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Convert
Singapore Dollar (SGD) to Litecoin (LTC) Instantly

Purchase Litecoin (LTC) with Singapore Dollar (SGD) 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)

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  1. Step 1 illustration
    01

    Choose SGD 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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Frequently asked questions

  • What are the most common methods to buy Litecoin (LTC) with Singapore Dollar (SGD)?

    To buy Litecoin with SGD, the most common fiat on-ramp is through a cryptocurrency exchange regulated by the Monetary Authority of Singapore (MAS). Users typically complete KYC/AML compliance, then deposit SGD via methods like FAST transfer or PayNow. Once the funds are in, you can place an order for LTC on the SGD/LTC order book.
  • What makes Litecoin a good peer-to-peer electronic cash alternative for SGD transactions?

    Litecoin, often called 'digital silver', was forked from Bitcoin with key modifications for speed and efficiency. Its Scrypt algorithm allows for a faster block time of approximately 2.5 minutes, compared to Bitcoin's 10. This results in quicker transaction confirmations and lower network fees, making it highly suitable for smaller, faster digital asset purchases and peer-to-peer payments originating from SGD.
  • Are there privacy features available for my LTC after an SGD transaction?

    Yes, once you withdraw your LTC from an exchange to a compatible digital wallet, you can utilize Litecoin's Mimblewimble Extension Blocks (MWEB) feature. MWEB is an opt-in privacy protocol that enhances transaction confidentiality and fungibility on the Litecoin blockchain. While the initial SGD-to-LTC purchase on a regulated exchange is transparent for compliance, subsequent on-chain transactions can be made private using MWEB.
  • What kind of fees should I expect when trading SGD for LTC on an exchange?

    There are typically three types of fees. First, a deposit fee for your SGD, though many exchanges offer free deposits via FAST or PayNow. Second, a trading fee on the platform, which is usually a small percentage of the transaction value (maker/taker model). Third, a withdrawal fee if you move your LTC to an external digital wallet, which includes the Litecoin blockchain transaction fee, known for being relatively low.
  • How long does a typical SGD to LTC purchase and transfer take?

    The process can be very fast. SGD deposits via PayNow or FAST are often near-instantaneous. The trade execution on a liquid cryptocurrency exchange is also instant. The final step, withdrawing LTC to your own digital wallet, depends on the Litecoin network. A new block is found approximately every 2.5 minutes, and most services consider a transaction secure after a few confirmations, so the entire process can often be completed in under 30 minutes.
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