We are here to tell you all you need to know about Litecoin gambling. Litecoin is commonly referred to as being the silver equivalent to Bitcoin’s gold. It was launched in 2011 after the success of Bitcoin and it was made in an attempt to improve on the original cryptocurrency.
You’ll get to see why more and more people are using LTC as a fast and cheap alternative to something like Bitcoin, and we’ll even reveal our favourite gambling sites who’ll give you a legal and safe way to make your Litecoin deposits.
With some handy tips about the best ways to use LTC for sports betting and casino gaming, you’ll have all you need to make the most out of this cryptocurrency.
Best Litecoin Gambling Sites & Bonuses
Litecoin is widely accepted as a payment method at leading crypto casinos. Our recommendations are displayed below and each will give you an elite experience as well as a welcome bonus to get you started.
Please Bet Responsibly.
Pros and Cons of LTC Gambling
Obviously LTC is one of many cryptos, and so why should you use this coin as opposed to Bitcoin gambling, Ethereum betting or even using regular fiat currencies?
Well, Litecoin was developed to be much faster than Bitcoin, as well as having lower transaction costs. While many were quick to write the altcoin off, it has proven to be reliable and a survivor in the tough crypto market.
However, it’s worth noting that it features some of the same negative reputation as other cryptos, and that those fast transaction times might be compromised at times of increased network activity.
Here is a reminder of the main pros and cons of using LTC:
ProsCons
✅ Relatively cheap crypto transactions❌ Liable to the usual crypto scams
✅ Much faster than Bitcoin❌ Can sometimes be slow and expensive
✅ High levels of privacy and security
✅ No banking or government oversight
Top Betting Sites That Accept Litecoin
We’ve taken an in-depth look at the best crypto betting sites to see which brands offer you the best ways of using Litecoin for your betting and casino gaming. Here are our three favourite LTC betting sites at the moment:
BC.Game
We were blown away in our BC.Game review by the sheer size of the bonuses at this site. After all, you will get no fewer than four huge matched deposit bonuses for signing up here and you can get these with your Litecoin payments.
Just note that these deals come with some tricky wagering conditions, but you should still be able to enjoy the brand’s famously competitive odds and vast collection of over 8,000 casino games.
Thunderpick
This is definitely the rising star of the crypto gambling scene and it’s only natural that Thunderpick should let you make effortless Litecoin deposits and withdrawals.
Other highlights to note about this brand include the 100% matched deposit bonus, over 4,000 slot games, top coverage of niche esports like Deadlock, free live streaming, as well as the fact that Thunderpick has even hosted its own esports tournaments.
MyStake
This brand has pretty much everything that we are looking for in a LTC gambling platform. As well as letting you make speedy Litecoin deposits and withdrawals, you’ll find thousands of quality casino games and some of the best esports betting odds on the market.
MyStake’s bonuses are also impressive with big matched deposit bonuses for new customers as well as a nicely structured VIP club. Highly recommended for Litecoin betting.
Step-By-Step Guide for Using Litecoin Betting Sites
You’ll find that Litecoin betting is just like using pretty much any other crypto at a gambling platform. But in case you are a total newbie, here is a quick walkthrough guide for what you need to do:
Load up any of the recommended LTC gambling sites listed in this guide from your web browser
Register your account by filling in the registration form with your personal information
Enter in any promo code to make sure that you get your welcome offer
Submit your account application and verify your identity
Navigate to the cashier section and click on the Deposit tab
Select Litecoin as your preferred payment method
Copy the gambling site’s payment address and paste it in the send field of your crypto wallet
Enter in how much Litecoin you wish to send
Double check the payment details and submit your payment
Once you have done this, the Litecoin deposit should be showing up in your account within just a few minutes. Now you can simply use this as stakes for your esports betting or casino wagering.
Making a Withdrawal With LTC
If you are fortunate enough to have made some winnings, you can simply make a payment back to the same crypto wallet. Here’s how you can do it:
Log into your account
avigate to the cashier section and click on Withdrawal
You’ll find that your crypto wallet has been preselected so that you can simply enter in how much Litecoin you wish to withdraw
Enter in any verification requests and double-check the details
Submit your withdrawal request
After you have done this, it’s common to find that most gambling sites will take between 24 and 48 hours to review your withdrawal requests. Once approved, the Litecoin payment should reach your crypto wallet in a matter of minutes.
Simple Tips for Playing at a Litecoin Casino or Sportsbook
We thought it best to give you just a few basics tips you can use when gambling with Litecoin:
Get the best promos
The good news is that you won’t have to look too far to find an esports betting bonus that you can claim with a Litecoin deposit. Just remember to read the small print first to ensure you aware of any limitations.
Watch out for fees
Remember that each Litecoin payment will come with its own transaction fees. So consider making fewer payments at less busy times to minimise whatever costs you incur.
Focus your attention
It’s always best to focus your attention on just a few casino games or sports betting options, rather than trying to master them all.
Set a budget
Even though you are playing with a crypto, it doesn’t mean that you can be careless in how you play. We’d recommend setting a sensible budget and sticking with it to ensure that your wagering doesn’t get out of control.
Being Careful When Betting With Litecoin
Finally, we should remind you that all forms of betting are fraught with risk, and things only get riskier when using cryptos like LTC. So here are a few things to keep in mind:
Only play at licensed crypto gambling platforms like those listed in this guide
Make sure that you use the available responsible gambling tools to put limits on your deposits and losses
Be careful about which crypto exchanges you use to buy your Litecoin
Note the inherent volatility of Litecoin and be careful about placing too much faith in cryptocurrencies
Summary: Take Your Litecoin Gambling to the Next Level
We have shown you that Litecoin gambling offers you a great alternative to Bitcoin esports betting because it is faster and potentially much cheaper too. While you still have to deal with the inherent volatility of this cryptocurrency, the same is true of pretty much any other crypto coin.
So be sure to pick any of our recommended LTC gambling sites, make your deposits and enjoy a fast and fun way to bet.
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