Best Litecoin Gambling Sites
Litecoin, the silver to Bitcoin’s gold, was created to address the problems encountered by its older brother.
In our guide, you will find all the best Litecoin gambling sites along with how litecoin gambling works and the pros and cons of using this crypto, so you can have a safe and fun experience on the best LTC gambling site for you.
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Benefits of Litecoin Gambling Sites
Before starting, it is essential to understand the differences between fiat currency casinos and Litecoin casinos:
Fiat vs Crypto
There are several advantages to using Litecoin for online betting, such as high security, low fees and speedy transactions. That being said, there are also disadvantages to be aware of such as their high price volatility and the fact that it’s still not as widely available as Bitcoin or fiat currencies at online casinos and betting sites.
However, online crypto betting sites now accept numerous currencies and altcoins, including LTC. Betting with Litecoin is similar to betting with most other cryptocurrencies – quick, easy and it doesn’t have the latency of extortionate fees associated with some fiat currency transactions.
If you aren’t familiar with cryptocurrencies, then it may take longer to start your online casino experience than at a fiat currency site, because you will need to find a wallet, buy LTC and then sync your wallet with the casino. However, once this is done, the process is every bit as easy as with a fiat casino and even quicker. Your deposits will be instant and you can start betting quickly and safely. You can find out more about this in our Litecoin Academy.
You will also need to check whether the site that accepts Litecoin is an end-to-end LTC site. Some will allow you to deposit in LTC but will require you to exchange your money into fiat currencies or BTC in order to play. This will incur additional fees so you need to make sure that you can deposit, play and withdraw using LTC.
Decentralisation = Less Restrictions
Although we like to think we are in control of our money, we aren’t. Our money gets paid into a bank account and we have to use the bank’s technology to transfer money and withdraw money. They set limits on how much we can withdraw – and we may even have to request withdrawals in advance.
They can also freeze your account and block access to your money. It’s your money, but you don’t control it – but the same isn’t true of cryptocurrency because it is decentralised.
This means that the Ethereum goes from your own account directly into the casino, without the need for any middle-man. So, there is no one that can limit how much you spend and how often you spend it – and no one can freeze your account if they don’t like what you’re doing. It simply means more control.
Safety and Transaction Speed
Litecoin was designed to be an improvement on Bitcoin – and one of the improvements was the speed of transactions. Currently, Litecoin transactions take around 2 and a half minutes, whilst BTC can take up to 10 minutes.
Also, because of the LTC blockchain’s complex programming architecture, all transactions are completely secure. So, you can always gamble on the site knowing that your money cannot be accessed in any way by malevolent third parties. The only way anyone else can get to your LTC is if they somehow access your Private Key and password – keep this safe and your money is completely safe.
Anonymity
Litecoin, like most public blockchain currencies, is ‘pseudo-anonymous’. So, an outside observer can see your Personal Wallet Number ( a long string of letters and numbers), but not know who it belongs to. The only time anonymity is broken is if the blockchain undergoes a serious analysis.
Ultimately, any transaction made on the Litecoin network is public, which means that transactions can be traced back to your wallet. So, if you ever add your personal ID to your wallet number when making any online transaction, the anonymity is then lost.
As long as you simply enter your PWN and no personal information when transacting with LTC then you should remain anonymous. This means that no financial body or governing will be able to track your cryptocurrency spending, allowing you more freedom.
Fast Payouts and Greater Limits
As previously mentioned, LTC transactions are faster than fiat currencies and faster than Bitcoin. However, there are now 3rd gen coins that offer even faster transactions. Generally, LTC transactions take no more than a few minutes.
Another positive is that cryptocurrency casinos often implement much higher withdrawal limits. This means that even with huge wins, you should be able to withdraw all the winnings in one go, rather than have to withdraw lump sums month after month.
Higher limits are particularly advantageous to high rollers and those that play for bigger wins and jackpots.
Litecoin Gambling Sites Reviews
The anonymity and irreversibility of LTC make it ideal for scammers, and thus there are a number of scam LTC casinos to be aware of. It is fear of this that often puts players off playing at LTC gambling sites. However, we test each of our recommended sites to ensure that they are fair, safe and trustworthy as well as offering an excellent LTC betting experience.
We will register on the site, make an LTC deposit and claim the bonus – making sure that we look at its terms and conditions. After this, we navigate around the site, look at the selection of games, try out the customer service and consider the whole user experience. Finally, we withdraw our money – to test the site from start to finish.
Other things to consider when looking at how to gamble with Litecoin include:
- Read the Litecoin gambling sites reviews in depth so that you understand which is the most suited to you.
- Research the different types of wallets so that you can pick one that is the safest and most convenient for you.
- Compare the different exchanges and look at market trends to try and get the best LTC rate.
A Short Guide to Crypto Gambling
If you see an LTC casino in our Litecoin gambling guide that appeals to you, then in order to get started, you need to consider the following:
See Our List of Litecoin Gambling Sites
We have scoured the world of crypto gambling to bring you the very best Litecoin casinos. As such, we would recommend that you start off with one of our recommended sites as we can guarantee that they are fair, honest and transparent, offering an excellent user experience. This is particularly true for those new to LTC gambling.
