Since litecoin is known as digital silver (bitcoin being digital gold), many investors chose to buy LTC as one of their first crypto investments. But which exchange is best? What’s the best and most simple platform through which to buy litecoin (LTC)? Here’s everything you need to know about how and where you can get your hands on the original altchain.

What is litecoin?

Litecoin was created as a bitcoin spin-off in October 2011 by Charlie Lee, an ex-Google employee.

How does the litecoin network compare to bitcoin? The first difference is the mining algorithm, which has been changed from SHA256 to Scrypt. Another core difference is that litecoin’s total supply is 84 million, compared to bitcoin’s 21 million.

Litecoin has a privacy feature called Mimblewimble, which makes transactions invisible to anyone who isn’t directly involved. LTC is faster, cheaper, more plentiful, and more private than bitcoin.

How to buy litecoin

Let’s take a look at exactly how to buy Litecoin, step by step. We’re going to demonstrate exactly how the process goes using the eToro platform. Do note that you won’t be holding your private keys by using any of the mentioned platforms to purchase crypto.

If you wish to have control over the private keys of your crypto wallet, you need to create a non-custodial litecoin wallet. Then transfer the coins to that wallet address after you purchase them. eToro offers the eToro Money app, which allows you to do just this.

Here are the steps you need to follow to buy litecoin after you log on to eToro.