- What is Litecoin – An introduction
- Litecoin vs Bitcoin – What are the differences?
- Finding the best Litecoin casino
- Discover your ideal online Litecoin casino at Esportsbetting.com
- The top five advantages of using Litecoin casino sites
- Change your account base currency – Our top tip for first-time Litecoin casino players
- What we look for in the best Litecoin casino
- How to buy Litecoin
- Best Litecoin casino – The conclusion
- Best Litecoin casino FAQ
What is Litecoin – An introduction
Litecoin was the brainchild of former Google employee Charles Lee and was founded back in 2011, making it among the first altcoins that were created to compete with bitcoin. Litecoin was essentially built as a prong on the same fork as Bitcoin and is as close to a carbon copy of the world’s best-known and most valuable cryptocurrency as you will find. However, there are a couple of important differences between Litecoin and Bitcoin that are key to the altcoin’s success.
Litecoin vs Bitcoin – What are the differences?
As we said above, Litecoin is essentially a prong of the Bitcoin fork, as it was built upon the exact same blockchain. However, Charles Lee created Litecoin to address a couple of the main problems that Bitcoin faced – namely fees and transaction processing speed. Litecoin is up to 25% faster than Bitcoin and incurs a far lower fee on average. Additionally, the Litecoin ledger is private, while the Bitcoin ledger is public. It is this increased privacy that has made Litecoin gambling sites so popular today for daily online transactions.
However, that is not to say that Litecoin offers some form of perfect alternative that will eradicate Bitcoin as a currency in our crypto utopia. Bitcoin is still very much the investors’ choice and is by far and away the most valuable cryptocurrency available. This has partly been driven by the rise of Bitcoin Maximalism – a movement of people who believe that Bitcoin will eventually dominate the world as the one and only cryptocurrency.
Essentially, the way you could view it is that Bitcoin is the gold that you want to buy and store as a future investment. Meanwhile, Litecoin is the paper cash that you keep in your wallet to use for everyday transactions. Here at Esportsbetting.com, we are true crypto enthusiasts, which is why we think the rise of both Litecoin and Bitcoin gambling sites is so exciting.
Finding the best Litecoin casino
As stated previously, we are true cryptocurrency enthusiasts here at Esportsbetting.com, as well as casino gaming and sports betting experts. We think it’s nothing short of awesome that crypto casinos are on the rise again, which is why we are committed to helping you to find your ideal operator. That’s why we’ve put together this comparison tool that can help you to find the best Litecoin casino sites that are available to you right now.
Discover your ideal online Litecoin casino at Esportsbetting.com
As well as providing you with our list of the top-ranked Litecoin casinos right now, our comparison tool has also been built to help each of our readers to find their ideal operator. By first considering what type of gambler you are, the reviews contained within our comparison tool can then be used to help you to find the best Litecoin casino for you.
It doesn’t matter if you’re completely new to online casinos in general, a crypto casino newbie, or a seasoned casino gamer. We’re confident that we can help you to find exactly what you need here at Esportsbetting.com. At the end of the day, we just want to share our love of crypto gambling and to enhance your overall experience.
Online casinos with Litecoin we can’t go without!
The top five advantages of using Litecoin casino sites
As has probably already been made quite clear, we’re big fans of crypto gambling in general here at Esportsbetting.com. Whether it be Dogecoin betting sites for sports, Bitcoin poker sites, or online crypto casinos – we love them all. However, we truly believe that there is a case for Litecoin being the best option when it comes to online gambling, and casinos more specifically. That’s why, before we help you to find the best Litecoin casino, we want to tell you about some of the advantages of using this altcoin to fund your betting account.
1. Faster withdrawals
Regular fiat currency casinos are always happy to take your money as quickly as possible, and therefore instant deposits are not uncommon in the online casino world. Withdrawals, however, can still take an age to process. By the time the verification process is done, you then have to wait for the casino to approve the withdrawal. After that, you then have the actual payment processing time. When all is said and done, you can end up waiting over a week just to get your money!
Crypto casinos in general are quicker, thanks to the speed at which blockchain transactions are processed. That speed gets even quicker when you use Litecoin; as we stated previously, it’s much faster than Bitcoin. On average, Litecoin transactions take around 2.5 seconds, while Bitcoin transactions regularly take more than 10. The best Litecoin casino sites will always utilize this speed to their advantage.
2. Lower fees
If you head to the websites of the most reputable fiat currency casinos and check their payment conditions, you will most probably see that they offer no-fee deposits and withdrawals. So you might then be asking how even the best Litecoin casino sites can possibly offer anything lower than that? It’s a logical question, so allow us to clear something up here.
The casinos are merely stating that they don’t charge any transactional fees from their end. Gambling operators cannot account for the deposit and/or withdrawal fees that your bank or payment operator may charge. For example, did you know that many fiat e-wallets will charge you to receive money, including PayPal?
You will still have to pay a fee for your cryptocurrency transactions; however, the fee is far lower than it is for most fiat currency payments. This is especially true if you use Litecoin, as it is one of the best low-fee cryptocurrencies available. For example, the average fee for a Litecoin transaction is just $0.0024, while it’s around $0.68 for Bitcoin.
3. Bigger bonuses
Not only is Litecoin a cheaper option for you, but it’s also a cheaper option for the online casino operator as well. The best Litecoin casino sites will therefore pass these savings on to you in the form of bigger and better bonuses. What you will generally find are matched deposit bonuses with higher maximum amounts that you can claim. Additionally, you will generally find that the wagering conditions are much lower as well. In fact, there are even some wagering-free crypto casino sites available today.
