Litecoin is a fast and reliable cryptocurrency that is available for all payment transactions similar to those executed through Bitcoin. Litecoin is the second best online cryptocurrency used on all gambling platforms, however, it has one small difference which makes it stand out. That difference is that this payment provides faster and currently cheaper transactions than Bitcoin and because of their effective processes, the deposit and withdrawal times are almost immediate.
When it comes down to the quality of the service there is little difference between Bitcoin and Litecoin and our research has proven that using Litecoin for your deposits will grant you access to a couple of outstanding platforms. Online Casino players who prefer using Litecoin, can also use it to deposit funds at various operators and can also enjoy a wide range of Sportsbook events as well.
One of the most important parts of Litecoin is that it is a type of currency that is not tied to any other country or region, therefore it is available to players worldwide. Furthermore, in a broader concept, this feature creates a globalized network filled with customers from all around the world who can trade with each other with one common currency.
Litecoin essentially is a peer to peer currency which makes an instant, almost zero-cost transactions to anywhere in the world, it is a global payment service which is fully decentralized without any central authority.
The mathematics behind this network secures and improves the individual’s ability to manage their own finances, Litecoin provides much faster transaction confirmation times and enhanced storage efficiency. Alongside its quality customer support, trade capacity and liquidity, Litecoin has proven to be a great asset that rivals with Bitcoin itself.
We have noticed that people overestimate the complexity of using Litecoin – we want to address that issue. You can own litecoins by simply buying them from an exchange site and you store them in your digital wallet. The wallet is the tool you use for payments. There is no need for you to understand the way the blockchain works, but it's imperative you understand that Litecoin works faster than other tokens do. As a matter of fact, it takes precisely 2 minutes and 30 seconds for a transaction to be processed in the next Litecoin block, where Bitcoin does the same thing in about 10 minutes.
The general purpose of any sort of cryptocurrency is to make it open to individuals. In this way, you may not see precisely how blockchain functions, for example, yet that shouldn't have any effect on your capacity to utilize Litecoin, or any other alternative, for that matter.
This is reason to worry for some individuals – that they will not be able to use cryptocurrency once they acquire it – but this impression is misplaced. The way you can use Litecoin is extremely straight-forward, all explained in a user-friendly interface.
You essentially select Litecoin as your favored payment technique and store your assets utilizing the digital wallet. This procedure works in the same way for withdrawals. Think of it this way – if you were to use a credit or debit card (Visa for example), the card you own will perform the transaction under your identity, as that is the purpose of the card. The digital wallet that stores your Litecoins does the exact same thing – identifies you as the account holder.
● Litecoin is a common currency similar to Bitcoin and can be used by many different individuals, as it does not belong to any particular district or government;
● One of the main advantages of cryptocurrencies is the idea of individuals being able to pay easily for online services with complete anonymity and internet security;
● Litecoin offers very quick processing times unlike Bitcoin, which has been criticized for its lengthy withdrawal times;
● Another one of the biggest advantages of this cryptocurrencies is its global availability to a huge network of online users.
The best choices for a genuine Litecoin online casino can be found at the beginning of this article. As the demands for high security and fast processing times grows daily, it was only a matter of time until trusted online casinos in 2020 adopted cryptocurrency as a new way to enable players to conduct deposits.
Using crypto or tokens will not change or alter your gaming experience – you will have access to a wide portfolio of casino games, live dealer tables, and sports betting events, on both mobile and laptop or PC.
Of course, choosing a casino is a matter of personal preference, the only thing we can do is advise you based on our research and analysis. We have compiled a list of the best casinos that use Litecoin for deposits, the best Litecoin mobile, and live casinos and the hottest bonuses you can claim when using this cryptocurrency for deposits.
Having more than one option is key, and all the casinos on our list have plenty of ways to accept deposits – you must choose the one that fits your interest the most. Keep in mind that Litecoin is a volatile asset! Earning Litecoins and withdrawing them might yield higher rewards than using fiat currency, but it can also go the other way – we recommend that you learn the way Litecoin fluctuates before you make your first deposit.
To sum up, using Litecoin is a fast, safe way to deposit, as the blockchain brings a new security standard when online payments are involved. Litecoin is meant to be an alternative and using it will take you one step closer to a hustle-free gaming session in the casinos of the future.
One of the best concepts of online casinos adored by the majority of players is the live casino segment, which is essential for a vast majority of users attending online casinos; therefore it is of huge importance if the live casino you are attending is compatible with Litecoin, so that you can deposit funds to your account quickly.
