Coinbase makes it easy to convert your local currency into and out of Litecoin.On this page, you'll learn how to buy Litecoin and store it securely in a wallet.1 Sign up for Coinbase The first step is to sign up for a Coinbase account.This will give you a secure place to store your Litecoin, and easy payment methods to convert your local currency into or out of digital currencies.Sign up here › 2 Connect Your Bank Account, Credit Card or Debit Card After you sign up, connect your bank account, credit card or debit card.You'll need to complete some verification steps before you can use the account.Once the verification steps are complete, you can start a purchase.Add A Bank Account › 3 Buy and Sell Litecoin After starting your first purchase, we'll complete your buy and deliver your Litecoin.(Sells work the same way but in reverse).The price of ether changes over time, so we'll show you the current exchange rate before you buy.We are pleased to announce that Coinbase is adding support for Litecoin.

Customers can now easily buy, sell, send, and store Litecoin via the Coinbase website or mobile apps. or tap on “Buy” or “Sell” options in our iOS or Android apps.At Coinbase, our mission is to create an open financial system for the world.We’re paving our path to that goal by creating the most trusted and easiest way to buy/sell digital currency.With the addition of Litecoin, one of the most trusted and popular digital currencies, we are moving one step closer to our goal.For more information on Litecoin, please check out this beginner’s guide to Litecoin by Coinbase product manager, Linda Xie.Your feedback is important to us.Feel free to reach out to us at our Community Forum.If you don’t have a Coinbase account, sign up here!Buy Bitcoin Invest in bitcoin slowly over time by scheduling buys weekly or monthly.Buy Bitcoin Start trading bitcoin Get profit from trading on Bitcoin price difference.Create bitcoin exchange accountCoinbase has just rolled out full support for Litecoin, its third cryptocurrency.

Users will be able to buy, sell, send and store Litecoin from Coinbase’s website or mobile apps, using easy payment methods like a credit/debit card or PayPal.While Coinbase was founded as a platform to transact only with Bitcoin, the company has since announced its intent to add other cryptocurrencies with the broader goal of becoming a “digital currency company.” Last summer Coinbase added support for Ethereum, which is now the second most-popular digital currency with a market cap about one-third the size of Bitcoin’s market cap.At the time, the reasoning was that Coinbase saw Ethereum’s focus on smart contracts as a tangible improvement over Bitcoin, and not just another alt-coin that doesn’t serve any real function.Interestingly, Litecoin’s creator, Charlie Lee, has been director of engineering at Coinbase for nearly four years.And while there were always ongoing discussions about adding Litecoin to the platform, they didn’t really materialize until recently.

Lee explained that it’s been a slow few years for Litecoin.While the digital currency had a heyday in late 2013 with its price spiking to over $50 per coin and over $1 billion in total market cap, it quickly fell back to earth and basically remained flat for three years.So why the sudden change?If you’re familiar with Bitcoin you know that the community is facing an internal struggle with deciding how to scale the currency for the future.linux bitcoin command lineEssentially, Bitcoin’s original code wasn’t designed to process this many transactions on a daily basis, and now the network is charging too much per transaction, which takes too long to confirm.bitcoin to zar chartLuckily there are two main proposed solutions: Bitcoin Unlimited, which aims to get rid of the block size limit altogether, and Segregated Witness (SegWit), which wants to slightly increase the block size while also moving some non-essential data out of the transaction and off the blockchain.ethereal approach definition

Both solutions would require a “fork,” meaning the majority of miners would have to agree on the changes and signal to slightly alter the currency’s blockchain.So far the Bitcoin community has been unable to reach a consensus on how to fix the scaling issue.A few months ago Lee and the Litecoin community decided to work on implementing SegWit into Litecoin.bitcoin perthAnd after heated discussions with the biggest players in the Litecoin mining community, the group reached consensus about a week ago to implement SegWit.bitcoin decreaseLast week, miners “voted” with their hash power to signal for SegWit, and the actual code will be implemented next week.ethereum historical valueWhile Litecoin is still small enough that it’s not suffering from the same scaling issues as is Bitcoin, the team thought it’d be a good way to bring something exciting to Litecoin.

Plus, SegWit has some other benefits besides just increasing network capacity.It prevents malleability, which is essentially the risk (that currently exists in Bitcoin) that third parties can alter transactions before they are confirmed by the network.Implementing SegWit will also allow Litecoin to experiment with something called Lightening Networks — which would essentially allow for instant Litecoin payments off the main blockchain, with transactions only settling on the chain when they need to.And perhaps best of all, these recent developments have rekindled interest in the Litecoin currency, sending the price (and more importantly, volume) skyrocketing.This increased trading volume is what finally allowed Coinbase to implement Litecoin, knowing they now have a liquid enough market (on the Coinbase-owned exchange GDAX) to supply user demand.Essentially, Lee sees Litecoin’s long-term goal as being able to help Bitcoin alleviate some transactional volume by taking over smaller, less important transactions.