Litecoin casinos, how they work, their pros and cons, and more that should interest every Canadian player. Players have become curious since online casinos started offering various cryptocurrencies as a viable payment method. If you are one of these players, you are in the right place!
Finally, you will have a clear understanding of how Litecoin and Litecoin casinos work, so you know exactly how good they are for you.
Litecoin Casinos Explained
Litecoin casinos are generally the same as any other crypto casino or online casino. The main difference is that they offer Litecoin as a payment option. This is why we need to talk about Litecoin as well. However, you should know that, unlike Bitcoin and Ethereum casinos, you will not find pure Litecoin casinos.
Even if the number of Litecoin casinos is not as large as that of Bitcoin or even Ethereum casinos, existing casinos are still a viable option and you will soon see why.
Is It Legal to Play in Litecoin Casinos?
Before explaining why Litecoin casinos are a good option for players, we must state that Litecoin casinos are completely legal in Canada and most other countries. Because of this, gambling with Litecoin is completely legal as long as the online casino of your choice is also legal.
Litecoin at Best Online Casinos – How Does It Work?
Litecoin transactions are confirmed using blockchain technology – an open and public decentralized database. This makes it harder for hackers to steal your virtual currency or data. Also, it ensures that your transactions remain safe at all times.
If you’re new to the exciting world of cryptocurrency gambling, don’t worry too much. Most of them are similar to traditional online casinos.
When you join an LTC casino, you still need to register, provide some personal information, and deposit funds before you can start playing. There will also be bonuses and traditional casino games. In addition, the usual security features are present, including a good license that allows it to operate legally.
However, one of the main differences is that casinos that accept Litecoin are still relatively new. To counteract some people who still lack trust when it comes to cryptocurrencies, these casinos sometimes disclose their software algorithms to show that everything can be provably fair. This is an unimaginable practice for most traditional online casinos.
Litecoin Casino Bonuses
Most online casinos that accept LTC offer their players huge bonuses. This is because paying the casino with cryptocurrency is cheaper and faster than fiat currency. So the savings are passed on to you in the form of bonuses, which you can then use to play at the casino.
Sounds like a win-win situation for you and the casino!
Just a quick note though – these bonuses are rarely listed as LTC Casino Welcome Bonuses or LTC Casino No Deposit Bonuses. This is because most casinos that allow players to deposit Litecoin will also convert the cryptocurrency to fiat so they can play casino games.
How To Choose Casinos That Accept Litecoin Deposits
While it can be a good thing to have a lot of options in the market, we also recognize that some of our readers are overwhelmed by the number of Litecoin casinos available; and don’t know how to find the right option for their budget and their needs.
Litecoin gambling should always only occur at reputable and safe licensed casinos. You should look for all the security features you would normally find in a regular casino; such as good licenses, third-party certifications, affiliates, and responsive customer support.
- Licensing & Security: Make sure the Litecoin casino you choose has a license in a reputable jurisdiction. Having valid credentials means that the casino meets certain requirements that ultimately protect you. When it comes to Litecoin gambling, you are more likely to get support at a Curacao casino than UKGC casinos, Malta gambling sites or Swedish casino sites.
- Provably Fair: It is always a good idea to look for cryptocurrency casinos that use provably fair software. This is to ensure that neither players nor casinos can cheat on Litecoin games, making these casinos the safest makers on the market.
- Software Providers: A good casino only works with reputable and trustworthy gaming providers. Not only do these providers create exciting new games to stimulate the senses, but they also use RNG (Random Number Generator) technology to ensure fair and completely random odds on every spin. This technology – plus real-time transport protocol. Game Score – Online casinos cannot change it, so you can be sure it’s the same everywhere.
Games at Litecoin Casinos
We know you’re here to play casino games with Litecoin. So let’s get straight to the point and answer your most pressing question: what kind of casino games do Litecoin casinos offer?
Short answer? Everything under the sun.
They have all the games you’d expect at any online casino, such as video slots, roulette, blackjack, video poker, and table games like baccarat, dice. They also offer a wide range of live dealer casino games, lotteries, bingo, Keno, dice games and more.
While many LTC casinos allow deposits and withdrawals in this currency, they may also exchange it for fiat currency and sometimes even bitcoin.
Litecoin Gambling Games
- Litecoin Slots: Slots are a popular choice for many casino players. This is why so many operators offer hundreds or even thousands of games from various game developers. As a result, the list of Litecoin games becomes endless, including adventure, pirate, ancient Egypt and mustache-themed games.
- Litecoin Blackjack: The classic card game, is a staple in most casinos. Litecoin Blackjack is as fun and enticing as many game developers create dozens of variants with stunning graphics, impressive sound effects, and fast mechanics.
- Live Casinos Litecoin : Playing live roulette, blackjack, and poker, as well as live game shows like Monopoly, Deal or No Deal, and Crazy Time Live, is a great way to bridge the gap between online casinos and their brick-and-mortar counterparts. Litecoin Live Casino, like traditional online casinos, is always overseen by a live dealer.
- Roulette Litecoin : Roulette is an icon in the gambling world; the game remains a favorite among land-based and cryptocurrency casinos. The rules of the game remain the same. All that changes with Litecoin gambling is that you can bet on LTC tokens. Plus, the game just got better thanks to the graphics and sound advancements!
Pros & Cons of Litecoin Casinos
Advantages of Using Litecoin to Gamble
- Faster withdrawals: Litecoin is not connected with any bank or company. The transactions are processed through a decentralized computer network that works 7 days a week. Therefore, cryptocurrency transactions are often faster than transactions using traditional payment methods.
- Lower Fees: LTC transaction fees are a fraction of what you pay for most traditional payment methods, as well as some other cryptocurrencies, including Bitcoin. The difference might be a few cents, but it adds up!
- Security: By using blockchain technology, which is one of the most secure networks out there, you actually add an extra layer of security to the casino. This means your money is less likely to be stolen.
- Privacy: All Litecoin transactions are anonymous as they carry a public wallet number instead of your details. That doesn’t mean the authorities can’t find out it’s you, but by all accounts, others certainly won’t.
Disadvantages of Using Litecoin to Gamble
- Loss of value: Cryptocurrencies are very volatile and their value can fluctuate wildly from one day to another. This may lead some players to worry that what they have deposited may not last long.
- Licensing: Some cryptocurrency casinos, including Litecoin gambling sites, are not properly licensed; meaning joining them could put yourself and your funds at risk. Therefore, you must only join reputable casinos. We have done the research for you and listed many legal and licensed LTC casinos above.
Summary – Are Litecoin Casinos Good?
Litecoin casinos are a good option for those who love cryptocurrencies, although they are not as common as Bitcoin casinos. However, Litecoin transactions are faster than most other crypto exchanges and the fees are among the lowest in the market. Litecoin Casino certainly has its charms and is definitely worth signing up for.