Sell Litecoin for Cash Guide 2023

  • By Ian Cheeseman
  • September 29, 2023
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In today's digital era, cryptocurrencies like Litecoin are fast becoming a popular choice for investors and tech enthusiasts alike. With its increasing acceptance, there's a corresponding rise in platforms and infrastructures that facilitate its use — and ATMs specialized for Litecoin transactions are no exception.

If you're a newcomer to the realm of Litecoin or just someone looking to understand the intricacies of using a Litecoin ATM, this guide is tailored just for you.

Selling Litecoin for cash is easier than you might think, especially with Localcoin's user-friendly ATM network. This guide provides a detailed step-by-step walkthrough on how to securely exchange your Litecoin for cash, ensuring that even the most novice user can navigate the process with confidence and ease.

6 Steps to Sell Litecoin for Cash

Selling Litecoin for cash is easier than you might think, especially with Localcoin's user-friendly ATM network. Whether you're looking to cash out your Litecoin holdings or simply want to explore the process, the guide's got you covered. Here's a step-by-step guide on how to sell Litecoin for cash at a Localcoin ATM:

1. Get a Litecoin Wallet

Before you start, make sure you have a Litecoin wallet ready. It is recommended to use a reliable mobile wallet, web wallet, or hardware wallet that supports Litecoin. Ensure you understand how to send Litecoin to a QR code.

Note: It is highly recommended to send Litecoin from your personal wallets, such as Trust Wallet, Blue Wallet, or Exodus, rather than from an exchange like Shakepay, Coinbase, or Newton, as exchange withdrawals may be subject to delays.

2. Find Your Closest Localcoin ATM

Locate the nearest Localcoin ATM that supports Litecoin transactions. Simply use the ATM locator on Localcoin's website and enter your address or postal code to find the closest one to you.

3. Select "Sell"

Once you've found a Localcoin ATM near you, approach the machine and follow these steps:

  • Tap the machine's touchscreen.
  • Read the on-screen prompts.
  • Select the cryptocurrency: Litecoin.
  • Choose "Sell."
  • Enter your phone number and the one-time passcode delivered to you via SMS/text.

4. Select Amount to Sell

Specify the amount of Litecoin you wish to sell. You can do this in intervals of $50 CAD or $100 CAD. Use the "+" and "-" buttons on the screen to adjust the amount. Confirm the transaction by tapping "Sell Litecoin."

Please be aware that a service fee applies, which may vary based on the crypto market.

5. Send Litecoin

The machine will display a QR code that contains both the receiving address and the correct Litecoin amount encoded in it. Using your mobile wallet, scan the QR code, and the LTC value will already be populated. Send the Litecoin to the displayed QR code.

You will need to wait for your transaction to be confirmed on the Litecoin blockchain. Once it's ready, you'll receive a text message indicating that your withdrawal is ready.

6. Receive Cash

Once you've received a text message confirming your withdrawal is ready, follow these final steps:

  • Tap the machine's touchscreen.
  • Tap the Litecoin icon.
  • Select "Withdrawal Cash."
  • Enter your phone number and the one-time passcode delivered to you via SMS/text.
  • Choose the transaction you'd like to withdraw, matching the transaction ID texted to you earlier.

Your cash will be dispensed, and you're ready to use it as you wish! Selling Litecoin for cash at a Localcoin ATM is that straightforward!

Conclusion

Converting your Litecoin to cash from a Localcoin ATM is a testament to how far the world of cryptocurrency has come — transforming complex digital transactions into simple, everyday activities. By following the steps outlined in this guide, users can ensure they're making the most of this technology, accessing their Litecoin safely and efficiently.

Remember, every step taken to understand and utilize this technology is a stride toward a more integrated digital future. into cash. However, coupons are occasionally provided, so keep an eye on Localcoin's Twitter, Instagram, and Facebook so you can keep up to date on all of the coupons offered.

If you're ready to convert your cryptocurrencies into cash, Localcoin offers Bitcoin ATMs across Canada where you can securely and easily withdraw your digital assets. Localcoin ATMs provide a convenient way to access your crypto funds and convert them into physical currency. 

Whether you're looking to cash out a portion of your holdings or completely liquidate your cryptocurrencies, Localcoin's network of Litecoin ATMs is here to assist you in the withdrawal process. 

Find the closest Localcoin ATM and start withdrawing your crypto with confidence!

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