Litecoin (LTC) is one of the cheapest cryptocurrencies for transfers between wallets, and it’s therefore often used as a deposit method into crypto exchanges and platforms. If you want to know which crypto sites that accept deposits with Litecoin, then you are at the right place. See our top list below.
LTC was created through a hard fork from the main Bitcoin blockchain, and that is why it is usually compared to Bitcoin. The altcoin was released in 2011 and has managed to stick in the list of the top five cryptocurrencies by market cap. The transaction speed of this altcoin is much better than that of Bitcoin. On average, Litecoin transactions are completed within 2.5 minutes and it costs a fraction of what most other cryptocurrencies cost when used for transfers between wallets. Therefore, it’s a favourite deposit method for many and here is a top list of where you can deposit with LTC.
There are 24 crypto trading sites supporting Litecoin and 267 crypto casinos which support Litecoin as deposit method as seen in the toplists below.
Top 28 sites for buying, selling and trading crypto with Litecoin
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Litecoin. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
Kraken
Buy bitcoin & crypto from a trusted exchange suitable for almost everyone.
CEX
One of the best exchanges for global crypto enthusiasts that’s available in most countries.
Crypto.com Exchange
Trade over 200 crypto pairs from one of the leading exchanges. They also got their own debit card for all users.
P2B
Deposit with both fiat and a large range of crypto coins and trade today on an up and coming exchange that’s available globally!
DigiFinex
From margin trading to NFTs, you can trade any crypto asset you like on Digifinex’s fantastic platform.
Coinbase App
Want to buy and sell cryptocurrencies easily? Coinbase is where you go!
Gemini
Buy Bitcoin and crypto instantly with Gemini.
Crypto.com App
Making crypto trading, staking and investing simple. Directly from an app.
Wirex
Effortlessly exchange 70 traditional and cryptocurrencies in the Wirex app at exclusive OTC and interbank rates.
Biswap DEX
The lowest trading fee among Decentralized Exchanges, only 0.1%.
Mdex
A DEX that supports both BSC, ETH and Heco.
ProBit Global
Probit’s features are a bit more unique, if that is indeed what you seek?
Bitget
One of the world’s largest cryptocurrency copy trading platforms.
Bithoven
Bithoven support instant transfers, but is not user-friendly.
Gate
Gate IO can be your gateway to everything related to crypto – with over 1400 cryptocurrencies to trade in a safe, quick and easy manner.
BitMart
Trade and leverage right here on BitMart, one of the most globally accessible exchanges around with tons of pairings available.
KuCoin
One of the exchanges available in most places around the world, with among the lowest fees and among the best compatibility for transfers between various blockchains.
Binance
Largest on crypto. Over 200 cryptocurrencies to trade, both currency exchange with a wallet, CFD trading, staking and much more.
StormGain
Try a better crypto exchange. Discover StormGain, you too!
Bitfinex
Buy and sell cryptocurrency on Bitfinex, the home of advanced digital asset trading.
Hotbit
One of the top three exchanges in the world for sheer number of cryptocurrency projects!
OKX
One of the fastest functioning and hottest up and coming crypto exchanges. Try it and see for yourself!
MEXC Global
Trade cryptocurrency on MEXC and benefit from 0% maker fees and support in 16 languages
Hodl Hodl
Trade globally on Hodl Hodl, is your go-to P2P Bitcoin platform that doesn’t hold your funds
Coinbase Pro
A more complex crypto exchange for advanced users. Generally better exchange rates than the normal Coinbase app.
Paxful
Paxful has over 350 different deposit methods to help you get started with crypto investing.
DexTrade
Dex Trade allow users buying and selling crypto in a simple way.
Huobi
Huobi is a global crypto exchange with Chinese founders, with lots of instruments and low transactions costs.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Top 267 casinos with support for Litecoin
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Litecoin. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
BC Game
Providing community-based crypto casino for the best experience possible, both for betting and slot lovers.
LTC Casino
A fully anonymous crypto casino with 28 top game developers, 15 crypto deposit methods and 14 languages.
