customers paid more just to round the price.The proof is in the pudding: People like to pay with full numbers.This can explain our aversion to pocket change and lose bills.Because there will be less Bitcoin in circulation, it will have to be broken down into decimals.That means you will be paying .002 BTC for a cup of coffee.

Since more Litecoin’s can be on the market than Bitcoin, it is more likely that people will be able to buy commodities with whole numbers.Outside of transaction speed and volume, there is another key difference between the two currencies: their algorithms.For those of you completely new to digital currency, digital currencies are composed of code.In the case of Bitcoin and Litecoin, those codes use two different algorithms.Bitcoin uses the SHA-256 hashing algorithm, Litecoin uses a scrypt hashing algorithm.Now, both of these algorithms are powerful.But over the years, the SHA-256 has made it more complex to get Bitcoin through the mining process.Bitcoin miners have to employ increasingly complex technology to extract a relatively small amount of Bitcoins.Litecoin’s scrypt hashing algorithm makes it easier for miners to access the system.This could cause a couple of things.First, it could encourage more novice miners to participate in the Litecoin system.This will help with widespread Litecoin usage since many users will be miners that never got a chance to mine Bitcoin.

Second, the simplicity of Litecoin mining could actually steal Bitcoin miners.It is true that Bitcoin is worth significantly more than Litecoin, but most Bitcoin mining is carried out by supercomputers.The algorithms have become too hard for everyday miners to crack.This means that many miners tired of struggling over Bitcoin would transition over to Litecoin.It is clear that Litecoin is going to be a powerful digital currency.Of course, it’s too early in the game to speculate on who will win the digital currency race.In fact, there could be no winner.The future financial system could operate using dozens of digital currencies.And Litecoin is likely to be one of them.Its days of riding on Bitcoin’s coattails are nearly over.The jump is coming.We have already started to see this in the digital currency’s dramatic jumps this past month.This means if you intend to buy Litecoin under $50 dollars, it is time to buy.Luckily for investors, Litecoin is a fairly easy digital currency to purchase.