Litecoin is a decentralized cryptocurrency created in 2011 by a Japanese programmer living in the United States named Charles Lee. It has a rich history and is, along with Bitcoin, one of the world‘s first created cryptocurrencies.
Litecoin is the second fork of the Bitcoin cryptocurrency after the Namecoin coin.
In a cryptocurrency fork, a different cryptocurrency is branched off - a new cryptocurrency. It is essentially the launch of a new project based on the code base of the old one. At the same time, the main project can both continue its existence and discontinue it. In our case, Bitcoin continues to exist, taking the leading position on the market, while its offshoot, Litecoin, is developing in parallel and independently of it.
The purpose of Litecoin and the reason for its fork was the desire to create a new coin that functions according to different rules. The result is a cryptocurrency that is faster, more reliable, and more economical than its "parent" currency.
This is what helped many casinos to pay attention to the coin and start actively using it. Such decisions resulted in the creation of many LTC cryptocasinos.
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The cryptocurrency provides casino users with impressive benefits. Thanks to LTC you can:
LTC has both the advantages and disadvantages of its "big brother" - bitcoin. Its rate is unstable, depends on BTC rate in the market. This means that the same amount of money in your account can bring you different amount of fiat coins, when converted.
The first cryptocasinos appeared in 2013. Since then, popular search engines have produced an impressive list of links to gambling platforms that accept LTC on demand. Although there are many more BTC games, software developers sometimes offer alternatives.
At first, users doubted that playing for money in such institutions was profitable, but after the virtual coins skyrocketed, all suspicions fell away.
Crypto games attract the opportunity to bet anonymously. Litecoin Gambling is not regulated in any way. Licenses are not issued to institutions that accept players anonymously. But there are hybrid online casinos that implement standard payment methods in addition to LTC. They acquire permits from reputable regulators and operate legally.
Today there are 2 types of online clubs that accept LTC: hybrid and cryptocurrency ones. The first ones offer payment through popular payment systems. In addition to Litecoin, you can deposit dollars using Privat24, online banking, e-wallets, VISA and MasterCard bank cards. Usually such Litecoin casinos operate legally by acquiring a license. There is a separate section in the collection with cryptocurrency games.
The second option - institutions that use only virtual coins. They have an assortment of entertainments inferior to the list of machines of hybrid sites. But it is possible to play minigames: dice, lotteries, and blackjack. The account is automatically made in LTC without choosing the usual currency. Transactions are instant by QR code.
If you want to choose an online casino for Litecoin cryptocurrency on your own, be sure to check it out before registering. A lot of gambling sites in the world behave unfairly towards players. Here is a list of criteria that indicate the reliability of the portal. It includes:
Virtual clubs give rewards for active betting, getting new statuses in the VIP program, completing tasks, downloading mobile applications. Registration bonuses are awarded after depositing LTC to the game account.
All Lightcoin casinos promise fast transfers of winnings. Choose a resource where applications are processed quickly, while in reviews players do not complain about delays.
Establishments with crypto do not require personal user data when creating an account. You will need a minimum - to specify an email address, come up with a nickname and password to enter.
Unfortunately, not all lightkine casinos can boast of a wide range of machines from well-known suppliers. Explore the assortment before registering on the site.
Study other people‘s experiences, ratings of the best Litecoin casinos on reputable resources. Trust the negative reviews more: they often turn out to be truer than flattering comments.
Pay attention to the operation of the slot machine. Unacceptable "freezes", constant errors. In the demo mode is easy to check the payoff and volatility, choose popular slots for betting.
Cryptocurrency, as well as the usual online clubs, offer visitors to the site to play for free without investing and for money. The "Demo" mode is suitable for beginners who are learning the assortment and rules. With its help, you can train, test betting strategies, choose the most interesting slot machines.
LTC casino no deposit does not provide for the payment of winnings. If you want real emotions and money when you fall lucky combinations, you need to register on the site. Refill your account with cryptocurrency and start playing. Or, get bonus rewards and have fun for free, but with the possibility of getting real money as a prize.
What do Litecoin casinos give the player as bonuses: