Reasons to Try Litecoin Casinos Today
Casino websites with Litecoin are hot commodities, but not everyone is sure if the hype is appropriate.
Ultimately, they ARE better than conventional casinos and are likely the future.
Here are just a few reasons why this is the case.
Crypto > fiat
We have used fiat currency for a long time, but it is approaching its sell-by date.
The consistent printing of paper money reduces its value.
As a result, the fiat stored in your account will inevitably reduce in value over time.
As Adam Smith once wrote: “The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.”
Conversely, many of the best-known digital currencies are experiencing value growth.
Therefore, if you win Litecoin on a casino, the value of your earnings could continue to grow.
Litecoin is the future; fiat currency belongs in a museum.
The cryptocurrency market does have issues with people hacking and stealing money.
However, it is important to note that such criminality is mainly confined to the exchanges.
LTC casino websites, on the other hand, usually provide a haven for users.
All LTC transactions are protected by a network that verifies them while also offering encryption security.
In addition, it is extremely difficult to decode a transfer’s private key due to its length and complexity.
Most digital currency experts suggest Litecoin is safer than using a credit card.
Exceptional user experience
Those who try LTC casinos often claim they find them more entertaining than conventional casinos.
Here are six reasons why these modern sites offer a better UX:
Faster transaction times, so you send and receive money faster
Reduced transactions fees
Special bonuses for using LTC
Websites with a modern design
Higher deposit and withdrawal limits
Less likely to get restricted for being profitable
If you’re a serious bettor, there’s no reason to delay registering with casino that accept LTC.
There remains a stigma around the use of casinos.
The banking system continues to rail against playing on such a site.
Fiat usage is a bad idea if you want secrecy as banks can see what you’re doing.
Banks will even tear up your loan application if you’re caught using a casino.
With LTC, you get the anonymity you crave.
These transactions take place away from the prying eyes of the banking system.
The outcome is casino usage with complete freedom.
Choosing The Best Litecoin Casinos In 2022
There are a potentially overwhelming number of LTC casino websites to choose from in Canada.
Yet, it is essential to take your time and choose carefully.
Otherwise, you might regret your choice.
However, our team has come to the rescue by offering an outline of what to look for during your search.
Few things matter in your search more than locating Litecoin casinos with positive reputations.
Sadly, if a shady casino that accepts LTC hangs on to your LTC, there’s no action you can take to get it back.
Crypto transactions can’t be reversed once finalized, so a shady site can do what it likes because there is no oversight.
This is why you should read our exclusive reviews, where we outline whether LTC casino websites deserve your trust.
Ultimately, you need to know that the Litecoin casino in Canada in question:
Enables you to get hold of your money easily
Has customer support worth mentioning
Variety & quality of what's on offer
When you’re using a casino, variety matters.
Litecoin casinos can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.
Consequently, go through a site thoroughly to ensure there’s plenty of things to generate your interest and keep it.
Furthermore, focus on the standard of the site.
Regardless of quantity, if you’re forced to use the same kind of games and markets, your patience quickly wears thin.
Moreover, sites that offer progressive jackpots and long odds could help you get the most out of your Litecoin.
With Litecoin, there is little waiting around for a transaction to go through.
Yet certain Litecoin casino websites may lag behind industry leaders in transaction speed and have other issues.
Don’t use any Litecoin casino until you’re happy with the answers to these three questions about transactions:
Does the site have lightning-quick deposits & withdrawals?
What cryptocurrencies does it accept? (Options include LTC, BTC, DOGE, and ETH)
What are the limits on withdrawals and deposits?
You also want a site that solves customer complaints quickly and effectively.
By themselves, good features and easy deposits aren’t guaranteed to offer a good user experience.
When casinos that accept Litecoin ignore their customers, they are a waste of your time and money.
If you use a casino website with rude or unresponsive customer support, it is easy to get annoyed.
Conversely, trustworthy Litecoin casinos act fast and decisively when a customer has a problem.
