The popularity of cryptocurrencies is growing among gamblers. If earlier these coins were perceived as an opportunity to make money on HYIP, now they are already more used to carry out 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 a 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 the Bitcoin fork. It is based on the open source code of the main cryptocurrency. The new coin was created with the aim of increasing the speed of transaction confirmation and reducing fees.
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.
| Account balance | Description |
|---|---|
| In fiat currency | Coins come to a casino account opened in dollars, euros, rubles, and so on. Conversion is carried out at the current exchange 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 time the funds stay on the site’s account the value of the coin rises, then the user will receive an additional plus. |
How to play at Litecoin
To access the paid mode of gambling 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.
registration
Operators offer the following options for opening an account on their websites or applications:
- By filling out a detailed form with data. Users must indicate first name, last name, age, gender, address.
- With a quick linking of a profile to an email or phone number. This method allows you to create an account in a short time, make a deposit to the account and go to gambling. The profile data is filled in later, but before the application for the first payment is sent.
- Through an account on a social network or postal service. In this case, just select the resource icon and then sign in. Information about the player will be pulled from the social network.
If you use an email or phone number, you will need to confirm them. 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 for verification by uploading electronic versions of documents. Therefore, when registering, you must enter your real data.
Refill
To make a deposit in Litecoin after authorizing on the site, the player will have to do the following:
- Go to the operator’s cashier.
- Choose the litecoin cryptocurrency system among the available methods.
- Copy wallet address or read 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 monitor the limits. The operator next to the address of the crypto wallet indicates the minimum amount below which the transaction will not be confirmed.
Withdraw funds
To order money, the user needs to go to the cashier. There you need to open the “Withdraw funds” or “Receive winnings” tab. Then you need:
- Choose a method for Litecoin.
- Specify the amount within the established limits for the method.
- Insert wallet address.
- Go to 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 own discretion.
Advantages
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 one block has been confirmed.
- The minimum commission. The average transaction fee for April 2021 was $ 0.025. At the same time, the sites do not charge a commission on the amount of the deposit.
- Anonymity of transactions. The user does not need to additionally create an account in the payment system and identify an individual. Transfers are carried out anonymously. It is only theoretically possible to link a cryptocurrency wallet to a person. In most cases, it is necessary for 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 replenishment of the balance 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 that is available to users. An account was registered with replenishment of the account and receipt of winnings in LTC. The conditions of bonuses, the work of the support service, user reviews have been checked. As a result of the analysis, the operators with the highest number of points were in the first places in the rating.
Operators will credit funds after confirming the first block. This takes 2.5 minutes on average.
The average transaction cost is $ 0.025 regardless of the number of LTC coins.
Operators usually do not set limits on the upper limit. However, the minimum amount is indicated with which transactions will not be confirmed by the site.
The player needs to go to the cashier and select the appropriate payment method. The page will show the address.
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 (confirmation of 6 blocks). After that, the cryptocurrency becomes available to the player without restrictions.