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.
Read more about What is a payment gateway and how does it work?
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:
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.
Customer support service by UserEcho