Litecoin has taken the world by storm and is now top in the list of online gamblers. As more and more people are embracing cryptocurrency, Litecoin stands out as a popular choice. Here is an insight into what Litecoin is and why it has dominated the gambling industry.
Litecoin Casino is exactly what the name suggests, a casino that accepts LTC currency. Therefore, players can either deposit or withdraw in Litecoin.
Litecoin, abbreviated as LTC, is a cryptocurrency that lets users make payments and withdrawals around the world. Just like its contemporaries, LTC also is efficient as an online payment option. LTC is the third-largest cryptocurrency after bitcoin and XRP. Just like a bank’s online network, users of this currency can use it to transfer currency to one another. LTC conducts transactions in units of Litecoin. That is what makes it different from most traditional currency. However, it still ranks among the five most crucial virtual currencies. It is important to understand that LTC has grown significantly with a current market cap that now exceeds $2 billion.
Just like most cryptocurrencies in the world, Litecoin prides itself for offering flexibility like never before. LiteVault is one preferred wallet for storing and safeguarding LTC. Such a wallet lets user store and access their coins regardless of their locations; this gives users flexibility. What makes LTC an excellent investment that offers flexibility is the fact that it is not subject to exchange rate risks. Since this is a globally received coin, you don’t have to convert it to USD or pound and back. The flexibility it offers lets you invest wherever you are and with whoever you choose.
How safe is Litecoin gambling? That is perhaps the most common question beginners will ask before choosing this mode of payment. The online environment is versatile and therefore, susceptible to trouble for people who are not informed. Since LTC is encrypted, users should not be worried about the security of their money as that is guaranteed. But anything done online has the inherent risk of being hacked. But you shouldn’t be overly concerned about that; your greater concern should be the site you are using. Therefore, you need to evaluate the gambling sites and choose the reputable one.
Buying Litecoin is not as hard as it is with other cryptocurrencies. You only need to follow three simple steps. To begin, you will need a Litecoin wallet; this is where you will store your Litecoin. There are quite several Litecoin wallets available including Ledger, Edge, Trezor and Exodus, just to mention a few.
The second step is finding an LTC Exchange. It is important to note that the number of cryptocurrency exchanges that sell this currency increase as it becomes more popular. Lastly, you need to open an account and buy your LTC once you have decided on an exchange. The LTC should be withdrawn from the exchange to the personal wallet to avoid losing your coins to hackers.
As much as Litecoin is growing in popularity, it is important to note that there are other cryptocurrencies in the market. Since Bitcoin paved the way for other cryptocurrencies in 2009, Litecoin has risen to stand among the best five. Apart from their values, other differences make Litecoin the most preferred. For instance, Bitcoin uses an algorithm that requires more processing power than what Litecoin uses. Therefore, LTC has a faster transaction processing speed than bitcoin.
Litecoin is also highly preferred because it has a consistent cost on the transaction, which is about $.04 per transaction in USD. Ethereum, for instance, takes a different approach as it uses “gas” to determine the transaction cost. This may vary depending on the computational complexity of transactions, storage needs, and bandwidth.
Litecoin is quick and easy to use cryptocurrency, and this is why modern gamers highly appreciate it. What makes it beneficial to players is that it can be easily exchanged with traditional currencies like Euro and US Dollar. This currency is also considered to be less volatile as compared to others. Therefore, using it in online gambling is advantageous. This is also a peer-to-peer currency that is accepted over the internet, exchanged almost instantly, with minimal fees as compared to others. Since it is "open source," no single person or company controls it, making it a global payment network ideal for casinos.
There are a thousand reasons why you need to gamble with Litecoin Casino. But what stands out is the ability to pay anonymously. This means that your data is not collected and disclosed. Typically, a unique wallet will be used to do the transactions. But there is more to love about this option. Traditional methods would make you wait much longer when transacting. That is not the case with LTC as the same funds are sent almost instantly.
Gamblers are quite curious when it comes to the type of games offered by a site. With Litecoin casino, you can check the honesty of the game after each spin or hand. A good number of casinos that accept this currency allow you to test your skills before trying out your money.
