Litecoin is a fully decentralized digital currency created in 2011 by a former Google employee and MIT graduate Charlie Lee. An open source, global payment network based on cryptography and blockchain technology, it is in many technical aspects similar or identical to Bitcoin , however there are certain differences which might make it more easily obtainable and transferable. Much like its virtual counterpart, it is a peer-to-peer currency controlled and managed by individual users based on...
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Litecoin is a fully decentralized digital currency created in 2011 by a former Google employee and MIT graduate Charlie Lee. An open source, global payment network based on cryptography and blockchain technology, it is in many technical aspects similar or identical to Bitcoin, however there are certain differences which might make it more easily obtainable and transferable. Much like its virtual counterpart, it is a peer-to-peer currency controlled and managed by individual users based on supply and demand, with a capped amount of units, and completely free of any central authority or banking institution influence. It was launched to outshine Bitcoin in terms of number and speed of transactions, using a scrypt as proof of work algorithm and different protocols to overcome the scaling and size issues of blockchain, and implement more appropriate transactions formats. The Litecoin network therefore produces more new units per block, handles higher transaction volume and allows faster transaction confirmation times.

How Does Litecoin Work?

Those initiated into the inner workings of Bitcoin, should not have any issues switching over to Litecoin or using both currencies simultaneously, as the latter is based on Bitcoin's open source code base and works on the same basic principles. It is best viewed as a complementing currency with a greater total supply.

Just like other cryptocurrencies, Litecoin resides on the blockchain, and to use it, the coins must be stored in a private digital wallet - an online or preferably a hardware version for greater security. To create a wallet, you must first open an account with a website or application which serves as an online exchange for buying and selling. There are numerous exchanges like CoinBase, Bittrex, Kraken and others, but it is important to choose a trusted one with a good reputation in the community. Wallets can be installed on tablets, mobile and desktops with all operating systems supported.

Litecoin Mac

Pros and Cons

Especially suited for smaller or micro-transactions, Litecoin is a good choice for gamblers to transfer funds to and from casinos. However, there aren't many operators who integrate the currency, simply because its use has not yet become widespread. In the future, merchants should find this option more beneficial than Bitcoin, due to faster transaction confirmation rates, meaning there's less time to wait and ensure customer payments have been received. Due to the confirmation rates of only 2.5 minutes and more frequent block generation, Litecoin can process more transactions in a given time frame.

Compared to traditional currencies, there are major advantages which make it potentially more suitable for gamblers. Being anonymous and independent is especially convenient for US players, but also all others who appreciate the self-serving cryptocurrency system. Provided a safe and trusted exchange is used, along with an encrypted hardware wallet, the safety of transfers will be on an even higher level than with banking accounts. You can send or receive funds instantly from anywhere in the world, at any time you choose. Furthermore, the network and software are dynamic, ever-expanding and changing, with numerous developers working to improve existing features or implement new tools.

Litecoin price

Litecoin payment method fees and facts
Litecoin is popular in these countries -
Link to terms & conditions https://litecoin.com/en/legal

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min WR

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Wagering Requirements

35x(b+d)

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500 %

50x(b+d)

min WR

3.3
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50x(b+d)

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400% up to

$ 4000

48x(b+d)

min WR

3.6
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48x(b+d)

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960x(b+d)

blackjack

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baccarat

480x(b+d)

poker

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american roulette

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150 % + 50 Spins

35x(b+d)

min WR

4
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35x(b+d)

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200 % + 30 Spins

35x(b+d)

min WR

3.3
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35x(b+d)

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300% up to

$ 2000

40x(b+d)

min WR

3.2
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40x(b+d)

slots

400x(b+d)

blackjack

400x(b+d)

baccarat

400x(b+d)

poker

200x(b+d)

roulette

400x(b+d)

video poker

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18 Spins

30x(b+d)

min WR

3.7
T&C apply. 18+. Bonus comes with a 30x playthrough requirement, $50 max cashout limit and can be redeemed once per day if you have made a deposit in last 7 days. Minimum Deposit: $20.

