Request To Buy Litecoin Instantly at an ATM

Did you know you can enter your order to buy Litecoin instantly at an ATM instead of on an exchange? Pelicoin’s ATMs make it easy to purchase Litecoin as you go about your day, fitting into your busy life. When you need a quick and easy way to purchase Litecoin, here’s why a Pelicoin ATM is the right choice.

Why You Should Submit A Request To Buy Litecoin Instantly at an ATM Instead of An Online Exchange

If you’re interested in getting into Litecoin, using a cryptocurrency ATM is a great option. If you’d prefer to avoid using an exchange’s website directly, the familiar format and relatively simple process of using an ATM may help you to feel more comfortable as you get started with Litecoin. Additionally, in order to purchase your Litecoin directly from an exchange, you may have to enter personal information, whereas cryptocurrency ATMs may provide a greater degree of anonymity, for those who value the privacy of their personal data. 

Another great benefit of buying Litecoin from an ATM is that cryptocurrency ATMs allow for more spontaneous purchases. You can find Pelicoin’s ATMs, which sell Litecoin, in the places you go as a part of your daily life, such as at convenience stores and gas stations. Instead of having to do extensive research to find a reliable exchange and set up an account, you can use a secure Pelicoin ATM to purchase your Litecoin on the spot. Why should you consider buying Litecoin? Here is some more information about it.

Background on Litecoin Compared To Bitcoin

You have probably heard of Bitcoin and perhaps even heard it used almost interchangeably with the term “cryptocurrency.” While Bitcon is merely a type of cryptocurrency, it was the first and is probably the best-known. However, there are many other cryptocurrencies, and one of the longest standing is Litecoin. 

Litecoin is a cryptocurrency that appeared beginning in 2011 as a source code fork of Bitcoin, but has now become a cryptocurrency in its own right. Like Bitcoin, Litecoin is a decentralized, peer-to-peer currency, where the decentralization means that its value is not determined by essentially the decree of a government or entity, the way traditional currency is. However, there are several key features that differentiate Litecoin and Bitcoin.

One of the main differences between Litecoin and Bitcoin is the mining algorithm that each uses. Litecoin uses a mining algorithm called Scrypt, instead of the algorithm known as SHA-256 that is used for mining Bitcoin. Litecoin’s maximum supply is also higher than Bitcoin’s. While Bitcoin’s maximum supply is 21 million, Litecoin’s is actually 84 million coins, so it has less artificial scarcity than Bitcoin. These are some of the factors to take into account when deciding which cryptocurrency you want to purchase. However, you can see that Litecoin, like Bitcoin, has been around for a relatively long time compared to some cryptocurrencies, and yet it maintains its relevance in 2023 and likely beyond.

Why Litecoin Still Matters in 2023

As mentioned, Litecoin is a cryptocurrency released in 2011, two years after Bitcoin. Litecoin has famously been nicknamed the  “silver to Bitcoin’s gold” because while Litecoin may not be as well-known as Bitcoin and may not be as widely used, it matters and it continues to be important in 2023.

One of the main reasons why Litecoin is still relevant in 2023, 12 years after it appeared on the scene, is its faster block generation time. Litecoin can generate a new block in two and a half minutes while it takes about ten minutes for Bitcoin to do the same. This means that transactions can be confirmed much more quickly on the Litecoin network, so if you’re looking for speed, you definitely may want to consider Litecoin over Bitcoin.

Finally, as cryptocurrencies have become more mainstream, the longevity of Litecoin in turn makes it perhaps more important in 2023 than some newer options. As more and more people begin to recognize the potential of cryptocurrencies, Litecoin is likely to be perceived as a legitimate option, such as with Bitcoin and other more established cryptocurrencies. For these reasons, Litecoin still has a place at the table in 2023. 

How to Use a Pelicoin ATM To Place Your Request To Buy Litecoin Instantly

Using a Pelicoin ATM makes it easy to start the process to buy Litecoin instantly and will take you through these steps at the machine: 

  1. The first step is to press "Buy Coins" on the ATM's start screen.

  2. Secondly, enter the amount in U.S. dollars to convert into cryptocurrency.

  3. Input your cell phone number on the ATM's keypad.

  4. Type into the keypad the verification code that you will receive on your phone.

  5. Choose which type of cryptocurrency you want to buy, in this case, Litecoin.

  6. Finally, choose where you want to receive your cryptocurrency - either by scanning a QR code, entering your wallet address, or creating a paper wallet right at the ATM.

With this simple process, you can use a Pelicoin ATM to get started with Litecoin right away! It’s important to note that while you put in your Litecoin request basically instantly via these simple steps, the blockchain still has to process your transactions before the coins will show up in your destination such as your digital wallet. This contributes to how long it takes to use a cryptocurrency ATM. However, keep in mind that the overall crypto purchasing process tends to be faster with ATMs than with exchanges, so this is definitely a good option if you need to obtain your Bitcoin quickly.

Buy Litecoin at a Convenient Pelicoin ATM Near You!

Pelicoin ATMs are the best place to request to buy Litecoin instantly in the Gulf South. One reason is that Pelicoin ATMs are widely available, with over 30 locations across 5 states, which means when you want to buy Litecoin, Pelicoin will be there! Check out our blog to learn more about Litecoin, Bitcoin and a wide variety of information about cryptocurrency in general and cryptocurrency ATMs specifically.