With its lightning-fast confirmation times, low transaction fees, and complete anonymity, Litecoin has quickly become one of the most well-known alternative payment systems in the Canadian iGaming industry. Litecoin casinos offer convenient and safe online betting and gambling. Before getting into the specifics of LTC casinos, have a look at our assorted list of online casino sites that cater to all your gambling needs.
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The Process for Ranking Litecoin Casinos
When looking for the best Litecoin casino, there are a number of factors to consider. Some of the most important criteria we use to determine which online casinos to recommend are listed below.
LTC Bonuses & Special Offer
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Quick Deposits and Withdrawals
The ease and low cost of sending Litecoin from a wallet to a gambling site is a major selling point for this digital currency. Instant depositing and cashing out is a feature at many of the top Litecoin casinos. Litecoin payouts to players are typically instantaneous or take no more than a day.
Minimal Transaction Costs
The best Litecoin casinos typically don’t tack on any transaction fees to either your deposits or withdrawals. While we recognize that players must continue to cover blockchain fees, we believe that banking fees should be eliminated entirely.
Reasonable Caps on Deposits and Withdrawals
Deposits and withdrawals using Litecoin are subject to a minimum and maximum amount set by each individual LTC casino. These should be reasonable, allowing players to test out the casino with a small initial investment and take out as much or as little of their winnings as they like.
Smooth User Experience
Online betting should be as easy and enjoyable as doing so in a traditional brick-and-mortar casino. Best LTC casino sites have intuitive lobby interfaces, mobile-friendly websites, and round-the-clock client support.
Safe Transactions
Using Litecoin for payments should be quick, simple, and safe. We seek out gambling establishments that are trustworthy when it comes to making and receiving cryptocurrency wallet deposits and withdrawals.
Game Options
One of the most important factors to think about when choosing the best LTC casinos is the variety of games they provide. We prefer gambling establishments where slots aren’t the main focus. Worthwhile LTC casino sites must also feature other casino games and live dealer options.
Valid License
When deciding on the best Litecoin casino, safety should be your top priority. You should feel confident in the security of your cryptocurrency both during the deposit process and while it is stored in your casino account. Our research revealed that every single one of the Litecoin casinos we looked into took precautions to keep your personal information and funds safe. This is ensured by obtaining necessary licenses from iGaming authorities and implementing appropriate security measures, such as SSL encryption.
Getting Started at a Litecoin Casino
If you feel you are ready to start your gaming experience with a Litecoin casino, we will guide you through the process of buying Litecoin and getting started playing at the best Litecoin casino.
Step #1 – Choose a Litecoin Wallet
Litecoin should be stored with a reputable company. Here are some of the crypto wallets available in Canada that literally take a minute to set up:
- Electrum
- MetaMask
- Coinbase Wallet
- Trust Wallet
- Coinomi
- Exodus
Step #2 – Purchase Litecoin from a Crypto Exchange
The next step is to decide on a trustworthy cryptocurrency exchange where you can buy some LTC. You will then need to set up an account, enter your email address, pick a username, and create a secure password. After finishing the check-in procedure, you’ll be able to put in fiat or crypto to buy LTC!
Step #3 – Join the Best LTC Casino
Upon obtaining Litecoin, it’s high time to join an LTC casino. Look for the Sign up or Join button. Provide your email address, come up with a password, choose LTC as a cryptocurrency, read the Terms & Conditions and become a registered casino member. You might also receive a confirmation email for verification.
Simply fill out the registration form that appears after clicking “Sign Up” to become a member of a site. Use the email you received as a confirmation.
Step #4 – Log in and Play
Sign into your online casino account and select Litecoin from the banking options on the player’s dashboard. You can start using LTC at this moment on any of the best Litecoin casino sites. You might also want to contact customer support to claim a welcome bonus.
A Quick Look at the Benefits and Risks of Using Litecoin
Pros
- Withdrawal times are typically shorter
- Larger bonuses
- Fees are typically lower than those associated with other payment methods
- Increased safety
- Transactions made in complete anonymity
Cons
- Some casinos do not accept it
- The dangers of playing at an unregulated casino are higher
- Depending on market conditions, LTC could experience a decline in value
Litecoin was created by former Googler Charlie Lee and launched in October 2011. The new alternative currency, a fork of Bitcoin, was designed to provide its users with reduced transaction costs and faster processing times. It is also essential to mention that Litecoin was created with Bitcoin’s drawbacks in mind. However, player’s experience shows that before starting gambling at a Litecoin casino, it’s worth having an unbiased opinion. So, here are the pros and cons for you to make an informed decision.
