How do I exchange a cryptocurrency with another?

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I have a bunch of litecoins and want to exchange them for bitcoins. What's the easiest way of doing it, without having to sell LTCs first and then buy BTCs?

emi

Posted 2013-05-15T18:15:34.440

Reputation: 295

1One possibility is Ripple.com via DividendRippler.com (or another LTC gateway). – dchapes – 2013-05-15T19:01:04.120

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Another possibility is an OTC (over the counter) style trade via http://bitcoin-otc.com or via a message on a forum like https://bitcointalk.org

– dchapes – 2013-05-15T19:11:51.470

Answers

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BTC-e handles a few different alt coins as well as BTC, USD and EUR.

Jamie Bull

Posted 2013-05-15T18:15:34.440

Reputation: 364

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Some of the exchanges, such a Vircurex, support LTC to BTC exchange.

Colin Dean

Posted 2013-05-15T18:15:34.440

Reputation: 6 834

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If you trust the other party, you could simply agree on an exchange rate and communicate the receiving addresses of the various cryptocurrencies. Of course, you would have to find another party that wants (for example) to purchase LTC and is willing to pay in BTC.

Establishing trust is the real issue.

abommarito

Posted 2013-05-15T18:15:34.440

Reputation: 41

1Yeah, but that's definitely not the easiest way of doing it. :P – emi – 2013-05-16T14:26:20.937