If you know what cryptocurrency is, you would be happy to learn that you can play online casino games with it. You won’ be the only one. In recent years, playing casino games with cryptocurrency has picked up speed. It offers a number of advantages over fiat currency gambling, one of which is close to full anonymity of transactions.
LTC ranks near the top when it comes to online privacy. The peer-to-peer, open-source currency is a decentralized algorithm called Scrypt, which originated as a Bitcoin spinoff in 2011. It was created by a Google employee, Charlie Lee. As one of the early waves of cryptocurrency expansion, Litecoin remains one of the most recognized digital coins today and has a cap of 84 million coins, roughly worth $8 billion.
In the following text, we will familiarize you with the basics of Litecoin casino gambling. We will discuss how to prepare the ground for playing online, what games you can play, what bonuses you can take advantage of, and how to make deposits and withdrawals. Read the full article to build any knowledge you may have acquired from other LTC casino reviews.
How to use Litecoin for gambling
To play at any LTC casino online, you’ll first need to set up a Litecoin wallet and add some Litecoin to it. You can either mine it or spend some fiat currency for it in the exchange markets. If you are a beginner with cryptocurrency, the easier way is to set up the wallet and simply buy some LTC, as learning about mining may require you to learn a bit more.
You have three major options for a wallet: Litecoin’s proprietary wallet, hardware wallet, or another dekstop/mobile wallet. Choosing the right option would depend on your level of experience with crypto and your security needs. Hardware wallets offer the biggest degree of protection, as you keep your money disconnected from the network.
To set up a wallet with Litecoin:
Download it from their website and install it.
Let the network sync the wallet.
Encrypt your wallet with a passcode.
Transfer some LTC into it.
Your second – and safest option – is to buy a hardware device to fit the purpose. These devices can be kept off the grid when they are not being used, keeping your money completely out of reach to anyone else but you. To set up a hardware wallet:
Purchase a pre-set-up hardware wallet. Options include Trezor and Ledger Nano.
The pin code and private key that you can use to recover your funds with will be displayed on the screen of the device.
To set up a desktop or mobile wallet:
Go to your brand of choice and download and install the wallet. Viable options are Ethereum-LTC, LoafWallet (mobile), Jaxx, and Exodus.
Make sure to write down your recovery phrase to use if needed.
Charge your wallet with Litecoin.
With this important step done, you can start visiting casino gambling sites. You will be enabled to make transfers between your wallet and your casino account.
Games and Slots with Litecoin
As Litecoin is technically very similar to Bitcoin, you will find a rich variety of games to play. Litecoin casinos boast extensive libraries with hundreds—sometimes thousands—of games like slots, table, real-dealer, lotto, and custom games.
Once you have some Litecoin in your casino account, you can dive into the rich and wonderful world of online slots. Boredom is out of the question, as you can spin hundreds of 3- and 5-reel slots with varying themes. You can also leverage your coins for a chance to score big with one of the progressive jackpot slots.
If slots are not your thing, you can also go back to the roots, with classic table games like Blackjack, Craps, and Poker, all available at Litecoin casinos. Litecoin casino Blackjack fans can enjoy the European, French, and American variants of the game. Stumbling on a variant-rich LTC casino with baccarat is no rare event also. And that’s not all. You will also encounter live casino Litecoin sections at most operators.
Poker also gets its piece of the pie. The poker community at any online casino LTC is one the liveliest places. If you are good at it, you can test your mettle against other players at Texas Hold’em, Stud Poker, Omaha, Five-Card poker, and other variants.
The newest Litecoin casino practice is to provide sports betting. The appeal of betting with crypto comes from the unspoiled coverage of major sports and the unburdened pay-in-pay-out process. You deposit faster and withdraw faster. A definite plus at an LTC casino is the bonuses, which sometimes come in Litecoin or other major cryptocurrencies.
As you can see, online casinos that support this currency can give you the same breadth of options as any other fiat currency platform without its drawbacks.
