Litecoin is a shared cryptographic money and open-source programming project delivered under the MIT/X11 license.
Litecoin was an early bitcoin side project or altcoin, beginning in October 2011. In specialized subtleties, Litecoin is almost indistinguishable from Bitcoin.
Like all cryptocurrencies, litecoin is not issued by a government.
Instead, being regulated by a Federal Reserve and coming off a press at the Bureau of Engraving and Printing, litecoins are created by the elaborate procedure called mining, which consists of processing a list of litecoin transactions.
Unlike traditional currencies, the supply of litecoins is fixed. There will ultimately be only 84 million litecoins in circulation and not one more.
Every 2.5 minutes (as opposed to 10 minutes for bitcoin), the litecoin network generates what is called a block – a ledger entry of recent litecoin transactions throughout the world. And here is where litecoin’s inherent value derives.
So, if you want to earn litecoin, you are in the good place.
We have researched and compiled this list of best and safest ways to earn litecoin fast online 2021.
1. Trading Litecoin To Earn Litecoin
Second Legit way to earn Litecoin is by trading Litecoin on the best cryptocurrency exchanges. Litecoin trading is the most efficient ways to earn Litecoin with investment.
The first basic way to trade Litecoin is to buy and hold. It is also called long-term crypto trading where a user Buys the Litecoin on the current price and then hold it for days, months or years and sell the coin when the price increases.
Another way of trading Litecoin is short-term trading where a user buys the Litecoin and sell it in a matter of a few minutes, hours or a day.
A cryptocurrency trader generally uses this method when an asset is most volatile. This method uses technical trading signals to look for the turning point in short-term trends. Traders make the profit on the swing of the price of Litecoin whether it is upward or downward.
There is another way of trading Litecoin which is Litecoin CFD trading. CFD means Contracts For Difference. CFD trading is a contract between a buyer and a seller.
Litecoin CFDs trading allow you to speculate on the price of Litecoin future market movements, without actually buying or owning it.
Traders whether buying or selling are able to agree to pay on the difference on the price even if it rises or falls. Hence, they can tap into the benefits and risks without actually owning the coin.
Litecoin mining is another legit way to earn Litecoin. But Litecoin mining is not profitable anymore. Because there are various factors which play a decisive role to mine Litecoin and earn a profit.
Litecoin mining is a process of solving the mathematical calculations to mine Litecoin from a block. High configuration computers can perform this mathematical calculation. At first, people used graphics cards to mine Litecoin. Currently, there are devices on the market to mine the bitcoins.
You can buy devices from the Amazon.
But if you are still insisting on mining Litecoin then I can brief few basic steps required to mine Litecoin
Following are the steps mine Litecoin First you should have a high-end Bitcoin mining device, then join a mining pool and download the necessary mining software. Then after completing all necessary initial procedure, just click mining litecoin and let your device mine Litecoin for you.
Your mining device will mine bitcoins day and night for free until it got turned off. But you should have full knowledge about power usage, mining devices, device mining power before you start then only you will get profit through Litecoin mining. ( Litecoin mining realistically is not profitable anymore) But cloud ming is still very profitable and practically I have earned 50x of my investment till now. I am having a lifetime contract.
1. Genesis cloud mining
If you aren’t tech-savvy or willing to give a bit of time to getting it up and running yourself, there is another way. This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf and most popular and reputed cloud mining company isGenesis mining.
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Miningrigrentals is another cloud mining company which is legit. There is almost no risk of fraud. I have been using this service for some time now and there never been an issue regarding payment or something else. They provide low-cost hashpower and contracts are profitable.
Lending Litecoin is another legit way to earn Litecoin. You can lend Litecoin to small SMEs or entrepreneurs using the Litecoin peer-to-peer lending platform like Bitbond and BTCpop.coand can expect a return of a minimum of 20 percent.
But unfortunately, the high reward comes with high risks.
It is highly possible that you lend money to the wrong project.
