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No one can deny the vivid interest that the casino industry has developed in crypto gambling recently. A lot more punters are beginning to join the crypto team, and it is only a matter of time until it takes over completely. While there are over 900 cryptocurrencies in the financial market, Litecoin is one of few outstanding ones.
This review will explain all you need to know about this.
Best Litecoin Casino Sites
Introduction to Litecoin
Litecoin, popularly known as LTC, is easily the best similar cryptocurrency to Bitcoin. Launched in 2011, this digital coin was made to solve Bitcoin’s problems during its time. You won’t go wrong when choosing to play at Litecoin casinos.
This was the original purpose of the coin, and yes, it did exactly what it was made to do. Now, it is confirmed that Litecoin is several times faster and cheaper than Bitcoin.
This can be seen in the difference in transaction time of both currencies, with Bitcoin having a ten-minute average compared to Litecoin’s 2.5 minutes. Litecoin is also cheaper, with an average fee of $0.0024 per transaction, to Bitcoin’s $0.68 per transaction.
Although Litecoin has not always been a popular cryptocurrency, it rose to its all-time high in 2021. When punters started to use it in casinos, they quickly realised that this currency elevated their gameplay to an advanced level far from what they got in traditional casinos.
Litecoin is not related to any bank, which is why they are so swift in confirming transactions. Instead, they are run by a network of computers run by fellow users in real-time.
How to use Litecoin
Using Litecoins in online casinos is not so difficult. It might sound technical, but the processes are simple.
If you follow the steps below, you will find the process done in a few minutes:
The first step to using LTC in a casino is making sure you have actual currencies to trade. Be careful about where you buy these coins because each service has its fees or commissions that they charge for every exchange. You want to make sure to choose a service you can afford.
Now that you have purchased Litecoins, the next step is to find an online casino where you can trade these currencies. You can easily look through our above list to find platforms that offer the use of coins for ease and convenience while gambling.
After choosing an LTC casino for your gameplay, you need to create an account and register your profile to start trading.
Once this is done, head to the cashier section of the casino and click the deposit icon. A list of payment methods will be presented to you. Choose Litecoin.
Once you enter the amount you want to deposit, it is time to enter your wallet address so the funds can be deducted straight from your crypto account. The funds will be moved directly from the address to your casino account. You have to authorise payment, and the transaction is done.
Litecoin Casino Bonuses
There are different types of bonuses that you are entitled to as a gambler in these Litecoin casinos. Some of these bonuses are given only once, while others keep recurring, especially for loyal customers of the site:
Welcome bonuses are the most frequent bonuses that you will find in these online casinos. They are usually given to new customers on the site to welcome them to the site.
Competition is high in the Casino industry these days, and Litecoin casinos must give these bonuses to attract and keep their clients on the site.
It is a fantastic means of boosting your bankroll and is a great way to kickstart your gambling activity. The most common type of welcome bonus is the match deposit, and in this one, the more you deposit, the more bonus you receive.
For deposit bonuses, online Litecoin casinos award them to clients according to a certain percentage. For instance, some casinos might offer you a 100% bonus on your first deposit. This is called a match deposit.
For example, a casino offers a 100% match deposit. If you make a payment of $20, you will get another $20 as an addition to your bankroll.
Free spins are the most popular types of bonuses in an online casino. These spins are given to help you play your favourite games without having to make any investment. These days, you can never really trust the quality of a casino game library.
After making a deposit, you might find out that you do not like the nature or graphics of their games, but you have already made a deposit. With free spins, you can test the graphics, quality, and payout before making any investment.
Whenever you embark on any online activity that involves the exchange of financial or personal information, security should be your utmost concern. Using cryptocurrencies might seem like the right path to take when staying safe and secure in online casinos. This is because there are several layers of encryption and verification for deposits and withdrawals.
When it comes to the fairness of their games, Litecoin casinos give players from all over the world the freedom to assess the fairness of their games by using the provably fair algorithm.
This uses a particular blockchain special code and cryptographic technology to provide the fairness of their software.
Besides games, your overall user information is well protected using SSL encryption and 2FA. SSL encryption is a standard security tech used by casinos and other agencies to establish a secure connection and create an environment of trust.
There is also 2FA that grants an added security layer where you need to provide an extra question with a personal answer that only you know. This question would be asked during withdrawals or transfers to safe-keep your funds. Without an answer to this, no financial transaction can take place.
Another important aspect of safety is to make sure you only gamble at licensed Litecoin casinos. A licensed casino is fully regulated and operated under the jurisdiction of a trusted gambling commission. Gambling and investing in casinos like this is only a way of ensuring you are safe and secure.
These are payments given to the experts who mine the blocks used in the network. They work tirelessly to ensure that all transactions are checked and valid.
Yes. Gambling with LTC is generally accepted, and you will face no legal issues with this. Just find a reliable casino, purchase the coin, and start playing.
Yes. Gambling with LTC provides more advanced gambling features than traditional casinos. You will enjoy faster payments, automated cashouts, and next-level security.
There are several exchange platforms and brokers where you can buy LTC for your gambling activities. Make sure you do thorough research before choosing the best platform.
Depositing LTC in online casinos is not a complicated process. Just choose a casino and head to the banking section. There you’ll find very extensive guidelines on what to do.
Yes, of course. You are eligible for casino bonuses regardless of the payment method used in the casino. You will get welcome bonuses, deposit bonuses, free spins, etc.
As a gambler, you’re the only one who knows your gaming preference. Make sure you choose a casino that meets all your needs and provides the best experience.
It is pseudo-anonymous. While your data will not be exposed, your activities will still be monitored on a public blockchain.
Pros and Cons of Litecoin
There’s no doubt that online Litecoin casinos have their pros and cons. We’ve gathered various pros and cons to Litecoin casinos which can be found below:
Similar Services to Litecoin
|Payment Methods||Processing Time||Features|
|Bitcoin||Instant||Widely accepted. Number one crypto|
|Ethereum||Instant||Safety and security. Speedy transactions|
|DogeCoin||Instant||High-level protection and privacy|
|Bitcoin Cash||Instant||Instant deposits and withdrawals|
Security in Litecoin Casinos
The security in LTC casinos is second to none. Although you should still be careful when making financial transactions, you can rest assured that blockchain technology is safe and secure.
All your personal and banking information is safely stored in a cryptographic network with no chances of security breach or compromise.
Check through our list and join the best Litecoin casino today!
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