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First, you have to complete Advanced Verification on the Nexo platform which only takes a couple of minutes. Once you pass verification, then:
Your LTC assets are kept in BitGo bank-grade cold storage and carry $375M in insurance protections. Our partners’ hardware and software guarantees allow for instant access to your funds and full independence from third-party providers.
Litecoin is the first altcoin created after Bitcoin, so it’s not surprising that the two cryptocurrencies share many similarities. However, there are some key differences, too.
For example, Litecoin takes only 2.5 minutes to generate a block of transactions compared to Bitcoin’s 10 minutes, meaning LTC transactions are four times faster.
Another crucial distinction is that Litecoin has a limit of 84 million, while Bitcoin’s total supply is 21 million.
And finally, Litecoin’s hashing algorithm requires less computing power, allowing even regular users to participate in the mining process.
If you want to exchange your Litecoin, you can swap instantly via the Nexo Exchange. Click here to find all the market pairs we currently support.
There are zero price fluctuations when you place an order, compared to other providers where the price might change by up to 5%. Your balances are updated immediately the moment your order is confirmed.
Here’s everything you can do with your Nexo account: