All About Online Litecoin Casinos in Nigeria

Top 5 LTC Casinos to Play for Nigeria Gamblers

#
Name
Bonus
Benefits
Rating
Website
1
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
5.0 Stars
2
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
4.9 Stars
3
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
4.8 Stars
What is a Litecoin Online Casino?

It’s simply an online casino that offers Litecoin as a payment method. It doesn’t matter whether the casino is provably fair or not. It’s a very new concept anyway and not all gamblers
in Nigeria know about it.

So, we’re going to focus on the payment aspect of this crypto throughout this post. So, to play at these casino brands, you need Litecoin in your crypto wallet first.

Does that mean you have no other options to pay for the games? That’s not the case. Just because you’re playing at a Litecoin casino online doesn’t mean you can’t use other methods. Most operators still offer the common fiat currency methods.

So, what do you think are the benefits of playing at these casinos? That’s why you’re here, right? We’d like to give you the basics of the currency first before we delve into the benefits.

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What is Litecoin and How Does it Work?

Don’t worry. We aren’t going into the technicalities of how cryptocurrencies work. This section deals with how online casino Litecoin works before you start playing.

Litecoin is, at its core, a first-generation cryptocurrency that follows the Bitcoin model. Because it came out after Bitcoin, Litecoin managed to solve a lot of the previously prominent issues. The primary benefit you can enjoy at Litecoin casino online brands is the blazing fast transaction speeds.

Another achievement for this crypto is the reduction in transaction fees. You don’t have to pay as much to exchanges for buying and selling this currency.

Just like Bitcoin, Litecoin is a decentralized currency mined, distributed, and recorded on the blockchain. No governments or banks have jurisdiction over the production, distribution, and/or value of the currency.
Although it opens up a lot of probabilities worldwide, decentralization also makes Litecoin very volatile. Volatility is an issue the crypto industry is struggling with for as long as we can remember.

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Play Litecoin Casino Online for the Following Benefits

Needless to say, you’d want to pick a cryptocurrency over a fiat currency at online casino Litecoin purely for the benefits. Because as of now, obtaining crypto is not a mainstream process. Also, prices are quite high when compared to fiat money.
So, let’s take a look at the benefits of playing a Litecoin casino online in Nigeria.

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.

It’s Fast

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.

Top 5 LTC Casinos to Play for Nigeria Gamblers

#
Name
Bonus
Benefits
Rating
Website
1
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
5.0 Stars
2
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
4.9 Stars
3
Welcome Bonus
Up To 100,000
Wide variety of games
Excellent customer support
Reputable casino
4.8 Stars

How to Get Your Hands on Litecoin?

If you’re already a crypto investor or tech-savvy person, you may have figured out the basics. You can skip this part if you want. In this section, we’re going to shed light on how you can get Litecoin to use for casino games.

Mining

The oldest way to get your hands on crypto. Unless you’re living under a rock, you must’ve heard the term “Bitcoin Mining” sometime in the last decade. It’s the same process to mine Litecoin. Basically, you devote processing power to solve complex problems and receive the tokens as a reward.

Unfortunately, the increasing complexity of the problems and the volatility of the industry have made mining a very inefficient process for non-professionals.
So, it’s better if you stay away from this process.

Buying at Exchanges

This is by far the most convenient and safest way to obtain Litecoin. A lot of exchanges are operating all over the world that deal with all kinds of cryptos. You can buy Litecoin for fiat money at these exchanges. It’s very similar to shopping online with your credit card or e-wallets.

In this case, you get the crypto you want in your wallet as the product.
If you’re dealing with Litecoin only and don’t plan to expand your horizon of cryptos, you can use the official Litecoin website as one of your sources. The process is very similar to purchasing from exchanges.

Receiving from 3rd Parties

This is a great option for merchants as well as people who are surrounded by other crypto users. If you’re a merchant of any products or services, you can add Litecoin as one of your incoming payment methods. Later, you can use them at Litecoin casino online website.

Similarly, if anyone from your friends or family deals with Litecoin, you can ask them to send some over to you. You can pay them in fiat currency and/or any other cryptos that you have lying around.

How to Find the Best Litecoin Online Casino?

You’ve already found one! And if you keep at it, you can find many others in Nigeria. The question is, how do you know the operator is worth your time? To help you out, let us share a few tips.

  • Always make sure that the online Litecoin casino you’re playing at is licensed by the appropriate authority. In Nigeria, look for a license from National Lottery Regulatory Commission.
  • This one is quite obvious. You need to evaluate the game library in advance to see whether the games you want to play are available or not.
  • Look for a backup payment method. Because sometimes, technical difficulties may stop you from playing at Litecoin casino online operators and a backup method can help you out of the jam.

Let’s Wrap Up

In conclusion, Online Litecoin casinos are amazing for anyone with access to the currency in Nigeria. You get the full library of promotions and games at your disposal. Moreover, you don’t even have to worry about payment protection. The only drawback of using this currency is the volatility and it
can be mitigated if you make timely decisions.

FAQ – LTC Casino Online in Nigeria

Are Litecoin Casinos Legal to Play?

In many countries, online litecoin casino gambling is entirely legal. However, both cryptocurrency and online Litecoin gambling must be legal. For example, in some countries, you can gamble at a crypto casino legally but not play Litecoin casinos online. Research your local laws to see if Litecoin and online gambling are legal.

How Long Does it Take to Send Litecoin to an Online Casino?

Most transactions to a crypto Litecoin casino take no more than a few minutes. Transactions to an online Litecoin casino must go through a confirmation process that can take as little as a couple of minutes. However, during peak traffic on the Litecoin blockchain, it can take up to two hours. Altcoin transactions like Litecoin are generally faster.

What is a Litecoin Casino Online?

A Litecoin casino is an online casino where you can deposit Litecoin. Some crypto casinos allow you to both deposit and play using Litecoin. Often, an online casino is merely Litecoin -friendly, meaning you can only deposit. The top Litecoin casinos allow you also to gamble using Satoshis or Litecoin.

How Can I use Litecoin to Play at an Online Casino?

1 – Find an online casino that accepts Litecoin as a payment method (such as the ones listed on this page).

2 – Register an account and choose Litecoin as your currency.

3 – Go to the “Deposit” area and make a payment.

4 – Accept the transaction from your Litecoin wallet, following the instructions on the website.

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