Litecoin

Litecoin vs Bitcoin

 

This Litecoin review covers ways to register an e-wallet, exchange money, gamble online, and withdraw funds, and also answers the essential frequently asked questions about the topic.

226
Number of countries
1
Number of currencies
108
Number of casinos

Litecoin Wallet & Exchange

Litecoin gambling starts from creating a wallet. An electronic one is usually an option, and it can be installed onto a stationary computer or a portable device. Look for a service where you will be in control of the private keys because not many systems offer it.

How to buy Litecoins? Just as any other currency – at online exchanges, of which there are plenty. They can be purchased for regular currency and exchanged for another crypto cash, from Bitcon to Dogecoin and Ethereum.

With a registered wallet, all you need to sign-up to casino services is an e-mail. The rest can remain entirely anonymous. This should take no more than a few minutes of your time. Depositing at a specialized online venue is easy, as well. Simply find out the number of operator’s LTC ID, and send the deposit that you find suitable. Funds will be added to the account right away.

Withdrawals are fast, as well, if we are talking about regular wins, not the progressive jackpot ones. Your wallet’s ID and the amount you are willing to cash out will be required. No verification documents will be requested. Be mindful of the numbers because if you ask for a transaction to the wrong account, it will be non-refundable and you won’t be able to fix the mistake.

Those willing to store the winnings somewhere in a safe place might consider getting a second wallet, a hardware one in addition to the digital. It allows players to literally take the money out of the network and put it into the offline storage, which is the best protection from having the account hacked and the money stolen.

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Best Litecoin Casinos

Best Litecoin Casinos

At KTC, we supply our readers with links to the best Litecoin gambling sites. These cover options for players from around the world, including casino variants for USA-based players. As Litecoin is a new trend in online gambling, the amount of options is not very big, but we will gradually add more and more places to bet and win in this crypto currency as they become available.

Among those that you can pay attention to is TigerGaming. Quite an experienced label existing since 1999, it provides services under the Curacao license and has entertainment from BetSoft, Spinomenal, Digital Gaming Solutions and Visionary iGaming. Here, users from many countries including America can register to play for real money.

Another variant is mBit – a brand of Direx N.V., offering gaming services since 2014 under the permit from Curacao. Both Litecoin as well as several other popular crypto currencies are accepted here.

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21 Casinos Found
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Liberty Slots Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: International General Enterprises LTD
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  • Slots:126
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    This casino is not accredited by any authority which accepts and actively pursues players' complaints. Click the icon for more details.

Sloto'Cash Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Deckmedia N.V.
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  • Slots:143
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    This casino is accredited by an authority which accepts and actively pursues players' complaints. Click the icon for more details.

Slotland Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Slotland Entertainment S.A.
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  • Slots:30
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  • Estimated payout time is 4 days. Click the icon for more details.
    Live dealer games are not available. Click the icon for more details.
    This casino is not accredited by any authority which accepts and actively pursues players' complaints. Click the icon for more details.

Red Stag Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Deckmedia N.V.
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  • Slots:129
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    This casino is accredited by an authority which accepts and actively pursues players' complaints. Click the icon for more details.

SlotsRoom Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Entertainment Software Group NV
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Crypto Thrills Casino
United States: Virginia is a targeted country. Click the icon to play.

2/5

Owner: none

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  • Slots:81
    Table Games:2
    Video Poker:11
    Arcade and Variety:4
  • Estimated payout time is 3 days. Click the icon for more details.
    Live dealer games are not available. Click the icon for more details.
    This casino is not accredited by any authority which accepts and actively pursues players' complaints. Click the icon for more details.

Jazz Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Jazz Business Solutions BV
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  • 200%
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  • Slots: ≈ 529
    Table Games: ≈ 200
    Video Poker:0
    Arcade and Variety:0
  • Estimated payout time is 3 days. Click the icon for more details.
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  • +11

United States: Virginia is a targeted country.

0/5

Owner: TechSolutions Group NV
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  • Estimated payout time is 5 days. Click the icon for more details.
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No Limit Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Sweetspot NV
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Uptown Aces Casino
United States: Virginia is a targeted country. Click the icon to play.

