Cryptocurrencies are by far one of the best methods available for online gamblers to fund their casino accounts. Some of the most popular cryptocurrencies for real money online casinos include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC).
This article will focus on Litecoin, what it is, how it works, and which sites are the best Litecoin online casinos available today.
If you’re already familiar with Litecoin, great! Feel free to skip ahead to our LTC casino recommendations or any section throughout this page.
Comparing the Best Litecoin Online Casinos
Why Use Litecoin for Online Gambling
How to Make a Deposit Using Litecoin
What is Litecoin and How Does it Work?
Litecoin Frequently Asked Questions
Top Online Litecoin Gambling Sites
As Litecoin gambling sites become more widely accepted, more online casinos, poker rooms, and other real money online betting will start to offer bonuses for Litecoin deposits.
BetUS
BetUS is one of the top real money online casinos in the market today. Their game selection includes everything from the best online slots to live dealer blackjack. Plus, if video poker is your think, they have multiple variations like Jacks or Better, Deuces Wild, Aces and Eights, and Double Bonus.
BetUS Casino is one of those sites where it stands to deposit with crypto. They accept Bitcoin, Ethereum, Bitcoin Cash, and, of course, Litecoin. First-time crypto deposits get a 250% match up to $5,000. Talk about value!
Comparing the Best Litecoin Casino Sites
| Online Casino | Accepts Litecoin? | Deposit Bonus | Crypto Bonus | License |
|---|---|---|---|---|
 BetUS Casino |
Yes | 150% (non-crypto) | 250% (first deposit with any crypto) | Curacao Gaming Authority |
Why Use Litecoin for Online Gambling?
Litecoin is an excellent cryptocurrency for online gamblers to use. Because it offers faster transaction speeds than Bitcoin, the average casino player won’t have to wait hours for their deposit to be confirmed before they’re able to start playing.
It’s still secure, with better encryption and transactions that are recorded in a public ledger that cannot be changed or altered after the fact.
Not to mention that some online casinos offer specific promotions for cryptocurrency users, so hopping on the crypto train can reap you even more rewards.
Litecoin has already proven itself as one of the premier cryptocurrencies on the market, matching or beating major currencies like Bitcoin and Ethereum when it comes to value and security.
Will all of this said, Litecoin gambling sites are one of the best options when it comes to safe transactions and fast payouts.
How to Make a Deposit at an Online Casino Using Litecoin
The process for making a deposit using any cryptocurrency, including Litecoin, at an online casino is a bit lengthier than if you were to make a deposit using PayPal or a credit card.
However, once you get the basic set up completed, you can quickly make more deposits with the snap of your fingers.
Here’s a step-by-step guide to using Litecoin online gambling sites:
Step 1: You’ll have to open an account with a cryptocurrency exchange. This is a marketplace where you can turn your fiat currency, like USD and the euro, into cryptocurrencies like Litecoin.
Coinbase, Binance, and Kraken are all reputable crypto exchanges.
Step 2: You’ll then need to create a crypto wallet. Similar to how PayPal has a system of different accounts for different currencies, you’ll have one wallet for LTC and another wallet for BTC or ETH if you’re also using those cryptocurrencies at gambling sites. Some exchanges have inherent wallet features for you to story your crypto. But if you’re concerned about safety, you can use a third-party wallet like Exodus or Mycelium.
Step 3: After your wallets are set up, log onto the web portal of an online casino you like and go to the cashier or banking page.
Step 4: Select “Cryptocurrency” or something similar. You’ll be redirected to a crypto exchange page where you can make your deposit using LTC (or another cryptocurrency).
Step 5: After you successfully make your deposit, you should receive a confirmation email from your online casino. The transaction is immediate, but it might take a few minutes for the transaction to be added to the public ledger or blockchain of LTC transactions.
Please note that fees are very low for Litecoin transactions (.001 LTC) compared to Bitcoin (.0008 BTC). However, some LTC casino sites have a minimum withdrawal, so be sure you check the fine print before playing.
What is Litecoin?
Litecoin is a peer-to-peer cash system that is secured through electronic cryptography. Litecoin is a cryptocurrency, like Bitcoin or Ethereum.
