12 Best Litecoin Gambling Websites in 2022 [Hand-Picked]

litecoin gambling

Litecoin is one of the oldest cryptocurrencies in existence and is often considered a spiritual younger sibling of Bitcoin.

So, chances are, if you’ve been in the crypto space for any amount of time you’ve probably heard of it. You might even be holding some!

But did you know you can use your Litecoin to gamble? Online gambling isn’t new, but bookies have now started allowing punters to use crypto to place wagers, making the entire experience faster, safer, and more lucrative!

In this article, we’ll look at:

  • 12 Best Litecoin Gambling Websites in 2022
  • 10 Things to Consider When Picking a Litecoin Gambling Website
  • The 6 Best Litecoin Betting Games
  • How to Get Started with Litecoin Gambling Sites

So, let’s dive in!

12 Best Litecoin Gambling Websites in 2022

1.

n1bet logo white

N1Bet

9.76

✅ Generous welcome bonus

✅ Wide range of accepted cryptocurrencies

✅ Sports and live betting options

BONUS

Up to €400 + 200 Free Spins

2.

7 bit casino logo

7Bit

9.52

✅ 5000+ exclusive BTC Games

✅ Retro casino aesthetic

✅ Robust VIP program

BONUS

1.5 BTC on first deposit,
1.25 BTC on second + third deposits

3.

BitCasino.io Logo

BitCasino.io

9.52

✅ 2 minute withdrawal time

✅ Huge selection of quality games

BONUS

Free spins, chips , & automatic cash rewards

4.

red dog logo

Red Dog

9.52

✅ Well-designed website + mobile app

✅High-quality RTG games

✅24/7 bonus promotion

BONUS

225% bonus + extra 20% for BTC deposits

5.

bitstarz logo

BitStarz

9.52

✅ 3000+ exclusive BTC games section
✅ Excellent mobile gaming app

BONUS

5 BTC or €/$500 + 205 Free Spins

6.

intertops logo

Intertops

9.52

✅ Exclusive mobile rewards

✅ New game promotions

BONUS

125% up to $1000

7.

betonline logo

BetOnline

9.52

✅ Sports and esports betting with high odds

✅ Variety of bonuses up to $3000

BONUS

Up to $1000

2.

7 bit casino logo

7Bit

9.76

  • Generous welcome bonus
  • Wide range of accepted cryptocurrencies
  • Sports and live betting options

BONUS

Up to €400 + 200 Free Spins

1.

n1bet logo white

N1Bet Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to €400 + 200 Free Spins

n1bet homepage

Cryptocurrencies: Bitcoin, Litecoin, Tether, Dogecoin, Ethereum

Safety: N1Bet is very dedicated to your data protection. They use 128bit SSL encryption with an additional PGP protocol for extra security. Players are also given the option to add an extra security measure by activating the two-factor authentication (2FA) to protect their accounts.

Reputation: N1Bet is licensed and regulated by the Curacao eGaming Authority and has an excellent track record of customer satisfaction and safety. Their dedicated customer support team provides 24/7 support.

Games: Another reason why N1Bet is one of the best crypto gambling sites is its innovative bookmaking. Players have a wide range of sports, esports, and live betting options to choose from, as well as over 2500 casino games. You can enjoy modern slot games such as Mega Moolah or Atlantic Megaways, provided by some of the best developers in the industry such as Microgaming or NetEnt.

Bonuses: N1Bet offers a welcome package of up to €400 that can be withdrawn immediately after winning a bet (no need to wager the bonus) + 200 Free Spins.


2.

7 bit casino logo

7Bit Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to €400 + 200 Free Spins

7 bit casino

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum

Safety: 7Bit provides 128-bit encryption to secure their site and protect your personal data and transactions.

Reputation: 7Bit has been around since 2014 and has garnered a cult following of dedicated customers due to their nostalgic retro vibe and consistent quality. They are also fully licensed and regulated by the authorities of Curacao.

Games: This one really stands out from the crowd just with the sheer size of their game library. 7Bit offers a vast and exclusive selection of over 5000 Bitcoin games, including slots, poker, blackjack, and roulette.

Bonuses: 7Bit gives players a 1.5 BTC bonus on their first deposit, 1.25 BTC on the second and third deposits, and 1 BTC on the fourth. They also provide a generous 200 free spins.


3.

