Litecoin Casinos

Why play at Litecoin casinos?

There are many reasons why we would recommend trying out using Litecoin as a payment method in Litecoin casinos, which also include advantages over many other cryptocurrencies. Each paragraph will contain information about each benefit.

When talking about Litecoin and other cryptocurrencies, the number one reason why people are getting into them is definitely the amount of privacy it retains. As long as you do not add any personal information to your crypto wallet platform, there will be no way for anyone to find out your identity, which allows you to remain anonymous. Similar to other cryptocurrencies Litecoin records all transactions that are happening. To further secure your privacy, crypto casinos also do not require exceptional personal information, allowing for secure gambling using Litecoin.

In terms of availability, you can probably already guess that you will be allowed to make transactions worldwide, and with the help of software such as VPN, you can safely access your crypto wallet. This allows you to bypass any restrictions placed by the government, both on cryptocurrencies and crypto casinos. All of that is possible due to the decentralization of Litecoin, which no jurisdiction has any legal rights over, so you will be getting to play at any crypto casino you’d like, although some do not accept the use of VPN.

Now, some people are eager to know how fast you can make your deposits and withdrawal using Litecoin at Litecoin casinos. Well, to start off with an example, Bitcoin has an average transaction time of 9 minutes, while Litecoin has a transaction time of 2.5 minutes, although usually, the transactions happen in seconds. What is even better for Litecoin is the fact that the 2.5 minutes marker is static, meaning all transactions will happen within that timeframe, allowing for swift deposits and withdrawals when playing at a Litecoin casino.

What is even better is the fact that Litecoin transactions are extremely cheap. By looking at statistics, you can find out that Bitcoin has an average transaction fee of about $7 (although most transaction fees are way less), while Litecoin’s fee can go for as low as $0.01 to $0.03. This means that you can make even more deposits and withdrawals at Litecoin casinos, accumulating little to no fees even in the long term.

We think one particular strength that Litecoin has over most other popular cryptocurrencies is the fact that it has very high liquidity. Liquidity is the term used to describe how fast it is to turn your cryptocurrency into a fiat currency. When combined with how popular the cryptocurrency is, you can expect to turn your Litecoin crypto casino winnings way faster than you’d do Bitcoin or some of the other well-known cryptocurrencies.

PROS

Remaining Anonymous – The main reason why the focus has been turned to Litecoin and other cryptocurrencies is the element of anonymity. You are not obliged to provide any personal information to your online transaction platform, which directly translated to not being obliged to provide any particular personal information (although some general information might be required) to the Litecoin casino you choose to stay at.

Swift Transactions – Litecoin has a set maximum transaction time of 2.5 minutes, which is more than great. This means your deposits and withdrawals will be happening very quickly, so unnecessary frustration will be avoided. Additionally, when compared to Bitcoin’s 9 minutes average transaction time, you can see where the benefit is.

Low fees – It won’t be hard to notice why financial institutions are not fond of cryptocurrencies, especially the ones such as Litecoin. The fees that will be coming with your transactions will usually be less than $0.10, usually standing around $0.01 and $0.03, which allows for numerous crypto casino deposits and withdrawals to happen, after which you still won’t be at any disadvantage or have the feeling of wasted crypto.

Accessibility – Similar to other cryptocurrencies, Litecoin uses a decentralized network, allowing for transactions to stay anonymous, but furthermore to be made worldwide, bypassing any rules and restrictions placed by governments. This can be further supported via the use of a VPN, although not all Litecoin casinos accept players who have a VPN.

Crypto Games – Litecoin casinos work with a lot of providers who, with the surge of popularity in cryptocurrencies, have started developing games that support Litecoin. Most of the games released nowadays usually support Litecoin and other cryptocurrencies.

Better Betting Limits – Games that support Litecoin and other cryptocurrencies usually have way better betting limits that go both lower and higher than the usual, expanding in both directions. This is great for both low-risk players and high-rollers.

Special Bonuses – The bonuses we are talking about are Litecoin-specific deposit bonuses and promotions, which encourage players to use the particular crypto for gambling. Aside from that, some games that support Litecoin and crypto in general, have exclusive rewards for players who use that crypto.

CONS

Regulations – Litecoin casinos and crypto casinos overall are not supported by the better regulators such as Malta Gaming Authority (MGA) and the UK Gambling Commission (UKGC), which increases the chances of getting scammed if you stumble upon the wrong casino. This happens due to the fact that owners have no other choice but to go for a Curacao license, which is not among the best ones out there.

Volatility – Cryptocurrencies are known for having an unstable value, which is better said when the term “highly volatile” is used. Litecoin is no exception and moves up and down all the time. This means that after you get your winnings from a Litecoin casino, their value could be lower, although it could also be higher when compared to when you made the initial deposits and bets.