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30x(b+d)

slots

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42 Spins

40xb

min WR

4.1
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40xb

slots

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250 % + 100 Spins

30x(b+d)

min WR

3.7
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30x(b+d)

slots

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$ 35

53xb

min WR

3.6
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353xb

blackjack

353xb

baccarat

353xb

poker

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craps

353xb

roulette

353xb

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50 Spins

40xb

min WR

3.3
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40xb

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50 Spins

40xb

min WR

3.6
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40xb

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50 Spins

40xb

min WR

3.7
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40xb

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50 Spins

40xb

min WR

3.6
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40xb

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50 Spins

40xb

min WR

4
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300% up to

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35x(b+d)

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3.6
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35x(b+d)

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700x(b+d)

blackjack

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350x(b+d)

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700x(b+d)

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700x(b+d)

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700x(b+d)

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$ 30

53xb

min WR

3.9
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53xb

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353xb

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353xb

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353xb

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353xb

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353xb

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353xb

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353xb

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$ 30

53xb

min WR

3.7
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53xb

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blackjack

353xb

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353xb

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353xb

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353xb

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353xb

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$ 30

53xb

min WR

3.6
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53xb

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353xb

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353xb

baccarat

353xb

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353xb

craps

353xb

sicbo

353xb

roulette

353xb

american roulette

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$ 200

50xb

min WR

3
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50xb

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200% up to

$ 200 + 50 Spins

80xb

min WR

2.9
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80xb

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200% up to

$ 100

25x(b+d)

min WR

4.2
T&C’s Apply. 18+. A minimum deposit: $20. Deposits made via Matchpay, Player Transfer, and Vouchers are not eligible for this Bonus.  Get An extra $25 when they deposit using crypto.

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250x(b+d)

slots

250x(b+d)

blackjack

25x(b+d)

sicbo

500x(b+d)

roulette

500x(b+d)

american roulette

250x(b+d)

classic blackjack

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77 % + 77 Spins

30x(b+d)

min WR

4.1
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Wagering Requirements

30x(b+d)

slots

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75 Spins

75xb

min WR

2.9
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75xb

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75xb

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75xb

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75xb

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75xb

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100 Spins

100xb

min WR

3.1
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100xb

slots

100xb

blackjack

100xb

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100xb

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100xb

american roulette

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100 Spins

100xb

min WR

3.3
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100xb

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100xb

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100xb

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100xb

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100xb

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100 Spins

100xb

min WR

2.7
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100xb

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100xb

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100xb

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100xb

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100xb

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20% up to

$ 2500

5x(b+d)

min WR

3.1
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5x(b+d)

slots

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20% up to

$ 500

8x(b+d)

min WR

3.1
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8x(b+d)

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25% up to

$ 500

10x(b+d)

min WR

3.1
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10x(b+d)

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Latest Forum Posts

Markotik
Markotik Lithuania 9 months ago
3

Hi lcb'ers, On this occasion our tester exploredRed Dog Casino, a member of the Top One Partners affiliate group. Let's see how this casino performed during this test - here are the highlights:...
Reviewing Deposit/Cash-Out process at Red Dog Casino

Markotik
Markotik Lithuania 10 months ago
2

Hey LCB'ers, This time the tested online hab was GoldenLadyCasino.Sadly, the tester's cashout request has been pending sinceMarch 21st 2022. Briefly: Tester of the casino: Bubbles12 Date of...
Reviewing Deposit/Cash-Out process at GoldenLady Casino

Markotik
Markotik Lithuania 11 months ago
2

Hi LCB'ers, This time we investigatedParimatchwin Casino. Our tester went through the usual procedure -signing up, depositing, playing, verifying and cashing out the winnings. Highlights: Tester of...
Reviewing Deposit/Cash-Out process at Parimatchwin Casino

Markotik
Markotik Lithuania 1 year ago
3

Hi LCB'ers, Our tester paid a visit to an online casinowas on the LCB warning list for almost ten years -BetUS Casino.The operator was placed on probation in October 2020, and finally removed from...
Reviewing Deposit/Cash-Out process at BetUS Casino

Brandon Mills
Brandon Mills United States 1 year ago
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Casino Brango and Casino Extreme pay within an hour for BTC. If you request in Litecoin it's immediate. Club world Family of casinos has paid me in 48 hrs multiple times. 2 where large cashouts of...
Please Post Fastest Payout Casinos for U.S. Players..........

Markotik
Markotik Lithuania 1 year ago
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Hey LCB'ers, Our tester,R0UNDER, has recently visited and tested Betsofacasino. He shared his complete experience that youcan read abou in the report here:...
Reviewing Deposit/Cash-Out process at Betsofa Casino

Anchi
Anchi Serbia 3 years ago
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Angel Charm
Angel Charm United States 4 years ago
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I was informed today via chat that USA account holders are no longer allowed to use VISA/Mastercards to load funds. Also, in a previous chat when asked in particular regarding casino...
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BetChain
BetChain 5 years ago
9

Hi, I agree with Nina and Sylvanna and would also like to add Bitpay to the list of recommended bitcoin processors. Feel free to contact me directly with any bitcoin questions at brian@betchain.com....
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