Litecoin (abbreviated as LTC) is often referred to as \u201csilver to Bitcoin\u2019s gold\u201d. In terms of technology, both are regarded as peer-to-peer digital currencies, exist in the electronic format only with no physical banknotes available, and are based on blockchain confirmations. Litecoin was created by Charles Lee, a former worker at Google, and went live in 2011. Its network is supposed to create a final total of 84 million currency units, four times larger than bitcoins.<\/p>\n\n\n\n
The altcoin did not cost much in the beginning, with 2017 being the watershed year for the crypto: in early 2017, 1 LTC was worth $4, surging a hundred times above that by the end of the year. As any other crypto, Litecoin is a super volatile asset as its value can alter greatly from one hour to another, and it still keeps hitting a new high occasionally. <\/p>\n\n\n\n
The new cryptocurrency was intended as a cheaper and faster alternative to Bitcoin, and it succeeded in it right from the onset. An average confirmation time in the Litecoin network is 2.5 minutes, and a sender has to pay a small miner fee of about $0.03 to $0.3 (compare it to 0.0003 Bitcoin, which is about $10\u2013$15). Broadly speaking, online casinos with Litecoin work the same way as any other gambling site, except that they allow the crypto online banking.<\/p>\n\n\n\n
Visiting a Litecoin casino, you are still required to sign up, submit some personal details and fund your account before you can begin playing for real money. There are also video slots, table games, live games and bonuses which are arranged similarly on the site. Besides, typical security aspects are present, including a Curacao, MGA or other gambling license allowing the casino to operate legally.<\/p>\n\n\n\n
As for any other crypto, there are at least three ways of getting your hands on Litecoin:<\/p>\n\n\n\n