Cryptocurrency is growing in popularity among gamblers. If earlier these coins were perceived as an opportunity to make money on hype, now they are already being used more for conducting payment transactions on the Internet. Increasingly, gamblers are looking for online casinos for litecoins. This cryptocurrency allows you to quickly and with minimal commissions to replenish your account and receive payments.
Litecoin casino features
Litecoin is a decentralized electronic payment system that uses cryptocurrency with the ticker LTC to transfer assets. It was launched in October 2011 by a team led by Charles Lee as a result of a Bitcoin fork. It is based on the open source code of the main cryptocurrency. The new coin was created in order to increase the speed of transaction confirmation and reduce commissions.
As of April 2021, Litecoin is in 10th place in the list of TOP cryptocurrencies (according to the CoinMarketCap resource). The cost is $195. The confirmation time for one block takes less than 3 minutes.
Operators use 2 different principles when working with LTC.
|In fiat currency||Coins come to a casino account opened in dollars, euros, rubles, and so on. The conversion is carried out at the current rate.|
|In altcoin||The balance is displayed in LTC. At the same time, bets in games are still made in fiat currency. If during the stay of funds on the account of the site the value of the coin increases, then the user will receive an additional plus.|
How to play on Litecoin
To access the paid mode of gambling entertainment using LTC, you need to select an operator and create a client account. The next step is to fund your account. After that, the user will be able to play for money.
Operators offer the following options for opening an account on their websites or applications:
- By filling out a detailed form with data. Users must provide first name, last name, age, gender, address.
- With a quick profile link to email or phone number. This method allows you to create an account in a short time, make a deposit to the account and switch to games for money. Profile data is filled in later, but before sending the application for the first payment.
- Through an account in a social network or mail service. In this case, just select the resource icon and then sign in. Information about the player will be pulled from the social network.
When using an email or phone number, they will need to be verified. In the first case, you will receive an email with a link, and in the second, an SMS with a code.
The player needs to be ready to carry out verification by uploading electronic versions of documents. Therefore, when registering, you must enter your real data.
To make a deposit in Litecoin after authorization on the site, the player will have to do the following:
- Go to the cashier of the operator.
- Choose among the available methods of the Litecoin cryptocurrency system.
- Copy the wallet address or read the QR code.
- Send the desired amount of coins. In addition to the wallet, you can use the services of cryptocurrency exchanges or exchangers.
Within a few minutes after the confirmation of the first block, the money will be credited to the account.
When making deposits, you need to follow the limits. The operator next to the crypto wallet address indicates the minimum amount, less than which the transaction will not be confirmed.
To order money, the user needs to go to the cashier. There you need to open the “Withdraw funds” or “Get winnings” tab. Next you need:
- Choose a method for Litecoin.
- Specify the amount within the established limits for the method.
- Insert wallet address.
- Click the button to confirm the payment.
After that, it remains to wait until the financial department of the casino processes the application. The transfer itself will take about 15 minutes, during which 6 blocks will be confirmed. Then the player can dispose of the funds at his discretion.
Many operators have appreciated the advantages of the cryptocurrency system and added it to the list of payment methods. The benefits of using LTC include:
- High speed of payments. The money is credited to the balance in the online casino after the confirmation of one block.
- The minimum commission. The average transaction fee as of April 2021 was $0.025. At the same time, the sites do not charge a commission on the deposit amount.
- Transaction anonymity. The user does not need to additionally create an account in the payment system and identify the person. Transfers are made anonymously. It is only theoretically possible to connect a cryptocurrency wallet with a person. In most cases, you need the owner to indicate this himself.
The best online casinos for litecoins
The specialists of our site have created a list of reliable operators with balance replenishment using LTC. The proposed sites operate on the basis of licenses from official regulators. All Litecoin casinos offer collections of several hundred and even thousands of slots from well-known providers. The sites also have roulette, blackjack, baccarat, poker, craps, live games.
For each online casino, a detailed review has been created, which is available to users. An account was registered with an account replenishment and receipt of winnings in LTC. Checked the conditions of bonuses, the work of the support service, user reviews. The operators with the most points as a result of the analysis were ranked first in the rating.
How quickly are LTC credited to the casino account?
Operators credit funds after confirming the first block. This takes an average of 2.5 minutes.
What is the commission for transfers to Litecoin?
The average transaction cost is 0.025 USD, regardless of the number of LTC coins.
How much can I deposit at the casino?
Operators usually do not set limits on the upper limit. However, the minimum amount with which transactions will not be confirmed by the site is indicated.
Where can I find the wallet address for Litecoin transfer?
The player needs to go to the cashier and select the appropriate payment method. The page will show the address.
How quickly is the winnings paid out to the client?
Each casino has its own financial service schedule. However, as soon as the application is approved, it will take no more than 15 minutes to transfer money to the user’s wallet (6 blocks confirmation). After that, the cryptocurrency becomes available to the player without restrictions.