Set up by Charlie Lee in 2011, Litecoin is shared cryptographic money with a semblance to Bitcoin as it depends solely on Bitcoin’s unique source code. The true intent behind Litecoin is to be used for less expensive exchanges and to be more productive for normal use.
Similar to Bitcoin, Litecoin uses blockchain innovation to move reserves straightforwardly between people or organizations. At the point when you sell Litecoin on a trade, the price of 1 Litecoin is typically cited against the US dollar (USD). If the cost of Bitcoin rises, you will have the option to sell for a benefit, since it is currently worth more USD than when you got it. If the value falls and you choose to sell, at that point, you would make a misfortune.
With Prestmit, crypto users are able to sell Litecoin for Nigerian naira. This trading platform operates just like a decentralized exchange that allows users to work out their deals. In the real sense, Litecoin has two main advantages over the other cryptocurrency: it is faster and more comfortable for ordinary people to deal with. It is evident that after every 10 minutes, a new “block” of transactions gets written into crypto’s public ledger– that is why every crypto transaction takes around 10 minutes or less to complete.
Also, Litecoin writes new blocks every 2.5 minutes, which makes it much quicker. Following this special feature, Litecoin speed of a significant asset in comparison to everyday purchases. At Prestmit, users get unprecedented reliability. We guarantee that you can exchange Litecoin to naira, with the assurance that you will not lose your funds as everything is 100% reliable.
How To Sell Litecoin On Prestmit
1. Create An Account
Register a Prestmit account to get started.
2. Generate Litecoin Wallet Address
As a Presmit user, you will have a Litecoin wallet address on which you can see the current Litecoin rates and can start the process of selling.
3. Send Litecoin
Click on “BEGIN TRADE” or “START TRADE” to sell your Litecoin. Send your Litecoin to your Prestmit Litecoin address.
4. Get Paid
The naira amount gets added to your naira wallet according to the corresponding rate once the transaction gets three (3) confirmations on the Litecoin network. Waiting for these 3 confirmations is aimed at avoiding fraud and ensuring transaction non-reputability.
