Litecoin Casinos – Spin Reels Using LTC
Litecoin is not only one of the most popular cryptocurrencies out there. It is also one of the older ones. It got created by Charles Lee in 2011 as a fork of Bitcoin. Essentially, Litecoin is different from its predecessor in that it features Scrypt as a proof of work scheme and has a faster block generation rate. Many call it silver to Bitcoin’s gold. It often ranks as a top-ten crypto coin. Due to its structural similarity to Bitcoin, Litecoin frequently gets used as a testing ground for improvements that will likely, later on, get applied to the world’s dominant digital form of money. Tech detail-wise, Litecoin is virtually identical to Bitcoin.
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What Are Litecoin Casinos?
Litecoin casinos are nothing more than gambling sites that let you use LTC as a payment method. Nothing more. We have seen a handful of Litecoin-only platforms over the years but have chosen not to review them, as they lacked the quality necessary to get featured by us. Thus, most Litecoin online casinos you will stumble upon on the internet, in general, and on BTCGOUS, will offer this crypto alongside Bitcoin and a few others.
What Are Some Games That You Can Enjoy with LTC?
There are no LTC-restricted games. If a crypto casino you fancy accepts LTC, you should be free to play all its offered products. Below, we break down a few of your gaming options at Litecoin gambling sites.
Litecoin Slots
Slots rule the online gambling sector. Products from NetEnt, Pragmatic Play, Microgaming, and a slew of other providers dominate digital casino floors. You can play all of these games at crypto gambling sites that accept LTC. Hence Litecoin slots are an option.
Litecoin Live Games
While it is accurate that reel-spinning games face no threat when it comes to the throne of the internet’s number one gaming option, live dealer tables are slowly growing into a viable contender. Litecoin blackjack, roulette, and baccarat are available on many platforms, where you can put your luck and decision-making prowess against a croupier in an HD studio located on the other side of the planet.
Litecoin Lottery-Style Gaming Products
Yes, Litecoin crypto casinos do offer lottery-style gambling. So, keno, bingo, and scratch cards are betting options you can enjoy at most LTC-accepting platforms. You should find these under the specialty games category, along with novel products like fish table shooters.
Litecoin Provably Fair Games
In the past, provably fair games were the backbone of the crypto gambling sector. Today, they are not as popular but remain an attraction that caters to a niche crowd. Litecoin dice, hi-lo, crash, plinko, and a few other simple games whose results you can verify, and seed number you can reset, should be available at a decent amount of Litecoin platforms.
Litecoin Sports Wagering
Sports betting is continuously gaining traction as more and more territories legalize this activity. However, most Litecoin sportsbooks accept bettors from a vast range of regions, so finding one that lets you register should not be a problem if you want to lay down bets on your favorite sports team in LTC.
What are the Pros of LTC?
Let us talk about the benefits of using Litecoin.
It Is Fast
We already touched on this in the intro. Litecoin is four times faster than Bitcoin. That means that it processes transactions within a maximum period of 2.5 minutes.
It Is Easy to Trade
Virtually every exchange and popular wallet support Litecoin, and it has an excellent reputation with crypto aficionados. Thus, holding it in your crypto wallet should not induce too many hassles, as it has a low volatility level, and you can get rid of your LTC fast if you need to do so.
It Has Low Transaction Fees
Overall, and particularly compared to some of the other popular cryptocurrencies.
What Are the Cons of LTC?
The main drawbacks of using LTC are:
It Has Lost Some Credibility
In 2017, Charlie Lee, Litecoin’s developer, sold his holdings when Litecoin prices were surging. That left some to speculate that he did not have long-term faith in the coin. The LitePay service going under also set off alarm bells with some investors about the long-haul prospects of Litecoin. Its upgrades also often feel like patches.
It Gets Connected with Illegal Activities
In 2018, a report suggested that 30% of Dark Web vendors accept Litecoin, making it the second-most-used coin on the Dark Web. This stat also casts doubts on the future of this crypto.
It Is Growing Too Slowly
Yes, Litecoin’s price jumps every year, but not close to the same level as Ethereum and Bitcoin. Thus, it may not be as safe an investment as its competitors.
How to Start Gambling with LTC?
To begin betting with LTC at Litecoin crypto casinos, you will need to:
Get an LTC Wallet
According to most, the best LTC wallets are LiteVault, Exodus, Guarda, Exodus Mobile, Litecoin Core, Ledger, and Trezor.
Purchase LTC
You can buy LTC on Coinbase, eToro, Binance, Benzinga, Kraken, and many other popular exchanges.
Put LTC in Your Litecoin Casino Account
When you have a crypto wallet with LTC in it, you must open the banking page of your Litecoin casino, pick deposit, Litecoin, and enter the amount of LTC you wish to transfer over to your gambling balance.
Picking a Decent Litecoin Crypto Casino
If a Litecoin gambling hub looks appealing at first sight, before creating an account, go through our review of it, paying attention to these things:
Quality UX Design
A decent UX design can help provide smooth gambling entertainment and reduce unnecessary hassles. You should move from one section of a Litecoin site to another with ease on desktop and mobile devices. If that is not so, maybe you should look into another casino accepting Litecoin.
Simple KYC
If you are a BTCGOSU regular, you know where we stand regarding KYC procedures. They need to be as simple as possible, as they are the bane of most internet gamblers’ existence. Check the T&C of the site you are considering to see if it makes life difficult when you attempt to remove funds from your balance.
Game Selection
If you are not a provably fair gambler, you likely want to have access to a robust game lobby. Glance through our review of the platform you are thinking about joining to see how many products we list it has and from who. If what you read in that section of our review satisfies you, go ahead and sign-up. If it does not, skip it and search for a Litecoin gambling platform that fits your interactive gaming appetite.