There is no definitive answer as to which Litecoin Casino is the best. There are many safe and reputable casinos to choose from. If you don’t specifically want to play completely anonymously, then your best bet is to choose a licensed and regulated Litecoin casino for an extra level of safety. Our Litecoin casino reviews will help you choose the best casino for you.
Best Litecoin Casinos
Cryptocurrencies are continuously gaining popularity and becoming more mainstream. One of the reasons for crypto adoption is that they have moved beyond being a speculative asset. Cryptocurrencies are finally becoming an effective and functional way to transact. An industry where crypto is being embraced is iGaming. Beyond Bitcoin and Ethereum, one of the most popular cryptocurrencies for betting online is Litecoin (LTC).
Every day more and more online casinos and betting sites are adding support for cryptos like Litecoin. Many of these casinos are traditional legacy sites that still offer the option of fiat currencies and have simply added crypto to their offering. However, there has been a surge in recent years of new, crypto-centric casinos.
At CryptoCasinoInfo.com we are here to guide you when it comes to the best Litecoin casinos. We will help you understand this exciting new technology, how it works, how to transact with Litecoin and the pros and cons. Armed with this information and our detailed crypto casino reviews, you’ll be ready to choose the best Litecoin casino for you.
What is Litecoin
Litecoin is a blockchain-based cryptocurrency that was founded by Charlie Lee, a former Google software engineer and also headed up engineering for Coinbase (a large leading crypto exchange). Litecoin was launched at the end of 2011 and very quickly made its way into the top 10 cryptocurrencies.
Litecoin (LTC) was designed around the concept of the Bitcoin protocol but optimized to be lighter and faster with higher transaction throughput. All of this has resulted in Litecoin being a secure, low-cost payment solution that uses blockchain technology to achieve all of this. Thanks to its utility and low fees, LTC is accepted by thousands of merchants across the globe and is becoming a firm favorite amongst gamblers.
As mentioned, Litecoin uses blockchain technology. The Litecoin network is a decentralized network of computers (nodes) across the world that process and verify all transactions. The data is written in blocks that are linked (chained) to each other and added to the public ledger (database). This approach, combined with the encryption involved, ensures a highly secure platform where once a transaction is confirmed by the nodes, it cannot be altered, edited or cancelled. The Litecoin network is the technology infrastructure, whereas the native token (digital coin/currency) of the network is known as LTC.
Similar to Bitcoin and Ethereum that have a maximum number of coins that will ever be in circulation, Litecoin has a maximum supply of 84 million coins. Unlike fiat currencies where central organizations and governments can print more money, this maximum supply helps curb the effects of inflation.
With all of these effective features, it is no wonder that casinos and gamblers are choosing Litecoin as a cheap, quick and effective way to transact online.
What Are Litecoin Casinos?
In essence, a Litecoin Casino is an online casino that supports payments with LTC. Long-standing online gaming sites have traditionally only accepted fiat currency payments like US dollars, euros, British pounds etc. However, with the growing popularity of cryptos like Litecoin, these casinos have added the option for their players to use cryptocurrencies like LTC.
On the flip side of the “digital” coin, in recent years, more and more dedicated crypto gambling websites have emerged. These sites only accept cryptocurrency payments like LTC. It is worth noting that some Litecoin casinos will accept deposits of LTC and then convert this to a fiat currency balance for the player to use. When it comes time to withdraw, the casino then converts the fiat balance back to LTC and transfers this to the player. One issue with this to bear in mind is the conversion rates used and the constantly fluctuating value of LTC. In some cases, this can work against you if the value of LTC goes down, but if it rises, you could gain from it.
The alternative to this is casinos that accept LTC deposits, and your player account is held in LTC. Then, when you withdraw, they transfer LTC back to your crypto wallet.
Overall, the Litecoin Casino experience is nearly identical to their fiat-based cousins, except for the transaction process. Let’s explore some more about Litecoin casinos and how to pick the best Litecoin casino to play at.
Litecoin Casino Games
If you’re wondering what games you can play at a Litecoin Casino, the short answer is pretty much everything you would find at a traditional online casino.
Crypto casinos, old and new, offer games from all of the industry’s leading game developers such as BetSoft, NetEnt, Play’n GO, Microgaming, Pragmatic Play, Yggdrasil, Red Tiger and many more. If you love slots, you will find thousands of titles to choose from. If you are into tables games, there are hundreds of variations of blackjack, craps, baccarat, roulette, poker, etc. All the best Litecoin Casinos also offer Live Dealer games, where you can enjoy playing and interacting with other players and even the dealers. Beyond all the casino games, many Litecoin Casinos also have extensive sports betting, bingo and poker offerings.
Litecoin Casino Bonuses
Bonuses are an integral part of the online gambling experience, so it’s no surprise that Litecoin Casinos offer a plethora of bonuses and promotions to welcome you to their brand and keep you engaged for longer.
When it comes to welcome packages you can expect to receive a deposit match bonus up to a certain amount with your first LTC deposit. Typical Litecoin bonuses you will see are 100% up to 5-10 LTC, however, some Litecoin casinos are even more generous. You should take note that many crypto casinos display their welcome bonus in Bitcoin (BTC), but you will get the equivalent value when you use LTC. Along with the deposit match bonus, you may also receive some Free Spins too.
