Cryptocurrencies are becoming increasingly popular amongst casino players, with Litecoin being an attractive option for many users. Online casinos such as VIPCoin Casino are acting to provide deposits in digital money for crypto-consumers who benefit from this option.
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Litecoin is one of the early cryptocurrencies that rose to prominence alongside Bitcoin and Ethereum. Launched in 2011, it has proved to be a stable and reliable coin for investors and has a long-term development team. The project has been adopted by many businesses across the world, with merchants using the coin at point of sale and others adopting it for banking. Decentralization is a key design idea for Litecoin and it means that there is no centralized party that can interfere with your payments.
There are many advantages to using Litecoin over fiat currencies, both when playing online at VIPCoin Casino and using existing coin holdings. These include:
Litecoin can be sent to a crypto casino, many of which do not require background checks or ID verification. The reason for this is that crypto transactions from them are harder to track.
Sending crypto from a decentralized wallet means that outside parties aren’t privy to information such as transaction sizes or frequency of deposits
Cryptocurrency is becoming even faster to send and can rival payments giants like Visa and Mastercard in transactions per second. Litecoin was one of the original cryptocurrencies and usually completes transactions in around 20 minutes. Other cryptocurrencies can be sent in a matter of seconds.
Without the use of third-party intermediaries, Litecoin also has lower fees. Some casinos or investment accounts can charge a hefty fee for withdrawals but crypto is the same to deposit and withdraw, making it an appealing choice for casino players.
Making a Litecoin deposit to a crypto casino is simple and straightforward. At VIPCoin Casino you must go through four steps:
Litecoin (LTC) must first be bought from an exchange, and these are the steps required:
Coins can be sent directly from the exchange, but it can be helpful to store the coins in a wallet on your PC or mobile device. This means that you hold the coins and no third-party can see them. It also protects you from hacks or insolvency at an exchange. The transfer of LTC to that wallet will take around 10 minutes approximately from the exchange.
Litecoin (LTC) must be bought from an exchange such as Coinbase or FTX. You can use a credit or debit card to purchase the required amount in US dollars or set the number of coins required. Those LTC coins will then show up in your exchange holdings page.
To have a safer storage wallet on your device, you must first complete a free download. The exchanges will provide their own wallet, and these are multi-coin. Exodus is an example of a wallet that allows holdings in multiple coins such as BTC, ETH and LTC.
Click ‘withdraw’ on your Litecoin holdings at the exchange and a new page will load for the process. A box will appear for the Litecoin destination address. In your PC wallet, you will find the destination address for Litecoin and you can paste it into the destination box on the exchange. That will send the LTC coins to your private wallet.
Now that you own the LTC coins in a decentralized and anonymous account, you can send them to the Casino. The process is very similar to the exchange withdrawal. First, you must find the Litecoin deposit address and paste that into the destination that the wallet requires. Choose the amount of LTC that you want to send across and complete the process.
The following guide will explain the casino deposit process in greater detail.
The first thing you need is an account. You will find the ‘register’ link on the top right of the screen and should click on that button to register your details. You will be asked for a username, password and date of birth. You can then login by pressing the Login button.
Now that you have logged in to your VIPCoin Casino account you will see the ‘deposit’ option on the top right of the screen. Click there to start the process.
The next page will present you with a selection of coins that are accepted at VIPCoin. In this example, Litecoin is selected and appears in grey. Enter the deposit amount in USD and it will generate a deposit address for Litecoin.
On the next screen you are also given an amount in LTC that is equivalent based on the current LTCUSD exchange rate.
Underneath that you will find the Deposit Address for Litecoin. You must copy that address to send the coins to your wallet.
Go back into your Litecoin wallet on your PC or mobile device and select the ‘withdraw’ option next to your Litecoin holdings. Paste the Deposit Address into this box and confirm the process. Your coins will now be sent to your casino account and will be ready to use once they have landed. The transaction time for LTC is often around 10-20 minutes.
While VIPCoin Casino is a great choice for online players thanks to the diverse range of games and secure payments options, more and more casinos are now also accepting Litecoin.
Why should online casinos remain in the dark ages, relying on outdated, complicated fiat currencies with their high fees and long transaction times? We don’t think they should here at VIPCoin – which is why we’ve built our casino to specialise in the anonymous, unrestricted world of crypto. We’re sure you’ll have fun playing all your favorite casino games here.
The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.
In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.
Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.
With new coins appearing on the market almost daily, it can be hard to keep track of which crypto casinos accept which currencies. Which is why we make it clear in our reviews of our fellow crypto-gaming sites.