Bitspins Casino
Hey ho, hey ho, off to Bitspins we go. It’s got an IO and you can win some dough. Hey ho, win and watch your crypto collection grow!
Golden Lady Casino
Do you want to see gold? Here is a casino that’s rather bold. Explore Golden Lady’s BTC Casino today.
Bitstarz Casino
You might win shiny diamonds or fast cars. But only if you play to win on Bitstarz!
mBit Casino
Some like to stand and others rather sit. But all like exclusive bonuses, as the one on mBit!
Vegas Rio Casino
Head to Vegas without leaving your living room with this North American focused BTC casino!
Betplay Casino
Betplay is here and ready to thrill, come inside and get your fill. Play with Bitcoin, Ether and more. Winning here ain’t a chore!
Lucky Bay Casino
Hey, hey, what do you say? Have you ever seen a better crypto casino than Lucky Bay? Don’t be shy, come in and play!
Highroller Casino
Play roulette or other table games, or wager on slots to earn fortune and fame. Play here and be like James Bond, then go above and beyond!
Roobet Casino
A fast growing brand, put it in your hand. Give Roobet a try, then you won’t ask why!
Star Bets
Put your luck to the test, prove you’re better than the rest. Have no regrets, head on over to Star Bets!
Betflip
Want to take a tip? Play to win on BetFlip. Say hello to 5 BTC when you sign up, collect them all into a gold cup!
GunsBet Casino
At GunsBet you can beat the undertaker as a top gamer on a wild west crypto casino with tons of different deposit methods!
Slots Empire
Traverse epic games like a Roman legion leaving conquered slots in your wake. You can play with Bitcoin and Ethereum on Slots Empire!
Solisbet Casino
Take solace from a hectic schedule by enjoying the slots on Solis! There’s crash games galore and playing ain’t a chore!
Casino Bit
It’s so good you should leave a tip, the 4.5 BTC bonus is awesome at Casino Bit!
Aussie Play Casino
It’s got crypto banking and a magic look, see if it brings you any luck! Aussie Play is superb for the North American market!
Slotland
Slotland is a super-classic casino from 1998 that also supports Bitcoin and Litecoin deposits!
Win A Day Casino
Is luck blowing your way? Find out on Win A Day!
Bitcoin Penguin
All in black and anonymous like a penguin. Yes, here you got a great option called Bitcoin Penguin casino.
Crypto Slots
Some look for fortune, others for fame. Enjoy a casino with all in-house games!
Lucky Treasure
Try your luck at Lucky Treasure, trust us it really is a pleasure! One of the better crypto casinos for part of the North American market.
Wild Casino
Want to win big bucks baby? Then play to win on Wild Coins AG!
Jackbit Casino
Some stay fat, others get fit. They all want to win big on Jackbit!
Grande Vegas Casino
Bring Las Vegas to your living room on Grande with top games and bonuses!
Highway Casino
Fire up the DeLorean and head back to the table in this awesomely well-designed crypto casino for North America!
Slotastic
You like slots? That’s fantastic. You’ll find tons on Slotastic!
Crypto Loko
Want to live la vida loca online? Then join Crypto Loko to have a wild and fun time!
Las Atlantis Casino
Take a deep dive to the depths of mystery, play on Las Atlantis with BTC. Play some games easily, and get some spins for free!
Jet Casino
Take off in style in their high flying crypto casino with 2000 games, 50 developers, and a fantastic sportsbook. Bet on Jet today!
MYB Casino
Enjoy the games and like what you see, play for big prizes here on MYB!
Win Big 21 Casino
Big games and even bigger fun, so many prizes to be won!
Big Spin Casino
When you play, you play to win. Bag some Bitcoins on Big Spin!
Bet Online
Whether you like a flutter on soccer or b-ball, you can win it all on Bet Online!
Zodiac Bet Casino
A popular crypto casino that provides up to 0.9 ETH in bonus over 4 deposits.
VIP Casino Royal
If you like what you see, then come on and be a VIP. Watch the slots spin at VIP Casino Royal today!
Winport Casino
If you’re in North America and you want to play on a cool crypto casino, you can’t go far wrong with Winport!
