Table of Contents
- What is litecoin?
- How does litecoin gambling work?
- Best litecoin gambling sites
- The common types of litecoin gambling
- Advantages and disadvantages of litecoin gambling
Presently, litecoin casinos are the second in popularity after Bitcoins among all crypto currencies. At the best LTC gambling houses, you will find the full collection of games from the most reputable developers.
What is litecoin?
Litecoin (LTC) is another crypto currency that is widely used in online gambling. Litecoin is an independent digital currency that cannot be taxed. However, it is dependent on users that employ it. Moreover, litecoin has one of the fastest confirmation times – 2.5 minutes.
On October 7, 2011, Charlie Lee released this digital currency via the open-source client on GitHub. It has enlarged the maximum amount of coins, different hashing algorithm, and slightly modified GUI.
In November 2013, LTC reached one billion of market capitalization. In August 2017, litecoin market capitalization reached over 2,3 billion dollars. One litecoin costs for about 43 dollars.
How does litecoin gambling work?
To gamble at online casinos with litecoin, you should create LTC wallet. You can download it either on your desktop computer or any mobile gadget. Litecoins can be sold and purchased using the same exchanges which sell you other digital currencies.
Litecoin gambling is an entirely anonymous process. So, use any of your emails to register at an online casino, which you choose for gaming with litecoin. As a rule, registration is always required even though it usually takes less than a minute.
Having registered, you should make a litecoin deposit at the chosen gambling venue. To do it, you need to know the casino LTC id number where you will transfer your litecoins. It can be easily found at the casino website.
Litecoin deposits and withdrawals are almost immediate. When you wish to withdraw your winnings, enter your LTC wallet id number and specify the exact amount of the transfer.
Best litecoin gambling sites
In this section, you will find the best litecoin gambling sites. All of them offer the most varied amount of the best online games.
This litecoin casino offers a lucrative welcome bonus equaling 100% up to one LTC. The casino proposes fast deposits and plenty of poker games. The most popular litecoin Slots are Pirate Slots and Gold Rush Slots. Betcoin.Ag also offers a profitable Sportsbook.
The casino suggests all players a welcome bonus on the first deposit equaling 125% up to one LTC. At games at this popular LTC gambling place can be played directly from the browser. All games are unique. The newest SSL encoding protects Gambler’s personal and financial info. Among the most admired games, there is quick LTC dice offering only 0,85% house edge. Litecoin Wheel of Fortune offers up to 98,3% RTP!
This online casino gladly welcomes LTC players. Here you can make sports bets, trade on Forex, and gamble the most exciting live games in the industry using litecoins. The casino offers provably fair Litecoin games, including Keno and Bingo with the lowest rates, as well as LTC Dice with robot roll and just one percent house edge.
The common types of litecoin gambling
Litecoin can be used in many types of gambling. Below you will find the most common ones.
Litecoins have started to be actively used in sports betting. Players, who like to predict sports results, already have several places where they can wager on the outcome in litecoins. The most popular games in Sports betting are American football, track cycling, mixed martial arts, Association football, baseball, auto racing, basketball, hockey, and boxing. Litecoin betting has become popular for such non-athletic events as political elections and reality show contests, as well as for non-human contests (greyhound racing and horse racing). The process of placing bets in litecoins in all games mentioned above is the same as if you bet on traditional currencies.
From recently, you can use your LTC for gambling in the most online casinos. All types of the most popular casino games are available. These are video poker games, various kinds of slot machines, table games, live dealer games, and specialty games. The process of gambling is completely the same as in all traditional ground-based gambling houses.
Poker is undoubtedly the most favorite type of game among all players worldwide. Numerous variants of poker are available for LTC players. These are Follow the Queen, 7-Card Draw Poker, Texas Hold ‘Em, High/Low Chicago, 5-Card Stud, etc. The principle of LTC betting is the same as if you use any other traditional or digital currency. Just choose the beloved game, deposit some LTC, and start winning the jackpot!
Litecoin financial trading is prevalent among many players. You can trade at Forex all-the-day-round. Trading LTC is the same as trading other currencies (conventional or digital).
Esports is another common type of litecoin gambling. Numerous Esports events are available everyday for placing bets in litecoins. The most popular ones are Counter-Strike series, Quake, Unreal Tournament, Call of Duty, Gears of War, Dota, StarCraft, FIFA, NHL, NBA, Trackmania, League of Legends, Tetris War Thunder, and many other prominent titles. Please note that Esports litecoin jackpots are the most rewarding among all other types of LTC gambling. To place an LTC bet in any game or tournament, you should choose a game from the list of forthcoming events and deposit your account. Then think thrice which game to gamble. Never hurry and keep calm!
Advantages and disadvantages of litecoin gambling
Like any other digital currency, litecoin has its pros and cons. Let`s observe the key ones.
Benefits of litecoin gambling
- All litecoin games are provably fair (a player can check the fairness after every game);
- Completely anonymous payment;
- You need to attach neither backup nor personal documents;
- A gambler pays no transaction fees;
- Not expensive minimum deposit;
- Litecoin is the second biggest crypto currency market;
- No additional fees for operations with larger sums;
- No need to use credit cards or cash to place bets on your favorite events;
- The best litecoin gambling websites strictly protect all gamblers` financial info;
- Your LTC earning can never be taxed, as no government controls this digital currency;
- Litecoin confirmation time is four times faster than Bitcoins;
- The amount of all available litecoins increases every day.
Drawbacks of litecoin gambling
- If somebody gets access to your LTC wallet and steals all money, no government can protect you;
- Litecoins are unpredictable. Their value may jump up and down on a daily basis particularly because of the decreased number of LTC available;
- The client code of litecoin platform is fundamentally unstudied, being based on an out-of-date Bitcoin version. Thus, serious errors can abruptly take place.
Now you have a full guide to litecoin gambling. You understand now how LTC works and the fundamental principles of gambling with it. Three casinos mentioned about offer a complete range of various games for litecoin gambling. Pros and cons of litecoin gambling allow you to realize whether you should use litecoin for gambling entirely. After all, a real gambler is to try all types of payment means to choose the one, which will suit most according to different parameters.