Understanding the Litecoin No Deposit Bonus
Charlie Lee invented the Litecoin payment service back in 2011. A computer scientist, Charlie Lee previously worked for Google and Coinbase. In December 2017, he sold his shares in Litecoin to avoid conflict of interest.
As of 2015, Litecoin's market capitalization had hit $1 billion. While Lee took charge of the Coinbase development team, he experimented with segregated witness protocol, resulting in a lightning-quick transaction being executed. Litecoin adopted this safeguard in 2017 while Bitcoin did the same later.
Away from the history of Litecoin, there are various no deposit offers that you can claim at casinos that accept this payment option. But before we look at them, keep in mind that these offers come with terms and conditions that you must meet before you can withdraw your winnings.
Types of Litecoin No Deposit Offers
Free spins are often offered at casinos that have the Litecoin payment method. Sometimes these risk-free bonuses come with other offers. Here is how free spins work:
For example, an online casino is giving new players 10 bonus spins on the slot Frankenslot's Monster. All you have to do is open your gaming account and fund it with some Litecoin. With your 10 bonus spins, you can win $50 which is added to your account balance.
Free cash doesn't come by often, but with a bonus code you can grab it without needing to deposit any cash. For instance, you can create a gaming account offering a $15 offer. Once you verify your email address, you get $15 in your account. If you win $100 with your free cash, the winnings are deposited in your account.
When it comes to promotions offered at Canadian online casinos, the importance of understanding a casino's terms and conditions can't be overemphasized.
Before claiming a particular offer, you should first understand its terms and conditions. There might be some unfavorable limitations attached which can really spoil your whole gambling experience at a casino that takes Litecoin.
There are three main limitations that may be included in the terms and conditions of a free cash/spins bonus at the gambling site that accepts Litecoin as a payment method, including:
Wagering requirements: These are perhaps the most significant restrictions that you should look out for when checking out the terms and conditions of an offer. For instance, if a $10 offer has a 20 times wagering requirement, you'll need to stake $200 before you're able to cash out your winnings. Thus, it's always wise to only claim bonuses with low playthrough requirements.
Time-frame: Your bonus can also have time-frames within which you can use it, otherwise you'll forfeit it.
Eligible games: There can also be a list of games you can play the bonus with. This basically means that you won't be able to play some of your beloved games with the bonus.
It's also worth keeping in mind that you can also be awarded a free cash/spins bonus simply for choosing this cryptocurrency for all of your gambling transactions.