People have often described litecoin as silver to bitcoin's gold.It is the third largest cryptocurrency after bitcoin by market cap, with Ripple sitting in second place.Litecoin was developed as a bitcoin alternative to address some of that cryptocurrency's perceived shortcomings.It was designed to be ‘lightweight’ and more abundant than bitcoin.In addition, it uses scrypt as its proof-of-work algorithm, which was aimed to make it impervious to ASIC mining, although several companies say they are planning to launch scrypt ASIC miners in the near future.A total of 84 million litecoins can be produced on the network (compared with 21 million BTC), which was designed to process blocks faster than bitcoin.If you would like to know a bit more about litecoin, then read this more detailed introduction on how to get started.Some points of note before you buy litecoin: If you are aware of the risks, if you’ve done a lot of research and you are still willing to enter the litecoin market, there are a number of potential pitfalls and issues that need to be addressed.

Buying litecoins is not as straightforward as buying bitcoins, but this is hardly surprising given the lesser-developed litecoin infrastructure.One of the easiest ways of buying litecoins is to simply purchase them with bitcoins – this approach also happens to be the fastest, and for most users it will be the cheapest option.Anyone with a stash of bitcoins can easily use them to purchase litecoins on a number of exchanges: At present, one of the biggest issues facing litecoin is the lack of exchanges willing to deal in it.bitcoin nuevo ricoThere are roughly two dozen litecoin exchanges, but most of them only allow BTC/LTC conversions, making the buying process cumbersome.bitcoin 25 gh/sBTC-E, Bitfinex, Crypto-Trade and Kraken sell litecoins for euros, dollars and roubles, but availability depends on your location.buy bitcoins kraken

For example, UK investors can buy litecoins directly from Bittylicious and BitBargain with a domestic banking transfer, but this is not the case in most countries.Australians can convert to and from AUD at CoinSpot.You can buy litecoins for fiat on these exchanges: You may think the most straightforward way to purchase would be to buy litecoin via fiat wire transfer using an exchange, but this can be a tedious process for a number of reasons.Some major bitcoin exchanges like BTC China and Coinbase do not handle litecoin transactions at present.ethereal yacht ownerSpeed is the most obvious advantage of using bitcoin to buy litecoin.bitcoin hack apkIn theory, it should take just minutes, whereas international wire transfers can take days to clear and potentially incur additional costs.bitcoin timeline chart

The limited number of litecoin exchanges means that the vast majority of potential investors have to rely on international transfers.An alternative is to buy bitcoin locally, forgoing the hassle of wiring money abroad, and converting it into litecoin.The upside is that you will get your bitcoin sooner and possibly get a better price when you convert it, provided litecoin's value keeps going up.You are likely to pay more for bitcoin if you are limited to the local market.A number of exchanges offer online litecoin wallets, but they are hardly elegant solutions.how to buy bitcoin krakenMany users will want something more secure, like cold offline wallets.bitcoin store torontoLuckily, litecoin features built-in encryption that you can use to protect your wallet in just a few clicks.bitcoin l3

That said, the choice of litecoin wallets is rather limited compared to those available for bitcoin.Many users choose to use the official Litecoin-Qt desktop client, but it has its fair share of foibles, including reported syncing issues.Electrum also has an offering (OS X/Linux/Windows) using a 12-word security passphrase (or 'seed') to protect your account.A few online wallets charge users for transactions and even plain storage, so be sure to read the fine print.For longer-term cold storage, you may want to setup a litecoin paper wallet.It is also possible to get credit card-quality ‘paper wallet’ cards from Crypto Coin Wallet Cards, while a few smaller companies are already selling physical litecoins or coin holograms.You can keep up to date with the latest litecoin news here.Litecoin network data can be found here.Latest news: 30/05/17 Update: new features, verification.0 26/04/17 Update: new features 0 BTC/USDBTC/RURBTC/EURLTC/BTCLTC/USDLTC/RURLTC/EURNMC/BTCNMC/USDNVC/BTCNVC/USDUSD/RUREUR/USDEUR/RURPPC/BTCPPC/USDDSH/BTCDSH/USDDSH/RURDSH/EURDSH/LTCDSH/ETHETH/BTCETH/USDETH/EURETH/LTCETH/RUR switch to old charts Buy BTC Amount BTC: Price per BTC: USD Total: 0 USD Fee: 0 BTC Sell orders Total: 3223.58 BTCpriceBTCUSD2 Sell BTC Amount BTC: Price per BTC: USD Total: 0 USD Fee: 0 USD Buy orders Total: 17244200.92 USDpriceBTCUSD3 Your current active ordersTypePriceAmount BTCTotal USDDateActionNo active orders at the moment.