BitCasino.io Logo

Bitcasino.io Casino

9.76

ACCEPTED CRYPTO

BONUS

Free spins, chips , & automatic cash rewards

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Tether, Ripple, Tron, Ada, Doge

Safety: Bitcasino is a fully audited online casino that goes to great lengths to protect its customers. Their site is secured with SSL encryption and you can add an extra protection layer to your account through two-factor authentication.

Reputation: Bitcasino is licensed and regulated by the authorities of Curacao and has a solid reputation to uphold. They care a great deal about customer satisfaction by providing excellent customer support and a record 2 minute withdrawal waiting period.

Games: Bitcasino has an amazing range of games, with over 2300 to choose from! From jackpot slots, roulette, blackjack, baccarat, video poker, or video Bingo, they have it all.

Bonuses: Though Bitcasino does not offer any welcome bonus, they do have a lucrative loyalty program that awards regular players with free spins, chips, and cash rewards.


4.

red dog logo

Red Dog Casino

9.76

ACCEPTED CRYPTO

BONUS

225% bonus + extra 20% for BTC deposits

red dog casino homepage

Cryptocurrencies: Ethereum, Bitcoin

Safety: Red Dog is very serious when it comes to protecting its customers. It secures its website using cutting-edge 256-Bit SSL encryption, premium antivirus suites, and advanced fraud-prevention systems.

Reputation: Red dog is licensed by Curacao – ArbathSolutions and is dedicated to customer satisfaction, with a 24/7 customer support service available to all players.

Games: Red Dog provides over 200 top-notch casino games developed by some of the most well-respected providers, such as RealTime Gaming and Visionary iGaming.

Bonuses: Red Dog stands out with its truly generous promotions section. It offers a
225% welcome bonus (with an extra 20% for BTC and Neosurf deposits) that can be redeemed up to 5 times!


5.

bitstarz logo

BitStarz Casino

9.76

ACCEPTED CRYPTO

BONUS

5 BTC or €/$500 + 205 Free Spins

bitstarz casino homepage

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Tether

Safety: Bitstarz spares no expenses when it comes to safety. They employ the very best encryption technology to protect their customers’ data. For an added layer of security, you can use two-factor authentication on your account.

Reputation: Reputation is everything to Bitstarz Casino. They have won many awards from the world’s leading Bitcoin gambling authorities and are dedicated to keeping their customers satisfied. Like many of the best crypto gambling sites, they are also certified and regulated by the authorities in Curacao.

Games: Bitstarz is also very serious about customer satisfaction when it comes to its games. They employ over two dozen software developers to bring you over 3,000 Bitcoin games, including slots, table games, and live casino games.

Bonuses: Their welcome bonus is up 5 BTCs or €/$500, as well as up to 205 free spins.


6.

intertops logo

Intertops Casino

9.76

ACCEPTED CRYPTO

BONUS

125% up to $100

Cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin

Safety: Your personal data and banking information is secured at Intertops with SSL encryption.

Reputation: Licensed by the Kahnawake Gaming Commission, Intertops has one of the longest histories in the online casino business, dating all the way back to 1996. You can say they’ve been around the block and know all the ins and outs of the gambling world. They are dedicated to keeping their customers coming back with their excellent 24/7 customer support live chat.

Games: They provide a wide range of slots, as well as several solid tabletop games such as roulette, blackjack, and poker. These games are developed by software providers such as WGS Technology and Realtime Gaming.

Bonuses: Intertops offers a generous welcome discount of 125% that goes up to $1000 on your first deposit, along with several other rewards for loyal customers. They provide a special mobile reward every week worth up to $100, as well as a new game almost every week with its respective bonuses.


7.

betonline logo

BetOnline Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to $1000

betonline casino homepage

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar

Safety: BetOnline uses SSL encryption to protect player information and ensure secure transactions.

Reputation: This is also one of the oldest online casinos on our list that has been operating since 1991. Licensed and regulated by the gaming commission in Panama City, BetOnline has proven to be a reliable and trusted online casino throughout its many years in the industry.

Games: BetOnline is mainly focused on betting on some of the most popular sports, such as basketball, football, MMA, and even esports. However, it also provides some slots table games, live games, and even scratch-off and Bingo.

Bonuses: BetOnline offers a welcome bonus of up to $1000.


8.

