Litecoin (LTC) is a digital currency designed for faster and cheaper everyday transactions. It launched in 2011, as one of the first alternatives (altcoins) to Bitcoin. Binance and the FlipEx app are both cryptocurrency exchanges i.e., online platforms where you can trade various digital currencies.
So, if you have some Litecoin on Binance and are looking for a safe and secure platform to convert that Litecoin to Naira, this guide will walk you through the simple process of selling your Litecoin from Binance on the FlipEx App in a few easy steps
Let’s dive into it.
What You Need To Sell Litecoin From Binance On The Flipex
The prerequisites needed to help you sell Litecoin from Binance on the Flipex App in seconds are basically:
- A Binance account with Litecoin (LTC) balance: Make sure you have LTC available in your Binance wallet before you proceed.
- A FlipEx account: If you don't have one yet, creating an account with FlipEx is quick and easy. Visit the FlipEx website or download the mobile app to get started.
How Do You Sell Litecoin on The FlipEx App Using Binance?
When looking to sell your Litecoin (LTC) from Binance on the FlipEx app, you will need to follow the following process:
Access The FlipEx App
First, note that you can use FlipEx App on the go with the mobile app, and it is available for download on the Google Play Store or the Apple App Store. Alternatively, you can head over to the FlipEx website to access the web app, Sign up if you are new or login if you already have an account with FlipEx.
Copy Your FlipEx Litecoin Wallet address.
Now, login to your FlipEx account and click on the “Sell Crypto” option. Select the LTC (Litecoin Wallet) option and click on “Receive”. Copy the Litecoin wallet address provided. Then head over to your Binance app and log in.
Log in to Your Binance to Transfer LTC (Litecoin) to FlipEx LTC Wallet
Once logged in, locate the tab labelled as "Wallet" from the Wallet options, select "Spot" depending on the Binance interface. Find the Litecoin section. This will display your current LTC assets.
Initiate Litecoin Withdrawal from Binance to FlipEx
Choose the "Withdraw" option and input the necessary details including the Litecoin wallet address you copied from your FlipEx Litecoin wallet. In the withdrawal form, enter the amount of Litecoin (LTC) you want to transfer to your FlipEx LTC (Litecoin Wallet). Provide the Litecoin withdrawal address associated with your FlipEx app account.
Confirm the Transaction
Once you have entered the amount and double-checked the withdrawal address, review the transaction details carefully.
Binance might require additional verification steps like two-factor authentication (2FA) before allowing the withdrawal. Follow the on-screen prompts to confirm the transaction.
Now Convert Your Litecoin to Naira on FlipEx
After a successful transfer of your Litecoin holdings from Binance to FlipEx, then comes the sweet part, that is converting your Litecoin to Naira. To do this, just follow the simple process below:
- Login to your FlipEx App.
- Click the “Sell Crypto” option and select “LTC (Litecoin Wallet).”
- Enter the amount you wish to convert to Naira and the necessary details.
- Click on sell, and your wallet will be credited instantly upon transaction approval.
It is that easy and straightforward.
FlipEx provides a user-friendly platform to manage your cryptocurrency portfolio. Feel free to explore the features and discover the different options available for your crypto needs.
Wrapping it Up
Converting your Litecoin from Binance to cash is a seamless process with FlipEx. FlipEx offers a speedy, secure, and convenient experience with clear transaction details and competitive fees. It's the perfect solution for selling your Litecoin for Naira, whether you are a crypto veteran or new to the game. Get in touch with us today and experience peace of mind when trading your Litecoin and other cryptocurrencies to Naira; and if you encounter any hassles, our 24/7 support team is always available to assist you.