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How to Exchange Litecoin to Ripple at the Best Rates?

How to Exchange Litecoin to Ripple at the Best Rates?
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The Ripple vs Litecoin debate is a serious discussion among crypto enthusiasts and investors. This is partly because both of these coins are making huge waves in the crypto market. Additionally, both coins are similar in that they have the same ideology behind them. That is, making transactions simple, secure, and low cost. Therefore, there is some level of competition between these two coins as they both try to outdo each other.

Everyone has their own opinion regarding which is the better coin between the two. However, both coins are going to be in the market for the long haul. Therefore, both have the potential to make it big. So how different are these two and which one is a better investment than the other? In this article, we are going to uncover the answer to these questions. Make sure to stick till the end to find out how you can convert your LTC to XRP.

How to Exchange Litecoin to Ripple at the Best Rates?

What is Ripple?

It is important that you understand that each time you mention Ripple, you could be talking about one of three things; Ripple the crypto, Ripple the blockchain ecosystem, and RippleNet the company. Ripple the cryptocurrency is denoted by the ticker XRP and runs on top of the XRP ledger. It was created to be a scalable, cost-effective, and speedy alternative to other digital currencies and existing monetary platforms such as SWIFT. The Ripple ledger processes transactions in about 4 seconds, making it extremely fast.

What is Ripple?

What is Litecoin?

Litecoin was originally created as an alternative to Bitcoin. For this reason, it is based on the Bitcoin protocol but with a few differences in hashing algorithm, block transaction times, the hard cap, etc. The aim was to make Litecoin fast, low-cost, and secure by taking advantage of some of the unique properties of the blockchain. Today, Litecoin is widely used and accepted by both merchants and individuals, pushing it among the top 10 cryptocurrencies in the market. The main benefit of Litecoin is that transaction fees are almost negligible and are confirmed in mere minutes.

What is Litecoin?

LTC vs XRP

Below are some of the differences between LTC and XRP.

 

Litecoin

Ripple

Symbol/Ticker

LTC

XRP

Launch Date

2011

2012

Founder

Charles Lee

Chris Larsen and Jed McCaleb

Function

Peer-to-peer transactions on a day-to-day basis

Processing cross-border transactions

Hashing Algorithm

Ripple Protocol Consensus Algorithm (RPCA)

Scrypt

Transaction Time

2.5 minutes

4 seconds

Price

$195.73

$1.11

Market Cap

$13,472,589,575

$52,043,987,967

Total Supply 84,000,000

99,990,191,217

Max Supply

84,000,000

100,000,000,000

LTC vs XRP

Should I buy Ripple or Litecoin?

Whether you should buy Ripple or Litecoin, there is no straight answer. These cryptocurrencies are significantly different and offer great solutions to users. Ripple is one of the fastest and largest growing cryptos in the industry. Litecoin, on the other hand, is a major player in the crypto market too. Therefore, there are so many distinctions and factors that you need to take into account. If anything, a great way to know which one is best would be to buy both coins and see which one you want to remain with.

Is Ripple Better Than Litecoin?

When it comes to real-world usage, Ripple is definitely the coin that’s winning and creating a significant change for both individuals and institutions alike. Not only is it a lucrative venture, but also it’s drawing a lot of attention from users all over the world. Furthermore, from an investor’s point of view, Ripple is more affordable than Litecoin. Therefore, you won’t burn a hole in your pocket trying to invest in it as you would with Litecoin. Plus, since it starts from a low price point, any price explosion would result in a higher ROI.

Should I buy Ripple or Litecoin?

How to buy Ripple with Litecoin?

If you wondering how to buy Ripple with Litecoin, don’t worry. The process is not as complicated as it sounds. A majority of exchange platforms support Ripple Litecoin exchanges. However, the only downside to buying Litecoin through a majority of these platforms is that you have to jump a few hoops such as creating an account, verifying your identity, etc. However, at Swapzone, you can bypass all these steps and get straight to exchange your coins. In the next section, we discuss how you can convert your Litecoin to Ripple at Swapzone.

How to buy Ripple with Litecoin?

How to convert Litecoin to Ripple on Swapzone?

Decent exchange platforms are hard to come by. And even when you do find some good ones, you still have to jump a few verification hoops before you can get your coins. However, Swapzone offers you an easy way to exchange Litecoin to Ripple without any of the verification barriers. Therefore, making Swapzone the best Litecoin to Ripple exchange in the market. Below is how you can exchange Litecoin for Ripple on Swapzone:

Step 1. Open Swapzone on your web browser.

Step 2. Locate the “select pair” tab, and insert the amount of LTC that you are willing to swap in the “send” section.

Step 3. In the “get up to” section, you will see the amount of XRP to receive for your LTC.

Step 4. Immediately after you enter the details, Swapzone will provide you with a number of offers. You have the option to choose based on the best rate, fastest exchange time, and the one with the best service rating.

Step 5. Worried about the validity of a particular exchange? Fret not, Swapzone has taken an extra step to ensure that information about each exchange partner has been added to the platform. This information includes reviews, pros, and cons. To access this information, simply click on the exchange and you will automatically see it.

Step 6. Once you find an offer you like, simply click on it and click on “exchange”.

Step 7. Once you do so, you will be prompted to enter the wallet address to receive your XRP, an address to refund you, and an email address (which is optional).

Step 8. Once you’ve entered these details, hit on “proceed to exchange”.

Step 9. After your deposit is received, the exchange partner will then convert your LTC deposit to XRP. Just wait for the process to finalize. It may take some time.

LTC to XRP Converter

With Swapzone LTC to XRP converter, you can easily check the LTC to XRP exchange rate that lets you know how much one Litecoin is worth in Ripples. You can even make a reverse calculation by finding out the XRP to LTC exchange rate which lets you know the value of 1 Ripple in Litecoins. Additionally, if you prefer visual data, you can access it with an XRP LTC chart. Trust Swapzone to provide you with all the information that you need to make all the right choices.


How to convert Litecoin to Ripple on Swapzone?