If online casinos were born before the 2000s, much more recent are the ones that accept cryptocurrencies as a method of payment. Among these various online gaming sites that allow deposits with digital assets, we can mention Litecoin casinos.
Through this publication, we will show you how Litecoin Casino works and what you need to know before playing on such a platform. This way, you can start your first games with LTC under the best possible conditions.
If you are familiar with online casinos, you will find that there are many similarities between them. However, you will notice that there are major differences that make LTC casinos have their own specificities.
What is Casino Litecoin?
Litecoin casino, as the name suggests, is an online gaming platform that allows users to deposit with at least LTC. However, these operators can be classified into three broad categories.
First of all, there are Litecoin casinos that can only be deposited with LTC. The money is then converted to real currency like the Euro and the players play fiat money games. After that, it is sometimes possible to convert the euro to LTC to request a withdrawal in this crypto, but in some cases it will be necessary to withdraw in euros.
Secondly, we can talk about casinos where you can deposit in Litecoin and where you can also play games directly with LTC. This type of operator is ideal for people who want to do everything with Litecoin.
Thirdly, there are some crypto casinos that only work with blockchain games. Of these, only a few games are available, but their advantage is that they are 100% secure with blockchain.
Is there an LTC casino that takes Litecoin seriously?
When you emerge in the cryptocurrency industry, you realize that there are many scams in the industry. Unfortunately this is also true with an LTC casino, and you have to be very careful before lodging with such an operator.
If you want to register at Litecoin Casino, it is important to do a complete analysis of the platform to make sure that it is reliable and genuine. To do this, you need to review some important points of the casino or consult specialized sites that do this for you.
Because it is an exercise that requires some expertise, it is unfortunately not within everyone ‘s reach. That’s why, thanks to our experts, we have reviewed several Litecoin operators. We have put the best of them in our table at the beginning of the article, please do not hesitate to register with one of these operators if you are not able to do your own research.
Can we trust your analysis?
The analyzes of the various online casinos we run were conducted in a neutral, objective and impartial manner. We then assign a rating to the operator based on the results of our test.
However, we would like to point out that this is based on our own criteria. Because each player is unique, he or she may favor one criterion over another and not fully agree with our analysts. However, if we find that a LTC casino is high quality, this is usually true for most other users.
Our views must therefore be considered as supports on which you can base yourself before registering with an operator. The rating we give to each operator reflects their overall quality, but your own analysis, which depends on your personal preferences, is the only one that can suit you 100%.
Online casinos usually offer promotions and welcome bonuses to their users. When you play at Litecoin Casino, you will also be eligible for these promotional offers.
The amount of bonus money you get playing at a Litecoin Casino is usually much higher than what you play at a traditional currency operator. In fact, the bonuses offered on the latter are usually a few hundred euros, and sometimes the amounts in Litecoin can be as much as ten tens of LTC.
It should be noted that some crypto casinos only offer bonuses in BTC or ETH, but it is possible to deposit in LTC. Sometimes, so you will need to first convert your Litecoins into one of these two currencies (your favorite bitcoin) to take advantage of a generous offer. However, most operators allow you to get bonuses directly with LTC, but this is not the case on some sites.
The concept of transactions at a Litecoin casino is similar to the concept of classic transfers in the world of cryptocurrencies. You need to find the casino’s LTC wallet address and send it what you want to deposit. The address purse It is usually easily found in the cashier of the casino.
Litecoin casinos do not charge fees for transactions. However, it is necessary to reward the miners who take care of processing the transactions. Fees may vary depending on the congestion of network traffic, as well as the amount of time it takes to deposit the money into your account.
For some operators, you must also not forget to enter a bonus code before making your LTC deposit if you want to take advantage of an offer. Otherwise, you will not be able to get the bonus and it will not be possible to get it later by contacting customer support.
To withdraw an LTC win, it is usually necessary to complete an identity verification procedure. To do this, you must send proof of address dated less than 3 months and a photo of an identity document.
However, in some casinos that work 100% with the blockchain, this identity verification procedure is not always necessary, but this type of platform is not very prevalent when playing with Litecoin.
Also keep in mind that most operators claim that you have no active bonuses in your account before you can withdraw. To do this, you must completely unlock your original offer, or cancel it with the risk of losing all associated winnings.
What are the benefits of Litecoin casinos?
When we play at Litecoins casinos, the general reason is that we prefer them to classic platforms on which we play with euros. This is for many different reasons, but we will only mention the 3 most important.
First of all, we can mention that we remain anonymous while playing at LTC casino. In fact, it is just our sermon purse to express and it is then difficult to connect it to our true identity.
Secondly, the transactions performed with the blockchain are secure and traceable. This means that an operator cannot claim not to have received a Litecoin transaction because it must be registered on the public blockchain.
Third, we can state the speed of withdrawals. Unlike traditional withdrawals which may take several days, these are credited within minutes of being approved by the casino’s finance department.
What are the disadvantages of LTC Casino?
When there are advantages to using a method, there are also likely to be disadvantages. We are going to explain to you the three main problems of LTC Casino.
You need to know how to get Litecoin and understand how cryptocurrency transfers work. If you are familiar with the industry, it’s easy enough, but for beginners, it’s a bit of an obstacle course to become familiar with the blockchain environment.
Then we have to mention the fact that the transactions are irreversible. If we make a mistake before moving it to the wrong address purse Litecoin, it will not be possible to cancel it and the sent LTC will be lost forever. So you have to be very careful about this.
Finally, we can cite the most important disadvantage, that of scams. If you are not careful about the LTC platform you are about to play on, you have a high chance that you will never be able to collect your winnings. That’s why we advise you to be careful before depositing at Casino Litecoin and only play at casinos that we recommend as the ones you can find at the beginning of the article.
Is it also possible to play with other cryptocurrencies?
Want to play Crypto Casino with cryptocurrencies other than Litecoin? Then you will be delighted to find out that there are many different digital assets that can be used to play games at online casinos. However, depending on the cryptocurrencies considered, the offer can be more or less important.
If you want to deposit with bitcoin (BTC) or ether (ETH), then know that almost all crypto casinos allow you to use these digital currencies to make deposits. All operators accept BTC and few refuse payments to ETH.
However, if you are looking to play with less common and less capitalized cryptocurrencies, it may be quite difficult for you to get your hands on a platform that accepts your crypto choice. However, the offer is starting to expand and it is a safe bet that hundreds of cryptocurrencies will be accepted as a payment method in the near future.
Disclaimer : Online gambling can be dangerous, do not bet more than you can lose. Please also check if online gambling is legal in your country before signing up to a casino.
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I discovered the world of cryptocurrencies in January 2018. After the worst time to invest, I have not stopped training since then and now I share my knowledge to facilitate crypto adoption.