Welcome to our daily discussion thread. Discuss anything related to Ripple, XRP, and Flare. Read r/Ripple sub rules before posting and check out the thread containing helpful links: Join FlareXRP Discord: discord.gg/7Bv2rYf This is a public Discord server searchable using 'Explore Public Servers' with keywords such as XRP, Flare, Ripple, Crypto,. SWC Poker was the king of online Bitcoin poker. With tables at all stakes, heads up, 6 and 9 max tables of any poker variation and an onslaught of continuous buy-in and freeroll poker. You are going to be able to play poker online if you are one of the many poker players who use the Litecoin digital currency, for there have been a growing number of poker sites coming online.

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Litecoin is one of the biggest and most stable digital currencies after Bitcoin. It was created back in 2011 by a former Google employee called Charlie Lee. Litecoin is also one of the most popular cryptocurrencies for online gaming and online gambling.

The main reasons why you should consider Litecoin poker sites are:

• Speed. Litecoin transactions are almost instant. They are even faster than Bitcoin transactions. This means that your deposits on Litecoin poker sites will be available to you almost right away.
• Anonymity. Litecoin, like all other cryptocurrencies, does not require you to disclose your identity. You can play at your favorite poker sites without your bank knowing.
• Safety. All cryptocurrencies, including Litecoin, are praised for the safety revolution they have brought to the financial world. With Litecoin, your money will be completely safe due to blockchain technology.
• Instability. Litecoin can be pretty volatile at times, it’s not uncommon that the price fluctuates more than 10% in just a couple of days.

Best Poker Sites that Accept Litecoin

While the number of poker sites accepting Litecoin is on a steady rise, sites like Bovada Poker and Ignition Poker are still not offering it. Here is our list of poker sites that accept Litecoin deposit and withdrawals:

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Playing at Litecoin poker sites has numerous benefits so it is no wonder that they are growing in number. However, this creates the problem of choosing the best ones. To help you out, we decided to analyze Litecoin as a payment method for poker sites in detail and share everything we know about it.

Contents

• 1 Best Poker Sites that Accept Litecoin
• 9 Litecoin Poker FAQ Section

What is Litecoin?

Litecoin (LTC) is a peer-to-peer open-source cryptocurrency which currently takes the fifth place of the largest cryptocurrencies. It can be used for online payments, gaming, and gambling, including poker sites.

Like other cryptocurrencies, Litecoin is completely independent and decentralized. This means that it does not need a mediator between the sender and the recipient of money, such as a bank or another financial authority.

Even though Litecoin is not as popular as Bitcoin, it is quickly being more and more recognized and more widely used. The idea of Litecoin was to make it much easier to mine it compared to Bitcoin. Because of that, Litecoin is much more abundant today.

Litecoin processes blocks much faster than Bitcoin. Therefore, Litecoin is capped at 84 million, while Bitcoin has a cap of only 21 million. So, Litecoin is much faster than Bitcoin but it is also a bit more expensive to use as we will see shortly. Therefore, you should reconsider what is more important for you before you decide to use poker sites accepting Litecoin.

Where to Start with Litecoin

Creating a Litecoin account and paying with Litecoin starts with creating a wallet. A wallet is a special software that you can download and install on your personal computer or any mobile device. You should choose your wallet wisely and look for the one that fits your requirements. Always look for a wallet that gives you complete control over your private keys since not many of them offer this. You can either choose from the official Litecoin’s website, or from the We Use Litecoin website.

The next thing to think about is where on Earth can you find Litecoin assets to fill your wallet. It’s pretty easy, even though a little bit more complicated than Bitcoin because of the less-developed infrastructure. You can purchase them at online exchanges and there are many of them. You can either buy them with regular currency or another cryptocurrency. You can also mine it or receive it as payment or reward through gaming or gambling platforms.

After you have packed your wallet with precious coins, you are ready to deposit them to a poker site accepting Litecoin. Let’s see how to do that.

How to Start Playing at Litecoin Poker Sites

With a wallet installed and some amount of coins in it, you are ready to start playing at Litecoin poker sites. All you need now is an e-mail address. You can use your personal one or create a new throwaway e-mail address for added anonymity. Everything else about you remains anonymous and safe. While not needed, it might be that the poker site itself will ask you however for some additional information for instance to identify you in case of password recovery.

Once that is settled, just follow the steps below to deposit money and start playing:

1. Create an account at a poker site accepting Litecoin.
2. Sign in and find the deposit section of the poker site.
3. Select Litecoin as your preferred currency and copy the site’s LTC address.
4. Open your wallet and go to the “send money” section to create the transaction.
5. Fill in the amount carefully and double-check to make sure it is correct. Once the transaction is complete, it cannot be reversed.
6. Send the money, wait for it to be processed, and start playing.

As you can see, no verification of your ID and no documents are required to make a transaction. Just be careful to enter all of the numbers correctly because transactions are non-refundable.

Withdrawing Money from Litecoin Poker Sites

Withdrawing money from your poker site account to your Litecoin wallet follows pretty much the same process as depositing it. All you need to do is go to the withdrawal/cashout section of the poker site, choose Litecoin, enter your wallet’s address and choose the amount you wish to withdraw.

Your winnings will be pretty safe in your wallet. However, they are still susceptible to being hacked and stolen as long as they are kept on a device that has internet access. If you want your withdrawals to be completely safe, getting a second wallet and installing it on a portable offline hardware is the most secure way to go.

Transaction Fees and Processing Time

In these two areas, Litecoin has both an advantage and a disadvantage to other cryptocurrencies. For example, Litecoin is much faster than Bitcoin. It takes only around two minutes to process one block of Litecoin, while the same process takes ten minutes for Bitcoins. Therefore, your money will be deposited to your poker site account or withdrawn to your wallet five times faster than if you were using Bitcoins.

However, this speed obviously comes at a price. Transaction fees, even though pretty low compared to traditional currencies, are sometimes a little higher for Litecoin than for Bitcoin. Still, with both cryptocurrencies you are talking about cents, so it should not be an issue. Considering the benefits that you get, including speed and security, it is worth paying it.

Availability Around the World

Litecoin, like all other cryptocurrencies, knows nothing about geographical barriers and national borders. It is available to anyone anywhere with internet access. That being said, you still need to make sure that there are poker sites accepting Litecoin available in your country. Moreover, get informed about the laws and taxes regarding cryptocurrencies in your country, as some countries in the world regulate this area (e.g. South Korea, Japan, China…).

Litecoin Poker

Dangers of Playing on Litecoin Poker Sites

Even though Litecoin is encrypted and much safer than the traditional methods of payment, where there is a will, there is a way. That is why we are creating this guide and a list of reputable Litecoin poker sites, to help you protect yourself.

Best Litecoin Poker

Having your poker site account hacked and your Litecoin assets stolen is a real possibility. Therefore, always make sure to use a unique and strong password. You should also try to find out as much as you can about the poker site’s reimbursement policy. Even though this possibility is really small, it is better to be safe than sorry.

Litecoin Poker App

A much greater danger are the sites themselves. Reading user reviews will give you a great perspective of what you can expect from a specific website. It is not unusual to read that a certain poker site refused to approve a withdrawal because of a makeshift reason. In that case, your money will be stuck because you will have no means to fight.

Litecoin Poker Tournaments

Moreover, poker sites come and go. When they go, they take your cryptocurrency with themselves. So, be careful around new websites that do not have any online reviews available. Try to avoid them as much as you can and only bet your money in a safe way.

Check out the most frequently asked questions about playing poker with Litecoin below and our quick answers to them!