Online casinos providing Litecoin>
Litecoin casinos, shortly LTC online casinos, are becoming quite popular with online gamblers for a few years now. The main arguments for this advance are the lightning-fast transactions and excellent levels of security for online casino players. Based on this article, you can learn more about this cryptocurrency and the benefits of top Litecoin casinos listed on MobileCasinoPlay. Short preliminary note: online casinos that allow players to deposit in Litecoin typically feature a series of other cryptocurrencies, for example Bitcoin, Doge, USDT, Bitcoin Cash and more, but for this page, we will focus solely on Litecoin.
What is Litecoin?
Onto all altcoins, Litecoin is a very interesting cryptocurrency. It was first created around the same time Bitcoin was starting to make name around the world. Litecoin (LTC) is a cryptocurrency that emerged more than a decade ago as one of the first alternatives to Bitcoin. But Litecoin's value is much smaller than its proverbial ‘big brother’ BTC.
Besides, Litecoin transactions are very quick when compared to Bitcoin. A usual BTC block transfer takes approximately 10 minutes whereas LTC is only 2 and a half minutes. In other words: LTC is faster thanks to its shorter block time. That’s a huge difference and selling point, especially for players who make regular transfers.
Note that Litecoin rates fluctuate frequently, so a bit of knowledge of cryptocurrencies may be required! Some casinos do not accept LTC, still not widely accepted!
What Is a Litecoin Casino About?
A Litecoin casino is an online gambling site that accepts Litecoin transactions as a payment method. In other words: Litecoin is an alternative payment method to traditional fiat currencies, like USD, EUR, CAD, NOK, NZD etc. At these sites, you can use LTC to deposit your money, play with it, and withdraw your winnings using your LTC again.
Key Benefits of Casinos Accepting LTC
When you opt for Litecoin as your crypto of choice, these are your benefits:
1. Decentralised transactions. LTC operates on a decentralised blockchain. This means that your transactions are secure and transparant without intervention of third parties.
2. Low transaction fees. Litecoin transactions have lower fees than traditional payment methods.
3. Anonymity. Litecoin's transactions provide a degree of anonymity not offered by traditional casinos using fiat currency.
4. Security. The blockchain technology ensures a high level of security, making it quite resistant to fraud and hacking.
What About Litecoin Casinos Bonuses?
Litecoin casino bonuses are meant to attract new players and reward existing players. Crypto and more specific Litecoin bonuses come in various options:
1. The first promotion you can activate at a new casino is of course, a welcome bonus. Sign-up bonuses, which nowadays often come in welcome packages, are given to new players upon registering. They usually include a percentage match on your first deposit, e.g. a 200% welcome bonus to triple your initial LTC deposit. This is the most common variant. The basic rule in this case is that you must always hand over your own money, i.e. your own LTCs, to the relevant online casino of your choice. A crypto/LTC bonus therefore works in the same way as a traditional fiat bonus.
The minimum deposit for Litecoin depends on the casino but varies mostly between 0.010 and 0.035 LTC.
2. Although more exclusive, a no deposit LTC bonus can also be found. These promotions work by offering a small amount of LTC or free spins as a no-deposit bonus just for registering. This very exceptional nodeposit bonus allows players to explore the casino without risking their funds.
3. The Free Spins LTC bonus comes next. As always, the most popular among Litecoin players. Free Spins bonuses provide players with some spins on specific slot games.
4. The Cashback bonus you have to consider as a safety net. This bonus opportunity reimburses some of your losses within a specified time frame, i.e. a week
5. VIP and Loyalty programs are also among the propositions of Litecoin gambling sites. When you play a lot you can get more significant benefits as a crypto/LTC depositor because you will climb more rapidly up the loyalty scheme ladder.
What about Crypto Games at Litecoin Casinos?
In recent times, the online casino software providers have embraced cryptocurrencies. For that reason, they have produced casino games that can be played with crypto, with of course Litecoin included. Why? In this way, the need is removed to convert Litecoin into fiat currencies.
The best casino providers have a separate section with 'BTC games'. These games differ per casino. Examples of BTC games are: Platinum Lightning, Aztec Magic, Book of Egypt, and the freshest releases and powerful progressive jackpot games like Mega Moolah and The Slotfather.
Banking Options with Litecoin
Regarding the Litecoin payment options, we would like to emphasize the following in this paragraph. In most online casinos that accept Litecoin deposits, it is not possible to withdraw these Litecoins afterwards. In other words: players can deposit LTCs into their casino account, but once they have won money, they come to the unpleasant conclusion that they cannot reclaim their won Litecoins from the casino.
This may imply that you will need to use a cryptocurrency wallet that supports LTC but sends the casino funds in fiat currency. It may also mean that the casino will need to perform the currency exchange for you, but the exchange rate will not necessarily be in your favour.
The best casinos offer live support to players via their customer support staff for help with issues regarding depositing and withdrawing Litecoins.
Our personal advice for players is to use the same payment method that you chose for the deposit to cash out your winnings.
Are Litecoin casinos safe?
Generally, an online casino is safe if it’s licensed and has staunch security protocols. That applies to LTC casinos too. The coin is secure on its own and allows for fast and anonymous transactions. Our conclusion: iff the Litecoin casino has a valid license with secure measures like SSL, then it’s safe to use. (You should only sign up with a reputable casino).
Recommended LTC online casinos
Keep in mind, though, that some online casinos may accept Litecoin for deposits but only Bitcoin for withdrawals!7Bit casino: LTC deposit and withdrawal,
BitStarz casino: LTC deposit and withdrawal / special BTC games available
Tsars casino: LTC deposit and withdrawal,
Wild Tornado casino: LTC deposit and withdrawal,
Katsubet casino: LTC deposit and withdrawal / special BTC games available
FastPay Casino: LTC deposit and withdrawal, special / LTC games available
Cobber casino: LTC deposit and withdrawal, special / LTC games available
Brango casino: LTC deposit and withdrawal,
Stake casino: LTC deposit and withdrawal
