Best Litecoin Casino Sites
When it comes to price, volume and capitalisation, Litecoin is smaller than Bitcoin. But it still holds its own in the cryptocurrency market. Litecoin casinos operate pretty much the same way as Bitcoin and Ethereum casinos. With crypto casinos on the rise, finding the best Litecoin casinos can be terrifying. But don’t stress. Our team of experts at Crypto Casinos has done the hard work for you. Here’s our list of the best Litecoin casinos around.
Can I deposit and withdraw with Litecoin?
Litecoin uses a different protocol for encrypting transactions at the blockchain, which means you can enjoy faster transactions when banking at Litecoin casinos. Instead of waiting anywhere up to 30 minutes or more at a time, Litecoin transactions take just a few seconds. Overall transaction fees are smaller, too.
Some of the newer Litecoin casinos dodge getting online gambling licenses, arguing that they don’t need licenses to make transactions with cryptocurrencies. This is where you need to be careful. In our Litecoin casino reviews, you’ll only find verified sites that accept the cryptocurrency, so you don’t have to worry about not getting your winnings.
🙋 Litecoin Casino FAQ
Frequently asked questions about Litecoin Casinos
Is it legal to play at Litecoin casinos?
You bet it is! LTC casinos are perfectly legal since LTC is a recognised and reputable cryptocurrency with a worldwide following. Just be sure to pick a legitimate, licensed site from our top list of the best Litecoin casinos.
Is it safe to play at online casinos with Litecoin?
Definitely. Litecoin is a cryptocurrency that operates over blockchain technology. This gives you transparency and privacy, along with a high level of security. Every online casino transaction you make maintains your anonymity, so there’s no chance of identity theft.
What is the minimum deposit amount at a Litecoin casino?
Litecoin itself doesn’t have any deposit or withdrawal limits when you play online. But Litecoin casinos usually do have limits when it comes to minimum and maximum deposits and withdrawals. Check with the casino before you decide to sign up.
Where can I find the best Litecoin casino sites?
The best Litecoin casinos are the reputably licensed platforms that accept LTC deposits and withdrawals. They also affiliate themselves with top-notch game developers. Our top list of LTC casinos is your best place for finding a cryptocurrency that suits you.
Are there any fees involved when you gamble online with Litecoin?
There is a minimal fee that’s used to cover mining costs for encryption purposes. But it’s much smaller than Bitcoin’s fee. Just remember to account for it when making deposits at Litecoin casinos. Also, keep in mind that online casinos often charge fees for processing withdrawals.
Can I claim bonuses when I play with Litecoin?
Definitely! Most of the top LTC casinos offer players the usual bonuses and promotions you’d find at other online casinos. This includes welcome bonuses, free spins, cashback and loyalty schemes. Always take a look at the bonus’s terms, conditions and wagering requirements before redeeming it to make sure you can meet the requirements.
Can I deposit Litecoin at mobile casinos?
You sure can. All the casinos on our list of the best Litecoin casinos can be played on mobile devices through an app or browser. You can even download a mobile wallet so you can manage your Litecoin conveniently on the go.
What alternatives are there to Litecoin?
There are several cryptocurrency alternatives to LTC for online gambling. The most popular options are Ethereum and Bitcoin, but there’s also Ripple, Dash and Monero. It’s all about choosing a cryptocurrency that suits your gaming needs and your gambling budget.
Deposit with Litecoin
Making deposits at the best LTC casinos is as easy as using a credit card or e-wallets, only faster and safer. All you need to do is find a casino with Litecoin from our recommended list of the best Litecoin casinos and sign up. Once you’ve verified your registration, click over to the cashier and choose LTC as your payment method.
You can then click on the LTC option and transfer LTC from your wallet to the casino’s wallet using the address the platform gives you. Confirm the amount you’re depositing into your casino account and that’s it. It takes just a few seconds for the funds to appear in your casino account and you can start playing casino games.
Withdraw with Litecoin
Withdrawing your casino winnings at LTC casinos works pretty much the same way. You head over to the casino’s cashier and enter how much you’d like to withdraw to your wallet. While Litecoin operates on an independent blockchain from other cryptocurrencies, you can still enjoy secure withdrawals and faster processing times.
While Litecoin deposits are instant, though, withdrawals can take a little longer depending on the casino. Different LTC casinos have different processing times, which is the information we include in our reviews of the best Litecoin casino sites.
We love that there are no deposit and withdrawal transaction fees involved when playing at Litecoin casinos. There are fees, though, on the blockchain for processing casino transactions. The crypto miners take a commission from your deposit or withdrawal directly, so keep this in mind when banking at your best Litecoin casino site.
The average transaction fee on the LTC blockchain is about 10 cents, which when you think about it, is a lot lower than fees for a credit card deposit, which can be anywhere from 4% or more. Bank wire transfers usually cost more and can take between 5 to 7 business days to clear.
Step by Step Guide to Getting Started at Litecoin Casinos
If you’ve never played at Litecoin casinos, you might be in the dark when it comes to using the cryptocurrency at a casino with Litecoin. The good news is that it isn’t as difficult as it may sound. The most important thing is to choose a web wallet and trustworthy Litecoin exchange.
