Sell Litecoin to SATOS
Are you experiencing difficulties? No worries, we are here to help! You can also pose all your questions to our support team, which is available through the live chat at the bottom of the page.
How to sell LTC - Litecoin to Euro in 3 simple steps
Step 1: Place an order to sell Litecoin
You do not need a SATOS account to sell Litecoin or other cryptocurrencies. First, you enter how much Litecoin you want to sell or how much EUR you like to receive. Once you have filled either one of these two options, the other will automatically be calculated. Do you agree with the proposed exchange rate? Then click on ‘Place order’.
Step 2: Confirm your order
We now require your details to process the transaction. Aside from providing your details, you can also consult this screen to see the agreed-upon exchange rate and the value of your Litecoin transaction. The only data we require of you are your email address, bank account and name of the primary holder of the account. Once you have filled in this information, the process is nearly complete. Click on ‘Confirm order’.
Step 3: Send your Litecoin to SATOS
The next step is to send your litecoin to a SATOS wallet address. After filling in your details and clicking on send, you will be shown an address to which you must send us your litecoin to. It is vital that you select an appropriate transaction fee. This ensures that we will receive your litecoin before your order expires. Most litecoin wallets automatically display a recommended and average transaction fee. Once you have uploaded your transaction to the network, you will need to wait for the confirmation of the blockchain. Wondering how long this takes? We will explain this process a bit further down the page. For now, let us go to the final step!
Step 4 – Verification and payment
Alas, even SATOS is obligated to follow up on verification procedures as after your transaction is confirmed on the blockchain, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which we will process your order as soon as possible.
Up-to-date with our verifications? Then we will do our best to pay your order out as fast as we can!
At what LTC price rate should I sell Litecoin?
The crypto market is always open, and as a result, the Litecoin exchange rate keeps fluctuating. The coin has already endured some aggressive rate fluctuations. It is not unusual for Litecoin to gain or lose a couple of percentage points during a single day. So how do you determine the right moment to sell or buy Litecoin in this type of market? No one knows the answer to that question. That's why you should always do some research yourself before you decide to buy or sell. Do you want to know more about Litecoin pricing and the dynamics behind it? We set up a special Litecoin price chart page where you can learn more about Litecoin and its pricing.
How long does it take before I receive euros on my bank account?
We understand that this is an important consideration when selling cryptocurrency. We have listed the factors determining the processing time below:
- SATOS processing time
- Processing time of the Litecoin network
- Bank processing time
SATOS processing time
On average, SATOS processes transactions within 15 minutes. Keep in mind that if this is your first transaction on our platform, that you may need to complete a couple of one-time verification steps. Also, be aware that the selling price of your transaction is fixed from the moment we receive your Litecoin. You will not have to worry about possible rate fluctuations during the sales process after we have received your Litecoin. This way, you will know exactly what to expect.
Processing time of the Litecoin network
Aside from the time it takes for us to process your transaction, the processing time of the Litecoin network is also a factor to take into account. If the system is currently facing a lot of traffic, it might take a bit longer before miners successfully add your transaction to the blockchain. However, this is rarely a concern for the Litecoin blockchain; it practically never causes a delay. The speed with which your transaction is processed depends on the transaction fee you pay. Why is this? Every block on the blockchain is limited in size. Therefore, miners need to choose which transactions they will work on in the next block. As miners seek to maximise their profits, they will first process the transactions with the highest fees. The higher the fee, the faster your transaction will be processed.
Bank processing time
Unfortunately, we are also dependent on the processing time of banks. Banks generally process transactions slower than the Litecoin blockchain. Banks are also often closed in the weekends. Did you complete your payment after 3 PM? Then you will probably only receive the amount on your bank account the next day, as banks generally do not process transactions past 3 PM.
Why do customers opt for SATOS?
- Speed: SATOS processes transactions instantly and days per week.
- Reliability: SATOS has been the Netherlands’ primary broker for selling and buying cryptocurrencies for more than five years now.
- Support: the SATOS team stands ready to assist you, seven days a week. We offer live support through chat and phone.
- Security: in line with the original vision of Satoshi (hence the name ‘SATOS’), we do not manage the assets of our clients.
- Straightforward: we offer convenient payment methods, such as iDEAL, Bancontact and SEPA.
We appreciate our customers’ feedbacks! Here’s what some of our customers say about our work Trustpilot.
Can I also buy Litecoin at SATOS?
Yes, you can! SATOS both sells and buys Litecoin. It is our mission to make cryptocurrencies more accessible for everyone by allowing the exchange of cryptocurrencies for euros and vice versa. Wondering what other cryptocurrency you can sell at SATOS? Take a look at these pages: