There are a growing number of online casinos that offer you the option to pay and cash out in Litecoin. The digital currency is rapidly gaining popularity, with more and more online gambling sites allowing customers to transact with Litecoin. Read on to learn all about LTC and gambling.
What is the difference between online gambling with Litecoin & normal casino?
A Litecoin casino is similar to other online casinos. You only play with Litecoin, with which you can deposit and collect winnings. Since it is anonymous, anyone can enjoy the thrills and spills of playing in an internet casino.
How can you gamble with Litecoin?
Litecoin casinos work the same way as traditional online casinos, except that instead of paying and cashing in in euros or dollars, you pay and cash in in Litecoins. So the only difference between other online casinos is the currency you play with.
If you are new to Litecoin, but not very familiar with it, I suggest you follow the steps below:
- Find a casino that has Litecoins as a means of payment. Also check out what the welcome bonus is and whether it appeals to you.
- Sign up at the casino of your choice.
- Deposit a certain amount of Litecoins in your profile as you wish.
- Take advantage of the available bonuses so you can play even longer.
- Choose a game you like to play.
Make sure you read the terms and policies thoroughly before joining a Litecoin casino. The terms and conditions of a regular online casino may differ slightly from this.
Read the bonus conditions before you start gambling with Litecoin
You don't want to encounter unexpected events when you play at an online casino. You should also study the bonus conditions carefully in advance.
Why Is Online Gambling With Litecoin Better Than At A Normal Casino?
Online gambling with Litecoin is a relatively new phenomenon, but Crypto Casinos are quickly becoming popular in the online gambling world worldwide. But how come? And why are so many players switching to online Litecoin casinos?
We explain it to you with 5 tips and examples, we have been convinced ourselves for a while and mainly still play at Casinos that are active in the cryptocurrency market.
The 5 top reasons to gamble with Litecoin in 2022
There are many reasons to choose a Litecoin online casino instead of a traditional online casino with normal payment methods; the main reasons are listed below:
- Online Litecoin casinos are very fast in terms of their withdrawals and deposits.
- You pay anonymously with only one email address associated with your Litecoin account.
- The security of your credit cards and other banking information against any form of fraud.
- There are no payment or administration costs with a Litecoin transaction. There are no additional costs for sending, receiving and paying.
- You get full control of your money using Litecoin encrypted coin
Does the payout after Litecoin gambling also take that long at Crypto Casinos?
It is not uncommon for a payout at an online casino to take days, weeks, or even months. It is not always the case that the casino defaults; it is because your bank refuses to process internet gambling transactions.
The company making the payment has a significant chance of default. An example is credit card fraud, for which they often have to take strict measures to pay on time.
Gambling with Litecoin and fast payments
After a very short time, Litecoin transactions cannot be reversed. As a result, Litecoin casinos can cash out a credit immediately after payment and start your winnings when you make the withdrawal.
The difference is like night and day when a big win shows up after a good game of Blackjack and you wonder what happened to the money! Those days are long gone; you can now send and receive money in no time at all.
Am I anonymous if I gamble with Litecoin?
If you play at a casino that accepts Litecoin, you can remain completely anonymous. Unlike when you play online, you must provide your name, address, credit card information and other personal information; in some cases even your identification number is required (!)
In some Litecoin casinos, you don't even need an email address. So do good research into all the possibilities and only choose a place where you want to gamble with Litecoin if you are convinced of the safety, fairness of the casino and the available games.
How can I be sure that I can gamble fairly with Litecoin at a casino?
This is a very good question, of course you don't want to be scammed and lose your valuable Litecoin, or win a big prize, and then never be paid out.
We know the nightmares of shady casinos, luckily a lot has changed due to Blockchain technology and all major crypto casinos where you can gamble with Litecoin have implemented cryptographic innovation to rule out fraud. Read on to find out how it works, because it is beneficial for the casino as well as for the player.
How does the fair gambling system work with LTC?
The system uses cryptographic hashes with which the software with casino games Digital is “cut” before you start the game.
- This ensures that the casino software and the players do not know how the cards are placed in the game.
- That way you can easily prevent fraud, and both parties have seen transparently that everything is in order. Get started, and gamble with that Litecoin.
Is my data safe when I gamble with Litecoin?
The providers where you started gambling with Litecoin promise not to store any trusted data from credit card and other personal data and promise to be honest in the games they offer meaning they don't need expensive third party certificates to run a crypto casino. to launch.
That does not alter the fact that casinos where you gamble with Litecoin must comply with a number of licenses. Often there are a number of rules and laws laid down by the country where the license is issued.
What are the advantages of gambling with Litecoin?