Yes, it is legal. U.S. citizens have nothing to worry about as far as legality goes. Players will not get into any trouble for indulging in Litecoin gambling with offshore sites. Normally you will receive a message to let you know that your business has been denied as soon as you go to the site. However, if you are using Litecoin for betting, none of the sites will do this. But the smaller name sites will keep you out. None of the UIGEA act has anything to do with the gambling operator’s jurisdiction.
Players have come to appreciate the introduction of Litecoin casino. Here are the advantages of Litecoin gambling:
Transacting funds in an online casino is a serious activity and normally treated as such. This is why a good number of casinos will ask you for documents such as credit card copies, utility bills, and photo identification. What makes cryptocurrency the popular option among its users is the advantage of anonymity. Using Litecoin will also require a procedure but is quite easier than traditional options. You will need to deposit funds into your Litecoin wallet, and there are several to choose from. What makes it efficient is that you don’t need all sorts of documents to acquire a Litecoin wallet. Therefore, you have the chance to exercise your gambler’s spirit by playing anonymously and without limits.
Speed is paramount when doing any transactions online. Litecoin transactions are regarded as the fastest as compared to other cryptocurrencies such as Bitcoin. The transaction speed has been confirmed to generate a block every 2.5 minutes. This means you get your money quicker on LTC casino. The quicker the transaction, the faster you will get to your favourite game and play more.
Bitcoin is the biggest cryptocurrency competitor but stays silent when speedy and easy withdrawals is the topic. With the integration of the Litecoin Lightning Network, it is expected that the usage of LTC will increase as players will be able to execute transactions with instant confirmation times. Transactions will, therefore, occur instantaneously. This is not only attractive for merchants, but players who enjoy Litecoin gambling.
Litecoin online gaming sites are quite generous when it comes to making transactions with LTC. It is important to understand that there are typically no fees to deposit when using LTC itself. However, different online casinos may apply different charges. The average fee a player will be charged when transacting with Litecoin is 0.0009 LTC. For players who want a fiat equivalent, this is around 0.02 USD. Therefore, a keen look at this fee and you will agree that this is like making transactions for free on LTC casino.
If you are eager to use this outstanding cryptocurrency on online casinos, then you need to try it out on trusted Litecoin Casinos 2019. Here is a look at the top casinos to consider:
If you are looking for a Litecoin casino that's run by players, then this is it. Playamo casino struck a deal with the leading software providers and therefore offers gamblers a vast selection of casino slots and games. The casino provides players with over 1,115 games and 575 slots. This cryptocurrency online casino also focuses on huge jackpots. There are also other popular cryptocurrency options you can choose other than Litecoin gambling.
If you are a lover of live dealer games, then you will love the ones available and powered by Ezungi gaming software. The fact that this site offers LTC gambling seals the deal. You will be attracted to the advanced graphics features that let you interact with dealers. Some of the live games to choose from include Live Blackjack, Live Roulette, Live Baccarat, Live Keno, and Live Lottery.
mBit offers a wide range of cryptocurrencies Litecoin being among the top. Other than that, players are also treated to the most reliable and effective customer care support team. The site lets you make use of the live chat option available 24/7. Additionally, you can communicate with the support staff through email, and you will be surprised at how fast they will respond.
Depositing with Litecoin is quite easy and straightforward. Once you have logged into your preferred LTC casino, you should head to the depositing page. The site will generate a wallet address that you must write down. This address will be needed to complete the transaction. You might also have the option of a QR code. Go to your wallet and input the address you wrote down. Choose the amount to deposit and confirm. The amount will be sent to your wallet, and this will take a few minutes.
Yes you can. In fact, players now don’t have to second-guess the randomness of their hands. They can now validate the results. The LTC provably fair casino games give you special seed to match with the hand seed after every round.
When you click on the link to the open source code found on the main page, you will be able to check all the functions that govern the game on LTC Casino. This is also where you will see the process of drawing the winning numbers and making the prize payouts.
The games offered in Litecoin casino are similar to what you would see in normal casinos. Therefore, players who enjoy the thrill of video slots, table and card games will find LTC casino quite interesting. This is also the platform you will find a wide range of poker and other games such as Lotto.
Wagering with Litecoin is no different from what you are used to with other currencies. After you have transferred LTC to your gaming wallet, you can change it into a currency for wagering if you so wish or play with it as it is.
We don't want to be misleading and therefore will rank Litecoin Casino using strict criteria. This is what we consider: