Do you make frequent purchases at a Bitcoin ATM?
A large percentage of Athena customers buy small amounts regularly.
Read below to see how you may be able to save on fees and keep more of your own money:
If you send from the ATM directly to a third-party...
Use Litecoin (LTC) or Bitcoin Cash (BCH) for purchases below $20
Use Bitcoin Cash for any amount
Our exchange fee for bitcoin cash is the smallest of the three at 10%. You’ll save on any size purchase over Bitcoin when sending to a destination that supports Bitcoin Cash (BCH) addresses (beginning with “q” or “p”).
If you send from the ATM directly to your own wallet…
Use “3” or “bc1” addresses whenever possible
Bitcoin (BTC) was upgraded in 2017 to support a new transaction and address format called “segwit”. Segwit-compatible wallets are more and more common these days (we recommend Edge, Exodus, or Coinomi). You can usually tell if you have a segwit-compatible wallet if the address it generates for you begins with “3” or “bc1”. Traditional Bitcoin wallets generate addresses beginning with “1”.
By receiving bitcoin into a segwit address, you will save up to 40% on network fees when sending bitcoin to your destination!
Example Bitcoin addresses that save you on fees:
Example Litecoin addresses (fastest transfers):
Example Bitcoin Cash address (lowest fees overall):
Addresses are for illustration only. Screenshots taken from the Coinomi mobile wallet.
Have questions about any of this? Give us a call or tap on the Help button below!