All you need to know about Litecoin Casinos
For those who are already familiar with what a cryptocurrency is, there is good news. More and more mainstream businesses are accepting cryptocurrencies as a payment method. The more they are getting accepted in the mainstream, the more stable they are becoming. A lot of cryptos have reached very high prices and are becoming much sought after. Bitcoin has long been accepted as a market leader, but some other cryptos are not that far behind.
Apart from the usual Bitcoin and Ethereum, cryptocurrencies such as Ripple and Litecoin are making a lot of splash in the cryptocurrency market. Litecoin started as a bitcoin fork, but it has come a long way since. Having still a lot of room to grow, Litecoin holds a lot of potential in the near future. And if you are a crypto enthusiast, you are already gambler. And where better to gamble than the favorite place of the gamblers, the casinos?
What are Litecoin Casinos
Unlike the traditional casinos, where only fiat money is accepted, the crypto casinos accept a number of cryptocurrencies. Although Bitcoin and Ethereum casinos are the most common, their stable prices are not lucrative enough for those who are aiming high. After all, the gains made by the likes of Litecoin far outweigh the gains of Bitcoin.
So, if you are aiming high with your feet in the future, it is only wise to play for Litecoin. And, only a select few crypto casinos give you the option of wagering with Litecoin. The Litecoin casinos are fun, promising and full of possibilities. And they offer a lot of benefits over the traditional fiat money casinos and even Bitcoin casinos.
How do Litecoin Casinos work
The very working principle of Litecoin Casinos is not very different from the traditional casinos. They have all sorts of games, starting from slots to poker. Even the slots come in different types and patterns. You place the same kind of bet, with similar risk. So, if you are a newbie in the crypto casinos, don’t panic. You already know how to play from the regular casinos.
The only difference is your bet is in the form of Litecoin. So, instead of winning in fiat money, you will get Litecoin. And as the trend shows, over time, your winnings will be much more than in traditional money.
Why play at Litecoin Casinos
While it may take a little bit of time for you to get used to Litecoin casinos, the returns are well worth. There are a lot of unique value propositions over traditional casinos.
- There are no intermediaries in the game or payment process. So, what you spend is what you put into the game and what you win is what you get. So, there is no transaction fee or commission to anyone.
- Gambling is not something you want to go gaga over in front of everyone. It is your private affair. And the Litecoin casinos help you keep it that way. You can play being anonymous without putting in your identity. A simple wallet address is all you need to keep playing.
- Anonymity means a lot of freedom in legality and taxes. So, with Litecoin, you don’t have to worry about the tax authority taking a sneak peek at your earnings.
- Litecoin is based on the same technology as Bitcoin, i.e. blockchain. Blockchain ensures fairplay with proof of work. So, you don’t have to worry about getting cheated.
How to choose the best Litecoin Casino for you
Choosing the best Litecoin casino can be a huge headache. Being played anonymously, the players can have trust issues with the casino and rightly so. Selecting the best Litecoin casino will need you to check all genuine customer reviews, the bonuses offered and even the variety of gameplays available in the casino. Going a bit on the technical side, the independent certifications (including SSL certification) can prove the genuineness of the casino. So, you will know how to check if your money is safe.
Additionally, the ease of payment and payout rate are also huge factors in selecting the best Litecoin casino. Generally, in this aspect, Litecoin scores big over Bitcoin and Ethereum. The payment settlement is faster and as secure.
Thee gameplay is generally casino specific. However, all the usual casino games are present in Litecoin casinos. Be it the Litecoin blackjack, Litecoin slots to Poker and Dice, you will find a lot of games to choose from. Initially you have to play against the system. In later stages, with availability of players, you can play against other live players.
The Litecoin casinos have some rules that differ from the traditional casinos. For example, in slots, traditional casinos only consider straight lines. However, in crypto casinos there are a lot of patterns that can multiply your winnings. It may very well take some time for you to understand, but the gameplay is much more fun and your winnings chances are a lot better.
Betting bonuses with Litecoin Casinos
Like every other Crypto casinos, Litecoin casinos also offer different types of bonuses. Some are deposit bonuses and some are no- deposit bonuses. When you deposit money for the first time in the casino, as a welcome bonus you get some Litecoins free with your deposit. On the other hand, no- deposit bonuses don’t need you to make a deposit. When you sign up with a specific bonus code, you get ssome coins or spins free.
Is it legal to gamble with Litecoin
The legality depends on the country you are playing from. If crypto currency or gambling is not specifically banned in your country, chances are playing in these Litecoin casinos are not illegal. So, you can just start playing worry-free.
Start with Litecoin Casinos
Before you sign up and start playing, you will have to purchase some Litecoin first. In the exchanges, first buy Bitcoin and then you can get Litecoin in exchange for Bitcoins. On the other hand, you can directly purchase Litecoin if your exchange has that option.
If that doesn’t work for you, you can also directly purchase Litecoin from the Litecoin casinos.