It is no novel knowledge that Bitcoin remains the biggest cryptocurrency in the world. But, interestingly, you cannot but recognize the growing power of older altcoins. Litecoin has proven to be a force to be reckoned with, in the world of coins, as it keeps thriving, despite theories about their archaic concept. Litecoin is a decentralized peer-to-peer cryptocurrency. Like other cryptocurrencies, users can buy the coin online for use at retailers or as an investment currency. The crypto is run on technology called blockchain — essentially a public ledger that lists every transaction ever processed involving Litecoins.
Today, it is the fifth-largest cryptocurrency by market cap, despite it not being in support of smart contracts, and the crux being to mimic the concept of Bitcoin. Hence, we have questions such as what is Litecoin, where to sell Litecoin in Nigeria and Ghana and what can I do with Litecoin in Nigeria? This is why we have provided a detailed guide on how to get started with litecoin. And now, we will be guiding you on what to do with Litecoin.
What Can You Do With Litecoin?
You can use Litceoin in these different ways:
Buy From Amazon Using Litecoin
While Amazon does not directly accept Litecoin, you can still purchase items from Amazon with Litecoin using an LTC to USD conversion service or a gift-card service to pay on Amazon.
PayPal accepts Litecoin
Towards the end of October 2020, PayPal outlined its vision for a whole new service that would allow its users to purchase, hold, and sell several cryptocurrencies, including Litecoin. Hence, eligible PayPal account holders in the U.S. can already buy, hold, and sell Litecoin directly with PayPal.
Online Merchants Accept Litecoin
A large number of online merchants accept payments in different digital assets including Litecoin. And this has further enabled many holders of this coin to purchase items online using Litecoin.
Sell Litecoin to A Cryptocurrency Exchange
You can also sell Litecoin to trusted exchanges that allow you buy or sell cryptocurrencies and other digital assets. One of them is Prestmit ; where you can sell Litecoin for naira and cedis, if you are in Nigeria or Ghana. To exchange your Litecoin on this platform, download the mobile app and register. Once your trade is approved, you will get paid instantly.