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how to sell litecoin

From there, navigate to the “Trade” section and select the appropriate trading pair for Litecoin. You can then place a sell order and specify the amount of Litecoin you wish to sell. Given its similarities to Bitcoin and its unique features, Litecoin has gained significant popularity among cryptocurrency enthusiasts. It is widely accepted across various online platforms and can be used for a range of transactions, from shopping to investing. In recent years, the popularity and adoption of Litecoin have grown significantly. As a result, there are numerous platforms and exchanges available for selling Litecoin.

  • After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account.
  • So, before trusting an exchange to sell your Litecoin, it’s super important that they are regulatory compliant.
  • You may not want to cash out LTC for GBP but instead, want to sell your litecoins for bitcoin or another cryptocurrency.
  • A common way to sell is via the order book on your preferred exchange and choosing the right trading pair.

The platform provides real-time pricing information and allows you to choose between market or limit orders when selling Litecoin. The purpose of selling Litecoin, Bitcoin, or any other https://www.tokenexus.com/ currency is to make a profit over time. This means there is a lot of skill and patience that goes into selling LTC, as you need to make sure you are working for a profit, not a loss.

Coinbase

While Bitcoin is capped at a maximum supply of 21 million coins, Litecoin is capped at 84 million coins. This ensures that even if someone gains access to your password, they won’t be able to access your account without the code. Another way to secure your account is by enabling two-factor authentication (2FA). 2FA adds an extra layer of security by requiring you to enter a code sent to your phone or email before logging in. Selling Litecoin can be rewarding, but it’s important to keep your personal and financial information safe. The first step towards securing your account is creating a strong password.

how to sell litecoin

Alongside this, there are typically graphs which can help you visualise price action. While most exchanges will offer bank transfer as a payout method, some exchanges may offer different ways. Cryptocurrency is notoriously volatile, and Litecoin is no exception. Therefore, if you invest in Litecoin and come to sell it, there’s a reasonable chance that you’ll choose the wrong time. Ideally, you’ll want to sell when the value of the coin is at its highest.

How to buy and sell Litecoin

To evaluate if you have gained or lost, you have to know the difference between when you made a trade entry and your expected profits. Of course, there are tools on eToro that would help you determine if it’s the right time to sell. Tools like the historical trading chart make it easier to track your entry period. The aforementioned brokers have fulfilled the minimum requirements for a crypto trading platform. In addition, they have been vetted by industry experts and deemed to be suitable for crypto-related activities.

  • Consider using ATMs from well-established providers and conduct research to ensure they have a good track record of reliable service.
  • Additionally, Kraken offers a reputable bug bounty program, providing incentives for individuals to identify and report security vulnerabilities.
  • For a full breakdown of the features to look out for, check out Finder’s cryptocurrency exchange guide and discover tips on how to choose the right platform.
  • This is unfair to you, so it is crucial that all transaction fees are made clear from the get-go so you have the freedom to decide if you’re okay with it or not.
  • Once you’ve entered all the information correctly, click on “Verify Card” to complete the process.

Simply put, Litecoin is a decentralized digital currency that enables fast and low-cost payments to be sent anywhere in the world. Like Bitcoin, Litecoin operates using blockchain technology which acts as a distributed ledger to keep track of transactions. If, for how to sell litecoin some reason, you want to make the switch from Litecoin to Bitcoin, use the Breet app to make this process as smooth as possible. With the Breet app’s crypto-to-crypto feature, you can exchange Litecoin for Bitcoin anytime, as long as you’re in Nigeria or Ghana.

The Price of Litecoin

By the way, you can choose one or a few services which deliver their own advantages in every other case. Let’s say if you’re sure that you have enough expertise to gain on the price alterations of cryptocurrencies, you can go for trading. Meanwhile, if you’re new to crypto and want to do your very first baby steps towards using the benefits of this whole industry, you can choose easy and fast option like Instant Sell. One major selling point of litecoin is that transactions fees are low.