Such companies help solve issues efficiently, so you can enjoy the site.
Rewards and bonuses
Offering bonuses to attract users is a normal part of how any casino operates.
Here are a few of the bonuses you can expect to find:
Bonuses for using Litecoin
No deposit bonuses
Carefully look into the terms and conditions linked to every bonus.
While you might think they provide a reasonable benefit, you can expect the site to add restrictive terms.
A case in point is that you have to wager through up to 60 times your first deposit to benefit from the bonus.
We find the top-rated Litecoin Casinos for you
It is simple to get information about LTC casinos online.
Sadly, misinformation and outright lies are features of Internet content.
Ultimately, it boils down to sites not having the desire to do the work.
We like to do things right, which is why we thoroughly examine casino websites.
It takes many hours of play to ensure we get enough information.
It is challenging, but we enjoy the process because we know the result is the best set of reviews around.
While you will find hundreds of casino website reviews by our team, we’re only getting started!
What to Expect from Litecoin Casinos
If you’re a novice when it comes to Litecoin casinos, there’s an element of mystery involved when you register.
Yet you’ll soon find that they’re a lot like conventional casinos.
In fact, once you’re used to utilizing Litecoin on casinos, you’ll feel right at home.
Apart from all-time favorite casino games, these sites offer games you won’t find on fiat accepting casinos.
Even so, the majority of people want to play the casino games they know about.
If you fall into this category, check out the following guides to five great games you can usually play on Litecoin casinos.
Developed in France in the 1700s, roulette is as popular as ever.
With one zero and 37 numbers overall, the European wheel reduces your disadvantage.
The casino enjoys a bigger edge with the American wheel, as it has two zeroes and 38 numbers in total.
Your goal is to predict where the ball lands once the croupier drops it into the spinning wheel.
There is a betting table on the LTC casino screen where you can make any one of several wagers.
These are some of the most popular roulette plays:
If you’re hoping to win big, try to guess a single number; getting it right pays out at odds of 35/1.
Going for a double or nothing play is more sensible, such as picking red/black or an odd/even number.
Further possibilities include the dozens or column wagers; both offer a 2/1 payout.
Also, roulette strategies like Martingale only increase your risk of ruin; they are not a surefire way to win.
While you might win money on any given evening, the casino edge on roulette means you won’t make a long-term profit.
Therefore, view roulette wagers as acts of fun and bet sensibly.
One could argue that the Sittman and Pitt machine of the early 1890s was the first slot.
Nonetheless, Charles Fey stole the limelight with his Liberty Bell machine developed at around the same time.
While Liberty Bell is well over a century old, it is still the basis for what you’ll find on Litecoin casino websites.
You have the option of using the vintage 3-reel slots or upgrading to the contemporary 5-reel.
Whether you pick 3-reels or 5-reels, you’ll find it easy to use and get drawn into the speed of the game.
Therefore, people are often attracted to slots due to their ease of use and the fact one can make hundreds of plays in an hour.
If you’re looking to win big, find a game that offers a progressive jackpot as, on occasion, the Litecoin casino pays out a fortune.
It takes good luck to win on slots because the house edge is often substantial.
Baccarat is a game with a reputation for sophistication.
Probably developed in France in the 19th century, baccarat is a fairly basic casino card game.
When you make baccarat plays, you can choose the banker or the player; the banker offers a lower house edge, for the record.
Both player and banker receive two cards, and the one with the highest score wins, to a maximum of 9.
Once the score reaches 10 or more, the second number becomes the new value of the hand.
For instance, 6 plus 7 equals 13, so the hand is worth 3 points in baccarat.
Face cards and tens are worth no points, Aces are a single point, and cards numbered 2-9 retain their value.
If the player or banker scores 8 or 9 from the first two cards, it is considered a ‘natural,’ and that person wins the hand.
If the banker and player have specific scores and no natural total, one or both receive a third card.
According to the rules, a player must accept the third card on a score of 5 or less but stands on 6 or 7.
What do you earn for winning in baccarat?
