Cloud Mining News & Reviews

Which Is Better : LTC/BTC Exchange Rate at LTCGear.com vs. BTC-e.com?

2014/11/18

LTC/BTC Exchange

Source : cryptfolio.com

Which is More Profitable at LTCGear : Receiving Payouts in BTC or in LTC (and Exchanging to BTC on Your Own via BTC-e.com)

We received an inquiry from our reader (thanks for the request!) on which would be more profitable at LTCGear.com - receiving payouts in BTC or getting them in LTC and then using BTC-e.com to change LTC to BTC.

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To look into this issue, we looked at past exchange rates for LTC/BTC at LTCGear.com and on BTC-e.com.

 

LTC/BTC Exchange Rates at LTCGear vs. BTC-e.com

LTC/BTC Exchange

Here's data of LTC/BTC exchange rates on LTCgear.com vs. that on BTC-e.com taken from cryptfolio.com:

November 14th, 2014 Payout : LTCGear.com LTC/BTC = 0.0095  <  BTC-e.com LTC/BTC = 0.01 (5% difference)

November 7th, 2014 Payout : LTCGear.com LTC/BTC = 0.0105  >  BTC-e.com LTC/BTC = 0.0104

October 31st, 2014 Payout : LTCGear.com  LTC/BTC = 0.01101  <  BTC-e.com LTC/BTC = 0.0111

October 24th, 2014 Payout : LTCGear.com LTC/BTC = 0.0104  <  BTC-e.com LTC/BTC = 0.0105

October 17th, 2014 Payout : LTCGear.com LTC/BTC = 0.0104  <  BTC-e.com LTC/BTC = 0.0105

October 10th, 2014 Payout : LTCGear.com LTC/BTC = 0.0106  >  BTC-e.com LTC/BTC= 0.0105

September 26th, 2014 Payout : LTCGear.com LTC/BTC = 0.0115  >  BTC-e.com LTC/BTC = 0.011 (4.35% difference)

September 19th, 2014 Payout : LTCGear.com LTC/BTC = 0.0112  >  BTC-e.com LTC/BTC = 0.0111

September 12th, 2014 Payout : LTCGear.com LTC/BTC = 0.0112  <  BTC-e.com LTC/BTC = 0.0113

 

LTC/BTC Exchange Rates More More or Less the Same (Usually within 1%)

We noticed that LTC/BTC exchange rates were higher at LTCGear.com in the beginning in September and early October, but since then, they were better on BTC-e.com (with the exception of November 7th payout).

The difference was small, usually less than 1%, with the exception of a couple of dates (September 26th payout, when rates at LTCGear were better, and November 14th payout when rates at BTC-e.com was better).

 

BTC-e.com Had Better Rates for 5 of the Past 9 Weeks

It should be noted that while the LTCGear's exchange rate is accurate (taken from their Farm Payments page), BTC-e.com's rate is always fluctuating, so the LTC/BTC rate could be different from the exchange rates above depending on the time you receive your payouts or when you actually exchange your funds.

That said, of the past 9 weeks, BTC-e.com has had better rates than LTCGear.com for 5 of the 9 weeks, although usually by a small margin of less than 1%.  So, it's fair to say that rates at BTC-e.com were better (for the past 9 weeks), but only by a small margin.

Ultimately, it's your call whether to go with BTC-e.com and do the exchange yourself (make sure to count transaction fees in moving LTC and BTC in and out of BTC-e.com).

 

A Tip : If You're Exchanging LTC to BTC, You May Want to Wait for the Next Spike in Bitcoin Price

If you are willing to convert LTC/BTC yourself, you may want to monitor historical LTC/BTC rates, and exchange when LTC/BTC rates are good, historically.

The current exchange rate is around 0.01 BTC.  Considering that exchange rates were in the north of 0.02 BTC for a vast majority of the past year and a half, the current LTC/BTC rates are not that good.

LTC/BTC Exchange

Source : cryptocoincharts.com

Historically LTC/BTC rate has spiked along with the Bitcoin price hike.  if you look at 2013 April and November, you can see LTC/BTC rates suddenly shot up north of 0.03 BTC, which is 3 times the current rates!

Based on these past trends, it's likely that the next time we see a speculative price appreciation with Bitcoin (which we are convinced WILL happen based on past chart trends), LTC/BTC exchange rate will also suddenly go up.

Although past trends are not guarantee for future performance, charts tend to follow a pattern, and they can tell a lot about what's to come!

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