Litecoin is an important crypto coin with a significant market capitalisation and an extensive use case. 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.
The top five exchanges you can sell your Litecoin on are:
Starting with the factors you need to consider before picking an exchange, let’s help you choose an exchange to sell some of your Litecoin profit. Ready? Take a read!
Factors To Consider When Choosing An Exchange To Sell Litecoin
This tops the list as the most critical aspect of a crypto exchange. The exchange must offer you a range of security features like two-factor authentication, pins and passwords, or biometrics. All these boost your security level and provide more confidence to use the exchange.
The crypto market moves very fast, so you want to ensure that the exchange you pick offers the same rapid service so you can cash in the profit you intended without any delays.
Liquidity is what makes this happen when you want it. A lack of liquidity would mean you must wait longer than necessary for a buyer to need Litecoin enough to buy from the exchange.
3. Transaction fees
Some exchanges play a trick where they aren’t upfront about the fees you pay until you get to a point of no return. 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.
4. User-friendliness and Interface
These days, every exchange strives to provide a positive user experience, from the feel of its exchange to its simplicity and ease of use. This prevents costly mistakes and enables a faster and more efficient trading experience.
5. Regulatory compliance
There are finance laws and regulations that an exchange should abide by. This gives them extra credibility and shows they can be trusted in the eyes of the law. So, before trusting an exchange to sell your Litecoin, it’s super important that they are regulatory compliant.
6. Customer support
While you should expect smooth trading when selling your Litecoin, sometimes, things may not go according to plan, and you’d have to reach out to the exchange. Therefore, it’s essential that there’s competent customer support to help you out of any challenge you may be facing.
The Top 5 Exchanges To Sell Litecoin
The Breet app is the most efficient and seamless way to sell your Litecoin if you’re in Nigeria or Ghana. Unlike others on this list, the Breet app does not offer crypto custody but instead sends Litecoin converted to fiat to your bank account at the best exchange rate.
The Breet app eliminates unnecessary steps, offering speedy, secure, and automatic trading. With the option to easily access it on a mobile app or the flexibility of a web app, Breet provides the best trading experience.
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.
You’ll also find the “Automatic Settlement” feature satisfactory, as you’ll get your fiat money automatically sent without lifting a finger.
Binance is one of the most popular crypto exchanges in the world. It offers a variety of cryptocurrencies, including Litecoin. It is an excellent exchange with high liquidity and advanced trading features.
Coinbase has a user-friendly interface and is a highly secure exchange that offers a limited number of cryptocurrencies but carries Litecoin. It’s a great choice for beginners due to its ease of use.
Kraken is a crypto exchange that has high liquidity and margin trading. It lists a variety of cryptocurrencies, including Litecoin. Kraken would serve experienced traders well, especially those who want to trade Litecoin with margin.
Bitstamp is a crypto exchange out of Europe, known and liked for its liquidity and security. Its crypto offerings are limited but include Litecoin.
Frequently Asked Questions (FAQs) About The Top 5 Exchanges to Sell Litecoin
How do you transfer money from Litecoin to a bank account?
Transferring your Litecoin to your bank account is a simple and automatic process with the Breet app. With an over-the-counter (OTC) solution like this, you can instantly trade your Litecoin for fiat money and have it automatically sent to your bank account at the best rate in the market. The Breet app is available to traders in Nigeria and Ghana.
What is the best app to sell Litecoin in Nigeria?
The best app to sell Litecoin in Nigeria is the Breet app. This app is laser-focused on providing the best trading experience for traders who want to convert Litecoin to Naira (or Cedis) automatically and at the juiciest rate. The Breet app is fast, easy to use, and secure.
How much is $1 Litecoin in Naira?
Due to the volatility of the crypto market, predicting the price of Litecoin in Naira can be challenging. However, with the Breet in-app rate calculator, you can get the real-time price of Litecoin and see how much profit you can get on your Litecoin.
Can you trade Litecoin for Bitcoin?
Yes, you absolutely can! If, for 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.
How much is Litecoin selling today?
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.
All done, folks! These are the top exchanges that you can sell Litecoin to Naira or Cedis using any of these options. However, the best app to do this is the Breet app, which is seamless, automatic, and offers direct transfers to your bank account.
With the Breet app, all your Litecoin trading worries are over, as you can trust in its speed, security, and exchange rates worth the value of your Litecoin.
Have the time best time selling Litecoin!