So, what is Litecoin?
“Litecoin is a powerful, political and economical tool which anyone, anywhere can use without permission to transact with anyone else in the world and partake in a genuinely global economy. The Litecoin blockchain is the largest global scrypt-based network, operating with 100% uptime since 2011 securing and tracasting billions of dollars of value.” - https://litecoin.org/
Litecoin is essentially a fork of Bitcoin. In technical details, it is very similar to Bitcoin but has a block confirmation time of 2.5 minutes vs Bitcoin's confirmation time of 10 minutes. Litecoin was an early altcoin, starting in October 2011. Litecoin, just like Bitcoin, is still sailing strong in the top 10 Cryptocurrencies list nearly 10 years after birth. Litecoin was also the first one to adopt SegWit and the first transaction on the Lightning Network was done with Litecoin.
For more information on Litecoin, you can visit their official website here.
You can also read more about Litecoin on the CoinMetro blog here!
How to buy or sell LTC on CoinMetro
How to receive/deposit LTC
For all in-depth information on how to deposit LTC into your CoinMetro account, please click here.
How to send/withdraw LTC
For all in-depth information on how to withdraw LTC from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing LTC.
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