A Quick Start Guide to Litecoin

 

Where Do I Buy Litecoin?

One of the safest and most secure ways to buy Litecoin is through verified cryptoexchanges.  I personally recommend Coinbase.

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This guide will take you through the process step-by-step for Coinbase.  It also has a list of other recommended exchanges.

Where Do I Store Litecoin?

If you keep cash in a wallet, then you keep Litecoin in a Litecoin wallet.  The recommended Litecoin wallet for newcomers is Electrum-LTC.  It's simple, fast, and easy to use.  Click on the Electrum-LTC logo below for a guide on how to properly set up your Litecoin wallet.

However if you have a little extra cash to spend, I highly recommend a hardware wallet as it is one of the most secure ways to store your Litecoin.  Read more about the advantages of a hardware wallet here.

 

How Do I Send Litecoin to My Wallet?

You can send Litecoin to a Litecoin address like you would send e-mails to an e-mail address.  The difference is that Litecoin wallets will give you hundreds of Litecoin addresses.  This helps protect your identity and pseudoanonymity.  If you click on the "Receive" tab, Electrum-LTC will automatically select a Litecoin address that you can use.  Copy that.

Now go back into your Coinbase account -> Accounts-> LTC Wallet->send-> paste the Litecoin address you copied from Electrum-LTC. 

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It is very important that you copy the right address.  Sending it to the wrong Litecoin address is like sending an e-mail to the wrong e-mail address.  You'll never get it back. 

Confirm That Your Received It

Wait a few minutes to confirm that your Electrum-LTC shows the correct balance of Litecoin.  This usually takes 2.5 minutes.


Congratulations! 

You are now a proud owner of Litecoin.  Please take your time reading through the Litecoin 101: Newcomer Guides to learn more about blockchain technology and how to keep your Litecoins safe!


Remember to share with your friends and donate below! Until next time, onwards and upwards. 😁


Official Litecoin Websites:

  1. https://litecoin.org/

  2. https://litecoincore.org/
  3. https://litecoin-foundation.org/
  4. www.reddit.com/r/litecoin (I’m a moderator here. Come say hi!)
  5. www.reddit.com/r/litecoinmarkets
  6. https://ltc-aggr.com/
  7. Official Litecoin Community Chatting Channels: Discord, Telegram, IRC.

L.S.C. Donation Addresses

LTC: LgGHRsbYHs93gKttBMehLzth3xDAU3tCSZ

BTC: 3HFCMjr6xQKSfmU7wCPzrZJVvgwrdf7Qzd (Segwit address. Legacy and Segwit chains accepted)