At the moment, the fee for transactions is 0.2%.Trade history: DateTypePriceAmount (BTC)Total (USD)Sell2676.999 USD0.004 BTC11.562 USDSell2676.999 USD0.001 BTC2.676 USDBuy2677.001 USD0.062 BTC167.603 USDSell2677.001 USD0.250 BTC669.772 USDBuy2677.5 USD0.002 BTC5.355 USDBuy2677.7 USD0.149 BTC400.014 USDBuy2677.45 USD0.100 BTC269.908 USDBuy2677 USD0.058 BTC156.751 USDBuy2677 USD0.050 BTC136.208 USDSell2676.999 USD0.05 BTC133.849 USDBuy2676.999 USD0.451 BTC1209.127 USDSell2676 USD0.018 BTC49.392 USDSell2676 USD0.014 BTC39.448 USDBuy2676.999 USD0.003 BTC8.303 USDSell2676 USD0.0033 BTC8.8308 USDBuy2677 USD0.001 BTC3.815 USDSell2676 USD0.031 BTC85.201 USDBuy2676.999 USD0.002 BTC7.026 USDBuy2676.5 USD0.002 BTC5.353 USDBuy2677 USD0.0162 BTC43.3674 USDSell2676 USD0.045 BTC121.318 USDSell2676.1 USD0.2 BTC535.22 USDSell2676.35 USD0.15 BTC401.4525 USDSell2676.351 USD0.272 BTC729.744 USDSell2676.6 USD0.1 BTC267.66 USDSell2676.8 USD0.017 BTC46.990 USDBuy2677 USD0.04 BTC107.08 USDBuy2677 USD0.019 BTC53.108 USDBuy2676.999 USD0.028 BTC77.627 USDBuy2677 USD0.0027 BTC7.2279 USDBuy2676.999 USD0.01 BTC26.769 USDBuy2677 USD0.01 BTC26.77 USDBuy2677.45 USD0.004 BTC12.003 USDBuy2677 USD0.005 BTC14.768 USDSell2676.005 USD0.001 BTC3.824 USDBuy2677.999 USD0.007 BTC20.462 USDBuy2677.999 USD0.05 BTC133.899 USDSell2677.789 USD0.050 BTC136.247 USDSell2677.989 USD0.0808 BTC216.381 USDBuy2677.999 USD0.674 BTC1806.753 USD disable chat | ignore-list Users in the ignore-list: kashacharya: I think there will be suprise rise upwards for ETH late Sunday / Mondayjavadth: brichard, first of all need to hit 330javadth: ETH acting confusingelzix88: http://litecoin.mit.edu/ all coins will make some space for LTCjavadth: that past losses scaring peopleFitness: If btc and ltc are holding or climbing there is no reason why Nmc ppc nvc should drop, if we have a slow saturday be careful from trapsbrichard: anyone know how to buy gulden with an US bank account?javadth: elzix88, what is it ?brichard: Gulden is the digital currency of the netherlandsTomBach: nvc nmc crash sellmad95: weekend is coming :pFitness: Otherwise no reason why we cant carry on the rise, Btc hopefully has its bull run and ltc but even then Alts should followmalatenango: brichard, Gulden Draak is a great beerbrichard: malatenango, yes it is i can verifyrajatbansal15: Market seems to be boring, I think we all should go for a holiday :POtaner: eth network is going to be clogged again soonFitness: As long as no major drops in Btc alts are fine to continue the journey to ATHTomBach: nvc nmc crash sellbrichard: watch LTC here it looks like a perfect time to go long but watch it fail after a short bump up and then someone slaughters the longs with theis short positionyusufcan1907: Dear mlayim, We are delighted to inform you that Litecoin (LTC) trading is now available at Bitstamp!

In addition to the BTC and XRP trading pairs available, we now have three more to announce.Please join us in welcoming LTC/USD, LTC/EUR and LTC/BTC into the fold!For more detTomBach: red red red nvc nmc crash sellOtaner: a bit late to the party lolrajatbansal15: TomBach, Seems like you want to Buy these cheapCaptainClaw: yusufcan1907, old newsjavadth: rajatbansal15, :Dbrichard: see how LTC will not rise above resistance... this means new money is accumulating and a short play is about to unfoldGlobalCoinCorp: Who is sleeping in coin?brichard: i think i will head over to trade ICOs due to the level of price manipulation going on hereTomBach: nvc nmc crash selljavadth: TomBach, mankurlywan: korecoin up 332%brichard: ICOs are more predictable than these coins nowkurlywan: now that is a nice profitjavadth: if u want to but , just buybrichard: if ETH were heading higher it would have already done itrajatbansal15: javadth, Right!Don't just misguidebrichard: ETH is waiting for a load of new money so that a major short trade can unwind at lower pricesbrichard: LTC has the same price accumulation going on so bewarenasrin83: Fitness, what type of trap need to careful ?