Slots-Empire logo

Slots Empire Casino

9.76

ACCEPTED CRYPTO

BONUS

100% deposit match bonus for a $30 BTC deposit

slots empire casino homepage

Cryptocurrencies: Bitcoin, Ethereum

Safety: Slots Empire uses SSL encryption to secure customer data and transactions.

Reputation: Slots Empire is licensed by the Government of Curacao and has a solid history of customer satisfaction. They provide a dedicated customer support team that can be reached 24/7 via live chat as well as hotlines.

Games: Though Slots Empire doesn’t have the biggest games library, they do offer some quality slots, table games, and live casino games developed by RTG games and Visionary iGaming. As an added perk, you can even try any of these games for free using their demo mode.

Bonuses: This casino offers a bonus like no other. You get a redemption-free, limitless code that gives you a 100% deposit match bonus for a $30 BTC deposit, 120% for up to $75 BTC, or 150% for up to $150 BTC


9.

ignition casino logo

Ignition Casino

9.76

ACCEPTED CRYPTO

BONUS

Bitcoin welcome bonus of 150% up to $3000

ignition casino homepage

Cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin

Safety: Ignition’s connection is secured using an SSL-encrypted connection, keeping your personal data and transactions protected.

Reputation: Though Ignition does not have an official license, it has been around for a while with no major customer complaints registered. They also work with some of the most well-known gaming companies in the industry.

Games: Ignition has a library of over 300 casino games and offers a $2 million weekly poker prize pool.

Bonuses: Ignition has a unique Bitcoin welcome bonus of 150% up to $3000.


10.

mBit Casino logo

mBit Casino

9.76

ACCEPTED CRYPTO

BONUS

Bonus of 110% up to 1 BTC.

mBit Casino Homepage

Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Tether, Litecoin

Safety: Your personal information and transactions are secured with Encryption.

Reputation: Licensed by the authorities of Curacao, mBit has been around since 2014, providing quality gaming and excellent customer satisfaction.

Games: There are many games to play at mBit, including bitcoin slots, roulette, baccarat, blackjack, live games, and even the lottery. You can also take part in their Bitcoin casino tournaments with no wagering requirements.

Bonuses: They provide a welcome bonus of 110% up to 1 BTC.


11.

cloudbet casino logo

CloudBet Casino

9.76

ACCEPTED CRYPTO

BONUS

100% up to 5 BTC/BCH/ETH welcome bonus.

Cryptocurrencies: Bitcoin, Ethereum, Dogecoin, Tether, Bitcoin Cash, USD Coin, Paxos Standard, PAX Gold, Chainlink, Dai, and more.

Safety: CloudBet uses the latest SSL encryption technology to protect your data and secure your transactions.

Reputation: Operating since 2013, CloudBet is licensed and regulated by the authorities of Curacao. It is a fully audited site that is guaranteed to be fair to its customers.

Games: Although Cloudbet Casino is more focused on sports betting, they do boast some fantastic live table games as well.

Bonuses: They offer a 100% up to 5 BTC/BCH/ETH/PAXG welcome bonus.


12.

stake casino logo

Stake Casino

9.76

ACCEPTED CRYPTO

BONUS

15% lifetime Rakeback

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, Tron, EOS, and more

Safety: You can protect your Stake account using two-factor authentication.

Reputation: Licensed by the Curacao eGaming Authority, Stake has a history of excellent customer satisfaction. It is also a verified member of the Crypto Gambling Foundation, which guarantees that all its games are provably fair.

Games: They offer a pretty vast selection of 1,021 games, including 16 that are developed exclusively for Stake.com. But perhaps the most enticing feature is their incredibly high Return To Player percentage, which reaches 99% for some games.

Bonuses: Stake doesn’t provide any welcome bonuses at the moment, though you can receive a 15% lifetime Rakeback. It’s available with a special promo code that users apply when signing up.

10 Things to Consider When Picking a Litecoin Gambling Website

Now, if you’re looking to jump on a Litecoin gambling site right away, you could just dive right into one of the Litecoin betting sites on our list, safe in the knowledge that we’ve done our research!

That said, doing your own due diligence is always a good idea, as your individual requirements might make some sites a lot better than others.

So, let’s take a look at some of the things you should keep in mind when you’re scouring the web for the best Litecoin betting site out there:

#1. Restricted Countries

Geo-restrictions are our first port of call because if a Litecoin gambling site doesn’t operate in your area, you can move right on to the next on your list.