Bitvest Casino
Play or invest? The choice is yours with Bitvest. A unique and truly decentralized anonymous crypto casino with 6 provably fair games!
Stake
Want to play, why should you wait? Play with crypto coins on Stake!
King Billy Casino
Crypto casino with a focus on high-quality customer support.
Casinia Casino
If you’re on the hunt for a great casino with tons of games and a big welcome bonus to enjoy then Casinia is an ideal choice!
7 Bit Casino
Enjoy the best BTC online gambling at 7 Bit Casino.
Bitdreams Casino
Dreams have no limits. Enjoy a fabulous crypto casino experience with a generous bonus & a wide range of deposit options.
Win Dice Casino
One of the best decentralized provably fair casinos, with lots of bonus and fun competitions.
Cloudbet Casino
CloudBet Casino offers a fantastic range of games & have lots of different crypto deposit options. The easiest method to bet with Bitcoin.
Horus Casino
Horus Casino gives you more action and more fun thanks to 13000+ games, while having a top-notch wager free bonus
Vegaz Casino
Vegaz is a Crypto Casino With No Wagering, that accepts deposit through Tron blockchain for cheaper transfers.
Bitubet Casino
Play with Doge, perhaps USDT. Bitubet is a crypto casino with many possibilities. You’ll be playing for as as long as the eye can see!
Haz Casino
Haz Casino provides a combination of the best deposit options and over 6000 games from leading software providers. Excellent casino bonuses.
Axe Casino
Challenge your Luck, says Axe Casino. With super many games with high return to player (RTP), it is a good slogan for this crypto casino sit
RedDog Casino
A nice crypto casino environment where new players get 300% bonus up to 5000 eur or equal in ETH or BTC.
Bitcoin Casino IO
Get your withdrawls within 5 minutes at super popular Bitcoin Casino IO, that also accept ETH, USDT, Dogecoin and other crypto coins.
Just Bit
The easy way for Crypto Play. Almost any crypto deposit method accepted at JustBit.
Rollers Casino
Attractive crypto casino with withdrawls within minutes and all games you can ask for from 24 developers.
Crashino
An anonymous crypto casino with crypto crash gaming, slots, live casino, and sportsbook.
Metaspins
Crypto Casino where the more you play, the higher your Reward.
Crypto Games
Crypto Games gives way more than they take, try provably fair – you can see what players stake.
Need For Spin
Get a car racing and slots experience in the crypto casino world!
Rolling Slots Casino
Become a winner from Rolling Slots Crypto Casino with attractive bonuses.
Bit Vegas Casino
An awesome gaming experience with 21% cashback without wagering, every week.
Winz Casino
Enjoy every little bit of fun, even when you’re not in the sun!
Play Zilla Casino
Use crypto at Play Zilla today, it’s fun and the best way to play!
Bitsler
A popular crypto casino since 2015 with no withdrawal limits. Enjoy 30+ coins for deposit & withdrawal and over 20 unique in-house games.
Owl Games Casino
A true Web3 crypto casino that makes it fun, enjoyable, simple and easy to register and get started.
Pribet Casino
Israeli founded crypto casino with slots, esport betting and virtual games from 47 game developers.
Nine Casino
Try the rewarding Nine, with fine games and fantastic design. 69 developers so variation is given, this casino site is really driven.
Crypto Leo
A next-generation high-tech crypto casino with the markets latest game, Crypto Leo is definitely on the way to fame.
Wild Coins Casino
Close your eyes and roll the dice, your next spin could change your life! Sign up for a super-varied crypto casino experience.
Rollbit
Experience fun slots on a crypto casino with some of the highest rewards program in the industry.
Bit Kingz
Bit Kingz offers instant payouts and accepts a wide range of cryptocurrencies.
Thor Casino
Throw the hammer like Thor, and wait for the winnings to soar.
Croco Slots
Will you run or will you fight? Beat the croc before it bites! Bonuses come, bonuses go, Croco Slots is the place to go!
Westpoint Casino
Westpoint Casino is known as the cashback crypto casino since it offers a weekly 10% cashback to all players.
