With the expansion of cryptocurrencies, there has been a large number of crypto casinos that have added support to different digital assets. Although Bitcoin (BTC) is the most popular virtual currency, other coins such as Litecoin (LTC) are becoming increasingly popular among the gambling community.
This is almost a natural step forward. Litecoin, as well as other large-cap altcoins, have many advantages over Bitcoin. Hence, we see gamblers starting to use LTC to deposit and withdraw money from some of the most recognized crypto casinos in the market.
Due to its longevity (it was created in 2011), its market capitalization, and its unique features, Litecoin is now among the fastest and most useful currencies to use. In the future, new crypto casinos could add support to LTC if they didn’t do so until now.
In this guide, we will share with you all the details about Litecoin casinos and why LTC became one of the best currencies to use for gambling. If you were using Bitcoin to gamble on different platforms, then Litecoin could offer you better solutions due to its unique characteristics.
💡 How does Litecoin work?
Litecoin is one of the fastest and cheapest cryptocurrencies to use. One of the positive things about Litecoin is that it is very similar to Bitcoin. Indeed, LTC was created as a fork of Bitcoin, meaning that it shares many of its characteristics.
Litecoin was created by Charlie Lee, the Ex-Director of Engineering at Coinbase. Since 2011, Litecoin has been growing as “the silver to Bitcoin’s gold” as it is faster and cheaper to use than BTC.
If you already use Bitcoin, then using Litecoin would not be difficult for you. Indeed, you would be able to deposit and withdraw funds from gambling sites as you already do. The only difference would be related to the wallet addresses you use. Litecoin addresses are different from Bitcoin addresses (pay attention to this).
Moreover, Litecoin transactions tend to take no more than 2.5 minutes to be processed compared to 10 minutes BTC transactions. Additionally, an LTC transfer could cost as low as $0.01 to be processed while a BTC transaction could be above $1 (or even higher if the network is congested).
👉 How to buy Litecoin?
Let’s now try to understand how to get Litecoin and use it to play on some of the best casino platforms. In general, when you want to acquire any cryptocurrency, you could do so through crypto trading platforms (crypto exchanges).
Through these platforms, you will be able to deposit fiat currencies (USD, EUR, GBP) and purchase Litecoin or any other cryptocurrency available in this exchange. But which platforms should you use?
This would highly depend on the trading fees, withdrawal fees, and availability in your region. Most crypto trading platforms require you to pay a fee to withdraw your funds. If you are using Litecoin to play online casino games, you want to make sure that you calculate the withdrawal fees from exchanges.
There is another way to get access to Litecoin. We are talking about crypto wallets. Some wallets offer advanced solutions to investors. These solutions include buying and selling digital currencies. In this way, you will not have to buy LTC to play at online casinos using an exchange, but you will have direct access to LTC with your wallet.
🛡️ How to properly store Litecoin?
Now that you have purchased your LTC for gambling, you need to make sure that you properly hold your LTC coins. But how to do so?
If you are using an exchange, you should know that these platforms are usually targeted by hackers and attackers. This is why you want to make sure that you hold your coins in a cryptocurrency wallet.
However, you do not only need to hold your LTC coins on wallets, you should make sure that you hold the private keys to this wallet. If you deposit and withdraw funds from casino sites, you want to make sure that your wallet is protected.
If you hold Litecoin for a longer period (for example, you are a long-term investor), then you could use a hardware wallet, which is safer than a software wallet. Instead, if you are using LTC to deposit and withdraw funds from online casinos on a regular basis, then you might find it more useful to use a software wallet.
Remember that the most important thing about cryptocurrency wallets is holding your private keys. Without the private keys, another institution or company might be the custodian of your coins.
↔️ How do Litecoin deposits and withdrawals work?
If you already know cryptocurrencies and you’ve handled Bitcoin or Ethereum (ETH) in the past, then it will be very easy for you to manage Litecoin deposits and withdrawals. If you want to play at Litecoin casinos, then you should search for gambling sites that support LTC.
Once you have selected the platform you want to use, you will have to send LTC from your wallet to the deposit address. This can be done in just seconds and as soon as you get the deposit information from the casino. In some Litecoin gambling sites, you might have to pass KYC checks before depositing funds.
An LTC transaction is cheap and fast. You will receive your LTC coins in minutes (close to 3 minutes) and you will pay a very small fee (sometimes $0.01). Now you will be able to play your favorite games using LTC.
