Best Litecoin Casinos in 2022
Litecoin (LTC) is one of the most widely-used and valuable cryptocurrencies globally. It’s a global, peer-to-peer cryptocurrency that is low-cost, fast, and open-source, along with boasting high liquidity and great storage efficiency. It comes as no surprise that Litecoin casinos have become extremely popular.
Here’s what you need to know about using Litecoin at crypto casinos.
Best Litecoin Casino Bonuses and Promotions
Most online casinos provide new players with different types of welcome bonuses, loyalty programs, and VIP promotions.
Litecoin casino bonuses can be slightly more complicated, however. The most common type of Litecoin casino bonuses and Litecoin casino promos include:
- Matched deposit bonuses, or a welcome bonus, provide new players with a bonus that matches their first Litecoin deposit. A 100% Litecoin deposit bonus, for example, will offer new players that deposit $500 with a $500 bonus, giving the new account a $1,000 balance! Remember that your first deposit bonus will be the most generous you receive, so it’s worth starting with a large deposit, as much as you can safely afford to lose
- Free spin bonuses are a type of new player bonus that provide free spins on Litecoin slot games to new players
- No deposit bonuses are a type of sign up bonus that provides new accounts with a free balance without needing to make a deposit
- Reload bonuses work similarly to matched deposit bonuses, but for consecutive Litecoin casino deposits
In addition to the bonus types listed above, Litecoin casinos also offer rewards programs or VIP programs that provide players with points for making regular bets or deposits, which can exchange for various free bets, spins, or special promos.
What Litecoin Casino Games Can I Play?
Litecoin casinos provide access to the same game types as crypto casinos. Litecoin casinos typically focus on highly popular casino games, with provable fair (and often blockchain-based) technology, with some examples including:
- Classic Blackjack
- Double Exposure
- European Blackjack
- Blackjack Switch
- Three card
- Texas Hold ‘Em
- Caribbean Stud
- 5-Card Omaha
- Live Roulette
- Double Ball Roulette
- Japanese roulette
- Live Dealer Roulette
- Classic Slots
- Five-Reel Slots
- Progressive Slots
- Virtual Reality Slots
- Video Slots
One of the most significant advantages of Litecoin casinos, apart from extremely fast withdrawal speed, is the availability of provably fair games. These games utilize the blockchain data provided by all participants to run RNG (random number generator) software. This allows games to have true, unbiased randomness while protecting against malicious third parties or any house edge. In addition, since these programs are open-source, players are free to view the code that runs them to verify the odds for themselves.
Provably fair LTC games can include dice, blackjack, roulette, or more exotic games such as crash or even games that involve wagering on the last digits of a transaction hash.
How to Deposit LTC to Online Casinos
Depositing Litecoin to crypto casinos is extremely fast and straightforward. Unlike traditional banking methods, which may involve multiple account numbers, lots of verification procedures, and lengthy waiting periods, LTC transactions are completed in just a few minutes and only require a wallet address.
You can find the casino’s wallet address within the ‘Banking,’ ‘Cashier,’ or ‘Wallet’ section of the site.
First, start a new transaction from within your wallet or exchange to make the deposit. Then, copy and paste the site’s wallet address into the destination field along with the amount you would like to deposit. After sending your LTC, your coins will arrive on your account in about 20 minutes.
Ensure that the wallet address you are depositing to is explicitly made for receiving LTC. For example, if you deposit a coin into a wallet that is not compatible with sending LTC to a Bitcoin address, you will lose the funds.
If you haven’t yet obtained your Litecoin, sites such as Coinbase, Gemini, and Binance are reputable platforms that may offer payment methods beyond just Visa or Mastercard debit and credit cards. You may find PayPal, Skrill, Neteller and other options listed for purchases too.
It’s rare for casinos to charge deposit fees or require a minimum deposit for cryptocurrencies. The one exception will be casinos that require a minimum deposit to qualify for deposit bonuses.
How to Withdraw Litecoin in 2022
All you will need to Withdraw LTC is your wallet address, which you can find by starting a new transaction from within your wallet or exchange and clicking ‘receive.’