It was created in 2011 by former Google engineer Charles Lee and is based on the Bitcoin protocol.
Litecoin operates nearly identical to Bitcoin, with some subtle differences that make it more efficient as an everyday currency. Because blocks are approved roughly every 2.5 minutes with LTC instead of every 10 minutes with BTC, transactions are processed faster.
For most online gamblers, this technology revolutionizes payment processing time when making deposits and withdrawals from your personal wallet.
How Litecoin Works
Litecoin operates much like other cryptocurrencies. Transactions are processed through the Litecoin network of miners, and miners are rewarded a small amount of LTC for using their CPUs.
There are a limited number of Litecoins on the market, and the high entry cost for mining (electricity, expensive GPUs, etc.) drives the scarcity of the cryptocurrency.
The value of cryptocurrencies like Bitcoin and Litecoin are determined largely by their scarcity. Because the number of Bitcoins available on the market already greatly exceeds what will ever be possible to mine, its price has ballooned into hundreds of dollars per coin.
Litecoin became available at a much lower entry point (the cost of electricity vs thousands+ per GPU), which means that even though there are far more LTCs in circulation than BTCs, each coin is still worth only half as much. But since Litecoin offers faster transaction speeds, increased security (it uses different encryption), and greater upside potential, Litecoin will likely be one of the top cryptocurrencies for years to come.
Litecoin vs. Bitcoin vs. Ethereum
Litecoin works very similarly to Bitcoin, but with some key differences that are important when considering online casino transactions. These include speed of transaction verification (2.5 minutes compared to 10), total number of coins that can be mined (84 million compared to 21 million) and transaction fees (0.01 LTC per KB compared to 0.0005 BTC).
Ethereum is another cryptocurrency of choice for many of today’s online casinos. Ethereum works slightly differently from Litecoin or Bitcoin, and transactions take about 12 seconds to complete, making it slower than its counterparts.
However, Ethereum is a much more sustainable cryptocurrency. The astronomical electricity consumption of Bitcoin and Litecoin miners make them expensive to break into, but they also pose severe environmental problems.
Consuming so much power increases demand for electricity, which increases pollution.
Ethereum, on the other hand, has been optimized to consume far less electricity than BTC and LTC, making it far easier to begin mining, and much better for the environment.
All three cryptocurrencies are great methods for moving funds to and from online casinos. They’re all secure and faster than conventional banking methods, like credit cards or e-wallets.
Litecoin Casino FAQ
A lot of people who are looking to play online casino games for money don’t actually know much about what Litecoin is and the benefits that go along with using it. Below we have done our best to answer the many questions that we get about Litecoin online casinos and how it all works.
-
What Is the Difference Between Litecoin and Bitcoin Cash?
Bitcoin Cash was developed to solve some of the problems that Litecoin didn’t. For example, transaction speed and scalability issues. Their proponents often say that Bitcoin Cash is Litecoin with more block capacity. Many online casinos accept Bitcoin Cash as a form of payment.
-
What Cryptocurrency Is the Best for Online Gambling?
As it stands, depositing with Bitcoin can reap you more rewards than any other crypto. Most online casinos offer some kind of Bitcoin incentive, even if it’s a small 5% bonus. But if you’re not concerned with the small additional promotion, online gambling with Litecoin is a great option because it’s faster than Bitcoin. And if you’re concerned about the environmental impact of your crypto, Ethereum is a good option.
-
Where Can I Get the Largest Bonus for Using Litecoin?
BetUS offers a 150% first deposit bonus for any cryptocurrency, including Litecoin. Their offer is one of the highest in the industry. You’ll find that there are plenty of Litecoin online casinos offering lucrative bonuses.
-
Can I Bet on Sports Using Litecoin?
Yes! There are many Litecoin betting sites that you can use that are safe and reputable. Our top choice for sports betting sites that accept Litecoin is BetUS. They offer a wide variety of sports to choose from as well as an excellent welcome bonus to new depositors.
-
What is the Best Poker Site Accepting Litecoin?
When it comes to finding the best Litecoin poker sites there are several legit options available to you. After doing our due diligence, we have found Bovada Poker to be the very best online poker room that accepts Litecoin deposits. Their 100% first time deposit bonus will also help you double your bankroll right away.