What’s Litecoin?
While bitcoin is perhaps the most well-known cryptocurrency, you may not have quite so much experience with litecoin. Sometimes shortened to LTC, litecoin is similar to bitcoin in that it exists as a virtual, non-physical cryptocurrency. Initially, the developers of the cryptocurrency wanted LTC to be a better version of Bitcoin. Although bitcoin has overcome many challenges, litecoin is cheaper and faster than its counterpart.
Top 10 Litecoin Casinos:
| Rank | Casino |
| #1 | BitStarz |
| #2 | Rocketpot |
| #3 | CloudBet |
| #4 | FortuneJack |
| #5 | KingBit |
| #6 | 1xBit |
| #7 | BitCasino |
| #8 | Bets.io |
| #9 | Crypto Thrills |
| #10 | BetChain |
Types of Litecoin Casinos
The next question you’re likely to have revolves around litecoin casinos – what does this even mean? Well, it simply means that the platform accepts LTC as a currency. While some LTC casinos have developed specifically to accept this cryptocurrency, others are older, more established names that have expanded to include the currency in their list of banking methods.
Rocketpot’s Game Selection
As you can imagine, new LTC casinos generate lots of questions and nerves in new customers. As a result, they imitate blockchain technology and make their software algorithms available to all. Therefore, anybody with the right experience can delve into the algorithms to see if it’s fair. Just imagine traditional online casinos providing this capability to users (you probably can’t!).
Types of games available on litecoin casinos include:
- Poker
- Roulette
- Live dealer games
- Video slots
- Blackjack
- Baccarat
- Lotteries
As you can see, this list is the same as traditional online casinos, and this is why they’re popular with users.
How to Buy Litecoin
If you’ve never bought cryptocurrency before, you may feel confused initially. Don’t worry, it’s simple once you get to grips with it all. There are four different ways to get LTC into your cryptocurrency wallet:
- Use a litecoin faucet to get free currency (you can complete tasks and earn LTC)
- Mine them (using specific hardware)
- Receive them for a service
- Buy them
As you can imagine, the easiest way to get started if you want a traditional casino experience is just to buy them from an ad exchange or directly from the LTC website. Keep in mind that you’ll need to store your cryptocurrency, and this is through wallets such as Edge and CoinsPaid.
buy litecoin at Coinbase
How to Load Up Your Casino Account
At this stage, you’ve done the hard work because you now have LTC in an online crypto wallet – the next step is to get your LTC into your casino account. Here are the steps you need:
- Log into your casino (or create an account if you’re just starting).
- Find the deposit section (this shouldn’t be hard to find since most casinos are eager for players to deposit money into their accounts!).
- Select LTC as your chosen method and see the PWN (public wallet number) of the casino.
- Head over to your crypto wallet and paste the PWN into a new transfer.
- Select the amount of LTC that you want to send to your account and then confirm.
- Assuming you have the right amount in your wallet, you should see it enter your account within around 20 minutes.
In terms of withdrawal, the idea is similar, but you enter your own PWN before then choosing the amount you wish to withdraw to your wallet. This time, you may need to wait up to 24 hours to see the funds enter your wallet.
Choosing an LTC Casino – Key Considerations
With many casinos now offering LTC as a banking option, how do you choose between them? We’ve listed some key considerations to keep in mind.
License – As cryptocurrencies rise to prominence, the number of online casinos is steadily increasing. However, not all have the right license; without a license, the platform isn’t regulated. Unfortunately, this means no guaranteed fairness with games and the platform could disappear overnight.
Look for casinos that are regulated by the Malta Gaming Authority, UK Gambling Commission, or another authorised national body. If they have this license, it means that they meet the strict requirements laid out by the organisation.
Provably Fair Gaming – As mentioned earlier, LTC casinos often make their algorithm and software public to all those with the experience to delve into them. With blockchain technology, the whole platform is decentralised, and you can review the odds and RTP percentages for all games (this information is typically a nightmare to find for standard casinos!).
Game Providers – As well as producing their own games, LTC casinos work with popular industry names. As an example, this includes the following:
- Blueprint
- Microgaming
- Evolution Gaming
- NetEnt
- Playtech
- Red Tiger Games
If you want the industry’s best casino games, ensure that your chosen website works with these providers.
Customer Support – As an emerging field, customer support is another essential component. What if something goes wrong with an LTC transaction? With an extensive customer support network, you can receive help whenever you need it. 24/7 support is preferred, and you can also look for phone numbers, email addresses, live chat, and a FAQs page.
Should You Play an LTC Casino?
Well, this depends on what you seek from a casino experience. If you don’t have any problems with your current platform, you don’t need to change. However, some of the reasons why people switch to LTC casinos include:
- More enjoyable bonuses
- Quicker withdrawals
- Increased security
- Improved anonymity (all transactions are anonymous)
- Reduced fees
To enjoy all these benefits, you will need to avoid the potential minefield developing around the niche. For instance, this includes selecting a platform that is licensed and regulated (please never choose an unlicensed casino or bookmaker!). Also, you’ll need to accept the fact that only some major casinos accept cryptocurrencies in 2022.
If you can navigate the potential drawbacks, there’s no reason why you can’t enjoy a positive experience with an LTC casino!
