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What is the difference?

Exchange Litecoin to XRP

What do you need to know?

  • ­ The average time for exchanging LTC to XRP is from 5 to 10 minutes
  • ­ You need 2 confirmations of the Litecoin blockchain for the exchange
  • ­ If you cannot send funds to our wallet, you can easily convert it to the old format
  • ­Destination tag is the payment ID in Ripple. If you need it when sending a transaction, be sure to include it
  • ­If this is your first time using a Ripple account, you need to activate it. To do this, you need to send at least 20 XRP

Litecoin — Bitcoin's first fork

Litecoin-electronic peer-to-peer cryptocurrency, created in 2011 by a former employee of Google and Charlie Lee, when creating the basis was taken the source code of bitcoin (Litecoin is a fork of Bitcoin). In the crypto community, it is often called "digital silver".

The speed and fees of the Litecoin blockchain

Litecoin is considered to be a fast blockchain, the average block exit time is 2.5 minutes.

Today, the average Litecoin transaction fee is 0.00049 LTC, which is approximately $0.03.

XRP at a glance

Ripple is a blockchain-like payment system launched by OpenCoin Inc in 2012 that focuses on non-chargeback currency exchanges.

Ripple works not only with cryptocurrencies, but also fiat currencies and commodities. That being said, it is worth highlighting the difference in the names of Ripple and XRP. Until recently, an equal sign was put between these two names. Now, Ripple is the name of the company, and XRP is the internal cryptocurrency of the Ripple network.

Ripple account activation

If this is your first time using a Ripple account, you need to activate it. To activate a Ripple account, you need to send at least 20 XRP to it, which are frozen forever. This stock is attributed to spam protection. The purpose of the fees is to protect the network from DoS attacks, making them too expensive for hackers.

What if the Destination tag was not specified when needed?

Destination tag is the payment ID in Ripple and other coins. Many services have protection on addresses, which does not allow transactions without a tag.

If it happened that you forgot to specify the tag or specified it incorrectly:

  1. Check if the transaction went through. To do this, you can use the Xrpscan service.
  2. If the transaction is not confirmed, please write to our technical support. We will help you resend it.
  3. If, nevertheless, the transaction went through, then, unfortunately, we will no longer be able to help. In this case, you should write to the technical support service of the service to which you sent it.

Operation speed

The advantage of XRP over competitors is that the speed of financial transactions is almost instantaneous. An interesting feature is that the speed will not be affected by either the price or the Ripple rate, and even the load on the network will not be a problem.

exchange in 3 easy steps

  1. Enter the desired amount of Litecoin and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Litecoin to the address from your order, after the required network confirmation, Ripple will be sent instantly.