Litecoin is one of the most popular cryptocurrencies to date. It has seen a meteoric rise in prices this year, attracting many new investors. But are you wondering what Litecoin is exactly? Well, this guide will help you get started investing in Litecoin.
So are you ready to invest in LTC or BTC? Then scroll down for more information on starting investing in LTC and BTC!
What is Litecoin?
Litecoin (LTC) is a cryptocurrency like Bitcoin. An ex-Google employee created it, Charlie Lee, who is graduated from the Massachusetts Institute of Technology. Litecoin was created with the intention of providing an alternative to Bitcoin while still maintaining some of the same features of Bitcoin.
Litecoins are mined using an open-source algorithm that allows anyone to take part in mining just by downloading their software onto their computer. The algorithm also differs from Bitcoin’s in that it produces blocks four times faster than bitcoin does.
How to Buy Litecoin
Buying Litecoin is actually relatively simple. You can buy it on an exchange, like Alligator, or you can purchase it with cash at any major bank. Once you’ve acquired some LTC, you can store them in a software wallet or hardware wallet.
If you’re interested in buying Litecoin, you’ll want to start by setting up an account with one of the many exchanges that offer trading pairs for LTC. The two most popular exchanges are Binance and Bittrex.
Once your account is set up, you’ll need to deposit funds into your account by transferring money from your bank to the exchange. It usually only takes a few minutes before being available for use on the platform. You can then go ahead and purchase LTC just as if it were any other cryptocurrency!
How to Exchange LTC to BTC
Once you’ve obtained some Litecoins, it’s time to invest them. If you’re looking to sell them back to Bitcoin, make sure you know how to exchange your LTC to BTC.
It is the most common way to trade digital currencies. Bitcoin has become one of the most popular cryptocurrencies on the market today, which makes it an easy option for converting Litecoin into Bitcoin.
How to convert LTC to BTC
After Visiting Alligat0r,
- Go to the exchange page, and from the popular pair, select the currency you want to exchange, i.e., Ltc to BTC.
- Indicate how many coins you’d want to exchange.
- Choose the type of rate you want. Fixed and floating rates are the two types of rates.
- Enter the wallet address in which you want to receive the coins after exchange.
- You can see how many coins you’ll get when you complete the transaction
- You will get the coins at the desired address.
Exchanges like Coinbase and Binance are good options for exchanging your LTC. Simply select the quantity of Litecoin that you want to convert and how much Bitcoin you would like in return. These exchanges then supply their own address for where they want the Bitcoin sent.
Conclusion
Bitcoin has been getting all the press these days, but don’t forget about Litecoin! Litecoin is a decentralized peer-to-peer cryptocurrency that provides faster transactions with low fees. Learn more about it and how to exchange Litecoin for Bitcoin.
If you are looking for a safe and secure platform to exchange Litecoin to bitcoin, in that case, you can simply visit the alligat0r exchange aggregator, which helps you to exchange currency at affordable rates.