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Litecoin is similar to Bitcoin, a cryptocurrency. Litecoin is an open-source peer-to-peer cryptocurrency, a form of virtual money which only exists in the digital space. However, Litecoin has started to be accepted at several online casino websites. Litecoin started in 2011 and is a fully decentralized payment network without any involvement from a bank.

You may not have heard of Litecoin in comparison to Bitcoin, but Litecoin is becoming quite recognized in the online space. More and more people are using it for digital purchases, online shopping and to fund real money betting activities at Internet casinos. Litecoin is acquired the same way that Bitcoin are, via a digital mining process. Litecoins can also be bought with traditional currency.

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