Art Casino
Is there a better casino? Pinch me. Art Casino, more exquisite than a Da Vinci!
Fortune Panda
More action, more fun, more prizes to be won!
Snatch Casino
A site that’s a mix of GTA and the films of Guy Ritchie, make the right bet and times it by 50! One of the best crypto casinos around.
Vera Casino
Play with Bitcoin not Italian lira, come inside and win on Vera!
K8 Casino
Some say destiny, some say fate. Play to win here on K8.
Empire io Casino
Grab 100% welcome bonus up to 1 BTC on a VPN friendly Bitcoin casino with impressively fast payouts without any fees.
Ice Casino
Unfreeze your luck at Ice – you’ll feel like you’re in paradise.
Neospin Casino
Some may lose, some may win. But they all have fun on Neospin!
Casombie Casino
Get a fresh gaming experience with unbelievable bonus offers and over 4000+ select games.
Mystake Casino
Your fate is what you make. Bet big on Mystake!
Bons Casino
A layout that’s slick and smooth like The Fonz. Come and win big on Bons!
Sportsbet Casino
Bet on sports with many devices. Get it right and win big prizes!
Punt Casino
Will luck go your way? Play on Punt today!
Cosmic Slot
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Superboss Casino
Cream rises to the top, away from the dross. Bet in the big leagues on Superboss!
Lyra Casino
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Yaa Casino
Are gonna play on Yaa? Collect all your winnings in a lovely jar!
Moi Casino
You don’t need to speak French to enjoy Moi Casino!
Happy Spins
Win big in this exciting place, put a big smile on your face!
Quick Slot
Come and give it all yo’uve got. Play to win on Quick Slot!
Bit Casino IO
Wondering which casino to go? Bet BTC on Bit Casino IO!
Pirate Play Casino
In terms of games, it’s way out in front. Enjoy vast loots and treaure hunts!
Dolly Casino
If it’s raining, bring a brolly. When it’s sunny play on Dolly!
Bit Bet 24
Bet while you’re chilling with a cup of tea. A massive welcome bonus up to 7.5 BTC!
Sky Crown Casino
Turn your frown upside down, by playing big on Sky Crown!
Live Casino IO
The sun may shine, and winds may blow. Live Casino is the place to go!
Rich Prize Casino
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Level Up Casino
Take your game to the next level and win big prizes!
Lets Lucky Casino
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Boomerang Casino
Come and play as fast as you can, you’ll become a fan of Boomerang. This is a crypto casino that you come back to.
Blazzio Casino
A great casino, how d’ya know? Simple, it’s called Blazzio!
Winstler Casino
Wager with Winstler today. A massive bonus in play!
Casoo Casino
A Galaxy of Riches Awaits. Spin your way is what Crypto Lists say.
FG Fox Casino
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Wize Bets
If you’re playing for the prize, there’s nowhere better to play than Wize!
Vave Casino
If you love crypto casinos, give us a wave. Grab 1 BTC exclusive bonus, and play on Vave!
Casino Rex
Some like to call, others text. Everyone loves to play on Casino Rex!
Bet O Bet
When it rains, you’ll get wet. When you play, you’ll win big on Bet o Bet!
SG Casino
Experience the thrill – on SG Casino you will. 111 game developers to enjoy, this crypto casino is more than a ploy.
Tsars Casino
Aim high and shoot for the stars, play to win here on Tsars!
Dexter Bet
Flex your bets at Dexter Bet. Show you’re better than all the rest! Enjoy 89 game developers and live roulette att this crypto casino.
Spicy Jackpots
Lots of prizes, so enticing. Come play with crypto here on Spicy!
Jackburst Casino
Win some prizes after work, yep right here on Jackburst!
Joy Winner Casino
Play at the table while you’re waiting for dinner, there’s tons of games to play on Joy Winner!
Zaza Casino
With slots to make you go gaga, you’ll love to play on Zaza!
Doggo Casino
Head to the kennel and win big prizes. Doggo Casino is full of nice surprises!
Simsino Casino
Looking for an awesome casino? Head down to Simsino!
Canada777 Casino
If you like crypto casinos you’ll be in heaven, but only once you sign up for Canada777!
