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Litecoin is one of the better known, most traded, and most valuable cryptocurrencies on the market. Many investors prefer to hold on to their Litecoin and would even like to add more to their crypto portfolio. Buying LTC outright is always an option but there are other ways to get your hands on additional Litecoin.
As a matter of fact, there are multiple methods available to earn Litecoin. Just about anybody can learn how to make Litecoin if they know about the different methods available. Here are a few of the different options out there to get free Litecoin. One of the more popular ways to earn Litecoin online is through crypto lending and trading. Traders can leverage their existing crypto holdings to buy and trade Litecoin online.
Crypto lending platforms offer loans with no credit checks as long as the borrower has cryptocurrency they can use as collateral to secure loans. Loans can then be used to trade crypto. Experienced traders who know the market can do well whether the price of Litecoin is up or down. The basic process is fairly simple:. Leveraging crypto assets to trade is a popular method to earn Bitcoin and other cryptocurrencies as well as LTC.
There are many crypto lending platforms online. We have provided you with information on 3 of the top platforms to make selecting one easier. Founded in , BlockFi is a New Jersey based crypto lending platform that offers crypto based loans, interest earning accounts, and crypto trading for Litecoin and several other cryptocurrencies.
The current interest rate for Litecoin accounts is 6. There is no minimum deposit requirement to open an account and no monthly fees to deal with. Litecoin backed loans are also available. YouHodler is a Switzerland based crypto loan platform that opened its doors in The site offers interest earning accounts for 22 different cryptocurrencies including Litecoin.
YouHodler LTC accounts interest rates are currently at 5. There are no monthly fees on YouHodler interest earning accounts. Loans may be secured using 18 different cryptocurrencies as collateral including Litecoin. CoinLoan was launched in and is a crypto lending platform based in Estonia. They offer interest earning accounts for 2 fiat currencies and 16 cryptocurrencies including Litecoin.
Litecoin accounts can earn interest as high as 7. Without staking Litecoin accounts earn 5. Crypto backed loans are another service offered by CoinLoan. Litecoin and several other cryptocurrencies are accepted as collateral. Try the combinations of these methods and use the Litecoin wisely. You might also like reading — How to convert Bitcoin to Cash. Your email address will not be published. Share Tweet Pin LinkedIn. Like Bitcoin mining , Litecoin mining is the traditional way to accumulate Litecoin.
The Litecoin mining is the easiest way to earn Litecoin. To mine Litecoin we must run the miner software on our PC or miner device s. The miner software will use our PC power to solve the mathematical calculations in order to complete the Litecoin transactions. The Litecoin miners help to run the Litecoin network. Each transaction is registered in the blockchain only with the help of the miners all around the world. To reward miners, they will receive a small miner fee when each block is completed.
Since the number of miners and the difficulty of the block has increased, we need a powerful miner device to make the mining process profitable. At least we need a powerful graphics card to mine a few Litoshis. Nowadays, cloud mining has become very popular where the miners now are not buying mining devices instead the miners started to buy hashing power from the cloud mining companies.
The cloud mining companies will have a large mining plant setup for selling mining power. One can buy the hashing power on those sites to earning Litecoin automatically. Previously a lot of fake cloud mining companies have arisen just to scam the people. Join only the established cloud mining to safeguard your money. Here is the list of best cloud mining companies. Litecoin trading is the advanced method to earn Litecoin. Mostly trading has the highest risks and only recommended to the experienced traders.
But still, you can try trading Litecoin trading using the demo credits or with little investment. Usually, Cryptocurrency trading is prone to high risks because of the volatility in its market value. It can lead to huge gain or loss which is very hard to predict. While investing in Litecoin is considered pretty safer compared to the Bitcoin and other cryptocurrencies, the less the risk the profit will be low.
Also, it might take time to see any major changes in the value of LTC.