How to deposit Litecoin (LTC) to FXOpen's account (eWallet)? Table of Contents

How to transfer Litecoin (LTC) to FXOpen’s account?

To fund your account using Litecoin:

Select Deposit → Litecoin in the My FXOpen Personal Account.

Where
Select the account you want to fund.
Currency
For eWallet, select a currency pocket.

Click Next.

Up-to-date information on commissions is indicated on the ” Commissions ” page.

Log into your Litecoin wallet (desktop, mobile or internet wallet). Send payment to the Litecoin address generated in your My FXOpen Personal Account, or scan the QR code using your mobile device camera.

Funds will be credited to your FXOpen account once the transaction has received sufficient confirmation on the Litecoin network.

Deposit Litecoin to FXOpen’s account

In case of trouble with Litecoin transfer

If you have deposited with Litecoin but the funds have not been credited to your FXOpen account, please use the payment notification form.

Select Deposit → Litecoin in your My FXOpen Account and click the payment notification link.

Fill out the notification form and click the Notify button.

Make sure you entered the correct transaction number in the “Payment Number” field and not your Litecoin address. To do this, open your Litecoin wallet and find the payment sent to the FXOpen address in the list of transactions.

Click the eWallet number on the left side of the My FXOpen Personal Account.

The status of the operation is shown on the “History” tab.

Open FXOpen’s Account

How to open FXOpen’s Forex account? Which account type is the best?

What is Litecoin?

Litecoin is an electronic peer-to-peer cryptocurrency created in 2011. The confirmation of transactions in the Litecoin system is faster than in the Bitcoin system because this requires fewer computational cycles.
The main reason for the development of Litecoin was the desire to make mining more affordable by reducing investment in specialized equipment. This problem has not been fully resolved because, at the moment, mining coins using a regular PC is not possible. The process of adding new blocks of transactions to the blockchain requires a lot of computing resources and a significant amount of electrical energy.

Like Bitcoin, Litecoin is a decentralized digital cryptocurrency that allows you to securely make anonymous payments with a transaction confirmation time of around 2.5 minutes.

Litecoin price is determined by supply and demand factors. The supply volume is 84 million coins compared to 21 million BTC.

Benefits of using Litecoin:

  • Transactions are confirmed faster than on the Bitcoin network: an average of 2.5 minutes.
  • The low price makes the currency available to a wide range of users.
  • The number of coins is limited to 84 million coins (4 times the supply of BTC).
  • The relatively low cost of mining new coins is attractive to miners.

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