Bitcoin’s price keeps fluctuating, and that’s not a problem.
Instead, this volatility is a badge of honor for freely traded commodity. But this volatility is sure to subside with time and adoption.
Bitcoin is scarce too, and it is likely to the reserve currency of the world, and that’s why many altcoiners are discarding altcoin to enter more Satoshis for it.
Likewise, Litecoin holders are no different who are trying to buy Bitcoin with every Litecoin they have. And it looks like you are one of them who want to swap LTC to BTC
So without further addon let me tell you exactly how you can change LTC to BTC using Chaneglly service. Changelly is one of the oldest crypto swapping services and is quite fast.
How & Where To Exchange Litecoin (LTC) To Bitcoin (BTC)?
Step #1. The first thing is to make your account on Changelly. Use this link if you don’t have an account. You will be required to give only your email ID for this, and no other KYC document is required at this point.
Step #2. Check your inbox for any confirmation email from Changelly. If you haven’t got the same, kindly ignore this step and move to Step #3.
Step #3. Login to Changelly after making your account. Here you need to select LTC and BTC pairs as shown in the below image. Make sure to enter the correct of LTC that you wish to swap for Bitcoin. Once you have done that the value of BTC will auto-populate based on the current LTC/BTC price.
Note: In this example, I am exchanging 10 LTC for BTC.
Step #4. Once you have selected the correct LTC amount, click on ‘Exchange Now’ option shown in the above image to see this screen. Here also you can vary the amount of LTC your wish to swap for BTC and also can check other details on a high level.
Step #5. Now click on the ‘Next step’ button as shown in the above image, and you will be taken to another screen demanding your Bitcoin address where you will be sent your bitcoins.
Also, if you don’t have a Bitcoin address yet, then we suggest you choose your Bitcoin wallet from here to get your Bitcoin address. Make sure you are putting this BTC address correctly !!
Step #6. After adding the BTC address, click on ‘Next Step’ button shown in the above image once you do that you will be shown details of your conversion such as BTC address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.
Step #7. Once you have checked all the details, click on ‘Confirm and make payment’ shown in the above screen.
You should see this screen now asking you to send the LTC first on a given address or QR code. Don’t worry; this is how it is supposed to work when you use Changelly.
You need to provide the relevant currency first after which you receive the other currency. Take out your LTC wallet and scan/put the shown address to send your LTC on it.
Note: You have 36 hours to send LTC on this address, but we suggest you send ASAP because the price of LTC/BTC pair keeps fluctuating.
Step #8. You will see this screen as soon as you have sent LTC to this address. It means your transaction is still unconfirmed by the blockchain and it might take 10-15 minutes to get the usual number of confirmations. Once this is done you swap will start.
The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:
- Getting confirmations
- Exchanging LTC to BTC
- Sending Bitcoin to your wallet
Step #9. You need not do anything now except for waiting patiently. As soon as the conversion is complete, you will see this screen congratulating you for the successful conversion. You can also check the details of your transaction on the blockchain by clicking on the option ‘See transaction on blockchain.’
Congratulations, Tada….!!! You have done it
Conclusion: How to Swap Litecoin To Bitcoin?
So this how you can quickly and safely swap LTC to BTC.
Remember, cryptocurrency transactions are irreversible; that’s why it is good to check twice before you proceed for the actual conversion.
Having said that Litecoin is one currency that I believe will stick around for 5 or more years and I would never sell my all LTC for BTC.
Lastly, using this guide, you can also perform other cryptocurrency swaps too by following the same steps. And don’t forget to follow us on Twitter @themoneymonger for much such article’s updates
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.