Choose and Buy Cryptocurrency
In order to play with Litecoin, you will need to buy Litecoin first of all. This is available at most online cryptocurrency exchanges but, as with cryptocurrency casinos, not all are created equal.
You need to check out the different LTC exchanges to see which offers the best service with the fairest fees. Don’t simply choose it based on the size of the fees, but take other factors into consideration such as integrity, reputation and service.
Set Up Your Litecoin Wallet
You will need to transfer your LTC into a personal wallet before you can play at an LTC casino. Make sure you consider which wallet is best for you. You will need to consider the security of the wallet as well as how convenient it is for you to make transactions.
It may be that you need more than one – one for security and the other for transacting.
Ultimately, how to gamble with Litecoin is straightforward and safe as long as you choose the right wallet, exchange and casino.
Deposit Litecoin to the Gambling Site
- Log into your account, open the cashier section and select ‘deposit’.
- Click on LTC as your method of deposit
- Write down the casino’s PWN exactly as written
- Open your LTC wallet, choose your deposit amount and enter the casino’s PWN
- Confirm the deposit.
The money should reach your account in a minute or two.
When withdrawing your funds, the process is very similar:
- Open your casino account and click on the cashier
- Select withdraw and choose Litecoin
- Enter the amount you want to withdraw and your LTC wallet number.
- Confirm
This should also be completed within a few moments.
How to Find the Best Litecoin Gambling Site?
Before gambling with Litecoin, you need to know the law and legislation in your country. Is Litecoin gambling legal and can you gamble with Litecoin in your country?
Once you know, you can check through our LTC gambling guide for an LTC casino – or you can choose one yourself. However, in this case, you will need to check the casino thoroughly.
Does the Crypto Gambling Site Support Your Country?
You should only play at an LTC gambling site that supports players from your country. If this isn’t the case then not only is it inconvenient for you but it also may not be licensed in your region. This will leave you susceptible to scams.
Litecoin Gambling Site Trustworthiness
Because crypto casinos often attract scam artists, you have to be certain that the site is completely safe and trustworthy. As such, look to see that it has been licensed and regulated by a respected governing body. You should also check that its games have been tested and certified as provably fair.
Support Team (Native Language?)
The LTC casino should also offer a customer support team that is readily available in your native language. It should be contactable around the clock and via a number of different ways such as Live Chat, email, phone number and Social Media.
How a casino looks after its players is evidenced by the attention it pays to its customer support.
Transactions and Fees
Because LTC is quick and cheap, the casino should also be quick and cheap. You should look for an LTC casino that offers instant withdrawals with no additional fees attached. You should check the banking section to look for high maximum withdrawals.
Offers, Promotions, Bonuses
There are lots of Litecoin bonuses available if you look in the right places. When selecting a casino, make sure that they offer bonuses for new players and existing players. The bonuses should be generous and come with fair, reasonable and transparent terms and conditions.
Also, consider the games on offer. The best LTC casinos will have traditional games such as slots, roulette, baccarat, poker, blackjack and other table games, jackpot games, live casino games and LTC blockchain-based casino games.
Should You Consider Gambling Online Using Ethereum?
Here are the main advantages and disadvantages of choosing a Litecoin gambling site
Withdrawals using Litecoin are quicker than fiat currencies and Bitcoin.
There are minimal transaction fees of about $0.0024 per transaction.
Litecoin blockchain technology makes it very secure.
Anonymous transactions.
Litecoin isn’t as available at online casinos as fiat currency and Bitcoin.
There are some LTC scam casinos that you need to be wary of.
LTC is highly volatile, which means it can drop value quickly in a Bear market.
You need to make sure that your casino is end-to-end LTC otherwise you may get stung with exchange charges after depositing.
Litecoin Gambling Sites FAQs
Are Litecoin Gambling Websites Legal?
Yes, playing at a Litecoin online casino is perfectly legal as long as gambling and crypto gambling has been legalised where you live. You need to check your local laws to see your local regulations (age etc). Also, make sure that the LTC casino you choose has been licensed and regulated in your region
Can I Gamble Completely Anonymously with Litecoin?
Yes. Just as with most cryptocurrencies and altcoins, Litecoin is pseudo-anonymous. This means that you don’t need to enter your personal details to make your transactions, only your Personal Wallet Number can be traced. However, if you register your personal identification along with your PWN, then your transactions can be traced back to you.
As long as you keep your personal information offline when entering your PWN, your deposits and withdrawals remain anonymous.
How Long Do Litecoin Withdrawals Take?
Litecoin withdrawals are much faster than cryptocurrencies and even faster than Bitcoin withdrawals. At most, LTC withdrawals take about 2.5 minutes compared to Bitcoin’s 10 minutes. Once you request a withdrawal, your money will be with you in minutes!
What Cryptos Should I Consider for Online Gambling?
Litecoin is just one of the crypto options you have available to you for online gambling. You can also try out one of the many top Bitcoin casinos which also accept Ripple, Doge, Cardano, Dash, Monero, Ethereum and more.