There are two layers of deposit and withdrawal limits you need to consider when using Litecoin. First, be aware that different wallets have different caps. You need to check with your wallet provider to see what the deposit and withdrawal limits are. Coinbase, for example, has an upper withdrawal limit of $50,000 per day. Most wallets will ask you to verify your identity, which usually comes with increased limits. Unfortunately, there is no no sign up LTC casino option, so you would have to go through this process.
And second, it’s the same with each casino. Some casinos have pyramid-like structures where your deposit and withdrawal limits increase alongside your ranking on the site. As a general rule of thumb, you’d likely encounter daily limits starting from 0.01 LTC. The lack of a top limit is present at most casinos is one of the best things about cryptocurrency gambling.
How to Make a Deposit Using Litecoin
Once you’ve had your wallet charged with Litecoin, you can proceed to the next step before playing games: depositing the money into your casino account. To do this, follow these steps:
Log in and go to the payment section of the LTC casino.
Choose Litecoin as your withdrawal method.
Copy the online Litecoin casino wallet address or scan the QR code (if the wallet is installed on your mobile).
Open the wallet and click Send.
Paste the address there.
Confirm the transaction.
You should see the funds get added in a matter of minutes.
Bear in mind that some wallets will charge you a small amount for the transaction. The good news is that the fees are nowhere near fiat currency fees.
How to Get Paid Using Litecoin
The process is very similar with withdrawals too – just in a different order.
First copy your wallet address.
Go to the payment section of the online casino Litecoin.
Choose LTC and input the amount you wish to withdraw.
On the next page, paste the wallet address in the designated field.
Confirm the transaction.
You should see the funds in your wallet within a few minutes.
Litecoin is used for both deposits and withdrawals at most casinos. As there are no institutions in between your wallet and your casino account, you won’t experience any of the delays associated with a fiat currency.
Alternative Cryptocurrencies for Online Gambling
Besides Litecoin, you will find a plethora of other cryptocurrencies you can use for gambling. Choosing one would depend on how much you want to invest, and how much game-makers have turned their attention towards adapting their products to that specific currency. If you have experience with Bitcoin, Ethereum, Solana, TRX, Dogecoin, and Avalanche, among a dozen others, you might use them instead of Litecoin. Read our reviews for additional information.
Bonuses at Litecoin Casinos
As Litecoin casinos are not specialized – but also provide other cryptocurrency options – bonuses are usually in fiat currency or Bitcoin value. Rarely, you would find an LTC-only bonus. Here is a list of offers you will encounter:
Welcome Bonus
The best Litecoin casino is a casino that usually offers a tasty reward for your first deposit. This type of Litecoin casino bonus ranges from 10 LTC to 20 LTS, or between $1,500 and $3,000. In some cases, the welcome package may reach $5,000 in value and is accompanied by free spins.
Reload Bonus
Taking a notch up, some Litecoin platforms will give you more rewards for your next few deposits or deposits made on a certain day of the week. These bonuses can be claimed with a bonus code. Stay vigilant in the online space to get your hands on the best bonus code for Litecoin casino.
No Deposit Bonus
Although not as widespread as other types of bonuses, you will find them at some Litecoin casinos. No deposit.
Cashbacks
Litecoin casinos have excellent cashbacks on deposited or wagered money from a previous session period.
Loyalty Program
Some casinos award long-term users with loyalty points for each deposit. You can use these points to secure new bonus offers or physical items and vacations.
Keep a close eye on the casino’s promotions pages for the latest Litecoin casino bonuses.
Pros and Cons of Litecoin Casinos
Litecoin is a decent alternative to Bitcoin. Its lower value appeals to a wider range of people and crypto beginners. But this is not the only perk in its arsenal. Below, you’ll see a list of pros for Litecoin online gambling:
Pros
Low Fees – Litecoin is one of the better options out there when it comes to transaction fees. Expect casinos not to charge you, but the Litecoin wallet may subtract a small amount for their services – a few cents.
