You might have heard about Litecoin – an alternative coin to play online slots. But do you know its background? Litecoin is a Lite version of the traditional Internet currency, Litecoin. With its low transaction costs, more people have come to recognize this newer virtual currency as a viable gaming currency.
Litecoin is much like any other form of currency used in online casinos
It is backed by the United States Department of Treasury and is legal tender. Just like any other virtual online currency, you can exchange Litecoin with other similar currencies in the same way as you can with other commodities.
Online casinos make use of virtual money for transactions, and the most commonly used method is Litecoin. Since there are a lot of virtual currencies available online, many online casinos have integrated the use of Litecoin to give their players a choice of choosing the virtual currency that suits their gambling needs best. The Litecoin online slot machines offer great benefits that online slot players will surely appreciate. Aside from the low transaction fees involved, it is also easy to transfer coins from your online casino account to other Litecoin wallets.
Since Litecoin can be exchanged easily through online wallets, you can also transfer your winnings from one-online slot game to another. This is convenient on your part because you can enjoy your winnings from the casino without having to travel a long distance. This is why many gamblers choose Litecoin to play slot games.
Although Litecoin is relatively new as a virtual currency, it already replaced the traditional Internet currency, the US dollar, in some online casinos. With its low transaction fees and safe storage methods, Litecoin has become one of the preferred currencies to be exchanged in online slots. Although many online casinos have yet to adopt Litecoin, some are already incorporating the use of this virtual money in their various casino games. One of these is the Online Slots Game at the Direct Casino.
The main reason why online slot players usually prefer Litecoin to play their favorite online casino games is that it is a lot more affordable than the other popular virtual currencies being used in online slots like the US dollar and Euro. Also, with Litecoin, there are no exchange fees when exchanging the coins from one online casino to another. All you need to do is to transfer your Litecoin to your online slots account and play accordingly. There are no additional transaction fees when using Litecoin as a payment mode in online slot games.
Reason why a lot of casino players prefer Litecoin
It’s because of the security that comes with this digital currency. Litecoin transactions are both secure and fast because of the advanced technology used in these types of online transactions. Unlike in real online casinos wherein you are required to personally trust any online dealer and give out personal information like credit card number, payment account details, and social security number, in an online slots game there is only the transaction information that is completely protected from all third party risks. With the use of Litecoin, this transaction can go smoothly and without any delays. In addition, since Litecoin is a digital currency, there is no need to worry about exchanging these coins because you can get them anytime you want through online transactions.
To top it all, Litecoin can also be used as a form of payment in online casinos. With so many advantages offered by this digital currency, more online casino sites are introducing the use of Litecoin in their various casino games. Some of these include online poker and online slots, which are very popular especially in different parts of the world. Now, it is up to you whether you are a beginner or an expert on online slots, and what better way to test your skills than to play in an online casino using Litecoin – an affordable cryptic to play online slots.