I hope you are enjoying the cryptomania with CoinSutra. I also believe that being a part of CoinSutra community has helped many of you to enhance your knowledge about cryptocurrencies.
One of many ways to make money in the cryptosphere is to HODL good coins for sometime and flip them once you can see good returns in USD/BTC (or whichever pair you want to measure it in). This flipping, however, requires both time and patience!
I often do this when Bitcoin isn't fluctuating too much. I enter more stable coins like Litecoin if they haven't pumped. 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 25-40 % increase in your initial BTC investment. However, for this to be done, you need to thoroughly understand the process of conversion.
Hence, I am listing a few easy steps for you to exchange between these pairs effectively and efficiently.
Exchange Litecoin To Bitcoin Or Vice-Versa Instantly (LTC to BTC)
LTC and BTC are the dominant pairs which are traded across various platforms so you should not have liquidity issues while converting Litecoin to Bitcoin unless you are using a not-so-great exchange to do so.
Binance is currently the number one exchange in terms of liquidity of most popular cryptocurrencies and also in the top three for providing liquidity for BTC/LTC pair.
Binance also has the lowest trading fee if you use its native BNB tokens. It waives off your 50% fees! 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.
You need to transfer LTC to Binance and then exchange it for BTC. 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.
Cryptopia is an underdog cryptocurrency exchange where you will usually find low-cap gems for huge profits.
But I like Cryptopia's fast-moving UI and easy to navigate dashboard. Also, it has been in the crypto space for quite some time now, so you can get a good volume for matured cryptocurrencies like BTC and LTC too.
You can deposit Litecoin on Cryptopia 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. If you don't have a verified account, it is recommended that you register because these exchanges can stop taking new registrations any time.
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 S.
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