Litecoin

Like most other projects that appeared in the early days of the crypto industry, Litecoin was just a copy of Bitcoin with a slightly modified blockchain code. Nevertheless, it went from an unknown coin to the most prominent and recognizable one in the first two years of its existence.

Litecoin operates a peer-to-peer digital value that provides payments anywhere worldwide. The currency is an open-source code with an international network that is completely decentralized and has no control by any authority.

Litecoin features faster transaction times and better security layer than the leading currencies. With serious industry support, trading turnover and liquidity, Litecoin is a proven medium for commerce in addition to Bitcoin. Anyone can use Litecoin or LTC for cross-border transactions, storage, speculating on its fluctuating price, or making payments.

Litecoin Payments are Faster and Secured

You probably know that payments through different cryptocurrencies are fast and secured. But what can you say knowing that the Litecoin transactions even faster and safer compared to the well-known Bitcoin?

This statement is true! The founder of Litecoin, Charlie Lee, was obsessed with an idea to give the world a better alternative solution to Bitcoin, and this idea was realized in the form of this cryptocurrency.

Usually, a financial Bitcoin transaction between point A to point B takes around 10 minutes. The situation with Litecoin is slightly better because the transactional time is about 2 minutes. So, the Litecoin payment method is 5 times faster.

In terms of security, the only reason why Litecoin is way safer rather than Bitcoin is the number of hackers’ attacks. The Litecoin cryptocurrency is not often a subject of such an activity, and you can be sure that your coins will be safe.

Considering these two aspects, it is worth summarizing that Litecoin is a superb option to deposit your online casino account and withdraw money from it.

How to Get Started Gambling with Litecoin?

Before you begin your gambling adventure, you need to prepare your Litecoin wallet for making a deposit or getting back won money from the chosen casino platform.

Your first move is a search for a good wallet, which can provide you with good conditions. After this move, it is necessary to top up the wallet with the amount of money you are ready to spend for your gambling activity. A small tip: you can also earn Litecoin coins through the mining process.

Finally, your Litecoin wallet is ready for use, and you can use it for your gambling purpose. 

How to Deposit Your Casino Account Using Litecoin?

The operation of making a deposit into an online casino should not be complicated and takes one moment of your time. After successful authorization to an online gambling platform, you need to visit a Deposit section, where a list of available payment services appears. Scrolling through the payment services, you need to find Litecoin and click on it. After this, you will see a unique casino address required for you to make a transfer.

The next step is an actual financial transaction. From your Litecoin wallet, you need to type or copy the previously specified casino address, indicate the sum of your deposit and make it. As was mentioned above, the deposit will come to your casino balance within 2 minutes (or instantly).

How to Withdraw Your Winnings from an Online Casino with Litecoin?

The withdrawal process is similar to what you have done with depositing money. In the tab of Withdrawal, you will be asked to point out the address of your Litecoin wallet, specify the amount of money and cash out your winnings. Nothing is complicated. What is more, the funds will be credited to your crypto wallet shortly.

According to a fee, most of the casinos do not charge it, but some of them do it. Read the terms and conditions carefully on the official casino website in the sub-section of Additional Expenses/Withdrawal Terms.

The Best Online Casinos That Accept Litecoin

For sure, Bitcoin takes a dominant position on the financial market compared to Litecoin, but the last currency provides better conditions in terms of time and security. So, many gambling platforms accept Litecoin as a payment method. Check out our list of the best online casinos that offer this payment system for both purposes – deposits and withdrawals.