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Litecoin to Bitcoin exchange details
What is Bitcoin?
Bitcoin is the most well-known cryptocurrency, mostly popular for introducing the concept of a peer-to-peer payment system with no third party involved, logging its records on a public Blockchain. It is still the biggest and most important cryptocurrency, with around 50% of the total crypto market size.
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Bitcoin and Litecoin are both ranked in the top 5 cryptocurrencies ranked by market cap. Undoubtedly LTC/BTC pair serves the needs of many crypto traders looking for ways to diversify their portfolios.
Also, both cryptocurrencies are ranked in the top 5 of total volume traded daily, meaning both of them are really easy and fast to exchange given their liquidity. Both are highly demanded. Remember that each of these cryptocurrencies operate on separate blockchains, so transfer times of each will depend on the congestion of both networks. A usual LTC transaction takes around 7 minutes to complete, whereas BTC ones usually take longer.
How to Buy Bitcoin
Switchain offers a possibility to check the most relevant Bitcoin price and allows to buy and sell BTC at the best rates with no account registration required. Our user interface provides an easy way to convert Litecoin to Bitcoin. Switchain doesn’t keep your coins at any moment, and you will receive Bitcoin in your own wallet once the LTC to BTC exchange is completed.
We always recommend users to store their cryptocurrencies in personal wallets rather than in exchanges. There is a variety of alternatives for you to choose: hardware, desktop, mobile wallets, and not all of them are always compatible with every cryptocurrency.