The need for swift online transactions in online casinos cannot be overemphasized. For this reason, top online gambling platforms have constantly sought the best ways to improve banking operations on their platforms. This way, players will enjoy fast and reliable deposits and withdrawals. Cryptocurrencies are the latest addition to the best gambling sites for seamless transactions.
Cryptocurrency enthusiasts can now enjoy secure and reliable online payments on their favorite casino sites. Some popular cryptocurrencies include Bitcoin, Ethereum, and Bitcoin Cash. However, Litecoin is gaining in popularity as it makes online transactions secure, low-cost, fast, and anonymous.
If you’re interested in Litecoin for online payments, this article will guide you. We’ll provide you with the best LTC casino sites you can rely on for swift deposits and withdrawals. You’ll also learn the most suitable alternatives for paying on your favorite online gambling sites.
What Is Litecoin?
Widely considered the first alternative cryptocurrency, Litecoin (LTC) is a type of currency that exists in a digital format rather than using banknotes or physical coins. Just like other cryptocurrencies, it uses blockchain technology for funds transfers between individuals or businesses. LTC transactions are free from government censorship and control because they happen on a decentralized payment system.
Litecoin shares similar features with Bitcoin but operates using a different mining algorithm, meaning LTC transaction times are faster than Bitcoin. You’ll enjoy an average transaction time of 2.5 minutes with Litecoin compared to the average transaction time of 10 minutes with Bitcoin. Transaction fees are also cheaper with Litecoin than Bitcoin.
With cryptocurrency becoming generally accepted for online transactions, you’ll find plenty of online platforms that allow customers to make payments using LTC. Many players now enjoy Litecoin online gambling because it makes deposits and withdrawals safe, fast, reliable, and seamless.
History of Litecoin
Litecoin was first released in October 2011 by a former Google worker, Charlie Lee. It was adapted from Bitcoin’s open-source code but with several modifications and was intended as an alternative to Bitcoin with faster transactions and cheaper rates. Just like Bitcoin, Litecoin is not controlled by any central authority.
Litecoin was regarded as one of the earliest altcoins and has since increased in popularity. The cryptocurrency managed to reach a high of $44 in 2014. After that, things didn’t change much until the end of 2017, when the price of LTC skyrocketed to $375. However, just like many cryptos, Litecoin was also surrounded by controversy.
LTC’s inventor, Lee, sold and donated all his Litecoin tokens when it reached a market high. This made people assume that the cryptocurrency was going to crash. However, it didn’t crash, and more people became interested.
Is Litecoin Gambling Legal?
Online gambling with Litecoin is in a gray area in most US states, meaning it’s not entirely legalized or outlawed. While most states in the US are yet to allow online casinos to operate, players are not prohibited from participating in online gambling, provided they report their winnings to tax authorities.
In most cases, looking for offshore online gambling platforms seems to be the best option. This is because gambling laws are directed at operators, prohibiting them from operating in certain regions, not the players themselves. So, you can play your favorite games after funding your casino account using fiat currency or crypto.
Many countries are yet to address the crypto online gambling space despite online casinos being legalized in their jurisdictions. However, this doesn’t mean you won’t find reliable online Litecoin casinos to enjoy the latest games and sports betting options. You only need to find out if an online casino accepts cryptocurrency payments. You must also know that LTC payments require minimal or no KYC (know your customer) checks, meaning your online gambling activities can remain anonymous.
We’re hopeful that more online gambling platforms will consider cryptocurrency payments soon so more players can access great LTC online casinos to enjoy their favorite games. It’ll also allow players to win real money while having fun and enjoying seamless payments.
How Does a Litecoin Casino Work?
Litecoin casinos are online gambling platforms that accept LTC for deposits and withdrawals of funds. Transactions at such casinos are confirmed through blockchain technology, keeping your identity private. This technology also helps to secure your online transactions from hackers. In addition, Litecoin casinos have other features you’ll find in traditional casinos.
Before joining a Litecoin casino, you must be above 18 and legally eligible to participate in online gambling. Then, create an account into which you can deposit some funds. This account will allow you to enjoy the full benefits of an LTC casino. Even as a newbie, know that Litecoin casinos work like other casinos. Our guide will also help you easily get familiar with LTC online gambling.
Are There Any Fees for Litecoin Casino Payments?