Licensing is one reason that Litecoin casinos implement geographical restrictions. Acquiring and observing the requirements of lots of licenses issued by various regulators can be a lot of work, so they might pick certain regions and licenses to focus on.

This, however, doesn’t mean you can’t gamble with Litecoin – only that if one of the best Litecoin gambling sites doesn’t operate in your area, some of the others on the list will!

#2. Reputation and Trust

Reputation is one of the biggest considerations in our book. It takes time and a history of stability, security and top service to build a great reputation, so it’s a fantastic sign of a safe site to use.

A few minutes spent looking up user reviews on platforms like Reddit or simply Googling the Litecoin gambling site should give you a pretty good idea of what people are saying about them.

Remember, you’re going to be depositing your funds at the site. It’s good to know that your Litecoin is going to be handled by a trusted, reputable one!

#3. Provably Fair

In addition to unfavourable odds, something that a lot of people have misgivings about when it comes to casinos is whether the game is rigged. This could be either via a little bit of sleight-of-hand from a dealer or malicious code on an online gambling site.

Well, blockchain technology and cryptocurrency have changed all that! Provably Fair technology is a software algorithm that provides you with a seed number before you play that you can compare to another seed generated after the game is finished in order to ensure that everything was above board.

This is great for both you and the Litecoin gambling site; you can verify that the results were fair and the casino is assured that there haven’t been any hacks deployed by you or any third party.

#4. Payout and Withdraw Speeds & Terms

One of the most infuriating things about online gambling is scoring a big win but having to wait days for your funds to settle after you initiate a withdrawal.

Worse yet, banks somehow always seem to know the worst times to put transactions on hold and do a lot of prying before they finally release your cash.

Again, cryptocurrency solves these problems! When you transact in Litecoin, there are no third parties involved – you make deposits directly with the Litecoin betting site and withdrawals are sent directly to your Litecoin wallet.

Best of all, Litecoin puts the legacy financial system to shame when it comes to speed. While an electronic fund transfer can take days to settle, Litecoin transactions are confirmed in two and a half minutes!

Payout limits are also something to consider, as traditional gambling sites tend to only allow you to withdraw a significant amount of funds. Litecoin betting sites tend to lower that floor, but make sure the site’s payout policy matches your wants!

#5. Games available

We’ll go into detail about some of the top games you can expect to find on Litecoin gambling sites later in this article, but one thing is for sure – the best sites will definitely offer you a great variety.

You might even find that the best Litecoin betting sites take a step further and offer you more to bet on than just games. Sportsbooks and esports are also very popular, and a site that gives you more options is actively investing in your entertainment!

#6. VIP programs and Bonuses

While all of the different bonus options might intimidate newer punters, bonuses are a great way to multiply your winnings!

Try and keep an eye open for a bonus scheme that matches your style of play. If you’re going to deposit one lump sum and hope to play on with your winnings, look for a good deposit bonus. Whereas if you’re going to deposit smaller amounts regularly, reload bonuses are your friend.

If you’re going to be playing with significant stakes, watch out for sites that offer the best VIP programs. These may not interest the average punter (at first) but they’ll give you even bigger bonuses, exclusive events, improved winnings and lots more!

#7. Privacy

Cryptocurrency was invented with the grand dream of anonymous payments, and Litecoin gambling sites may appear on various points of the privacy spectrum.

You may be able to find sites that are happy to offer you complete anonymity, and all you need to do is connect to these with your wallet.

Some, meanwhile, will need to follow certain KYC (Know Your Customer) protocols, which means that you’ll have to provide them with a certain amount of personal information and/or identification in order to avail yourself of their services.

The difference here may come down to what licenses they hold, and what sort of standards they have to uphold in order to retain them.

#8. Security

While licensing can mean that facets like privacy have to be compromised, they do come with certain upsides. Keeping you safe and your gambling experience secure are just two of them and we think that’s positive!

If a Litecoin gambling site holds a particular license from a regulator, they have to keep their services at a certain standard, which largely is aimed at keeping you, the customer, as protected as possible!

Security certificates are another area to look at. Make sure to check what sort of certificates and encryption sites are using to be sure that you’re in no danger when you connect your wallet!

#9. Customer Service

Customer service is low on our list here because, unlike most other industries, their power may be limited when it comes to crypto gambling.

You can definitely expect the customer service team of one of the best Litecoin gambling sites to give you as much help as they can and resolve any issues to your satisfaction if the site is at fault.

