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I hope you are enjoying the cryptomania with CoinSutra.
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.
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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.
1. Changelly
Changelly is a multi-currency swapping exchange using which you can exchange different currencies for different pairs in relatively lesser time.
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.
Moreover, it doesn’t require you to go through the painful KYC or registration process. You need an email ID to register and use their services.
You will require the following things to exchange LTC to BTC from Changelly:
- BTC address where you would like to get your LTC coins (Choose BTC wallet)
- Some Litecoins to exchange with Bitcoins
Head to CoinSutra’s Cryptocurrency Exchange – Changelly and follow the steps in the guide.
Note: This guide shows how to exchange BTC for XRP in a step by step manner, but the process to exchange LTC to get BTC is similar.
2. Binance
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.
3. KuCoin
KuCoin is another fast-growing exchange which is getting a lot of traction this year.
It is being noticed mainly because of its low trading fees as well revenue sharing model with the KuCoin Shares HODLers.
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
If you wish to exchange your LTC on KuCoin anytime, just deposit it and exchange it for BTC!
4. HTX
HTX is an international standard cryptocurrency exchange operating in this space for the last several years and they have earned quite a bit respect in the crypto community as they are innovative about their approach so far.
HTX is a leading global digital asset exchange. The exchange headquarters in Singapore, and has offices in Hong Kong, Korea, Japan, and the United States and is operating in this space since 2013.
To get started on HTX you need register with your email ID and submit your documents for KYC. This process might take a day or two.
You can deposit Litecoin on HTX and convert it to Bitcoin anytime by registering on the exchange.
Conclusion: Best Ways To Convert LTC To BTC
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.
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For further reading:
Whatabout using Cryptonator to exchange?