Cryptocurrencies have become quite popular in the online gaming world. Litecoin slots are among the popular cryptocurrency based games.
What are Litecoin slots and how do they work? I’m going to answer these questions by discussing more on this type of slots.
What Is Litecoin?
Litecoin (LTC) is a peer-to-peer cryptocurrency that operates on blockchain technology. Charlie Lee, a former Google and Coinbase employee, released this cryptocurrency in October 2011.
Litecoin is a Bitcoin fork and is nearly identical to the latter. The main difference is that the Litecoin Network processes blocks around every 2.5 minutes, as opposed to Bitcoin’s 10 minutes.
Therefore, Litecoin is considered the faster of the two cryptocurrencies. Even still, it’s not nearly as popular in online casinos as the leading Bitcoin.
How to Play Litecoin Slots
You start playing Litecoin slots by purchasing this cryptocurrency through an exchange. Luckily, most exchanges sell LTC.
Once you’ve bought Litecoin, you need to transfer it to an online casino. To do so, you can navigate to a gaming site’s banking section and choose the LTC option.
This action generates a wallet address. You then visit the exchange where you purchased Litcoin and send it to your online casino of choice.
You may need to wait a short while for the funds to arrive. Once your account is funded, then you’ll be able to play slots.
Is Litecoin Worth Using for Slots?
Litecoin is one of the more-popular slots in the gaming world and abroad. That said, it’s worth a try for internet slots purposes.
You need to first master how to use cryptocurrencies. But you shouldn’t have much trouble with this aspect based on the previous instructions covered here.
Also, you can use Litcoin for both deposits and withdrawals. It makes for a very handy method for playing online slot machines.