LTC Wallet Setup for Marketplace Buyers (5-Minute Guide)
Why LTC for marketplace trades
Litecoin transactions confirm in ~2.5 minutes and cost pennies. Most marketplaces (Ligit included) waive middleman fees on LTC because the network cost is already negligible.
Step 1 — pick a wallet
For mobile, Trust Wallet or Exodus. For desktop, Exodus or Electrum-LTC. Hardware wallets (Ledger, Trezor) work if you already own one. Avoid exchange-held LTC for trading — withdrawal delays cause missed deals.
Step 2 — buy LTC
Cheapest options: Binance, KuCoin, Coinbase. Cheapest fees: Strike (US), Bisq (peer-to-peer), or DEXs. Most beginners use Coinbase for simplicity.
Step 3 — withdraw to your wallet
Send LTC from the exchange to your wallet's LTC receive address. Confirm with a small test send before sending a full purchase amount.
Step 4 — pay the middleman
When a trade opens, the middleman bot generates an escrow address. Paste it into your wallet, send the exact amount, confirm on the bot side, wait for the seller to deliver, type 'release'. Done.
Ready to trade? Browse the marketplace or learn how the middleman keeps your trade safe.