Since the cryptocurrency market exploded in 2009 with the creation of Bitcoin, it rapidly spread around the world. It was Litecoin that confidently occupied the place of honor of the second most popular electronic currency after Bitcoin.
The image of “digital silver” has been firmly established behind Litecoin. With such “silver” associations to online casinos, Litecoin became one of the most used currencies for Litecoin gambling.
Thanks to the ever-increasing number of Litecoin casinos, not only interest in cryptocurrency is increasing, but also the number of all kinds of bonuses – both deposit and no deposit ones. Even though LTC may be foreign for somebody, we will explain it well.
Litecoin is a cryptocurrency that is actually an “offshoot” of the Bitcoin blockchain. This fork received community support thanks to former Google employee Charlie Lee, who published the client’s source code on GitHub on October 7, 2011.
There are a lot of pros when you choose Litecoin for gambling. The most notable one is anonymity and the speed of the transaction. Compared to Bitcoin the speed of transaction is much higher. Also in this guide, we will talk about depositing and withdrawing your funds, which may seem complex at first but there is nothing to worry about. LTC gambling online is one of the simplest things to understand.
Litecoin gambling is just a small part of the crypto casino industry. It has been around ever since the first crypto casino opened and is considered to be the best option for it. Low commissions of less than 0.0001%, immediate transactions, and total anonymity are the main advantages that this coin brings.
Not sure which LTC casino to pick up for gambling? Have a look at our selection of the best casinos, that offer gambling with Litecoin. Find out more below by clicking “Read More”.
100%
Yes
No
8/10
Yes
Weekly Jackpot
120%
Yes
No
6/10
No
eSports
180%
Yes
1 Lucky Free Spin
3000+
Yes
Task Hub
100%
Yes
25
2000+
Yes
Free Crypto Faucet
110%
No
300
9/10
Yes
mBit races
100%
Yes
Yes
8/10
Yes
Card Collection
100%
No
150
9/10
Yes
Giveaways
110%
Yes
300
9/10
Yes
FortuneJack Coin
100%
No
200
4/10
Yes
PlayAmo App
100%
No
130
8/10
Yes
Drops & Wins
100%
No
200+
9/10
Yes
4 Back-to-Back Bonuses
100%
No
20+
9/10
Yes
Bonus on every deposit
100%
Yes
100
6/10
Yes
5 Coins
150%
No
50
9/10
No
TrueFlip Token, TrueLab Games
100%
No
100
8/10
Yes
Welcome Race
100%
Yes
No
4/10
No
11 Bonuses
100%
No
200
7/10
Yes
Multilingual Platform
200%
Yes
25
6/10
No
Free Software
100%
Yes
No
7/10
Yes
Sit & Crush Bonus
No
No
No Free Spins
10
Yes
Faucet Bonus and Rainbot Feature
100%
Yes
75
2/10
No
3 Welcome Bonuses
100%
Yes
No
6/10
No
Multilingual Support
100%
Yes
No
6/10
Yes
Gift Card Giveaways
200%
No
No
1/10
No
FunFair games, FUN token
Yes
Yes
Yes
1300+
No
Yes
No
Yes
No
6/10
Yes
Fantasy Sports
110%
Yes
No
3/10
Yes
Virtual Sports
Yes
Yes
No
6/10
Yes
Fast Deposits
100%
Yes
10
1/10
Yes
Sportsbook
255%
No
112
1/10
No
Daily Deal Bonus
100%
No
250
6/10
Yes
VIP Program
Litecoin has been in existence for almost 10 years. It is a fresh cryptocurrency so it is not as popular as Bitcoin. Gambling with this currency is still a new thing among players. You may be wondering why to gamble with LTC and what advantages it has over playing casino games with fiat money. We will explain everything in detail and review both its pros and cons when it comes to gambling with Litecoin.
At first, it may seem intimidating to buy Litecoin, but it’s pretty easy to purchase LTC anywhere in the world. Like other cryptocurrencies, there are no specific difficulties you will encounter when buying it.
Litecoin can be bought with a credit card, PayPal, or bank transfer. Keep in mind that the first two methods are likely to cost more – the fact is that in this case, the seller runs the risk of receiving a request for a refund. Before you buy Litecoin, you need to create a wallet to store them. Keep in mind that most exchanges sell Liteonic only for bitcoins (not for dollars or euros), so one of the options is to buy Bitcoin first and then exchange them for Litecoin on and exchange. After that, be sure to transfer Litecoin from the exchange to your personal wallet and never leave coins on the exchange. Transfer it directly to Litecoin casino.
