Internet casinos have gained worldwide acceptance as the go-to gaming platforms in the 21st Century. Even more importantly, new payment gateways have continued to emerge. As a result, online casinos that accept cryptocurrency deposits and withdrawals have increased in number. A good example is online litecoin casinos, also known as litecoin gambling that is now as popular as BTC casinos. Despite its volatility, gamblers are beginning to attach valuable significance to litecoin casinos.
A litecoin casino is not only safe and trusted by millions of gamblers but is also regarded as one of the best gaming sites for players looking for top cheap casino websites.
Moreover, LTC is an excellent banking option for players who seek anonymous online banking. And given its wide acceptance globally, casinos in South Africa are now encouraging real money gambling using Litecoin. An online search for litecoin casino South Africa pulls up hundreds of options to choose a suitable online litecoin casino. Punters also have to check authentic reviews on cryptocurrency gaming sites before settling on a reliable LTC casino.
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Overview of Litecoin Casinos
The internet drives most businesses in the 21st Century. And land-based casinos take their operations, newfound ways of transacting money are also becoming commonplace. Litecoin has become a popular banking option for gamblers who prefer decentralized banking to fiat currencies. In its wake, LTC is slowly becoming as popular as Bitcoin in gambling websites that accept cryptocurrencies.
A Brief Overview of Litecoin
Litecoin operates on the same principle as Bitcoin. It relies on blockchain technology, a system that records, stores, and distributes information anonymously. Most gamblers now consider LTC as the best option than BTC because of faster transactions. First released on 7th October 2011, Litecoin P2P transactions have increased over the years.
Today, crypto traders can buy LTC from leading coin exchanges in South Africa, Europe, and the U.S.A.
How to Use Litecoin?
If you are new to cryptocurrency gambling, using litecoin should be easy and convincing. Follow these steps to get started with LTC online casino:
- Create an account with a trustworthy litecoin exchange. Bityard, Crypto.com, Coinmama, and Coinbase are some of the best cryptocurrency exchanges in South Africa where you can create an LTC wallet.
- Sign up or log into your online casino account.
- Next, add your litecoin wallet as a payment option.
- Move funds between your litecoin wallet and casino account with ease using the deposit or withdraw button in your gambling account.
Buying Litecoin Using SA Rand
Anyone with a crypto exchange account can buy litecoin to use in LTC casinos.
- First, login into your exchange account and add a fiat payment method such as a credit/debit card.
- Your account’s base currency should be SA Rand for faster processing of the purchase.
- Your fiat wallet must have enough funds to complete the purchase.
- Indicate the value of LTC you want to buy using SA Rand and confirm the purchase.
- Check your litecoin wallet balance and transaction details.
- You can now fund your casino account with your litecoin wallet balance.
How to Make Withdrawals and Deposits at Litecoin Casino Sites?
A litecoin casino lets you play games with real money. But first, you must fund your gambling account to place a bet on any game. Usually, LTC deposits and withdrawals are easy and simple. Here is a breakdown of the steps to follow.
- To fund your casino account using litecoin, log in first.
- Navigate to the cashier section in your gambling account and click ‘deposit’.
- Choose litecoin from among the available banking options.
- Next, sign in to your exchange account from the listed options, indicate the LTC amount, and complete the transaction from your crypto wallet.
- Check your litecoin casino account balance and start playing.
- In your LTC casino account, go to your account’s cashier lobby and click withdraw.
- Indicate withdrawal amount and choose a crypto exchange platform from the list.
- Complete the transaction by signing into your litecoin wallet.
Litecoin Fees and Limits
Fees and limits often vary in online litecoin casinos. While the casino and an exchange rarely charge any fees, deposit fees vary on both ends. You should also check the deposit/withdrawal fees chart before completing a transaction. Moreover, the LTC withdrawal/deposit limit also varies. In most cases, a good online litecoin casino allows a minimum withdrawal of 0.12 LTC ($20). Some gaming sites peg the minimum at 0.30 LTC ($50).
Advantages and Disadvantages of Litecoin
Litecoin gambling is fast gaining momentum in South Africa and will soon rival BTC gambling. With the best litecoin casino online, you should reap the maximum benefits of using the crypto coin to move funds to and from your gaming account. But first, let’s explore some merits and demerits.
Notable advantages of using litecoin in online casinos include:
- Litecoin transactions are based on the blockchain system hence anonymous, safe, and secure.
- Speedy processing of transactions makes LTC more widespread than most crypto coins.