The best Litecoin casinos won’t charge you extra fees for deposits and withdrawals. However, Litecoin payments do come with some fees, just like other cryptocurrency transfers over blockchain technology. Players can incur certain network fees depending on how busy the network is at the time of payment. But you can be sure that Litecoin payment fees are quite low compared to Bitcoin and other cryptocurrencies.
The cryptocurrency wallet you use might charge an additional fee, usually a percentage of the transaction amount. You may also be charged for converting your Litecoin into a fiat currency. Check the terms and conditions of your crypto wallet and the LTC casino to understand what to expect regarding online transactions using Litecoin on the various platforms.
Advantages of Using Litecoin to Play Casino Games
You might be interested in playing at an Litecoin online casino, but not yet sure if it’s the right choice. Here are some benefits you’ll enjoy that will convince you beyond doubt that LTC payments are a suitable option for lovers of swift online transactions.
Faster Withdrawals
Cryptocurrency transactions are made through a decentralized network of computers, making them always available for players, including weekends and holidays. For this reason, you can withdraw your winnings from any LTC casino at any time and expect the funds in your account instantly. Unlike traditional payment methods, you don’t need to verify anything before withdrawing.
Strong Security
Blockchain technology is one of the safest networks people can use for online transactions. Using it means you’re adding an extra layer of security to your online transactions. Litecoin payments are less likely to be stolen or attacked by malicious users or frauds.
Complete Privacy
Paying with traditional methods such as bank cards or transfers will allow financial institutions to monitor how you spend your money. Each casino site transaction you make will appear in your bank statement. However, Litecoin payment will ensure you ensure anonymous online transactions. This will help you to stay under the radar of government agencies.
Avoid Geo-Restrictions
For players not living in a jurisdiction where online gambling is legal, finding a suitable offshore online casino is the best workaround. Making LTC payments is the best option for online transactions as it will ensure you can make payments without the casino operator knowing your location.
Great Bonuses
Many new Litecoin casinos offer mouthwatering bonuses to players to encourage them to continue using LTC for online transactions. You may even discover that Litecoin payments attract more bonuses than fiat payments. All these bonuses are designed to make crypto payments more acceptable among casino players.
Higher Deposit and Withdrawal Limits
Many players, especially the high rollers, find the limit on deposits and withdrawals associated with fiat payments irritating. You may find it impossible to withdraw all your winnings at once if the amount exceeds the maximum withdrawal limit for the day. However, Litecoin payments allow you to enjoy higher limits on deposits and withdrawals.
Lower Transaction Fees
Compared to traditional payment methods, cryptocurrencies offer lower fees for performing online transactions. Litecoin payments attract lower fees than Bitcoin and other cryptocurrencies. The few fees you incur will usually come from the crypto wallet and conversion rate.
How to Purchase Litecoin
Before you can start playing at Litecoin online casinos, you must buy your Litecoin tokens and store them in a reliable crypto wallet. You can lay your hands on Litecoin tokens in different ways, and we’re here to show you.
There are different ways you can get Litecoin tokens for online payments, including:
- Receiving Litecoin as payment for your products or services.
- Buy Litecoin tokens from a reputable exchange.
- Mining the Litecoin tokens yourself. This is quite technical and you’ll need special hardware.
- Acquiring Litecoin via Litecoin faucet. This website offers Litecoin tokens as payment for performing certain tasks.
- Purchasing Litecoing from the official Litecoin website.
Follow the steps below to buy and store Litecoin tokens that you can then use for online casino payments.
Step 1: Choose a crypto exchange
Popular cryptocurrency exchange platforms you can buy Litecoin from include Coinbase, Binance, eToro, CoinSmart, and many more. You can also buy your Litecoin tokens from a Litecoin-specific wallet like Litewallet. When choosing a cryptocurrency exchange, check for security, fees, speed, and simplicity. You can open an account with them to easily ensure you always buy your Litecoin token.
Step 2: Buy Litecoin tokens
You can buy Litecoin in different ways, depending on the cryptocurrency exchange or app you use. You can fund the newly created account with credit or debit cards or other payment options. The amount of Litecoin you’ll have after purchase depends on your spending. For instance, if you invest $50 and Litecoin trades at $100 at purchase, you get 0.5 LTC. You’ll get 1 LTC if you purchase $100.
Step 3: Store your tokens
It may be challenging as a newbie when looking for where to store your asset. However, there are several options available for you. You can store your Litecoin tokens in popular crypto exchanges, paper wallets, hardware wallets, or desktop/mobile wallets.
