Litecoin is one of the most popular cryptocurrencies available today. This article provides answers to the 10 most frequently asked questions (FAQ) about Litecoin Casinos.
Have a burning question about Litecoin Casinos? Scroll down this FAQ to find your answer…
Litecoin (LTC) was founded in 2011 by Charlie Lee. And, today, is one of the most reliable and appreciated cryptocurrencies. LTC is considered as cryptos silver, while Bitcoin is its gold.
It has stably been one of the top 10 coins on the market for a long time. In part, because of its main feature – fast transactions. The LTC system also has the possibility for the highest number of daily transactions of any cryptocurrency.
Getting a Litecoin wallet, and starting to send or receive LTC is easy because you do not have to provide personal information like you would to a open a bank account.
Follow these simple steps to open an LTC account:
– the first thing you need to do to get your official Litecoin wallet is to visit Litecoins official site or use a trusted third party wallet provider such as Binance on your favourite device (mobile, PC, etc).
– Create a private Litecoin wallet and make sure to keep your password safe in a private place.
– Start sending and receiving LTC using your wallet address. For example to and you’re your crypto casino such as Coinsaga.
Cryptocurrency exchange sites such as Binance and Coinbase provide further information and assistance to people wishing to create a Litecoin wallet if you need help.
Once you have a LTC wallet, all you have to do now is open an account at Litecoin Casino of your choice. To set up an account at Litecoin casino, you will need to follow the steps below:
– Choose a Litecoin casino. For example, Coinsaga.
– Click on the Sign-up tab (on mobile devices you will usually find it in the footer next to login tab). Enter your username, email address and a strong password.
– The final step is to verify your email address. At Coinsaga we will send an email to your address, all you will need to do is open this email and click on the link to confirm your email address. Once this is done, you have an account at a Litecoin casino!
One of the most frequently asked questions about Litecoin casinos is, how can I deposit LTC at the online casino I have selected? The procedure is pretty simple:
– Go to the casino page, login and click on DEPOSIT tab
– Select the amount of LTC you wish to deposit
– Copy the LTC wallet address
– Go to your personal LTC wallet or the one on provided to you by a third party site
– Copy the casino LTC address and confirm the transaction (maximum timeframe 15 minutes)
Remember that cryptocurrency transactions are not refundable. So please double check your casino LTC wallet address before confirming the transaction.
You can expect the same bonuses and promotions that are offered at other crypto casinos.
Welcome bonuses are very commonly used to attract new players, while there are other kinds of bonuses, such as reload bonuses to retain and reward current customers.
The majority of these bonuses require Litecoin deposits.
You will find casinos offer lots of LTC promotions, thanks to the lower costs associated with crypto. But remember to always check the terms and conditions of each casino bonus.
Litecoin has specific features which makes it a great payment option, especially for online gaming when it comes to withdrawals and deposits.
Litecoin offers the highest speeds and lowest transaction fees around, together with a top level or privacy and security.
– Speed: Transaction times for LTC are probably the fastest in the cryptocurrency world. Deposits and withdrawals take maximum two/three minutes instead of two/three days with a conventional bank account.
– Anonymity: The other main benefit is the level of privacy. LTC wallets are not linked to any personal information. This means that all transfer with LTC are anonymous.
– Fees: Litecoin transactions have very low fees, and users love this!
Litecoin also some disadvantages to consider, just like all other cryptocurrencies:
– Complexity of use: Managing crypto assets is a bit complex for beginners, compared to traditional bank account transfers. The procedure needs special attention, especially the first few times.
– Non-refundable: Blockchain offers a decentralized technology solution, with no bank controls, limits, or confirmation on your transactions. So, if by mistake you send LTC to a different address, there’s no way to get a refunded or to recover the money.
Another Litecoin casino faq is related to the level of fees at LTC casinos. Generally, casinos charge a set fee according to the payment method you choose. Litecoin is different, because it is a decentralized network, and casinos do not need to make a make profit from these transactions. This means that the very low fees charged for LTC can be put into bonuses and rewards for players.
If you use a wallet from crypto exchange site, please check to see if they apply any additional fees.
Forget the long wait of two/three or four days for a withdrawal. The process to withdraw LTC from your casino wallet takes just two/three minutes!
– Go to the withdrawal page of your crypto casino
– Select a withdrawal with LTC
– Paste your private LTC wallet address and confirm the transaction
As stated above, double-check the transactions because there is no way to get a refunded if you make a mistake.
Security is the main feature of all the popular cryptocurrencies, including Litecoin. Crypto transactions are highly secure. All you have to do is keep your password in a safe place.
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