Litecoin to Bitcoin exchange details

What is Bitcoin?

Bitcoin is the most well-known cryptocurrency, mostly popular for introducing the concept of a peer-to-peer payment system with no third party involved, logging its records on a public Blockchain. It is still the biggest and most important cryptocurrency, with around 50% of the total crypto market size.

Trade LTC to BTC at the Best Rates | Buy BTC with LTC | LTC to BTC Exchange

Bitcoin and Litecoin are both ranked in the top 5 cryptocurrencies ranked by market cap.Undoubtedly LTC/BTC pair serves the needs of many crypto traders looking for ways to diversify their portfolios.

Also, both cryptocurrencies are ranked in the top 5 of total volume traded daily, meaning both of them are really easy and fast to exchange given their liquidity. Both are highly demanded. Remember that each of these cryptocurrencies operate on separate blockchains, so transfer times of each will depend on the congestion of both networks. A usual LTC transaction takes around 7 minutes to complete, whereas BTC ones usually take longer.

How to Buy Bitcoin

Switchain offers a possibility to check the most relevant Bitcoin price and allows to buy and sell BTC at the best rates with no account registration required. Our user interface provides an easy way to convert Litecoin to Bitcoin. Switchain doesn’t keep your coins at any moment, and you will receive Bitcoin in your own wallet once the LTC to BTC exchange is completed.

We always recommend users to store their cryptocurrencies in personal wallets rather than in exchanges. There is a variety of alternatives for you to choose: hardware, desktop, mobile wallets, and not all of them are always compatible with every cryptocurrency.

How To Buy Litecoin (LTC) In 3 Easy Steps

This guide will show you how to buy Litecoin instantly with USD.

STEP 1

First, you will need to go to Coinbase to create an account. Coinbase is regarded as one of the safest places to buy cryptocurrency. 

STEP 2

This is the Dashboard:

Scroll down until you see “complete your account”. You will need to verify your identity. This is a simple process which requires a photo of your ID.

You will also add a payment method to your account during this step. 

Using a debit card is the quickest option. Linking your bank account will allow for higher limits and lower fees, but the process can take a few days.

STEP 3

You now have a complete account. You can proceed to buy your Litecoin!

Select Litecoin from the list of assets on the dashboard. You will be redirected to the purchase page.

Type in the amount of USD you want to spend. The amount you input will already have the fees calculated in. 

Preview your purchase to see the amount of Litecoin you will be receiving. Your preview will look like this:

Click “Buy now” to complete the order.

That’s it! You now officially own Litecoin. 

What Else Should I Know?

Selling your LTC for USD is just as easy but you will need to link your bank account or PayPal. Using PayPal to withdrawal will be instant but withdrawing to a bank account can take a few days. 

Coinbase allows you to convert your LTC into a different crypto asset for free but they don’t have many options. Switchainhas a larger selection of assets to choose from. The process is simple and doesn’t require you to sign up for an account or forfeit personal information.

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About Switchain

Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.