Litecoin has become the second most popular digital currency amongst gambling players. Choose the best crypto gambling site and exploit all the benefits of depositing with Litecoin.
About Litecoin (LTC)
Litecoin or LTC is a peer-to-peer cryptocurrency which was invented in 2011. Like all the other crypto currencies, Litecoin is not issued by the government. It processes a block every 2.5 minutes, as opposed to Bitcoin’s 10-minute process, and can handle more transactions. It is listed in the top 5 cryptocurrencies used for payments.
Using Litecoin for Gambling
Litecoin is very popular among gamblers. Your personal data is not collected, making the gambling experience completely anonymous. Another great thing about Litecoin is that it gets you faster transactions. LTC has now become the second most popular accepted cryptocurrency and is very famous among gambling sites. Some of the gambling sites that have games for LTC users are FortuneJack, mBit, BetChain, CryptoGames, BitStarz and BitcoinPenguin. When players use Litecoin for their transactions, they expect the bonuses and promotions offered by the gambling sites are worth depositing for. Litecoin is also very popular when it comes to sports betting, with the break time of 2.5 minutes, making it 4 times faster than Bitcoin. Litecoin allows a constant currency flow that is not affected by the amount of people that are mining.
Litecoin exchanges and wallets
You need ewallets and converters in order to exchange one currency into another. There are a number of ewallets that you can use to store your LTC currency. As with every cryptocurrency, you can leave your funds in an exchange although it is much preferable to store your crypto in a wallet.
The most common way to acquire Litecoins is via a Litecoin Exchange. These are online platforms where you can deposit in FIAT and then buy or sell in crypto. Once you have completed your transaction, you can then send the Litecoins to your personal wallet.
Depositing in Litecoin
The last step is to deposit the amount of Litecoins that you want into the crypto gambling site that you have chosen. The amount of LTCs deposited is up to you. Most gambling sites have a QR code that you can scan with your phone. Enter the amount that you want to transfer from your wallet, and then you can send it. You will then see your LTCs appear in your online casino account in a seconds or minutes. Remember to send your LTCs from the exchange to your wallet, and then to the online gambling. Once the Litecoins arrive at your gambling site account, you are good to go!
Where can I play with Litecoins?
Most if not every single crypto gambling site will accept Litecoins as we are talking about one of the most popular digital currencies out there. See listed below a number of gambling sites that bestcryptogamblingsites.com have reviewed and accept Litecoin as a depositing method.
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