When Litecoin first appeared on the cryptocurrency market, it was just a lighter version of Bitcoin, however, in last few years, the value of LTC elevated and reached amazing heights thanks to its faster transfers and less demanding technical requirements for mining. Soon enough, this version of digital money became a regular payment option and a lucrative investment opportunity. As it was with Bitcoin, online cryptocurrency casinos took the chance to implement a Litecoin gambling option for their players.
Is Litecoin Gambling Popular?
The popularity of Litecoin as a gambling asset is unquestionable, mostly thanks to the high rating of the cryptocurrency itself and its rising trade volume. Statistics show that comparing the value of Litecoin to its counterparts, the amount of LTC people wager online is growing. There is a number of only cryptocurrency-based casinos that allow you to deposit, gamble, and withdraw Litecoin like FortuneJack and other reputable platforms. However, it’s important to note that some platforms will let you deposit Litecoin but you’d have to convert to fiat currency or Bitcoin, which is why you should always check whether the venue you choose allows you to place bets using LTC.
Why Gamble with LTC?
The first, and arguably the most important reason why Litecoin is a good online gambling choice is the anonymity aspect. You don’t have to provide any credit card information or any personal data in order to play. Furthermore, LTC is popular for its fast transactions, which means the funds you pull from the deposit back into your wallet get there much faster than with any other alternative.
In addition, LTC is a currency that maintains a
rising value trend in the last couple of years. Winning a few Litecoins today could potentially bring you a substantial profit in the future.
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