Litecoin is hot on the heels of BTC, winning plaudits for its rock-solid security and rapid transaction speeds. The question is, should you make the switch to an Litecoin betting site?
That’s a question we hope to answer in-depth as part of our complete Litecoin gaming guide. Our experts are here to give you the 4-1-1 on how to successfully use LTC at online casinos and sportsbooks.
Before we launch into our list of the best crypto betting and crypto betting bonus sites that accept LTC, it’s worth finding out a little more about what Litecoin is, where it came from, and how it works. This isn’t Bitcoin, after all, and many players may have never encountered LTC before.
Litecoin was created in 2011 as a direct result of the perceived over-centralisation of Bitcoin. Its creator, Charlie Lee, sought to develop a currency that pushed the envelope of high-calibre crypto security that in turn as helped spawn a rise in Bitcoin betting sites.
Unlike other cryptocurrencies, LTC isn’t mined by individuals but by organised groups. This allows for stronger security and oversight. The currency also uses a unique hashing algorithm known as Scrypt, which is considered significantly more robust than the SHA-256 encryption used by other forms of crypto.
If you currently rely on fiat to play casino games and back your favourite sports teams online, you may be reticent about the notion of switching to a cryptocurrency like Litecoin. But there are lots of reasons why it’s a good idea, as our LTC pros and cons guide illustrates…
If you’re seriously considering making the switch to a Litecoin casino, here are some of the key things to bear in mind that will help you find the right brand for you…
I have found that there are plenty of Litecoin betting sites out there, but that some are definitely better than others. So why not take a short-cut and just check out the banners on this page to see the best Litecoin bookmakers on the market.
Remember that each of these betting sites has been checked to make sure that they accept Litecoin payments and that they put on great betting odds for pretty much every sport. Plus it’s worth noting that these LTC betting sites will all be available in your location to give you a legal and safe way to play. Perfect for some superior Litecoin betting.
Before you join a crypto betting site, it’s worth knowing how to get started using LTC. Although the LTC transaction process can differ between different brands, it generally includes similar steps, including…
|Worth Noting 🚨
|Step 1: Purchase LTC
|You can purchase LTC from a variety of reputable crypto exchanges. You’ll also need to download an LTC wallet on your preferred device for storing the currency.
|Step 2: Sign up at your elected LTC betting site
|Create an account on your chosen LTC betting site, being sure to add any promo codes when prompted to redeem welcome bonuses.
|Step 3: Deposit LTC funds
|Visit the payments page and choose LTC as your preferred currency. Scan the QR code to link your account with your LTC wallet, before following the steps to add funds instantly.
|Step 4: Play games and place sports bets
|Now for the fun part: using LTC to play casino games or place bets on your favourite sports teams. Check the brand’s T&Cs for wagering requirements and limits before you consider withdrawing your winnings.
|Step 5: Reverse the process to withdraw LTC
|When you want to withdraw LTC, simply return to the payments page, tap withdrawal, and reverse the steps above to retrieve the funds from your account.
While Bitcoin (BTC) remains the go-to cryptocurrency for most online gamers, there is an argument to be made for switching to Litecoin. The currency offers a level of security unmatched by virtually all other forms of crypto, making it an excellent choice for those who prioritise safety and privacy.
Of course, as with any crypto, you do need to remain aware of the risks when switching to a currency like LTC. Price volatility coupled with constantly shifting compliance goalposts mean that caution is always advised when purchasing and using Litecoin.
OK, so you’ve got your heart set on using LTC for your betting payments. However, it’s important to remember that all of the betting sites featured in the banners of this page will host a variety of other crypto coins. Plus you will probably find plenty of regular fiat payment options too. So be sure to consider these alternative payment methods before you make your first Litecoin deposit:
These are widespread at betting sites and brands like Visa and Mastercard let you make instant deposits with the highest levels of security. Just note that card withdrawals can be relatively slow.
You might also see some ewallets like PayPal, Payz, Skrill, Neteller and Ethereum betting sites featured at these betting sites. These offer you a fast and convenient way to fund your bets, although your deposits might not quality for some welcome offers.
A big part of the appeal of using prepaid cards like Paysafecard is the fact that you can just purchase a preloaded card and then use it to make a deposit with no further information from yourself. The downside? No withdrawals are possible with a prepaid card.
It might seem quaint to use a bank transfer for online betting, and while those processing times are painfully slow, at least you’ll benefit from high limits and security.
Sure! Several casinos now accept Litecoin, including those found in the banners on this page. There are restrictions on using Litecoin in certain countries and jurisdictions, however, so it’s up to you to find a brand that offers legal Litecoin betting where you live.
Most LTC sports betting sites are no different from their fiat-financed counterparts, meaning bettors can expect a variety of regular bonuses and promotions as you would also expect at any reputable crypto casino bonus. Typical promos to look for include deposit-match deals, free bets, and ACCA boosts.
Litecoin is renowned for its robust security and rock-solid encryption. However, players will need to exercise caution in finding reputable betting sites with all the proper licenses and credentials.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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