Athena Bitcoin buys & sells Litecoin!
What is Litecoin?
Litecoin is a digital currency, like Bitcoin, that can be used as “digital cash” via the Internet. Launched in 2011, Litecoin is the longest running cryptocurrency around besides Bitcoin. Compared to its bigger brother, Litecoin features faster confirmation times and a lower transaction volume. This means you can send litecoin quicker and for much less cost per transaction. Typical fees are between one to twenty cents USD! Several online merchants and services accept Litecoin because of these lower fees.
Does my Bitcoin wallet work with Litecoin?
Maybe. Multi-coin wallets that support more than one cryptocurrency will typically support Litecoin. For example, the Edge wallet is compatible, as is Coinomi, Exodus, and Jaxx. You can use any Litecoin-capable wallet alongside your Bitcoin app (see below), or you may use a Litecoin address (beginning with “L” or “M”) from the website or person you wish to pay directly at the ATM. If you can bring an image of a Litecoin QR code that would be best. Otherwise you may type the Litecoin address in manually. Be careful to type it in exactly as displayed to you.
Can I use Litecoin on my phone or computer?
Yes! There are many wallets and services available to help you store and transact with Litecoin on your phone or desktop computer. We can recommend that you look into the following options, but we cannot guarantee their functionality, security, or suitability for any purpose, nor do we provide technical support for these wallets: Edge (Apple iOS/Android), Coinomi (Apple iOS/Android), LoafWallet (Apple iOS/Android), Jaxx (mobile/desktop), Electrum-LTC (desktop), LiteVault (web-based), Ledger (hardware), Trezor (hardware), and LiteAddress (paper wallets / cold storage).
Bitcoin or alternative currencies? What should I use?
All currencies sold at an Athena ATM have valid uses both as a payment form and as a speculative asset. Bitcoin is the most valuable and most widely used cryptocurrency.
If you are looking to save network fees using a digital currency or are looking for a faster transaction experience and your destination also accepts one of these currencies, then one of the alternative currencies will likely be a better choice for your payment. You can purchase them directly from our ATMs with cash; the process is nearly the same as buying bitcoin. Just remember that Litecoin addresses begin with “L” or “M” and you will need a valid address to receive litecoin.