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What is a Litecoin coin?

  • Litecoin is a decentralized digital currency and payment network. It is supported by an open-source blockchain protocol. Litecoin was launched in October 2011 as an alternative solution to Bitcoin. By implementing some technical modifications to the Bitcoin source code, Litecoin allowed for faster transaction speeds and even lower processing fees.

What is an LTC Loan?

  • A Litecoin loan is the loan borrowed against Litecoin cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Litecoin to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit LTC lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Litecoin Loans

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FAQ

What is Litecoin used for?IconPlus
Litecoin is an open source digital currency. It is used for payments transactions instead of the bank and the other third-party methods. LTC coin is designed for cheaper transactions and suits for daily uses.
Why should you consider an LTC loan?IconPlus
coin_642- The Litecoin blockchain is the largest global scrypt based network;
- Litecoin is one of the biggest cryptocurrencies by market cap.
How does Litecoin loan work?IconPlus
Litecoin lending is a service that issues loans with Litecoin cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Litecoin loan.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant LTC loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Litecoin transaction.The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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