We have exciting news for users of Litecoin and Bitcoin! Athena Bitcoin has begun selling Litecoin in ALL of our 43 ATM's across the country. You can now visit any of our ATM's across the country and purchase Litecoin or Bitcoin...or both!
What are the benefits of using Litecoin over Bitcoin?
Bitcoin is growing at an astronomical rate. Bitcoin users increase more and more each day. With that being said, Bitcoin is struggling to keep up with the high traffic and demand. That is where Litecoin comes in. Although Bitcoin is a great option, Litecoin has a few benefits that make it a bit easier for users.
A typical Bitcoin transaction usually costs over a dollar and possibly much more to send from your own wallet. Whereas a Litecoin transaction only costs a few cents. Likewise, Bitcoin transactions can also take several hours (or more) to confirm on the network depending on the fee you used and the current congestion level. Whereas Litecoin will confirm a transaction in three minutes.
Litecoin is a great alternative to Bitcoin, allowing a few more benefits to make transactions easier, but be aware if you chose to visit one of our ATM's and purchase Litecoin, Litecoin is not as widely used or popular as Bitcoin is. Less people are using Litecoin in comparison to Bitcoin.
What does this mean for Athena customers?
If you are using our network to purchase Bitcoin nothing will change. However, if you are looking to make smaller payments using a digital currency or are looking for the fastest possible transaction times and your destination also accepts Litecoin/LTC, then Litecoin will likely be the best choice for your payment. You can purchase it directly from our ATMs with cash; the process is nearly the same as buying bitcoin. Just remember that Litecoin addresses begin with "L" and you will need a valid address to receive litecoin.
Check out our Litecoin launch page for more info!
Banner image credit: BTC Keychain