The use of cryptocurrencies at crypto casinos continues to boom. So as one of the oldest alternatives to Bitcoin, it makes perfect sense to see so many casinos permitting Litecoin gambling these days. In this guide to LTC gambling, we’ll give you the lowdown on everything you need to get started at a Litecoin online casino.
What is Litecoin?
Litecoin was born in October 2011, making it one of the older cryptocurrencies and the first realistic alternative to Bitcoin. It is the brainchild of Charlie Lee, who built on the principles of a coin called Tenebrix. That particular token proved controversial due to the owners playing unfairly and trying to withhold 7.7 million TBX for themselves, free of charge.
The Litecoin Network processes blocks in just two and a half minutes, compared to Bitcoin’s 10. Mining of LTC is dominated by pools. So if you wanted to try and mine it yourself, you would need extremely powerful ASIC processors. A better option would be to simply join a pool.
In order to actually indulge in a spot of Litecoin gambling, you’re obviously going to need to get your hands on some LTC somehow. You can purchase the coin at any popular crypto exchange, such as Coinbase, Kraken or eToro. Simply exchange other coins for your Litecoin, or buy it using fiat currency.
Litecoin Casino Wallets
Once you’ve purchased your Litecoin, you should ideally store it in a cold storage wallet. You may leave the LTC in the wallet of the exchange at which you made the purchase. But it would be far less vulnerable to fraud or hackers if you moved it to cold storage, such as a Trezor device.
When the time comes to enjoy your favourite LTC coin casino games, you’ll need the wallet address of your preferred LTC casino. When making the transaction, be sure to enter the casino’s wallet address carefully. If you send your coins to the wrong place, you are unlikely to be able to retrieve them.
Advantages of Gambling with Litecoin
Litecoin gambling brings many advantages when compared with fiat currencies. Let’s run through the key benefits of playing at a casino that accepts Litecoin.
Cheap transactions: One of the main advantages of any crypto casino is the cost. Since you are making a peer to peer transaction, there are no third party processing fees for the casino to pass onto its players. This also allows the site to offer you more generous bonuses.
Quick withdrawals: Another huge benefit of LTC gambling is undoubtedly the speed at which you can withdraw. Fiat casinos hold onto your money for days, as they have to jump through so many hoops. The very best LTC casinos will have your winnings with you in a maximum of just a few hours.
Extra security: As we all know, cryptocurrencies are mostly about anonymity. And Litecoin gambling is no exception, as it leaves no paper trail the way fiat currencies do. In addition, blockchain technology ensures that LTC casino games are provably fair and safe to play.
The naysayers might point out the volatility. But those who truly embrace crypto coins like LTC understand that it works both ways. Keeping your tokens in the casino and watching them rise or fall in value is all part of the fun with Litecoin gambling.
Where to Play Litecoin Casino Games
Playing the very latest LTC casino games is easy to do. Simply sign up at a top crypto casino and in a matter of minutes, you’ll be off and running. But which Litecoin online casino to choose?
Our expert panel of casino and blockchain enthusiasts has done the research, so you don’t have to. Here are the best sites at which to partake in Litecoin gambling.
Our favourite casino accepting LTC is BC.Game Casino. We love the social element of the site. There’s a chat bar on the side of the screen where you can share results and make new friends. You can even cultivate a contacts list, like with popular instant messaging clients. But the site is also safe and secure with a huge variety of LTC games.
One of the more popular crypto casinos is FortuneJack. Initially accepting only crypto, this casino has opened its doors to fiat gambling, too. But this doesn’t diminish the level of crypto gambling at all. In fact, if you want to play LTC coin casino games, simply top up your account with some LTC to begin playing provably fair games and RNG games. You can also enjoy the FortuneJack bonus deals and promotions, especially the 50 registration spins upon signing up.
Operated by Dama N.V., Winz is among the new crypto casinos that are making a splash in the crypto gambling scene. Winz Casino has a huge game lobby that features tons of crypto slot games, table games, and live dealer games. Of course, this casino supports LTC gambling, so you can freely use your Litecoin to play games to your heart’s content. When it comes to bonuses, go ahead and grab the welcome free spins and other great bonuses.
Combining the allure of sports betting and casino games, N1 remains a favorite among online gamblers. N1 Casino features more than 2,500 games from popular game providers. From this many games, you can play so many online slot games. And with its huge welcome package covering your first four deposits, you’re sure to enjoy playing casino games at N1.
Depending on where in the world you live, not all of these casinos will be available. So do make sure to check whether or not they are allowed to operate in your region, as per the license and the registration forms on the deposit page of the crypto casino account.
LTC Casino Bonuses
Litecoin gambling bonuses have much in common with their traditional counterparts. So whilst you’ll see deposit match bonuses, reload offers, free spins and even no deposit bonuses, you may notice one key difference. At cryptocurrency casinos, the bonuses tend to be bigger.
Every casino accepting LTC offers players a huge library of the latest video slots. Top suppliers such as Play’N Go, Wazdan and Red Tiger ensure that the games stay fresh and interesting to both new and old players alike.
LTC Casino Games
Although Litecoin gambling offers certain benefits, some elements are no different to a regular casino. Players always want to see a wide variety of the hottest new titles. They expect plenty of innovative live dealer products. They want traditional favourites, like blackjack, craps and roulette. And they would like the chance to win life-changing jackpots. Luckily, at LTC casinos, you’ll see all of this and more.
So there you go. If we’ve done our job correctly, you should now be fully versed in the art of Litecoin gambling. So all that remains is for you to pick out one of our top-rated LTC casino sites. Collect your welcome bonus and start enjoying your favourite games. Good luck! And remember to gamble responsibly.