Bitcoin vs. Litecoin: A Side By Side Comparison

There is finally a form of currency that can be fun to both collect and use. The supplies are very limited, so if you want in on the fun, then you need to do your research and jump in while there are still Bitcoins and Litecoins available.

What Is Bitcoin & Litecoin?

Bitcoin and Litecoin are crypto-currency that can be bought, sold and traded in exchange for services, products and is becoming increasingly popular as an investment. They are also frequently mined using specific computer hardware. There is a maximum amount of both available. In order to get them you have to pay through an exchange or private owner, mine them using the designated hardware or earn them by solving crypto-puzzles.

Which Is Easier To Get?

It takes very specialized and expensive hardware to mine Bitcoins. This makes them more expensive when buying them. There are 4 times as many Litecoins available than Bitcoins. This not only makes them cheaper, but increases access due to the sheer number of them out there. The hardware needed to mine them is what most people already have at their disposal. Litecoins can also be mined using the same hardware as Bitcoins. The Litecoin hasn’t taken off as quickly as Bitcoins, but they are becoming increasingly popular.

Which One Has A Higher Value?

The Bitcoins are more expensive to buy or get the needed hardware for mining, so this gives them an overall higher dollar value. Litecoins have a unique value, since the common person can access them fairly easily. They do not have the same monetary value, but it really depends on where you place value.

Affordability As An Investment

Both Bitcoin and Litecoin have been closely monitored since about 2010. They were found to be used at times for money laundering and drug trafficking activity. There have still been significant investments of all types of currency placed into the ownership of both types of crypto-currency. You can buy Bitcoins with PayPal and you can buy Bitcoins with credit cards. You can also buy Litecoins with Paypal and buy Litecoins with credit cards. It is easy and affordable to invest money in and move large amounts of money and avoid large fees.

Security Features

There are bots and hackers that can strip you of both Bitcoins and Litecoins. No matter which one you choose, using the built-in security feature with the key is the best way to protect them. There are two keys issued. One is public and just makes everyone aware that the Bitcoin or Litecoin exists. The private key issued to the owner should be kept in a very secure place. It requires a password to use in any sort of transaction.

Bitcoin is going to be naturally more secure than Litecoin because the hardware is so expensive for mining and use. Litecoin is being tracked down and mined by a much larger audience. No matter which one you choose, they are both a fun way to get into an adventurous and unusual currency form for investment, collecting or paying for needed items and services.