Cred Announces Support for Litecoin

We are excited to announce the addition of Litecoin support through our CredEarn platform on Uphold. Uphold users who hold LTC are now able to earn up to 8% on the token, with interest paid every three months.

LTC is the fourth-largest cryptocurrency and is among the most popular and fastest digital assets that have stood the test of time. Founded in 2011 by Charlie Lee, according to the Litecoin website, “Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.” If you’re familiar with the digital currency Bitcoin, the above definition might sound similar. That’s because Litecoin is based on Bitcoin’s open-source codebase, but with a few technological differences.

Allowing LTC Holders to earn on their assets adds an incredibly powerful use case to Litecoin. Uphold users with a Litecoin wallet simply sign up for Cred, then hit Start Earning. On the first and fifteenth of every month, Cred will activate your program and interest will start to accrue on that date.

Key Features and Benefits

  • Cred has comprehensive insurance coverage of any crypto-lending company through Lockton. Read more about Cred’s insurance here.
  • No minimum or maximum account size needed to start earning.
  • LBA holders can access premium interest rates and features like early withdrawal, no penalty (subject to availability).
  • Interest is annualized and paid quarterly in USD, LBA or stablecoin.
  • No monthly or hidden fees.

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO - 91480.