how to sell litecoin

For investors who would prefer to take advantage of the constant price changes of cryptocurrencies, trend trading bots are employed. Litecoin as an alternative cryptocurrency was released in October 2011, just two years after Bitcoin. Since then, the price momentum of Litecoin has been impressive. Litecoin has maintained a clear lead over most altcoins since then and it might attain more highs in the future. Having added 35 fiat pairs recently, eToro has about 44 fiat currency pairs on its platform. These fiat pairs consist of currencies that are widely used in Europe, America, Japan, Canada, Australia, and New Zealand.

how to sell litecoin

Once done, BYDFi will email you a six-digit verification code, which you should copy and paste into the field. Selling your Litecoin is one thing; selling it at the right time in order to maximize profit is another. Dogecoin started as a joke aimed at the seemingly unnecessary attention cryptocurrency was getting. Litecoin’s market value changes rapidly, so you’ll need a rate calculator to see how much Litecoin is today. And one of the best rate calculators in Nigeria and Ghana is the Breet app rate calculator.

Trading tips

This reduces the supply of newly minted litecoins, and should therefore put upward pressure on the Litecoin price. The question of when to sell cryptocurrency, including Litecoin, cannot have one answer at all times. Since crypto markets are known for their volatility, things may change quite quickly.

how to sell litecoin

The Breet app is easy to use and would appeal to any crypto trader — beginner or experienced. With a simple and easy user interface, navigating the app is a breeze, and every process is almost fully automated. Some exchanges play a trick where they aren’t upfront about the fees you pay until you get to a point of no return. how to sell litecoin 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. Exchanges are not your only option for buying and selling Litecoin. You could also use a broker or an over-the-counter (OTC) intermediary to facilitate your needs.

Cryptocurrencies for sale

Litecoin is often referred to as ‘the silver to bitcoin’s gold’. Its price chart shows that over the long-term, it’s more closely correlated to the price of BTC than some other altcoins. EToro allows users to withdraw their funds from liquidated assets like Litecoin to their PayPal accounts. Get your identity verified on platforms like eToro, integrate an acceptable payment channel that matches your identity. However, withdrawals from your broker to your local bank might take three business days.

how to sell litecoin

As a result, investing or trading with Litecoin can be a profitable venture — and to take out the profit to spend in the real world, you need to be able to sell Litecoin. You could buy Litecoin when the price is low then hold on to it until the price goes back up. Once the price has risen and does not look to rise again, you can sell it for profit. To sell your Litecoin on a fiat-to-crypto exchange, simply select the amount  you want to sell and confirm the sale.

LTC to USD Converter

Fortunately, eToro does not charge any fees when you close an active position. After detailing the quantity of Litecoin you wish to sell, click on “close position”. The liquidated sum would instantly reflect on your available balance once the order is filled. These brokers have been examined by industry experts and their uniqueness has set them apart from the vast competition. Primarily, they are up to speed with the relevant technologies and features that embrace seamless trading.

Interest for short-sellers, however, comes from LTC failing to rebound as quickly as other coins, particularly bitcoin. The approach of using a shared ledger means there is a degree of transparency not typical of traditional accounts. BitCourier – independent UK crypto community and media website.

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