Litecoin casinos have become a big thing in the online gambling universe over the last couple of years. In this post, we’ll explain why that is the case, starting with explaining what LTC is and how it came into existence.
Litecoin (LTC) is an open-source P2P cryptocurrency, which was launched in 2011, just two years after Bitcoin (BTC). It was meant to be a “light” version of Bitcoin but has quickly become much more than that.
Litecoin Popularity Growth for Online Casinos
With its limited supply of 84 million coins, Litecoin is a popular choice for investors who predict a very bright future for this crypto. Apart from the so-called “holders” Litecoin is also used by online gamblers for casino deposits and withdrawals.
One reason behind this is that LTC is frequently accepted by online casinos. If a casino prides itself on being crypto-friendly, there’s a high probability that it accepts LTC. Such casinos usually charge no processing fees on LTC deposits. Many of them also have no commission on withdrawals made with this crypto. On top of everything, there are even some gambling sites that will reward you with a bonus if you make an LTC deposit. We have reviewed plenty of such online casinos, all of which you can find on our websites.
When it comes to the transaction speed of LTC payments, they’re superior to most other banking options, including many other cryptocurrencies. For instance, transactions are processed much faster than Bitcoin, with an average block time of just 2.5 minutes compared to 10 minutes for Bitcoin. They are also very secure, especially with the addition of privacy features in 2022. It’s now possible to make “confidential LTC transactions” which obscure the amount of LTC being sent.
Another major advantage of LTC is that you can buy and sell this crypto hassle-free. Practically all exchanges work with this coin, as well as most crypto marketplaces and even some e-payment platforms such as PayPal and Skrill.
Overall, Litecoin provides a fast, secure, and anonymous way to fund online casino accounts, though its adoption is still behind Bitcoin among gambling sites. Checking specific casino policies around LTC deposits/withdrawals is recommended.
Another very fast cryptocurrency you should check is Ripple (XRP).