Top Places To Sell Litecoin (LTC) With User Reviews
I'm looking to...
Where can you sell Litecoin (LTC) in 2024?
"Where can you sell Litecoin (LTC)" is a question of great relevance in today's rapidly evolving cryptocurrency landscape. This comprehensive, SEO-optimized article is intended for a cryptocurrency review website and aims to provide an extensive guide on the various platforms where one can sell Litecoin (LTC), along with a deep dive into the cryptocurrency’s background, technological infrastructure, and market dynamics.
Understanding Litecoin (LTC)
Litecoin (LTC) is one of the earliest cryptocurrencies, launched in 2011 by Charlie Lee, a former Google engineer. It was created as a 'lite' version of Bitcoin, offering quicker confirmation times and a larger total supply. Often referred to as the silver to Bitcoin’s gold, Litecoin has established itself as a mainstay in the top tier of the crypto market.
The Technology Behind Litecoin
Litecoin is similar to Bitcoin in its technical design, utilizing a decentralized ledger known as the blockchain. However, it differs in its use of the Scrypt algorithm, which is less complex than Bitcoin's SHA-256. This difference allows for faster transaction processing times and lower transaction costs, making LTC an attractive option for everyday transactions.
Platforms for Selling Litecoin (LTC)
-
Cryptocurrency Exchanges: The most common avenue for selling Litecoin is through cryptocurrency exchanges. Major platforms such as Coinbase, Binance, and Kraken support LTC transactions. These exchanges offer user-friendly interfaces, strong security measures, and high liquidity, making them suitable for both novice and experienced traders.
-
Peer-to-Peer (P2P) Platforms: Platforms like LocalBitcoins and Paxful facilitate direct trades between users. While they may not have the liquidity of larger exchanges, they offer more control over the transaction process, often allowing for a wider range of payment methods.
Trading Strategies for Litecoin
Effective selling of LTC requires an understanding of market trends, trading volumes, and the broader economic factors impacting the crypto market. Traders should use tools such as technical analysis and market trend reports to inform their selling strategies. Staying informed about developments in the Litecoin project and broader crypto space is also crucial.
Litecoin's Role in the Cryptocurrency Ecosystem
Litecoin has played a significant role in the evolution of the cryptocurrency market. Its adoption as a means of payment and its use in various blockchain projects highlight its versatility. Furthermore, LTC often serves as a testbed for new technologies before they are implemented in Bitcoin, underscoring its importance in the crypto innovation landscape.
Conclusion
Selling Litecoin (LTC) involves more than just knowing where to trade. It requires a nuanced understanding of the cryptocurrency’s technical aspects, its position in the market, and the various platforms available for transactions. A well-informed approach, grounded in the latest market insights and an understanding of Litecoin’s technological foundations, is key to successfully navigating the LTC market.
When choosing a platform to sell Litecoin (LTC), consider its user rating.
Make a conscious choice when choosing a platform. Study the company page on our website,
read user reviews and draw conclusions whether you should use this service.
There are a lot of scams in the field of cryptocurrency.
Taking into account the reputation of the service when choosing a place to sell Litecoin (LTC)
is absolutely necessary if you do not want to lose your investment.
147 company
Aphelion is a new decentralized exchange that is powered on the NEO-blockchain. It was launched in January 2019.
Atomex wallet is a mobile app with an in-built conversion tool for multiple currencies. Atomex is Android compatible whereas an iOS version is coming.
Site:
atomex.me
Country:
International
BCEX is a centralized cryptocurrency exchange based in Hong Kong. The exchange was launched in 2017. Its reported volume is about 65 mln. $. BCEX has 66 available trading pairs and 61 coins.
BCEX doesn't have Fiat deposits option. The exchange does not accept any other deposit method than cryptocurrencies. Margin trading option is not available on the exchange.
Bequant exchange was launched in Malta in 2018. This location was chosen because of the increasing importance of crypto regulation. The second office of the company works in London. Bequant targets professional and institutional traders, offering them advanced machine algorithms, low-latency mechanisms and deep liquidity.
