Litecoin (LTC) is fast becoming the crypto of choice for players at crypto casinos. It stands apart in terms of transaction speed and fees when compared to other crypto coins such as Bitcoin and Ethereum.
In this write-up, we’ll explain in detail how you can enjoy a fair and seamless online gambling experience using Litecoin.
What is Litecoin?
Designed to be a much quicker alternative to Bitcoin, LTC is a BTC fork developed using Bitcoin’s open-source code. While BTC approves only 7 transactions per second, Litecoin confirms as many as 54 transactions per second.
Between 2017 and 2021, Litecoin was the 3rd largest cryptocurrency by market capitalization. While it has moved down the rankings in terms of market cap, it’s still the preferred choice for many who are actively using crypto for online transactions.
Four Reasons You Should Bet Using Litecoin at Crypto Casinos
As mentioned, Litecoin stands out due to the fast transaction rates and cheaper transaction fees. Listed below are some of the key benefits of using Litecoin to bet at an online crypto casino:
Play Anonymously: One of the biggest advantages of playing on Crypto Casinos using Litecoin is that you are not required to perform a KYC to deposit and withdraw your money. Play and win big while maintaining anonymity.
In certain casinos, you might still be required to perform a KYC if your winnings exceed a certain threshold, this is done to protect yourself and the online casino operator.
Faster withdrawals and deposits: Litecoin is a decentralized entity and is not governed by any central authority. As such, by using LTC to deposit and withdraw payments from online casinos, you can avoid the difficulties commonly associated with traditional banking processes.
Unlike traditional money, crypto is not limited by geographical boundaries or time zones.
Deposit, Withdraw, and Play at your preferred online casino with ease.
Mass Adoption: It’s 2024 and the number of online casinos that accept crypto and more importantly Litecoin are on the rise. Before signing up for an online crypto casino, be sure to check if they are a licensed entity and read their deposit and withdrawal terms and conditions.
Secure: Powered by blockchain technology, Litecoin transactions are encoded and cannot be physically tampered with later on. As such, the integrity of the transactions shall always remain, and no external entity can gain access to your sensitive information.
In short, blockchain technology ensures that your money is secure.
How to Buy Litecoin to Play on Online Crypto Casinos?
To buy Litecoin, you will need to create an account with a crypto exchange such as Binance, Coinbase, or Kucoin. This is needed as these exchanges help you convert your fiat currency into the crypto of your choosing.
Next, you’ll need to open a crypto wallet that supports Litecoin, Exodus are popular option in this regard. These wallets serve as the intermediary between your exchange account and your crypto account.
Buying LTC on your exchange account is straightforward and is more or less similar to how you would buy any other product online. If you want to get started at a licensed Litecoin Casino, check out FuturePlay.