Litecoin Online Casinos

Digital currencies like Bitcoin, Ethereum, Litecoin, and others, were literally created for using and paying online, as stress-free as possible. Therefore, logically, this money is potentially the best option for payments at real money online casinos. As soon as digital money was created, gambling platforms started considering it for offering quick and easy deposits and withdrawals for the users.

Little secret that payment is the most frustrating part of the whole gambling entertainment. While getting the cash you won is super cool, some banking methods require up to a month withdrawal time, so people really get angry with the parlours. In case something goes wrong, like transaction failure due to technical reasons, the cashout may take even longer. So, withdrawing money from Internet gaming platform and waiting for it is always very stressful.

All crypto-currencies, on the other hand, are easy and fast to use, as the system of blockchain supports very transparent and yet totally anonymous transactions that take barely minutes to be processed. As a result, best Litecoin gambling is really advantageous.

Pros and Cons of LTC

To see a bigger picture of things, learn what are the real advantages of using crypto, and especially of using Litecoin, for payment operations at online casinos Litecoin. Besides sharing some general advantages with other digital currency types, LTC has its own pros you may want to keep in mind when choosing the crypto for punting.

• Anonymity - while the Litecoin casino knows your personal information, it does not have all the info about payment when the online Litecoin payout casino passess the payment operation for processing to the cryprocurrency payment system. The system encodes the data, and it is impossible to get who is the receiver of the money, despite the fact that the route of the transaction is transparent
• Transparency - due to the blockchain technology used for crypto-currency payment processing, it is literally impossible to “lose” or “miss” the payment, because the route of the payment creates a chain of blocks, and even when the payment is reversed, the chain of blocks is not deleted; instead, a new chain of blocks is created for reverse transaction. As a result, your money cannot be lost on its way.
  Global usage - crypto-currency systems are available all over the world, because all you need is Internet connection and access to the system.
• Fast transactions - the transaction takes literally minutes; by the way, LTC here is better than BTC, because where Bitcoin needs 30 minutes, Litecoin will take 10.
• Small fees - there are certain fees for transaction, but they are established by the system itself depending on the character of transaction, and not by a third party collecting commissions as it wishes
• No hidden commissions for currency exchange - since LTC, as any other crypto money, does not have to be exchanged when crossing the borders, you do not lose money on currency exchange, as it always happens with fiat currencies
• In many countries, LTC is not yet subject to taxation, so you do not have to pay any tax for winning and cashing out funds in LTC

These are the main advantages of LTC. However, as anything else in the world, it has its drawbacks, and you want to know them:

• the main disadvantage which works for all types of crypto money is that you have to really understand how this currency works, to take advantage of it; otherwise, the processes can confuse you, or you risk to lose money because of being unaware of certain safety issues
• some countries simply block Litecoin together with other coins, because it is close to impossible to control the usage of these currencies
• some parlours allow depositing in LTC, but do not allow withdrawing it; instead, the customer has to convert their winnings into fiat currency. This way, the site does a perfect job accumulating crypto money for its own use, hoping for its future potential. However, this is definitely close-to-scam behavior, and you as a customer has to be aware of that, and avoid such sites.

How To Choose The Best LTC Casino

There are several very simple criteria to look at when you choose an Internet punting platform to bet with LTC. If you always double-check the site for these criteria, high chances you will be able to spot a really reliable and respectable site:

• deposit AND withdrawal are possible with LTC
• no additional fees for LTC transaction from parlour itself
• there are special crypto games in the lobby
• there are special bonuses for punters wishing to bet with LTC

Most often that not, you will be able to choose special games where bets are made only in crypto. This is more convenient for both parties, because the counting is easier and less confusing. This means you can deposit fiat money as well, and bet on some other games, and then bet with LTC in featured games. If there is no special crypto games category in the LTC casino lobby, read Terms and Conditions that apply to LTC betting carefully, to make sure you won’t miss any sneaky conditions.

Please keep in mind that depositing with LTC alone does not give you unlimited possibilities. While the casino can generally allow LTC, there are other nuances that depend on third parties. For example, the site cannot accept LTC from players in your jurisdiction, or some game providers do not accept LTC, or the platform itself does not allow crypto betting for some categories of games. So keep this in mind to be on the safe side, and have more entertainment than frustration with all that stuff.

Crypto-currency is the new black for the whole world, and for the fans of online punting as well! Take advantage and win big with LTC using our detailed and simple LTC gambling guide, but if you want to try something new - visit our page with new Bitcoin casino reviews!