How to exchange Litecoin (LTC)

Litecoin (LTC) is one of the oldest cryptocurrencies, the "silver" next to Bitcoin's "gold". Transfers are faster and cheaper than on the Bitcoin network, so LTC is often used to move value between services. You can exchange it for rubles, USDT, other coins or cash via the monitor.

Step 1. Pick a direction

Open the Litecoin page and choose what to receive.

Step 2. Compare exchangers

Compare the rate, reserve and rating. How to choose — 7 signs of a reliable exchanger.

Step 3. Fee and network

The Litecoin network fee is usually low and transfers are fast. Verify the address — an LTC address is incompatible with BTC.

Step 4. AML for a large amount

Before a large operation — an AML check of the address.

Common mistakes

• Sending LTC to an address on a different network.
• Calculating with an outdated rate — LTC is volatile too.
• Ignoring the exchanger's reserve.

In short

• LTC — fast and cheap transfers, a free rate.
• Compare rate + reserve + rating.
• Verify the network and address.

Current rates — on the Litecoin page. Terms — in the exchange glossary.