About this project

### What Is Litecoin?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.

Lee’s intention behind Litecoin was to create a “lite version of Bitcoin,” and its developers have always stated that Litecoin can be seen as the “silver” to Bitcoin’s “gold.” Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block. However, Litecoin users may have to wait up to around 30 minutes for their transaction to be processed due to network congestion.

Litecoin is accepted at a variety of merchants, you can see an updated list on the Litecoin Foundation’s website.

### How Do You Mine Litecoin?

Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC-based mining rigs are not suitable for Litecoin mining.

In the beginning, Litecoin block rewards were 50 Litecoin, but the block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.

### Where Can You Store Litecoin?

Litecoin can be stored like most cryptocurrencies either on an exchange or in a cold or hot storage wallet.

### How Can You Buy Litecoin?

You can buy Litecoin at any exchange that supports the cryptocurrency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our [market pairs tab](https://coinmarketcap.com/currencies/litecoin/markets/). Remember to do your own research before choosing an exchange.

Basic Info

Name Litecoin
Symbol LTC
Category coin
Project website https://litecoin.org/
Withdrawal fee 0.0299 LTC
Deposit enabled Yes
Withdrawal enabled Yes
Supply Total:
Circulating:

Social media

Available markets

Symbol Min amount Max amount Min cost Max cost State
LTC / XBASE-B 0.02 LTC 2900 LTC 50 XBASE-B 10000000 XBASE-B Delisted
LTC / ETH 0.02 LTC 2900 LTC 0.006 ETH 1000 ETH Trading
LTC / XBASE 0.003 LTC 5600 LTC 170 XBASE 10000000 XBASE Trading
LTC / EBASE 0.02 LTC 2900 LTC 1 EBASE 200000 EBASE Trading
LTC / USDT 0.02 LTC 2900 LTC 1 USDT 210000 USDT Trading
LTC / BTC 0.02 LTC 2900 LTC 0.001 BTC 25 BTC Trading
LTC / EUR 0.02 LTC 2900 LTC 1 EUR 200000 EUR Trading