Cobber Casino
Some dogs play to win, others just slobber. You can find them all right here on Cobber!
Fast Pay Casino
If you’ve got crypto coins and wanna play, head straight on over to Fast Pay!
Dito Bet
Ready for the match? You’re all set. The next step is to play on Dito Bet!
Chipstars Casino
Some dream of celebrity and supercars, the best poker players dream of Chipstars. It’s got slots and tournaments too, we love it but do you?
Boho Casino
Enjoy an exciting treasure hunt – try Boho casino and be blunt.
Wazamba Casino
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Beti Bet
Got your crypto coins ready? You’re all set. Win big on sporting events at Beti Bet!
Apolo Bet
Apolo Bet is a gift from the Gods of Greece, bet big and watch your crypto coins increase!
0X Bet
0X Bet is dressed in purple and black, once you go crypto you never go back!
Polestar Casino
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Hachi Slot
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Jackpot Mobile Casino
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Wolfy Casino
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Zota Bet
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Rocketpot Casino
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Mond Casino
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Oshi Casino
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Bit Spin Casino
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Bit Reels Casino
When you win, how does it feel? Let us know, when you tried something reel.
Cat Casino
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Lucky Fox Casino
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Bets.io Casino
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Duck Dice Casino
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Winning Casino
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Nano Games Casino
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Punt Crypto Casino
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Mystino Casino
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Jeet City Casino
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Fight Club Casino
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Loonie Bet
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Bingo Bonga
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Casino 4U
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Wild Blaster Casino
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21 Bit Casino
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Vasy Casino
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Fairspin Casino
Play with Bitcoin or Ether and aim to win. Anything is possible on Fairspin!
Lucky Dreams Casino
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1Bet Casino
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Rolletto Casino
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Love Casino
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Magic Win Casino
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Laz Vegas Casino
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N1 Bet Casino
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Win a Win Casino
When we say shark you say fin, when we say prizes you say ‘Win a Win’!
Playfina Casino
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Lemon Casino
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Asino Casino
Asino, Asino, it rhymes with Casino. We know you can play Keno and win hotter prizes than jalepenos!
Slots Gallery
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Big Wins Casino
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Billy Billion Casino
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Wild Fortune Casino
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Spin Fever Casino
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Spin Samurai Casino
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Gamdom Casino
Gamdom’s one of the best looking crypto casinos we ever did see, play with Ethereum and win some BTC!
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50 Crowns Casino
Look around, there’s royalty in your town. It’s a crypto casino called 50 Crowns!
Lucky 7 Even
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Deposit Win Casino
Some go in the golden box, others in the bin. It’s a sin not to go for gold when you play on Deposit Win!
Seven Casino
A great new crypto casino site with 25 developers, 10x wagering and 9 languages.
Betcoin Casino
Bet in Bitcoin, win in Ether. We haven’t seen a better sportsbook and casino either!
Spinbet Casino
Don’t stand in rain if you don’t wanna get wet, but you can play with 11 different cryptos here on Spinbet!
Wild IO Casino
Go wild in style on Wild IO crypto casino. There are 10 different coins to use, now you know!
Bet 24-7
Looking for crypto gaming and sportsbook, you’re in heaven. There’s everything you need here at Bet 24-7!
WinVegasPlus Casino
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Bet 1000 Casino
Bet 1000 has Bitcoin and more in store for players who want to bet on sports and play slots and table games at halftime!
Weiss Bet
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Coinplay Casino
Play a different crypto casino every day, enjoy tons of developers and cryptos here on Coinplay!
Kas Casino
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Win Spirit Casino
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20 Bet Casino
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Rocket Play Casino
Hey, hey, what do you say? Have you ever seen a better Bitcoin casino than Rocket Play?
Yoju Casino
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Duelbits Casino
One of the best we’ve ever played, Duelbits will have you coming back for days. Play with Solana or BTC, try yourself and you’ll see!
Betplays Casino
From Canada to Germany, with Scani in between. Betplays is in the middle of the crypto betting and casino scenes.
