Online LTC to BTC converter: calculator, exchange rate, live chart, lowest trading fee. Exchange Litecoin Bitcoin at the best rate on StormGain. Oct 26, · When LTC actually starts to pump, I would convert the LTC to BTC to collect more BTC effectively. You too can do this and aim for a % increase in your initial BTC investment. However, for this to be done, you need to thoroughly understand the process of conversion. For example, If a trader takes a short position of LTC on 10x leverage, and the price of Litecoin falls 3% the trader will earn a profit of 30 LTC. A similar spot trade without leverage would result in only 3 LTC earned. Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade.
How to trade btc for ltcHow to exchange lTC for BTC on Godex - NewsDio
But you'd better be right; the increased leverage of a small margin means that losses can become far more than that first investment. Another important aspect of CFDs: They are done through brokers. You'll need to make sure you're working with a respected and trustworthy broker - one that can actually pay you should you be owed money. Trading bitcoin via CFDs is incredibly risky - even by bitcoin's usual standards of risk.
The wrong move can turn into a crushing loss very quickly. With CFDs posing such a risk, some may just decide it's better to own your own bitcoins.
And those looking to trade it like stocks still have plenty of options. Bitcoin is nearly a decade old now, and in its wake are hundreds, if not thousands of other cryptocurrencies that have sprung up in an attempt to compete with it.
Some competitors have become mainstays in cryptocurrency news, but none have yet matched bitcoin's value. If you think cryptocurrencies are the future, or are even just fascinated by one or two particular ones, there are ways to trade in some of your bitcoins for them. You'll need to make sure you have the right bitcoin wallets and use the right bitcoin exchanges, depending on which cryptocurrencies you're choosing; they're not all as universal across exchanges as bitcoin.
In previous bitcoin articles, we've discussed other popular cryptocurrencies that one might look to invest in as well, such as Ethereum, Ripple and Litecoin. There are other highly valued cryptos out there, like Bitcoin Cash and Dash each of which boast a much faster transaction time than bitcoin , that can be considered. Bitcoin owners who use Coinbase as their wallet use Coinbase's own exchange, GDAX, to buy and sell their cryptocurrencies.
Go to GDAX and login with your information. On the left side of the page are the options for Market, Limit, and Stop. Entering the amount of BTC you want to spend for Market and pressing Buy allows for an immediate purchase at current market prices.
Limit tries to order at the specified price or better. A Stop order becomes active after a specified price is reached, and you have the option for it to be a market order or limit order. It actually offers far more cryptocurrencies to trade for - dozens of them, in fact. Bitfinex also offers several more options for your orders, such as OCO, aka One Cancels Other - placing a pair of orders with the understanding that if one order is completed the other is immediately canceled.
Gemini and Poloniex are two other fairly prominent bitcoin exchanges that let you trade for ethereum, while Kraken also offers Dash and Ripple. Trade fees vary from exchange to exchange.
As always, none of these are recommendations for bitcoin exchanges to use, merely lists of known ones. Research the success and security of any exchange you're interested in; many have been hacked before. Depending on which wallet you have and which currency you want to trade, you may need to first move your bitcoins to a different wallet. It's a little annoying, but not as inconvenient as you might assume. Coinbase allows for transfers both on desktop and via your phone.
On mobile, you can also use your other wallet's QR code to send bitcoins. Maybe when you mean you want to trade bitcoins, you just want to trade them away. You think it has peaked and you're never going to get a better investment, or you think you may as well pull out now before the losses get worse.
Or maybe it's just stressful to watch bitcoin shoot up and crash down constantly and just want to use money again. Whatever the reason may be, selling bitcoins isn't difficult. Many of the ways you bought bitcoin double as a place where you can sell it. All the exchanges mentioned above will let you sell bitcoin as well. Select where you want your money deposited to; often this is a bank account you already linked to the wallet when you first signed up.
The time it will take for the funds to find their way to your bank account will depend on how long it takes for a sale to go through and how busy the exchange is when processing. Direct trading websites like LocalBitcoins and Paxful connect buyer and seller directly without any additional third parties. The buyer deposits money into the seller's bank account and, upon showing proof, the seller can send the bitcoins from their wallet to the buyer's.
Some direct trading sites offer other methods of paying or accepting money, including gift cards and gift card codes, PayPal and Venmo. The idea of not needing a third-party exchange can admittedly be a tempting one, especially if you're worried about how secure they are. But direct trades come with plenty of risks, too.
By putting you directly in contact with the buyer, they leave the method of trading up to you, including potential in-person exchanges, which are incredibly risky to do with a stranger. Using Changelly for a swift exchange from Litecoin to Bitcoin is a smart way when you know time is a big factor and that the market is too volatile.
You need an email ID to register and use their services. Binance also has the lowest trading fee if you use its native BNB tokens. Hence, it becomes an obvious choice to exchange your Litecoins for Bitcoins if you are doing it multiple times in a month. Also, they have a mobile app that helps you make such exchanges quickly on the go without wasting too much time. Here is the walk-through of the app by Harsh. The process is the same as shown in the video above. Last but not least, it is one of the few exchanges that takes very less time to complete your KYC and registration.
Here is their official step by step registration guide which you should definitely look at if you are stuck somewhere. And as it is a fast growing exchange, it also has decent liquidity for LTC and BTC pairs so you need not worry about your huge orders.
Another thing that I liked about KuCoin is their easy to use UI and the simple registration process which barely takes a few minutes. Huobi is an international standard cryptocurrency exchange operating in this space since last 4 years and they have earned quite a bit respect in the crypto community as they are innovative about their approach so far.
The exchange headquarters in Singapore, and has offices in Hong Kong, Korea, Japan, and the United States and is operating in this space since This process might take a day or two. You can deposit Litecoin on Huobi and convert it to Bitcoin anytime by registering on the exchange.
Note: You will be able to accomplish a BTC-to-LTC or vice-versa conversion swiftly only if you have a verified and registered accounts on the exchanges. Also, use these exchanges only to convert your LTC to BTC and never store any of the cryptos on them for a long term because centralized exchanges like this are susceptible to hacks.
And if you are looking for a single recommendation for storing Bitcoins and Litecoins together in a wallet, look further than Ledger Nano. Find this post helpful? Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Your email address will not be published.