Casinos with Litecoin (LTC)

What Is Litecoin (LTC)?

Litecoin appeared in 2011 as the lite version of Bitcoin. Creator of Litecoin is Charlie Lee, a former Google employee. Litecoin is most popular for its incredible speed and extremely low transaction costs.

As many other cryptos, Litecoin is an open source crypto currency, fully decentralized meaning that there is no central authority governing its trends, fluctuations, etc.

Litecoin Casinos

Litecoin is one of the many cryptocurrencies, being released in October 2011 and is now in the digital asset top 10. The official abbreviation of Litecoin is LTC. Like all crypto transactions, you benefit from speedy deposits and withdrawals with minimal fees per transaction. Since the last few months, there are more and more casinos that accept the litecoin as a payment method. Is it a good or bad idea to use crypto on casino websites, that is the subject of this article.

Pros of Litecoin Casinos

There are countless reasons to give LTC a try, and here are just a few of them.

• Fewer geographical restrictions, no need about intermediaries to be exchanged, forget about banks and credit cards. All you need is a reliable VPN to register an account on casinos with LTC. Now you are completely free to wager even if the casino site normally wouldn’t accept users from your country. Some casino websites with LTC even let you play despite it being illegal in your location. That said, we do not explicitly encourage any kind of illegal or unauthorized activity. There are risks involved such as getting your accounts and funds frozen, meaning your account is suspended, and you have no access to your money.
• Most advantages for gamblers are shared with other cryptocurrencies. However, Litecoin is faster and more accessible than several of its crypto counterparts.

Best Litecoin Casinos

Litecoin has evolved into the new money in 2021. Litecoin is infamous for being to silver what Bitcoin is to gold. Developed as a faster and cheaper alternative to Bitcoin, it is often seen as its ´lighter´ counterpart. It is an attractive option for online casino players looking for a more accessible crypto coin. Transaction costs are lighter with Bitcoin than with Litecoin. As a result, many online casino websites accept LTC and you get your money almost instantly. Unfortunately, there are a significant number of dubious casino websites.

Some of the world´s best crypto gambling websites that let you play with Litecoin are BitStarz and Playamo casino. Both casinos offer very different gambling experiences, which means that some might be more suited for you than others.

Litecoin Bonuses

• At most casinos that accept Litecoin as a currency, you can regularly receive Litecoin bonuses and other rewards. Some Litecoin casinos offer welcome packages, where they give you a Litecoin bonus with your first deposits. Other Litecoin casinos let you win free spins on your first deposit, or even before you deposit. If you test the casino before risking your own coins, these bonuses can be a good choice. Since Litecoin is one of the most accepted cryptocurrencies in iGaming, you will find that you can use it at most casino games.
• Deposit bonuses in the Litecoin gambling space will always come with a wagering requirement. This is the amount of times that you need to wager the bonus funds before you can make a withdrawal.

Litecoin Varia

Litecoin is widely considered the little brother to Bitcoin, and is one of the favourite cryptocurrencies. Fast, fast, fast! Deposits and withdrawals in a matter of minutes.

Speed: you may be surprised to learn that Litecoin is 4 times faster than Bitcoin! Depositing with Litecoin is up to unbelievable 100 times less expensive compared to Bitcoin, because of the extremely low transaction fees. To you, as a depositing player, this means that your payments can be processed faster, approximately 56 transactions per second. This beats any other crypto today. Shorter confirmation times enhance security of the transaction, so we can safely say that Litecoin is becoming one of the best secured cryptos nowadays.

Bonuses

It is much cheaper for gaming sites to use cryptocurrency for payments. As a result, they can pass along the savings to you in the form of more aggressive bonuses. Some sites offer bonuses up to double the standard for those who choose to use LTC for their deposits.

Exchange

to Playing Currency: most casino sites don’t allow you to play in LTC. They force players to transfer to USD or Euro. Each transfer is based on an exchange rate which may shave a few points off here and there. If you want to avoid this, then you should be on the hunt for a site that allows for play in LTC.

How to buy LTC

The first step is to purchase some Litecoin. Here are the steps you have to make:

1. Head over to a trusted coin exchange like coinbase.com.
2. Provide basic information c.q. your name and preferred email, and choose a password.
3. Choose Litecoin (LTC) and then choose ´Buy´. At this point you will be required to submit ID, for example a picture of an official document like a passport or driver´s license.
4. You can purchase as much Litecoin as you need using one of several payment methods, including bank transfer, debit⁄credit card, PayPal, or any cryptocurrency in another wallet.
5. Finally, you receive a Litecoin wallet address. !!!Do not lose this address, or your balance of cryptocurrency will be lost forever!
6. So far, so good, you are ready to play.