The Pros of Litecoin Gambling
- Withdrawals are processed more quickly because Litecoin is not associated with any centralized banking system. It uses a distributed network of computers that process transactions around the clock, regardless of whether or not the user is online.
- The best LTC casino sites have found that Litecoin saves them time and money, and as a result, they are able to offer better bonuses to their customers. No wonder many LTC casinos offer more generous welcome packages to new players than those who opt to deposit with traditional currencies.
- LTC transaction fees are much lower than those associated with credit cards, bank transfers, and even some other cryptocurrencies like Bitcoin.
- Blockchain technology enhances the casino’s existing safety measures.
- Litecoin transactions reveal the public wallet number rather than any personal information. That doesn’t mean the authorities won’t figure it out, of course, but it does mean that nobody else will.
The Cons of Litecoin Gambling
- Although the number of Litecoin casinos is growing, it is still not widely accepted.
- The lack of proper licensing at some LTC casinos means that you may be putting your personal information and funds at risk. You should only sign up with a reputable casino.
- The value of cryptocurrencies can fluctuate dramatically. Because of this, some players may feel uneasy about making deposits out of fear that their money will lose value.
- While many sites will accept LTC deposits, most will not permit players to use LTC for actual gambling. This may imply that you will need to use a cryptocurrency wallet that supports LTC but sends the casino funds in fiat currency. It may also mean that the casino will need to perform the currency exchange for you, but the exchange rate will not necessarily be in your favour.
Litecoin Casino Sites vs. Other Crypto Casinos
Litecoin isn’t your only cryptocurrency option when it comes to betting online. Some of the best Litecoin casinos in Canada accept alternative cryptocurrencies like Ripple, USD Coin in addition to Bitcoin, Bitcoin Cash, and Ethereum.
It’s important to note that, first, transaction fees are a part of every cryptocurrency. This is because there is no casino fee associated with making a transfer via the blockchain. Since Litecoin has lower transaction fees than Bitcoin, LTC casino might be a more beneficial choice. Making a deposit or withdrawal typically costs only a few cents.
There is also a nuance in whether or not the cryptocurrency is eligible for a bonus. In some online gambling venues, you can get a bonus on your cryptocurrency deposit no matter what cryptocurrency you use. Some even provide Bitcoin-only bonuses.
Being crypto casino enthusiasts, we have researched a number of alternatives to LTC online casinos. Take a look at our other guides to crypto gambling.
Explore Some of Our Most Popular Crypto Casino Guides Here
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Tron casinos
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How to Stay Safe at the Best LTC Casinos
First things first, check the laws of your country or state regarding online gambling. Don’t gamble if it isn’t legal! Taking needless chances is pointless. If you manage to sign up, the KYC withdrawal check could still land you in hot water.
Find a Trusted Online Casino
The second step is to locate a trustworthy Litecoin gambling site. Despite appearances, this is not as simple as it may seem. When reviewing an online casino, we always make sure to look into their licensing, the availability of provably fair games, and the use of secure socket layer (SSL) technology. All these things matter greatly when determining whether or not a casino can be trusted and deserves the title of the best Litecoin casino. While we stand behind the brands featured on our platform, we recommend that you investigate the site’s legitimacy on your own.
Look for Provably Fair Games
Since provably fair games can’t be fixed, they provide an extra layer of security. The ability to play games that can be proven to be fair is a great feature of the best LTC casinos. You, the player, will be able to verify the games’ provable fairness to ensure you’re not taking part in any rigged activities.
Some Litecoin casinos have open-sourced the process of verifying all games played on their website. Players can even visit a third-party website and check out the game verification process compiled by the casino’s community members.
Claim a Welcome Bonus with Care
If you’ve never played on a Litecoin gambling platform before, you might be impressed by the massive welcome bonuses on offer. However, before you put down any cash, you should always check the bonus terms and conditions. Knowing the ins and outs of the casino and your rights as a player is a must.
Multilingual Client Support
Last but not least, play at casinos with staff who can communicate with you in your native language. The majority of online crypto casinos support multiple languages to cater to a wider audience. English, French, German, Italian, Russian, and Spanish are among the most widely spoken languages. So, in case you have any complaints about the site, you can easily pass them on to the staff.