While there are many reasons why people visit our website, there are two primary factors. First, players new and experienced alike are searching for a reputable operator for their online casino needs. Our own well-respected casino is committed to creating an unforgettable player experience for our users! This is not the only reason why we have received attention, however, as our casino reviews have proven to be a popular draw.
The team at VIP Coin wants each of our readers to find the perfect home with the online casino features that best fit their needs. We do this by carefully researching every casino we review. Our goal is to give you the information you need to make informed decisions about where to spend your money. Whether you stick with us or decide to branch out with another provider, you deserve to have an exceptional online experience.
For transparency’s sake, we have put together some of the most important elements we consider when reviewing websites. From trustworthiness to game selection and everything in between, this page will outline the things we weigh when directing readers to or away from an operator.
Here is the information we consider:
The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.
In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.
Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.
Trustworthiness and security are important, but we think that games and software options are just as critical to the player experience. With so many types of casino games available, ranging from live dealer titles to slots and jackpots, players deserve a big selection of games from some of the industry’s best developers. Here is a brief explanation of exactly how we rate online casinos’ software and game selections:
Some online casinos offer many games from one or two big developers, but not much else. While this does ensure that players have access to quality games, it also limits the types of games they can play. There is no end to the kinds of unique concepts used for the latest and greatest slot machine games, and working with a variety of game providers is the best way to allow players to experience as many of them as possible.
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Playing for real money is exciting, but sometimes playing for fun is the best option. An excellent online casino operator will have a free-play option for users who either like to have hands-on experience before they wager real money or who like to play without the pressure of winning.
We mentioned the importance of extensive game catalogs above, but there is another reason why we prefer online casinos that work with a multitude of top providers. There are many different game developers in the industry, and not all of them are committed to creating quality titles. Well-established and respected designers, on the other hand, have tried-and-tested development skills that result in hugely popular games.
Being able to easily play in-browser is an important part of the appeal of online gambling. We check to ensure that the operators we review make it easy for players to enjoy their favorite games.
Bonus offers, be they for new players or loyal users, are a great way to show player appreciation and boost your bankroll. Most online casinos offer some kind of promotion – however, they are not always plentiful or generous. That is why we look not only at the presence of offers, but also the value of them.
Also called ‘welcome bonuses’, new player offers are designed for users who have never before been registered with the online operator. This kind of promotion offers players some kind of incentive to sign up, such as free spins or a first deposit match bonus.
It is easy to claim all sorts of things on your homepage only to hide predatory regulations within the fine print. The VIP Coin team examines the terms and conditions of every casino we review to make sure that there are no hidden downfalls to bonuses, such as exorbitant wagering requirements.
New-player offers are important, but so are bonuses for returning players. We always check to see what bonuses an operator offers not just first-time users, but also loyal players.
Speaking of loyal players, VIP Casino believes that users deserve recognition for their time with online casinos. We, therefore, check operators’ VIP or other loyalty rewards when writing our reviews.
Games and bonuses are important, but only if players have access to convenient and safe payment methods. We do our research into the deposit and withdrawal processes of the casinos we review. We keep the following in mind when grading online casinos’ payment options:
The best deposits are quick and easy. We look to see how easy deposits are to make as well as how long it takes for funds to be made available.
Your personal information should not be treated lightly. We examine operators’ payment methods for weak links that might put your data at risk.
Sometimes, online casinos provide excellent games and a wide variety of deposit options only to drop the ball with slow withdrawals. Our goal is to find casinos with quick, trustworthy withdrawals.
Even beyond withdrawals, the team at VIP Coin looks for quick processing of all transactions in general.
Transparent gaming with fair RTPs. We believe that players deserve to know exactly how likely they are to land a winning spin when playing their favorite slot. We look for operators with transparent gaming and fair RTPs.
Even experienced players run into issues sooner or later. We place special importance on online casinos’ customer support options. We do this by looking at the following factors:
Is the website encrypted? We check out operators’ websites with a discerning eye to homepage encryption that keeps player information safe.
The VIP Coin team wants all players to be responsible when gambling. We look for online casinos that share this concern and offer players tools designed to help keep their spending in check.
Players should never have to dig through a website looking for customer support. We look at how easy it is to locate and access player care options.
Quick and accurate solutions: Not only do we think that players should have answers quickly, but we also believe that they should have the best answers at their disposal.
Today’s player has a wealth of devices at their disposal. Online operators should make it easy to access games from smartphones and tablets as well as desktops. We look for the following:
Can players visit the operator’s website from their mobile device and play their favorite games? Websites should be optimized for smaller screens.
If an operator offers a dedicated mobile app, is it easy to switch from the app to the desktop site? Is information synced between the devices?
Not every casino we explore meets all of our requirements. We note any potential downsides within our review, and if we feel as though an operator poses a risk to players, we will place it on our blacklist.
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