Casinos with Litecoin Withdrawal Method in United States

History of Litecoin

This currency started life in 2011 when computer scientist Charlie Lee created a code for an alternative to Bitcoin. Lee’s goal was to make it more efficient and better suited to smaller transactions. Two years later, he launched the Litecoin network.

There are a few significant differences between Litecoin and Bitcoin. The first one is easier to mine, and miners can use regular consumer-grade hardware without the necessity to use specialized equipment, like in the case of Bitcoin. Besides, LTC has a higher transaction speed. Also, LTC’s market cap is much smaller than that of BTC.

In November 2013, LTC’s value doubled in just 24 hours. However, it has also been part of a couple of altcoin crashes. Generally, LTC has always been one of the top altcoins.

Withdrawing from Online Casinos with LTC

To make a Litecoin payout from an online casino, you should possess an online wallet for storing this cryptocurrency. Here is a quick guide on how to withdraw LTC from a gambling site:

1. Log into your casino account, visit the casino’s Banking page and choose “Withdrawals.”
2. Select “Litecoin” from the available options. You will probably find it in the “Cryptocurrencies” section.
3. Indicate the amount you want to withdraw, provide your public wallet number, and confirm the transaction.
4. Wait for the funds to reach your wallet. Depending on the casino, the processing time for such requests may take between a few minutes and a few days.

Pros and Cons of LTC Casino Withdrawals

Here are the main benefits and drawbacks of using Litecoin for online casino withdrawals.

Pros:

• Quick transactions
• Low fees
• High security level

Cons:

• Not all casinos accept this method
• Some casinos that accept LTC are not properly licensed
• Loss of LTC’s value is possible