What is Litecoin?
If you are new to Litecoin (LTC) then there are some important things to know about it. To begin with Litecoin is one of the best cryptocurrencies because of their super fast transaction time to completion. Of all cryptocurrency transactions Litecoin offers the fastest processing times with completed transactions in less than one or two minutes. Another reason why Litecoin is popular with online casino sites is because sending Litecoins is also very cheap in addition to being very fast.
What are the Best Litecoin Casinos?
Listed below we have provides our picks for the best litecoin casino sites for betting with Litecoins. The following online casinos accept Litecoins for deposits and offer generous welcome bonuses to casino players depositing LTC. If you want to find the best litecoin gambling sites to gamble with we recommend these LTC casinos.
- Bitstarz – Play casino games in Litecoin at Bitstarz Casino and receive a 100% bonus up to €500. Bitstarz is the net’s first hybrid online casino to accept Euros and Cryptocurrency deposits. Bitstarz Casino is legally licensed and regulated by the Curacao gaming commission.
- mBit Casino – mBit Litecoin Casino offers a 110% LTC welcome bonus to new customers. Play litecoin slots, blackjack, roulette and dice games at mBit Casino for your chance to win real Litecoins. mBit holds a Curacao gambling license and is owned and operated by Direx N.V.
Bitcoin Gambling versus Litecoin Gambling
Bitcoin gambling sites are the most popular of all cryptocurrency gambling websites. Litecoin in comparison is the second largest cryptocurrency that people use to gamble online. Because bitcoin casinos are more popular than Litecoin casinos you will naturally have more choices of online gambling sites for betting in Bitcoins. There are fewer choices of gambling websites that accept Litecoins but the number of LTC casinos is growing quickly and more crypto gambling sites are starting to accept Litecoin deposits.
Best Bitcoin Casinos
Some of our favorite bitcoin casino sites are reviewed below. Each one of the following Bitcoin casinos are our top picks for betting BTC. Each casino provides their players with fast and helpful customer service teams and are dedicated to creating a safe online gambling experience for their customers.
- Bovada Casino – Bovada is a top Bitcoin casino that also accepts deposits in USD, CAD, GBP and Euro. Bovada offers up to $4,500 in bonuses and casino software from Revolver Gaming and Realtime Gaming.
- Cherry Jackpot – Get up to $20,000 in BTC bonus offers at Cherry Jackpot Casino on your first 10 deposits. Cherry Jackpot is a USA-friendly online casino with software from Realtime Gaming.
What is Cryptocurrency?
A cryptocurrency is an electronic currency that is encrypted by use of a hashing algorithm. The strong layers of cryptography make financial transactions secure and the encryption layer is a key factor that makes cryptocurrency transactions a better alternative to other ways of sending money online. Cryptocurrencies use a decentralized control system over a public blockchain which serves as a public ledger or database. A blockchain is a list of records/transactions that is always growing with each new cryptocurrency transaction. Transactions are grouped together in blocks using cryptography and must be verified by multiple sources to ensure each transactions is legitimate.
How Can I Buy Litecoin?
You can buy, sell and trade Litecoin and other cryptocurrencies on Bitcoin exchanges and some Bitcoin wallets. One of the most popular websites for purchasing Litecoin is Coinbase.com. Coinbase is an electronic wallet for buying, selling and holding/storing cryptocurrencies including Litecoin, Bitcoin, Ethereum and Bitcoin Cash.
Which Litecoin Casino Games Are the Best to Play?
There are all kinds of online casino games that you can play with Litecoin. Some of the best litecoin casino games are slots, craps/dice, blackjack, roulette and video poker. Litecoin dice games are a spin-off of Bitcoin dice games and usually have very high payouts around 99% so they are quite popular with many Litecoin gamblers.