How to Make Payments at LTC Online Casino
Litecoin is one of the easiest and fastest ways to make deposits and withdrawals. The good thing about this payment method is that you can enjoy anonymous online transactions. We’ve prepared a guide on how to make payments using Litecoin.
How to make Litecoin casino deposits
- Sign-up with an LTC casino or log into your account if you already have one.
- Click the deposit icon under the casino’s banking or cashier section.
- Choose Litecoin as your preferred payment option. LTC may sometimes be under the cryptocurrency option.
- The casino will give you a public wallet number (PWN), its payment address. Ensure to copy the address before heading to your crypto wallet.
- From your cryptocurrency wallet, paste the PWN and input the amount you wish to deposit. Check the details very well and confirm your transaction.
- Go back to your casino account balance to see if the payment you just made is reflected.
- Once the payment is credited, you can start playing your favorite LTC casino games.
How to make Litecoin casino withdrawals
- Head to the banking or cashier section of your Litecoin casino. Then, click on the “Withdrawals” tab to start the process.
- Choose Litecoin from the list of payment methods available. You may see Litecoin under “Cryptocurrencies” or in a dedicated crypto wallet list.
- Input your withdrawal amount and add your public wallet number. Confirm the withdrawal after you’ve checked that the details are correct.
- Once confirmed, you’ll receive your funds within a few minutes.
What We Consider When Ranking the Best Litecoin Casinos
With plenty of LTC online casinos on the internet, players, especially newbies, may find it difficult to choose the best online gambling platform to play games. For this reason, we’ve listed the factors that we use when determining the best LTC online casinos. This will help you to choose the right Litecoin gambling site.
Licensing
Litecoin is decentralized, meaning that its transactions are not controlled or regulated by any bank or government agency. So, you must register at a Litecoin casino with a valid license from a reputable jurisdiction. This will ensure you’re well protected and guarantee you’ll get paid when you win.
Security
Look at the level of security available at the LTC online casino before you sign up for an account. Ensure the gambling site uses the best security systems to protect your personal details. All the Litecoin casinos we recommend use the best firewalls and the latest SSL encryption to protect users’ data and fight against fraud.
Game Offerings
Pay close attention to the types of casino games available before choosing an LTC casino. Don’t go for quantity alone, but consider the quality of the provided games. Top Litecoin casino sites offer various game varieties, including classic slot games, blackjack, poker, baccarat, jackpots, and live dealer games. You’ll also find games with high RTP to increase your chance of winning big.
Customer Support
Access to quick and reliable customer support is vital, especially when playing at a crypto casino. A well-trained and professional customer support team will help you whenever you’re faced with any problem on the site. You should also have access to the support service via various means, such as telephone calls, email, and live chat. The response time from the support agents is also very important.
Alternative Payment Options
Irrespective of other features, Litecoin casinos without alternative payment options can cause frustration. You should have access to suitable alternatives for when you can’t make Litecoin payments. Also, look at the time it takes to make deposits and withdrawals, regardless of the payment method. The best LTC gambling sites offer low fees for processing online transactions.
Bonuses and Promotions
The number of bonuses and promotions available is crucial when choosing a casino platform to play games. You’ll enjoy your online gambling more when you’re offered bonuses to boost your morale. This will also allow you to play longer and stand a chance of winning real money even when you’ve exhausted your deposited amount. However, look out for the wagering requirements before accepting a bonus.
Top Recommended Litecoin Online Casinos for Real Money Game Players
After thoroughly checking the number of online casinos that accept Litecoin payments, we’ve come up with the best options for our readers. The LTC casinos will ensure you enjoy the best online gambling experience with a chance to win real cash.
Thunderpick Casino
With Thunderpick Casino, you can create a free account to enjoy anonymous online gambling. The end-to-end crypto gambling site allows you to make payments using cryptos such as Bitcoin, Litecoin, Ether, etc. You can access several eSport betting options and casino game varieties. New and returning players are eligible to enjoy juicy bonuses and promotions, provided you’re above 18 years old and have created an account on the platform.
mBit Casino
mBit Casino is a very popular Litecoin casino for playing real-money casino games. Players can access the latest slots, jackpots, table games, and live dealer games. With the help of leading software developers, the online gambling operator constantly updates the game library to ensure you don’t lack new games to play. You can safely and anonymously make payments using your Litecoin tokens or other cryptocurrencies.
Wild.io
Owned and operated by Nonce Gaming B.V., Wild.io is a suitable online gambling platform for players looking for the web3 casino experience. The casino accepts payments using several cryptocurrencies, including Litecoin. There is a friendly support team always ready to provide resolutions whenever you have issues on the platform. You’ll also access diverse game varieties to meet your gaming needs.
