Conducting a Litecoin (LTC) for Ethereum (ETH) exchange surely has to be done on a reliable platform. But there’s even more for smart investors to know. You have to be objective with your transactions.
In this article, we’ll compare both coins to see which is objectively better and check out where and how to trade either.
Litecoin versus Ethereum: What’s the Difference?
Ethereum is a decentralized, open-source blockchain platform launched in 2015. The system uses Ether for its operations. Ethereum is also a programming language running on a blockchain. Thus, it is often used to create and run decentralized apps (DAPPs) without fraud, downtime, or interference from any third party. Ethereum is also a platform for developers to create smart contracts.
As it stands, Ethereum is the most successful altcoin. It is second only to Bitcoin (BTC) in the overall crypto world.
Litecoin is a 2011 alt created by Charles Lee from a BTC hard fork. It runs on an open-source, globally accessible payment network that is not governed by a central authority. LTC is a peer-to-peer platform too, so there are similarities between the coin and BTC. It was introduced to correct the weaknesses attached to Bitcoin.
Litecoin is a highly successful cryptocurrency too. In fact, it is the ninth most valuable altcoin.
Ethereum or Litecoin?
In simple terms, Ethereum is superior to Litecoin. It is a much more valuable asset to hold, and for good reason. It has a bigger market cap, hence it is much more liquid than Litecoin. However, what to note alongside this is that Litecoin does not have a bad value on its own. It is, after all, the ninth most valuable crypto in the world. Ethereum’s superiority does not mean Litecoin is a bad coin.
Places to Buy Your Ethereum with Litecoin
The reliability of an exchange has always been among the most critical considerations of trading. Below are the top four platforms for your transaction.
To demonstrate the trading process itself we used the Godex platform.
Steps for an LTC for ETH Exchange on Godex
An LTC to ETH exchange is a fast procedure that usually takes a few minutes.
- Select the two coins from their appropriate fields.
- Enter your wallet address.
- Deposit and wait until it is confirmed.
- Click on Exchange.
- The transaction is done.
The Bottom Line
In terms of rank, there is little difference between ETH and LTC. Both are, after all, second and ninth respectively in the industry. However, Ethereum has a wider market capitalization that promises a bright future. Moves like Ethereum 2.0 and CME ETH futures are also putting the coin ahead.
For easy transactions, conduct your LTC for ETH exchange on trustworthy sites — Godex.io, for example.