Legal Litecoin Gambling In The USA

WHAT IS LITECOIN GAMBLING?

Litecoin gambling is using the popular cryptocurrency to fund an online gambling account. Users can choose the USD amount of Litecoin they would like to send to their bankroll. Litecoin and other digital currencies are often used to fund online casinos, sportsbooks, and poker sites.

In the table above, our team has put together a list of the best online gambling sites that accept Litecoin. While there are some others, these sites are what our team feels are the best options for USA players based on their security features, legal standing, and entertainment options.

In the volatile cryptocurrency world, Litecoin operates like other currencies except without the regulation of a federal reserve. Litecoins have a fixed value set at 84 million coins that can be bought, sold, traded, or mined. The blockchain brings trust to the peer-to-peer network and keeps public records of transactions. Our similar guides to Dash, Bitcoin, and Ethereum will explain how you can use those digital currencies to fund an online gambling account.

Litecoin is sold at online coin exchanges where you can purchase crypto at its current value. Below we have included a link to one of our favorite exchanges that will allow users to purchase Litecoin.

• Cex-io

Litecoin was created to rival Bitcoin and since its launch has become known as the first altcoin. The major difference between the two is the value of each coin. Bitcoin reached a value of $19,783 (USD) in December of 2017, and the highest value of a Litecoin has only reached $255 (USD). Other than value, there are some other key differences, including the total number of coins, transaction time, and cryptographic algorithms.

Players looking to get started using Litecoin to fund an online gambling account can easily navigate to the banking/cashiers page to get started. Once you are on the deposit page, you can select the payment option you would like to use, in this case, Litecoin. You will then receive a payment address to send over the amount of Litecoin you wish.

Litecoin transactions take about 2.5 minutes on average; once the payment has been processed and recorded, you can check your bankroll to see the funds.

Yes. Litecoin uses a blockchain technology like Bitcoin, where users can assure their transactions are verified and public. Many account holders find that using crypto is safer than other traditional methods because users that fund their online gambling accounts with Litecoin don’t have to send personal information over the internet or through the mail.

You will find the option to fund or withdraw Litecoin on the cashiers/banking page. Select the option you like, then hit the Litecoin link to send or receive Litecoin. It is really easy and the sites we listed in the table above have simple steps to follow along with to assure you make no mistakes.

To convert Litecoin into USD cash, you will need to sell your Litecoin back to a coin exchange. The value of Litecoin fluctuates based on the world value of the coin. Below we have listed two of our favorite coin exchange where you can convert Litecoin back into USD.

• Coincodex

Crypto users often report several advantages of using digital currency online. These advantages range from faster transaction times to keeping personal information offline. You can also find great bonus offers for Litecoin users.

Yes, as long as the casino you are playing at is licensed and regulated, the games are fair. We only suggest licensed casinos that hold current compliance records stating that a third-party gaming commission has tested their games. To us, a license is one of the most important factors relative to their reputation.