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, along with the steps to make a deposit and payout.
These are some of the benefits of using Litecoin deposits at online casinos:
- 50 Times Cheaper
- 4 Times Faster
Litecoin Deposits at Online Casinos
Everything You Need to Know
Best Online Casinos 2020
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Top Litecoin Casinos to Play Online
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, as well as the exclusive LTC bonus offer at each casino.
BetOnline accepts and supports Litecoin payments from USA players. BetOnline Casino has a comprehensive gaming experience, as it’s an online casino with poker, live casino games, sports betting, horse betting, eSports, and financial wagers.
The $500 Crypto-Bonus has a minimum deposit limit of $20, while the bonus applies to Bitcoin, Bitcoin Cash, DASH, and Ethereum as well.
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Claim your $500 Crypto-Bonus today by signing up using the Code: CRYPTOBET. This promotion has a 14x playthrough.
Wild Casino is a US-friendly casino site that accepts Litecoin as a payment method. Payments usually happen within 2 hours, but usually within a few minutes. Payouts reach your Litecoin wallet within 48 hours, but usually within an hour.
Wild Casino charges no fee for LTC payments or other cryptocurrency withdrawals, which make it a much better choice than credit, debit, or gift cards (7.5% fee).
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SportsBetting.ag is a US-friendly online casino that takes Litecoin deposits. SportsBetting is a full sportsbook and racebook, while it has 181 online casino and live dealer games available for casino players.
The max time for crypto payments is 2 hours, but most deposits appear within a few minutes. Withdrawals take a little longer, with a max time of 48 hours, though most cashouts arrive in your e-wallet within an hour.
SportsBetting doesn’t charge a fee on Litecoin deposits, while a 7.5% fee applies to credit, debit, or gift cards deposits.
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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.
|BetOnline||50% up to $500||CRYPTOBET||Claim Now|
|SportsBetting||100% up to $1,000||100CRYPTO||Claim Now|
Using Litecoin as a Payment Method at an Online Casino
Players who haven’t used a crypto-currency payment before 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.
Making an Online Casino Deposit with Litecoin
Choose a Litecoin Wallet
Pick a trustworthy service which holds your Litecoin crypto-currency. BetOnline suggests one of three options: Loafwallet, Electrum, or Coinomi.
Buy Litecoin at an Exchange
Next, pick a top crypto-currency exchange to purchase your LTC. Once again, BetOnline and Wild Casino has recommendations: Coinbase.com, Bitstamp.net, and Kraken.com. You can make purchases using a credit card, bank account, or ACH.
Sign Up at an Online Casino
Choose a real money online casino for your crypto-currency gaming. Remember to pick a site which accepts Litecoin. Click “Sign Up” to join a site by filling in a registration form. Don’t forget to use your confirmation email.
Log In and Make a Deposit
Log in to the online casino account, then pick Litecoin as a payment method in your player dashboard page. Transfer some of the Litecoin from your wallet to the online casino. Deposits take a maximum of 2 hours but usually take a few minutes.
Play for Real Money
Now you have Litecoin in your online casino account. Remember to accept your Crypto-Bonus and wager on sports betting to clear your requirement. Wild Casino and BetOnline require players to email a coupon code to activate a bonus, so contact customer support when signing up.
Receiving an Online Casino Payout with Litecoin
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.
Making an Online Casino Withdrawal with Litecoin
From the home page, click on the Cashier section and select withdrawal.
Add the Withdrawal Amount
Click on Litecoin as your payout request method and add the amount you wish to withdraw in the Amount box on the top right.
Transfer Funds to LTC Wallet
You will need to fill in your Litecoin address and any other instructions. You will also need to verify your payout request. Click confirm via a telephone call or confirm via email. Once you are ready click submit.
Receive Your Money in 48 Hours
Click Submit to begin the confirmation and withdrawal process. Litecoin will provide money into your wallet in a 48-hour time frame but it will usually appear in your wallet within two hours.
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 crypto-currency payment to be quick and be able to handle the size of your transactions, whether they are small or large.
Promotional bonuses that accept crypto-currencies 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.
Deposit Times and Limits
Withdrawal Times and Limits
Litecoin Exchanges Accepted
Litecoin Wallets Accepted
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, but we solve that problem for you by recommending safe Litecoin casinos.
- Quick Transactions: Litecoin transactions are 4x faster than bitcoin. This is the fastest payment method in 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 the pitfalls of Bitcoin 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 that Can Be Played using Litecoin
Players that use Litecoin to bet at an online casino are able to play any of the games available. This 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, though 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.
Litecoin’s Growing Popularity
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 is based on a balanced combination of scarcity and marketing liquidity. 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 a great 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, so you can begin enjoying your favorite online casino games as quickly as possible.
Litecoin Online Casino Deposit Method – Players Also Asked
How do Litecoin deposits at online casinos work?
Choose a Litecoin wallet that will hold your cryptocurrency, such as Electrum, Coinomi or Loafwallet. Buy Litecoin via an exchange like Bitstamp.net or Coinbase.com. Once you have your Litecoin ready, you can then choose to deposit via this method. Transfer Litecoin and in a few minutes, no longer than two hours, your account will be funded.
Is it safe to make online Litecoin deposits at casino sites?
With Litecoin, you are using a cryptocurrency that operates via blockchain. Such payments provide a combination of privacy and transparency along with security. Every transaction maintains player anonymity so that personal information is impossible to steal.
Which US online casinos accept Litecoin deposits?