To make a withdrawal, copy and paste your wallet address into the section provided by the casino and type in the amount you would like to withdraw. When withdrawing, be vigilant for extra transaction fees and also make sure to check to see if your casino requires a minimum amount for withdrawal.
Litecoin withdrawals are much faster than traditional casino withdrawals, which take several working days to complete. Most Litecoin transactions are completed within minutes, allowing users to get instant access to their funds without waiting for bank transfers.
Even though crypto transactions usually process rather quickly, sites may sometimes intentionally put a hold on your withdrawal request. This can happen if the withdrawal request is for a large amount or is flagged for happening too frequently. It may be on hold until the user provides security information like KYC or other identification. In any case, these holds won’t typically last for more than 24 hours.
Best Reasons to Use Litecoin at Casinos
Litecoin is one of the oldest and most widely-used cryptocurrencies. It is also one of the first major cryptocurrencies to achieve widespread success after Bitcoin. Founded by former Google engineer Charlie Lee, it has consistently maintained a top 10 position in the highest market cap cryptocurrencies for the last decade.
Most importantly, Litecoin transactions are typically much faster than Bitcoin transactions and have far lower fees, making LTC ideal for crypto casinos and crypto sportsbooks.
Choosing the Best Litecoin Casino
There are several factors to consider when choosing the right casino to deposit your Litecoin.
Reputation is one of the most important factors to consider when selecting an LTC casino. Therefore, it’s essential to check the reputation of the casino or sportsbook and where they are licensed. The casinos listed in the table above and at the bottom of this page are some of the most reputable crypto casinos that offer Litecoin banking.
Important factors to consider include:
- Bonuses and Promotions
- Payout reliability
- Security & reputation
- Customer support
There are two types of crypto casinos you should be aware of. The first is centralized casinos which are traditionally fiat-based, usually a part of a larger organization, and more heavily licensed to make them more safe and secure. These are often veterans of the industry that have only recently adopted crypto deposits, and they might even have exclusive bonuses to promote the new banking methods.
There are some disadvantages since they’re only recent adopters; many of these casinos don’t let punters take advantage of the full benefits of crypto. In addition, some players may need to convert their crypto deposits into fiat to start playing, which is contradictory to making a fast crypto deposit in the first place. On the other hand, there are advantages to centralized casinos. Usually, their banking methods will be more reliable, and their users will have better customer support that helps keep the casino’s reputation in check.
The other type of crypto casinos you will find are decentralized sites. Decentralized casinos are sites that are run exclusively through blockchain programs called dApps. These let the sites run completely autonomously without the interference of malicious third parties or any biased house edge. These casinos tend to be exclusively crypto-focused with a wide range of developer support and community engagement. There are sometimes exclusive blockchain games on these sites as well.
Overall, gambling with Litecoin is a similar experience to gambling with more contemporary casinos, with the added benefit of near-instant deposits and withdrawals. Other factors to consider are customer support, the security of a casino, the tournaments available, and the availability of provably fair games.
Using Litecoin to Bet Online: What You Need to Know
Litecoin’s extremely fast transaction speeds, low transaction costs, and wide acceptance and availability make it one of the best cryptos for online gambling. However, there are just a few more essential factors to consider when using Litecoin online to keep your funds secure and identity safe.
- Anonymity: Litecoin isn’t a privacy coin, so it’s not entirely anonymous. In most cases, it’s necessary to provide ID and KYC information to cryptocurrency exchanges to buy or sell Litecoin
- Fees: Litecoin fees are extremely low, but some crypto casinos may rarely charge small deposit fees for cryptocurrency deposits. Buying LTC from a crypto exchange with Visa/Mastercard debit cards or credit cards typically incurs additional fees
- Safe and secure: Litecoin transactions are irreversible. When signing up and depositing LTC to casino sites, it’s essential to check safety ratings and ensure that the casino you choose is reputable and reliable
With the popularity of online crypto gambling on the rise, as well as the growing acceptance of crypto as a deposit option on all sorts of casinos, sportsbooks, and other betting sites, there is no better time to start betting with Litecoin.
Litecoin provides fast banking options and some of the cheapest transactions in crypto, making it one of the best options for crypto gambling today.