Just like Bitcoin, Litecoin is a peer-to-peer digital monetary system that allows for quick and cheap payments. All without the interference of a single financial institution. It was former Google employee Charlie Lee who started Litecoin in 2011.
As the name suggests, this cryptocurrency can be seen as the lite version of the Bitcoin. It may come as no surprise that Litecoin emerged from a division of Bitcoin. Where Bitcoin is regarded as digital gold, Litecoin portrays itself as digital silver.
Both the transaction cost and time are lower when using Litecoin in comparison to Bitcoin. The amount of Litecoins estimated to be in circulation are also higher than the amount of Bitcoins; 84 million against 21 million.
Best Casinos To Play With Litecoin
True Flip
www.trueflip.ioAbout True Flip
Enjoy the nice welcome bonus at True Flip casino. With this you can enjoy their varied game offer that consists of games by market leaders as well as games the casino developed in house. Decide for yourself which ones are the best. You can pay with cryptocurrencies as well as fiat currencies and the customer support is available all hours of the day. The team members are even available through Telegram on your mobile phone.
Overview
Websitewww.trueflip.io
Established 2017
License Curaçao
Bonus 1 BTC + 50 Free Spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
BitStarz
www.bitstarz.comAbout BitStarz
This is not just any Bitcoin casino. BitStarz is the winner of multiple awards. Some of them include the Best Online Casino Award in 2018 and the Player's Choice Award in 2019. The level of expertise is noticeable in every aspect. Bistarz slogan "Dream big, win bigger" is something that'll definitely raise your ambitions. The same goes for the games on offer, as there is a lot to choose from a bunch of the best casino game providers. Overall this is probably one of the best Bitcoin casinos out there.
Overview
Websitewww.bitstarz.com
Established 2014
License Curaçao
Bonus 5 BTC + 180 Free Spins
Wagering Requirement 40x
No Deposit Bonus 20 Free Spins
Live Chat Yes
mBit
www.mbitcasino.comAbout mBit
Backed by a mother company that owns 35 casinos, mBit Casino offers you great benefits. First and foremost there is a great number of games from all of the best providers in the industry. You are also entitled to a nice number of bonuses with an intergalactic theme. To top it all off, you can pay with either cryptocurrencies or regular currencies and you have a great support team at your disposal 24 hours a day.
Overview
Websitewww.mbitcasino.com
Established 2014
License Curaçao
Bonus 5 BTC + 300 Free spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
Litecoin Bonuses
Since Litecoin casinos are like any other online casino, you'll receive all the regular bonuses, promotions and challenges. Make sure you read through the rules of the promotions and challenges to avoid disappointments.
With Dapps it's a bit different since they don't offer any of the extra's that a regular casino offers. That's because the business model is completely different.
An online casino is a business looking to make a profit, whereas a Dapp belongs to everyone. This is also why Dapps usually pay out the house edge to the players on a regular basis. You could call that a bonus.
There's one additional benefit to this bonus though, even if you stop playing at the Dapp, you'll still continue to make money from the tokens you have earned while playing.
Benefits Of Litecoin
First of all, the transactions are four times as quick as when paying with Bitcoin and there are next to no costs involved. The coin is also easier to mine than its predecessor and all hardware wallets accept the Litecoin.
Another huge benefit is that the founder has worked at Google, one of the best internet companies worldwide. Not only does this prove trustworthiness, it also implies that there's a lot of knowledge behind the coin.
- 4 times quicker than BTC
- No costs
- Easier to mine than BTC
- Accepted by all wallets
- Owner is ex-Googler
Casino Games You Can Play With The Litecoin
There are a lot of crypto casinos out there that accept Litecoin as a payment method. It is actually one of the most accepted cryptocurrencies in iGaming. And that is a huge benefit for you, because it means that you'll get to play all your favorite games when playing in a Litecoin casino.
And as you know, the world of online casinos never sleeps. It is in constant development, which means that the number of casinos accepting Litecoins will only grow bigger.
- Litecoin Slots: When entering a few Litecoin casinos you will quickly realize that you can find practically any slot machine you desire. Unless it hasn't been created yet, of course. But any realistic wish will be fulfilled in casinos accepting Litecoins. All the big names like NetEnt, Yggdrasil, Evolution and Quickspin are present, along with some newer providers that offer brand new games for you to try.
- Litecoin Poker: As with online casinos, Litecoin is widely accepted at poker platforms as well. However, most of these platform are from the U.S. and it can therefore still be a challenge to find a European poker platform accepting cryptocurrencies. That shouldn't be an issue if you don't mind playing with players on the other side of the ocean. Just make sure that the platform is safe before you make a deposit. Or alternatively, you can play poker at a provably fair casino.
- Litecoin Blackjack: You'll find many versions of Blackjack in Litecoin casinos. In the table games section as well as in the live casino. Get ready to get to know new versions of your favourite game. Some examples are; Blackjack Surrender (where you lose only half your stake when you fold), Multihand Blackjack (where you can participate with multiple hands), First Person Blackjack (where you play against the computer in a 3D animated game) and Blackjack Common Draw (where every player plays with the same hand).
- Litecoin Roulette: In the available Litecoin casino you can also find many versions of Roulette. Not only the common ones like French Roulette, European Roulette and American Roullete, but a lot more. You probably never heard of Shangri La Roulette. In this version of the game you play a dual play version with a live stream from Tbilisi, Georgia. Like this, there are many other versions of the game for you to discover.
Litecoin Casino Dapps
Even though Litecoin is a widely accepted cryptocurrency in online casinos, this is not so much the case when it comes to casino Dapps. Earnbet is one of the few Dapps to accept the Litecoin.
Earnbet
This is a great casino to start at when it's your first time playing on a Dapp. Not only because it advertises itself to be the first decentralized casino, but also because it's provably fair so you'll know you'll be gambling in a safe place. You can choose from six games, among which the popular casino game Blackjack.
Deposit And Withdrawal
Knowing that transactions with this coin are lightning fast, the processing time for deposits and withdrawals in a casino also couldn't be slower than instant. That is, after the requests have been processed by the casino.
When you are a first time player, you will likely have to identify yourself before you can make your first withdrawal. At most casinos this takes one business day, but it can take up to 3 days if the casino is really busy.
So if you want to play, win and go out for a celebratory drink right after, you'll be better off with a Dapp where the withdrawals are always instant.
ABOUT LITECOIN
Litecoin is 4x quicker than BTC.
Give it a try!
Legal Aspects
As a first time player in an online casino you might be wowed by the welcome bonus. You should, however, never forget to read through the bonus terms and conditions before you accept it and even deposit money. This also applies if the casino doesn't offer a bonus.
It's just always good to know how the casino works and what your rights are. When it comes to Dapps, they usually have a FAQ section instead of terms and conditions that is worth reading.
Also don’t forget to check if the casino has a license and if the Dapp is provably fair. That's the best way to discover whether or not you are dealing with an honest company.