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, including Backpage.com, accept Litecoin because of these lower fees.
Does my Athena Bitcoin Wallet work with Litecoin?
At the current time, no. The Athena Bitcoin Wallet is Bitcoin-only for now but our technology provider has released the Edge wallet which is compatible. In the mean time you may use a Litecoin-capable wallet (see below), or you may use a Litecoin address (beginning with "L") 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 third-party 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: Coinomi (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.
Where can I find an Athena ATM that sells Litecoin?
Litecoin is available at ALL Athena ATMs in our network! Please see our Locations page for your nearest ATM.
Step One: Download a Litecoin Wallet App
Before purchasing Litecoin at one of our Athena Bitcoin ATM's, download a mobile wallet such as LoafWallet in order to make the purchasing process easier. Any of the Litecoin mobile wallets that are listed above may be used, but the guide below will focus specifically on Loafwallet. Purchasing Litecoin is identical to purchasing bitcoin at the ATM. For a set of instructions on how to purchase Bitcoin, see our Instructions page.
Step Two: Securing Your Litecoin
Much like Bitcoin, it is incredibly important to keep your security phrase safe. Once you have downloaded the app and created a wallet, write down the security phrase and keep it in a safe, secure location. The security phrase is a list of random words that can be used to help recover your account if something happens to your phone. You should not share this phrase with anyone else.
Step Three: Creating Transactions
Once you have written down your security information. The send screen should come up on your mobile app. LoafWallet makes it simple to send Litecoin to another individual who has a Litecoin wallet. You will enter the Litecoin wallet address of the individual that you will be sending your Litecoin to. Due to the long nature of addresses, it may be best to copy and paste the address to ensure that you are sending your Litecoins to the right party. If your destination provides a QR code you may click on the small QR code at the end of the "pay to" box to scan that QR code with your camera without having to type in their address. You will then enter in the amount of Litecoin that you wish to send. You can enter this amount in either USD or LTC. Once you have filled out the required fields, you may hit send and send your Litecoin!
In order to receive Litecoins from a sender, you will hit the "receive" tab at the bottom of the screen. There are many options when choosing how to receive your Litecoin. The app defaults to your QR code, which allows the individual to scan your code to send you Litecoin but if you chose to use another method, clicking "Receive" under the QR code provides you with several different receiving options. Those options are shown in the photo to the left. These options allow you to either send your address via an email or a text message as well as it allows you to request an amount from your sender. Once you have completed the sending and receiving process, your transactions will be organized under the history tab at the bottom of the screen.
To receive litecoin from our ATMs, press the Receive button within the app and show your QR code to our scanner on the ATM. Your address will be shown on the screen once captured. You may then proceed to insert cash.
We are here to help. If you need assistance please feel free to call or chat with us.