The increasing popularity of cryptocurrency is inducing the decision of many people to invest in the digital asset. So if you are a crypto aficionado, and you want to know how to trade in Litecoin, you may need to know how to open a Litecoin wallet on Prestmit.
Litecoin is a cryptocurrency created from the fork of the Bitcoin blockchain. The crypto asset gives many investors an assertion that it has the potential for long-term holding, with most of its features similar to that of Bitcoin. Perhaps this is why Litecoin is touted as the “silver version” of Bitcoin.
We can not overemphasise how Litecoin has been able to tickle the interest of crypto investors who clearly understand the prospect of investing and trading in this digital asset. As of the time of writing this article, the price of Litecoin is over $81 with a market cap of $5.9 billion. In all of these, Litecoin sits as a viable digital asset to hold and trade. But the question here is how to hold Liteoin.
The simple answer to the best way to hold your Litecoin is to have a Litecoin wallet. A Litecoin wallet operates in the semblance of your local bank account, in which you can save your money. But the major difference here is that while your local bank account can only keep your fiat currency, Litecoin wallet is the system that houses your Litecoin for trade.
However, the proliferation of different Litecoin wallets has made it difficult to infer which is the best to use. In this instance, the Litecoin wallet on Prestmit has and remains the best wallet for your Litecoin.
Prestmit is an African over-the-counter (OTC) digital trading platform that has over the years been one of the best most sought-after digital trading platforms in the continent. You can buy and sell digital assets like cryptocurrency and gift cards on this platform.
No doubt, Prestmit leads the pack as one of the best crypto trading platforms in Nigeria, with the same feat as the best site to sell Litecoin in Nigeria.
Many significant features make Prestmit the best digital trading platform, and some of them are:
- User-friendly interface
- Fast transaction
- Low transaction fee with no hidden charges
- Secure transaction
- Responsive customer support
These features underpin the viability of Prestmit as the best platform to trade not only your cryptocurrencies but your gift cards. Therefore, you can sure of being using Prestmit as your trusted buddy when you need to have a Litecoin wallet.
How To Set Up A Prestmit Account
Creating an account on Prestmit is simple and fast, which is devoid of any ado. You are on your highway to getting a Litecoin wallet on Prestmit if you get started with the following steps:
- Download a Prestmit app on Google Play Store or Apple Store
- Create a Prestmit account by providing some of your basic information
- Log into your Prestmit account
Tips To Keep Your Prestmit Account Safe
It is incumbent on you to stay upright in keeping your Prestmit account safe, just as you do your local bank account. This is owed to the fact that your account is your access port to your funds, and when it is compromised, it may lead to a possible loss of funds. Hence the need to keep your Prestmit account safe with these few tips:
1. Keep Your Password Secret
Your password must be your secret code that is exclusively known to you. Irrespective of your relationship with people, you avoid divulging your Prestmit password to them. You must endeavour to stay woke to the cliché that “two is company, three is crowd.” This enables you to be proactive in keeping your password secret at all cause.
2. Personalise Your Device
A good understanding of our users being mostly mobile users, with some as desktop and tablet users begs the need to reiterate the importance of keeping your device away from people’s reach. Do not give people easy access to enable them to navigate the apps and functions on your device. Therefore, you must restrict third-party access to your device.
In the sequel of our discourse, a good sense of an approach to securing your Prestmit account is the bedrock to having a secure Litecoin wallet on Prestmit. But let’s take delve into getting the step of getting a Litecoin wallet.
How To Open A Litecoin Wallet On Prestmit
Similar to how you can create a Prestmit account, the process of opening a Litecoin wallet on Prestmit is direct with the following steps:
- Log into your Prestmit account
- Click on “Wallet”
- Click on “LTC Wallet”
- Copy the LTC address or download the wallet QR code
- Your wallet is ready as you can start to receive LTC
- You can set your default fiat wallet to either naira or cedis. But set it to “naira” in Nigeria
How To Send And Receive Litecoin With The Wallet On Prestmit
You can start to buy and sell Litecoin in Nigeria immediately after you successfully set up your Litecoin wallet on Prestmit. You can do so with the following steps:
- Log into your Prestmit account
- Click on “Buy & sell cryptocurrency”
- Click on “Sell LTC”
- Receive LTC into your Litecoin wallet on Prestmit by sending it to the provided address
- Sell your LTC in a Prestmit wallet for instant naira
Tips For Using Your Litecoin Wallet On Prestmit Secure
It is one thing to have a Litecoin wallet on Prestmit and it is another thing to do your due diligence in ensuring the security of your wallet. This starts from realising that your Litecoin is a digital asset of great value. Therefore, taking safety precautions to cognizance is of greater essence.
However, here are some of the tips to help the safety and effectiveness of your Litecoin wallet on Prestmit.
1. Keep Your Private Key Hidden
We can all come to terms with how we protect the four digits PIN of our ATM cards from unwholesome exposure. This is the same narrative you must push for while having a wallet on Prestmit.
Often than not, it is safer to write your private key in a diary and keep out away from the reach of people. This is because of different people that may have access to your devices and in a way can get hold of your private key where it is written and saved on your device.
2. Restrict Access To Your Device With a Password
It is important and advisable to enable a password on our devices to limit the access of people to them. This would enable you to control unauthorised access to your devices. You can only trust yourself when it comes to funds, hence the need to make its use private in its entirety.
3. Enable The 2FA Always
One of the sophisticated security frameworks available on Prestmit is the two-factor authentication (2FA) code which exclusively gives you authorization to your Prestmit account, and ultimately Prestmit wallet. When you use this security feature, you can be assured of the safety of your funds on Prestmit.
How To Troubleshoot Common Issues On Prestmit
As earlier stated, one of the core features that make Prestmit better than its contemporary is its responsive customer support team. This means that you can easily escalate any issue to the support team and you will get a swift and apt response.
The customer support team is available 24/7 to take your queries and resolve them as fast as possible. You can contact Prestmit support via email or live chat for all trading needs. Therefore, endeavour to immediately reach out to us when you notice an anomaly on your Prestmit account and we will be there for you until it is properly resolved.
Litecoin is a great digital asset to have, as it gives you the real-time value of its price. So whether you are a newbie or an expert in Litecoin trading, having a Litecoin wallet is important. Remember you can get only get the best and most secure Litecoin wallet on Prestmit.
However, it is critical to take precautionary measures to protect your Litecoin wallet from unauthorized access that could lead to an imminent loss of funds. Trust Prestmit with your Litecoin wallet and start trading Litecoin at ease.