As cryptocurrency continues to grow in popularity, many people are looking beyond Bitcoin and exploring other digital assets like Litecoin. Known for its faster transaction times and lower fees, Litecoin has become one of the top choices for both beginners and experienced traders. If you’re looking to buy Litecoin, you’re in the right place! RockItCoin makes it simple and secure to purchase Litecoin through its network of Bitcoin ATMs and its convenient mobile app.
In this guide, we’ll walk you through everything you need to know about buying Litecoin using RockItCoin Bitcoin ATMs and the RockItCoin mobile app. Plus, we’ll explore why Litecoin is a great cryptocurrency to consider and provide a breakdown of your options for storing it securely.
What is Litecoin?
Litecoin is a cryptocurrency created by Charlie Lee in 2011 as a faster alternative to Bitcoin. While Bitcoin is often viewed as “digital gold,” Litecoin is sometimes referred to as “digital silver” because of its quicker transaction times and lower transaction fees. It’s built on a similar blockchain to Bitcoin but is designed to be more scalable, making it an appealing option for daily transactions.
How Does Litecoin Work?
Just like Bitcoin, Litecoin operates on a decentralized, peer-to-peer network. However, it uses a different algorithm called Scrypt, which makes mining Litecoin less resource-intensive compared to Bitcoin’s SHA-256. This allows Litecoin to process transactions more efficiently.
Why is Litecoin Popular?
Faster transactions: Litecoin processes transactions about four times faster than Bitcoin, with an average block time of 2.5 minutes compared to Bitcoin’s 10 minutes.
- Lower fees: Sending or receiving Litecoin typically costs much less in transaction fees compared to Bitcoin, making it ideal for microtransactions and everyday use.
- Widely accepted: Many cryptocurrency exchanges, wallets, and platforms, including RockItCoin, support buying, selling, and storing Litecoin.
Given these advantages, Litecoin has gained a strong foothold in the cryptocurrency market, making it one of the top 30 cryptocurrencies by market cap. Whether you’re interested in buying Litecoin as an investment or using it for transactions, RockItCoin is here to help you every step of the way.
Why Buy Litecoin?
There are several reasons why people choose to add Litecoin to their crypto portfolio:
Low Fees and Fast Transactions
As mentioned earlier, Litecoin offers much lower transaction fees compared to Bitcoin and Ethereum. This makes it a great choice for people who want to move money quickly and without paying high fees. Litecoin’s faster transaction times also mean you won’t have to wait as long for your transfers to be confirmed, which can be important for businesses and individuals who need to move crypto quickly.
Increasing Adoption of Litecoin
Over the years, Litecoin has seen increasing adoption by merchants, payment processors, and cryptocurrency platforms. This growing acceptance means you can use Litecoin to make payments or transfer funds more easily than ever before. Additionally, Litecoin is supported by major exchanges and wallets, making it a convenient option for storing and transacting cryptocurrency.
Proven Longevity
Litecoin has been around since 2011, making it one of the oldest cryptocurrencies in the market. Its long history has built a solid foundation of trust and reliability. Litecoin’s staying power demonstrates that it’s not just a trend—it’s a long-term player in the cryptocurrency space.
How to Buy Litecoin at RockItCoin Bitcoin ATMs
Buying Litecoin at a RockItCoin Bitcoin ATM is a fast and straightforward process. With over 2,000 RockItCoin Bitcoin ATMs across the United States, you’re likely to find one near you. This is especially convenient if you prefer to purchase cryptocurrency using cash.
Here’s how you can get started:
Step 1: Find a RockItCoin ATM Near You
To locate your nearest RockItCoin ATM, use the RockItCoin ATM locator on the website. Simply enter your location, and the tool will show you the closest ATMs available.
Step 2: Verify Your Identity
Visit the ATM location. Depending on the amount of Litecoin you’re buying, the ATM may prompt you to verify your identity. This process involves entering a phone number and scanning a government-issued ID.
Step 3: Select Litecoin
Once you’ve verified your identity, select Litecoin as the cryptocurrency you want to purchase.
Step 4: Scan Your Wallet
If you have a Litecoin wallet on your phone, have it ready. You can scan your wallet’s QR code using the barcode scanner above the keypad. If you need a Litecoin wallet, download the RockItCoin app.
Step 5: Insert Cash
Next, insert the cash amount you wish to use for your purchase. RockItCoin ATMs accept various amounts, making it flexible for all types of buyers. You can start with as little as $10!
Step 6: Receive Litecoin
After completing the transaction you will get a receipt and the Litecoin will be sent directly to your digital wallet.
Looking to buy Litecoin? Find a RockItCoin ATM near you today and get started 🡢
How to Buy Litecoin Using the RockItCoin Mobile App
If you prefer to buy Litecoin from the comfort of your home, the RockItCoin mobile app offers a simple way to do just that. Available on both the App Store and Google Play, the app allows you to buy Litecoin anytime, anywhere.
Step-by-Step Guide to Buying Litecoin with the RockItCoin App
Step 1: Download the RockItCoin App
First, download the RockItCoin app from your preferred app store. The app is free and easy to install.
Step 2: Create an Account
Once the app is installed, create an account by following the on-screen instructions.
Step 3: Choose Buy with a Credit or Debit Card
In the Buy menu, choose the option titled ‘Buy online with a credit or debit card’.
Step 4: Select Litecoin
In the app, choose Litecoin as the cryptocurrency you want to buy. You’ll be able to view the current price and decide how much you want to purchase.
Step 5: Choose a Payment Method
RockItCoin offers several payment methods, including credit card, debit card, Apple Pay and Google Pay. Choose the method that works best for you.
Step 6: Complete the Purchase
Once your payment is processed, the Litecoin will be transferred directly to your wallet. You can store it in the RockItCoin app or transfer it to an external wallet for safekeeping.
Download the RockItCoin app now and start buying Litecoin in minutes 🡢
Litecoin Wallet Options
Before you buy Litecoin, it’s essential to choose a secure wallet for storing your cryptocurrency. Here are some of the most popular wallet options:
Software Wallets
These are digital wallets that you can download to your computer or mobile device. They’re convenient for everyday transactions and are typically free. One great example of a software wallet is the RockItCoin app, which you can download on the App Store and Google Play.
Hardware Wallets
If you’re looking for extra security, a hardware wallet might be the right choice. These are physical devices that store your crypto offline, making it nearly impossible for hackers to access your funds. Popular brands include Ledger, Trezor, and NGRAVE.
No matter which wallet you choose, ensure you set up strong security measures, including a secure password and two-factor authentication (2FA).
Why Choose RockItCoin to Buy Litecoin?
When it comes to buying Litecoin, you want a trusted partner with a proven track record. Here’s why RockItCoin is the best choice for purchasing Litecoin:
- Nationwide Coverage: With over 2,000 Bitcoin ATMs across the United States, we make it easy to buy Litecoin wherever you are.
- Easy-to-Use Mobile App: Our app lets you buy Litecoin with just a few taps, no matter where you are.
- Customer Support: Got questions? Our customer support team is available to assist you with any issues or inquiries.
Choose RockItCoin for a fast, secure, and reliable way to buy Litecoin today 🡢
Whether you’re using a RockItCoin Bitcoin ATM or the mobile app, buying Litecoin has never been easier. Litecoin offers a faster, more cost-effective way to transact in the world of cryptocurrency, and with RockItCoin, you can purchase it safely and conveniently.
Start building your Litecoin portfolio with RockItCoin today!
