One of the best deposit methods casinos trust is Litecoin. Today, there is a huge demand for anonymous gambling, especially on the new casinos online. This is the reason why crypto casinos are on the rise. One of the favorite cryptos that casinos allow players to use is Litecoin. Gamblers have many benefits to reap when using Litecoin as a deposit method.
First, Litecoin facilitates anonymous gambling now that it is a decentralized currency. It is not sanctioned by any government, bank, or financial institution. Thus, all gambling activity remains anonymous.
Another advantage of Litecoins is the speedy transactions. Unlike bitcoin, Litecoin has a streamlined block generation process. The crypto processes block every 2.5 minutes, while bitcoin processes the same in 10 minutes. The result is faster deposits.
Another reason to use Litecoin is the reasonably low transaction fees. Gamblers can load their casino accounts at meager fees compared to other options.
Please note, Litecoins are not necessarily an online payment method but a form of digital currency that rivals fiat money. To deposit Litecoins to a casino account, gamblers must use an intermediary known as a crypto wallet. Most new casinos online have partnered with CoinsPaid, which is regarded as the best crypto wallet.