Litecoin Casinos

What is Litecoin?

Litecoin is one of the most reputable crypto coins that resemble BTC in several ways. It was introduced by Charlie Lee, who was already working on crypto and the blockchain. So, when he saw a golden opportunity of launching a new token, he didn’t delay. It was released on the open-source platform GitHub on October 7, 2011. Since the codes were released first, they came into existence five days later, on October 13, 2011. Once the coin was released, its demand skyrocketed and soon was counted amongst the top ten cryptocurrencies.

Due to the similarities of Litecoin with bitcoin, it was proven that the token was conceptualized based on BTC. But LTC is considered a light version with differences in the hash block, block timing of 2.5 minutes, and hard cap. According to a report published in 2021, around 66 million LTC are there in circulation, with a maximum supply of approximately 84 million. With such high demand, Litecoin is now accepted in many stores globally, and over 2000 merchants have already been trading using this token actively.

After the LTC genesis block was introduced into the crypto market, over five hundred thousand coins were mined, and luckily, Charlie Lee was one of the first miners. In May 2021, LTC hit the all-time high price of $386.45, making it one of the best crypto tokens to be invested in. To deal with the growing demands, Lee introduced the Litecoin organization, where the developers, miners, and other professionals from the entire team are behind the management of Litecoin blockchain, tokens, and other aspects of the crypto.

One of the best things about Litecoin is its versatility. The token is not just a similar version of bitcoin. Instead, it’s modern-day crypto that has solved several drawbacks of BTC like limited market cap valuation, the difficulty of mining, excess loads on the blockchain, and so on.

It’s easy to buy and available in huge quantities

One of the main reasons to get Litecoin for online gambling is the abundant coin supply in the market. The coins are available for everyone in huge quantities, which is why you won’t ever fall short of the tokens in your wallet or the market. Besides, you won’t have to worry about purchasing the coins since they are available in almost all online exchanges.

Circulation value is skyrocketing

Every day, more and more coins are being mined and released into circulation. Therefore, you won’t have to worry about the demand and negative supply chain suffering due to insufficient supply.

Gambling as an anonymous user is possible

Litecoin will allow you to play anonymously and hide all your information from other players or any outsider like other cryptocurrencies. Most casinos don’t even let the operators access your data.

Litecoin Quick Facts

Before moving further to discussing several other vital aspects of the Litecoin casinos, let’s have a glance at some of the most important facts about this wonderful cryptocurrency that has created a rage in the online casino market.

• Year founded: 2011
• Max supply: 84 million
• Launch price: $0.1
• All-time high: $386.45

Totems of Gold

This online Litecoin casino slot is based on Indian history, where the country was considered one of the wealthiest. The wild symbol is in the form of an ancient man with a feather crown sitting on his head, and a man with a gun depicts the scatter symbol pointed upward. If you change any of them, the line bet will vary in minimum and maximum value. There are five reels with three rows where the scatter symbol will be available in two stacks, thereby offering you higher wins. Once you land three bonus symbols, you will be asked to choose three totems randomly for revealing an instant prize.

Other Casino Games You Can Play With Litecoin?

With the help of the Litecoin crypto token, you will play a lot of games other than the slots. Some of these games are:

1. Live casinos like roulettes, Baccarat, poker, dice, and more.
2. Table games like European roulette, Russian roulette, American Blackjack, video pokers, and more.
3. It is possible to find an e-sportsbook where Litecoin will be allowed, like cricket, football, basketball, and more.
4. Instant games will include both slots and table games.

When choosing the online casino, make sure to go through all the available games on the platform to know what types of casino games you can play. There are different types of table games, live casinos, and other categories, which is why you will enjoy your time on the gambling platform.

Also, you must understand how these games have different payouts. If you haven’t played the table games before, it’s better to learn the rules and try with smaller wagers so that you don’t have to suffer from losses. Also, both table and jackpot games will offer you unique promotions, and you will be able to access different features based on the VIP club membership you have.

Litecoin Deposit and Withdrawal Fees

Litecoin deposit and withdrawal speeds are marvelous, and there is nothing to worry about it. Even though the actual speed differs from one casino to another, they are considerably faster than other cryptos. So, you won’t have to wait for a long time for the transactions to be completed. If a live game is in the queue and you want to participate in it, make the deposit ten minutes earlier so that you won’t have to deal with the incoming traffic.

Litecoin vs Ethereum

Litecoin is quite different from Ethereum, so you must be aware of these differences as an online gambler. First, LTC was launched into the market in 2011, four years after which Ethereum came into existence in 2015. Also, Ethereum is based on smart contracts, whereas Litecoin is based on peer-to-peer transactions.

New Litecoin Casinos

With the increasing popularity of Litecoin tokens in the online gambling industry, it’s evident that more new casinos will emerge. Besides, you can find the Litecoin currency integrated within hybrid casinos, while the anonymous platforms are only a handful. Therefore, we can hope that more new anonymous casinos will be released into the market in the upcoming times.