Litecoin Casinos

Written by: Sadonna Price, OUSC Expert in Online Casinos and Poker

January 24, 2024

Litecoin is an online cryptocurrency that uses blockchain technology, much like Bitcoin. This crypto can be used at a growing number of online casinos and steadily becoming more popular. Our OUSC exclusive guide to Litecoin casinos discusses the online casino sites that accept this banking option, and the steps to make a deposit and payout.

These are some of the benefits of using Litecoin (LTC) deposits at online casinos:

Best Online Casinos 2024

Top Litecoin Casinos to Play Online

Are you looking for online casinos to play and bet with Litecoin? BetOnline, Wild Casino, and Sportsbetting.ag are our top recommended casinos that accept Litecoin as a payment method. Below you will find the deposit and payout limits, and the exclusive LTC bonus offer at each casino.

Top Online Casino Litecoin Bonuses

Make the most of your Litecoin deposits with some amazing online casino bonuses. The following US online casinos offer players generous crypto bonuses that include Litecoin.

Using Litecoin as a Payment Method at an Online Casino

If you haven’t used a cryptocurrency before, you might not know how to make a Litecoin payment. Follow the steps below to use LTC at your favorite online casino.

The first thing to remember is to choose a wallet, which works like a web wallet, and a Litecoin exchange, which is where you buy them in the first place. Luckily, we have recommendations for wallets and exchanges.

Getting an online casino payout with this method is also very quick and easy. Take a look at the steps below to learn how to make a Litecoin withdrawal.

How to Choose a Litecoin Online Casino

When choosing an online casino that accepts Litecoin, you need to consider how the deposit and withdrawal limits on LTC payments are. You want a cryptocurrency transaction to be quick and have the desired minimum and maximum limits.

Promotional bonuses that accept cryptocurrencies are important, along with the standard ways one evaluates online casinos (game selection, software). The OUSC team has made a list of everything you should consider from an LTC online casino.

Why Use Litecoin Deposits at Online Casinos?

Like any online casino payment method, Litecoin has its advantages and its drawbacks. The main challenge you’ll face is the lack of sites that accept this crypto. However, we solve that problem for you by recommending safe Litecoin casinos.

Litecoin Benefits

• Quick Transactions: Litecoin transactions are 4x faster than bitcoin. It is the fastest payment method for online gambling.
• Affordable: Litecoin’s all-time high value was $360.93, compared to over $18,000 for Bitcoin. Litecoin grew in value from $4.00 to $360.00 in only a year, and it stands to gain in value while you use it for online casino gaming.
• Not Tied to a Bank: Like other cryptocurrencies, it isn’t tied to a central bank. Fluctuations downward are possible. Instead, Litecoin’s value is based on its current trading value on exchanges like Bitfinex, GDAX, OKEx, and Coinbase.
• Private, Safe, and Secure: The reason people prefer blockchain payments is its combination of privacy, transparency, safety, and security. You can see every transaction but maintain your anonymity. Identity thieves can’t steal your information.

With those advantages, many players who prefer crypto casino deposits but are concerned about losing value with Bitcoin payments should consider this alternative. Because it was designed with Bitcoin pitfalls in mind, Litecoin is considered safer than its more famous cousin.

Today one of the major drawbacks we find is that it’s not accepted everywhere. Since Litecoin is still considered new, many online casinos do not support this method for deposits.

Top Online Casino Games to Play with Litecoin

Players that use Litecoin to bet at an online casino can play any of the games available. That is thanks to the fact that the casinos treat cryptos as real money. A few of the popular games that players enjoy more include:

Litecoin: Brief History

Charlie Lee, an MIT graduate and computer scientist who formerly worked for Google and Coinbase, created Litecoin (LTC) in 2011. To this day, Charlie Lee is the head of the Litecoin Foundation. However, he sold his LTC holdings in December 2017 to avoid a conflict of interest.

Lee’s brother, Bobby Lee, is head of the Hong Kong bitcoin exchange, BTC China. Charlie Lee said he did not intend to compete with Bitcoin, but designed Litecoin in his spare time at Google to help with small transactions.

Charlie Lee left Google in 2013 to work at Coinbase, which launched Litecoin that same year. By 2015, LTC reached a $1 billion market capitalization. While heading the Coinbase development team, Charlie Lee experimented with the Segregated Witness protocol and processed Lightning Transactions. Litecoin adopted these safeguards in 2017, well before Bitcoin did the same.

Many digital consumers prefer Litecoin to Bitcoin because its transactions are faster (2.5 minutes to 10 minutes), while LTC’s mining distribution method is fairer than Bitcoins.

Litecoin’s value fluctuates with supply and demand. With 84 million LTC theoretically possible, Litecoin has more liquidity than Bitcoin. With only 53 million LTC mined so far, the crypto-currency has room for growth.

Should You Use Litecoin at Online Casinos?

Litecoin is a popular cryptocurrency at US online casinos. It’s an excellent option for online players who want a banking method that is cheaper and faster than Bitcoin, while still getting the same safety features. Litecoin offers an anonymous transaction option, helping to keep your personal information secure.

When it comes to depositing at an online casino, both beginners and veteran players can benefit from Litecoin. Easily have access to funds, to begin enjoying your favorite online casino games as quickly as possible.