LTC to BTC Conversion: Essential Tips and Insights

Litecoin is a lighter, faster, and more affordable alternative to Bitcoin. It’s a currency designed for speedier, everyday transactions. However, experienced investors know that BTC is the true crypto gold. If you are pursuing a currency that broke all records in value per coin multiple times during 2024, we explain how to convert LTC to BTC. Here’s what to know before you swap Litecoin and the steps to do the trade effortlessly!

Reasons to Convert LTC to BTC

• Market dominance. Bitcoin is the crypto leader in multiple categories. Its worth is close to $100K, and it’s a matter of days when it will exceed it. The market cap is also close to two trillion, and the estimations are that over $67 billion is BTC’s trading volume in 24 hours.
• Store of value. The actual worth per coin is enough of an indicator. It’s worth noting that BTC broke its all-time high in 2024 and kept setting new records on multiple occasions. It is undoubtedly the most valued crypto nowadays.
• Trading opportunities. Bitcoin has a limited supply of 21 million coins, and about 19.7 million BTC are in circulation. That adds to the coin’s scarcity, increasing the demand and making the asset more attractive. Additionally, Bitcoin ETFs have started attracting institutional investors to this currency.
• Adoption and utility. You can use BTC as the payment method on various platforms. Bitcoin has become a more popular option for both customers and sellers.

Steps to Convert LTC to BTC

Here’s a detailed guide on how you can effortlessly swap Litecoin for Bitcoin!

Step 1: Look for a Reliable Exchange

If you want true anonymity, Godex and other decentralized platforms are the way to go. These are non-custodial, meaning that you always stay the owner of your funds instead of going through the platform as a middleman. Also, you never have to enter a single personal info. The exchange doesn’t require your name, email, or other details for the transaction. Additionally, Godex doesn’t impose any limits on the maximum sum per transaction or how many transfers you can conduct per day.

Step 2: Check Out the Rates

You begin by entering Litecoin into the currency trade field. Bitcoin should then be the chosen currency asset to acquire. Don’t forget to enter the LTC amount you wish to trade. The system will automatically calculate the rate, and the exchange will display how many BTCs to expect in return. 

It’s possible to lock your rate on some exchanges, such as Godex. That ensures any changes until the trade execution doesn’t affect your expected profit. You can play around with other currencies. Godex supports hundreds of digital assets, so check the TRX vs DOGE and other comparisons to see if you can find other currencies for your portfolio.

Step 3: Complete the Trade

If you are happy with the rate, start the trading process. The exchange will require you to enter the address to receive BTC, so you will need a working Bitcoin wallet. Make sure to double-check the address to avoid funds being delivered to someone else. 

Now, the exchange will provide an address where you should send your LTC coins for the trade. Most platforms make copying the address easy, and there’s an option to scan the QR code.

After sending the coins, wait for a few moments. The exchange should confirm the delivery was successful and proceed with the BTC trade. Once it’s completed, you receive a notification and get BTC to the provided wallet.

Pros and Cons of Converting LTC to BTC

Pros

• Accessing Bitcoin’s extensive ecosystem. The impressive support for BTC as a payment method guarantees hundreds of platforms where you can use it.
• Bigger liquidity and trading opportunities. BTC has the highest market cap of all crypto projects. Its value keeps increasing over the years, and it’s an attractive asset in your digital portfolio.
• Simple process with numerous platforms supporting the swap. If a crypto exchange is in business, the odds are it supports Bitcoin.

Cons

• Losing Litecoin’s affordable transaction fees and faster processing times. The estimation is that block generation time is at least four times faster with LTC. Transfers are also somewhat more affordable with BTC.
• Transaction costs associated with the conversion. Each crypto swap will cost you something – that’s how things work on the market.

Convert LTC to BTC: Key Takeaways

Litecoin has certain similarities to Bitcoin, considering that the chain is its fork. Despite that, it never got even close to the BTC’s value and popularity. Nobody knows what might happen with Litecoin in the coming years. On the other hand, one thing is certain. If the crypto market succeeds, Bitcoin will keep leading it. If that’s the scenario you believe in, now is the time to jump on the BTC train and acquire some coins.