Baccarat is mainly a double or nothing game, minus the casino’s commission.
There is also the option to risk Litecoin on a tie; the odds are attractive at 8/1 or 9/1 but represent bad value.
At 1.24% for the player and 1.06% for the banker, the house edge in baccarat is small, but it is a massive 14.4% if you back the tie at 8/1.
Punto Banco is the most popular form of baccarat, but there are two common variants.
Chemin de Fer
Chemin de Fer is French for ‘railway’ and is the favored baccarat version in the European nation.
While there is only one dealer in Punto Banco, everyone gets a turn to deal in this version.
Once you deal the cards, the person sitting counter-clockwise gets the next turn.
If you side with the player in Chemin de Fer, you have the option of standing on 5.
In Punto Banco, the minimum score for ‘standing’ is 6.
Baccarat Banque remains a much-loved version of the game in Europe.
The person willing to assume the biggest risk gets to become the banker.
You must deal at least one hand as the banker; then, you can decide if you want to continue in the position.
Overall, you can become the banker no more than three times during the game.
While the banker rule is different, Baccarat Banque has many similarities with Chemin de Fer.
Most LTC casino users prefer to try Jacks or Better above all other forms of video poker.
Nonetheless, there are games such as Pick’em Poker, Bonus Poker, and Deuces Wild if you want something else.
The simplicity of Jacks or Better is a major draw; all you need is a pair of Jacks from five cards to win.
Other winning hands include three of a kind, a full house, and a royal flush, which offers the largest payout.
Certain LTC casinos let you play a win further, inviting you to pick a high or low card.
You’ll see five cards, one of which is face up.
Winning involves choosing a card with a higher value than the one you can see.
Jacks or Better tends to provide one of the largest payout rates of any Litecoin casino in Canada game.
While most casino games are based on luck, there is skill and a steep learning curve in mastering video poker.
Practically every casino website offers the game of blackjack.
It is arguably the casino world’s most famous card game, probably originating in France in the 1760s.
You win in blackjack if your hand has a higher score than the dealer, and you don’t exceed 21.
More often than not, you’ll need to take a third card to achieve this objective, though it is possible to win after two.
Initially, the dealer gives you two cards face up, but you can only see one of their two cards.
Once you check your initial score and that of the dealer, you must take one of the following actions:
Hit: You get another card
Stand: You settle for your current score
When the dealer or player scores 22 or more, their hand is ‘bust,’ and they lose if the other person doesn’t go bust in the same hand.
How much are cards in blackjack worth?
Aces: 11 or 1
Jacks, Queens & Kings: 10
2-10: Their regular value
What’s the value of a blackjack win?
A blackjack win pays double your play, but the casino tends to take a commission to increase its edge.
Should you earn the coveted 21 score, the LTC casino ordinarily provides a 50% bonus.
Other relevant rules in blackjack
If you’re in a weak position, surrendering or taking insurance decreases your potential loss.
If you’re confident with your hand, consider making a double down or split play to increase your profit potential.
Check the LTC casino’s terms and conditions to see if the dealer has to stand or hit on ‘soft’ 17.
A ‘soft’ hand is one that contains an Ace because it gives you the chance to change your total.
Is It Legal For Canadians To Use Crypto And Casinos?
There is no guarantee that you can play on any LTC casino using crypto assets as it depends on your country’s rules.
You might find that your nation has no issue with digital assets but forbids gambling, or it might allow betting but not crypto.
In some cases, you can try to use casino websites accepting LTC even if it is against the law, but it is a huge risk.
There’s nothing to stop the casino website from shutting down your account and keeping your money in this scenario.
Fortunately, Canadian residents are free to use Litecoin casinos!
Are Canadian residents allowed to use Litecoin?
Yes, it is completely legal to buy and sell Litecoin on exchanges and make purchases with it.
Yet you should note that the Canadian government doesn’t see crypto as legal tender.
As a result, the Canadian Revenue Agency (CRA) won’t let you use it to pay your taxes.
