Understanding how to Swap LTC in Klever Wallet

One of the earliest cryptocurrencies built on Bitcoin code, Litecoin (LTC) is now available on Klever Swap

LTC available on Klever Swap now!

With thousands of cryptocurrencies now in the market for users to trade with, Klever has taken a lead in listing tokens that have the full faith of their community and making it available for its users.

One such cryptocurrency is Litecoin (LTC) which is now available to Klever users. 

Litecoin is one of the oldest cryptocurrencies that was launched in 2011 by Charlie Lee. It is forked from Bitcoin and is one of the altcoins that are still traded today.

There were many cryptocurrencies launched after the launch of Bitcoin, but very few were popular as an alternative among users. Litecoin is one such coin.

What is Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.

Litecoin is an open-source, global payment network that is fully decentralized without any central authorities. 

It empowers individuals to control their own finances. 

With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce as well as an alternative to Bitcoin, as per Litecoin.org.

Ever since its launch, Litecoin has been operating with 100% uptime in 2011 securing and transacting billions of dollars of value. 

Litecoin is a low cost private, secure, borderless payment to anyone, anytime, anywhere.

Litecoin quick Overview 

According to CoinMarketCap, today Litecoin (LTC):

Trading price$105 per LTC
Features inTop 25 crypto projects 
Trading volume (24 hours) Over $758 million
Market cap Over $7.38 billion
Maximum supply84 million LTC
Circulating supply70.21 million LTC
All time high$386.45 per LTC (5 September 2021) 
All time low$1.15 per LTC (14 January 2015)

Today, even after 12 years, LTC is one of the most successful tokens with over 4.76 million holders.

What is the Klever Swap?

Klever Swap is one of the major functions of the Klever Blockchain Ecosystem. 

It allows users to exchange coins or tokens from one blockchain to another with 100% privacy and unrivaled speed.

The swap enables users to perform several transactions of swapping their tokens within the Klever wallet seamlessly, saving them the possible risk of losing their tokens in the process of moving the tokens across several exchanges at a minimal transaction fee.

Klever Wallet opens a new window to financial freedom for all swap users as hundreds of tokens can be swapped using the swap service.

How to find LTC Swap pairs inside Klever Wallet

Set up the Wallet 

To find LTC swap pairs in Klever Wallet, users need to log in to the wallet. If the user doesn’t have one, follow the steps below:

Step 1: Download and install the Klever Wallet app by clicking here

Step 2: Open the app and carefully read the Privacy Policy. Once done, you have to agree on the terms, then tap on the Continue button. 

Step 3: Tap on Create Wallet button to create a new wallet with a new 12-words SEED. Then, create a PIN code of your choice. Make sure to remember your PIN code as you have to provide the PIN code every time you open the app or make a transfer. 

Step 4: After creating a PIN code, you will be re-directed to a screen that displays the 12-words SEED of your wallet. It is so important to carefully write those 12-words on a piece of paper and store it somewhere safe. You need those 12-words to restore your wallet in case of a problem or when you get a new device. Once you write down your 12-words SEED, tap on the I’ve Written It Down button. After, input the 12-words for confirmation and tap on Verify button.

Warning!

In case you do not write down your 12-words SEED, Klever is not responsible if you lose access to your funds. In case of a problem, you cannot restore your Accounts if you do not have the 12-words SEED (or the Private Keys). For security reasons, Klever does not keep a copy of your 12-words SEED and Private Keys.

Warning!

NEVER SHARE your 12-words SEED with anyone even with a Klever Support agent. Also, do not enter your 12-words SEED on any website or fake app. The 12-words SEED is used only inside the official Klever Wallet app to restore your Accounts.

Step 5: After writing down your 12-words SEED you have to confirm that You Understand That If You Share Your 12-Words SEED You Are Putting Your Account At RISK and that Klever Team Will Never Ask You To Provide Your 12-Words SEED.

Step 6: At the end, you can input a referral code, and you can enable the Biometrics option. After a successful set up you will see your Portfolio screen.  Now, you have a Klever Wallet with all major blockchains in one app.

Swap LTC in the Klever Wallet 

To swap between two tokens inside Klever Wallet: 

1. Click on the Swap tab (which resembles a dollar sign) from the bar at the bottom.

2. From the tokens list, select the token you want to swap. Then, the token you want to get.

In this case, the example below shows a Swap from USDT to KLV but the same can be done with LTC. 

3. Enter the desired amount to swap (YOU PAY). Note, there is a Minimum value to swap. Once done, click on the Next button.

4. Select the Account you want to receive the tokens on. You can select from your Accounts or Contacts by clicking on the Book icon. Alternatively, you can paste an address from the Clipboard or scan a QR code.

5. Choose if you want to Pay Fee with KLV by enabling the related button. Paying fees with KLV gives you a 25% reduction on swap fees. Once done, click on the Convert Now button.

6. After, you will be redirected to a screen that confirms that your order is placed. You can click on the “Got it!” button and relax. You will receive your tokens after a while.

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Disclaimer: This article is for informational purposes only. The information does not constitute an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Klever.Finance does not provide financial, tax, legal, or accounting advice. There is no responsibility on the part of the company or the author for any loss or damage arising from or related to the use of or reliance on any content, goods or services mentioned in this article.

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