Security and Privacy – As a blockchain technology, Litecoin is not regulated. Transactions remain anonymous and cannot be intercepted by hackers or ill-will parties. However, remember to keep your wallet in a safe place, if possible.
Quick Withdrawals – The best LTC casino is always characterized by speedy withdrawals. As soon as you confirm the transaction from the casino controls, you’ll get the funds in your wallet in a couple of minutes.
Cons
Volatile in Value – Like other cryptocurrencies, Litecoin’s value may go up or down suddenly. Consider this before using it.
Casino Licenses – Crypto casinos’ hands are untied to operate in the legal loopholes. Pay extra attention to their licensing information and only play at licensed casinos. Standard practice is to run your security checks with any new LTC casino.
Currency Conversion – Some casinos will not allow you to play with Litecoin even if they allow you to make a deposit or withdrawal with it. They will usually use a conversion rate to convert Litecoin into fiat currency for the transaction. It is most efficient to play at casinos that allow pure Litecoin play.
As you can see, Litecoin has most of the positive sides of other popular casinos – performing better in some cases – but also has a few drawbacks. Add the two together to decide whether this currency fits your purposes.
Conclusions
LTC is an excellent and cheap alternative to Bitcoin. It is far cheaper in value – over 40 times. This makes it ideal for an online casino player who likes to see fewer zeroes on the wrong side of the first number. The finite number of Litecoins – around 84 million – completely ties the value to the number of people using it. However, it also makes its value very volatile, which could add to the gambling experience or subtract from it – depending on what level of thrills you seek.
While in smaller numbers than Bitcoin operators, Litecoin casinos can be found in every nook on the internet. The range of games offered by such casinos does not cede ground to Bitcoin or fiat currency casinos. What’s more, the welcome bonuses are very appealing and can reach up to $5,000.
Overall, Litecoin casino gambling is one of the best options around if you are new to cryptocurrencies. The variety of games and bonuses you will encounter will not shatter your previous pleasant experiences from playing at fiat currency casinos. To conclude, we recommend Litecoin online gambling to new cryptocurrency enthusiasts.
This review aimed to build on existing Litecoin casino reviews and to familiarize you with the peculiarities of Litecoin casino gambling. We explained how you can set up a wallet, what games and bonuses you’ll encounter, and how you can deposit and withdraw. To help you decide, we listed out Litecoin’s pros and cons. To learn more, please read the following FAQ section.
Is it safe to make a deposit using Litecoin?
Litecoin provides better security and privacy than fiat currency. However, to ensure that you are 100% safe at any Litecoin online casino, you need to make sure they have a valid license and SSL encryption certificate. Always check for those.
How to deposit using Litecoin?
You can make a deposit in no time over several simple steps. Once you’ve set up your wallet, go to the Cashier section of the casino. Choose Litecoin. Input the amount. Copy the Litecoin online casino’s crypto wallet address. Open the wallet where you keep your Litecoin and click Send. Paste the address there and confirm.
Is it legal to play at a casino using Litecoin?
Dealing with Litecoin is legal in the USA and most of the western world. However, if you are based in the USA, check with your state of residence to learn their laws – not every state supports online casino gambling.
Are Litecoin casinos anonymous?
As a blockchain currency without central regulation, LTC transactions provide close to 100% anonymity. However, you will need to go through an identity verification process with the casino Litecoin. You will need to send them copies of your driver’s license, id card, or utility bill. Don’t be discouraged by this. Any casino willing to call itself ‘best LTC deposit casino’ has such a process in place. It means they operate legally.
Are there any Litecoin casinos?
There are a lot of casinos that support a wider range of cryptocurrencies. The best Litecoin casinos are ones that permit Litecoin deposits and withdrawals and have a great package of services on offer. Some names to try are BitStarz, 7Bit, mBit, and Cloudbet. Check if online casino gambling is allowed in your location before moving forward.
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