Litecoin is a popular cryptocurrency that has been gaining traction in the online gambling industry. In fact, many gamblers prefer using Litecoin for online gambling, not only due to its advantages over traditional fiat currency online casinos but also because it has a few benefits over Bitcoin. In this article, we will consider why Litecoin is such a popular choice for online gambling and what it offers.
For the folks who already know about what to expect from Litecoin casinos, we have prepared the list with the most popular and reliable ones:
- slots from all of the popular providers
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- 11 cryptos and many usual currencies accepted
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- 1000+ games
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- more than 3500 games
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- 19 cryptocurrencies accepted
Litecoin is a decentralized digital currency that was created in 2011 as a fork of Bitcoin. It is based on the same open-source code as Bitcoin and shares many of the same features, such as being based on a decentralized ledger technology (DLT) called the blockchain. However, Litecoin has some key differences that make it a more attractive option for certain users.
Using Litecoin in online casinos
One of the main benefits of Litecoin for casual users is that it is easy to manage.
Most crypto wallets support Litecoin, making it easy to store, manage, and spend. This is especially useful for online gamblers, who need to be able to quickly and easily deposit and withdraw funds from their gambling accounts.
For those who are not experienced cryptocurrency users and do not already have Litecoin, it is easy to obtain it on any reliable crypto exchange like Binance or Kraken. These exchanges allow users to buy Litecoin with fiat currency or other cryptocurrencies, making it easy to get started with Litecoin gambling.
It is recommended to transfer the coins to a personal crypto wallet after purchasing them on an exchange, as this adds an extra layer of security and helps protect against potential hacks or thefts.
While there are almost no casinos that accept only Litecoin, most crypto casinos have this coin as one of their deposit methods. This means that gamblers who prefer to use Litecoin for their online gambling needs have a wide range of options available to them.
Litecoin vs Bitcoin - what to play with?
Despite the fact that Bitcoin is still the most popular cryptocurrency for gambling, Litecoin has some key advantages over it.
For one, Litecoin transactions are generally faster than Bitcoin transactions, which means that deposits and withdrawals from gambling sites are also faster. This is especially important for gamblers who want to be able to access their funds as quickly as possible.
Additionally, Litecoin has lower fees than Bitcoin, which means that users can save money on transaction costs when making deposits or withdrawing winning.
Gamblers who like to play with casino bonuses will also be pleased to find out that most of the bonuses at crypto casinos are also available to claim using Litecoin. This means that Litecoin users can take advantage of welcome bonuses, deposit bonuses, and other promotions just like any other player.
The amount of games that can be played with Litecoin is not inferior to usual currency online casinos. In fact, many online casinos now offer a wide range of games that can be played using Litecoin, including slots, table games, live dealer games, and sportsbetting. This means that gamblers who prefer to use Litecoin can enjoy all of the same games as those who use traditional currencies.
The bottom line
Overall, Litecoin is a convenient and flexible choice for online gambling. Whether you are an experienced cryptocurrency user or new to the world of crypto, Litecoin offers a number of advantages for online gamblers. With its fast transaction times, low fees, and wide availability, it is easy to see why many gamblers prefer Litecoin for their online gambling needs.