3/5

Owner: Deckmedia N.V.
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Litecoin Facts and Figures

Considered the second best crypto-currency after Bitcoin, it shares a lot of similarities with the leader. Established in 2011, three years after BTC was introduced, it also is a peer to peer virtual payment system and open source software project. Official abbreviations of this currency are LTC or Ł.

It would’ve been hard to find many distinctive differences, if we compared the BTC when it was just launched, with the way things are with the LTC today. But the reality is – lots of features for which Bitcoins were so much appreciated, are now starting to fade. Among them are quick withdrawals and low service fees.

It is due to high demand for the pioneer digital currency that the team has recently announced launch of Bitcoin Cash to perform functions that BTC was originally created for, whereas BTC would become more of a cash storage.

Safety of Litecoin Gambling

Online gambling in Litecoin is safe due to the fact that this is a completely legal and widely spread currency. It also guards privacy because you will easily become a casino member without verification documents.

As to fees, there are no transaction charges included. You will not be asked to pay more if you are dealing with deposits and withdrawals above average sum, as well. Unlike credit cards, which can easily be hacked, and bank servers, which are volatile to digital attacks, the Litecoin network carefully protects each of its users and their assets.

This is a decentralized system over which no one has power, and the government cannot take control over it. No third parties like intermediary banks pop up.

The question is then – can you trust a specific gambling destination that you chose to place stakes and wager? This is where some research needs to be done. Look for website’s licenses and testimonials. Do they protect financial information of their customers? Do they have a good banking history? Are reviews from the registered members good?

This is where the main difference with the Litecoin appears. This currency is not as volatile. It also has a quick confirmation of the transaction time, which is 2.5 minutes. Yes, less than three minutes for processing a block, which is three times faster than what Bitcoin can offer today. In terms of potential we are talking about 84 million units vs 21 in BTC.

This might not be as important in Bitcoin gambling in the beginning because there are brands that will allow wagering without a blockchain verification. All of them will, however, require a confirmation upon withdrawal. Which is where the good speed of LTC comes in as a convenient alternative.

Name

Litecoin

Type

EWallet

Year Founded

2011

In casinos for depositing

107

In casinos for withdrawal

77

Company name

Litecoin

Website

https://litecoin.org/

Countries

Ukraine, United States, Russia, United Kingdom, Costa Rica, Gibraltar, Afghanistan Show All

Processiong time

0

Best Litecoin Bonuses


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Players from: United States: Virginia Allowed to register  
Payment method: Litecoin 
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3/5RATING

Da Vincis God Welcome Package

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Redemption Procedure: Claiming online

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3/5RATING

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3/5RATING

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First Deposit Welcome Bonus - Option 2

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100% Cashback (After completing the 300% Crypto Bonus)
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  • €300
  • 38XB
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No bonus code required.

Redemption Procedure: Claiming online

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3/5RATING

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First Deposit Welcome Bonus - Option 2

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Cashier Name: 300BTC
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  • €300
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Redemption Procedure: Claiming online

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3/5RATING

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Bitcoin Welcome Bonus

First Deposit Welcome Bonus - Option 2

Cashier Name: 300BTC
38x playthrough | No max cashout
100% Cashback (After completing the 300% Crypto BonusCashier Name: 100BTC_BACK
5x playthrough

  • 300%
  • €300
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Redemption Procedure: Claiming online

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3/5RATING

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  • 300%
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Alternative payment methods for United States: Virginia

FREQUENTLY ASKED QUESTIONS

If you are not protective enough of your wallet information, and someone steals your funds, there is no authority to turn to for justice. Among other cons are high volatility of the currency, and its tendency to jump up and down the value scale on a regular basis. Also, some users complain of some client code issues and errors that are caused by them.

No. Being a decentralized peer-to-peer cash exchange system, it is not a subject to being taxed by the government.

Yes, definitely. Many online locations, both specializing solely on digital currency and the regular options allow welcome bonuses, free spins, cashback, reloads, and other deals, all of which are subject to the wagering requirements.

Here the situation is even less promising than with the Sportsbook. Many of the rooms that opened their doors to LTC Poker players are now being closed due to a lack of demand and customers willing to pay in Litecoin. On the bright side, with the currency's tendency to grow, there may be a better choice of Poker rooms in the nearest future.