Due to Litecoin’s fast transaction procedures, players can deposit money in their accounts in an instant without missing out on any Live Baccarat, Roulette or Blackjack sessions. A range of online casinos such as Zet Casino, Wazamba Casino, and CampeonBet Casino offer compatibility with Litecoin as well as an immersive Live Casino section.
Once you filter the online casino market for all the online casinos that accept Litecoin, you will quickly realize that despite its late introduction to the online gambling market, a lot of online casinos offer this payment service as a method to fund your account.
Moreover, most of the casinos nowadays offer fully compatible mobile versions that work similarly to the website version, so depositing and withdrawing funds from a mobile casino that accepts Litecoin follows the same procedure. Simply go to the cashier desk, select Litecoin as your payment method, enter the amount you would like to transfer and proceed with the transaction.
We have noticed that more and more casino sites adopt cryptocurrency and that will definitely be a new trend throughout 2020. The best mobile Litecoin casinos will be featured here, as we constantly update our lists!
Although this payment method was launched in the UK, it is yet to get a popular following around customers from the European Union, however, it is available to nearly every country in Europe, as well as the majority of countries in Asia and Africa.
More than 25% of global Litecoin transactions are processed via Bithumb, a famous exchange site. A new statistic shows that the UK, Hong Kong, Singapore, and the US have the most registered digital currency exchanges.
One downside of this payment merchant is that its services are not available to US customers. To be more specific, US players can freely buy Litecoins via a trusted exchange site, but they cannot use them to gamble online.
Most Litecoin Casinos offer a wide range of bonuses which one can acquire with a deposit using this payment method. Bonuses, in most situations, are part of the welcome package aimed at newcomers, who have to sign up to the casino.
The majority of online casinos that accept cryptocurrencies such as Litecoin provide bonuses that consist of deposit match bonus which award the players depending on the amount of their first deposit. For example, if there is a 100% match deposit bonus up to LTC20, this means that the amount you will deposit will be doubled if you deposit LTC20 or less.
Regular bonuses aimed at loyal players who achieve a high VIP level can also be claimed at Litecoin casinos, such prizes are usually awarded on a monthly basis, some loyal players can even retrieve holiday and birthday gifts. We recommend you read more about the exclusive bonuses you can claim, the free spins bundles and the no-wagering deals we have prepared for you in our dedicated casino bonuses section!
Similar to the way all cryptographic money works, you might expect a minor fee or a small charge when using a dedicated Litecoin exchange site. Usually, this charges may vary with the amount of virtual currency you buy, but they are generally smaller than what the banks charge as fees.
Just like the case with the estimation of Litecoin, the measure of the expenses can fluctuate. In spite of the fact that, on a positive note, the crypto coins have had times of getting altogether less expensive instead of progressively costly. Along these lines, we can't disclose to you precisely how much the expenses will be on the grounds that they are liable to change.
One thing that is important to keep in mind: given the volatile nature of this asset, the charges might be higher if the price of one Litecoin goes up, or they might be lower if the Litecoin loses value.
The value of your litecoins is given by the community behind it – there is no reason for you to accept shady terms and conditions coming from a bogus operator; use our recommended casinos and you will be on the safe side.
The deposit and withdrawal timeframes depend highly on the wallet you chose, as it is both a means to keep your cryptocurrency and a great tool for payments. On the other side of the transaction, the casino must have a fast wallet as well. After your deposit or withdrawal has been approved, the timeframe in which the virtual currency is sent might take up to a day or two for withdrawals, while deposits are instant.
One thing that you can personally do in order to make sure your transactions are processed in a timely manner is to make sure that you have an updated digital wallet and if you’re buying Litecoins for the first time, do so using a trusted, fast exchange site.
Yes! The withdrawal process is the same as the deposit process, however, it may take a tad longer to receive your earnings.
Most cryptocurrency transactions are processed immediately, however, in some situations it may take up to 3 days.
Litecoin fees when depositing at an online casino depend solely on the gambling site one is attending, so be sure to check the Terms & Conditions.
There are no Litecoin cards, but that is not an issue as all of the transactions with Litecoin are executed online and are protected by the highest standard of fairness and security. Usually, cryptocurrency payments are much safer than using normal payment techniques.
If you want to purchase Litecoins, you should open an account with a trusted online exchange site, like Bithumb. You can use fiat currency to buy and store Litecoins in your digital wallet, or use and convert other cryptocurrencies to buy Litecoins.