The main difference between Bitcoin and Litecoin online gambling is the speed and size of block generation. Litecoin aims to generate a new block in 1/4 the time of bitcoin, and with less mining power. Besides the faster processing speed, Litecoin Online casinos offer several advantages over the Bitcoin gambling platform. The transaction fees associated with LTC gambling are significantly smaller and there are various casinos that accepts this payment method.
Before a breeze of Ethereum overtook the cryptocurrency community, Litecoin used to be the second most popular crypto asset after Bitcoin. Despite being at number 3, Litecoin offers some incredible benefits that even Bitcoin and Ethereum can't. Launched in 2011 by a Google Employee, Charles Lee, Litecoin Blockchain functioned as a peer-to-peer network aimed at facilitating easy cross-border payments at a minimal cost and faster money processing than Bitcoin. Ever Since the gambling industry experienced a surge in popularity, many players where gambling is still illegal turned to Litecoin to play online without much trouble from their banks and government.
Many LTC online casinos avoid getting a license to operate as certain jurisdictions don't expect one for making transactions with cryptocurrencies. This is the reason why it's critical to be careful while choosing a Litecoin online casino. Here we have added only the best verified LTC online casinos licensed by reliable gambling jurisdictions.
In the US, Litecoin online casino is officially permitted only in certain states which includes Nevada, New Jersey, and Pennsylvania. This is due to the fact that cryptos are still not completely legalized by the government. The same goes for Canada and Australia as well. Local online gamblers have access to numerous international casino for quality gambling experience, though.
Some people think that using LTC for online gambling when they could simply use their credit or debit card is a lot of effort. While gambling with Litecoin would require few additionals steps, there are several reasons which make it a great choice for online gambling.
1) Anonymous playing
The key reason for choosing any decentralized cryptocurrency for gambling is the ability to keep it anonymous. While using Litecoin, your personal data, documents are not collected or disclosed unlike bank cards or wire transfer, Your unique wallet number is used for transactions without any KYC or identification.
2) No transaction fees
Yes, you heard it right. It is literally nothing or extremely low while using LTC for gambling. You can use this money for something better such as increasing your stake at these casino sites. Most sites are free while some charge a small insignificant fee.
3) Huge Bonuses
When casino sites use bank cards, electronic payment systems like Paypal, Skrill, etc, they have to pay a hefty fee to the payment gateways. When they use cryptocurrency for payments, it is much cheaper for them and they incentivize you in the form of aggressive bonuses. Some platforms even offer double the normal bonuses for LTC gambling. At the moment of writing this, Litecoin gambling fees in even lower than the Bitcoin gambling fee.
4) Faster withdrawal speed
With no bank couriers, payment gateway involved, LTC transactions literally take no time and depend entirely on the speed on the network. It is much better than waiting for up to 10 days for traditional banking payments and hours for a deposit to reflect on your account. It is even slightly faster than Bitcoin.
5) No taxation
In most countries, cryptocurrencies are not subject to taxation so you don't need to pay any taxes for winning you make using Litecoin.
Now that you are sure to play with Litecoin, it's time to consider how can you do it. The first thing you need to do is head online and find a wallet that stores all your Litecoin. Exodus and Jaxx are great wallet choices. You can even use Hardware wallets like Ledger Nano S and Trezor.
Once you have the wallet, you can head to various cryptocurrency exchanges like Kraken, Coinbase, Binance to buy Litecoin. Once done, you are all set to spend the LTC in many Litecoin online casinos.
Now, sign up on the best Litecoin casino site. Head to the deposit page, select Litecoin, and the site will generate a wallet address. This will be your casino's wallet. Write the address down. If you are given a QR code, scan it to get the wallet address. The setup is done. Now, head to your main wallet and choose the amount you want to deposit. Once you confirm the transaction, it will take a few minutes for the Litecoins to arrive in your casino's wallet.
That's it. You can now use the cryptocurrency to play a variety of games including slot machines, roulette, and blackjack.
Best LTC Casinos 2022
Litecoin was created in 2011 on the same technological principles as Bitcoin. However, instead, it uses the Scrypt hashing algorithm instead of SHA-256, and a block is processed every 2.5 minutes instead of 10 minutes as with Bitcoin.
