How to buy Litecoin?

Litecoin is a cryptocurrency as well as an open source project under X11 license - one of the simplest and most liberal open source licenses. It was inspired by and is almost identical technically to Bitcoin as it was created and transferred without the central issuer. There are only three basic features that distinguish Litecoin from Bitcoin:
  • Firstly - Litecoin processes a block every 2.5 minutes while Bitcoin does it every 10 minutes, which allows for faster confirmation of the transaction.
  • Secondly - the Litecoin network will produce at least 84 million LTC, which is four times the maximum number of bitcoins.
  • Thirdly - Litecoin takes the "Scrypt" as a mathematical proof of performed activities (proof of work).
If you wonder how to buy Litecoin, we are here to clarify this issue. Buying Litecoins is almost the same as buying Bitcoins. This cryptocurrency can be easily bought or sold in a cryptocurrency cantor - you can do it quickly and without unwanted formalities, which can often cause unnecessary difficulties. Another equally effective way to buy this token is a cryptocurrency exchange. In this case, Bitcoin is used relatively often when concluding such transactions (BTC/LTC exchange). However, before you make a specific investment decision - think carefully! Exchange rates of individual digital assets are highly volatile and it should be remembered that investing in this industry is often associated with a high risk of losing money.