litecoin gambling

What is Litecoin?

Like Bitcoin, Litecoin is a blockchain-based decentralized cryptocurrency. However, unlike Bitcoin which has an unknown creator, Litecoin was designed by now famous Charlie Lee, an early Bitcoin adopter turned computer programmer who wanted to improve upon Bitcoin, by making a light-weight, ultra-fast cryptocurrency that is best suited for small payments. Created in 2011, Litecoin was built by taking all the best parts of Bitcoin, and then improving on them. Litecoin has a 2.5-minute block generation time, which means that transactions are confirmed much faster than many other cryptocurrencies (including Bitcoin).

As one of the earliest cryptocurrencies, Litecoin has a huge following, with hundreds of thousands of users transacting in LTC daily. This explosion in adoption has been recognised by the thousands of stores and has seen massive adoption making it one of the largest cryptocurrencies in use today. Like its predecessor Bitcoin, Litecoin is based on a decentralized blockchain ledger that is used to track the movements of LTC units throughout the system, this provides numerous benefits over traditional currency which will be described later on.

Litecoin Gambling

Like Bitcoin, the Litecoin gambling industry is exploding with popularity between 2015 and 2018 due to the great features the Litecoin blockchain offers. By using decentralized blockchain technology, your Litecoins are essentially unhackable, as it would take an extraordinary amount of processing power to overwhelm the Litecoin network. Because of its speed, huge adoption and near anonymity, LTC has become a popular method of payment at many online sportsbooks and casinos, an industry that has truly embraced Litecoin like no other.

Benefits of Litecoin

Since the initial release of the first cryptocurrency (Bitcoin), there has been several other highly successful altcoins that have exploded in popularity. One of the most successful of these, and one of the earliest cryptocurrencies, is Litecoin. Like all cryptocurrencies, it is far more secure, cheaper and more efficient than traditional currencies, but also have several great advantages that make it suitable for gambling with, these include;

Privacy:
As you may be aware, most cryptocurrencies are pseudo-anonymous. This means that you don’t need to provide any identification when creating a wallet and sending payments between accounts does not require any ID verification or personal documentation. This also follows with most Litecoin betting portals, as they rarely require you to provide any identification when registering, and many allow you to play with just a username, no email or password required. This works as they simply provide you a login cookie which is tied to your browser, automatically loading your unique account when you visit the site. If you don’t like your personal information being handled, and just want to play in peace without going through unnecessary ID checks, then Litecoin gambling is the ideal solution!

Provably Fair:
Litecoin based casinos often use a system known as provably fair to prove that the result that was generated from your game session was indeed random, and not generated in advance or under the control of some external influence. Provably fair casinos demonstrate exactly how the result was generate randomly, ensuring that your games are not rigged or manipulated in any way. Provably fair casinos are among the most trustworthy kind and is a feature we believe all casinos should implement if they haven’t already.

Lower Fees:
Litecoin is decentralized, this means that transactions do first pass through a central authority (such as a bank) to reach their target. Centralized payment transfers such as bank transfers, PayPal transactions, western union etc tend to attract heavy fees, often as high as 10% of the transaction amount. This is almost completely eliminated with Litecoin, as the transaction fees tend to be almost negligibly low, and simply relate to the size of the transaction required to be processed. Even very high value transactions still only cost a small fraction of 1%, massively lower than IBAN transfer costs.

Transaction times:
When it comes to speed and efficiency, traditional currencies simply cannot compete. Due to the short block generation time of Litecoin, the network is able to confirm transaction in as little as 2.5 minutes, massively shorter than the time taken for bank transfers to register. This means you can deposit your cash, and be playing literally 2.5 minutes later, as the first confirmations are achieved. So long as your casino or sportsbook doesn’t implement any additional delays, this means your gambling experience can occur almost instantly after deposit. Take that fiat!

