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How do I Deposit via Litecoin (LTC) on OspreyFX?

Modified on: 1st December 2023

 

You will have a 30-day time frame to use the account, be able to deposit up to $2000 and start trading with us before verification is necessary.  

 

After this period, as soon as you hit the $2000 deposit limit or before initiating any withdrawal, it is mandatory to verify your identity to remove all restrictions and fully enjoy the ability to deposit and withdraw funds without limits. 

Verify my identity now.

 

Step-by-Step Guide

 

  • Click on the Deposit Funds tab.

  • Select a Wallet to deposit into.
    *You can also deposit directly to your Trading Account without creating an internal transfer by tapping on the “platform” button under the Add Money To section.
  • Choose Litecoin (LTC).

  • Enter the amount you want to send.

  • Click on Go to Payments.

 

 

 

  • You will receive an address to send your Litecoin (LTC) to and you will have 15 minutes to submit the funds.

  • If your wallet provider is not able to make use of the QR Code that we present to you, please go ahead and use the copy feature to copy the correct information (address/amount) to complete your deposit request.

  • Suppose your wallet provider limits you on the amount of digits after the decimal point within the figure. In that case, you can always round up your deposit request to the limit shown on your wallet provider on our platform. 

    For example, if your wallet provider only allows you to enter 6 digits after the decimal point, you may send 0.179031 from your wallet provider.   

 

If you deposit via Litecoin, you will have to withdraw via one of the crypto currencies available on out platform.

 

 
  • Your deposit would need to have 3-6 confirmations for you to receive your funds, which may take up to 1-3 hours

  • You will be able to track your payment once it has been processed by pasting the unique Litecoin address for your transaction into the search bar. on https://blockchair.com/ 

  • Only send Litecoin (LTC) to the address displayed on the deposit page.

  • Send to the exact Litecoin (LTC) address displayed on the deposit page.

  • Do not save any of the addresses we provide you. A new Litecoin (LTC) address is created each time you create a deposit notification.  

  • Check carefully before sending Litecoin (LTC) as due to the digital currency protocols, transactions can neither be cancelled nor reversed once sent. 

  • Once your Litecoin (LTC) wallet provider sends the transaction to its processing network, the status on the deposit page will update from:
     
    Amber (WAITING APPROVAL) 
    to 
    Grey (WAITING CONFIRMATION).

 

If you have not received the funds after the above time frame, kindly contact us via Live Chat or send us an email on the below email address. 

 

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