Litecoin (LTC) is a fairly popular cryptocurrency, included in the top ten on many exchanges, the so-called “easy coin”. This is one of the best forks of the famous Bitcoin, demonstrating a real trend in buying and selling and exchanging, including for its older brother.
Options for earning Litecoins for further investments in “digital gold”
Exchanging LTC for Bitcoin is a simple solution for those who have decided to accumulate capital by investing in “digital gold”. As you know, Bitcoin mining is an incredibly complex, costly, energy-intensive process. With Litecoins, everything is simpler.
Lite Coin is earned through mining or participation in various projects offering rewards in LTC. Mining also involves solving cryptographic problems using computing technology, but you can also become the happy owner of a certain number of “easy coins” through:
- staking;
- lending;
- receiving a reward for a service;
- purchase when the price is low, in order to exchange it for Bitcoin cryptocurrency at the peak of the rate growth.
It is easier to get “easy coins”, and cheaper and more accessible to buy, so accumulating them for subsequent conversion into BTC is the simplest solution for those who want to have “digital gold”.
Where to buy and exchange cryptocurrencies quickly and safely?
You can buy Litecoin (LTC) on a cryptocurrency exchange and in electronic exchangers, and then exchange it for Bitcoins there. You need to convert to BTC when the rate of “digital gold” has dropped. Buying cheaper in order to sell more expensive in the future is the main principle of smart investments in any crypto, including Bitcoin. You can buy an expensive asset, paying with Litecoins, in parts (Satoshi), this makes investing accessible to a wide range of users.
A fast and safe way to exchange Litecoin (LTC) cryptocurrency for BTC is to contact an electronic exchanger. There is no need to create an order and wait for a suitable offer to appear, as on the stock exchange, since the second party to the transaction is the exchange service itself. The procedure for using the exchanger is extremely simple:
- you need to order the service by filling out an application on the exchange website;
- specify the desired amount of Bitcoin (BTC) and that LTC is given in exchange;
- pay the invoice issued by the exchange resource (transfer Litecoins to the exchanger wallet);
- wait for the Bitcoins to arrive in your wallet.
Cryptocurrency conversion in the electronic exchanger occurs almost instantly, taking a few minutes in total. However, the Bitcoin network is often overloaded, in which case the transaction can take up to several hours.
Profitable exchange of Litecoin (LTC) to Bitcoin (BTC) in the exchanger
Ensuring the most profitable exchange of cryptocurrency and minimal costs in Litecoin (LTC) given depends on the following factors:
- the main exchange rate;
- the amount of commissions;
- additional conditions and restrictions on amounts.
When choosing an exchanger, you need to evaluate all three of these indicators so that the transaction is really profitable. You can quickly get information about them through the monitoring portal, where current exchange rates in exchangers are tracked, their changes, special conditions and commissions are reflected using labels. Monitoring is a simple and reliable tool for a profitable purchase of LTC and subsequent investment in “digital gold”. Plus, it is a guarantor of a proven and safe exchange resource.