If you want to withdraw LTC from a casino platform, the process is the same but in the other direction. You will have to request a withdrawal and add your wallet address. If you hold your LTC coins in a crypto exchange, you will also have to select the LTC wallet from this platform.
🎲 What games can you play with LTC?
The types of games that you will be able to play with your LTC coins would highly depend on the casino platform you select. Remember that not all websites have the same games. However, most of these sites will let you play slots, live and table games using Litecoin and other virtual currencies.
To have a clear understanding of the platforms that support Litecoin, you should filter them. In this way, you will know, which are the casino sites that allow you to bet with LTC coins. Once you have done that, you will also have to search for the games you like the most.
As you might already know, not all crypto-friendly casinos have the same games. Indeed, they will have different game providers depending on the license they hold. The larger the number of games providers, the larger your possibilities of finding the games you like the most.
It is also worth taking into consideration that some platforms might have bonuses and promotions to users that play with LTC or other virtual currencies. This is why you should check how you could start playing at LTC casino.
🪙 What coins can be used for gambling besides LTC?
Different cryptocurrencies can be used for gambling besides Litecoin. This is due to the fact that the cryptocurrency market has more than 10,000 digital assets. Not all of them will be available at casino platforms, but most of the top 20 will be supported.
Bitcoin is the largest cryptocurrency and the most accepted worldwide. Considering this was the first virtual currency to be released to the market, there is a larger number of casinos allowing their customers to bet with Bitcoin. Despite that, Bitcoin is usually slower and more expensive to use than other altcoins.
Ethereum, instead, is a faster and sometimes cheaper option than Bitcoin to gamble at online casinos. This virtual currency is now the second-largest in the world right after Bitcoin. Due to its expansion in other markets such as DeFi or NFTs, ETH became a highly useful digital asset to play a wide range of games. Nowadays, some casinos offer unique ETH games and promotions.
Dogecoin (DOGE), one of the largest digital currencies, has also been added to a wide range of casinos that support virtual currencies. Despite being considered a meme coin, DOGE is now among the fastest and cheapest digital currencies in the world.
For users that prefer to use stablecoins, Tether (USDT) became a very useful digital asset to play at online casinos. Rather than having a fluctuating price, Tether has its price tied to the US dollar. That means that users will have the benefits of using a digital asset that has a stable value but behaves as a cryptocurrency.
There are many other virtual currencies that could eventually be used at LTC casinos. The variety of coins is large and gambling sites know that there are users that would like to use their coins for gambling. Although we are not able to cover in this article all the virtual currencies available, you could definitely check which coins your favorite casino supports.
🔎 KYC in Litecoin casinos
Unfortunately for many users, several LTC casinos will require you to go through Know-your-Customer (KYC) checks. This is strictly necessary as most Litecoin casinos work with a license and are required to pass KYC checks on a regular basis.
You might find some online casinos that would not require you to pass these verifications. However, this would highly depend on how lucky you are not to activate these checks. This is a mandatory thing for most gambling websites that offer support to virtual currencies.
That means that you should be prepared to present paperwork if you are a person that likes to spend large amounts of money. It does not matter if you bet with LTC or with another digital asset.
Governments all over the world require platforms that handle money to process these checks. Some jurisdictions might be more user-friendly than others, but this is nowadays an industry standard that you will have to pass.
Sometimes, the checks come when you withdraw funds from the casino. In some other cases, the KYC control will be activated after registering your account. Other platforms prefer to conduct KYC checks at any moment. Everything depends on the platform you use and the number of funds you gamble.
Furthermore, you should always read the terms and conditions to understand how KYC controls are conducted. This could help you avoid problems in the future.
✔️ How to choose the best Litecoin casino to play?
There are some ways in which you could select the best Litecoin casino. We should definitely analyze the reputation of the brand, the countries where the gambling site operates, the games they offer, the welcome bonus, and more. The following is a list of things you should check from LTC casino platforms if you want to have some of the best experiences with them.
Check their reputation
The first thing you should do is check the reputation of the platform. This can be done using a wide range of online tools. A fast Google search could let you know whether the Litecoin casino experienced problems or if they faced problematic issues.
When analyzing these reviews, you want to make sure that withdrawals are processed without problems that KYC controls do not interfere with your gaming experience and that customer support is ready to help you with unique answers rather than copy-pasted text.
