What is LiteCoin?
Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'. As of today, Litecoin has the 3rd highest market cap of any mined cryptocurrency, after bitcoin and ethereum.
How is Litecoin different than Bitcoin?
The Litecoin Network can process a block every 2 and a half minutes, rather than Bitcoin's 10 minutes, which allows for faster transaction confirmation. Also, 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. Plus, the platform is set to produce 84 million Litecoins instead of the 21 million Bitcoins issued by the Bitcoin Network.
How to buy LiteCoin?
First of all you need to make a digital currency wallet, where you can store digital currency. When you have your wallet, you can login to your Coinvertit.com account and you can easily buy Litecoins via local bank transfer or SEPA bank transfer.
Where to create my LiteCoin walle
You can get your Litecoin wallet at Litecoin.org
. Some other popular Litecoin wallets are: Jazz and Electrum-LTC or you can also get a hardware wallet like: Ledger Nano or Trezor or a paper wallet at: LiteAddress.org
How to sell LiteCoin?
Please login to your Coinvertit.com account and access Sell Crypto / Sell LTC option. Enter the Litecoin amount you wish to sell. You will be provided with a onetime Litecoin address where you can send the amount and we will send RON / EUR to your bank account as soon as we receive your Litecoin payment. The exchange process might take a few minutes as our system detects the incoming transactions.