KYC and Litecoin
Litecoin casinos from our top list are fully regulated and provide all the safety requirements, ensuring kiwi players can enjoy spinning pokies without any safety concerns. Just like the top Bitcoin casinos, Litecoin casinos have a high level of anonymity but be prepared for some necessary procedures. Here’s what the KYC process at a regulated Litecoin gambling site in New Zealand might include:
- Photo ID: Sometimes you’ll need to provide a government-issued document like an identification card, passport, or driver’s license. This is to match personal details with the registration info you provided for the casino account.
- Utility Bill: Some casinos might ask for a recent utility bill (such as electricity, water, or gas) to verify your current residence, as this could be a limiting factor for certain bonuses or games at Litecoin casinos.
- Proof of Ownership: Instead of a card scan that you might expect with some other online casino payment methods like debit or credit card, these casinos may request proof that you own the crypto wallet you’ve been using for the games.
- Bank Statement: If your Litecoin transfers are funded by or linked to a bank account, a recent bank statement may be necessary.
Alternative Payment Methods Verification: You might be putting down your deposits through e-wallets like Neteller or Skrill, therefore, some casinos could ask you to prove how the e-wallet is funded with a bank statement, so they make sure everything is above board and no risky business, like money laundering, is involved.
Conclusion
In conclusion, Litecoin’s edge over Bitcoin lies in its speed—an advantage Kiwi players will appreciate if they want to spend more of their time in the games section. Even though there are certain limits on transactions, the transactions are faster and the fees are lower. We’re sure crypto enthusiasts will also appreciate that Litecoin casinos offer a secure environment and the opportunity to enjoy a wide range of casino games.