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How do I sell Litecoin?

At BTC Direct you can buy and sell Litecoin. Want to sell Litecoin because you think the price will drop? With this step-by-step guide you'll be done in no time.

Step overview

  • Step 1: Create an account at BTC Direct
  • Step 2: Place a Litecoin sell order
  • Step 3: Receive the euros in your bank account

Step 1: Create an account at BTC Direct

It may go without saying, but to sell litecoin you need an account at BTC Direct. Already have one? Feel free to skip this paragraph. No account yet? Create one by clicking the "register" button in the top right of this page. Creating an account at BTC Direct is quick. Once registered you can start selling litecoins right away.

When creating an account we ask for your details, an ID document and a selfie.

For an account on our platform you must be able to verify your identity. Why do we ask this? Even though there is no specific legislation for cryptocurrency companies yet, we think it's important to do our part in preventing fraud and money laundering. For your safety and ours, we ask you to verify your identity before you can start buying and selling.

Buy or sell Litecoin?

This is how you create an account at BTC Direct

Step 2: Place a sell order

  • On our homepage select "litecoins" in the calculator. Enter the amount of litecoins you want to sell. Click "sell". You now see an overview of your order.
  • Below the overview, enter your details and check the order.
  • Your sell order is now created and you see a litecoin address where you can send the litecoins to. Always copy this address, never type it manually.
  • On the right side of the screen you see the remaining time you have to send the litecoins and the amount of litecoins we have already received.
  • Open your wallet, choose the send option and paste the copied litecoin address in the field. Then enter the amount of litecoins you want to send.
  • Check everything once more and send the litecoins to our litecoin address.
  • Your litecoins have now been sent to BTC Direct. To determine the final sell price, the moment the transaction is visible on the blockchain is decisive.

Step 3: Receive the euros in your bank account

By running multiple payment rounds per day, we make sure the money lands in your account as fast as possible. Count on the money being in your account within two working days max. Often it's even faster.

Summary

Selling Litecoins is fairly simple. The process consists of four simple main steps:

  • Create an account at BTC Direct
  • Place a sell order
  • Send your litecoins to our address
  • Wait for the money to arrive in your bank account

Stuck somewhere? No problem. Get in touch with us, we're happy to help.

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