Coinzino Casino
Enjoy one of the largest collections of the best casino games at Coinzino Casino. You’ll find various game options such as slots, table games, live dealer games, with provably-fair titles and tempting jackpots. Aside from Litecoin, you can also make payments with other crypto options like Bitcoin, USD coins, and Tether. In addition, players can enjoy reasonable bonuses, great security, active support agents, and a user-friendly online gaming environment.
WildCoins Casino
With over 3000 of the best BTC games at your disposal, WildCoins Casino is a suitable option to enjoy an amazing online gambling experience. The casino features 24/7 live support, fast payouts, great bonuses, and top-notch security. For swift and secure payments, you can choose from several cryptocurrency options, such as Litecoin, Bitcoin, and Ether.
Getting Started with LTC Online Gambling
Playing your favorite LTC casino games is straightforward. Here is a guide to help you get started, even if you’re a newbie.
Register with a reliable Litecoin casino. Start the simple registration process once you’ve selected a suitable LTC casino. We’ve made an effort to provide you with the best Litecoin casinos. You just need to provide details such as username, password, and date of birth.
- Verify your account. Although Litecoin casinos allow you to enjoy anonymous online gambling, there are certain verification processes you might have to undergo. You’ll have to verify the email address you use for the registration. A government-approved document might be needed to avoid duplicate registration.
- Buy your LTC tokens and fund your account. Buy your Litecoin from a reliable exchange or the Litecoin official website. Fund your account to earn your welcome bonus and play your favorite LTC games.
- Choose a game. Peruse the casino lobby to find your favorite games. After that, apply some strategies to improve your chance of winning real cash. While playing, remember that gambling is supposed to be fun!
- Withdraw your winnings. If you’re lucky enough, you can look forward to a seamless withdrawal process. Litecoin casinos offer quick payouts for customers. Ensure you input your correct LTC address to receive your winnings.
Litecoin Casino Bonuses and Promotions for New and Returning Users
When playing at a good LTC online casino, new and returning users can access exciting bonuses and promotional offers. Here are some of the best bonus offerings you should look for when you next intend to play at a Litecoin casino site.
Welcome Bonus
New players can enjoy the welcome bonus after they register and make a deposit. However, your deposit must meet the minimum amount needed to become eligible for this bonus. Always look at this bonus before registering at an LTC casino.
No-Deposit Bonus
Like the welcome bonus, the no-deposit bonus is a bonus for new customers. However, you don’t need to make any initial deposit before you enjoy this bonus. The casino offers this bonus to kick-start your online gambling journey.
Deposit Match Bonus
This type of bonus is common in many Litecoin casinos and is available for new and old players. With the deposit match bonus, you receive a certain amount of tokens based on the amount you deposit. For instance, you’ll get 25 LTC when you deposit 25 LTC for a deposit match bonus of up to 100%.
Free Spins
This bonus type gives a free play on selected slot games. You can get free spins after making an initial deposit or partaking in certain tasks. A casino site might also offer free spins on special occasions such as your birthday or public holidays.
Affiliate Program
You can partner with your favorite LTC casino through the affiliate program. This way, you can earn extra cash when you invite new players to the online gambling platform using your affiliate link.
Cashback
With the cashback bonus, you can recover a certain percentage of the amount you lose while gambling. Different casino operators have different requirements for offering players cashback. So, ensure to check when you might become eligible.
VIP Program
This program is exclusive for the high rollers playing on the casino platform. It’s a reward given to those who stake high in each game they play. They enjoy a dedicated manager and other special benefits unavailable to regular players.
Loyalty Bonus
The rewards you get for being loyal are exciting. This shows you’ve been acknowledged for being consistent on the online gambling platform. The best LTC casino offers loyalty bonuses to their old and loyal customers.
Litecoin Alternatives for Online Casino Payments
It’s fine if you don’t fancy Litecoin payments, as there are several alternatives you can use for deposits and withdrawals. Each one has its own unique features that make it stand out. Here are some suitable Litecoin alternatives you can use for online casino payments.
Cryptocurrency
Litecoin isn’t the only cryptocurrency people make payments with. Other crypto coins include Bitcoin, Ether, Cardano, Bitcoin Cash, Ripple, Tether, Zcash, Dogecoin, Tron, Monero, and BNB Casinos. These are suitable alternatives for crypto enthusiasts who don’t fancy making online casino payments with Litecoin. They have features similar to Litecoin with fast, secure, and reliable online transactions.