Please note that the Agency expects you to pay tax on cryptocurrency earnings.
Therefore, you must report gains or losses on it when filing your tax returns.
Digital assets are not regulated in Canada, even though the exchanges that sell them are.
Therefore, many businesses remain unwilling to accept them as payment without the protection of a central authority.
In contrast, LTC casinos are happy to take the risk as it is a means of improving their revenue.
How do I obtain LTC?
Exchanges are probably the best place to buy LTC.
In Canada, there is protection for users as crypto exchanges are regulated as money services operations.
Consequently, to continue operating, these organizations must comply with rules relating to verification, recordkeeping, reporting, and a whole lot more.
A rule that came into play in June 2020 legally requires these businesses to register with FinTRAC.
It is Canada’s main authority when it comes to investigating and punishing financial misconduct.
Therefore, contrary to what many people think, buying and using LTC in Canada is a relatively safe process.
Is Playing online legal in Canada?
In Canada, you are legally allowed to play online as long as you follow the rules.
However, you must be at least 19 years of age.
If you live in one of the following provinces: Manitoba, Quebec, or Alberta, the legal gambling age is 18.
Furthermore, you keep the money you win from playing online as it isn’t taxed unless you’re deemed a professional.
As far as casinos are concerned, it is illegal to operate on Canadian soil without provincial government licensing or ownership.
Yet, an estimated 1,000 unlicensed offshore companies continue to serve Canadian customers.
C-218: A game-changing law
Canada’s betting rules come from the Criminal Law Amendment Act of 1968-69.
The government then handed control of gambling laws over to the provinces in 1985.
The result was an enormous number of casinos opening throughout the country.
Since this law has remained intact, provinces use their power to make rules for online casinos and bookmakers.
An odd quirk in the law limiting betting activity was only recently changed.
This directive ensured that making a play on a single game was illegal until August 2021.
Finally, the government eradicated this rule via C-218, making it legal to bet on a single game.
Main cryptos overview
Overall, you’ll find thousands of cryptocurrencies with new ones seemingly created each day.
Despite the vast number on offer, casinos usually only allow you to use a small fraction.
Now, we shine a spotlight on four coins often allowed on crypto accepting casinos.
Litecoin is a Bitcoin spinoff created in October 2011 by Charlie Lee.
However, it soon gained a loyal following, which resulted in its value soaring, and it is now comfortably in the top 20 coins in market cap terms.
Among its benefits include quick transactions and low fees.
Unfortunately, only a relatively small percentage of casino websites accept it; our reviews let you know which sites to look for.
Created in January 2009 by an individual or group called Satoshi Nakamoto, Bitcoin is the digital currency that started the revolution.
It became the first cryptocurrency to exceed a market cap of $1 trillion, and its growth shows no signs of stopping.
Since Bitcoin has the greatest value and is the best-known cryptocurrency, practically all crypto casinos allow its use.
However, its enormous value means you’ll have to pay a significant amount of money to buy a decent amount of BTC.
On the plus side, the Bitcoin network is incredibly secure and has never been successfully hacked.
Only Bitcoin has a greater market cap than Ethereum, which is far above every other coin.
In July 2015, Gavin Wood and Vitalik Buterin developed ETH and have watched its value skyrocket as its plus points became known.
With a transaction time of 12 seconds, Ethereum is one of the best options for rapid deposits and withdrawals.
Some crypto experts believe ETH could one day surpass Bitcoin as the number one currency, so you have to decide if it is worth buying now.
Dogecoin was created as a prank by Billy Markus and Jackson Palmer in December 2013.
It is known for the image of the Shiba Inu dog that features on its logo.
Despite its origins, this particular cryptocurrency is now taken seriously, with Elon Musk, the founder of Tesla, often tweeting about it.
DOGE offers excellent security and fast transactions, so its use on casino companies is worth considering.
One possible issue with Dogecoin is the lack of a supply limit, which may cause inflation; also, few sites enable you to use it.