Nowadays, more and more casinos accept cryptocurrencies. While Bitcoin remains the largest and the most in-demand cryptocurrency, Litecoin's popularity in gambling is steadily growing. This article will help you select the best Litecoin casino based on objective criteria such as their licensing, assortment of games, payout speed, level of protection, and quality of support. You'll get to know which kind of bonuses you may expect to receive in Litecoin gambling, what are the benefits of LTC slots and table games, and how to select a well-protected LTC wallet.
Here are the main advantages of LTC:
Thanks to these features, Litecoin is becoming steadily more popular in online gambling. From the psychological viewpoint, it also adds a fresh and exciting note to the betting process.
When you top up your LTC deposit, you don't have to provide personal data, be it your bank card number, phone number, or source of income. All transactions are completely anonymous. Litecoin is one of the safest cryptocurrencies: your funds are protected from theft with dual-code encryption technology.
LTC is a peer-to-peer cryptocurrency that does not have a central financial authority. Gamblers don't need to worry about additional fees or long processing times.
To promote this method of payment, Litecoin casinos often offer generous no deposit bonuses. If you top up your deposit with LTC, you may expect to receive free spins for certain slots. Before you accept them, please consider carefully the wagering requirements: sometimes the coefficient might be x40 or more, which is unreasonably high.
Some platforms also offer deposit bonuses. If you choose Litecoin over other payment methods, you may receive an extra sum on top of what you pay yourself.
The assortment of Litecoin games is just as vast as of betting with regular currencies. Below you'll find the list of games that can be found in most LTC casinos.
To play slot machines you don't need to have any particular skills, knowledge, or experience. You push the button and the reels start turning. You push the button once again, and the reels stop. If all of them display the same image or number, you get the prize.
All of the casinos mentioned in our rating offer dozens of slots by world-famous gambling software providers. They have an eye-catching design and honest payouts. Some of them are based on famous books, movies, cartoons, and TV shows.
Among all the games listed in this section, only slots might be available in free trial mode. Some platforms first allow you to test how the machines work without topping up your depositing and risking real money.
In Blackjack, you're playing against the dealer. Your aim is to accumulate 21 points or slightly less. If you surpass the maximum limit, you lose.
In the LTC casinos that made it in our rating, Blackjack is represented in multiple varieties: Switch, Pitch, Double Attack, Double Exposure. You may enjoy it with a live dealer or in a more classical way.
In roulette, you place bets on either black or red color plus a number within the range of 0 to 36. The rules might differ depending on which variety of the game you select: European, American, or French.
In the casinos listed in our rating, you may also find multi-wheel or multiplayer roulette. In a multiplayer game, you can see the bets of other gamblers before the wheel is launched, so it would be impossible to cheat.
The rules of a lottery might differ depending on the creativity of its developers. A well-known variety of the game suggests that you select 5 numbers within the range from 1 to 50, and if you guess all them correctly, you hit the jackpot.
All the casinos from our rating offer exciting lotteries with honest payouts. Your winnings will depend purely on luck, which should give you additional thrills.
Litecoin poker has the same rules as regular offline poker. In the casinos noted in our rating, you'll find diverse variations of this game: Texas Holdem, Draw, Stud, Omaha, High or Low Chicago, and many others. To recreate the most realistic impression of betting in a real casino, you may play poker with a live dealer.
In the poker version of Litecoin dice, you use dice instead of cards. The surfaces of the dice are marked as the Queen, the King, etc.
The safest way to buy Litecoin is to do it through an exchange, such as Binance. You may also store your tokens on the platform after the purchase. Another way to store your crypto savings securely is to send them to a crypto wallet.
When choosing an LTC wallet, you might consider a hardware or a software wallet. A hardware wallet resembles a hard drive and attaches to a computer via a USB port. In case your computer gets hacked, your Litecoins will remain safe. But in case your wallet is physically damaged, you might not be able to restore your funds.
