Lowdown on Litecoin Crypto Casinos: Why Use LTC for Gambling?

Litecoin online casinos are becoming more popular every day thanks to their incredibly fast transactions and security. With so much innovation in the crypto world, it can be hard to keep track of everything and choose the option that is right for you.

This is why our experts at Cryptogamba have compiled a complete guide with all the advantages and disadvantages of using this up-and-coming crypto. Keep on reading to find out whether you are the type of player that will benefit the most from LTC gambling.

What Are Litecoin Casinos?

Litecoin, also known as LTC, is a decentralised crypto. It was created by a former Google engineer with the main goal of being a lighter and faster alternative to Bitcoin. In fact, that’s what the name means – lite (light) coin. It is similar to BTC because it is built on open-source blockchain tech. However, it is different from it in terms of speed, fees, and supply.

LTC casinos online are crypto casinos offering deposits and withdrawals using this currency. More often than not, Litecoin is not an exclusive casino banking method, but rather one of the digital currnces accepted by a aprticular operator. However, crypto casino players will often opt for this payment method because of its high speed and low fees.

What Makes Litecoin Stand Out

Litecoin is still a strong contender to mainstream Bitcoin as a crypto. More and more casino sites are offering and boasting this payment method, and players have begun to discover that it might suit their needs slightly better.

Our gambling experts at Crypto Gamba find that the main reasons behind this are:

• Fast Transactions – Compared to BTC and other cryptos, LTC offers a superior speed of casino transactions. During normal blockchain functioning times, LTC has a block generation time of 2.5 minutes. Comparatively, BTC has 10 minutes. For casino players, this means that their transactions with the casino are confirmed faster, which is a big advantage for live game players and live sports bettors.
• Low Fees – Popular BTC has high fluctuations in transaction fees, with the most memorable case being 2023, when the BTC transaction fee increased to $30. Litecoin, on the other hand, has stable, rarely fluctuating fees at around $0.10.
• Supply Difference – LTC has a maximum supply of 84 million coins worldwide, which, compared to BTC, is 4 times more (21 million). It is widely available, and as a lighter crypto, it can be more appealing to some players.
• Casino Availability – As one of the most internationally popular cryptos, LTC is accepted at many online casinos offering crypto. You will be able to find it as a deposit and withdrawal option at most top-ranking casino sites.

Features of Our Top-Ranking Litecoin Online Casinos

LTC casinos online stand out from the crowd and are appealing to players for many reasons. Before recommending an LTC crypto site, we do our due diligence thoroughly.

For best-ranking sites like Playbet Casino to be placed high on our top lists, they must have the following characteristics:

• Real Player Reviews – Legitimacy is of the utmost importance to us, so whenever we recommend a casino, we ensure it has a proven history and reputation with real players.
• Bonuses – Online casino promotions can make or break a player’s experience. All of our high-ranking casinos have good welcome and no deposit bonuses for new players as well as reload and VIP bonuses for existing players.
• Game Selection – Leading crypto casinos should be able to cater to players of all experience levels. We prefer to see a long list of slot games, table games, live dealers and sports betting options. In addition, we pay attention to the bet sizes, list of software providers and, of course, RTPs of all games.
• Mobile Performance – Living on the go is a standard nowadays, so a completely functional, zero-glitches website or a mobile casino app is the minimum a site can offer.
• Deposit & Withdrawal Limits – Having the financial freedom to manage your budget and make deposits that suit your betting habits is of high importance to us. So, what we look for in casinos that we recommend is a relaxed range of limits for both payments and payouts.

These features, together with the obvious like transparency, licensing and reputation, are our secret formula to provide lists of top-notch brands we strongly stand behind.

Why You Should Use LTC for Casino Gambling?

Based on our expert opinion, we found that LTC is exceptionally useful if you prefer speed of transactions and low fees.

Compared to BTC, Litecoin is considerably faster, which is essential for crypto transaction if you are betting live on a specific sport. That last-minute bet can make or break your bankroll, so having a transaction that is processed within 2.5 minutes as opposed to 20 minutes makes a big difference.

Additionally, the second best feature of LTC is the $0.10 fee. If you like to make small deposits often so you can keep an eye on your gambling budget better, then it doesn’t make financial sense to pay fees that can get into the double digits. Instead, a small transaction fee found in Litecoin is your best choice.

Should You Opt for an LTC Casino Online?

There are many popular casino cryptocurrencies nowadays, and choosing the one that is right for you can be challenging.

However, if you think about it through the scope of your personal betting habits – i.e., if you prefer to bet live or make deposits often, then it is a no-brainer: Litecoin is the best crypto for you.