So do deep research before investing your Litecoin in a project.
If you are able to choose the right project or individual than this method can return a high profit.
There are few people I know who are earning through lending money to start-ups and SMEs.
4.Litecoin Lottery, Litecoin Gambling, Litecoin Casinos, Litecoin dice, and Litecoin betting sites to earn Litecoin
I am not a big fan of Litecoin Gambling, Litecoin Lottery, Litecoin casino, Litecoin Betting, and Litecoin Dice. Because 70% of people tend to lose more than what they earn.
But it is also true that some lucky people end up making their fortunes with Gambling ( extremely rare).
For all those adventures betting freak below are the few Litecoin gambling, Litecoin lottery, Litecoin Dice, and Litecoin Betting sites which stand apart from others and are one of the best in their specific field.
There is almost no fraud case attached to these Litecoin gambling and Litecoin Betting sites
*First, keep one thing in mind before investing. Don’t invest what you can’t afford to lose. This is my humble request to you.
1. One hash
One hash is a mutual Betting platform. It offers Moon, Dice, Goals, and Slots are the few basic betting Games.
But it is much more than a basic betting website.
It allows betting on major e-sports and professional sports.
You can bet on Football, Cricket, American Football (NFL), Tennis, Basketball, Baseball, Rugby, Hockey, Swimming, Combat Sports, and Motorsports.
It also allows betting on movies and other entertainment events.
Cryptocurrencies are no exception on this site You can bet at the assume low or the high price of a cryptocurrency after a certain interval of time.
Cryptocurrencies accepted are Bitcoin, Ethereum, Zcash, Dash, Monero, and Litecoin. It is one of the Best Litecoin faucets where you can claim cryptocurrencies every 10 minutes.
It offers high leverage to investors. One hash without a doubt is the best Litecoin Gambling, best Litecoin Betting, best Litecoin Dice, and best Litecoin investment platform.
To know more in details you can watch the video below
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It is a fast Bitcoin, Ethereum and Litecoin Dice game where you can multiply your coins to increase them. The game is probably fair.
It is also an investment platform where you can invest for a long term to get a substantial profit. Whatever profit platform earns it keeps 35% commission and 65% profit is distributed among investors.
I have invested 0.2BTC on the platform and have almost received 50% of my investment.
It has a decent community base.
YoloDice is paying on time since its launch and can be rated as one of the Best Litecoin Dice, Bitcoin Dice, and Ethereum Dice game.
Bitvest is a Litecoin gambling, Litecoin casino, Litecoin Betting, Litecoin Dice, Litecoin poker, Litecoin slot, Litecoin Plinko, Best Litecoin faucet, and a Litecoin investment platform.
Awesome interface with tons of features. These are the few platforms where I can’t resist myself to play even though, I am not a big fan of Litecoin gambling and Litecoin betting sites.
Watch the below video to learn how to play Litecoin slot at Bitvest
At Bitvest, you can Bet on all the above games or you can invest in the platform for a high return. As a player, you place bets as you normally would, and all winnings are paid out by investors.
As an investor, in exchange for paying out all winnings, you collect all the profits, minus the platform commission. I am an investment freak and I have invested 0.5 BTC on the platform till now it is turning good decision for me.
5. Litecoin Faucets – Earn Litecoin For Free
In simple terms, a Litecoin faucet is a website that gives out small amounts of cryptocurrencies as a reward for doing simple tasks like watching videos and ads, answering surveys, and playin games.
Hello, I am Harsh Vasistha B.tech (IT) from New Delhi, India. Owner and chief author of the Coinexpansion (An Altcoin & Exchange Hub) and Cryptopickup and also run a YouTube vlog https://harshunveiled.live. In fact, I am not a techie but got infatuated with blockchain technology. Coinexpansion is the product of my cryptocurrency learning lust.
Hobbies - An avid reader, knowledge seeker, sports addict, and obsessed with learning diverse stuff.