This does not mean that there might not be negative comments. Indeed, these negative comments would also let you understand how well the casino solves the issues that arise. If you see that the same problem gets repeated, then this should be considered a red flag.
Furthermore, you should also do a fast check of the platform to search for other types of things that could let you understand how this online casino operates.
Country check
As you might already know, not every casino lets people from every country play on their platform. This happens because they have a license that limits the number of countries to where they can offer services.
Before you start playing or depositing money at an online Litecoin casino, you should carefully analyze whether your country is on the list of supported countries. If you find that you cannot play from your location, you should definitely talk to customer support and get additional information.
Although it is not recommended, you could also use a VPN to get access to the best LTC casinos. But you will also have to check whether the website allows you to use a VPN. Some platforms might forbid it and others could be 100% open to them.
This also brings us to the fact that you should always read the Terms and Conditions before playing at an LTC casino. You will find all the information you should get about the platform and how it works.
If you start playing at an online Litecoin casino without reading the Terms and Conditions, you expose yourself to having problems and troubles when using the platform. We talk about minimum deposits or withdrawals, games you can play, the use of VPN, and many other things.
Games
Let’s now move on to the games that you can play at an online LTC casino. Most Litecoin gambling sites nowadays have a large number of games available for users. When we use LTC we want to make sure that the casino offers the games we want to play.
In order to do so, you can check the game lobby located on the official site. On the home page, there will be a menu with the list of games they offer. You should check if the game you are searching for is available on this platform or not.
Furthermore, you should make sure that these games allow you to bet with LTC. Remember that even if a casino accepts Litecoin (or any other virtual currency), not all the games might support the usage of this coin. This is why you want to make sure to control that. If you want to be 100% sure about the games that support Litecoin, you can always talk to customer support and have a double confirmation.
Finally, when you have a look at the games, you should also check the winning rates of these LTC games. If the casino offers you this information, then this is a positive thing. Instead, if you do not find information about the winning rate, it might be more difficult for you to decide which games to play.
Welcome offers
In order to select the best Litecoin casino to play, you should analyze the welcome offers they have. Before we continue, if a website does not offer a welcome bonus, don’t take it as a negative thing. It is worse to have an LTC casino with a welcome bonus with huge wagering requirements than no welcome bonus at all.
This is why checking the welcome bonuses and their Terms and Conditions is definitely important. When you select a casino just for their welcome offer, you want to make sure that they are available for LTC deposits and they have small wagering requirements.
If you find that the casino is making everything possible for you not to enjoy the welcome bonus (huge wagering requirements, limiting the games you can play, etc), then you should definitely avoid this platform. Those online casinos show that their greed is larger than the services they offer to their clients.
Loyalty programs
Now let’s move to loyalty programs for Litecoin casinos and how they could be definitely helpful to decide which website to use. The more you use a platform, the better it would be for you. This is the goal of loyalty programs. They basically reward you while you play. The more you play, the more you earn.
But there are some tricks that casino games usually follow to push you to play more than what you would like. They try to make their loyalty programs very difficult to achieve. You want to make sure that the loyalty program is easy to understand and easy to follow.
If you can play some days and without a lot of money and advance to the first loyalty program level, then this should be considered positive. Instead, if the LTC casino requires you to gamble thousands of dollars and play for several months to get to the first loyalty level, then you might want to avoid that.
Withdrawal fees
When you have played and enjoyed at an LTC casino, you will definitely want to withdraw your funds. After all, LTC is easy to handle, fast and cheap. You want to use these advantages in your favor.
If you see that the casino platform has high fees for LTC transactions, then they are not being fair with players. This shows you that you must pay attention to even the smallest detail before you decide to play games. You must be able to use your LTC without overpaying.
Furthermore, if you see that transfers take longer than the usual 2.5 minutes of LTC transactions, then you might not be able to enjoy the benefits of using LTC to play casino games.
👍 Pros and cons of Litecoin gambling
In this section, we share with you some of the pros and cons of Litecoin gambling that you should consider before playing with LTC.
Pros
- It is usually cheaper and it has faster transaction times
- LTC for gambling is widely available
- There are thousands (if not millions) of LTC holders
- It is one of the largest virtual currencies in the market
- Litecoin is a recognized and secure digital asset compared to others (it has been released in 2011)
Cons
- Many games might not be available for LTC gamblers
- Not all casinos offer support for Litecoin players
- Some operators could eventually have additional withdrawal fees