Litecoin (LTC) is a peer-to-peer cryptocurrency that was released in October 2011, making it one of the longest-withstanding cryptocurrencies. The years following its launch, LTC became a popular alternative to Bitcoin due to its cheaper fees and faster block times. While some may say that Litecoin is Bitcoin’s near-identical twin, there are a few differentiating factors between the two.
For instance, Litecoin’s block times currently average out at around 2.5 minutes, making it 4x faster than Bitcoin’s at around 10 minutes. Due to this faster block production, transactions have the ability to be included in a block at a faster rate compared to Bitcoin, increasing its transaction throughput.
Another significant change was Litecoin’s use of the Scrypt algorithm for mining rather than Bitcoin’s Sha-256. This gave Litecoin the ability to grow its own mining ecosystem without having to compete with Bitcoin miners, reducing the risk of a 51% attack. Due to Litecoin dominating its mining algorithm, the network security has remained strong, contributing to its strong persistence throughout the past decade.
The Litecoin community has prided itself in becoming a payments-focused cryptocurrency, believing that adoption and having actual use-cases will eventually be the dominating factor in the growth of its ecosystem and consequentially, price. This is why the community is currently focused on the implementation of the MWEB upgrade, which will increase fungibility and data protection for Litecoin users, safeguarding transaction data from public onlookers. This is similar to not letting your friends or family know what your credit card purchase history is.
Top reasons why you should pay with Litecoin
Have you ever wondered why many companies accept Litecoin? Or, have you pondered about why you should use Litecoin vs. other cryptocurrencies for transacting?
Here are some possibilities.
Litecoin’s network contains a rare combination of different advantages—security, low transaction fees, fast block times, and high liquidity, all while maintaining high levels of network decentralization.
- Speed. Due to Litecoin’s faster block times, within a 10 minute span, 4x the amount of transactions could occur on the Litecoin blockchain over Bitcoin’s. This increased availability of block space within a time frame allows for cheaper transaction fees due to there being less competition for transactions being included in a block.
- Low fees and reliability. Apart from very cheap transaction fees, the network has proved to be reliable, going on for nearly 10 years with zero downtime. Litecoin’s dominance of its mining algorithm has helped keep the network secure and maintain this stability.
- Liquidity. Litecoin is also one of the top 3 most liquid cryptocurrencies, providing ease of access. It’s available on nearly every exchange and has an impressive number of fiat on and off ramps. Because of this high liquidity, it’s also one of the most accepted cryptocurrencies worldwide. This widespread global adoption has permitted the growth of its surrounding infrastructure, such as many digital wallet’s and storages to choose from.
Now you know why miners, investors, and users are going crazy about Litecoin’s growth, right? We’ll now what places accept Litecoin.
Companies Accepting Litecoin
The following companies allow you to purchase their products and services with Litecoin, all from distinct industries— web services, physical products, food & beverages, apparel stores, etc.
Travala is a travel website that permits payments through cryptocurrency tokens. Here, you can use LTC to reserve hotel rooms, book flight tickets, and even purchase holiday packages across the world. LTC is not the only currency that users can pay with at Travala. There are several dozens of digital assets used as payment methods at Travala. Depending on the cryptocurrency you have selected, Travala shows you the booking rates in that respective currency. Clients also can earn rewards with Travala’s unique tokenized incentive programs.
Litecoin is a convenient way to pay for vacation or business trip accommodations on Travala. The company has an excellent reputation, and it has 4.7 out of 5 stars on the customer review platform Trustpilot. The company features more than two million accommodations available to its clients. Yet, Travala does not stop there and is continuously offering new travel choices, bringing thousands of additional hotels into their global network.
eGifter is a popular platform where you can purchase gift cards and have them delivered via email or text. Gift cards are a great way to avoid spending fiat money on products of the most mainstream merchants. For instance, on eGifter’s website, you can purchase a gift card from Starbucks and redeem it at your local shop without using any fiat. Recently, eGifter started featuring Vanilla eGift Visa, a universal card which can be used at any Visa partner. If you use LTC to pay for gift cards on the platform, you will earn bonus points which can also get you additional gift cards in the future. The platform also allows you to hand-deliver certain gift cards (in bulk, as well). eGifter holds promo events where it sells cards at a discount. This gifting platform is a proud supporter of payments via Litecoin, Ethereum, Bitcoin, Bitcoin Cash, Dash, and XRP, along with traditional payment options like VISA and Amex.
