LocalCryptos users will be able to buy and sell Litecoin (LTC) with zero fees until July 18 as a way of “celebrating” the listing of “digital silver.”
Litecoin trading begins! You can now trade $LTC on the most popular non-custodial P2P crypto marketplace.
To celebrate, we’re cutting our trading fee to 0% for the first three days. Until June 18, buying and selling LTC on LocalCryptos is free! https://t.co/wIwDe31qmA
— LocalCryptos (@LocalCryptosEN) June 15, 2020
LocalCryptos, formerly known as LocalEthereum before it rebranded late last year, is currently the tenth-largest exchange running on Ethereum. It added support for Bitcoin when it changed its name in November and now is expanding its offerings even more.
In mid-February, the exchange put its next move up for a community vote, allowing its users to determine which coin it would list next: Dash, EOS, or Litecoin—with LTC coming out on top.
Lucky for LocalCryptos, the similarities between Bitcoin and Litecoin make adding to its platform as easy transition: “Because Bitcoin and Litecoin are so similar, we can port our non-custodial BTC escrow script to Litecoin without any major changes,” the firm explained in an email to users. “LTC escrows on LocalCryptos will be on-chain P2SH transactions.”
In other words, LTC users won’t have to worry about any pesky centralization. Their Litecoin wallets on LocalCryptos will be self-custodial and SegWit-enabled. “Your keys-your coins,” the exchange assured.