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What is Litecoin, and which network does it run on?
Litecoin is one of the older cryptocurrencies and runs on its own network, separate from Ethereum or
TRON. Transfer fees are paid in
LTC itself, so you don't need a second token in the wallet just to send it.
That keeps exchanges simple: one coin in the wallet, and LTC directions on OnExchanger lead both to hryvnias and to other crypto. The blocks above group them into hryvnia (banks, cards, cash), other money and cryptocurrencies.
How do you tell a Litecoin address from a Bitcoin one?
A Litecoin address starts with «L», «M» or «ltc1»; a Bitcoin address starts with «1», «3» or «bc1». The patterns feel alike, but the prefixes differ, and they are what tells you the address belongs to the right network.
The table sets Litecoin against Bitcoin and
USDT TRC20, a common swap target. The last column is a hint about what you'll need in the wallet after the exchange.
| Asset | Network | Address starts with | Fee paid in |
|---|---|---|---|
| Litecoin ( | Litecoin's own network | «L», «M» or «ltc1» | |
| «1», «3» or «bc1» | |||
| «T» |
If an exchanger asks where to send your LTC and you're about to paste something starting with «bc1» or «T», stop. A prefix check takes a second and catches the crudest mistakes.
The prefix is the first check, not the last. Even when an address starts with «ltc1», compare it with the order all the way through.
What can you exchange Litecoin for?
Litecoin sells to hryvnia cards of Ukrainian banks and swaps into other crypto: Bitcoin,
Ethereum, and
USDT on TRC20 or ERC20. Every live direction is in the «Sell Litecoin» and «Buy Litecoin» blocks above.
These are the pages people open most:
- Litecoin to
Privat24 and
LTC to
Monobank — payout to a specific bank's card;
LTC to a UAH card — hryvnia cards of Ukrainian banks, when yours has no direction of its own;
- Litecoin to
Bitcoin — to move into another coin without cashing out;
LTC to
USDT TRC20 — to hold a stablecoin that tracks the US dollar.
If you go for USDT, remember it is a separate token on each network. After receiving
USDT TRC20 you'll need a little
TRX or
TRON energy to move it again;
USDT ERC20 needs
ETH for gas. Our guide on choosing between
USDT TRC20, ERC20 and BEP20 explains the differences.
How do you sell Litecoin to a Ukrainian bank card?
Choose a «Litecoin → your bank» direction, create an order on the exchanger's site, send LTC to the address in the order and wait for network confirmations. The exchanger then transfers hryvnias to the card you entered.
In steps:
- Open the direction page for your bank and enter the amount in
LTC.
- Compare how many hryvnias each exchanger pays.
- Go to the exchanger and fill in the order: amount, card number, contact details.
- Send Litecoin to the address the order shows, on the Litecoin network.
- After the required confirmations, the exchanger sends the payout.
Buying LTC is the reverse: you pay by card or bank transfer and the coins go to the address you entered. Make sure it starts with «L», «M» or «ltc1» before you pay.
How do you choose a Litecoin exchanger on OnExchanger?
Look at what you'll receive and at the exchanger's terms. Each direction page shows the rate, amount to receive, limits and reserve per offer; the detailed rules live on the exchanger's own site.
Before creating an order, check that:
- your amount sits within the minimum and maximum limits;
- the exchanger's reserve covers the payout;
- you know whether the rate is fixed or floating, which is the exchanger's term;
- you're ready for any AML/KYC or card check, and the cardholder name matches if required.
OnExchanger.com is an exchanger monitor: it compares offers pulled automatically from public XML rate files, shows only recently updated ones and sends you to the service you pick. We hold no funds and run no exchanges, so the order and payout are the exchanger's responsibility. OnExchanger may earn a partner commission on a click-through; you pay the exchanger's rate and we add nothing to it. Comparing LTC with other coins? See the
Bitcoin (
BTC) page too.
FAQ
With «L», «M» or «ltc1». An address starting any other way, such as «bc1», belongs to a different network.