National Casino
Play with more than 25 different crypto coins on National Casino and enjoy games from 130+ different developers!
Smokace Casino
Get steady with revolvers at the ready at Smokace! Get a taste of a top Bitcoin casino, will you be a waste or an ace?
CryptoCasino
One of the most awaited crypto casino launches in the summer of 2023. Go and try and you’ll see.
Run4Win
Play it now and play it fast, Run4Win is here and built to last. Play with Ether or BTC, and get your winnings back instantly!
Spinarium Casino
A brand new Bitcoin casino with 162 different game developers to enjoy along with a great interface.
Betti Casino
With game variety like the Serengeti, you’ll find casino slots and sports here on Betti. So get ready and steady and go play heavy!
Joo Casino
Looking for a casino to play on too? Want one that gets you to stick like glue? Gamble with BTC on Joo right on cue!
Bizzo Casino
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Woo Casino
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Surf Casino
From the high seas to the on-the-ground turf, everybody we know plays on Surf. Play with crypto and fiat too, enjoy blackjack and slots too!
DozenSpins Casino
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Windetta Casino
Whether you see yourself as Tony Soprano or Don Corleone, you’ll have a whale of a time at this speakeasy-themed crypto casino!
Bet Fury Casino
It’s decentralized and anonymous and has over 50 different crypto deposit options. Seriously, what’s not to love?
Millionpot Casino
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PlaYouWin Casino
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DLX Casino
Play on slots and put yourself to the test, you can find it all on DLX. Play with fiat or BTC, or use a gateway like MiFinity!
Bankonbet Casino
Here’s a Bitcoin casino you can bank on! Bankonbet brings elite sportsbook to the crypto casino space. It’s a truly outstanding site!
Rabona Casino
Rabona is a beautifully designed sportsbook and casino with 9000 top titles for you to feast your eyes on!
Buran Casino
Some players are pale, others tan. But they all like to play with Bitcoin on Buran. Some like slots, others live. Some win 1 hand, others 5!
QuickWin Casino
Your lucky day, not sure what to say? If you don’t begin – you cannot win. Lamborghini competition waiting.
Great Win Casino
If you’re looking for the greatest crypto casino then you can start your hunt at Great Win. It does what it says on the tin!
Casinoly Casino
Play like a Roman General or Greek Philosopher in this gaming emporium built with crypto players in mind.
Izzi Casino
It looks crypto, it feels crypto, it is crypto. Izzi is futuristic and looks and feels like a Web3 iGaming powerhouse!
Pelican Casino
Pelican Casino is brighter than an orange bill, so come and get your fill. Whether you win or not it’s always fun still!
Legend Play Casino
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Fresh Casino
Smells as fresh as a red rose, beautiful slots with lines and rows. Fresh Casino is here to stay, come and play, what d’ya say?
Starda Casino
Starda is red like Prada and when you play harder the rewards go farther. It’s a crypto casino with a VIP touch and a cutting-edge feel.
Sol Crypto Casino
Come and have fun on a site called Sol as bright as the sun, where there’s a ton of prizes to be won!
Legzo Casino
Play with Doge, play with Tron, you won’t be waiting very long. Play it now, play it later, play on Legzo for a taster!
Rockwin Casino
Reap rewards at Rockwin with tons of hot and instant slot games. Play with BTC, withdraw in Cardano, the choice is yours!
Dazard Casino
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Summary
Litecoin is among the oldest altcoins, having been developed in 2011. It has been able to grow in popularity over the years and is now featured in almost all reputable crypto exchanges. Unlike Ether and Bitcoin, this Litecoin was developed to work as a currency for day-to-day transactions and is also great for storing value. Since it has a hard cap of 84 million coins, Litecoin is highly unlikely to experience an extreme drop in price.
Advantages
+Each coin can be divided up to 8 decimal places.
+The network uses the Scrypt algorithm to prevent miners from pooling together.
+There are many crypto sites that accept Litecoin.
+Its supply has a hard cap.
+Litecoin payments are processed fairly fast.
Disadvantages
-The network uses the PoW system and requires high levels of energy.
-There is currently no certainty on pricing.