Safety:
The Litecoin blockchain is secured by thousands of miners that comprise the Litecoin hashing network. These miners all work together to ensure that the system is free from corruption or manipulation by independently validating the blockchain record. This means that the blockchain is completely decentralized, and no single miner can bring down or corrupt the network, whilst it would take an almost impossible amount of processing power to successful alter the Litecoin distributed ledger. This property means that Litecoin is extremely safe, and secure to use, and prevents any entity, whether governments, corporations or anybody else from interfering with your payments. Besides this, Litecoin payments are final, there is no arbitrator, so reversals are not part of the system, so you are protected against chargebacks or any disputes related to your payments.

Where can I find Litecoin Betting Portals?

Right here at BitcoinCasino.info of course! We know how hard it is to find good casinos and betting portals, that’s why we have made it our mission to bring our readers only the best, most profitable, or most trustworthy Litecoin gambling portals around, whether they be casinos, poker sites, sportsbooks, or anything else… We will have it here. We know that there are probably hundreds of different online gambling portals that accept LTC, how can you be expected to go through all of those to find the right one for you? It just wasn’t feasible until now. We make sure we keep up to date with all the latest and great Litecoin betting portals, whilst being sure to bring you information about only the best ones here on our website.

In our reviews we make sure to painstakingly analyse each website to bring you information about the currencies they accept, support level, games available, the pros and cons of each site, and of course, which bonuses they are currently running! We also make sure to clearly lay out this information, so you can quickly find what you are looking for. Here at BitcoinCasino.info we bring the most comprehensive list of Litecoin casinos, sportsbooks, poker sites and other betting portals to help you find the one/s that best match your requirements. Of course, this information will be presented in an easy to read manner, so you can quickly find any little details you might be interested in.

We also know that many Litecoin gamblers prefer to access their favorite casinos, sportsbooks or betting portals from their mobile device, so we make sure to clearly distinguish which sites are best for this tech savvy crowd. In our opinion, it is almost essential to have a site that caters for mobile users, and this is a hallmark of a great, customer centric site. Besides this, you might want to know which withdrawal methods a site has, or which customer support options are available, all of this, and much more will be covered in our intricate reviews. We really do leave no stone unturned, as we know how important it is to find the right match for our readers. Check out of reviews section to find out the most trustworthy Litecoin gambling portals available, you will not be disappointed.

Top Litecoin Gambling Sites 2018

  1. CryptoWild Casino Logo
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  2. Fun Casino Logo
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  3. LuckyGames.io Logo
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What games can I play at Litecoin casinos?

The truth is, you can play almost any bet based game with Litecoin, the industry has developed remarkably well in just a few short years, meaning there is no shortage of games available for those who prefer LTC over other deposit options. The most common games available to play are the old classics, include dice games (such as craps), table based card games such as poker and blackjack, and of course the casino classics roulette, black and slots! Whatever your favorite, we have a comprehensive list of Litecoin casinos that have a variety of games to choose from, so you will be sure to find something you like.

Below is a brief overview of the most common game types you will find at Litecoin casinos;

Blackjack is a game played between the player and the dealer, where the aim is to collect cards totalling 21 points. Whoever reaches a score closest to 21 without going over is the winner. This simple game has stood the test of time and became an all-time favorite for online players. Many online Litecoin casinos offer multiple different variations of blackjack, including live blackjack or no limit blackjack.

Poker, who in the world hasn’t heard about poker? This is one of the most commonly played card games in the world, and Litecoin casinos are no different! On the surface it appears to be a simple game, whoever has the best set of 5 cards, including their 2-hole cards, and the (up-to) 5 cards on the board wins! However, what is not so simple, is the strategy, tells and mathematics that come into play at the higher levels! Some online casinos allow you to discard one or more cards in exchange for new cards to potentially improve your hand, and hence your odds of winning!

Lottery games are widespread in Litecoin casinos, just like traditional lotteries you have to correctly select a series of numbers, and you win a fixed amount if you get it right. Usually these lotteries will have a jackpot associated with them if you match the maximum number of numbers (usually around 6-8), but you can also win if you match just a few numbers.

