Unquestionably, there has been a recent increase in interest in cryptocurrencies, which is why online Litecoin casinos are becoming more popular. You’ve come to the proper size if you’re trying to choose a Litecoin casino of repute. Our experts are available to offer advice on how to play Litecoin casino games and what other games are available on these websites.
Litecoin, abbreviated LTC, is a type of cryptocurrency, which means that there are no actual coins or bills to be found; it only exists in a digital version.
And as you would have anticipated, Litecoin, the “silver” to Bitcoin’s “gold,” triumphs in all categories since it is both quicker and less expensive.
Similar to Bitcoin, Litecoin is decentralized and not controlled by any bank, government, organization, or company; instead, a network of computers (operated by verified people) verifies your transfers in real-time. However, Litecoin casinos functions almost exactly the same way as Bitcoin in terms of gambling.
The idea behind Litecoin was created by Charlie Lee, a former Google employee, and it was first launched in October 2011. The new altcoin, which was a fork of Bitcoin, was intended to provide consumers with quicker transaction speeds and lower transaction rates, both of which it did right away.
Despite being a well-known cryptocurrency that managed to hit a peak of C$4 in 2014, Litecoin’s value was very low from mid-2014 and the beginning of 2017. However, things were about to change. By the end of 2017, a new wave of interest in cryptocurrencies caused the price of LTC to soar to C$375.
However, as ardent cryptocurrency enthusiasts are undoubtedly aware, Litecoin was not without controversy.
When Litecoin was at its market peak, its creator, Lee, “sold and donated” all of his Litecoin tokens, leaving others to wonder if everything was about to fall apart. Thankfully, it hasn’t; the interest of the general public in the alternative coin has never decreased, and Litecoin continues to be a well-liked digital investment for many individuals all over the world.
Litecoin casinos are online gambling establishments that accept LTC as a form of payment.
Blockchain technology is used to verify Litecoin casinos transactions, creating a decentralized database that is open to all users. This increases the difficulty of hackers stealing your virtual cash or data and ensures the security of all of your transactions.
If you’re unfamiliar with the exciting world of cryptocurrency gaming, don’t worry too much; in fact, the majority of them operate pretty similarly to traditional online casinos.
Before you can begin playing when you sign up for an Litecoin casinos, you must first register, supply some personal information, and make a deposit. On the website, there will also be bonuses and games arranged in a like manner. Additionally, it has customary security measures in place, including a reliable license that enables it to function lawfully.
However, one of the primary distinctions is that Litecoin-accepting casinos are still a relatively recent development. These casinos occasionally disclose their software algorithms to demonstrate that everything is provably fair in an effort to fight the mistrust some people still have for cryptocurrencies. This is an unheard-of practice for the majority of traditional internet casinos.
Getting your hands on Litecoin tokens and putting them in a cryptocurrency wallet is the first step towards engaging in Litecoin gambling, not registering with an LTC casino.
But how does everything function? We look at how to buy Litecoin, where to keep it, and how to use it in detail below.
You can add Litecoin to your portfolio using one of four major methods:
Most online casinos that take LTC offer their customers generous bonuses. This is because paying the casino with a cryptocurrency rather than a fiat currency is less expensive and quicker. As a result, the savings are transferred to you in the form of bonus money, which you can use to play at the casino.
That sounds like a case where both the casino and you will benefit!
One minor point, though: These incentives are rarely referred to as LTC casino no deposit or welcome bonuses. This is so that gamers can play at the majority of Litecoin casinos that accept Litecoin deposits by first exchanging their cryptocurrency for fiat money.
The casino will then be able to provide you with all of the customary casino incentives, such as welcome bonuses, cashback, free spins, and no-deposit bonuses.
H2 How To Choose a Litecoin Casino
While having several options on the market might be beneficial, we also recognize that some of our readers may be overawed by the sheer amount of Litecoin casinos accessible and be unsure of how to choose the one that best suits their interests and budget.
Fear not; we’re here to assist. Our team of professionals can attest that each of the Litecoin casinos mentioned on this page is reliable, legitimate, and secure.
This is crucial whenever you play real money casino games online, but it’s much more crucial when it comes to cryptocurrency casinos because that’s where scammers are more likely to be hiding.
And if you want to conduct your own research, make sure to check the following:
Check to see if the Litecoin casinos you want to play at have a license from a trustworthy authority. A casino that has genuine credentials means that it adheres to a set of rules that are ultimately designed to keep you safe. You are more likely to find support for Litecoin gambling at Curaçao casinos than at UKGC casinos, Malta betting pages, Gibraltar betting pages, or Swedish casino websites.
One of the greatest methods to judge the reliability of your Litecoin casino is to evaluate the customer service team’s responsiveness by sending a message via any of their available channels, including email, phone, and live chat.
Ideally, your preferred LTC casino should provide all of them around the clock so you can promptly address any problems with deposits, withdrawals, or account verification.
Always keep an eye out for crypto casinos that use provably fair software, which makes them the safest on the market by preventing both players and the casino from cheating at Litecoin games.
This kind of extra security precaution is usually a sign that casinos value their patrons. The top Litecoin casinos in Europe and other regions also receive fairness accreditation from a third-party testing organization, such iTech Labs, GLI, or eCOGRA.
A reputable casino only associates with reliable and trustworthy game developers. Think of it as the expression “tell me who your buddies are” in the context of gaming.
These providers use RNG technology (Random Number Generator) to ensure fair and entirely random chances for each spin, in addition to developing fantastic new games that excite the senses. You can trust that this technology and the games’ highest RTP scores are constant across the board because the online casino cannot alter them.
NetEnt, Evolution Gaming, NOVOMATIC, Greentube, Blueprint, Micrograming, Endorphina, Playtech, Wazdan, Pragmatic Play, and Red Tiger Games are a few of the top game developers you may find.
Making deposits and withdrawals with Litecoin is really simple and quick, which is a nice feature.
Even while setting up a transfer takes the same amount of time as using your credit card or e-wallet, Litecoin transfers provide more security, quicker transaction speeds, and the chance for better bonuses.
The process is as follows:
You merely need to adhere to a few fundamental procedures to begin Litecoin gambling:
So you were successful in your most recent Litecoin gambling endeavour; well done! It’s now time to withdraw your money, and we assure you that it will be just as simple:
Players at Litecoin casinos have not assessed any fees while making deposits or withdrawals in LTC as opposed to other currencies.
Litecoin itself has some fees, but they are surprisingly minimal. Any cryptocurrency that uses Blockchain technology for transfers incurs network fees, which change based on how active the network is at any given moment.
If your cryptocurrency wallet converts your Litecoin into fiat cash, they may charge you additional fees (often a % of the amount you will be sending).
Having said that, even when you add up all of these figures, the charge you are looking at is only a few pounds, dollars, or euros, which is negligibly small in comparison to the amount you are moving.
To be sure you are getting a decent deal, though, always make sure to read the terms and conditions of your cryptocurrency wallet and your preferred LTC casino.
Advantages of Using Litecoin to Gamble
Faster Withdrawals: Since Litecoin doesn’t have any connections to banks or other institutions, transactions are processed through a decentralized computer network that doesn’t distinguish between working and non-working days. As a result, bitcoin transactions usually complete faster than those made using traditional payment methods.
Superior Bonuses: Gambling businesses who take cryptocurrencies have discovered that using these payment methods actually helps them save a lot of time and money. As a result, many LTC casinos frequently give welcome bonuses that are bigger than those offered when using fiat cash.
Lower Fees: Compared to many traditional payment systems and other cryptocurrencies, including Bitcoin, LTC transaction fees are significantly lower. It all adds up, even if the difference is only a few pence!
Security: By leveraging one of the safest networks now in use, blockchain technology, you are significantly boosting the casino’s already strong security procedures. As a result, it is much less likely that your money will be stolen.
Privacy: All Litecoin transactions are anonymous since they use a public wallet number rather than your personal information. In this case, authorities might still be able to identify you, but regular people almost certainly won’t.
Disadvantages of Using Litecoin to Gamble
Not Accepted at All Casinos: Although the proportion of casinos accepting LTC is growing, it is still a minority.
Licensing: Some cryptocurrency casinos, including Litecoin casinos, lack the necessary licenses, which means that by playing there, you run the risk of endangering both your personal safety and your financial assets. You must therefore be sure to only sign up with reputed casinos. In order to save you time, we have listed a number of legitimate and authorized LTC casinos above.
Gain in Value: The value of cryptocurrencies can vary significantly from day to day due to their extreme volatility. Some gamers can become concerned because of this that their deposits would not last very long.
Playing Currency: The majority of websites that accept LTC deposits do not permit users to use LTC to wager. This may imply that you will need to use a cryptocurrency wallet so that you can make payments in LTC, but the casino receives your monies in fiat currency, or else the casino will swap the funds for you. The exchange rate might not always be advantageous in either case.
Is Litecoin any different from other cryptocurrencies, you might be wondering. Does it have any noteworthy benefits when taken for gambling?
When evaluating Litecoin against other cryptocurrencies, we consider factors including security, transfer speed, fees, and global coverage.
Let’s begin with the parallels: Both Bitcoin and Litecoin are decentralized digital currencies that track, verify, and perform transfers using blockchain technology. Both of them can be bought, mined, and utilized in some capacity for gambling.
Good news thus far, What about the variations, though?
Litecoin was created to address two allegedly key problems with Bitcoin: the cost of each transaction and the processing time for each transaction.
But everything has a serious fault. Scrypt is a new sort of algorithm that Litecoin uses to speed up transactions, however, it is less secure than the SHA-256 algorithm that Bitcoin uses.
Moreover, only those transferring a tiny number of cryptocurrencies will notice the difference in fees (C$0.0024 for Litecoin vs C$0.68 for Bitcoin).
Finally, only a certain quantity of Bitcoin can ever be mined, but Litecoin has no such limit, and as of right now, Bitcoin is still the most valuable cryptocurrency by market cap.
While Litecoin gambling is undoubtedly becoming more popular, Bitcoin gambling is still more widespread, and many game developers are making BTC-specific games.
For those who are unfamiliar with Bitcoin Cash, this alternative currency was created as a result of a hard fork in the Bitcoin code.
The goal of Bitcoin Cash was to provide users with quicker transaction speeds, lower transaction fees, and—most importantly—few or no network confirmations.
However, how does Bitcoin Cash stack up against Litecoin?
They both tout having cheaper and faster transactions than Bitcoin, and in both instances, this is accurate. However, BCH has a higher hash rate than LTC, which makes its network more secure. BCH and Litecoin casinos also have roughly the same transaction fees, however, LTC’s fluctuates more frequently than BCH’s has never changed.
Litecoin casinos will be exactly up your alley if what you’re looking for is a less expensive, quicker, and confidential gaming experience that competes with regular banking and Bitcoin transfers.
In 2023, there will be a growing number of authorized websites that offer Litecoin gambling. Many of them will let you connect directly to your wallet for quick deposits and withdrawals, and they won’t pressure you to convert to fiat currency if you don’t want to.
Last but not least, Litecoin casinos will give you access to all of your favourite traditional casino games, like live roulette and online slots.