-You may lose your money if you copy the wrong address.
-The creator of the token sold his coins in 2017.
-Lots of altcoins are faster than LTC.
What is Litecoin?
Litecoin works just like Bitcoin since the two blockchains use the same technology. It employs cryptography to enable the exchange of the altcoin. All transactions made using this cryptocurrency are recorded chronologically on a public ledger that is known as the Litecoin blockchain. Blocks containing transaction data are validated by miners, and these are in turn rewarded with the altcoin. This reward is halved every three years as this helps to maintain the scarcity of the token. The maximum number of Litecoins that will ever exist is 84 million coins, and at the moment, more than 75% of these are already in circulation.
Litecoin costs
A benefit of using this altcoin to make deposits is that it has very low transfer fees. On average, the network charges fees of about $0.03 or $0.04 per transaction. In comparison, Bitcoin transfer fees can go beyond $7.8. With Ethereum, you will usually have to pay transfer fees of about $20. You should remember that the transfer fees will increase or decrease depending on the congestion on the network. To minimize the transaction charges, you should avoid making deposits during media frenzies or bull runs.
Transaction speed for Litecoin
The transfer speeds of LTC are also very high, and this is one reason why it gained popularity in its early days. On average, the transfers will be completed in less than 2.5 minutes. While this is a lot slower than newer blockchains, it is still impressive when compared to Bitcoin and Ethereum.
Litecoin Deposits: How to do it?
+Sign into a crypto exchange and navigate to the payment section
+Then pick LTC from the available list of banking options
+Add the amount you want to deposit and confirm the payment
+Finally, you can complete the verification process, and the deposit will be completed.
Which are the main countries where Litecoin is used?
This cryptocurrency is mainly used in the USA, Canada, the United Kingdom, and other parts of Europe and Asia. Most people use it as an alternative to Bitcoin or simply because it’s way cheaper for transfers between wallets. Example: Say that you got crypto worth 0.2 BTC in one wallet with Gate IO, and you rather send it Kucoin. Then you can use Litecoin or Tether (USDT) through Tron blockchain in order to minimise transfer costs.
The coin can’t be used in countries that have a blanket ban on cryptocurrencies, and these include China and North Korea.
Can you withdraw with Litecoin?
Yes, you can make withdrawals using Litecoin. When making this transaction, you will simply need to provide your wallet address and the amount you intend to withdraw. You should note that the crypto exchange may have a fee for the withdrawal. Also, there may be a minimum threshold for LTC withdrawals.
Reputation of Litecoin
Litecoin is among the most popular cryptocurrencies. It was forked from Bitcoin in 2011 and shares many of the benefits of Bitcoin. It has also gained popularity because of its high transfer speed and low transaction cost. Any crypto exchange that accepts crypto deposits is almost guaranteed to accept LTC as this altcoin is ranked among the top 5 cryptocurrencies by market cap. This altcoin has a strong online community. On Twitter, the Litecoin page has close to a million followers.
Litecoin FAQ
Here are some of the most frequently asked questions about Litecoin, when used for transfers or as a deposit method.
Is it safe to use Litecoin for cryptocurrencies?
Yes, when making deposits with this altcoin, you will not risk losing your sensitive data. However, you should be careful to always use the right addresses as transactions cannot be reversed.
How do I set up Litecoin?
To use this payment method, you will first need to purchase LTC from a crypto exchange. You then need to set up your wallet and make the deposit.
Is Litecoin instant?
While this funding method is not instant, it offers very fast transactions. On average, your payment will reflect within 2.5 minutes.
When was Litecoin founded?
This cryptocurrency was developed in 2011 as a result of a hard fork from Bitcoin. The coin is extremely similar to Bitcoin and improves the network in several ways. For example, it offers faster transactions than Bitcoin, and the transaction fees are very low.
Where is the mother company based?
Like Bitcoin, this cryptocurrency does not have a mother company. It was developed by Charles “Charlie” Lee, a former engineer at Google, and uses an open-source code.
Does Litecoin only work on Apple devices?
No, this deposit method does not just work on iPhone and iPad devices. You can also use it on Android devices and desktop devices.