Litecoin, founded by former Google engineer Charlie Lee, is one of the first altcoins and the second oldest cryptocurrency after Bitcoin. While Bitcoin is mainly used for long-term value storage, Litecoin was created to cater to everyday transactional needs. This spinoff uses a new algorithm called Scrypt, which supports up to 54 transactions per second, more than Bitcoin’s five.
When using Litecoin to purchase proxies, it is essential to bear in mind the volatility of the cryptocurrency market, keep your wallet secure, and double-check all information before making a final transaction. With these precautions, you can make sure that your Litecoin payments are successful and secure.
How to Buy a Proxy Server With Litecoin (LTC)?
At ProxyCompass, we understand the potential of Litecoin for everyday payments, and have integrated the digital system into our payment methods. This allows you to purchase proxies securely and privately, without worrying about issues that come with FIAT currencies. Here is a step-by-step guide for buying proxies with Litecoin.
Funding your ProxyCompass account
To start off, you will need to log into your account on the homepage. If you are a new member, you will have to create an account. Once logged in, click on your email address at the top right-hand corner of the page and select “Pay with cryptocurrency.” Enter the desired amount and click the “Confirm” button. This will redirect you to Coingate, our payment gateway, where you will be able to select Litecoin and follow the steps to add the funds to your account.
Using Litecoin to purchase proxies
Once you have deposited Litecoin into your account, you can purchase proxies. Go to the dashboard, select the proxy, and click the “Create new order” button. Specify the proxy type, contract length or bandwidth amount, and click “Confirm.” You will be redirected to the details page, where you should select “Balance” and ensure the amount is sufficient for your purchase. Click the “Pay ($x.xx)*” button to complete the process.
*($x.xx) will be replaced with your actual purchase price.