This one is going to be a little different then previous articles about a specific cryptocurrency. Originally I wanted to write an article about how to get Litecoin and that be it. Then I also wanted to do a deep dive into what Litecoin is and why I always keep coming back to it. Then I agreed with myself to merge the two ideas and give a general-semi in-depth article about what Litecoin is and also how to earn it for free.
What is Litecoin?
Litecoin was founded in 2011 (2 years after Bitcoin). It was also founded by a former Google Engineer Charlie Lee. When Charlie first announced it he was calling it a Lite version of Bitcoin. Granted there wasn't a lot of cryptocurrencies at the time so you kind of had to compare it to Bitcoin.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Max Supply of Litecoin is 84 million. A new block is produced every 2.5 minutes. The Block reward is 12.5 Litecoins which get halved roughly every 4 years or so depending on use of network. That being said Litecoin is also a Proof and Work crypto. Meaning it requires miners to keep producing more blocks. You can not stake Litecoin an earn passive income.
Litecoin is a payment cryptocurrency. It is meant to be used to pay for goods or services like Nano or even the US Dollar.
One of the nice things about Litecoin is that since it has been around for a long time there and many many wallets out there that support it.
September 1st, 2021 = $172.12
August 1st, 2021 = $148.61
May 10th, 2021 = $410.26 (All Time High)
January 1st, 2021 = $125.98
January 1st, 2020 = $39.41
January 1st, 2019 = $31.42
January 1st, 2018 = $255.05
January 1st, 2017 = $4.58
January 1st, 2016 = $3.51
January 14, 2015 = $1.15 (All Time Low)
You can see it has had it's ups and downs but it is in pretty good shape right now.
How to earn Litecoin?
I have a few faucets that I use to earn Litecoin. Sure you could buy some or trade for some but if you know me then you know I like to earn my Crypto with just using my time!
Option 1: Free Litecoin (Android App by Bitcoin Aliens)
This one is super simple. Every 1 hour you can open the app. You get 2 free spins to use and it will randomly pick a Litecoin amount that you will get. After you use both spins you pick the best one and you earn that amount. You can watch an AD to get more spins but usually it isn't worth it.
After you get to 100,000 litoshi saved up it will auto withdraw to your Litecoin Wallet on Tuesday. Come Tuesday so long as you have more than 100,000 Litoshi then your whole balance will be withdrawn. 100,000 Litoshi is worth about $0.18 right now. If you 'play' this faucet regularly you can withdraw every week.
Option 2: Express Crypto (Website)
If anyone of you have been around the space a while you might remember the Moon Faucets. They were the greatest around. There were multiple sites/faucets that all paid into 1 wallet and then you could withdraw it as you see fit. That is what Express Crypto is like.
You need to sign up with Express Crypto first. No if's ands or buts.
My Referal Link: https://expresscrypto.io/signup?referral=505689
Non-Referral Link: https://expresscrypto.io
You can earn crypto from Express Crypto but I don't recommend wasting your time with it. Just create a account with Express Crypto so that you have the micro-wallets setup and ready to go. Once you login you will get a unique user id that you will need for the following sites.
The first faucet we are going to setup is Faucet World.
My Referral Link: https://faucetworld.in?r=EC-UserId-505689
Non-Referral Link: https://faucetworld.in
After you sign up you will see a screen like this:
1) How many Tokens you have to use to get crypto
2) Select which Crypto you want to earn. You can earn more than 1 at a time but I recommend picking 1 or 2 at max
3) This button lets you earn more tokens (more of this later)
4) How many minutes in between claims. The longer you pick the more you earn so set it at 5 Minutes.
5) You can have it auto payout to Express Wallet or the Faucet World Faucet. I choose Faucet World Faucet as you earn 2x as much.
6) Booster Mode: Just select x4
7) Then you can click on "Start Auto Faucet"
I know that is a lot of information at once but I promise it's easy. With Faucet World you need to get some tokens. What I do is each morning I claim the Telegram Code. You just need to join their Telegram channel and copy and paste the code. It is usually anywhere from 70-150 tokens for free each day.
And then every hour you can use the Roll Game. This is a merely a captcha that you perform and you earn 30 tokens. You can do it once every hour. So I keep this tab open in my Brave Browser and just every hour I refresh and claim the 30 free tokens. Then at the the end of day I just setup the AutoClaim for Litecoin or Doge or whatever you want. When you start the claiming it will look this:
After you have some Litecoin in your Faucet World I would withdraw them to Express Crypto in small amounts. The reason for that is that you earn Experience for every claim or deposit into Express Crypto. So if you do more smaller withdrawals you will earn more experience.
The second Faucet we are going to setup is Auto Faucet.
Now this is the faucet that I am in all day. I use it spurts to earn tokens and them manual claim them into Litecoin.
My Referral Link: https://autofaucet.org/r/TrocProcLock
Non-Referral Link: https://autofaucet.org
After you sign up you will see a screen like this:
On the right hand side you will see "Free Token". Click on that and then click on Shortlinks.
This is where you are going to get your tickets/tokens to trade into crypto. I do the top few short links until I get around 1,000 or 2,000 Faucet Token Balance (FCT). Once you have a few then click on Faucet on the left hand side and this is where you need to decide to do manual or auto.
I did a test with 1,500 FCT.
If I used them on just Litecoin with Auto Claim I would get 189 litoshi and I would be able to do it 39 times for a total of 7,293 Litoshi
If I used them on just Litecoin with Manual Claim I would get 7,133 Litoshi
That being said the Auto Claim gets you a tiny bit more per FCT but with Auto Claim you have to let it run in and you will get pay outs every 10 minutes. Honestly I just go Manual Claim because it's quicker.
The Short links will regenerate after a while and if you are like me then you will see that there are a few short link sites that just don't load properly. Just ignore those and do the other ones.
With both Faucet World and Auto Faucet, I 'withdraw' them to Express Crypto in 1,000 Litoshi intervals. That way it doesn't take forever but you still get decent XP over in Express Crypto. You do earn XP in the 2 faucet sites as well and the more you level up the more bonus crypto you earn. This is one of those that will only get better the longer you do it.
Back in Express Crypto there is a link on the left hand side that is called "List of Sites". You can go there and view other faucets that will pay into Express Crypto. I haven't tested any others that I like but be my guess and find more that suite you.
There you have it. How I earn Litecoin on the side. Sure it's not millions or even $10/day but like with all things crypto a little now can be worth a LOT later. And I always find myself coming back to Litecoin and it is one of the few cryptos I wish I earned more of early on.