What is
Litecoin betting?
Litecoin was created in 2011 by Charlie Lee, a former Google employee. It shares many similarities with Bitcoin, and was built using some of the same code, albeit with a few changes to make it even quicker and safer. One of these was the size of the blocks used on Litecoinâs blockchain. The larger size means transactions can be processed faster and are significantly cheaper than Bitcoin too.
Since around 2014, Litecoin use at crypto casinos has seen a big growth. But what exactly is a crypto casino? They can fall into 2 categories:
- Mainstream online casinos that accept Litecoin as a payment method alongside others such as debit cards and credit cards,
- Crypto specific casinos.
| Betting sites that accept Litecoin | Crypto casinos |
| Payment methods | Litecoin is accepted alongside other traditional methods, such as credit cards and PayPal. | Built on the blockchain so they are completely set up for handling crypto transactions. |
| Games | Wide selection of casino games, from slots to live dealer games. | Crypto casinos also offer slots, table, and live dealer games. They also have crypto specific games with Provably Fair Technology which means that a player can check the outcome of any game at any time. |
| Bonuses | Bonuses will be displayed in fiat currency, and youâll have to search through the terms to find the crypto equivalents. | Bonuses will be usually expressed in fiat for convenience, with a crypto equivalent close by. Crypto bonuses typically have higher values. |
Pros of
LTC betting
1. Safety first
The main advantage of
crypto betting sites
is the safety they offer. Transactions are completed on the blockchain and all thatâs needed is a wallet address. That means your personal and financial details are hidden and thereâs no risk of interference from outside forces.
One of the lesser known pros of LTC betting sites is the thriving social community. Many betting platforms have a forum where like minded people can come together to chat while they play
3. Quick transactions
Deposits and withdrawals made using Litecoin are incredibly fast, potentially even instant. In fact, they can be quicker than other types of cryptocurrency, including Bitcoin.
As an example, one Bitcoin block transaction takes about 6 minutes to be processed whereas DogeCoin can do it in 2.5. Itâs also much cheaper than Bitcoin, so transaction fees are lower or non-existent.
What are the risks of playing at
Litecoin betting sites online?
While Litecoin does have a lot of benefits, itâs undeniable that there are some downsides too:
1. Litecoin conversion rates
If youâre using a crypto exchange to purchase Litecoin then there will be a fee attached.
2. Variable values
As with all forms of currency, the value of Litecoin can change. If it goes up then happy days, but itâs the drops in value that are likely to make the sweat pour from a playerâs brow.
But, this is not unique to Litecoin, or any other crypto coin. The value of fiat currency, such as the US dollar or the GB pound, can also vary. To protect yourself against these shifts in value, Iâd always advise you not to gamble more than you can afford to lose. That way, it wonât matter if your moneyâs value changes slightly.
Don’t miss out on these premier crypto betting bonuses
How to bet with Litecoin
Using Litecoin in place of your normal currency couldnât really be easier. Letâs start off by looking at how youâll make a deposit.
Making Litecoin deposits
- Log into your chosen sportsbook or betting site and make your way to the âdepositâ section. Out of the list of
online betting deposit methods, select Litecoin.
- To do this, youâll need to have an external Litecoin wallet set up but this is also a straightforward process and there are lots to choose from. Some crypto casinos may also let you purchase Litecoin using an app such as MoonPay.
- Type in the amount youâd like to deposit. Then copy the address that appears and paste it into your crypto wallet.
- Confirm your transaction and your funds will swoop into your account ready to play with.
Making withdrawals
- Head to the âCashierâ section of your chosen site.
- Press âwithdrawâ and enter the amount of Litecoin youâd like.
- Input your wallet address and check it through to make sure there are no mistakes.
- Click âconfirmâ and your funds should be with you very quickly.
Illuminated Litecoin betting – tips to play like an expertÂ
Successful gambling with Litecoin is about more than turning over the ace to make a royal flush, or hitting the max win on a slot game. To help you have a consistently positive experience, Iâve put together some pro tips:
The best way to guarantee your safety while betting with LTC is to choose a reputable site. All of the betting sites on my banners are fully licensed and have layers of security features to keep your details private.
