General info about Litecoin

Litecoin is another cryptocurrency and online payment system.

 

Similarly to Bitcoin, in order to open a transaction on our website, you need to have an existing wallet address.

 

If you don’t yet have one, you need to create a new wallet. Paybis.com recommends Jaxx, Electrum and Trezor wallet.

 

All Litecoin transactions are stored in Blockchain, which is a digital ledger of all the records. In order to view a particular Litecoin transaction or a Litecoin Wallet Address you can use different explorers: Chain.so, Blockcypher, Insight etc.

 

Litecoin transaction confirmations are much faster than those of Bitcoin and usually a transaction gets confirmed within 1-2 minutes.