Why buy litecoin instead of bitcoin

Compare Investment Accounts. Dash is a blendword for Digital Cash. Phil Davis — The Progressive Investor.

Buy Litecoin with Credit Card or Debit Card

Over the past several years, public interest in cryptocurrencies has increased dramatically. The main focus of this interest has been Bitcoinwhich, following the release of buuy first public client inhas become the dominant name in cryptocurrency. Since then, however, many other cryptocurrencies have entered the scenewith at least 20 tracked by major financial news sites each day. Among these, one name which has garnered increasing interest is Litecoin. On the surface, Bitcoin and Litecoin have a lot in common.

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method. Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange. Coinbase is the easiest way to buy litecoins with a credit card. Coinmama recently added the ability to buy litecoin directly on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Bitcoin makes use of the longstanding SHA algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt. Whereas state currencies such as the U. Phil Davis — The Progressive Investor. Bitcoin Bitcoin vs. Real Money Pro Portfolio. ETF Focus. Bitcointo many, is bitcoim original cryptocurrency that has thus far maintained its status as the most popular. The offers bitcoib appear in this table why buy litecoin instead of bitcoin from partnerships from which Investopedia receives compensation. In both Bitcoin and Litecoin, the process of confirming transactions requires substantial computing power. Biotech Maven. However, both Litecoin and Bitcoin use algorithms that use computing power to process transactions, which is accomplished by «miners» confirming transactions in their networks with their computing power and receiving coins in exchange. Instdad way these two algorithms affect the difference between Litecoin and Bitcoin is based off of is the speed by which they are able to mine respective coins. Popular Courses. Bitcoin can produce a total of 21 million coins in its network.