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Convert
Peruvian Sol (PEN) to Litecoin (LTC) Instantly

PEN PEN
LTC LTC
Buy Litecoin (LTC)

Purchase Litecoin (LTC) with Peruvian Sol (PEN) easily at Switchere and benefit from fast, secure transactions.

About
Litecoin (LTC)

Litecoin (LTC) stands as one of the earliest and most established cryptocurrencies, often referred to as the 'silver to Bitcoin's gold.' Launched in 2011 as a fork of the Bitcoin Core client, its primary purpose was to create a faster and lighter version of Bitcoin, suitable for everyday transactions. This digital asset operates on a decentralized network utilizing a Proof-of-Work (PoW) consensus mechanism, but distinguishes itself with the Scrypt hashing algorithm. This choice was initially aimed at allowing CPU and GPU miners to participate more effectively, though specialized Scrypt ASICs have since become dominant for mining this cryptographic security-focused coin.

Key distinguishing features of Litecoin include its faster block generation time, approximately 2.5 minutes compared to Bitcoin's 10 minutes, leading to quicker transaction confirmations. The LTC token serves as the native currency for paying transaction fees on its blockchain technology and is widely accepted as a medium of exchange and a store of value. Litecoin has historically been a pioneer in adopting new technologies, such as Segregated Witness (SegWit) which improves transaction throughput, and more recently, the MimbleWimble Extension Blocks (MWEB) upgrade, offering users opt-in privacy and enhanced fungibility for on-chain transactions. Its longevity and consistent development have solidified Litecoin's position as a significant and reliable peer-to-peer digital currency within the broader Web3 infrastructure and digital ledger ecosystem.

Litecoin (LTC)

How to Buy Litecoin (LTC)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose PEN to LTC Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Litecoin Wallet Address

    Provide your LTC wallet address and proceed with the payment.

  3. 03

    Receive Your Litecoin

    Complete the payment, and your LTC will be sent to your wallet.

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BNT
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BLUR
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BONE
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CTSI
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CELR
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CELO
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CEL
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LINK
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CHZ
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CHR
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C98
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COMP
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CFX
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PEOPLE
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CVX
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ATOM
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CTC
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CRV
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DAI
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DASH
PEN
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MANA
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DENT
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DGB
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DYDX
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XEC
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EOS
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ETC
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ENS
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ETHW
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FET
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FIL
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FLOKI
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GALA
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GNO
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ONE
PEN
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HBAR
PEN
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HOT
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HOOK
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ICX
PEN
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ILV
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IMX
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INJ
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ICP
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IOST
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IOTX
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JASMY
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JST
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KAVA
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KCS
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KSM
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KNC
PEN
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LDO
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LQTY
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LPT
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LOOKS
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LRC
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LUNA
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MKR
PEN
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MASK
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EGLD
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ALICE
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NEAR
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XEM
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NEXO
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NOT
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NMR
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OKB
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OMG
PEN
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ONT
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EDU
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OP
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OGN
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CAKE
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PAXG
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DOT
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MATIC
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QTUM
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QNT
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RDNT
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XRD
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RVN
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REN
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RSR
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RLC
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RPL
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SFP
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SHIB
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SKL
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SXP
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STND
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STG
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XLM
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GMTBSC
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STORJ
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STMX
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SUSHI
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SNX
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USDTPOL
PEN
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USDTAVAC
PEN
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USDTBEP20
PEN
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USDT20
PEN
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USDTSOL
PEN
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USDTNEAR
PEN
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USDTXTZ
PEN
to
USDTTRC20
PEN
to
USDTTON
PEN
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XTZ
PEN
to
GRT
PEN
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SAND
PEN
to
TFUEL
PEN
to
THETA
PEN
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RUNE
PEN
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TONCOIN
PEN
to
TUSDBSC
PEN
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TUSDTRX
PEN
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TWT
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UOS
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UMA
PEN
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UNI
PEN
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USDCPOL
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USDCSOL
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USDCOP
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USDCBSC
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USDCAVAC
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USDCARB
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USDC
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VET
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VRA
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WAXP
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WOO
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WLD
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WBTC
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WMINIMA
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XDC
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YFI
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YGG
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ZIL

Frequently asked questions

  • What is the most common way to buy Litecoin (LTC) with Peruvian Sol (PEN)?

    The most common method is using a cryptocurrency exchange that serves as a fiat on-ramp for Peruvian Sol. Users typically complete a KYC/AML verification, then deposit PEN via local bank transfers from institutions like BCP or Interbank. Once the PEN is credited to their exchange account, they can place an order on the PEN/LTC order book to purchase the digital asset.

  • What are the technical advantages of Litecoin's Scrypt proof-of-work algorithm for transactions?

    Litecoin's Scrypt proof-of-work algorithm is less computationally intensive than Bitcoin's SHA-256. This design choice contributes to Litecoin's faster block generation time of approximately 2.5 minutes, resulting in quicker blockchain transaction confirmations. This makes LTC well-suited for smaller, more frequent digital asset payments, earning it the nickname 'digital silver' to Bitcoin's 'digital gold'.

  • After buying LTC with PEN, what is the best practice for storing my Litecoin securely?

    For secure trading and long-term holding, it is highly recommended to withdraw your LTC from the exchange to a non-custodial digital wallet. This can be a hardware wallet for maximum security or a reputable software wallet. By doing so, you take control of your private keys, which means only you can authorize transactions, significantly reducing the risk of loss from exchange-related issues.

  • What is the role of Mimblewimble Extension Blocks (MWEB) in the Litecoin network?

    Mimblewimble Extension Blocks (MWEB) is a major upgrade to the Litecoin protocol that introduces optional confidentiality. When you use MWEB for a blockchain transaction, the amount being sent and the addresses involved are obscured on the public ledger. This feature enhances financial privacy and fungibility for LTC users, making it a more versatile digital asset for those who prioritize confidentiality.

  • Why is the PEN/LTC trading pair significant for the Peruvian crypto market?

    The PEN/LTC pair provides a direct fiat gateway for Peruvians to enter the cryptocurrency ecosystem using their local currency. Litecoin, being one of the oldest and most liquid digital assets, serves as a reliable and accessible entry point. This pairing increases liquidity for PEN in the crypto space and allows users to gain exposure to a foundational proof-of-work blockchain without first needing to convert PEN to another major fiat currency.
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