To sell Litecoin for naira, send LTC to your Snapiro Litecoin deposit address on the Litecoin network, sell it at the rate on screen, then withdraw the naira to your Nigerian bank. No memo is needed for the transfer.
Litecoin looks a lot like Bitcoin from the outside, and that’s where most of the risk sits. The two coins use different networks and different addresses, so BTC sent to a Litecoin address won’t arrive as naira.
Below you’ll find how the LTC rate is worked out, how to tell a Litecoin address from a Bitcoin one, the steps from your wallet to your bank, and what it all costs.
What you need
- The Snapiro app on Android or iPhone, from the download page.
- A verified BVN or NIN. Depositing works on Tier 1 (email and phone verified), but selling crypto needs Tier 2, which means a verified BVN or NIN. Here’s how to verify your BVN.
- A transaction PIN to confirm every sale and withdrawal.
- A bank account in your verified name, for withdrawing the naira.
- LTC on the Litecoin network, in an exchange or a wallet such as Trust Wallet.
How the LTC to naira rate works
Litecoin’s dollar price moves through the day. Snapiro’s rate is LTC’s US dollar price multiplied by the naira-per-dollar rate.
An example with made-up round numbers:
| Example | Figure |
|---|---|
| LTC you sell | 4 LTC |
| Example LTC price | $100 |
| Dollar value | $400 |
| Example naira rate | ₦1,400 per $1 |
| You get | ₦560,000 |
Real prices change all the time, so check the live figure on the Litecoin rate page or the rate calculator before you send.
There’s no separate selling fee. The margin is built into the rate, so the naira amount you see before you confirm is what you get.
The network: Litecoin, not Bitcoin
Snapiro accepts LTC on the Litecoin network itself. There’s no memo or tag, just the address.
A quick way to check you’ve got the right kind of address:
- Litecoin addresses usually start with ltc1, L or M.
- Bitcoin addresses start with bc1, 1 or 3.
If the address you’re about to send to starts like a Bitcoin one, stop and copy it again from the LTC Deposit screen. And if an exchange lists LTC on more than one network, pick Litecoin. LTC sent on another chain won’t reach your Snapiro address.
How to sell LTC on Snapiro, step by step
1. Create your Litecoin deposit address
Open Home and tap LTC under Sell a coin, or go to All wallets › LTC, then tap Deposit. If no address shows, tap Create address. It usually takes under a minute, so pull down to refresh. You only do this once. The help centre has a guide to creating a deposit address.
You’ll see the address with a QR code, Copy and Share buttons, and the warning: “Send only LTC on the Litecoin network to this address. Anything else may be lost for good.”
2. Send the LTC
In your exchange or wallet, tap Withdraw or Send, choose LTC, paste your Snapiro address, select the Litecoin network and enter the amount. Compare the first and last few characters with the app before you confirm. Keep the TxID the exchange shows.
3. Wait for it to land
The deposit is credited once the network confirms it, and you’ll get a “Deposit Confirmed!” notification. If it’s taking longer than you expect, read why a crypto deposit hasn’t been credited.
4. Sell the LTC
On the home screen, tap LTC under Sell a coin (or open All wallets › LTC), then tap Sell. Type an amount under Amount to sell or tap Max. The card shows the coin rate, the naira rate and You get (estimate). With the example numbers above it would read Rate 1 LTC = $100 and Naira rate $1 = ₦1,400. Tap Sell LTC and enter your transaction PIN.
The naira lands in your naira wallet straight away. The sale shows under Activity, and you get a push notification and an email.
5. Withdraw or spend
Add a bank account in the same name as your verified name, on any Nigerian bank or wallet on NIBSS (OPay, Kuda, Moniepoint and PalmPay included), and withdraw to it. The minimum withdrawal is ₦1,000 and each one costs ₦200.
You can also keep some naira in the app. The same balance can pay for airtime, data, electricity and TV, with 1% cashback on each payment.
What it costs
- The Litecoin network fee, charged by your exchange or paid from your wallet. It doesn’t go to Snapiro.
- ₦200 per naira withdrawal to your bank.
With the example above, 4 LTC sells for ₦560,000. Withdraw it all in one go and ₦559,800 reaches your bank. Tier 2 can withdraw up to ₦100,000 in 24 hours, so a withdrawal this size needs Tier 3, which comes with verifying both BVN and NIN. Every charge is on the fees page.
Mistakes to avoid
Sending Bitcoin to your Litecoin address. Check the first characters of the address before you send.
Picking the wrong network on the exchange. Choose Litecoin, even if another network shows a lower fee.
Copying an address from your history. Scammers send tiny amounts from look-alike addresses so you’ll copy theirs later. Always copy fresh from Snapiro.
Sharing your PIN. Snapiro staff will never ask for it. Learn how to spot scammers who pretend to be support.
Other coins on Snapiro
If you also hold USDT, our guide to selling USDT for naira follows the same steps, and there’s a matching guide for selling Dogecoin for naira.
Frequently asked questions
Do I need a memo to send LTC to Snapiro?
No. Snapiro’s Litecoin address doesn’t need a memo or tag.
Can I send Bitcoin to my Litecoin address?
No. They’re different coins on different networks. Only LTC on the Litecoin network is credited.
Do I need to verify my account to sell LTC?
Yes. Depositing works on Tier 1, but selling crypto needs Tier 2: a verified BVN or NIN, either one. Withdrawing naira also needs Tier 2 and a bank account in your verified name.
Is there a minimum amount of LTC I can sell?
There’s no Snapiro minimum deposit. The minimum naira withdrawal is ₦1,000.
Copy your LTC address fresh from the app, then check today’s figure on the Litecoin page before you sell.
