Litecoin, otherwise known as LTC, came into existence in 2011 as one of the first alternatives to Bitcoin, the original (and by far most popular) cryptocurrency.
While it is yet to achieve the broad usage of its older cousin, Litecoin is still gaining ground as a viable altcoin, and it is quickly gaining more ways in which it can be spent.
How to get free Litecoin?
As a key difference from Bitcoin, Litecoin attempts to process a block from the chain every 2.5 minutes, making transactions 4 times faster. Additionally, due to the algorithm, it uses for proof-of-work, devices used to mine Litecoin are considerably more complicated to create. As such, the number of miners is much smaller, which means alternative forms of earning Litecoin have sprung up.
If you’re into blockchain technology at all, you’ve probably noticed a bunch of offers for earning free Litecoin around the internet. Although free money sounds like it’s too good to be true, there are legitimate ways of earn Litecoin free out there.
The most common of these are faucets and free litecoin cloud mining services.
What is a Litecoin Faucet?
People looking to earn litecoin without the complicated litecoin mining free process usually turn to so-called faucets. Essentially, these are websites that pay you a small amount of currency in exchange for various things.
What you need to do depends entirely on the website in question. It usually includes viewing ads or performing small tasks, such as surveys. Now, don’t get your hopes up too much: you won’t be making thousands using faucets.
The amount of Litecoin you receive with these offers is very small when converted to fiat currencies. LTC faucets and free litecoin mining are for earning some pocket change at times you would otherwise be wasting.
Now, the nature of cryptocurrencies is undeniably speculative. This means that, if you want to earn something more, you should think long-term. Look at it this way: if you were to invest in Bitcoin in the early days, a relatively tiny amount would have turned into thousands of USD years later.
We’re not saying the same thing will happen with LTC, so don’t quit your day job. We’re merely pointing out that Litecoin faucet might turn out to be more worth your time than it seems at first glance.
Free litecoin earning sites
Now that you know what faucets are, we’ll get down to business: the best sites for earning free LTC in 2020. All of the ones we’ve listed here have their ups and downs, so it’s up to you to decide which offers to take of this litecoin faucet list.
Possibly the most well-known among these, Moon Litecoin is praised for its simplicity and no-nonsense approach. It’s simple, quick, and easy, giving you no reason not to at least try it out.
This website allows you to make LTC by solving captcha. You know those tasks that pop up when you try to log into websites that “check if you’re not a robot?” Well, that’s a captcha – as you know, they don’t require much work.
Moon Litecoin allows you to claim up to 1000 litoshi every five minutes. 1 litoshi equals 0.00000001, in case you were wondering, and the exact value of this depends on the current value of Litecoin.
This site claims you can increase how much you earn litecoin free by up to 300% with their loyalty program and bonuses.
All you need to do to use it is have a CoinPot cryptocurrency wallet, and you’re good to go.
2. The Crypto Faucet
Another well-known LTC faucet, this website’s offer is not limited to just one cryptocurrency.
Instead, solving captchas can earn you several different crypto assets, including Dogecoin, Tron, and Litecoin. All registered users can use this basic daily faucet, limited to around 5000 litoshi per hour.
There are some nice extra features to be found on the Crypto Faucet as well, such as a referral program that can net you a 50% bonus. Besides that, the website is neat and user-friendly, and you can even set up an automated payout to your LTC wallet.
Similarly to our previous suggestion, this website earns you LTC by completing captchas. The limit is around 0.00000888 Litecoin every 2 hours.
The main difference this website has compared to the competition is that they also feature a small LTC-based lottery for all registered users.
Your chances are not great – Litecoin-faucet.com is used by more than 100.000 people – but hey, a chance of some extra cash never hurts.
Not to be confused with the previous website, this faucet works a bit differently. It takes a total amount of 2,500,000 litoshi and divides it among its users every hour. How much you get depends on the tier of the user you are – the longer you use the site, the more you get.
Additionally, Litecoinfaucet.info allows you to convert LTC into other cryptocurrencies right there on the website, which is always handy.
This website is more-or-less similar to Moon Litecoin, except they have a somewhat higher limit at 2071 litoshi every 5 minutes.
Claim LTC is also a multi-asset faucet, meaning you can get several different currencies.
6. Litecoin Cloud Mining
We already mentioned that mining Litecoin the usual way is not that easy.
However, there is an alternative. If you don’t have the budget or know-how to make your mining rig, you can rent one out and share it with other users using a so-called cloud mining service. Of course, this approach would require a budget to start, and it is difficult to say how much time would be required for your investment to pay off.
Cloud mining has a bit of a bad reputation due to a large number of scams.
However, there are legitimate options out there, and here are some of them.
A renowned mining exchange that supports multiple cryptocurrencies, including Litecoin. EOBOT fees are fairly low, only covering electricity charges, and the payout is immediate.
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