Litecoin is an alternative cryptocurrency that’s been rising in popularity the last few months and is expected to continue being popular. It was created in 2011 by Charlie Lee, a former Google Engineer. It uses some of the same source codes as Bitcoin and uses a blockchain to operate. The network itself is much faster, and it has a higher supply cap.
Many residents of Los Angeles have seen a variety of ATMs pop up that can be used for both Litecoins and Bitcoins. The Litecoin ATM has many benefits over traditional online wallets, which is why they’re popping up all over California and beyond.
Silver and Gold
If you’re like many who have jumped on the Bitcoin bandwagon, you’re sure to realize the potential of having ATMs where you can buy or sell bitcoins. In a sense, the bitcoins are considered gold or paper money while the Litecoins are considered the change or silver. You aren’t required to go to a Litecoin ATM, as you can use any Bitcoin Depot ATMs out there. While many people are still working on getting them in stores, they should all work with Litecoins and Bitcoins, giving you a hassle-free experience.
If you do choose to work primarily with Litecoins, you should expect lower transaction fees. Litecoins tend to cost less, approximately $314 as of the end of the year and Bitcoin costs about $15,000 as of the end of the year; you can see why Litecoins would have a lower transaction fee. They are worth less, so it may be best to hold both Litecoins and Bitcoins, allowing you the luxury of choosing which type to use for each transaction you make.
A Litecoin ATM allows you to buy and sell wherever depots are located. Visit RockItCoin in Los Angeles and buy Litecoin and learn more about today.
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