Hi there! Today I’d like to talk about some alternatives to bitcoin. Since you are going to trade bitcoins online and make money by playing markets exchange rates, it would be wise to take some other cryptocurrencies into consideration. Have you ever heard the proverb saying not to put all your eggs into one basket? This is basically it.
There are lots of popular cryptocurrencies on the market today, with bitcoin, ripple, litecoin, ethereum, stellar and cardano being the most popular ones. I prefer litecoin myself, because it is basically affordable, fast, secure and reliable (just as it’s older brother, BTC). Litecoin in a nutshell is almost the same as BTC, but just a little bit faster. Being a fork of bitcoin, litecoin is being updated simultaneously with BTC. Also, some cool features, like private transactions, are being developed right now (according to Litecoin founder, Charlie Lee).
Litecoin is always referred to as the silver coin, with Bitcoin being the gold one. That is pretty simple, since bitcoin price is rising constantly (significant rise began in the beginning of 2019), it is not very prudent to use it for everyday transactions. It’s wise to use some lightweight alternative for everyday transactions, and store your wealth using some heavy guys like Bitcoin. Litecoin offers faster transaction rates. Another significant plus is that litecoin network can generate maximum of 84 million LTC, making it pretty easy to mine even today in 2019. I don’t recommend mining though, because trading nowadays is a better and more efficient way.
So, even if you are not going to trade litecoins online, i recommend you to get acquainted with LTC anyway. You just need to download a client if you want to mine some. Just be sure to avoid online scam, and download litecoin client software only from the official site. Detailed instructions are provided from the box to start mining. When i started my cryptocurrency journey, I had only old dad’s PC, so mining was not an option for me. If you are not sure that your hardware will be able to mine litecoin (just like mine) then buying litecoins online will be a good option. There are lots of good online markets online, offering different exchange rates.
You can read here about my preferred trading platforms – all of them have pretty fair exchange rates, affordable minimum amount and fantastic service. So don’t doubt and join online trading army today, before it is to late.
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