However, if you make a mistake entering your wallet key or any sort of transaction details, customer service won’t be able to help you. Once confirmed, a blockchain transaction simply cannot be changed.

#10. Legality

Unlike the above considerations, this isn’t something you need to look at on a site-by-site basis, but it is important if you want to gamble with Litecoin.

Online gambling has been around for a while and is legal in most countries, but if you’re in any doubt at all about your area, you ought to check.

If online gambling is legal, crypto may not be. Governments nowadays keep changing their mind about what crypto is and how legal it is, so keep an eye on developments.

If crypto and online gambling are both legal, you should be good to go as long as you’re of the minimum legal age for gambling in your state or country!

How We Rated The Litecoin Gambling Sites

Looking into all of those considerations might sound like a Herculean task, but luckily we’ve done plenty of that work for you!

These are the different things we took into account when we evaluated the best Litecoin casinos on our list:

  • Reputation: How good the site is considered to be by its users, as per online reviews, testimonies, and forums.
  • Trust: How much trust the site enjoys and whether high rollers are happy to place large wagers and make big deposits.
  • Customer Service: How fast and responsive the site’s customer service is when there’s a problem and how good they are at resolving issues.
  • Security: The Litecoin casino’s security is one of the most important factors we’ve considered in our rating, including whether they’ve had any breaches in the past and how they’ve handled them.
  • Licenses: Sites with licenses from relevant gaming authorities were featured much higher in our rankings.
  • Promotions and Bonuses: Promotions and bonuses are two of the quickest ways for you to get immediate rewards on Litecoin betting sites, so we’ve looked for the best in the business.
  • Provably fair games: We’ve done our best to make sure the games offered by the sites are fair and not rigged in the slightest by checking whether the sites use Provably Fair technology.
  • Games available: Your entertainment is important, so we’ve made sure to account for a wide variety of gambling and gaming options offered by the sites on our list.
  • Cryptos available: We think it’s super beneficial when crypto betting sites offer you a good selection of cryptocurrencies to gamble with, just in case you want to ‘hold’ your Litecoin for the moment!
  • Payouts and Withdrawal: We consider easy payouts and fast withdrawals to be of utmost importance and have made sure to reflect that in our ratings.
  • Anonymity: We’ve factored in whether or not the site allows you to gamble anonymously, or what details (if any) they require for registration.
  • High Returns: Last but definitely not least, we’ve done our best to make sure the sites on our list reward you richly for playing!

6 Best Litecoin Games

There are a lot of great games you can play with your Litecoin. In this section, we’re going to take a look at some of the most popular games offered by the best Litecoin gambling sites!

#1. Litecoin Poker

Poker is one of the most popular card games on the planet, and often the first game one thinks of when it comes to a casino. Litecoin poker, therefore, is definitely a thing!

There are a lot of variants of poker and most of them involve forming a ‘hand’ of 5 cards that has a different value based on the combinations of cards within. Having two cards with the same number, such as two Kings, is a ‘Pair’ and is the lowest value combination. Meanwhile, the highest is called a ‘Royal Flush’, and is when you have cards Ten through Ace in the same suit, for example, the Ten of Spades, Jack of Spades, Queen of Spades, King of Spades and Ace of Spades.

Some variants of poker, such as the extremely popular ‘Texas Holdem,’ also feature multiple betting rounds and thus can be extremely interesting and ramp up to high stakes in a short time.

What’s more, you can often play Litecoin poker live against other players, or against the house in video poker!

#2. Litecoin Blackjack

Blackjack is one of the most popular casino games among card sharks and features a much faster pace than most poker variants.

In blackjack, you’re trying to reach a numerical total of 21 with your cards, where face cards are all valued at 10, aces can be either 1 or 11, and numbered cards take their own values. Cards are dealt one at a time, and you can choose at any time not to be dealt any more cards.

As such, if you’ve got a good nose for probabilities, blackjack might be for you! It’s a fast, fun game where you can multiply your winnings in a relatively short period of time.

#3. Litecoin Dice

Dice games have been around for entire millennia, and you had better believe you can play dice with Litecoin too!

Most dice games involve a six-sided die, and what game you’re playing will dictate what numbers you’re aiming to hit or what combination of dice you need to show.

