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Utilize Litecoin for Speedy Transactions

What is Litecoin (LTC)?

Litecoin, often referred to as the "silver to Bitcoin's gold," was introduced by Charlie Lee in 2011 as a peer-to-peer cryptocurrency. While sharing the foundational technology of Bitcoin, Litecoin distinguishes itself with faster transaction confirmations, thanks to its shorter block generation times.

Utilizing the Scrypt hashing algorithm, Litecoin enhances security and facilitates more efficient mining. The popularity of Litecoin is rooted in its secure and efficient blockchain, making it an optimal choice for users seeking to elevate their online gaming experience.

Its swift transaction processing makes it ideal for time-sensitive activities. In the subsequent sections, we'll delve into the steps to acquire Litecoin and explore its advantages over other cryptocurrencies, such as DOGE and BTC, particularly in the context of depositing and withdrawing funds on platforms like BitOfGold. Get ready for a journey where Litecoin and BitOfGold converge to redefine your online gaming adventure.

HOW TO BUY LITECOIN WITH A CREDIT CARD

If you would like to buy Litecoin but do not have enough expertise in the field, you can follow the steps mentioned below to purchase Litecoin with your credit or debit card.

01. First of all, start by downloading the Atomic wallet, and make sure that it is the latest version:

02. From the menu on the left, scroll down and pick “ Buy Crypto”

Once you do that, enter the USD amount that you would like to use to buy a certain amount of Litecoin.
Then, pick LTC as an exchange pair for your USD/EUR
As soon as you add the USD amount, you will see how much Litecoin you can buy with that amount.
Then, set the amount and click on to “ Continue” Button.

Fill out your personal information on the next window that will appear after you click “ Continue.”
Enter your personal details, such as your, Name, Surname, Email address, Birth date, Billing Address and Your Bank Card Credentials

Verify your email address and phone number

Enter your payment details and click “Pay Now.”

Enter the 3D Secure code that you will receive, and click on the “submit” button

Fill out the security standards form and make sure that you attach a scan of your documents (ID Card, Passport) and then click on upload.

After that, your payment request will be processed.

Here, you need to click the “ Return to Atomic Wallet” button and switch to the “History” tab to check your transaction.

Now everything is ready, if you want to deposit some Litecoin to your BitOfGold Account, just follow these steps:

Depositing with LTC

Select the coin you want to send in the 'Wallet' tab of Atomic Wallet:

Click 'Send'
Paste the receiving address into the field (the address that you copied on the BitOfGold account once you click on “deposit with litecoin”)
Enter the amount you want to send
Once you're done, click 'Send'
Enter your password and click 'Confirm'.

So, in a few minutes, you will receive your funds in your BitOfGold wallet and be able to transfer credits to any platform that you would like to play at.

Withdrawing with LTC

On the other hand, if you would like to withdraw your funds with Litecoin, follow these steps:

Add your Litecoin wallet address to your profile
Click on the “Withdrawal” button
Fill out the necessary fields and indicate the platform which you are withdrawing from and the amount of withdrawal
Then, “ click on “Send Verification” and enter the verification code that you received to the respect
Once the request is sent, the BitOfGold team will analyze it and confirm
Then, you will receive your funds in your LTC wallet

How to Buy Litecoin on Centralized Exchanges

Investing in Litecoin has never been easier! BitOfGold makes it simple to acquire Litecoin and kickstart your journey into the world of online betting. Follow these easy steps to purchase Litecoin:

Create a Wallet: Before buying Litecoin, you'll need a secure wallet to store your digital assets. Choose from various wallets available online and ensure they align with your preferences for security and accessibility.
Choose a Cryptocurrency Exchange: Select a reliable cryptocurrency exchange to buy Litecoin. Popular exchanges include Coinbase, Binance, and Kraken. Create an account, complete the verification process, and link your payment method.
Purchase Litecoin: Once your exchange account is set up, navigate to the buying section, choose Litecoin, and enter the amount you wish to purchase. Confirm the transaction, and voila! You're now a proud owner of Litecoin.

Advantages of Using Litecoin Over DOGE and BTC:

Litecoin comes with a set of advantages that sets it apart from other cryptocurrencies like DOGE and BTC:

Speedy Transactions: Litecoin boasts faster block generation times than Bitcoin, ensuring quicker transaction confirmations. This is especially advantageous when engaging in time-sensitive activities like online casino gaming.
Lower Transaction Fees: Enjoy cost-effective transactions with Litecoin. Its lower transaction fees make it a more economical choice for small and large transactions than Bitcoin.
Scalability: Litecoin's scalability is a key advantage. As the network is capable of handling a higher volume of transactions, users experience smoother and more efficient processing.
Secure and Reliable: Built on a secure blockchain, Litecoin provides a robust and reliable platform for online transactions. Its longevity in the cryptocurrency space underscores its dependability.

Litecoin opens the door to a seamless and efficient online betting experience. With BitOfGold, the integration of Litecoin ensures you can enjoy the advantages of quick transactions, lower fees, and enhanced scalability. Elevate your gaming journey – start using Litecoin on BitOfGold today!