Litecoin is an altcoin cryptocurrency similar to bitcoin. It officially launched in 2011 on October the 13th. In fact, Litecoin is a source code fork of Bitcoin. Although it is a fork it has some slight operational variations for instance lite coin has a different hashing algorithm. Also, its graphical user interface is different and also has increased the maximum number of coins in addition to a shorter block generation time. Since its launch in October 2011 Litecoin has exponentially grown in its value and at the time of writing one light coin was equal to US$48.
You’re probably interested in finding out how to use Litecoin when you gamble online. Fortunately, most online casinos now offer cryptocurrencies even altcoins like Litecoin as a deposit and withdrawal method. We have reviewed several gambling sites and found the best casinos accepting Litecoin. Some players are under the misconception that only bitcoin is accepted. there are many casinos which accept altcoins as a legitimate form of deposits and withdrawals. Will expand further as we go along how to use Litecoin at online casinos. Below is a list of the best online casinos that use cryptocurrency such as Litecoin and more.
Think of Litecoin as an electronic wallet with funds you can transfer at will to pay for different transactions. You can pay directly from the Litecoin wallet into your casino account. However not everyone knows how to mine Litecoin or is even interested in mining it. You can simply download a trustworthy Litecoin wallet such as Electrum and Loaf wallet. You can purchase Litecoin to get you started using your credit card. Once you have the desired amount of coins in your wallet you proceed as you would with any other deposit method.
Once you login to any of the top-rated casinos we recommend, head on to the cashier.
Choose the cryptocurrency option and select Litecoin as the payment method.
At times casinos do not list all the available deposit methods, so if you do not see Litecoin there simply speak to customer support (on live chat for instant responses) and they will assist you.
The great thing about cryptocurrency and altcoin like Litecoin is that it offers instant or quick deposit times. So, you can begin playing games for real money almost as soon as you make your payment.
Why Choose a Litecoin Casino?
Litecoin has a great advantage as an online casino payment method. Some of the perks of using Litecoin to play casino games online are:
Exclusive Litecoin Bonuses
Often casinos will give extra bonuses to players who use crypto currencies.
Lower minimum deposit.
All casinos have a set minimum deposit for playing casino games, when you use Litecoin you will get a lesser minimum deposit requirement. Essentially you get to play and win more for less.
Depositing with altcoin means you get to play quicker. For instance, players who deposit using a bank wire transfer may have to wait until the funds reflect in the casino account before they can start playing.
Instant Same Day Payouts
Using Cryptocurrency means you often get your payouts in 24 hours. The most a withdrawal will take to be paid out after your withdrawal claim is processed is 48 hours for Litecoin and other cryptocurrencies.
Depositing and withdrawaing with Litecoin means extra security for your funds because of the hashing algorithm Litecoin uses which safeguards from wallet stealing trojans and virus. You also get to keep your credit card info private since depositing with altcoin negates the need for your banking information