- Low fees make LTC a popular banking option in internet casinos that accept cryptocurrencies.
- Litecoin transactions often come with competitive bonuses and promotions.
- It is available in major exchanges hence a convenient banking method in crypto casinos.
Litecoin is not without a few downsides. Here are some disadvantages of the crypto coin:
- Litecoin is not as popular as BTC, Bitcoin Cash, and Ethereum, hence still not widely used in online casinos.
- LTC is highly volatile at the moment, which makes it an unsafe investment.
- The value of LTC is way lower than that of popular cryptocurrencies such as BTC and ETH.
Money Deposit via Litecoin: Is It Safe and Secure?
Litecoin transactions are generated in real-time through a blockchain system. Hence, transferring funds to and from online litecoin casinos is a secure and safe process.
Blockchain is hack-proof, which makes LTC an even more reliable and dependable online banking gateway.
Alternatives to Litecoin for Making Deposits at Online Casinos
Online casinos that accept LTC also allow the addition of other payment gateways. Thus, apart from using LTC for real money gaming, you can also explore the following alternative deposit methods:
- Cards (Debit/Credit): Banking cards are widely accepted in most online casinos. However, you should always keep your credit/debit card information safe to avoid online fraud. Sign up with trusted casino websites for the best experience using credit/debit cards for deposit.
- E-wallets: PayPal, Neteller, EcoPayz, PayNearMe, EcoCard, and Skrill are popular e-wallets you can use in online casinos. E-wallet payments are often instant and attract low fees.
- Bank Transfers: e-Check, checks, and direct wire transfer account for wide-ranging bank transfer methods. However, bank transfers are often slow compared to most payment gateways.
- Other Cryptocurrencies: If LTC is not your favorite coin, BTC, ETH, XLM, Bitcoin Cash, Dogecoin, and others are always available in crypto casinos.
Why Should Players Choose Litecoin at Online Casinos for Real Money?
While the value of LTC remains lower than expected even as BTC value surges beyond expectations, it is a popular cryptocurrency with exciting features. Choose litecoin because of reasons such as:
- A variety of Litecoin games: Crypto casinos now feature several Litecoin-specific games to give gamblers a rewarding and enjoyable experience.
- Litecoin payments are safe: Choose LTC to enjoy unmatched safety when funding your casino account or when withdrawing winnings.
- Enjoy unlimited litecoin bonuses: Earn competitive bonuses right from sign-up to playing litecoin games in top online casinos.
- Low transaction fees: Litecoin fees in internet casinos are negligible, making the cryptocurrency a player-friendly banking method.
Litecoin Gambling Bonuses: How Do They Work?
LTC bonuses are easy to claim. Some casinos offer new players a welcome package with litecoin deposits.
However, these bonuses can only be used on LTC games. Also, note that the bonuses can be used on selected casino games and promotions.
If you are a novice in LTC gambling, note that there are several games you can play with a litecoin balance in your casino account. But first, find a trustworthy gaming site that features the best Litecoin games. Some LTC games you can play online include:
- Litecoin Slots
- Litecoin Baccarat
- Litecoin Roulette
- Litecoin Lottery
- Litecoin Blackjack
- Litecoin Poker
FAQ about Litecoin Casinos
1️⃣What Is Litecoin, and Is It Easy to Use?
- Litecoin is peer-to-peer crypto that relies on a blockchain system for LTC mining and trading. It is easy to use, just like BTC.
2️⃣Is LTC Available in All Countries and All Casinos?
- LTC is not available in all countries. However, it is fast becoming popular around the world and also in online casinos.
3️⃣How Can I Withdraw My LTC Winnings?
- To withdraw LTC winnings, visit the ‘my account’ section in your casino account and click ‘withdraw’.
Choose LTC as the payment option, and indicate the amount. Confirm the withdrawal and check your crypto wallet balance soon.
4️⃣How and Where to Buy LTC to Deposit in My Casino Account?
- You can purchase LTC from leading crypto exchanges in your country. But first, create a litecoin wallet, login, and buy with a fiat currency. Next, log in to your casino account and deposit from your crypto wallet.
5️⃣Can I Use My Smartphone to Play on Litecoin Casinos?
- Yes, most LTC casinos are now available on smartphones. However, you must connect to a stable network to enjoy uninterrupted gaming.
6️⃣What Casino Games Can One Play Using Litecoin?
- Most casino games are litecoin-friendly. You can play table games, slots, poker, and live dealer games using litecoin balance.