Direct Bank Transfer
This payment method is suitable if you’re not in a hurry to cash out your winnings. Direct bank transfers can be time-consuming, as it takes three to five business days before withdrawals are processed. Transfers also take a little while to set up, especially when you wish to use them for the first time. However, this is a suitable Litecoin alternative because it’s safe and available at many online casinos.
Credit or Debit Card
This remains one of the most accepted payment methods. It’s also easy to deposit or withdraw from your favorite gambling site. Deposits using credit or debit cards are instant, allowing you to start playing your favorite casino games within minutes. However, withdrawals can take a few days. Nevertheless, this is a suitable Litecoin alternative that you can rely on for safe online transactions.
eCheck
Also known as electronic check, the eCheck payment method is available on many online gambling platforms. You can reverse any eCheck transaction when there’s a mishap, making it an extremely safe way to fund your casino account. eChecks are not advisable for players looking for quick deposits and withdrawal processes. Deposits can take up to three days to complete, while withdrawals can take as many as 28 days before you see your winnings in your account.
E-wallets
Like cryptocurrencies, e-wallets are another payment method that can guarantee high levels of privacy when making deposits or withdrawals. E-wallet payments are also fast and secure, making this payment method a suitable alternative for Litecoin. Any transactions you carry out using your e-wallet account will not appear on your bank statement since they are not connected to the bank account. Examples of e-wallets you can consider using include PayPal, Skrill, WebMoney, TrustPay, Neteller, Interac, and Rapid Transfer.
Prepaid Vouchers
You can use a prepaid voucher to purchase items and services online. You can also use vouchers to make online casino payments. This payment method is useful when you have the money at hand but wish to fund your account much later. You can purchase a prepaid voucher online or from any accredited store near you. Because you can only use a prepaid voucher to make deposits, we suggest you look for a good alternative for your withdrawal. A popular example of a prepaid payment option is Paysafecard.
Tips and Strategies for LTC Casino Success
Online gambling is a game of chance. However, there are certain things you can do to increase your chances of winning. Since we’re happy to see you win, here are a few tips to improve your winning chance at LTC casinos:
- Register only at a reputable LTC casino.
- Take advantage of bonuses to extend your playing time and improve your chances of winning.
- Play demos or free games often to get familiar with new games before playing for real money.
- Don’t gamble with what you can’t afford to lose. Set a budget and stick to it.
- Practice responsible gambling.
- Engage in jackpot tournaments for a chance to win big.
Conclusion
Going for a USA Litecoin casino is a great choice if you want a secure and speedy online gambling experience. It’s also a great way for players to play casino games anonymously. All the details you need to enjoy Litecoin casino gambling have been provided in this article. This will enable you to make easy deposits and withdrawals and know what to look out for when choosing a gambling platform to sign-up for.
Although online gambling is a game of chance, we’ve provided some helpful tips that can help you increase your chance of winning. Don’t forget to gamble responsibly, as that’s the best way to avoid gambling addiction and other problems associated with online gambling. With our guide, you’ll be able to enjoy an online gaming experience at your favorite LTC casino.
LTC Online Casinos – FAQ
How and where can I buy Litecoin?
There are several ways and places to buy Litecoin. However, you must be careful to buy coins from reputable exchanges. Using your fiat payment option, you can also buy LTC tokens from the Litecoin official website.
How can I create a Litecoin casino account?
Opening an LTC casino account is free and simple. Simply pick any of our recommended LTC casinos and register your details. Essential details you must provide include your email address and date of birth.
Do LTC casinos charge extra fees for online transactions?
Most Litecoin gambling sites don’t charge additional fees when you make deposits and withdrawals using Litecoin. However, Litecoin transactions might come with processing fees charged to your cryptocurrency wallet. Sometimes, you may also want to exchange your LTC for fiat money which can incur extra fees.
Can I enjoy bonuses at Litecoin casinos?
Top Litecoin casinos now offer enticing bonuses to players to encourage them to keep using Litecoin for online payments. You’ll enjoy juicy bonuses such as welcome bonuses, reload bonuses, free spins, and no-deposit bonuses.
Are LTC casinos legal?
You must check the licenses of the Litecoin casinos before creating an account with them. We’ve also reviewed and recommended the best Litecoin casinos where you can enjoy safe and legal online gambling.
