What is Litecoin Cryptocurrency?

Litecoin (LTC) is a cryptocurrency, which means that it exists only in digital form, without physical banknotes. The Litecoin (LTC) System is implemented almost identically to the Bitcoin and it was created in October 2011. The creation and transfer of Litecoin is based on an open-source encryption protocol. Litecoin transactions are confirmed using blockchain technology – a decentralized database that is open and public. This makes it harder for hackers to steal virtual money or user data and ensures that transactions always remain secure.

Today Litecoin is becoming increasingly popular in online casinos although not many platforms support it. The fact that Litecoin casinos are becoming more and more popular is also due to the fact that this currency is currently one of the 50 most popular in the market.

A few words about Litecoin casinos

Although cryptocurrencies are not yet on the agenda in online casinos, more and more platforms are choosing to make them available among their payment methods. Any player with no experience in cryptocurrencies should not worry too much - most of these casinos ( cryptocurrency and metaverse casinos ) operates on very similar principles to classic online casinos.

When searching for your Litecoin casino, it is very important to carefully check whether the platform in question is trustworthy. First of all, you need to pay attention to the license. Below we have decided to present a few online casinos available on South African market that support Litecoin payments:

Bruno Casino

Bruno Casino allows you to make deposits using both classic payment methods and cryptocurrencies. The minimum deposit amount at the casino is EUR 15 or the equivalent in another currency. The big plus of the casino is the fact that payments are posted instantly and the casino does not charge any fees for processing them.

Every new player who decides to open an account with Bruno will receive a bonus for the first 3 deposits. In total there is up to 1.59 LTC and 250 free spins . In addition, the casino has prepared a lot of promotions for regular players, such as daily cashback, tournaments, lotteries, or Drops & Wins.

Playouwin Casino

Playouwin focuses mainly on cryptocurrencies, although players also have a choice of classic payment methods. This Curacao-licensed casino offers over 2,000 titles, including slots, table games and live casino.

Each new player can get a classic cash bonus and free spins or 20% cashback on your first deposit, which is not subject to any wagering requirement. All payments are recorded immediately, while withdrawals are made within 48 hours. Also great information is the fact that the casino does not charge any fees for processing payments.

Other casinos that accept Litecoin

Examples of other casinos that support Litecoin are:

• Just Bit
• MBit
• Wild Coins
• Excite Win
• Fortune Jack
• Fairspin
• Nine
• Bizzo
• Neon54

Using Litecoin in a casino step by step

In order to be able to deposit Litecoins into a casino, you must of course have them first. Any cryptocurrency can be purchased on exchanges for classic currency or other crypto. After that, Litecoin should be placed in the wallet so that it can be used to pay or transfer.

The exact way to use Litecoin in cryptocurrency casinos will of course vary from site to site, however, the general rules are as follows:

• Go to the casino or banking section of your casino account
• Choose Litecoin as your payment method
• Enter the amount you want to deposit
• The casino will generate a one-time LTC address to which you will be able to send money
• Enter this address into your cryptocurrency wallet along with the amount you want to send
• If you have a lot of digital assets in your wallet, make sure you send LTC!
• The money should appear immediately in the casino account

Limits, fees and processing time of Litecoin payments in casinos

Many casinos realize that the issue of fees is extremely important for players, which is why they do not charge any commissions for processing crypto payments. However, it should be remembered that many cryptocurrency wallets charge such fees that are beyond the control of casinos.

Each casino has its own payment limits, which can also vary depending on the method chosen, so we recommend that you carefully check the deposit rules before making a deposit. The same is true for payouts, the values of which vary in almost every casino.

Litecoin payments in many cases are posted instantly and take up to a few minutes, however some casinos reserve the ability to post withdrawals up to 48 or even 72 hours.

Litecoin casinos: advantages and disadvantages

The advantage of Litecoin is certainly the fact that this cryptocurrency is still much cheaper than Bitcoin or Ethereum. In addition, many casinos using cryptocurrencies award significantly higher bonuses to crypto players compared to those using classic currencies. Cryptocurrency payments allow for anonymity in the network - when registering at crypto-based casinos, almost no data is often required, although you have to reckon with the fact that the player may be asked to verify when withdrawing funds.

The disadvantage of Litecoin is certainly the fact that many casinos still do not accept this method, which makes the choice of casino somewhat limited. In addition, users have to reckon with the transaction fees imposed by crypto wallets, and large fluctuations in the exchange rate can expose them to losses in the value of winnings.

How to find a safe and trustworthy Litecoin casino

One of the most important things to check before choosing any casino is security and fairness. The first thing to check is definitely the license - you need to make sure that the casino has it. One of the most popular licenses in cryptocurrency casinos is the Curaçao license. To protect user data, the platform should always be secured with SSL encryption. This prevents unauthorized persons from accessing them. If the platform or the company that manages it has several years of experience in the market, this is also an advantage, because it testifies to trust and allows you to check the opinions of players. However, this does not mean that new platforms are not trustworthy. Other important aspects in an online casino are protecting players from addiction. Users should be able to set their own limits and take a break from the game.

Tips for using Litecoin in an online casino

In order to make it easier for everyone to start their Litecoin casino adventure, we have prepared some tips that can be useful before you start playing.

• Compare Litecoin wallets with each other

Since most wallets charge fees for the transactions they conduct, it is good to compare the amount of commission in several of them. This makes it possible to save even large amounts on fees. Therefore, we do not recommend choosing the first wallet that appears in the search engine.

• Pay attention to the LTC rate

In the case of cryptocurrencies, price fluctuations play an extremely important role. Therefore, it is worth buying coins when the exchange rate falls. Thanks to this, it is possible to buy more of them and later take advantage of repeated price increases and greater profits from winnings.

• Check the bonus offers

Before playing at the casino, you should always check the prepared bonus offer. Some of the casinos Grant much higher bonus values to crypto players, but others may exclude them from the bonus offer altogether. Therefore, we recommend that you carefully check the bonus rules, so as not to be unpleasantly disappointed later.

Summary

Litecoin casinos are not yet the most popular and most common on the market. This Trend has been changing lately and especially new casinos are focusing on the often overlooked cryptocurrency fans. If you are looking for an alternative to classic payment methods which is faster, anonymous and in many cases allows you to earn higher bonuses - Litecoin may be just for you.