Litecoin Casinos Make Online Gambling Payouts Fast & Safe
In the past, there was no way of knowing how many potential online casino gamblers were being discouraged from playing because of the lack of privacy. All of that seemingly has been changing as online casinos increase their acceptance of cryptocurrency as a viable banking option. Today, we’re seeing more and more so called Litecoin casinos begin to emerge.
History of Cryptocurrency Within the Online Casino Community
Initially, Bitcoin was the only crypto that the online casino community would accept. That was due in large part to Bitcoin’s popularity and acceptability as a means of financial exchange. Slowly but surely, many online casinos became willing to also recognize other coins such as Dogecoin and Litecoin.
Today, approximately 20% of Europe’s online casino operators are accepting at least one of the aforementioned crypto options, including Litecoin. In recent years, Litecoin has become a popular crypto option for European online casino players. In fact, the number of Litecoin casinos has steadily increased every year over the last few years because of the benefits they offer.
About Litecoin
The first Litecoin was mined in 2011. Since then, more than 73 billion coins have been mined. The price per coin as of June 26, 2023, was $89.13. Note: The maximum circulating supply for Litecoin has been set at of Ł84,000,000
It’s noteworthy that Litecoin differs from Bitcoin in several meaningful ways. For instance, the target block time for Litecoin is one every 2.5 minutes compared to every 10 minutes for Bitcoin. Also, Litecoin has a merger mining agreement with Dogecoin, which offers higher compensation to miners of both coins. Bitcoin has no such agreement.
The Benefits Associated With Using Litecoin Casinos
As mentioned above, online casino players can certainly derive benefits by choosing to make deposits and withdrawals with cryptocurrencies like Litecoin. As a case in point, here are a few of the benefits casino players can derive by choosing Litecoin Casinos.
Fast and Safe Deposits and Withdrawals
All Litecoin casino transactions run through a decentralized blockchain. Each transaction has a sender and a receiver. For deposits, casino customers are the senders and Litecoin Casinos are the receivers. The opposite is true with withdrawals.
The transactions typically take place in less than a minute with the money moving from the sender’s crypto-wallet to the receiver’s crypto-wallet within that timeframe. The encoded transactions are immediate and safe. As long as the receiver’s crypto-wallet has adequate protection, there is little to no risk that something will go wrong.
By the way, Litecoin Casinos typically process withdrawal requests without hesitation. They can do that because they already know they received good funds from the customer in question.
Player Anonymity
Casino player anonymity is likely the top reason why online gamblers might choose to use Litecoin as their banking option. They get anonymity on two levels. First, blockchain transactions require no personal information and only produce a transaction code to trace the transaction.
Second, Litecoin casinos do not require their customers provide personal information when setting up gambling accounts. The customers are only required to provide a User ID, password, and crypto-wallet information. With this kind of anonymity, players can avoid scrutiny related to their personal gambling activities.
Lower Transaction Fees
Since Litecoin transactions are handled digitally with little to no human intervention, Litecoin casinos are able to save on overhead costs. These costs usually relate to the need for less customer service manpower. It’s a good thing that most Litecoin casinos are willing to pass these savings along to Litecoin customers in the form of lower to no processing fees for Litecoin transactions. Over time, this is a benefit that can really add up to savings.
Higher Welcome Bonuses
With Litecoin deposits, Litecoin casinos immediately know two things. First, they know they have immediate good funds. Second, they know they are dealing with savvy customers who have significant gambling resources. It’s for these two reasons that Litecoin casinos offer bigger welcome bonuses. These bonuses Serve as motivation for “high rollers” to make larger Litecoin deposits.
Top Litecoin Casinos
If an online casino gambler intends to use Litecoin as their primary banking option, it would benefit them to know where to go. With that in mind, here are five (5) Litecoin casinos that are worthy of consideration.
Limitless Casino
Limitless Casino launched in 2022 with Rockers listed as the owner. They proudly proclaim that they are the fastest payout casino on the internet. The casino offers a decent selection of online casino games with a focus on slots, video poker, and a few table games.
The operator’s Litecoin welcome bonus comes with a 25% Litecoin deposit match with no limits or wagering requirements.
Yabby Casino
Yabby Casino is a new casino established in 2022. They currently accept several cryptocurrencies in addition to Visa and Mastercard. The casino offers access to a growing selection of casino games (slots and table games) from the Real Time Gaming software platform.
The casino’s primary welcome bonus features a 202% first deposit match with no limit and a 1x wagering requirement.
7Bit Casino
7Bit Casino has been operating since 2014 under the ownership of Dama N.V. They’re licensed from the government of Curacao. The website features over 3,000 online casino games from dozens of the top software providers in the world. That includes NetEnt, Microgaming, and Yggdrasil.
Their primary welcome bonus for Litecoin customers features a deposit match of up to 2.5 LTC and 100 free spins on a designated slot.
Slotocash Casino
Slotocash Casino has been operating since 2007 though they just recently started accepting Litecoin as a banking option. DeckMedia N.V. owns and operates this casino, which is also licensed in Curacao. They offer a variety of casino games including progressive slots.
The current welcome bonus covers each customer’s first five (5) deposits with a deposit match and free spins.
Miami Club Casino
Miami Club Casino has been operating since 2012 under the ownership of DeckMedia N.V. and licensed in Curacao. It’s noteworthy that they just recently started accepting Litecoin as a banking option. Their casino games include jackpot slots, video poker, and other table gambles from the likes of Real Time Gaming, Rival, and Saucify.
This casinos welcome bonus covers each new customer’s first eight (8) deposits with a small limit on each one.