Be aware of market fluctuations
The value of an individual Litecoin can go up and down on any given day. Unlike fiat currencies, there seems to be more of a spotlight on the fluctuations in cryptocurrencies which can cause worry, particularly if youâre new to crypto betting.
The important thing is to be aware of market fluctuations but donât let them ruin your day. There may be points when Litecoin is worth more or less, but keeping to a steady limit will mean you shouldnât have to worry about these variations.
Before you drop your LTC into your casino account, be aware that you might have to pay a fee. There may also be a minimum amount required for a deposit, below which a fee may apply.
Not as many crypto casinos charge you for withdrawals but keep in mind also that there may be a limit on the amount of Litecoin you can withdraw in one go, or during one 24 hour period.
Know when to leave the virtual table
One of the best tips I can give you is to treat Litecoin gambling exactly like playing at an ordinary casino or sportsbook. Some days arenât winners and, in that situation, itâs better to walk away and try again another time.
Switch on your welcome bonus
So youâve used my guide to find your ideal casino or sportsbook and youâre getting ready to join. Nowâs the time to grab a welcome
crypto betting bonus
to supersize your funds and get your playing off to a great start.
Before you go any further though, just have a look at the promoâs terms and conditions in the following areas :
- The wagering requirements before your winnings can be withdrawn,
- Any time limits on using the bonus,
- Any restrictions on games.
Factors to bear in mind while picking
LTC betting sites
Whenever Iâm creating one of my guides to online betting, I use a surefire checklist to make sure that any site is reputable, trustworthy, and worthy of your time. These are the main features I look out for.
Support and help
Customer support can often be the difference between a good betting experience and a great betting experience. The best customer service is available 24/7 to deal with queries whatever time youâre playing and gives players lots of ways to get in touch with the casino team, including a live chat and email. This is especially significant if youâre a first timer to Litecoin gaming.
Licensing
As weâve established, all of the sites on my list are fully licensed to offer games to members, provided that those members meet any age or geographical restrictions.
Game selection and betting markets
All technical aspects aside, the biggest factor influencing your enjoyment is going to be the choice of games and betting markets. Sports betting sites with LTC canât always offer the same breadth of markets but I think youâll be pleasantly surprised with what you find. All major sports are covered and thereâs a fantastic range of bets. Just make sure your favourites are on the board before you sign up and you should be onto a winner.
On the casino floor too, the selection of games that you can play with Litecoin is pretty staggering (slots galore, a feast of table games, fun casual games, and live dealers) so you shouldnât struggle to find a site that gives you what you want.
Conclusion – Litecoin betting shows no signs of going dark
LTC betting sites are here to stay, and I for one couldnât be happier. The lite-ning fast transactions are a boon when youâre playing at a casino but an absolute lifesaver if youâre making live bets on a crypto sportsbook. The extra security is also a big plus.
Whether youâre completely new to Litecoin betting, or youâve tried a site and youâre looking to expand your horizons, my onsite banners pull together the de facto best selection of
Litecoin casinos
and sportsbooks anywhere on the web. You might even say theyâre a guiding lite!
Discover our must-see crypto bookmakers
Litecoin betting
sites FAQs
đȘ Is it safe to use Litecoin on betting sites?
As with all forms of currency, there are some risks to using Litecoin at a betting site but these are not particular to LTC. In fact, Litecoin has a major safety advantage over traditional payment methods because transactions are decentralised so donât rely on third parties, removing the risk of any hacking. Payments can also be much quicker, even compared to other crypto coins, such as Bitcoin.
đ What is the best Litecoin betting site for new players?
New players will be looking for an easy to use site with a smashing selection of games, and a welcome bonus thatâs less of a handshake, more of a smooch. And thatâs exactly what youâll find at all the sites listed on this page.
đ° Can you play slots using Litecoin?
Yes! You can use Litecoin to fund your account to use on casino games or sportsbook betting so that means youâll be able to play slots, table, and live dealer games. The best
Litecoin sports betting sites will also let you place bets as well as betting on your favourite team.
