Litecoin remains a favorite method of deposit and withdrawal of our users and it is easy to see why.
One piece of feedback we are always asking our players is what new currencies should be accepted at Betcoin. Such was the case over 4 years ago when we became one of the first online casinos in history to accept Litecoin as a currency for our casino and sportsbook. Litecoin remains a favorite method of deposit and withdrawal of our users and it is easy to see why. Below we will explore the top five reasons to use Litecoin as to gamble.
1. Easy to Obtain
When someone makes his first venture into the crypto world, the first question is always the same: “How do I get some?” Litecoin is one of the easiest currencies to obtain, being available on almost every exchange worldwide. One of the 5 most popular cryptocurrencies, you can find Litecoin just about everywhere you can find Bitcoin. But unlike bitcoin, if you are on a budget you can still receive substantial quantities of Litecoin for your buck. Many new users to digital currency are put off by the fact that they can only afford tiny percentages of a Bitcoin, whereas the lower price of Litecoin allows them to more easily purchase an entire unit or more.
2. Faster Block Times and Lower Fees
Betcoin is happy to automatically credit all deposits as soon as 1 confirmation is received on the blockchain. The average block confirmation time for Bitcoin is 10 minutes, which can seem like forever when you are trying to get some gambling action. Litecoin transactions run around 4 times faster, with the average block confirmation being about 2.5 minutes. In addition, the fees for sending Litecoin are almost negligible, about €0.06 at the moment. Of course, the withdrawals are just as fast. The one thing gamblers hate the most is waiting to get paid and you never have to worry about that when using Litecoin withdrawals on Betcoin.ag!
3. Less Volatility than Other Currencies
The maximum market cap on Litecoin units is 4 times higher than Bitcoin. This is one of the big reasons that the fiat value on Litecoin is so much lower. But this is not necessarily a bad thing! Cryptocurrency can be extremely volatile with large swings in either direction at any given time. A 10% swing is considered major in any market, but the lower price of Litecoin allows those downswings to affect your bottom line in a much more manageable way.
4. Anonymous Transactions
Cryptocurrency has been around nearly 10 years now and one of the biggest selling points from day one was anonymity. Gambling is an industry where people have a large need for privacy, which is why it pairs so well with crypto. Litecoin gambling on Betcoin.ag offers its users these same privacies. No longer do players have to worry about their banks, government or spouses getting involved with their own personal transactions.
5. Earn Money While Winning Money
The best part about crypto in general is that it can be a great investment. Litecoin is up 86% in the last year alone, and there is no telling how high it can go. This means that when you are winning money in Betcoin Casino and Sportsbook, the money you are winning is actually earning on itself with no extra effort on your part!
Sign up for Betcoin.ag today to receive a 100% casino bonus on your first deposit. Make Betcoin your home for the best Litecoin casino, sportsbook, affiliate program and community.
Five (5) mBTC Casino Bonus
Clearly Litecoin is a great choice when deciding what method to use for online gambling, and Betcoin.ag is proud to offer it as one of its many accepted currencies, which include Bitcoin, Bitcoin Cash, Ethereum and DASH. Comment below and let us know what is your favorite digital currency to use for gambling and why? We will choose five replies to each win a 5 mBTC casino bonus! Entries must be received by Monday, 6 August 2018 at 10AM ET to qualify. Thanks, and best of luck to all our great players!