Transfering $99 Million USD in LTC Costs.. 0.40 USD in fees!

in blockchain •  7 years ago 

Lately someone ttransferredLTC worth of $99 Million USD for just 40 cents.

Yea, now price raised due to BTC pump so its worth 107 million

Also took just 2,5 minutes confirmation time. Is then Litecoin the best cryptocurrency for moving big amounts fast and secure ?

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I personally trade Binance from those right now. Needs no ID and registrations are open. Has STEEM. Get there people before they close openings (happened already).

Korbit to Launch LTC

And Added (early volume so just wait)

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Crypto like LTC can be very disruptive and awesome.
Clear indication that crypto will change lives and make more people millions.

Incredible! That's an insanely low fee!

Whoa, thats absolutely awesome and the transaction is so fast. With this very low tx fee, everybody will be happy 😊

So LTC will pump now, gotta go and buy some more LTC folks.

@kingscrown It is nice to have this investment, just in only one time for that small price. It is incredible good, for both.

This would cost thousands if done through the traditional banking system! Great find. So is litecoin cheaper than Ethereum and Bcash? The technology of crypto is finally catching up with the speculation! We should see nice price increases in tandem with real world usage and fundamental value.

This is more proof that Litecoin and Cryptos are the future.

Great illustration and I agree LTC is one of the better coins for moving large volumes at present, but it’s still first generation. New cryptos in development can do so much more!

Wow a Huge investment with low fees ....

Wow this is cool...................to catch a transaction like that.
This could be good news for LTC. I remember the LTC price pumps in December, when the BTC network was clogged - those were the days.

That is pretty damn cool.

What's even cooler is that the transaction would have been just as fast and free on the Steem blockchain.

That's pretty amazing for ltc to have such low transaction few for that kind of money and in so little time.Still Steem is still the heavyweight champion when it comes to transactions without cost and the fastest possible transaction time .

Nice

Wow great exchanges, you make a great benefits from here

"Is then Litecoin the best cryptocurrency for moving big amounts fast and secure ?"

I think it is the best widely supported coin for that. There are coins with few transactions and faster block times that will be faster and cheaper but you may have trouble finding an exchange that has good pairs with it.

LTC has been moving slower compared to the other coins, hopefully this is the bump it needs in order for it to go up in value!

  ·  7 years ago (edited)

It will be worth so much less when this amount needs to be exchanged to FIAT. This loss should also be included in transfer price.

That is a such a big deal to make with minimal fuse. Yes the plan to disrupt centralisation

This is a testament to the coding, but after the Litepay fiasco, I do not have much faith in the LTC Foundation to make good decisions and do anything really innovative or beneficial for the currency's real world applicability. LTC is a stronger payment network than it is credited to be, but that still might be all it is.

This is nice post and good job sir

really great past.....thanks for sharing

Great article and very informative, thanks for sharing. I've smashed the upvote button for you!

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thanks for the information..
great share..
upvote

LTC is one of the best payment coins but why not look to XLM? Also donning the lightning network to improve scalability -- and already has IBM, Kik, other huge companies eager to use it as payment system.

Also took just 2,5 minutes confirmation time. Is then Litecoin the best cryptocurrency for moving big amounts fast and secure ?

Of course not. STEEM is a lot faster and such transaction would cost ZERO.

thats a great info litecoin is a good option to transfer funds

  ·  7 years ago (edited)

Wow!, that's huge and a lot of money.
Is the person who owns that a trader?
and the fee is super tiny.
Very informative.
thanks for sharing.

Nice, i love LTC... Which i had more... Maybe i will grab a little now that it should pump with the Korbit inclusion...

As a coin Litecoin has saved me a few times when I have needed to move funds fast and cheap between exchanges, but as a coin I would use day-to-day, probably not so much. Litecoin is a little misleading in its claims of being the fastest, mostly due to the fact it's a Bitcoin fork with minor modifications and is only fast because the network sees a fraction of the use Ethereum and Bitcoin see.

Still cool to see the fee for $99 million worth of Litecoin was 40 cents, can't deny that is pretty awesome.

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DQmViNu6KhpvsSYaAw6uAi9knuwcVwRKhapLXSqpDaUJDba_1680x8400.png

Love LTC for this reason, so fast and cheap! Who has 700,000 LTC?!

with your post i can take a good lesson@kingscrown

yes , this is so true. Crypto currencies will take over fiat's in future. These technologies are future :)

This post has received a 5.96 % upvote from @boomerang.

Invacio is better investment, and is almost in the end of ICO, don't lose this great opportunity
https://www.inv-ico.io/signup/?referrer=f0fda7dcb406f02eee49372ff101ea84

That's right. Binance might close the registration so it's better to sign up now for those who're not yet in Binance.

You can say what you want about LTC but no doubt this is impressive and I think positive for crypto as a whole anytime this kind of utility can be shown.

I believe that litecoin will be one of the larger... money coins out there.
Bitcoin will become the stuff of legends. To buy houses, yachts, or pay for your trade deficit.

Litecoin will be used to buy lattes, dresses and cars. (by lots of people)

WOW!

That's so incredible. Now is an incredible buying opportunity, I use a few places unfortunately a bit of a hassle but Binance is great and is where I get my Cindicator from. Anyone else in on Cindicator?