Have you ever thought about purchasing and renting properties using cryptocurrencies? Well, RE/MAX allows you to do just that. This global company, headquartered in Denver, Colorado, allows you to buy and rent high-quality properties while accepting Bitcoin and Litecoin as payment. The company has a convenient app where users can search for new listings, save their favorites, and even schedule showings. RE/MAX has an extensive selection of options in different segments, from homes at reduced prices to luxury and commercial properties. RE/MAX also can set up a virtual tour for any of the properties. Not to mention, RE/MAX has been supportive of Bitcoin use as a means of payment for nearly half a decade now. RE/MAX has a presence in several countries, and cryptocurrency payment options may differ in each one, so research is encouraged. Nevertheless, if you have a substantial sum saved in LTC and you want to invest it in property, there is no better option than RE/MAX.
Sheetz is an American chain of convenience stores and gas stations that has been in operation for over 50 years. Sheetz is an ideal place for stocking up on groceries, fuel, and even beer. You can order your goods online and collect a bag with them at Sheetz. Recently, the company made the announcement that it’d begin accepting cryptocurrencies such as Litecoin and Ethereum in the summer of 2021. For now, the decision only involves its stores, but Sheetz representatives have stated that paying with crypto at its gas stations will be made possible later throughout the year. Sheetz does not accept cryptocurrencies directly; instead, it has partnered with Flexa, a digital payments processor. Sheetz has a major network of convenience stores, and currently, you can pay with Litecoin at more than 600 locations. Sheetz also has gift cards, and you can buy them with Litecoin if you want to have a more convenient means of shopping at Sheetz.
UnlockBase is a service that helps you unlock a stuck/locked iPhone device. The team has been around for over a decade, offering plenty of experience and making the process very smooth. The company even offers a money-back guarantee if you are unsatisfied with the service. Apart from iPhones, the company can help its clients unlock phones of many other manufacturers, including Samsung, Huawei, and Nokia. The process is easy. You send UnlockBase your IMEI number, and they provide you with an Unlock Code. The service supports more than 26k phones, so the chance that you will find yours is quite high. On its official website, the company states that it has already unlocked 5 million devices. UnlockBase is a great platform for people who forgot their passwords or simply refurbish and sell used mobile phones. The company even has special pricing for wholesale clients. In addition to Litecoin, they also support several other cryptocurrencies.
Snel is an online store that sells domain names and provides services such as web hosting, cloud hosting, and VPS services. Users recommend Snel for its intuitive user interface and its customer service. The company aims at delivering high-quality services for its clients and presents them with plenty of options to choose from. Clients searching for professional web hosting solutions can pick a plan which suits their business needs best. You can also register a domain name of your dream with Snel at any moment since the service is live 24/7 and for as little as 7.50 euros. Snel provides highly competitive pricing and offers discounts if you use Litecoin, Bitcoin, Ethereum, or other cryptocurrencies. Snel supports a total of 20+ payment options, making their service easily accessible. Snel is a great place to set up your cloud hosting infrastructure without the need to pay for it with cash or use fiat.
CryptoGames is a gambling website where you can play with cryptocurrency and bag your winnings. The website supports many games, including Dice, Blackjack, Minesweeper, Slot, Lottery, and Video Poker. Depending on your mood, you can pick one of these games and deposit via Litecoin. Most importantly, CryptoGames also permits conversion to different tokens as well. CryptoGames is a blockchain-based platform which is transparent about its operations. It relies on industry standards for provably fair gaming. Clients can verify the casino’s drawings with the help of special verification tools. The platform also has a low house edge which starts at a mere 1%, much lower than at casinos that accept fiat currencies. CryptoGames does not collect any sensitive information about their clients, which allows them to stay private. When using Litecoin or any other cryptocurrency to withdraw from CryptoGames, you can select any of your wallets. CryptoGames provides fast payouts to all of its clients.
G2A.com is a popular destination among gamers who enjoy using cryptocurrencies to pay for their favorite titles. The website has an extensive selection of games as well as in-game items at incredible discounts, which, coupled with crypto payments, constitute excellent bargains. The website holds weekly sales where you can find absolute gems for mere cents. G2A.com accepts Litecoin alongside a variety of other coins, including Bitcoin and Dogecoin. Clients can also purchase numerous electronic devices such as consoles or items such as gift cards and subscriptions. Despite the fact that platforms like Steam, Xbox, PlayStation, and Nintendo do not accept cryptocurrencies as payment, they have gift cards. You can buy such gift cards with Litecoin at G2A and then redeem them at the merchant. Additionally, there is G2A Loot, a place where people can buy cases with crypto and open them to get various rewards. Thus, G2A is the ultimate sport for gamers using cryptocurrencies.
