Which ATMs Can I Buy Litecoin With?

Which ATMs Can I Buy Litecoin With?

As you do more research on cryptocurrency and want to add ATM trading into your investing strategy, you might be wondering, “which ATMs can I buy Litecoin with? Litecoin has been on the crypto market for long enough that serious investors are adding it to their crypto wallets as an investment. In addition to Bitcoin and Ethereum, investors should be looking into Litecoin as a quality addition to their portfolio. Litecoin was one of the first “altcoins” on the market, and it has stabilized much better than other altcoin options. This is why many hold Litecoin as a foundation for their altcoin exposure since it isn’t associated with the manic “hype” that surrounds many of the other options.

What is Litecoin?

Litecoin is one of the earliest altcoins to emerge in 2011 when the former Google engineer Charles “Charlie” Lee adapted Bitcoin’s open-source code after making additional modifications. Charlie saw cryptocurrency as the future, but he recognized a few limitations in Bitcoin. 

That’s when Litecoin was created, and it continued to have a beneficial relationship with Bitcoin, even though it was a slight adaptation from Bitcoin. For example, many helpful updates to Bitcoin were first tested on Litecoin, but Litecoin is not simply a “testnet” for Bitcoin; it’s an asset with a lot of potential on its own.

How is it Different From Bitcoin?

Bitcoin and Litecoin are “similar but different.” The core similarity is that they both utilize “proof of work” to mine currency and authenticate transactions. However, their exact cryptographic algorithms are where the differences lie. To simplify the process, Litecoin uses a computationally intensive algorithm, like Bitcoin, but the exact method used makes it more accessible for users to mine Litecoin.

It is much faster than Bitcoin, allowing a block to be added every 2.5 minutes, whereas Bitcoin requires around nine minutes before a block can be added. In addition, since there are a set number of transactions per block, the potential for everyday use of Litecoin could be higher than that of Bitcoin.

An additional difference is in the market capitalization of the two currencies. Bitcoin is substantially larger than any other currency, by far. At 2021 prices, Bitcoin is worth over 70 times more than Litecoin. Litecoin’s total currency limit is around four times that of Bitcoin’s, so the scarcity of Litecoin is much less than that of Bitcoin. 

Why Should I Use an ATM to Buy Litecoin?

Adding an ATM into your investing strategy is a great idea for extra security measures or routine deposit options. For example, many Crypto ATM users routinely make deposits on their daily commutes to dollar-cost average into the market. Because cryptocurrency is so volatile, Litecoin included, dollar-cost averaging is an investing strategy that minimizes the risk associated with volatility. Essentially, you make smaller investments over a more extended period, so your portfolio isn’t affected if you make a significant investment followed by the market going down.

Investors should also know ATM locations as an extra method of accessibility to their investments. Crypto investing apps are a great way to access your investments, but they rely on the server of a third-party company to trade cryptocurrency. If the servers of the company you use to trade cryptocurrency with fail, going to a crypto ATM gives many investors the peace of mind they need to invest in Litecoin or other cryptocurrencies. 

Why is Pelicoin the Best ATM to Buy Litecoin? 

Other ATMs near you might give you the option to buy Litecoin, but Pelicoin ATMs are the best ATMs for buying cryptocurrency because they do not use third-party apps or software like all the other crypto kiosks do. Because of that scenario mentioned previously where a company’s servers fail, crypto ATMs don’t do a lot of good if they require you to make an account or use an app to access your money.

Pelicoin ATMs allow you to trade cryptocurrency directly, so your crypto ATM can serve the purpose it was intended to do. With Pelicoin, you can easily make withdrawals or deposits at your convenience. We place our ATMs in common, well-lit areas that are open 24/7, so you can be sure you’ll have access regardless of the time.

Crypto ATMs, like regular ATMs, should give you better access to your money, and that’s the mission of Pelicoin. We do not require you to make any additional accounts with us as our competitors do, and we solely serve the purpose of increasing your crypto accessibility. If you want to grab some cash for a night out with your friends or family, Pelicoin makes that easy and quick. Or, if you routinely use cash and want the convenience of routinely depositing excess cash straight into your investment account, many of our customers use our machines in that way as well.

If you’re asking yourself, “which ATMs can I buy Litecoin with?” you don’t need to look any further than Pelicoin.

Visit Your Nearest Pelicoin ATM

Litecoin is one of the cryptocurrencies serious investors should consider as an addition to their crypto wallets. With how much hype is surrounding many of the altcoins on the market, Litecoin has stood the test of time and offered steady returns. Doing your research on a few altcoin additions can help round out your investment portfolio, and that’s why we offer Litecoin at our ATMs.

Visit your local Pelicoin ATM to invest in Litecoin, Bitcoin, or Ethereum. With our modern ATMs, you’ll have access to the latest technology that will allow you to trade cryptocurrencies effortlessly. With the direction our economy is heading, Pelicoin has committed to investing in the future of the Gulf South. With our machines spanning the entire Gulf South, you’ll be able to access Pelicoin ATMs at any of our locations.