Change WMR to Litecoin (LTC)
The list above shows exchangers sorted by the rate of exchanging WMR to Litecoin (LTC). The exchanger with the best rates is at the top of the list, exchangers with worse rates are listed below it. Choose the exchanger with the rate you need and click it to go to the site and exchange the money.
What is Litecoin wallet and how to use it?
Litecoin wallet is one of the crypto wallets. You will have to go to the official website of the Litecoin and download the application. You should wait for the network to sync and then encrypt your wallet with a very strong password and then you will need to back up your wallet. It is highly recommended to back up every transaction. With all the steps being followed you should be good to use the Litecoin wallet.
Why should you use Litecoin?
Litecoin is open sourced. Its flexibility has made possible to hold the new SegWit system and moving towards the adoption of the Lightning Network technology as well. It is extremely fast and has very less transaction fee. This Crypto has enhanced security and its faster transaction processing makes the system less vulnerable to attacks as there is a very little time-window for hackers to attempt double-spending attacks.
Where should I store Litecoin?
For any coin to invest in, you should know the fundamental factors the decides the base price of that particular coin. The price of Litecoin is considerably growing and you should watch out for a fall in price to the base price so that you can buy it for the right price. Litecoin`s volatile nature makes it hard to forecast what its price will do.
Can I mine Litecoin?
Yes, you can mine Litecoin. But Litecoin can never compete with Bitcoin for miners. Because a lot has changed since the Bitcoin mining has started and Litecoin mining is no longer profitable without specialized equipment. Litecoin mining is based on script rather than SHA-256 as their proof-of-work hashing.
Why should you NOT use Litecoin?
The USP of Litecoin is that it is way different than the way Bitcoin works. But after the SegWit update, it has become kind of similar on how Bitcoin works. Also, the credibility of the coin is getting faltered as the founders and investors of this crypto sold all of their LTC holdings. On top of that, the cancellation of the promised Literacy service questions the credibility of the company.