Because of the wide disparity in bonus offers from Litecoin casinos, you might be tempted to jump at the biggest number you see. However, before you get blinded by the big numbers, you should check out the terms of the offer because, on the surface, the LTC bonus might look really attractive but has some serious strings attached. Here are some factors to consider before claiming a Litecoin Casino Bonus:
- Minimum deposit amount
- Maximum bonus that can be claimed
- Do LTC deposits qualify for the bonus (some crypto casinos only offer the bonus for BTC deposits)
- Wagering requirements before being able to cash out
- Maximum bonus winnings that can be transferred to your real money balance
- Bonus time limit or validity
- Maximum daily or weekly withdrawal amount
- Any additional fees
To keep you as a loyal player, all the best Litecoin Casinos offer ongoing promotions and bonuses. You can expect daily offers, cashback deals, free spins, slots tournaments and other exciting deals. Along with these extra perks, most LTC casinos also have loyalty programs that reward you with points for playing. The points can then be redeemed for other special offers and rewards.
Litecoin Casino Deposits
The first thing you will need before joining a Litecoin Casino is a crypto wallet with LTC in it. If you are new to crypto, a wallet is exactly that, it’s a digital wallet where you store your crypto like LTC. With your wallet, you are able tosend and receive crypto. There are a variety of different crypto wallets, but the most popular and convenient are apps that you install on your smartphone. There are many top-notch wallets available that are free.
LTC can be bought through most crypto exchanges. You will need to register for an account and then you will be able to exchange your fiat currency for LTC. The easiest way is with a credit card, but just be aware of the extra fees. The exchange will provide you with the option of using an online wallet hosted with the exchange, but ideally, for improved security, you should rather store your LTC in your personal wallet. Overall, the process of buying LTC with an exchange is really intuitive and within minutes your LTC will be in your wallet. Once you have LTC in your wallet, you can then transfer it to your Litecoin casino account.
Depositing with Litecoin
- Log into your player account and go to the cashier. Usually, you will see a “deposit now” button that will take you directly to the deposit page.
- If the casino supports multiple crypto options, select the Litecoin option.
- You will see a Litecoin address and possibly also a QR code. The long string of numbers and letters is the address you will send (deposit) LTC to.
- Open your crypto wallet and select “send” or “transfer”.
- Enter the Litecoin address you see displayed in the casino cashier. If you are using an app on your phone then scan the QR code and it will auto-populate the address for you.
- Double-check that the address is exactly as shown (you don’t want to send LTC to the wrong address)
- Enter the amount of LTC you want to transfer.
- Then, submit or send.
- Within a few minutes, the transaction should be confirmed, and your casino balance should reflect your LTC deposit.
Withdrawing with Litecoin
- Log into your player account and go to the cashier.
- Choose the withdraw option. Before continuing, be sure that you don’t have any pending wagering requirements that could prevent you from cashing out.
- Enter how much LTC you wish to withdraw.
- Provide your LTC crypto wallet address. This is your public address. (Never reveal your private key to anyone, not even the casino support).
- Double-check you have entered your LTC address accurately.
- Submit the request.
- Depending on the casino it could take anywhere from a few minutes to a few hours for them to process the request and transfer the LTC to your wallet.
Advantages of Litecoin Casinos
Secure – One of the greatest strengths of crypto is the built-in security and encryption.
Decentralized – There are no centralized organizations or governments that control the Litecoin network. You are in control of your funds.
Anonymous – You can gamble without your bank or authorities snooping around your transactions. Some Litecoin casinos will even allow you to join and play without you needing to reveal your name or personal info. However, almost all licensed casinos will still require this info and for you to complete KYC verification.
Reliability – You transact directly with the Litecoin casino without any 3rd party payment processors involved. This improves reliability and reduces fees.
Fast Transactions – Deposits and withdrawals can be completed within minutes.
Low Fees – Litecoin transactions are generally much cheaper than traditional fiat payments.
Disadvantages of Litecoin Casinos
Volatile – An unfortunate characteristic of crypto is the prices can fluctuate substantially in a short space of time. This means the value of your LTC balance could be worth a lot less, but it could also go up.
No Chargebacks or Recourse – Once you transfer LTC, it cannot be undone. Unlike a credit card where you can dispute a transaction and even chargeback, crypto does not offer this. This is a key reason why it is essential to only join the most reputable and best Litecoin casinos.
Litecoin Casino FAQs
Which is the best Litecoin Casino?
Are Litecoin and crypto casinos just a passing fad?
For many years, there have been crypto sceptics who claimed that crypto would never take off and go mainstream. However, in the last few years, crypto has established itself as the future of money and the industry is advancing and worth trillions of dollars. With this in mind, we can expect Litecoin casinos to become mainstream too.
Is gambling at a Litecoin casino legal?
This all depends on where you live and the local laws and regulations that govern gambling and cryptocurrencies. To be on the safe side, you should check your local laws and stick to gaming with licensed and regulated casinos for your region.
Manuel lives in Argentina and is very passionate about casino games and the adrenaline that the games imply. Manuel has also a burning interest in the crypto market and its opportunities. In his free time, he likes to do extreme sports in nature, such as climbing the mountains of Patagonia and diving in the sea.