Litecoin Payment Guide
Fast and affordable cryptocurrency payments with Litecoin (LTC)
What is Litecoin?
Litecoin (LTC) is a peer-to-peer cryptocurrency created as a faster, cheaper alternative to Bitcoin. It's often called "digital silver" to Bitcoin's "digital gold."
Why Use Litecoin on Nexus Market?
⚡ Fast Confirmations
Litecoin blocks are generated every 2.5 minutes (vs 10 min for Bitcoin), meaning faster deposit confirmations on Nexus Market.
💰 Lower Fees
Transaction fees are typically $0.01-0.05 USD, compared to $1-10+ for Bitcoin during congestion.
🏪 Wide Availability
LTC is available on most exchanges and instant swap services, making it easy to acquire.
⚠️ Privacy Note
Like Bitcoin, Litecoin has a public blockchain. For maximum privacy, consider using Monero instead, or apply the same privacy techniques (CoinJoin, intermediate wallets) described in our Bitcoin guide.
How to Get Litecoin
Purchase Options
✅ Centralized Exchanges (KYC)
Major exchanges supporting LTC:
- Coinbase: Credit card, bank transfer (USA, EU)
- Kraken: Bank wire, credit card, extensive currency support
- Binance: Large volume, low fees
- Gemini: Regulated US exchange
🔄 Instant Swap Services (No KYC)
Convert other crypto to LTC without registration:
- ChangeNow: BTC/ETH/USDT → LTC swaps
- FixedFloat: Fixed-rate conversions
- SimpleSwap: No limits, anonymous
🏧 Bitcoin ATMs (Some Support LTC)
Some Bitcoin ATMs also dispense Litecoin. Use CoinATMRadar to find machines near you that support LTC. Insert cash, receive LTC to your wallet.
Setting Up a Litecoin Wallet
🚨 Use Your Own Wallet
Never send LTC directly from an exchange to Nexus Market. Always use an intermediate wallet you control to break the connection.
Recommended Wallets
✅ Litecoin Core (Full Node)
Official wallet from litecoin.org. Downloads full blockchain (~70GB).
⚡ Electrum-LTC (Lightweight)
SPV wallet, doesn't download full blockchain. Fast setup.
📱 Exodus (Multi-Currency)
Desktop & mobile wallet supporting LTC, BTC, ETH, and 100+ coins.
Electrum-LTC Setup (Recommended)
-
1
Download from:
electrum-ltc.org - 2 Verify download: Check GPG signature (recommended)
- 3 Install and launch Electrum-LTC
- 4 Create new wallet: Choose "Standard wallet" → "Create new seed"
- 5 Backup seed phrase: Write down 12 words and store offline securely
Depositing Litecoin to Nexus Market
Deposit Process
- 1 Log into Nexus Market and complete 2FA
- 2 Navigate to Wallet → Litecoin
- 3 Copy deposit address (starts with "L" or "M")
- 4 Open your Litecoin wallet (Electrum-LTC or other)
- 5 Send LTC: Paste address → Enter amount → Click Send
- 6 Wait for confirmations: Usually 3-6 confirmations (~7-15 minutes)
⚡ Fast Confirmation Times
Litecoin's 2.5-minute block time means your deposit will be credited 4x faster than Bitcoin. Most exchanges require 3-6 confirmations for Litecoin deposits.
Litecoin Security Best Practices
✅ Use Intermediate Wallet
Never send LTC directly from KYC exchanges to Nexus. Route through Electrum-LTC or personal wallet first.
💾 Backup Seed Phrase
Write down your 12-word recovery seed and store it offline. Without it, you lose access to your LTC permanently.
🔍 Verify Addresses
Always check the first and last 6 characters of addresses before sending. Malware can swap clipboard addresses.
⚠️ Withdraw Excess Funds
Don't keep large balances on Nexus Market. Only deposit what you need and withdraw the rest to your personal wallet.
Start Using Litecoin
Litecoin offers fast, affordable transactions for Nexus Market purchases.