Start Using Litecoin

-
Start by buying some litecoin and using a wallet
-
It's more engaging when you have a little skin in the game
-
It's good to take control of your litecoin outside of an exchange
Step 1. Learn about litecoin
Aim: Learn how many total litecoin there are
-
There will only be 84 Million litecoin
-
Litecoin's scarcity schedule is decreased every four years
-
Litecoin's next halving is scheduled for 2023
-
Learn more at the litecoin halving page
Step 2. Get a Wallet
Aim: Make and backup a litecoin wallet
-
Make a new wallet and write down the 12 words presented to you using pen and paper. These 12 words act as a key to access your litecoin.
-
Make another copy of these words (again, using pen and paper) and put them both somewhere hidden/safe in your house.
-
In lite wallet, click receive and copy the address shown on screen, this can be done by clicking on the QR code.
Step 3. Buy some litecoin
-
Aim: Get a small amount of litecoin
-
Only buy a small amount of litecoin to start (in a later step we will improve your backup redundancy).
-
These recommendations let you buy litecoin quickly at the cost of reduced privacy.
-
Buying Privately is detailed in a later step.
Step 4. Give some litecoin
Aim: Give some litecoin to a family members and friends
-
Find a friend who you want to give some litecoin to
-
Have your friend send you their litecoin address or scan their QR code on their mobile wallet
-
Verify address and send litecoin from litewallet
Step 5. Spend some litecoin
Aim: Spend litecoin at a business
-
Download the SPEDN or Gemini App
-
Go to one of the merchants on the current list of stores (Ulta, Lowe's, Baskin Robins, Dunkin Donuts, etc)
-
Open up SPEDN or Gemini App, and select Litecoin and the merchant
-
Load QR code, and scan as gift card at checkout
Step 6. Get a Hardware Wallet
Aim: Purchase a hardware wallet
-
Setup the hardware wallet
-
Write down recovery seed words (store them in a safe/secure place)
-
Write down you public address (this is where you will send you litecoin to)
Step 7. Backup your Wallet
Aim: Backup your seed phrase on metal
-
Purchase a metal seed backup (learn more here)
-
Punch in your 12 or 24 words
-
Secure and store the metal backup
Step 8. Join the twitter community
Aim: Get on twitter and chat with other litecoin supporters
-
Sign up to twitter
-
Start following some of the top litecoin supporters
-
Here are the top people to follow: @satoshilite @masterbtcltc @litecoin