This quick video shows how you can use ShapeShift.io to spend Litecoin at any Bitcoin-accepting merchant.
In the example, the user goes to Overstock.com and buys a pair of sheets, checks out with Bitcoin, and then uses ShapeShift to pay the invoice with Litecoin.
No account required, takes 10 seconds.
ShapeShift is an instant exchange for Litecoin, Bitcoin, Peercoin, Dogecoin, Darkcoin, and other cryptocoins. As a new service, it is the fastest way to trade between these digital currencies. An exchange between coins on ShapeShift takes only a few seconds, and no account is needed.
There has never been a faster, easier way to exchange Bitcoin, Dogecoin, Litecoin, Peercoin, Darkcoin and other cryptocurrencies. You can use ShapeShift to convert instantly between these altcoins individually or in an automated fashion. Exchanges typically occur in less than ten seconds. ShapeShift respects your time, privacy, and security, and so the exchange does not require accounts, passwords, or your email address.
For example, if you are looking to buy Litecoin, but don’t want to store (and trust) your funds with another company or wait for deposit confirmations, use ShapeShift to buy Litecoin instantly using Bitcoin, Dogecoin, Peercoin, Darkcoin, etc. instead. ShapeShift is for both casual buyers and sellers, but also for traders looking to exchange quickly between digital currencies. ShapeShift is how digital currency exchange should be.
With ShapeShift, what you see is what you get. The exchange rate shown is exactly what you’ll receive, minus only the “miner fee.”
There is no exchange fee, or service fee.
BTC Miner Fee: 0.0005 BTC
LTC Miner Fee: 0.003 LTC
PPC Miner Fee: 0.01 PPC
DRK Miner Fee: 0.003 DRK
DOGE Miner Fee: 1 DOGE
Example: Exchange rate shows 1 BTC = 90.0430 LTC. If you deposit 1 BTC, you will receive 90.0400 LTC.