Software Alternatives, Accelerators & Startups

Litecoin VS Sumsub

Compare Litecoin VS Sumsub and see what are their differences

Litecoin logo Litecoin

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world.

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • Litecoin Landing page
    Landing page //
    2021-10-14
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

Litecoin

Pricing URL
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Litecoin videos

Litecoin Review: Current State of LTC

More videos:

  • Review - Litecoin Review $LTC - Could This CRYPTO Beat BITCOIN in 2020???
  • Review - Litecoin (LTC) Cryptocurrency Review

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to Litecoin and Sumsub)
Productivity
100 100%
0% 0
Identity Verification And Protection
Business & Commerce
100 100%
0% 0
Identity Verification
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Litecoin and Sumsub

Litecoin Reviews

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Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

Social recommendations and mentions

Based on our record, Litecoin should be more popular than Sumsub. It has been mentiond 34 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Litecoin mentions (34)

  • The number of LTC addresses is skyrocketing!
    The price of Litecoin just barely went over its 2017 peak, which to many sounds bad, although 80-90% of all cryptocurrencies failed during the 2018 bear run, so litecoin has still beat the majority of the market. Source: about 1 year ago
  • Do LTC MWEB transaction fees go up proportionally to regular transaction fees?
    But, it's quite easy to go, download Litecoin Core and play with it. (https://litecoin.org/). Source: about 1 year ago
  • A Deep Dive Into Tokenization
    A crypto coin is simply a digital coin, created for making payments. Coins are created to act like money: in other words, they represent a unit of account, store of value, and medium of transfer. Crypto coins tend to take the form of their native blockchain, like with Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Monero (XMR). Source: about 1 year ago
  • LiteCoin till October!
    Yes. And harder to mine. The reward for miners becomes 6 coins instead of the twelve you receive when proofing (finding) a block. The value does happen right away.. It takes years of people collecting and holding. The amount of coins will remain the same. Not like the US government who can print money at will. 😂 Litecoin.org. Source: over 1 year ago
  • Litecoin Records Certain Milestones In 2022 Despite The General Downtrend
    According to a Litecoin tweeter post, The Litecoin Network completed over 39 million transactions in 2022. Source: over 1 year ago
View more

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

When comparing Litecoin and Sumsub, you can also consider the following products

Bitcoin - Bitcoin is an innovative payment network and a new kind of money.

Onfido - Onfido is the data-driven platform for intelligent background checking.

Ethereum - Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

Ripple (XRP) - Ripple is known as RTGS (real-time gross settlement system), exchange currency and a remittance network operated by the Ripple company.

Veriff - Smart and scalable identity verification.