Things to do for Bitcoin – Buy or Sell Litecoin
Litecoin is an open-source global payment network that is completely decentralized and does not have any central authorities.
Litecoin has a fast transaction confirmation time.
How to get Litecoin?
The first (main) method is ASIC mining. If you cannot purchase ASICs, you can get Litecoin in the following ways:
- Mine another cryptocurrency with video cards and thread it in exchange for Litecoin.
- Buying for Fiat Litecoin through exchangers or Exchanges. Note that buying Litecoin for Fiat (the state currency of any country) will not work right away.
- In the case of an exchanger, you will first have to buy Bitcoin, then transfer it to an exchange that supports Litecoin. And only after that, it will be possible to buy Litecoin itself for Bitcoin.
- You don’t have to contact exchangers, but buy Litecoin on the exchange right away. In this case, look for an exchange that accepts Fiat for input (for example, the YOBIT exchange accepts rubles and dollars). You enter money on the found exchange and buy Litecoin if it is possible to do it for Fiat, if not, you will have to buy Bitcoin first and sell it in exchange for Litecoin.
Cryptocurrency Exchange Specifics
Cryptocurrencies, as a new generation financial instrument, are widely used in technically developed countries – China, Japan, etc. In our country, for the most part, electronic money is used as a speculative tool among a small circle of dedicated people.
This section is intended for people who are just getting started with crypto markets.
The fact is that crypto transactions through exchangers differ from transactions involving electronic and fiat money.
Best Ethereum to Bitcoin Exchange or Litecoin to bitcoin
When exchanging regular currency, after entering the data, amount and confirming agreement with the rules, the exchanger issues an invoice for payment. In the case of a crypto exchange, at this stage, you will be asked to transfer coins to the wallet and wait for further instructions.
This is not a familiar payment scheme, which will alert a beginner who has encountered an exchange for the first time. Next, we are waiting for the transfer of money to the exchanger’s wallet. In the case of a Bitcoin transfer, the operation takes from a couple of minutes to several days. The good thing is that during transfers, the exchanger fixes the rate at the time of the transaction confirmation.
One of the most popular methods of selling or buying electronic currencies remains specialized exchangers that work 24 to 7 and do not require the user to verify their identity or other complex procedures.
We propose to consider ten proven options for exchange services, each of which deserves attention and has its own positive features.
The best With the Lowest Commission
It should be said right away that in exchange offices the commission is usually not indicated as such. It is included in the course. That is, you get exactly the amount that you see in the order calculation window. There are exceptions – when the service charges an additional commission for certain payment directions, then it is obliged to notify about this in advance.