Due to the fact that it originated from the Bitcoin protocol in 2011, Litecoin is sometimes cited as the world’s second-oldest cryptocurrency. Since then, this cryptocurrency has been making waves in the online gaming business, and it is a direct rival to Bitcoin Cash in terms of market share.
We’ll take a look at these Litecoin casinos and investigate what sets Litecoin distinct from its rivals in the cryptocurrency market. In this section, we will address some important questions about this cryptocurrency as well as provide some helpful hints for utilizing it at online casinos.
The Order of the Litecoin Casinos According to Us
We put each potential online gambling destination through a rigorous testing procedure before we even consider recommending any of them. Our knowledgeable crew, who have researched and evaluated hundreds of different casino websites and are intimately familiar with the gaming business, is in charge of this procedure.
When we are doing evaluations, some of the questions that we prefer to ask include the following:
Reputation and Authority – Does the website meet all of the requirements outlined by the organization that is responsible for its licensing? Have the agency’s inspections been successfully completed, and does the site continue to have a positive standing with the licensing agency?
Bonuses and Promotions – Are there any loopholes in the bonus system, and are the terms of the bonus easy to grasp for all users? Is there a diverse selection of benefits available, such as incentive packages for returning players, crypto-specific awards, and welcome bonuses for new players?
Game Selection – Which software suppliers does the site work with to supply its games? Do they provide a diverse selection of slot machines, table games, live dealer games, video poker, and other games, including speciality games? How does the company’s offering stack up against that of rivals?
Customer Service – What is the best way to get in touch with customer support? Do they provide a phone line, an email address, or a live chat service? How helpful is the staff that provides assistance for customers? How prompt and courteous are they?
What makes Litecoin unique in comparison to Bitcoin?
A computer scientist by the name of Charlie Lee came up with the idea of Litecoin in 2011 as an alternative to Bitcoin. Bitcoin and Litecoin are highly comparable digital currencies since they both rely on proof-of-work methods to validate transactions. Nevertheless, there are a few key distinctions between these two cryptocurrencies:
The time it takes for a Bitcoin transaction to be approved is between 9 and 10 minutes, whereas the time it takes for a Litecoin transaction to be approved is just 2 to 3 minutes.
The maximum number of coins that can be issued using Litecoin is 84 million, while the maximum number of coins that can be issued using Bitcoin is 21 million.
Because Bitcoin is mined on such a massive scale, its individual coins are worth far more than Litecoin tokens.
While each transaction using Bitcoin consumes 707 kWh of power, each transaction involving Litecoin only consumes 18.5 KWh of electricity.
If you want to use Litecoin for gambling on a regular basis, you should give careful thought to the approval speed as well as the power consumption of your mining rig. Many of these specifics are irrelevant for online gamblers. By adopting Litecoin, you will cut down on the amount of time it takes to receive payments and your overall carbon impact.
When Playing at Online Casinos, You Can Make Deposits Using Litecoin
betonline litecoin betting
You will first need to make a purchase of Litecoin from a cryptocurrency exchange before you can use it to fund your account at an online casino that accepts the cryptocurrency. If you’re just starting out in the world of cryptocurrencies, we highly recommend that you start with our guide for beginners and then go on to our guide for crypto wallets. The information presented on these pages will provide you with a solid basis for betting with Litecoin.
If you’re already an experienced user of cryptocurrencies, the process of making a deposit with Litecoin at an online casino may be broken down into a few easy stages.
First, go to the cashier page of the online casino or sportsbook that you like to use by clicking on that link. Choose the method of deposit that you want to use, which in this example is Litecoin.
Step 2: Ensure that you have entered any applicable promotional codes and/or claimed any applicable bonuses before making a deposit. Since cryptocurrency welcome bonuses often only apply to your very first investment, if you don’t take advantage of them right away, there’s no second chance!
Step 3: Enter the amount of your deposit in dollars, and the site will display the number of Litecoin that corresponds to that amount. Simply enter the address of your wallet, and then provide your approval for the transaction.