How to receive and send Litecoin

Waves allow you to hold and transfer Litecoin on its blockchain. This works through a so-called Multigateway approach: Litecoin sent to a user's deposit address available in the Waves wallet and after the deposit the user receives a Litecoin token (wLTC) on the Waves blockchain. Every single Litecoin token is backed 1:1 with a real Litecoin.

Read more about What is a payment gateway?

How to receive Litecoin

Open your Waves wallet
In the Litecoin section, click on the Receive button.

The following pop-up will appear.
Copy the shown Litecoin address or Scan QR Code and send a payment.
Read the conditions carefully in yellow boxes before proceeding.

Note: Processing can take up to 120 minutes.

How to send Litecoin

Open your Waves wallet
In the Litecoin section, click on the Send button.

The following pop-up will appear.
Paste the Litecoin address you want to send to as well as the amount of Litecoin.
Please note that the gateway charges 0.01 LTC for the gateway fee as well as 0.001 Waves for the network fee.

After you have filled the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat the process.

Note: Processing can take up to 120 minutes, the minimum amount is 0.1 LTC.

How to create internal transaction through Waves network

You can send Litecoin directly to another Waves account, just use the recipient Waves address, click on Send and fill-in the sending form.

Note. The network fee is only 0.001 Waves (no gateway fee)

After you have completed the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat the process.


See more articles in the Transfers and Gateways chapter.

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