(!) All commissions of EXBASE.IO and payment systems are included in the price. The payment card issuer may charge an additional fee for the operation. The purchase and sale rate is focused on the course of the world's leading cryptocurrency exchanges and updates every 20 seconds.
- 1. Why is it profitable to make exchange on the EXBASE.IO platform?
We conduct operations that are based on Kraken / Coinbase / Bitfinex exchange rates at cross rates to local currencies. Our platform has direct agreements with payment service providers, bypassing intermediaries. Thus, we got the opportunity to conduct fiat operations with minimal commissions. This allows us to offer a more profitable course to our users
- 2. How exchange rate calculates?
The rate is determined by the purchase calculator and is calculated as the international exchange rate + payment system commission + blockchain network commission + small EXBASE.IO fee for the operation.
- 3. At what moment transaction rate fixes?
Exchange rate fixes at the moment when EXBASE.IO system receives the assets on it's wallet / account.
If you send cryptocurrency it happens after few network confirmations.
If you buying crypto for fiat, exchange rate fixes after confirming card withdrawal (entering 3DS code).
- 4. Are additional commissions charged during purchase?
All commissions are inquired in the exchange rate calculated by our purchase calculator. In rare cases, additional payment may be charged by the bank that issued the payment card, for example, if you use a credit card or a card with a currency that does not coincide with the payment currency (then so-called currency conversion happens).
- 5. Do I need to pass registration for exchange operations?
No, you don’t have to register an account in the EXBASE.IO crypto wallet for using quick exchange service. However, registered users don’t need to enter their data each time to make an exchange, and after registration, you will be able to use more website features for buying, selling, exchanging, storing, receiving and sending cryptocurrencies.
- 6. Do I need to go through KYC / AML when I use the quick exchange service?
Most exchange operations doesn't require KYC / AML.
During exchange with fiat currencies, in order to counteract fraudulent transactions, we may request to verify the card.
At the current moment, we support only operations with cards issued by banks - residents of Ukraine and the Russian Federation.
- 7. How long does exchange operation takes?
Buying a cryptocurrency takes an average of 5 to 7 minutes, which you need to fill out the forms for buying and paying for cryptocurrency. As soon as we receive payment for the cryptocurrency, we immediately send the cryptocurrency to the cryptocurrency wallet specified on the purchase form and you can track the process of crediting the cryptocurrency to your wallet using the link provided by us with tx.
The speed of depositing cryptocurrency to your wallet will depend on the transaction speed of the blockchain network of the cryptocurrency you buy and the settings of your crypto wallet (the number of confirmations at which you will be credited).
Sale operation is longer because it requires sending cryptocurrency from your wallet and a time for transaction confirmation in the blockchain. As soon as we will receive few confirmations from blockchain network regarding crediting cryptocurrency to our wallet, we will immediately make payment to your card.
Currency exchange operations are much longer because they require time to send cryptocurrency from your side and for depositing cryptocurrency which was sent by our service to your wallet. To speed up the operations of buying and selling cryptocurrencies, we recommend creating an account in the EXBASE.IO crypto wallet. In your own account operations will take much less.
- 8. Which fiat and cryptocurrencies are available for exchange?
Full list of available assets for exchange is currently presented in the exchange calculator in the drop-down lists. The list currencies which are available for exchange is constantly updating and expanding.
9. What happens if I send a cryptocurrency in an amount that is less than
or higher from the amount which I specified in the application during the exchange?
Our system works automatically. The exchange will be made exactly for the amount that was sent if it is not less than the minimum possible, nor higher than maximum.
If the specified amount is lower than the minimum or more than the maximum, such issue resolves by contacting EXBASE.IO support.
Litecoin exchange (LTC)
After it became obvious that the first Bitcoin cryptocurrency had great prospects, immediately there were those who decided to join this business. However, even at that moment, somebody understood that the first cryptocurrency had significant shortcomings, formed due to the fact that no one had yet known what problems blockchains might face in practice.
