How do you see the transaction charges for selling of $5 worth of Litecoins to usd dollars.

[Xtynehappy]

I would like to know how much is the transaction charges for the exchange of the above mentioned Litecoins to USD dollars?

 

[Fidelia]

I know that the fee for Litecoin transactions are generally $0.001 for regardless of transaction amount. The exchange or wallet might have it's own fees though.

 

[King Belieal]

@Fidelia has said it all. Litecoin has been my favourite payment crypto and for years, I have been sending Litecoin from Faucet pay, Binance and many other wallets at just 1cent.

 

[Augusta]

From the comments the charge for exchange on wallets are very low. So why do exchangers on earning sites then charge up to 25 % for exchanging for people. I don't get it

 

[kerryjoy]

Litecoin has been my favorite cryptocurrency for payments. For years, I've been sending Litecoin from FaucetPay, Binance, and many other wallets for just 1 cent.

 

[King Belieal]

From the comments the charge for exchange on wallets are very low. So why do exchangers on earning sites then charge up to 25 % for exchanging for people. I don't get it

They are out to make a profit. And some don't see a profit of 25% as even being enough.

The highest amount that I paid for Litecoin transaction was just 3 cents.

 

[Augusta]

Then the profit making is a cut throat one. I know we are not forced to exchange but then we need to always consider the next person while trying to make profit. Sometimes we humans complicate life with our hike in prices of goods and services

 

[Stardom22]

It's evidently that most individuals being involved in the p2p crypto to fiat money and vice versa charge exorbitantly profits rates that makes the cryocurrency currency investing to be meaningless.

 

[Nomad]

You pay network fees when you send crypto, which is very small for litecoin, when you trade for USD, you also pay fees exercised by the exchange.