Dice games are one of the best-known games when gambling with cryptocurrencies including Litecoin. They are simple and addictive, and usually have one of the lowest house edges at the casino, making them a crowd favorite! Dice games are widespread at casinos and there are multiple variants available, some of which have special features such as bonuses for hitting certain numbers or sequences. The goal of the game is to predict the outcome of a dice roll, you simply have to guess if it will be over, or under a given value, which depends on the odds of you winning.

Slot machines have a huge following in traditional casinos and remain a player favourite even in online Litecoin casinos. Slot games are usually simple but can be more complicated when multipliers and special options become part of the action. With slot games, you simply enter your wager and hit a lever or button, causing the slot wheels to spin. If you hit a particular combination, such as BAR | BAR | BAR then stand a chance to win big, whilst other combinations pay out smaller rewards. Most slot machines have a jackpot, so are a favorite for those looking for the chance to win big.

Sports betting…. Where would Litecoin gambling be without sports betting? Probably not as far as it is today, as sports betting is one of the major reasons cryptocurrency thrived early-on. There are literally dozens of comprehensive sportsbooks that accept Litecoin, giving you the chance to bet on your favorite games and events, such as soccer, basketball and boxing. Some of the savvier sportsbooks even offer esports betting, allowing you to bet on your favorite titles such as League of Legends, Overwatch, Counterstrike and more!

Is Litecoin Gambling Legal?

In almost all countries and jurisdictions, Litecoin gambling is completely legal as it is technically not a currency and is hence not regulated as such. Because of this, even countries that have banned gambling in general usually do not take a stance on cryptocurrency gambling as technically no money is being wagered in the eyes of the law. Despite this fact, there may be some variation between countries, as the laws and regulations struggle to keep pace with progress, so it is best to check regularly. Here on BitcoinCasino.info we thoroughly research the various Litecoin casinos and sportsbook during our reviews, we make sure to include clear details about which countries are blocked, or not allowed to play on each website. Be sure to check this out when selecting your next Litecoin betting portal.

Are There any Differences Between Bitcoin and Litecoin?

Litecoin and Bitcoin are very similar in many respects but do have different use cases and differ in a few technical aspects. Both Litecoin and Bitcoin are based on the same blockchain based technology that nearly all cryptocurrencies share, but they are slightly similar in their implementation of this. Bitcoin was the first cryptocurrency used, and uses a SHA256 proof of work algorithm, whilst Litecoin uses the scrypt algorithm, which basically means that the way they secure their blockchains is different, making them protected against different kinds of attacks.

However, the main difference between Bitcoin and Litecoin is actually a minor change, with Litecoin having a reduced block generation time of just 2.5 minutes, compared to the 10 minutes of Bitcoin. This block generation time means new blocks are processed faster, and hence new transactions can be confirmed much quicker than is possible with Bitcoin. This is great news for bettors who use LTC to play, as it means their deposits and withdrawals will be processed much more quickly, reducing the time wasted waiting for your money! Despite this minor difference, both of these cryptocurrencies are a great choice for online gambling, certainly more so than traditional currencies.

Do Litecoin Casinos and Sportsbooks offer bonuses?

Of course! Everybody loves bonuses, and this is especially so when it comes to cryptocurrency betting portals! What better way to start playing at a new casino or sportsbook, than to be given a great bonus to help you out? In fact, Litecoin and other cryptocurrency gambling portals tend to be much more generous than traditional casinos with these offers, as they know that the Litecoin gambling scene loves these little incentives.

These bonuses come in a variety of forms, ranging from the lucrative no deposit bonuses, or welcome bonuses where you are given a boost to your first deposit, or possibly repeat players bonuses where you are incentivized to play regularly.

In fact, because we know you love bonuses so much, we have actually created a section dedicated just to this! Check out the bonuses section in the header above, and you’ll find all the information you could possibly ask for from the most generous cryptocurrency betting portals around. Also, any offers we bring to you will be from only trustworthy, secure casinos and sportsbooks, so you know your money is safe and ready to use to play your favorite games with. If you want to get access to all the latest offers, and make the most out of your bank roll, check out our bonuses section today!