Litecoin, for all its intents and purposes, is an alternatice currency and a fork of bitcoin which is based on the open-source global network of payment that is not controlled by any central authority whatsoever. It does not exist in physical form and hence cannot be stored physically. In order to store Litecoins, you need a litecoin wallet.
Just like your normal bank, before you can use litecoins, you need a way to store it. This is what a Litecoin Wallet does. With Prestmit litecoin wallet, even though it cannot be stored because we offer a strictly sell service, you can receive litecoins to the best litecoin wallet in Nigeria from anywhere in the world without questions, or delays, and zero fee.
Simply put, Litecoins sent to your wallet address are automatically converted to naira using the current corresponding rates.Sell Litecoins Now
When you create an account with Prestmit, you instantly get an operational litecoin wallet address that solely belongs to you with which you can sell litecoins at anytime.
Our customer support is always hands on deck to provide answers to your questions but here are some of the most frequently asked questions.
The trade process is automatic as you do not need to do anything. Once you have created your litecoin address, just send the litecoins to the address and WAIT for 3 confirmations. Once the transaction gets 3 confirmations on the litecoin network, the naira amount will be added to your naira wallet according to the corresponding rate and you can withdraw it at anytime.
The naira rate of litecoins in Nigeria is not constant. Often times, it goes hand in hand with the USD - NAIRA conversion rate but can also be affected by other factors. You can see current litecoins rates on Prestmit on your litecoin wallet page.
Unless a blockchain transaction gets 3 confirmations at least, it is not considered secure or safe. So, waiting for 3 confirmations is used to avoid fraud and ensure transaction non-reputability.
Around 15-30 minutes, however, it can take longer in some cases.
Click here to download Prestmit App. With this, users are closer to the platform, and can carry out transactions easier than ever.