How to Convert LTC to ETH
To convert your Litecoin to Ethereum, you will first need to create a new account with an exchange of your choice. This account is essential because it will allow you to trade and hold your cryptocurrencies, including Litecoin and Ethereum. Next, you will need to transfer your Litecoin to the new account. You can purchase your first Litecoin with fiat currencies using your debit or credit card.
Once you have fundings in your account, head to the Markets tab. Proceed to change your Litecoin to Ethereum using the exchange’s currency converter. Once the process is complete, you will have converted your Litecoin into Ethereum.
About LTC & ETH
What is Litecoin?
Litecoin is a cryptocurrency created in 2011. It is a more efficient and faster alternative to other cryptocurrencies for many people. It can be used to pay people in any country without going through an intermediary, and it has less expensive fees than Bitcoin.
Litecoin has the potential for more significant transactions. It uses Scrypt in its Proof-of-Work algorithm, a sequential memory-hard function requiring more memory than an algorithm that is not memory-hard because it can be processed much faster on a modern computer.
Litecoin’s popularity and widespread use stem from its secure low transaction fees, the ability to process transactions quickly and the fact that it is also open source. It uses a unique algorithm to ensure its security — as with all cryptocurrencies. Additionally, anyone can easily access and contribute to Litecoin.
What is Ethereum?
Ethereum is a blockchain created by Vitalik Buterin and it allows for smart contracts, which developers can use to create decentralized applications (dApps) that run exactly as programmed without any possibility of fraud or third-party interference. Applications are often crypto-adjacent or otherwise designed to make buying, selling, and using cryptocurrency smoother. Ethereum opens up a whole new world of online transactions and business dealings possibilities. It can also be more potent, as it can handle more transactions per second.
Convert LTC to ETH using Rubix
This simple guide will walk you through how to convert LTC to ETH using Rubix.
First, you will need to create a new account on Rubix and set up your trading environment. Once you have created your account, send your Litecoin to your Rubix wallet. Next, set up your LTC to ETH trading environment. To do this, click on the “Markets” tab and click on the Litecoin’s page. You will see a list of currency pairs that you can exchange your Litecoin for on the left side of the Rubix currency pairs and Ethereum on the other side. Enter the amount of LTC you want to convert to ETH and approve the transaction.