Enabling access to over $150 mil in average daily traded volume, the group also provides Bequant Pro prime brokerage service for institutional clients, such as investment banks and hedge funds.
Bgogo is a centralized cryptocurrency exchange based on the Cayman Islands. The exchange was launched in 2018.
BigONE is a centralized cryptocurrency exchange. The exchange was launched in 2017. Its reported volume is about 180-200 mln. $. BigONE has 117 available trading pairs and 75 coins. Deposits are free on the exchange. BigONE doesn't have fiat deposits option. Margin trading option is not available on the exchange.
Withdrawal fees can reach up to 0.0002 BTC.
Bilaxy is a centralized cryptocurrency exchange launched in 2018. Its reported volume is about 98-105 mln. $. The exchange is available both in English and Chinese versions.
Bilaxy has 157 available trading pairs and 134 coins. Exchange provides the possibility of trading with a number of different altcoins against the ETH. The traders won’t find fiat currency trading, and also there is no trading against the BTC.
Binance Uganda exchange was officially launched in 2018. It’s based in in Uganda, Africa. It provides on the biggest fiat-to-crypto trading platform in Africa. The investors can trade with Ugandan Shillings (UGX) with Bitcoin (BTC) and Ethereum (ETH). This is the main distinguish feature of the platform; the possibility to use the African fiat currency.
One the few cryptocurrency exchanges based in Israeil is Bit2C. This centralized cryptocurrency exchange was launched in 2013.The exchange doesn’t have a big volume the average amount fluctuates within 40-50 k. $ per day. Bit2C has the standard package of the trading tools and order books. According to the information on the official website the exchange has more than 11 thousand active traders.
BitBay is one of the few exchanges based and originated in Poland. It offers an impressive range of crypto for trading.
Bitex Bitcoin exchange is one of the services offered by Bitex payment provider along with concierge (enabling quick local payments) and boutique (bulk bitcoin purchases) solutions. Bitex is the Argentine platform that was founded in 2014.
Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
BitGo is one of the oldest cryptocurrency wallets, launched in 2013. Many users claim that this is one of the most trusted BTC wallets on the market. Both desktope and mobile versions of the wallet are available. Mobile version is available both for Android and IOS.
Bithesap is a Turkish cryptocurrency exchange offering two trading pairs: BTC / TRY and LTC / TRY. The platform is aimed at customers who need help with cryptocurrency trading services, you can safely sell, buy, exchange such as Bitcoin and Litecoin with reference to the Turkish Lira (TRY) here. The turnover of the exchange is about
$2.708.845 according to coinmarketcup at the moment.
Bitibu was established in 2018 as a centralized cryptocurrency exchange.
As of now, this platform is not active.
Site:
bitibu.com
Launched:
2018
BITKER was established in Singapore as a centralized cryptocurrency exchange. Following to their outage announcement in September 2019, the exchange platform had suspended its activity. The reason behind this was a cyber attack.
Bitkub is a leading cryptocurrency digital exchange in Thailand. It was established in early 2018. Bitkub refers to integrity, customer, efficiency, and innovation as its top values. The fees are charged per trade and make 0.25%. You can check out deposit and withdrawal fees as well as financial terms on the company’s website. To go through the Level 1 identity checks, an individual must be over 20 y.o and have a zero criminal record.
Bitlish is a UK registered exchange supporting a solid number of assets (at the time of writing this review, it was 13 cryptos traded against 5 fiat currencies). Bitlish has its LEI obtained from London Stock Exchange and provides its rates and trading statistics data to InterContinental Exchange (a mother company of New-York Stock Exchange and many others).
BitLox is a hardware wallet. This means that you will use it to store your cryptocurrency private keys in a secure offline environment away from the risk posed by hackers. The company has been around since at least 2014 and is based in Hong Kong (BitLox Limited).