Litecoin is one of the most popular cryptocurrencies and Coinremitter can help you accept LTC payments online for your business with the help of Coinremitter’s LTC API.
For receiving Litecoin payments, signing up as a merchant or an individual is necessary. Integrating LTC API is the next step after signing up for Coinremitter. Here is the guide to getting the API key and password of Coinremitter.
Adding a Litecoin wallet from available digital wallets for cryptocurrency on Coinremitter is necessary for accepting Litecoin payments. You can check this guide to know the process of creating a Litecoin wallet.
The practical advantages of Litecoin are lower transaction fees and faster transaction confirmations over Bitcoin. Speedy transactions are something that attracts most of the customers choosing Litecoin for making payments (Though its reliability is another aspect).
Lower transaction fees backed by lower withdrawal fees are something that every merchant wants. Considering this, merchants just need to pay just 0.23% withdrawal fees while withdrawing funds from Coinremitter, which is another advantage.
Litecoin is built on an open-source platform, which makes the implementation of new security patches to prevent attacks such as hacking. So, merchants can focus on profits and higher potential ROIs rather than being concerned about security & privacy.
Accepting Litecoin helps merchants gain a lot of consumers, especially tech enthusiasts. The support of Litecoin brings a large customer base to merchants. Accepting Litecoin may help merchants gain a customer base interested in paying in LTC only.