Litecoin (LTC or Ł) is increasingly accepted across a number of gambling sites. It was one of the earliest cryptocurrencies to be on the market, which is a reason why it is accepted fairly widely. Betting with Litecoin comes with many advantages. For example, Litecoin does not have a central regulating authority, which tends to mean lower or non-existent transaction fees. We will talk below about how to get your crypto-wallet up and running so you can use this deposit method with ease.
- Increase Anonymity
- Lower Transaction Fees
There are a few steps to get started with Litecoin Betting. Litecoin is a cryptocurrency and was founded in 2011. This means that it is managed by an open-source blockchain with a limited number of coins.
First, you go to an exchange. A few that are trusted are Coinbase, Poloniex, or Kraken. You can store your cryptocurrencies here, directly in the stage. If you want another, more secure place to store them, you can get a crypto wallet.
A few wallets that are safe are Atomic, Bread, Mycelium, and Exodus. Any of these will be great for buying and storing your Litecoins and then using them for betting.
What Is Litecoin?
Litecoin is just another of the major cryptocurrencies and certainly one of the founding fathers of the industry, as it’s one of the most widely recognized coins around. Litecoin is much like Bitcoin, Bitcoin Cash, Ethereum, and Ripple, offering customers the chance to pay using decentralized currency to fulfil their betting desires.
With minimal transaction fees, Litecoin offers a great way to for customers to pay money in and out of their betting account.
Why Use Litecoin for Betting
Litecoins present many benefits for gambling. Like all cryptocurrencies, Litecoin is anonymous and has extra steps of security that protect your bank information. They also tend to be much faster. Transactions can take hours, rather than days.
You can also earn more money. The transaction fees tend to be lower than with credit cards. With many sites offering cryptocurrency-specific bonuses, you can really win big with Litecoin.