Learn how to gamble with DASH
Litecoin was one of the earliest altcoins to fork off the original Bitcoin blockchain. Viewed as the silver standard to Bitcoin’s gold standard, Litecoin has grown to become one of the most popular cryptocurrencies in the world. Litecoin’s popularity, along with the speed of litecoin transactions, makes it a perfect currency for online Litecoin gambling. Learn more about Litecoin and how it is beneficial for online gamblers. Also, learn more about the different Bitcoin and Litecoin games available to online gamblers.
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Litecoin vs. Bitcoin - What’s the Difference
For those new to crypto, Litecoin is a fork from the original Bitcoin project. It is basically a spinoff coin. The code between Litecoin and Bitcoin is very similar but with a couple of distinct differences. First, Litecoin uses scrypt for its primary “proof-of-work” algorithm rather than SHA-256. We won’t go into the technology other than to say that Litecoin is more expensive to produce than Bitcoin.
However, the primary difference between Litecoin and Bitcoin is block speed. Litecoin’s network produces a new block every 2.5 minutes. It takes 10 minutes to do this for Bitcoin. As such, Litecoi is faster than Bitcoin. Transactions from your Litecoin wallet take between two to five minutes to process instead of 10 to 20 minutes for Bitcoin. During heavy traffic, Bitcoin transactions have been known to take hours.
One advantage of using Litecoin over Bitcoin for online casinos is miner fees. It’s no secret that Bitcoin can be expensive for end-users and are up to 20x that up Litecoin. As a great example, back in 2018, a trade of $99 million in Litecoin was made and cost the user just 40 cents. The average fee for Litecoin transactions is less than 2 cents presently compared to $2.50 or more for Bitcoin.
There are many ways you can gamble with LTC online, but the most popular is online casino gambling. Litecoin casinos offer a wide selection of Litecoin games, including online Litecoin slots, table games, video poker, bingo, and Keno. Most casinos also offer a variety of live dealer games where you can interact with a human dealer and other players, such as Litecoin blackjack which is one of the most popular.
It should be noted that most casinos that tout themselves as Litecoin casinos are actually Litecoin-friendly casinos. What that means is that you can make a deposit and even cash out using Litecoin LTC. However, you will not play with Litecoin. Instead, you will play with either fiat or with BTC.
On occasion, you will find hybrid crypto casinos that offer Litecoin games as part of their casino offering. You can play using Litoshis like you would satoshis on BTC games.
Pay close attention to the rules for Litecoin transactions for your casino. Some may accept Litecoin deposits but will only cash out using Bitcoin. If you have any questions, speak with customer support.
A large number of online gamblers bet on sports. If your one of those, you will find some sportsbooks who are Litcoin-friendly. You can deposit and withdraw using Litecoin, but you will place bets at either in fiat or using BTC. Litecoin betting options are the same as any other form of online betting, with plenty of options and tons of markets worldwide.
Litecoin sports betting sites will allow you to bet on most global sports. Some will focus heavily on US markets like the NFL or NBA, while others will have a large variety of international competitions, such as Premier League Football or the AFL. You will even be able to be on special events like championship boxing or the Olympics. When choosing which Litecoin sportsbook to use, make sure to determine one that offers competitive odds and is reputable.
Some online casinos will have sportsbooks attached or in partnership. If you register at one, you will be able to play at both.
Online poker exploded in the early 2000s and remains wildly popular today. Many online poker sites now accept Litecoin deposits, allowing you to grow your poker bankroll with crypto. These sites offer a wide variety of poker games, with Texas Hold’em and Omaha Poker having the most action. You will also have a solid selection of online poker tournaments, including Sit and Gos, multi-table events, and more.
Unfortunately, there are no individual Litecoin poker rooms that allow you to deposit and play Litecoin games with LTC. Instead, you will have to convert your LTC to either fiat or BTC. BetOnline.AG is an excellent option for playing online poker and accepts numerous forms of digital currency.
Best Bonuses for Litecoin Games
Want to stretch your Litecoin deposit to the max? Check out the promotions section of your casino for Litecoin bonuses. Generally, your Litecoin casino, sportsbook, or poker site will have several bonuses for Litecoin players.
The most common bonus at Litecoin gambling sites is the Welcome Bonus. Similar to most Bitcoin casinos this offer rewards you for making your first deposit or sometimes you first three to five deposits. It usually consists of a match bonus and some free spins. For example, you may get a 200 percent match bonus along with 50 free spins on a featured slot game for making your first deposit. This free Litecoin can be used to test out the casino and its games.
Reload bonuses, also just referred to as deposit bonuses, are for players who have already used their welcome bonus. Often, they are simply a match bonus or a free spins bonus. Commonly, this bonus can be used daily, and in some cases, you can use it multiple times per day.
Other bonus offers may include weekend bonus offers, free spins bonuses, birthday reward bonuses, and more. Check out the promotions section of the website for details on bonuses. Make sure you sign up for email notifications as some casinos send offers via email that aren’t advertised on the site.