For starters, you are not dependent on third parties. You manage your Litecoin entirely yourself. This means that after depositing Litecoin you can immediately use your credit at a casino.
Moreover, it is not only the case that you can add money quickly, but also that payouts are fast. Since you can transfer the Litecoin to an e-wallet yourself, it is technically possible to receive your payout within just a few minutes.
Please note that the speed of a casino is decisive here. However, you do not have to wait 3 to 5 working days. This makes gambling at a Litecoin casino attractive in this area.
Is gambling with Litecoin safe?
Hell yes. Unlike a regular bank, Litecoin's security is much better. If hackers at a regular bank want to steal your money, they usually only have to hack one central system.
- This way they can get your data and in the worst case even get your money. Litecoin are more secure, because hackers would have to get through multiple systems to do so.
Moreover, they cannot just access your data, because every Litecoin user is hidden behind multiple encryptions. In short, the answer to the question is yes, nowadays you can easily gamble online with Litecoin in a safe and responsible way.
Does using Litecoin while gambling make sense?
You can gamble with both Litecoin and other currencies at many casinos, yet most players do not see the point in gambling with cryptocurrencies. Yet nothing could be further from the truth.
Despite the fact that you can also gamble with ordinary euros, the Litecoin is a currency that is still on the rise. The Litecoin price has proven to fluctuate considerably in recent years. On average, this is in a positive sense, because the value of the Litecoin has already increased by 5000% from the launch.
Are most casinos where you can gamble with Litecoin registered?
Not all online Litecoin casinos are regulated; but some well-known online casinos are regulated and have the necessary licenses to offer online casino games. Like other industries, Litecoin casinos are also required to be licensed in the country where they are registered; but there are many Litecoin casinos that are not licensed.
How can you sell LTC after a night of gambling with Litecoin?
It's nice to have a well-filled digital wallet. However, do you want something different than Litecoin? Then it is time to sell them, for example for euros or other cryptocurrencies.
- As with buying, there are several ways to do this. For example, sell your Litecoin on an exchange with a minimum price that you determine. To do this you need a trading wallet.
- A nice fact, which you can still benefit from. After all, by winning Litecoin at a casino, your Litecoin credit also grows.
- Is the value of the Litecoin rising? Then your credit is worth more converted into euros, which can be interesting if you have the credit converted again over time.
How Do You Pay The Crypto Casino When You Start Playing Litecoin?
Taking a gamble in the online casino is a fun experience. Moreover, you can easily pay with Litecoin.
Wallet or digital wallet
All you need is a digital wallet with one or more Litecoin (part of Litecoin is of course also possible). You then transfer your digital coin(s) to the address of the online casino.
QR code scan
The wallet address of an online casino usually consists of letters and numbers. Sometimes it is possible to scan a QR code, which makes making payments even easier. Your Litecoin will then be deposited to the address and you can take a gamble.
Do I need a credit card or bank account to gamble with Litecoin?
It is not necessary to have a credit card or bank account to gamble at a casino to gamble with Litecoin. By using Litecoin transactions, which are not only easy to send / receive, but are also often offered for free as a bonus, you pay the costs directly in the transaction.
Transaction costs of gambling with Litecoin are bizarrely low
Normally, credit card and bank account payments are subject to additional processing fees and charges, but Litecoin transactions are free of charge, with the exception of a 0.0001 Litecoin transaction, which is less than 2 $ cents at the moment, just like we pay in store with cash in a store at no extra cost.
What does responsible gambling with Litecoin mean?
Responsible gambling with Litecoin is simply keeping control of your financial situation. You should not lose control of your gambling at any time; you should be able to calculate exactly how much money you can spend on gambling and how long you can play it for. Usually, gambling is considered a kind of entertainment, similar to other activities in our lives.
- So, a person who plays gambling games with Litecoin must be well-calculated and balanced in his or her entire life to ensure that his/her daily life and responsibilities are not disrupted or affected by the gambling.
- It is crucial to note that gambling is not the same as a job. This list of dos and don'ts is designed to help you practice responsible gambling. It is essential for gamblers to understand that gambling is a kind of expense rather than a kind of profit.
Is Litecoin gambling legal?
Yes, Litecoin gambling is legal in Europe where normal coin gambling using USD, Euro and other currencies is legal. Litecoin gambling is not yet subject to any form of separate legislation and thus is still unregulated.
Currently, Litecoin is considered a mode of payment in gambling. Perhaps in the near future there will be some legislation in countries that change their legislation to Litecoin online casinos.
We think it's fine that way, never had any problems while gambling with LTC and the rules are great, you really notice a huge difference compared to normal casinos with all their fine print and rules.