Do you play in the Litecoin trading playground? Are you looking for a reliable method to cash out your Bitcoin revenue fast and securely with the least commission? In this case, we recommend that you exchange Litecoin to PayPal. But why do we suggest that? Read on to understand why exchanging Litcoin for PayPal is a great method of cashing out cryptocurrency revenue.
Exchanging Litecoin to cash, if not done through reliable sources, can be a risky process. To handle the exchange process, you need to find a reliable exchange agent with the best exchange rates and the least commission possible. We, here at Hi Exchange, offer you the best exchange rates in the market and help you exchange your cryptocurrencies to PayPal in the quickest way possible without KYC.
What is Litecoin and how does it work?
At this moment that I’m writing this article to show you how to cash out your Litecoins, this crypto is ranked 5 in the Crypto Market. Like its contemporaries, Litecoin functions as an online payment system in one sense. Like PayPal or the online network of a bank, it can be employed by users to transfer currency to each other. But instead of using US dollars, Litecoin carries out transactions in Litecoin units. That is where the similarity of Litecoin to most traditional currency and payment systems ends, although it is still one of the five most significant virtual currencies other than Bitcoin.
Litecoin, like all cryptocurrencies, is not issued by a government that has historically been the only entity trusted by society to issue cash. Instead, Litecoins are created by the elaborate procedure called mining, which consists of processing a list of Litecoin transactions, being regulated by the Federal Reserve and coming from a press at the Bureau of Engraving and Printing. The supply of Litecoin is fixed, unlike traditional currencies. Ultimately, there will be only 84 million Litecoins and not one more in circulation.
How about PayPal? What is PayPal and how does it work?
PayPal is a digital payment service that customers can use while they are shopping online. PayPal keeps payment information, like bank account or credit card details, so that customers are not forced to type in the numbers every time they are purchasing something. PayPal also hides this financial information from businesses, creating a layer of security for online shopping. PayPal payments can be incorporated by small businesses and big corporations into the online checkout process. Plus, you can cash out your PayPal money into your credit/debit card in no time.
Why exchange Litecoin to PayPal?
As mentioned above, Litecoin is a pretty common cryptocurrency that is used widely. However, in the world we live in today, most of the time we are still forced to use traditional currencies for more common purchases. To this point, if you exchange Litecoin to PayPal you will have quick cash in your PayPal account that you can use for almost anything.
Now what to exchange your Litecoins for is a personal decision. But if you’re reading this for my advice, I recommend exchanging your Litecoins to PayPal. Especially if you’re using Hi Exchange, since you receive cash in your PayPal account in no time with the best LTC/USD rate and without any KYC processes. No KYC means you don’t need to sign up or submit any documents to carryout your Litecoin exchange. Therefore, the whole process is fast and easy to do.
How to Exchange Litecoin to PayPal?
The best part about exchanging Litecoin to PayPal on hi.exchange is that prior to performing any sort of exchange, you do not have to sign up on the website. Signing up is only required for the exchange of large quantities.
After entering the homepage, you will need to choose Litecoin and PayPal (Dollar or Euro) from currency pairs and enter the amount you are planning to exchange, then the amount of your target currency will automatically be calculated and presented to you.
Press Exchange and you will be taken to the next step where you will be asked to enter your PayPal account details, email, and phone number.
Once again, press exchange, and you are forwarded to the next stage where you are asked to review your order.
Pass the captcha test and then click on exchange to go to the next stage where you will obtain a tracking ID, an address, and an Explorer Url. Litecoins need to be transferred to the wallet specified in the method. After you have transferred your Litecoins to hi.exchange, click the “I’ve Paid” button and you can track the state of your exchange Litecoins to PayPal order. After your payment is approved, you will get cash in your PayPal account.
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