How to deposit and withdraw Litecoin

Waves allow you to hold and transfer Litecoin on its blockchain. This works through a so-called Multigateway approach: Litecoin is sent to a user's personal deposit address available in the Lite Client and after the deposit, the user receives an Litecoin token (wLTC) on the Waves blockchain. Every single Litecoins is backed 1:1 with a real Litecoin.

How to deposit Litecoin

In the Wallet tab of the Lite Client, click on DEPOSIT in the Litecoin box. The following pop-up will appear:



How to deposit through Litecoin transfer

The process is straight-forward - simply copy paste the shown Litecoin address and send a payment to it. Please note that the minimum deposit is 0.001 Litecoin. 

The deposited amount of Litecoin will be sent to your Waves account in form of Litecoin token (wLTC). 


Processing can take up to 120 minutes.

How to withdraw Litecoin

In the Wallet tab of the Lite Client, click on WITHDRAW in the Litecoin box. The following pop-up will appear.

Simply enter the Litecoin address you want to withdraw to as well as the amount of Litecoin. Please note that the gateway charges 0.01 Litecoin for the network fee as well as 0.001 WAVES. After you have completed the form, click on WITHDRAW and you'll receive Litecoin within few hours at maximum.



Before creating an order or withdrawal request, please make sure that you have enough Waves.

 

The commission for creating one buy or sell order on the DEX platform is 0.003 Waves.

Transferring of any tokens from your wallet will cost you 0.001 Waves.


If you have enough assets (BTC/ETH/LTC/ZEC/USD/EUR and so on) and if this assets has sufficient value, just exchange them for Waves without having an initial Waves using the internal DEX exchange.


Read more - How to trade tokens on the DEX


Warning. When you exchange Assets for Waves to get the initial tokens. Please take into account the amount of exchange, since order fee is 0.003 Waves, this amount will be debited from the received Waves after order execution.