Litecoin Brokers - Deposit Method

What Is Litecoin?

Litecoin is a peer to peer digital currency created upon an open sourced and decentralized cryptographic protocol. Litecoin is like bitcoin in many ways, but has some technical differences. One of the most important differences is that it facilitates the transfer of coins up to 4 times faster than bitcoin. As well, Litecoin was created as a lightweight alternative to Bitcoin making it easier for users to acquire the cryptocurrency and use it for payments. The digital currency of Litecoin was created in 2011 and is now considered to be the 5th most popular cryptocurrency in competition with Bitcoin, Dogecoin, Ethereum, and Altcoin. Although Litecoin is among the top 5 cryptocurrencies available, very few businesses and online trading brokerages accept Litecoin as payment. However, there are some that see the potential in accepting Litecoin and gain a wider client base because of it.

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How To Use Litecoin For Deposits

Using Litecoin for deposits is quite simple once you have a reputable cryptocurrency wallet and have acquired some coins. While it is rarely accepted for payments among most trading brokers, the one who do make it very easy to do so. See the following steps below to learn how you can deposit funds to your trading account using Litecoin.

  • First, you must login to you online trading account.
  • Then, you must navigate to the deposits page on your online brokerage account and select Litecoin as your method of deposit.
  • Once selected, you will be given the brokerages Litecoin address or QR code. This is where you will be sending your Litecoin to.
  • From here, you can either copy the brokers Litecoin address, go to your wallet, and send a desired amount of Litecoin to this address.

Alternatively, you can simply scan their QR code with your smart phone using your wallet QR code scanner. Then you simply type in how much Litecoin you would like to send, confirm and you’re done.

Are Deposits With Litecoin Right For You?

While there are many benefits to depositing with Litecoin, its not for everybody. Some people can’t get passed the fact it’s not fiat currency and that everything is digital. However, if you can come to accept Litecoin for what it is, it can be a very beneficial method of deposit. Some of these benefits include:

  • There is no need to worry about fees with high currency exchanging rates. As well, the fees that are involved are so minimal you will barely notice them. Compared to some credit cards and wire-transfers, depositing with Litecoin is a lot cheaper.
  • Transactions are very fast. There is no need to wait hours or days to send funds overseas. Deposits with Litecoin may take only minutes to complete.
  • Deposits with Litecoin are safe and secure methods of payment due to Litecoins cryptographic and encrypted nature. Hacking Litecoin is next to impossible, traders just need to ensure their Litecoin wallets and passwords are safely stored and kept secret.
  • Another great benefit is for traders who do not have access to other forms of payments such as credit cards and bank accounts. Litecoin is a global currency, which means it can be sent to and from anywhere in the world.
44 brokers listed
Litecoin
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8.25
  • Platforms: Andriod App, Apple App, iOS App, iPad/Tablet, Mobile App, Proprietary, WebTrader
  • License:
Your capital is at risk
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8
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7.75
  • Platforms: Proprietary
  • License: Not Applicable
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7.75
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7.75
  • Platforms: Proprietary
  • License: Not Applicable
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7.25
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7.25
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
7
  • Platforms: Andriod App, Apple App, iOS App, iPad/Tablet, Mobile App, Proprietary
  • License: ASIC
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
6.75
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
6.75
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
6.5
  • Platforms: Proprietary
  • License: Not Regulated
Your capital is at risk
1 2 3 4 5 6 7 8 9 10
6.5
  • Platforms: Proprietary
  • License: Not Applicable
Your capital is at risk