Overview of Litecoin
Similar to Bitcoin, Litecoin is one of the top cryptocurrencies, in terms of both technology and market cap. It appeared in October 2011 by Charlie Lee and is currently one of the most popular cryptocurrencies for online games.
Transactions in this cryptocurrency are done exclusively online and can be used to send peer-to-peer payments almost instantly. Besides, this cryptocurrency has a number of other unprecedented advantages, the main advantages being that the transactions are fake, almost instantaneous, and there is no third party involved, so all have, low cost.
Due to this remarkable foray into how conveniently people can move money, Litecoin becomes a deposit and withdrawal method with online casinos today.
If you are looking for an online casino that accepts this cryptocurrency as a payment method then check out our list below:
- BitStaz Casino
- Casino mBit
- FortuneJack Casino
- King Billy Casino
- Casino Betchain
- CryptoWild Casino
- Syndicate Casino
Why Should You Join Litecoin Casinos
Litecoin is a "decentralized" digital currency, meaning it is not under the control of any central bank or issuer. Therefore, like bitcoin, there is no government that has direct control over the price action or distribution of this cryptocurrency. So it's completely anonymous and no one knows what you own.
Here are the advantages of using Litecoin casino for your gaming entertainment needs:
- Litecoin transactions are not tracked by any government agency
- It is not a reserve asset or fiat currency
- It is a popular digital asset with good trading volume and market cap
- It is suitable for online gaming transactions
- Using this cryptocurrency helps to disrupt the financial system
- It offers cheaper transaction costs compared to fiat currencies
- This cryptocurrency transaction is faster than a bank transfer
- It is continuing to grow in popularity around the world
How to Handle Payments at Litecoin Casino Sites
You deposit money at Litecoin casino by visiting the cashier section of your casino website. There, you will find a list of deposit options, choose LTC as the payment method. Transfer your LTC from your personal wallet to a wallet on the casino platform.
When you undo actions your casino account balance increases, after which you can start playing your favorite games. However, when withdrawing your winnings will be a little bit different. Basically the same start as when depositing, you navigate to the same casino cashier tab and choose your preferred payment method, LTC. However, online casinos will need you to confirm your identity before completing a withdrawal.
This cryptocurrency operates on a blockchain network independent of other cryptocurrencies. As a result, you get safe deposits and withdrawals, with fast transaction times. You will lose a small fee when making a transaction, the average transaction cost for the LTC blockchain is about 10 cents, much lower than the fee to deposit by credit card, which can be up to 4%.