Often, you’ll be guessing whether the number on your next roll is over or under a given number, with the payout depending on the probability of your choice. High risk, high reward!

#4. Litecoin Roulette

If you walk into any top casino, odds are the most excitement you’re going to find is at the roulette table! It might be less raucous when you’re on one of the best Litecoin gambling sites, but it’ll be no less fun.

Roulette is played on a numbered wheel, which is spun by the croupier. A ball also spun on the wheel, will end up on one of the red or black coloured pockets numbered 1-36. European roulette also has a pocket numbered zero and coloured green, while American roulette has two zeros.

You can place a bet on the ball ending in any of the numbered pockets, between the pockets, on their corners etc, which are called inside bets; or go for outside bets with better odds like low or high (1-18 or 19-36), red or black, even or odd, and so on. The house wins on zero!

Roulette is extremely fast-paced given the wide variety of odds the different bets carry, and you could multiply your Litecoin in minutes!

#5. Litecoin Lottery

Litecoin lotteries are yet another way to claim a big jackpot! Lotteries generally have a much lower chance of winning than other games on this list, but the best Litecoin betting sites will generally display your odds before you play.

In most Litecoin lotteries, you have to pick six numbers between 1 and 49 and can win big if you’re correct!

#6. Litecoin Slots

Slots are another casino classic where all you have to do is pull (or press, since it’s online) a lever and see what the reels show!

If you manage to get the right symbols in a row or in the required combinations, you can win big! Remember to keep an eye out for ways to earn free spins in order to maximize your payout!

How to Get Started with Litecoin Gambling Websites

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Litecoin Gambling Sites FAQ

#1. What’s the Best Litecoin Gambling Website?

Litecoin has been around for a long time and is one of the most popular cryptocurrencies out there, so there are naturally a lot of great Litecoin casinos for you to choose from. Our list at the top of this article has weighed a lot of important considerations and rated some of the very best, so that’s a good place to start!

However, your own personal preferences may mean that you consider certain factors a lot more important than the average punter!

As such, try and identify what’s most important to you, whether it be security, reputation, privacy or payouts, and stick with the Litecoin betting site that does that best.

#2. What’s Litecoin?

Litecoin is one of the earliest cryptocurrencies to be established all the way back in 2011, which is positively ancient in crypto terms and is actually a fork of Bitcoin’s codebase. This means that they share the same base code but have several key differences.

For example, Litecoin features a faster transaction time than Bitcoin, taking just two and a half minutes to settle. A lot of newer cryptocurrencies can validate transactions faster, but this is still lightning quick when compared with the legacy banking system!

Litecoin is also ‘cheaper’ than Bitcoin and less scarce, with a total cap of 84 million Litecoin, which amounts to four times that of Bitcoin. This means that it’s a lot harder to see Litecoin reaching the prices that Bitcoin has hit, making it perhaps a little easier to transact with psychologically!

#3. Is Litecoin a Legitimate Cryptocurrency?

It absolutely is. As mentioned above it’s one of the oldest cryptocurrencies in existence and has come to be known as ‘digital silver’ to Bitcoin’s ‘gold’ and Ethereum’s ‘oil’. It’s extremely widely used and is quick and easy to transact with, and can be found on every major cryptocurrency exchange.

Litecoin is maintained and constantly upgraded by the Litecoin Foundation, which is a non-profit entity headquartered in Singapore.

#4. Is Litecoin Anonymous?

Actually, Litecoin, like many other cryptocurrencies, is considered to be pseudonymous rather than anonymous. This means that while you transact with Litecoin only through your wallet and therefore are identifiable only by that wallet’s public key, the blockchain is public and all of your wallet’s transactions can be tracked and catalogued.

While this isn’t a concern for many, it does mean that coins originating from any sort of illicit or dark market activity are a valid reason for your wallet to be blacklisted by exchanges.

Even if you’re fine with simply being identified by your wallet’s public key, remember that the moment you link that key with your identity, such as on a social media account, anyone can view your transaction history with that wallet.

#5. Is Litecoin Safe to Use in Online Casinos?

It is! In fact, using Litecoin is far safer than traditional fiat currencies. The immutability of blockchain transactions means that nobody can change or tamper with a transaction once it’s been confirmed, and you can rest assured that there are no middlemen involved.

Just remember to double and triple-check all of the details you enter when setting up a transaction, as if you make a mistake here there’s no way to go back and correct or reverse it.

 

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