Online Litecoin Casinos
Litecoin Online Casinos
Litecoin is one of the most popular cryptocurrencies in the world. It’s currently located in 10th place on CoinMarketCap, with a total market cap of $3.06 billion. It was one of Bitcoin’s first alternatives, offering a faster and more efficient way to make transactions on the chain.
This crypto name was not chosen arbitrarily, as its creator, Charlie Lee, wanted to offer a “lighter” version of BTC that is faster and cheaper than Bitcoin. Although it never managed to reach digital gold’s popularity, it’s still widely regarded as digital silver by crypto enthusiasts.
If you want to make Litecoin online casinos deposits, you’re on the right page. In this article, we’ll help you choose the best online casino that accepts the popular cryptocurrency. Read on!
How to Choose an Online Litecoin Casino?
Please pay attention to the following items when choosing the best online casinos that take Litecoin deposits for USA players. We’ll briefly explain each of them to help you get an idea of what matters the most when someone wants to play real-money games with LTC.
Deposit & Withdrawal Limits
One of the reasons online casino players love Litecoin (and other cryptocurrencies) is that it doesn’t have transaction limits. Essentially, you can send as much LTC as you want to anyone, but not to casinos.
Online gambling platforms still impose limits on how much you can deposit or withdraw within a given timeframe, and you want to choose the one that suits you the most. In an ideal scenario, the platform of your choice will have low minimum and high maximum limits, giving you more freedom when choosing how much you want to deposit or withdraw.
Deposit & Withdrawal Time
Both players and online casinos have the same goal in mind — to make online transactions as fast as possible. Casino operators couldn’t have wished for a better deposit method than LTC, as it takes only up to a minute for the transaction to be processed (the average speed is just 4.6 seconds).
However, you need to pay attention to withdrawal pending time. Every casino needs time to review your withdrawal request, and this can vary from a couple of hours to a couple of days. Please check the average pending time of the casino of your choice before joining it.
Offer of Games
Casinos offer all sorts of games nowadays. Most online gambling platforms include slots, baccarat, blackjack, roulette, video poker, live dealer games, and more. However, some games are simply better than others, so make sure to check the list of available games and their providers. The idea is to choose the casino that offers games you like and that they come from reputable providers.
Many online casinos are available on the go either as an app or as a browser-based platform. No matter which casino you select, it will probably be available on your phone, but you should check that out, just in case. Some online casinos don’t have high-quality mobile sites, and you definitely want to stay away from those if you’re going to use your phone for gambling.
The majority of online casinos offer bonuses, so make sure to check whether there are some available for LTC depositors. Sometimes, casinos tend to offer special promotions for users who decide to deposit using a particular payment method, so you should check if there are exclusive promos for Litecoin deposits.
How to Make a Deposit in LTC in Five Easy Steps
Every Litecoin casino follows a similar approach for depositing LTC. In this Litecoin casino review, we captured that process in the five-step guide below.
- Get a Litecoin wallet
Download and install a desktop and/or mobile wallet where you can store LTC.
- Buy or receive LTC to your wallet
To obtain Litecoin, you need to buy it in a cryptocurrency exchange or have someone send it to your wallet (a friend, employer, client, or similar).
- Open an account in an online casino
Select the online gambling platform that accepts Litecoin and register.
- Deposit LTC
Go to the cashier section and select Litecoin as a preferred payment method. The casino will generate a random wallet address to which you need to deposit the desired amount. Alternatively, you can scan the QR code for a more secure way of transferring LTC to the casino.
Your LTC will be converted to one of the supported fiat currencies, and you’ll be able to play casino games offered on the platform.
How To Make Litecoin Withdrawal in Three Steps
Online casinos accepting Litecoin usually offer both deposits and withdrawals, as opposed to many other payment methods that work only one-way. Withdrawing the funds back to your LTC wallet is even easier compared to depositing. Here’s how you can do it:
- Select LTC as your preferred withdrawal option
- Enter your LTC wallet address and the amount you want to cash out
- Confirm the transaction and wait for the pending time to pass.
What Types of Bonuses Are Offered in Online Litecoin Casinos?
Litecoin casinos offer two main types of bonuses — welcome bonuses and regular promotions.
The welcome bonuses are awarded to players who decide to open an account and make their first deposit. These are usually match bonuses that reward bonus money on top of your deposit money. A welcome bonus looks something like this — a 100% bonus up to $500. It means you’ll receive a bonus amount that’s the same as your deposit amount, but no more than $500.
Then, there are popular no-deposit bonuses that award players a small amount of money or free spins just for joining the site. Not all casinos feature this type of promotion.
