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What is the difference?

Exchange Stellar Lumens to Litecoin

What do you need to know?

  • ­ The average time to exchange XLM for LTC is from 1 to 2 minutes
  • ­ You need 1 confirmation of the XLM blockchain for the exchange
  • ­Need to enter Memo when sending XLM

A brief history of Stellar Lumens

Stellar is a publicly available decentralized marketplace with various assets in circulation. The platform also has its own open source cryptocurrency Stellar Lumens (XLM).

The currency is based on the Stellar Consensus Protocol (SCP), which is similar in principle to the BFT protocol of the Ripple platform, but has a significant difference — all network validators are equivalent, there are no central control nodes in the blockchain. XLM coin is more decentralized than Ripple, but less decentralized than Proof-Of-Work cryptocurrencies (such as Bitcoin and Ethereum).

What is a Memo and do I need to specify it?

When sending XLM, there is an additional Memo field. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Be sure to include it when paying for the order.

If you forgot to enter a Memo or entered it incorrectly, write to our technical support. We will solve this problem.

Stellar Lumens network speed and fees

XLM is considered to be a fast blockchain. The transaction is confirmed in a few seconds. The fee is very small, on average 0.00001 XLM.

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.

exchange in 3 easy steps

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