You can get Litecoin without buying it by earning points on a rewards platform and choosing Litecoin as the payout. On CashyGo that means 5,000 points ($5) minimum, with Litecoin listed as an option on the withdraw page. The withdrawal is where people lose money, so most of this guide is about getting the coins to your wallet correctly.
One thing up front: the amounts are small, and the dollar value of what you receive moves after it arrives. This is a payout method, not a way to make money from the coin.
Earning the points
CashyGo pays points for game offers, surveys, app trials and similar tasks. 1,000 points equal $1. Surveys usually pay 500 to 5,000 points each, and mobile game offers pay up to 50,000 points for finishing every level goal. There is no guaranteed daily income. What you earn depends on the offers available in your country and your effort.
Cashout starts at 5,000 points. The withdrawal form shows the minimum that applies to Litecoin, so check it there before you plan around a number.
What a wallet address is
A Litecoin wallet holds the keys that control your coins. The address is the public part: a long string of letters and numbers you give to anyone who is sending you Litecoin. Sharing it is safe.
Litecoin addresses start with L, M, or ltc1. If the string you copied starts with 0x, bc1, 1 or 3, it is not a Litecoin address.
The private part is the recovery phrase, usually 12 or 24 words shown once when you create the wallet. Write it on paper and keep it offline. Nobody needs it to send you coins, so never type it into a website or chat.
You have two kinds of wallet to choose from:
Check the network before you paste
Litecoin runs on its own network. Some exchanges also let you deposit Litecoin over other networks as a wrapped token, and their deposit screen will show a network selector. The sending network and the receiving network must match.
Read the network named on the CashyGo withdrawal form, then pick the same network on the receiving side and copy the address your wallet or exchange gives you for it. If the two do not match, do not send. If the form rejects your address, try the other address format your wallet offers instead of editing the string by hand.
Why a wrong address cannot be fixed
A confirmed crypto transfer has no company in the middle with the power to pull it back. The US Federal Trade Commission says: “Cryptocurrency payments typically are not reversible.”
Three ways this goes wrong:
If you spot a mistake after submitting, email [email protected] right away with the request details. Do not count on a fix: once a transfer has been sent, nobody can pull it back.
The withdrawal, step by step
Requests are usually approved within 24 hours. After that, crypto transfers follow provider timing, usually several business days. If you are given a transaction ID, you can look the transfer up on a public Litecoin block explorer.
Fees and minimums
Four numbers can reduce or block a small withdrawal: the platform’s minimum cashout, the network fee for processing the transfer, any service fee from the platform or payment provider, and the smallest deposit your receiving exchange will credit.
On CashyGo the platform minimum is 5,000 points. For Litecoin, read the minimum and any fee shown on the withdrawal form before you confirm.
A fee that looks tiny is a real share of a $5 payout. If a flat fee applies, cashing out less often in larger amounts loses less to it. For how minimums compare across platforms, see minimum cashout limits on reward apps.
If the Litecoin does not arrive
After it arrives
Nothing here is a suggestion to hold the coin. Crypto received as payment may be taxable, so check with a tax professional.
FAQ
Is free Litecoin real?
Earning it through tasks is. You are paid for time, in small amounts. Sites that promise Litecoin for nothing, or ask for a deposit to unlock a withdrawal, are scams.
What does a Litecoin address look like?
It starts with L, M or ltc1. An address starting with 0x, 1, 3 or bc1 belongs to a different coin.
Can I get my Litecoin back if I sent it to the wrong address?
Generally no. Confirmed transfers are not reversible, which is why you check the address before submitting.
Do I need to pay anything to withdraw?
You never need to send money in to get a payout. Any fee taken from the payout itself is shown on the withdrawal form, so read it before you confirm.
