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 Litecoin’s 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 you’ll 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 that’s needed is a wallet address. That means your personal and financial details are hidden and there’s 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. It’s 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, it’s undeniable that there are some downsides too:
1. Litecoin conversion rates
If you’re 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 it’s the drops in value that are likely to make the sweat pour from a player’s 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, I’d always advise you not to gamble more than you can afford to lose. That way, it won’t matter if your money’s value changes slightly.
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How to bet with Litecoin
Using Litecoin in place of your normal currency couldn’t really be easier. Let’s start off by looking at how you’ll make a deposit.
Making Litecoin deposits
- Log into your chosen sportsbook or betting site and make your way to the ‘deposit’ section. Out of the list of
online betting deposit methods, select Litecoin.
- To do this, you’ll 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 you’d 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 ‘Cashier’ section of your chosen site.
- Press ‘withdraw’ and enter the amount of Litecoin you’d like.
- Input your wallet address and check it through to make sure there are no mistakes.
- Click ‘confirm’ and your funds should be with you very quickly.
Illuminated Litecoin betting – tips to play like an expert?
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, I’ve 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 you’re new to crypto betting.
The important thing is to be aware of market fluctuations but don’t 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 shouldn’t 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 aren’t winners and, in that situation, it’s better to walk away and try again another time.
Switch on your welcome bonus
So you’ve used my guide to find your ideal casino or sportsbook and you’re getting ready to join. Now’s 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 promo’s 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 I’m 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 you’re 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 you’re a first timer to Litecoin gaming.
Licensing
As we’ve 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 can’t always offer the same breadth of markets but I think you’ll be pleasantly surprised with what you find. All major sports are covered and there’s 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 shouldn’t 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 couldn’t be happier. The lite-ning fast transactions are a boon when you’re playing at a casino but an absolute lifesaver if you’re making live bets on a crypto sportsbook. The extra security is also a big plus.
Whether you’re completely new to Litecoin betting, or you’ve tried a site and you’re looking to expand your horizons, my onsite banners pull together the de facto best selection of
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Litecoin betting
sites FAQs
?? 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 don’t 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.
?? 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 that’s less of a handshake, more of a smooch. And that’s exactly what you’ll find at all the sites listed on this page.
?? 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 you’ll 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.
