In recent times, players who gamble online have tried using digital currencies to play real money games instead of making a deposit on their local currency. Bitcoin is one of the most popular of these currencies, but there is also Litecoin, a crypto currency that is starting to be widely accepted at many online casinos. With this option, there is no central bank that is involved. Players can mine coins to increase their balance and then use these coins to play the real money games that are found at many of the top rated online casinos in the industry. This is a newer form of payment, so Litecoin may not yet be provided at a large number of online casinos, but those that do support the option will provide fast, secure and simple deposits and withdrawals.
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What is Litecoin?
Litecoin was first created in 2011 after the offering of Bitcoin and since that time, it has become a popular alternative for those that gamble for money online. Players will have the ability to exchange Litecoin for traditional currencies like the Euro or US Dollar, just as with Bitcoins. However, Litecoins are known to be much less volatile, offering some great advantages to owners. Transactions at the casino site are processed just as they would be if using a standard currency.
The great thing about using Litecoin is that it allows players to gamble anonymously. They will just have to create a casino account and make a deposit through the Litecoin wallet. Deposits and withdrawals are processed instantly, so the wait time to receive winnings is eliminated, making this a great option for many players.
Online Casinos and Litecoin
Since this is not the most popular method of payment, there are limited sites that support the use of Litecoin. However, most sites that use Bitcoin will also allow users to select Litecoin. One of the preferred sites for Litecoin players is Betcoin Casino. This was established in 2013 and offers 3D games from Betsoft. Players will find a large assortment of slot games, table games, video poker and more, and all games can be played with the Litecoins instead of normal currency.
FortuneJack Casino is another respected site that allows Litecoins to be used. Here, players will enjoy over 170 slot games, an impressive 100% match bonus and access to classic table and card casino games.