Best Litecoin Casinos are Anonymous
One of the biggest vulnerabilities of using online payment methods is the risk of data breaches. If a 3rd party is trying to intercept the transaction, they can do it fairly easily given that they possess the skill set. A large part of the skill set is based on how hackers and scammers can use sensitive information against you.
One of the biggest advantages of cryptocurrencies like Litecoin is less exposure to sensitive information. When you deposit or withdraw at Litecoin casino online, you only use your wallet address which is secure by the blockchain. So, getting your credit card number or the e-wallet credentials stolen is less likely.
Moreover, many people are not comfortable sharing their information online in general. For them, crypto has been a blessing. You can not only play at online casinos but pay many of the merchants worldwide using crypto now.
It’s Secure & Validated
The concept of cryptos might rely on no regulation from the government, but there has to be some sort of regulation in place to maintain the integrity of the platform. That’s where the blockchain comes into play.
In the blockchain, some nodes are designated as master nodes whose primary job is verifying and validating transactions. So, when you make a payment to an online casino Litecoin, many nodes are validating this transaction at the same time. It eliminates the possibility of double charging or
missing out on the transaction entirely.
For most bank-controlled online payment systems, there’s a processing delay. It adds up on top of the time a casino might need to process your withdrawal request. The use of crypto such as Litecoin can cut down on the transaction time by a lot.
For fiat currency transactions, the deposits are usually instant. This model is ancient and we believe it’s slightly unfair to the individual players. Why should the merchants get their money immediately when you have to wait for several days?
The popularity of online Litecoin casinos axes down on this very problem. Both deposits and withdrawals are extremely fast. The waiting period depends on how fast the blockchain can record the transaction. It doesn’t take more than a couple of minutes in most cases.