Litecoin Wallets and Exchange at Casinos Online in Canada
If you want to gamble for your Litecoin, you must make sure that your funds are safe, both at casino, and on your side. When you check the casino, find out if they store the digital coins on cold storages, to be on the safe side. Next, make sure that your coins are also safe.
Before you have a casino account, you need an online wallet. You have to buy Litecoins and have them in the wallet; from the wallet, you deposit some to the casino site to make bets. When you order a withdrawal, the funds will arrive on your wallet account. Don’t keep all funds on casino balance; neither should you keep them all in online wallet. Cold storage is the best option for bigger sums of digital currencies.
At the time of writing, the best online wallets for LTC are Ledger Nano X, Ledger Nano S, Trezor T, Electrum, Atomic Wallet, Exodus, Litecoin Core, LoafWallet, Jaxx.
Laws and Regulations for Litecoin Casino Players
Litecoin enjoys almost the same situation as Bitcoin in the niche of online gambling, but has even less regulations. Few countries have regulations for any cryptocurrencies; many simply ban them altogether; other countries still do not address this issue for now due to lack of data and resources. Even fewer jurisdictions are able to handle each digital currency separately, considering their differences.
Canada is not an exception. There are no regulations for online gambling with crypto, particularly with Litecoin. Therefore, such gambling cannot be held illegal, as it was not officially prohibited. As a result, many canadian punters enjoy trouble-free and successful betting with the help of LTC.