However, the vast majority of LTC gambling platforms feature promotions for regular players. There are all kinds of promos you can get, including:
- Cashback bonuses
- Reload bonuses
- Free spins
- One-time offers
- Invite-a-friend schemes
- Holiday offers
- Seasonal offers
- VIP/Loyalty promotions
Pros & Cons of Using Litecoin in Online Casinos
Here are several advantages and disadvantages that you should take into account when using Litecoin at an online casino.
- Security — Litecoin is a blockchain-based cryptocurrency that comes with enhanced security protocols.
- Simplicity — Deposits and withdrawals in LTC are much simpler than some traditional payment options, such as bank transfers, ACH, and more.
- Speed — The average transaction time for Litecoin is 4.6 seconds, making it one of the fastest banking options.
- Fees — Litecoin is more affordable than other cryptocurrencies.
- Availability — Litecoin is not as popular as Bitcoin, and fewer casinos accept it as a payment method.
- Unfamiliarity — Many people are not familiar with cryptocurrencies, and even if they are, they usually only know about Bitcoin.
History of Litecoin
Litecoin was created in 2011 when Charlie Lee, a former Google employee, wanted to offer a faster and lighter alternative to BTC that was very slow at a time. Eventually, Litecoin has become a popular alternative to Bitcoin, even though it was never as successful as its role-model.
Nevertheless, LTC experienced the price boom at the same time when BTC hit the highest price — December 2017/January 2018. The all-time high for LTC was $375.29, which the cryptocurrency reached on December 19, 2017. The all-time low was reached on January 14, 2015, when you could buy LTC for just $1.11.
Right now, there are more than 65 million LTC in circulation out of the maximum supply that is set to 84 million LTC.
Why Are Litecoin Casinos an Excellent Choice for US Players?
US casino lovers lacked adequate payment methods for online casinos before the invention of cryptocurrencies. They were either slow, expensive, or simply inconvenient, requiring too much effort to deposit or withdraw funds successfully.
Some methods, such as credit cards, were widely regarded as the best, but many casinos failed to make them work for both deposits and withdrawals. Enter cryptocurrencies.
Cryptocurrencies helped casino players overcome many obstacles regarding payments by excluding the intermediaries and making payments peer-to-peer. Litecoin stood out as one of the fastest back in the day, even though faster solutions were created afterward, such as Ripple or Stellar Lumens. Nevertheless, LTC is still considered the next best thing after Bitcoin for US players who want to make a deposit in cryptocurrencies.
To sum up, Litecoin is widely regarded as the next best thing when compared to Bitcoin. However, some cryptocurrency casino lovers enjoy making deposits and withdrawals with LTC simply because they are more affordable than BTC.
If you want to use LTC for online casinos, this guide should be your entry to the world of Litecoin gambling, and your next step is to choose the online platform you like by following the guidelines from this article. If you don’t feel like doing that, we decided to save you the trouble of doing research, so we made a list of what we consider the best Litecoin platforms.
FAQ About Litecoin Deposit Methods
Below are some of the questions players frequently ask about litecoin deposit methods.
Litecoin is a blockchain-based cryptocurrency that offers peer-to-peer transactions in a safe, secure, fast, and affordable way.
Litecoin was created in October 2011 by Charlie Lee. It is the first popular cryptocurrency created after Bitcoin.
To transfer your money to one of the gambling sites that accept Litecoin deposits, you need to copy the casino’s wallet address (which is randomly generated just for you) to your wallet and deposit the desired amount. However, this process is often quicker if you just scan the QR code offered by the casino of your choice.
Litecoin is based on blockchain technology. Thanks to blockchain’s decentralized nature, financial transactions are stored on a distributed ledger and are impossible to tamper with. Therefore, there’s no way to have your transactions compromised or altered by cybercriminals. This makes Litecoin perfect for online transactions, and many top Litecoin casinos for US players seized the opportunity to introduce this payment option.
Yes, you can. All the casinos featured on this page offer Litecoin wagering on real-money games. However, Litecoin is used only as a deposit method, and it’s converted to one of the supported fiat currencies as soon as the deposit transaction is completed.
Make sure to examine the top online Litecoin casinos featured on this page, as all of them have one thing in common — they offer affordable and secure LTC deposits and withdrawals.
Compared to its biggest rival, Litecoin is a more affordable and faster cryptocurrency, although it’s not nearly as popular as BTC. It also offers a much bigger maximum supply of LTC, and the average transaction time is much shorter compared to Bitcoin. Moreover, Litecoin is one of the most affordable cryptocurrencies out there. The average fee per transaction is approximately $0.05 to $0.7. Bitcoin usually charges more than $3 per transaction.
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