To successfully complete a Litecoin (LTC) sell order, you need to send your LTC promptly with the correct network fees.
Key considerations:
- Transaction Speed and Fees: LTC fees are generally low but fluctuate with network activity. Proper fees ensure quick processing.
- Time Limit: Your LTC must be received by BTC Direct within 3 hours of creating the sell order. Delays can lead to cancellations.
Calculating Network Fees:
- Default Fee: Litecoin transactions typically require a very low fee (e.g., 0.0001 LTC). During high network activity, a slightly higher fee might be needed for faster confirmation.
- Checking Current Fees: Use a reliable tool like BlockCypher Litecoin Explorer to check current network status and recommended fees for a fast transaction.
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Send from a Wallet Platform: We highly recommend sending LTC from a wallet platform, not an exchange, as wallets offer better fee control and faster processing.
Additional Advice:
- One Transaction Per Order: Send only one transaction per sell order to avoid processing errors, as BTC Direct can only link one transaction to your order.
- Verify Address: Always double-check the recipient address to ensure it's a Litecoin-compatible address.
Confirming Your Transaction:
- Use BlockCypher: After sending your LTC, go to BlockCypher Litecoin Explorer.
- Input Wallet Address: Enter your sending wallet address to see a list of associated transactions.
- Locate and Confirm: Find your transaction. Ensure its status is "Confirmed" to verify receipt. If pending or failed, adjust the fee and resubmit.
What if the Transaction is Delayed?
If your LTC arrives after the 3-hour window, the order may not be processed. BTC Direct will contact you to arrange a manual return of your LTC, which can take at least one month. Timely transactions are crucial to avoid these delays.
Following these steps will help ensure your sell order with BTC Direct is completed without unnecessary delays.
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