How to start investing in Litecoin (or Bitcoin, Ethereum, and other Cryptocurrencies)

A beginner’s guide to trading Litecoin

Hi All!


I’m writing today as Litecoin surged past $200 and all the way up to $400 per coin. After seeing great returns of my own, and answering questions for many of my friends who aren’t sure where to begin, I thought it’d be helpful to pass along one of the best resources for beginners I’ve found!

The following is a great guide to Litecoin sourced by u/Sparkswont!
Whether you’re new to cryptocurrency and have no clue what a ‘litecoin’ is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what’s the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!

Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

Coinbase USD/Euro/GBP

Binance USD & Many Alt Coins

Bittrex USD & Many Altcoins

Quadrigacx CAD

Bithump KRW

OKCoin Euro/Yen/USD

OKex CNY l

Where can I securely store Litecoin?
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don’t control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:

Electrum Lightweight Wallet

Official Core Wallet

LiteVault Secure Web Wallet

Paper Wallet Generator

If you’re a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.




Where can I spend Litecoin?
Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.
Here are also several of our favorite merchants accepting Litecoin.

Where can I discuss Litecoin?
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:


Litecoin Markets Subreddit


Official Forum


Additional Resources and Help
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can’t seem to find the answer too, ask below and someone will help you out!

Streetcharm Brand Inspiration 

Inspiration for the vision behind the Streetcharm Brand clothing startup.

Are you what you wear?

I say that in jest.  Today I’m wearing one of my favorite sweatshirts by Lazy Oaf.  

Despite the comfortable attire, I have been productive from the moment I woke up.

Ever since I can remember, I’ve had a sensitivity to uncomfortable clothes – itchy wool, inseam doesn’t leave room for comfort, etc..  Wearing the wrong texture or fit could noticeably impede my focus throughout the work day.

Simultaneously, I’m a strong believer in starting the morning on the right feet: Bring your best to the breakfast table! When you start the day feeling prepared, put-together, and organized you’re giving your confidence a balanced breakfast.  Even if nobody at the office cares how you look; even if you work from home and see no one at all, good morning habits (personal grooming, self care) that make you feel good about yourself are important because they shift your body into full gear.  Readiness in your appearance translates to confidence in self-efficacy. 
Now, to reconcile the comfort factor with the readiness factor, outfits like these can’t be beat!

This reconciliation is a major motivator behind Streetcharm – to deliver a casual-athleticwear line that still touches a business aesthetic; it is comfort characterized by hustle and success.

Post One

My journey from leaving a deadend job to six-figures as an entrepreneur.

I’m somewhere inbetween “Fired from my deadend job” and “Six-figures from my own business.”  After losing a day job I was at my wit’s end with anyway, I finally had the time to step-up my freelance work as a social media marketer and artist and promotions manager. Three months ago, I joined with two colleagues to create a Real Estate ISA company called The Right Agency, which is projected to break 5-figures in monthly revenue for January! In my free time, I’m planning the launch of My streetwear startup, Streetcharm. My plate is constantly full, and I’ve never felt so driven!

I’m a work in progress and I’ll be tumbling along as I get where I’m going and beyond. I’d love to connect with motivated and inspirational people, as well as people who might need some inspiration themselves!

🍻 to self-improvement, entrepreneurship, and living for you!




Are we connected on other platforms?

Snapchat and Pinterest: MzMarcoPolo

My Company:

Thank you SO MUCH for your kind support! 🙂