Casinos with Litecoin

Casinos with Litecoin

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.

Fees

$0.0024

Deposit Time

Instant

Withdraw Time

Instant

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Best Litecoin Casino Sites

Best Litecoin Online Casino Sites in Asia

10

Introduction to Litecoin

Introduction to Litecoin

 

Litecoin for online casino gambling

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 Litecoin Works

Understanding How Litecoin Casinos Work

Litecoin Casinos LogoLitecoin casinos are sites that allow users to perform all their gambling activities using Litecoin.

If you’re new to crypto gambling, you don’t need to worry too much. These Litecoin casinos operate like traditional casinos, with only a few modern features.

Transactions at these Litecoin casinos are confirmed using blockchain technology, a decentralised database. The Litecoin technology collects your gaming information in blocks; these blocks have certain storages that, when filled, close and link up with the previous one, forming the blockchain network.

All your new gambling information is entered into another block set and fills up again. All these blocks are held in a chain by cryptography, which is a method of securing information in the blockchain network from unauthorised access.

Again, you need to purchase Litecoin before using them in online casinos. Before venturing into this, be sure to do adequate research because this is the point where many people make mistakes. Make sure you choose a broker or exchange service that is affordable for you.

Another major factor to consider is wallets. Before you can trade Litecoin, you need a crypto wallet. Since these currencies are not physical currencies that can be stored in banks or purses, you need a safe wallet to keep them.

Again, you should know that you are not storing the actual currencies in these crypto wallets. What you are storing are physical keys connected to the Litecoins on the blockchain.

How to use Litecoin

How to use Litecoins at an Online Casino

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:

1

Purchase Litecoins

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.

2

Find an LTC Casino

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.

3

Make a Deposit

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.

4

Enter Address

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

Bonuses at Litecoin Casinos

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

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.

Litecoin 300% deposit bonus welcome package

Deposit Bonuses

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

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.

Litecoin Safety

Is Litecoin Safe to Use?

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.

Use Litecoin at casinos online

Litecoin casinos online

Pros and Cons of Litecoin

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:

Pros

  • Speed
  • Affordable
  • Transparency

Cons

  • Irreversible Transactions

Pros

  • Speed: Litecoin was created to solve all of Bitcoin’s problems, one of which is speed. Many people might not know this because Bitcoin is the number one cryptocurrency in the market right now. Still, Litecoin is four times faster than Bitcoin when processing payouts in casinos. The BTC average processing time is 10minutes, while Litecoin is 2.5minutes.
  • Affordable: Besides being faster than Bitcoin, Litecoin is cheaper. This would be more favourable for you when using it in an online casino. Bitcoin’s charges cap at $0.68, while Litecoin caps at $0.0024. The difference is clear. This is to tell you that Litecoin fees will be much more affordable during an exchange or trade than many other cryptos.
  • Transparency: It is difficult to find a transparent casino with all its activities these days. There are now a lot of scam websites these days posing as reliable casino sites. With Litecoin casinos, transparency is upheld, as you can see all the activities taken by the casino on the blockchain network.

Cons

  • Irreversible Transactions: Unlike your traditional casino payments, where you can easily call customer care or your banking institutions when you make an erroneous transfer, the same can not be said for litecoin casinos. Any payment made on the network can neither be traced nor reversed. While mistakes are understandable, they can be costly on the website.

Alternative Cryptos

Alternative Payment Methods to Litecoin

You might find that Litecoin isn’t the right crypto for you, but there’s no need to worry. There are multiple other cryptocurrencies for you to choose from. Let’s go over the most popular:

Bitcoin Logo for Litecoin casinos

Bitcoin

An ideal alternative, Bitcoin is the most widely accepted cryptocurrency for payments in the online casino industry. It is perfect for speedy transactions, and offers high levels of privacy and security. You can also score some interesting bonuses with this option and qualify for higher transaction limits.

Ethereum Logo for Litecoin casinos

Ethereum

If you are looking for faster deposits and withdrawals for gambling on decentralised crypto casinos, then Ethereum is the best crypto coin to use. It is secure, transparent, and requires no extra charges for processing payments. The only downside to using this option is the slightly higher gas fee.

Dogecoin Logo for Litecoin casinos

Dogecoin

This is one of the more preferred crypto gambling coins because of the swift network it uses for processing transactions. It is extremely popular in the crypto community due to an endorsement from Elon Musk on twitter. It also uses a safe and secure security system and is widely accepted by crypto casinos.

Similar Services to Litecoin

Other Similar Services to Litecoin

Payment MethodsProcessing TimeFeatures
BitcoinInstantWidely accepted. Number one crypto
EthereumInstantSafety and security. Speedy transactions
DogeCoinInstantHigh-level protection and privacy
Bitcoin CashInstantInstant deposits and withdrawals

Security in Litecoin Casinos

Enjoy Next Level Security by Playing in Litecoin Casinos Today

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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