The gambling industry was among the earliest adopters of cryptocurrencies because casinos instantly saw high potential in the fast, secure, and anonymous way of paying for these services. As a result, there are many online casinos that offer lucrative benefits to users who prefer playing with crypto. 1xBit is one of the most prominent gambling platforms in the crypto world because of its history. Having been established in 2016, the platform has grown into a major betting and gambling platform. The company also accepts Litecoin and lets users deposit their coins. 1xBit is truly a universal platform because it features five thousand games and up to one thousand sporting events. Users also receive up to 7 BTC in bonuses for creating their first 1xBit account. You can also bet on your favorite esports teams on 1xBit. The company has apps for android and iOS, so you can bet and gamble with Litecoin on your mobile phone.
HostMeNow is a service that also accepts cryptocurrencies and allows users to gain access to its unlimited monthly web storage and bandwidth by paying with crypto. HostMeNow is a global company with headquarters in London. So, if you are looking for an opportunity to exchange your LTC coins for a reliable hosting solution, HostMeNow should definitely be an option to consider. The platform always updates its software in order to minimize security threats to the clients. On HostMeNow, you can order shared hosting for as little as £2.00. You can always register your domain with HostMeNow. Additionally, the company offers SSL Certificates to clients who want to achieve better security on their websites. Essentially, HostMeNow provides a full range of services for clients who want quickly deploy their website and need servers for that. Paying for such services with Litecoin makes the experience even more convenient since you can conduct a fast P2P transaction.
Crypto-Keys.com provides a safe and easy way to safely store your seed phrase and protect your funds. Every user who has a crypto address receives a unique set of words called seed phrase, which grants them the right to access their funds. On the one hand, this mechanism guarantees the safety of your crypto holdings since seed phrases are virtually impossible to guess. Yet, on the other hand, storing seed phrases can become difficult because a digital file or a paper with the seed phrase written on it can be easily lost or destroyed. Crypto-keys’ solution to this problem is imprinting these words on metal. If you have a crypto wallet, like Ledger, Trezor, or KeepKey, you can use these fire-resistant keys made of stainless steel. The company accepts Litecoin as a form of payment so you can get your Crypto-Keys products for real crypto. Remember, “not your keys, not your coins.”
Now that you have learned about a few popular places to use your Litecoin, we would like to clear some doubts.
- Will Amazon accept Litecoin?
Amazon does not directly accept Litecoin, and it probably won’t anytime soon. However, if you want to purchase something from Amazon with Litecoin, you can use an LTC to USD conversion service or a gift-card service to pay on Amazon.
- Does Steam accept Litecoin?
Unfortunately, Litecoin is not one of the official payment options on Steam. However, you can use the eGifter platform to create a Steam gift card using Litecoin and use the gift card on Steam to buy the game titles you want.
- Does PayPal accept Litecoin?
Towards the end of October 2020, PayPal outlined its vision for a whole new service that would allow its users to purchase, hold, and sell several cryptocurrencies, including Litecoin. As a result, eligible PayPal account holders in the U.S. can already buy, hold, and sell Litecoin directly with PayPal.
- How to accept Litecoin payments?
If you have an online or offline store where you would like to accept Litecoin payments, you should integrate a compatible Payment Gateway to your web-store. Many websites that accept Litecoin are often using the same payment gateway to accomplish this.
You can learn how to accept cryptocurrency for your business using payment gateways like NOWPayments here.
- How to accept Litecoin donations?
If you’re running a charity or even if you’re just a blogger seeking donations, you can set up a donation widget/button/link as a channel for receiving cryptocurrency donations.
- Can I accept Litecoin but still receive dollars?
If you’re still skeptical about cryptocurrencies, you may consider implementing the fiat conversion feature. NOWPayments’ solution will help you enter the crypto market playing field effortlessly.
How to accept Litecoin
- Integrate our API gateway for Litecoin payments.
- Integrate one of our plugins: WooCommerce, WHMCS, PrestaShop, Zen Cart, OpenCart, Magento2, and Shopware!
- Send Litecoin invoices.
- Accept Litecoin as donations on Twitch, any website, or social media.
- Send salaries, rewards, rebates, commissions, and other forms of mass payments in Litecoin.
Sign up to start exploring the benefits of Litecoin payments and donations!
The Bottom Line
It’s clear that most of the well-known names in the business world currently do not accept Litecoin or any other cryptocurrency. However, considering the growth that Litecoin, Bitcoin, Ethereum, and other tokens have recently gained, we strongly believe this will tremendously change over the years.
Saying that there’s been a leap in many alternative businesses starting to accept Litecoin and other coins. These companies are the early adopters and are helping to kickstart the monetary revolution happening before our eyes.
Make sure you pay with crypto on these platforms to obtain the best deals!