To play it safe, you should divide your crypto savings into two parts and store one on a hardware wallet and the second one on a software wallet. Or keep the first part in the exchange and the second one in the wallet.
These are four technologically advanced, credible, and secure LTC wallets:
Hopefully, this review was useful for you. Now you know the advantages of using Litecoin for online betting as well as the safest ways to store it. If you've never gambled in a crypto casino, you should try it now. It's a new fascinating experience that gives you access to extra perks and bonuses and allows you to stay fully anonymous.
Thanks to the expansion of the Internet and technology, online casinos have become a vast gaming industry. Every day, more and more players are drawn to online gambling and have made several people millionaires. In fact, the online gaming industry is expected to be worth around $ 80 billion by 2022, considering the latest trends.
One of the most enjoyed advantages of online casinos is that you can play from anywhere as long as you have internet access. Likewise, the game options are also broader, and the tables and slot machines are unlimited, unlike traditional casinos. They are also cheaper and offer huge bonuses and discounts.
Building on the experience gained from using Bitcoin in online gambling, the digital currency industry has rapidly expanded its influence in the field of gaming. Therefore, it is not surprising that other currencies, such as Litecoin, have found their entry and acceptance within this world.
Along with bitcoin, one of the top cryptocurrencies, Litecoin has firmly taken second place within online casinos as a popular option. Litecoin is a cryptocurrency that was released years later than Bitcoin. It was launched during 2011 by Charlie Lee, trying to solve some of the problems of that cryptocurrency; that's why it is quite similar to Bitcoin but better in several aspects.
A large number of players appreciate being able to bet with Litecoin, since these types of transactions are fast, safe, anonymous and have very low fees, compared to other options. In addition to online casinos accepting this cryptocurrency, they usually offer attractive bonuses to users, as well as quite profitable promotions.
A large number of online casinos worldwide accept Litecoin as a form of payment, which is that it is a popular cryptocurrency and has proven its strength over time. Another reason why players use this cryptocurrency is that its value is constantly changing, so they may even have a higher amount of profit for their money.
Litecoin Deposit and Withdrawals
First of all, you must have your own Litecoin Wallet; for this, you can use different software or platforms like Uphold.com. When you open a Litecoin wallet, you will get a public address and your private keys; the latter is needed to authorize online transactions with Litecoin, while the public address is the one used to receive funds.
Then you must manage to deposit Litecoin in your wallet; for this, you can buy them on online exchange pages, or acquire them with bank transactions on platforms such as Uphold.com. You can even receive a direct transfer from another Litecoin user.
When you already have your Litecoin wallet with available funds, you should go to the online casino website where you want to play and enter the "Cashier" option. From there, you click on the "Deposit" button and choose Litecoin.
From the casino, they will give you a public Litecoin address or a QR code. You can use either of the two options to make a deposit, either by copying the address into your Litecoin wallet to send the payment, such as reading the QR code with the camera from your phone to complete the operation.
Once this is done, you must indicate the amount you will transfer to the casino and confirm the online transaction. In just 10 minutes you can enjoy your money to play in the online casino.
In common, casinos that allow you to make deposits in Litecoin also will enable you to make withdrawals with this same method. To make the withdrawal, you just have to go to the ATM, and choose the option to make a withdrawal with Litecoin, confirm the amount and voila, in about 10 minutes you will have your money available in your wallet for this cryptocurrency.
Many times the withdrawal transaction can be done automatically. However, in other online casinos, the entire process must be done manually due to security reasons. If so, it could take several days to process the withdrawal, so it is essential to check this with the casino before making any transaction.
Pros and Cons of Litecoin
Litecoin Casinos FAQ
Is It Safe to Play at Litecoin Casinos?
Yes, Litecoin online casinos are entirely safe. Just check if the selected casino has reliable operating licenses.
Do Every Casino Accept Litecoin?
No, although many casinos accept this payment method without problems, there are still a large number of online casinos that have not included Litecoin among their payment options and money withdrawals.
Are Litecoin Casinos Legit?
Yes, since Litecoin is a cryptocurrency and does not belong to any country, it is legal to place bets with this payment method entirely.
Best Litecoin Casinos 2022