4. Fairer games
We might be crypto gambling lovers here at Esportsbetting.com, and some of you reading this might be as well. However, understandably, there might be many amongst you who are a bit skeptical. Although their popularity is rising, there are still a lot of people who are wary about using a Litecoin casino or even buying some cryptocurrency in general.
Crypto gambling operators understand that, which is why you will find that the best Litecoin casino sites will be more transparent in their operations. Crypto casino operators will often openly show the algorithm and software that they use to determine the fairness of their games. Additionally, there’s also technology called Provability Fair, which allows you to verify the fairness of the games that you play. This is something that is completely unheard of in regular fiat currency casinos.
5. Increased privacy and security
We’ve saved the best for last here, as privacy and security are two of the best selling points when it comes to using cryptocurrency for gambling. Transactions on the blockchain are extremely secure, and storing the keys to your crypto assets keeps your funds as safe as with any bank – or safer.
Additionally, cryptos offer a level of online privacy that no government-owned currency can match. Crypto transactions are stored on the blockchain anonymously, which means that a record of all transactions is kept, but neither the merchant nor the buyer can be traced.
Once again, there’s an extra advantage of using the best Litecoin casino over Bitcoin here. Litecoin transactions are stored on a public ledger, rather than a private one, which means that even fewer people have access to the transaction records that are already anonymous.
Change your account base currency – Our top tip for first-time Litecoin casino players
One of the biggest concerns that first-time players have when it comes to Litecoin gambling is following your bets and winnings. This is understandable, as even for some frequent cryptocurrency users, following the value can be tricky. Cryptocurrencies are decentralized, and while this is the reason behind most of the advantages listed above, it also makes them volatile. In other words, the value can spike and dip dramatically in a short space of time. Added to that, the exchange rates of Litecoin are always quite hard to calculate in your head anyway.
Once again, this is an issue that the best Litecoin casino sites have addressed for you. The majority of operators will allow you to make your deposit in Litecoin, but then change your account base currency into a local currency, such as USD. This means that you can place your bets and follow your winnings in USD, before withdrawing in Litecoin. Essentially, you get the best bits of fiat and cryptocurrency betting here. You’ll also find that most sports betting sites that accept Ethereum operate a similar system.
What we look for in the best Litecoin casino
When it comes to testing out the best Litecoin casinos sites for our comparison tool, there are a number of things that we look for. Just like the crypto casinos that we love so much, we also aim to be as transparent as possible here at Esportsbetting.com. That’s why below we have shared with you the top five things to look for when choosing your ideal Litecoin casino.
Contrary to what some people might want you to believe, there are now plenty of crypto casinos that are fully legal and licensed to operate. However, there are still some rogue sites out there, so it’s important to seek out the legit sites. The Curacao eGaming license is the one that currently licenses the majority of the best Litecoin casino sites. However, some top-tier regulators, such as the UKGC, have now begun to license crypto gambling operators.
As we said previously, one big advantage that the best Litecoin casino sites hold over your regular fiat operators is that they are more transparent in terms of the fairness of their games. One way you can be sure that the site you are looking at is fair and transparent is by looking for games with Provability Fair technology. This proves the fairness of the games and allows you to verify it yourself, meaning that there’s no way the casino can deliberately fix the game to make you lose.
Litecoin and cryptocurrency casinos aren’t shut off or blacklisted by all of the software developers whose games you will find in regular online casinos. As we’ve made clear throughout this article, the best Litecoin casino sites are now licensed and legit, and therefore will have games from all of the top game providers, including Microgaming, Play’N’ Go, and more. Additionally, we do recommend looking for crypto-specific casino games, such as Crash, Dice or Plinko.
The best Litecoin casino operators will allow you to contact their customer service channels before you open your account. This gives you the opportunity to test them out and see if the site is legit before you actually sign up and deposit any money. We recommend trying as many of the customer service channels as you can – from live chat to the phone line, email and social media. Many crypto casinos will also have a telegram channel, through which you can often find extra bonuses.
How to buy Litecoin
Before you can go ahead and actually start using the best Litecoin casino, you will first need to buy some of it. The first step to doing this is by getting yourself a crypto wallet, which you can do completely for free. Then all that you need to do is buy some Litecoin to store in your wallet, either via an exchange or from another person. Generally speaking, buying from an exchange is the best option for first-time Litecoin buyers. There are many crypto exchange platforms that also have wallets, meaning that you can do everything in one place.
Best Litecoin casino – The conclusion
So that’s just about it from us, but for you, the fun is only just about to begin, as you can now use our comparison tool here at Esportsbettng.com in order to find your ideal Litecoin casino. Just remember that you can always refer back to this page to follow our top tips to help enhance your overall experience. For us, the pros by far outweigh the cons when it comes to Litecoin gambling – just be aware of the market volatility above all else.
Unbelievable casino bonuses up for grabs
Best Litecoin casino FAQ
Are cryptocurrency and Litecoin casinos able to offer bonuses? It’s one of the most frequently asked questions of our experts here at Esportsbetting.com, and it’s one that we have addressed in full in our complete Litecoin online casino guide.
Cryptocurrency casinos have grown rapidly in popularity over the past few years. However, given the volatile nature of Litecoin and its imitators, you are quite right to have some concerns. We have done a full safety test of all the top Litecoin casinos and betting sites here at Esportsbetting.com. Follow the link in order to discover more today.
Rather than looking for the best overall Litecoin casino, we want to help you to find the one that is ideal for you. That’s why we have put together this Litecoin casino comparison tool here at Esportsbetting.com. You can compare all of the best operators via our reviews here today.