Therefore, the creation of an “alternative” to Bitcoin was only a matter of time. And on October 13, 2011, one of such alternatives was put into action. The creator of Litecoin was someone named Charles L., who took the basic open-source code of the Bitcoin blockchain as a basis and modernized it somewhat.
So, for example, there was used another encryption algorithm - scrypt, instead of SHA-256. Due to it, the mining speed increased about 4 times, and the transaction confirmation rate reached an unprecedented 2.5 minutes. Actually, that's why the new cryptocurrency was called litecoin - because it was much lighter than Bitcoin. The limit on the number of possible coins was also increased - also 4 times, so the emission of this cryptocurrency is comparable to BTC.
However, despite the noticeable advantages, most users chose to use the familiar Bitcoin protocol. Which affected the value of this currency. At the exact moment, the exchange of litecoin for BTC is about 150 to 1. Which is still pretty good. So Litecoin at the moment is at the 8th place by the cost of all cryptocurrencies. And it is unlikely that in the near future it will fall below the 10th place in the list.
So it is not surprising that more and more investors and active cryptocurrency users are wondering - where is the best place to exchange ltc? After all, it is quite difficult to find intermediaries who are guaranteed to safely make both direct and reverse exchange of litecoins to fiat currency. Fortunately, there is more than one solution.
Possible exchange methods
Litecoin exchanger online. A large number of services promise to exchange quickly and accurately, but only a few of them really do it. Alas, unscrupulous individuals use the fact that the activities of such exchangers are practically unregulated, so you can use them only at your own risk. Reading reviews, however, will give you some idea of how reliable a service is.
Multifunctional platforms. Usually, these are services that support their own cryptocurrency wallets and allow to make various operations with cryptocurrency. Their main advantage is that the best of them, such as EXBASE.IO, go through the licensing procedure and get the opportunity to officially work with fiat currency. That means to exchange litecoins for well-known hryvnias and rubles. But to use most of the functions of such platforms, you must go through the registration procedure. This is not a big deal, but exchanging litecoin online will be even easier and faster.
Peer - To - Peer Networks. Exchange is making without intermediaries so it is not necessary to pay the commission. However, such networks do not always offer the current rate, and they work quite slowly. Plus, again, there are a number of fraud sites. Only reading reviews can help in this situation. And also - the use of smart protocols and additional ways to secure transactions - the "timestamp", for example.
Cryptocurrency exchanges. Extremely functional, but all this variety of functions only hampers the regular user. In addition, most reputable and reliable exchanges are reluctant to work with regional fiat currency, and usually, most of their functions are unavailable without registration. And if they are available, then only after going through complicated KYC / AML procedures.
The advantages of our service
In addition to the fact that we provide the opportunity to exchange a litecoin to a card quickly, reliably and at a favourable rate, we also offer our customers additional opportunities. But for this, it is necessary to go through the registration procedure. However, this will allow you to make operations almost instantly, without the requirement to enter the wallet number and other data every time. In addition, our users get the opportunity to use a secure crypto wallet to store their digital currency. And although it is considered as “hot” - its reliability is high, since requests to it are made only with the permission of the user, and not constantly, as, for example, in most cryptocurrency exchanges.
If you decide that the promising Litecoin cryptocurrency will become the guarantor of your future financial stability - contact us. We will help make your decision a reality. Moreover, our site provides users with the opportunity to speculate at some point on fluctuations in the rates of various cryptocurrencies, which can become an additional source of income.
(!) Any investment in cryptocurrency, including the purchase of LTC using Exbase cryptocurrency wallet, is associated with high market risks of asset price fluctuations. Exbase provides its customers with easy and multifunctional tools for cryptocurrency operations and makes every effort to properly inform our customers about cryptocurrencies and investments in them, but Exbase does not bear any responsibility for the investment results that may result from the actions of our clients! This page and any information on it does not imply any recommendations on the acquisition of any cryptocurrency or the performance of any other investment decisions based on it.