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compaioncube ago

For any cryptocurrency you will need a wallet. You can safely download a wallet from https://bitco.in/en/choose-your-wallet and you can also download the one that I use for this how to from this wedsite. The fee is very small, from what I'm seeing it is .00002461 of a Bitcoin which is about $.06 cents. The transaction fee goes to the miner who mines the block that includes your transaction. When I say block I mean a block of equations that your transaction is in. Litecoin all has the same basic concepts that Bitcoin does but isn't as widely used yet and one "coin" doesn't cost as much.

ScottRockview ago

Is there a way one could do their own mining? That is to say, block others from mining the transaction so your computer does it and then you save the fee?

go1dfish ago

No, mining is similar to a lottery entered with computing power and it would require enormous nation-state level resources to ensure you were the miner that mined any given transaction.