What makes cryptocurrencies so popular and demandable among users is their speed and convenience. Litecoin alongside Bitcoin is one of the fastest currencies to use when gambling. This is especially true when you want to withdraw as it takes a few seconds with LTC, while it may take days with traditional money.
It should be noted that with Litecoin transactions are 4 times faster. Because the block generation time is reduced, the speed is increased. Bitcoins reach the recipient at best 10 minutes after being shipped. In the blockchain of Litecoin payment operation can get after 2.5 minutes.
At the same time, there is less transaction queue. The faster the payments are processed, the fewer transactions are held in a queue. Transfers are carried out quickly without increased commissions. And when it comes to Litecoin gambling online speed of transactions and a decreased time of waiting is pivotal for any player.
As has been mentioned above both Litecoin and casinos that accept it have been in existence for a short period of time. It is still in the development process. Gambling with Litecoin may still seem hard at first glance but we will be going to explain everything meticulously.
Here are the things which we will overview in the guide:
Depositing Litecoin is pretty easy, but you should follow the steps to do everything properly.
First, you have to create a crypto wallet – the thing, where you store your cryptos. It should be noted that there are two types of wallets – hot and cold. The hot wallet is connected to the internet. That is, it is possible to make a transaction to Litecoin online casino at any time. The cold wallet, respectively, has no connection to the network. You can’t use it offline, but you can’t hack it.
After creating your wallet you should deposit fiat money (it could be a dollar, euro, or any other currency) and exchange it into LTC. It proceeds instantly and you do not have to wait for a long time. Then you should copy a QR code or the LTC address of the casino you want to make a deposit and finally send the payment and provide the verification ID.
Like depositing, withdrawing is simple as well. After playing and collecting a certain amount of winnings you can withdraw them. However, keep in mind that some casinos have requirements for the minimum amount of money you can take out.
First of all, indicate how much you want to withdraw from the LTC casino deposit. There could be restrictions for the maximum amount as well. Then copy the transaction ID provided by the platform. After that, indicate the ID on your wallet to receive Litecoins.
The next step is pretty much optional for every player but you can indicate a larger fee for faster transactions. Finally, you are ready to receive a payment from the casino.
There is one factor which you should take into account when it comes to exchanging. Some casinos allow you to deposit LTC, but then expect you to exchange it into either their local token or into mBTC. There is usually no commission fee to exchange. Withdrawals will still work in LTC regardless. This could look confusing at first but everything is very simple.
Gambling with LTC has its advantages as well as disadvantages. We have mentioned that transactions on Litecoin casino sites with LTC are fast and they allow players to earn more, than with fiat.
At the same time, there are cons that you should consider. The games that you can choose to play with Litecoins are limited. Also, some casinos might be fraudulent and lack regulation.
| Pros | Cons |
| Fast and Efficient Transactions | Riskier Than Fiat |
| Lots of Games | Low Variety |
| Potential to Make More Than with Fiat | Potential Unsafe Options |
| Counts as an Investment |
So we have come to the final part of our guide – what makes Litecoin gambling so unique and attractive? First of all, Litecoin is easy to use. Furthermore, a lot of online casinos are accepting it as a way of payment. Like Bitcoin and other cryptocurrencies, because of its volatility, it allows players to make more money. It changes rapidly which only benefits the customers.
Moreover, Litecoin is the money of the future. It goes without saying that fiat money and casinos that accept it are still in majority and not going anywhere but sooner or later LTC gaming sites will replace them.
As has been mentioned above the Litecoin network processes blocks much faster than Bitcoin. The block in the Litecoin system is processed every 2.5 minutes, whereas in the case of bitcoin the same process takes about 10 minutes. This increase in speed allows Litecoin to process more transactions – and do so much faster. Speed is an essential factor when customers are choosing online casinos, as they do not like waiting too much.
With time more casinos are adding crypto to their platforms and Litecoin is no exception. Yet it is not as prevalent as Bitcoin, but the tendency of its growth is already visible. Furthermore, developers are making more and more games that are completely oriented to Litecoin. They are making a game atmosphere typical for cryptos to attract more customers.
In short, online gambling LTC is a good way to start playing and it provides users with numerous advantages.