Choose Your Wallet
Select a reputable service to store your cryptocurrency. There are plenty of options out there, so just do some research before you make a decision.
Purchase Your Litecoin
The next step is to choose a cryptocurrency exchange to buy LTC. You can purchase Litecoin using a bank account or credit card.
Choose an Online Casino
Take a look through our top list of Litecoin casinos and pick one that suits your gaming and budget needs. Click the Sign Up or Join button to register a new player account and confirm your details.
Make a Litecoin Deposit
Now you can log into your new casino account and head over to the cashier. Select Litecoin as your preferred payment option and enter how much you’d like to use to fund your casino account.
You’ll receive the casino’s wallet number, which you need to enter in your Litecoin wallet and confirm the transaction.
Transfers from your web wallet to LTC casinos are instant, but at worst you could wait an hour or two for your funds to reflect in your casino account.
Play Real Money Casino Games
You’re ready to start playing casino games for real money. Remember if you accept a bonus at LTC casinos, you must clear the wagering requirement before withdrawing bonus funds or winnings. We usually include these details in our reviews of the best Litecoin casino sites.
Upsides and Downsides with Litecoin
There are plenty of upsides and very few downsides to playing at Litecoin casinos. Let’s look at the advantages first.
Security – blockchain technology is one of the safest payment options around. When you bank at Litecoin casinos, you’re adding an additional layer of security to your transactions, keeping your money safe.
Anonymity – Litecoin transactions are always anonymous since their wallet number is public, rather than displaying your personal details. It means you can play at the best Litecoin casinos without anyone tracking your gambling habits.
Lower fees – LTC transaction fees are much lower than those you’d pay for most traditional banking methods, and even some cryptocurrencies. Even if the difference is a few cents here and there, all those savings add up.
Speedy withdrawals – Litecoin is an independent entity, with no affiliation to banks. Transactions made at Litecoin casinos are done via a decentralised network that can’t tell between business days or weekends. That’s why transactions are much faster. In fact, they’re 4x faster than Bitcoin transactions.
Generous bonuses – modern online casinos realise that payment methods like cryptocurrency save them a great deal of money and time. So, you’re sure to find bigger bonuses at Litecoin casinos, which extend your bankroll, your gaming pleasure and your chances of winning.
With all that in mind, are there really any downfalls to playing at Litecoin casinos? There are a few we want to point out.
Not available at all casinos – while there are more and more LTC casinos popping up, they still fall within a minority of the gambling market. The good news is that we’re seeing more traditional online casinos and cryptocurrency casinos adding Litecoin to their accepted payment methods.
Licensing issues – there are a few cryptocurrency online casinos out there that are not properly licensed, including Litecoin casinos. That puts you and your funds at risk. That’s why we only ever recommend reputable, licensed LTC casinos that hold licenses from trustworthy regulatory bodies.
Can’t play in LTC – most of the cryptocurrency casino sites don’t let you play using LTC. So, you can fund your account with Litecoin, which is then converted to a fiat currency for betting. That’s why you need a legitimate web wallet. In this case, the casino receives your funds in another currency or exchanges the LTC itself. This means exchange rates at Litecoin casinos aren’t always the best.
The volatility – on the whole, cryptocurrencies are incredibly volatile. Your LTC’s worth can fluctuate from one hour to the next, which makes some players concerned that the amount they deposit at Litecoin casinos might not be valid for very long.
Often referred to as LTC, Litecoin is a digital cryptocurrency. When it was designed in 2011, it was practically a copy of its counterpart, Bitcoin, but it now solves a few problems Bitcoin users face. Developers originally decided that there would only be 84 million Litecoins produced, ever. To date, already more than 65,000,000 Litecoins have hit the market, attributing to the cryptocurrency’s popularity.
MIT graduate and former Coinbase and Google employee, Charlie Lee developed Litecoin in 2011, but it didn’t launch until a few years later. He is still the head of the foundation to this day, but he did sell his LTC holdings at the end of 2017 due to an interesting conflict of interest.
Charlie’s brother, Bobby Lee, heads up Hong Kong’s bitcoin exchange, called BTC China. Charlie has told the press he never intended to compete with Bitcoin, having designed Litecoin in his spare time one day while working at Google.
Charlie left Google in 2013 for Coinbase and launched Litecoin the same year. In just two years, LITC reached the $1 billion market capitalisation point. During his time at Coinbase, Lee played around with Segregated Witness protocol, coming up with Lightening Transactions, which is how you can enjoy super-fast processing times at Litecoin casinos.
Today, many players prefer LTC casinos to Bitcoin options because the transactions are so much faster. What’s more, the cryptocurrency’s mining distribution method is considerably fairer than Bitcoin’s.
Like other cryptocurrencies, Litecoin’s value goes up and down. Theoretically, 84 million LTC are possible, giving this cryptocurrency more liquidity than Bitcoin. With just over 60 million LTC mined to date, there’s plenty of room for growth in the realm of Litecoin casinos online.
Best of all, we’ve spent time finding the best Litecoin casinos for you, so you can get on with important matters, like purchasing LTC and playing your favourite online casino slots, table games and more.