Cryptocurrencies in the world of online gambling
With an eye on the future, some online gambling operators will now do business with cryptocurrencies. Currently, only 10% of all online gambling sites accept cryptocurrency transactions. However, crypto casinos that accept Litecoin look like a promising option for the future.
The invention of technology has made it inevitable for online casinos to offer cryptocurrency as a payment method on their platforms. The security provided by cryptocurrencies has allowed them to gain widespread popularity among Litecoin live casinos. Notably, depending on your BTC wallet, BTC casino payments can be instant.
There are several points, for players who want to use crypto payments:
- Decentralization. The lack of a single control center allows this currency to be completely independent. LTC exchange rate varies depending on the demand. Once a transaction is completed, there is no way to undo it because the data has already been entered into thousands of digital “books” around the world;
- Anonymity. To use Litecoin, you don’t have to provide your personal data. During the payment process, all you need to know is your wallet number. Of course, it is necessary to enter personal data in the casino, but after the money is paid, its fate will be known only to the user;
- Speed. The processing of transactions takes 2, or even 2.5 times less time than when using bitcoins;
- Low Commission. In comparison with BTC, LTC transaction fee is much lower. At the moment of writing this article it is 0.3-0.4 dollars compared to $7.6 for bitcoins.
How do I find a reliable online casino that accepts Litecoin?
To find the best licensed gaming platform where you can play games at Litecoin casinos, you need to pay attention to such aspects of online casinos.
- License. If the operator does not have a license, it makes no sense to use its services. In this case, the client is not insured against any kind of fraud (sudden blocking of the account, cancellation of payment or account freezing without reason). The license guarantees protection of the gambling commission in case of a dispute between the client and the operator;
- Modern security system. It is important that the visitor’s personal data is sent to the servers in encrypted form. Usually, an SSL system with 128- or 256-bit encryption is used for this purpose to protect the data from theft;
- Certified software. The quantity and quality of available games is of great importance. It is important to pay attention to the variety of games and providers;
- Technical assistance. Professional tech support will always answer you quickly and help you solve the problem. Ideally, it should be available not only as a live chat, but also by phone or email.
How to make a deposit to Litecoin online casino?
The procedure for numbing a deposit at litecoin online casinos is no different from other payment methods:
- Choose a gambling club from the rating best Litecoin casinos online;
- Go to the official site and register, specify your personal data;
- Confirm the creation of an account by phone number or email;
- At the cashier’s desk, select the LTC deposit method, copy the provided wallet number/QR code and transfer the required amount to it.
How do I pay my winnings in Litecoin?
In order to withdraw LTC, follow three important points:
- Make a deposit in LTC at least once;
- Confirm your account if you haven’t already done so;
- Bet on active bonuses or winnings with your own funds.
