Casinos accept a variety of different cryptocurrencies as a way to expand their customer base and welcome all players regardless of their preferences. Over the years, some of the best Litecoin gambling sites have established themselves as the ones the players trust the most.
Litecoin is one of the smaller but well-established altcoins that has a few unique features that work great with online casinos. It provides stability and ease of transfer, which are so important to casino players. In this article, we’ll go in-depth about what a player can expect from a Litecoin casino.
Decentralized Infrastructure
Litecoin provides a decentralized infrastructure since it’s not based on the work of any national bank or a similar financial institution. This eliminates the risks of governmental intervention or any fraud by a central authority. A decentralized infrastructure was the main appeal of cryptocurrencies when they first appeared.
A great thing about Litecoin casinos is that no government policy can affect the value of your winnings once you get them. Since inflation is on everyone’s mind at the moment, this is one of the most important features an altcoin can have.
Low Fees
One of the great features of Litecoin casinos is that fees for transactions are lower than with any fiat currency. These fees are paid when the funds are transferred to and from an online casino, and they cover the services of banks or debit cards, which are used to make the transfers.
Since there’s no middleman involved when using Litecoin, the fees are either lower or non-existent. This is an especially important feature for those who bet and transfer small amounts since the fees affect those most of all.
Speed of Transfers
When a player transfers funds, they expect them to be available right away. With Litecoin this is the case, since in the worst-case scenario, the funds are available within a minute or two. Players can’t expect the same with fiat currency payments. These include banks and cards or at least digital wallet and such payments can even take days, depending on the amount.
There can be a downside to this convenience. If funds are easy to transfer, players may be tempted to add the funds whenever they need a boost to their bankroll. It’s important to avoid that temptation and to stick to a budget.
Anonymity
Litecoin gambling sites allow players to gamble, deposit funds, and withdraw winnings without having to provide their names or bank account numbers. That’s because there’s no centralized infrastructure needed to transfer the funds, and all the players need to connect their crypto wallet to the casino is an email.
This is starting to change, however, now that Litecoin is more common and so are many other cryptocurrencies. Many online casinos are using what’s called Know Your Customer laws to require the players to identify themselves before they register. Casinos usually claim they won’t divulge this information to third parties.
Main Benefits of Using Litecoin Casinos
There are many benefits of using Litecoin casinos. Most of them stem from the IT features of the altcoin itself, as well as its stability. Litecoin casinos also provide bonuses and features that you wouldn’t get with other crypto casinos, as it’s still a small altcoin compared to competitors and they need to fight for every user.
Security
Using Litecoin casinos is safe and secure. The transfers made with Litecoin are easy to track and there’s little chance a player will transfer the funds by accident, with a two-step authentication feature. If a casino is properly licensed, there’s no reason to worry about payouts.
It’s an increasingly important feature to consider as online casinos don’t have a physical venue, and the players sign in to play from all over the world. The players can be assured that they’ll get their payout, and in most cases, the winnings are available within minutes.
Increased Choice
Litecoin gambling sites provide the player with a wide choice of games. This includes games of luck such as slots and roulette, and games of skill such as poker and blackjack. These gambling sites offer traditional casino games as well as niche games with small but dedicated fan bases.
There’s also a great variety of choices when it comes to the size of the wagers you can make. Some players bet small amounts and basically play for fun, but some games and tables can accommodate high rollers and give out huge payouts if you’re lucky enough.
Litecoin gambling sites also offer live dealer games that mimic the experience of visiting an actual on-the-ground casino. This is most often the case with card games such as blackjack or poker. These games have the same odds as the ones that are run by a random number generator.
Convenient Gameplay
Litecoin gambling sites provide convenient gameplay. All the games can be played on both desktop and mobile devices. The gameplay is the same in both cases, and so are the odds and chances of winning. This is especially useful for younger players who are used to betting using mobile devices only.
It’s also possible to automate parts of the gameplay, especially so in the games of luck such as roulette or dice games. The players can set up the base bet as well as their wagering strategy. Players can also set up a stop loss and stop win and allow the gameplay to go on without intervening.
User Experience
Litecoin gambling sites provide an immersive and innovative gameplay user experience. It’s uncommon for the sites to lag or break down. The casinos are usually designed similarly to on-the-ground establishments, meaning they are loud and flashy but easy to navigate even for a novice.
Lately, online casinos are using virtual and augmented reality technology to further innovate their offer and provide an immersive experience for the players gambling from home. These technologies can also be used to train the casino employees and provide a better service overall.
Bonuses And Promotions
All casinos provide bonuses and promotions as a way to promote their services and reward loyal players. Litecoin gambling sites are usually very generous in this regard, as they need to compete against those that use much larger and better-established cryptocurrencies. Bonuses come in all shapes and sizes, including deposit matches, welcome bonuses, free spins, and many others.
The bonuses aren’t free money, the players need to meet the wagering requirements in order to use them. In some cases, the requirements are too expensive, and the bonuses aren’t always worth what they seem to be.
To Sum Up
Litecoin is one of the most trusted and popular altcoins out there. Its features and the technology behind it make it a great choice for online gambling. Using Litecoins to fund your online gambling efforts is simple and safe, and it doesn’t require the player to provide any personal information including their names.
Litecoin gambling sites provide a variety of games and ways of betting, as well as immersive and simple gameplay. The casinos can be used on mobile and desktop devices and provide a variety of bonuses that players should take advantage of.
