Litecoin or LTC is a leading cryptocurrency along with Ethereum and Bitcoin. It is widely known as an alternative to Bitcoin, which led to its becoming known as one of the major altcoins.
Litecoin is available in more than 100 countries and can be used to pay for services, products and online casinos. This article aims to show you the best Litecoin online casinos and their advantages as a payment method.
You will also learn how to make Litecoin deposits and its pros and cons.
Online casinos that accept Litecoin are on the rise. Litecoin comes with a myriad of benefits which makes online gambling convenient, effective and anonymous. Check out the below reputable Litecoin Casinos at JohnSlots.
Why Should You Play at Casinos with Litecoin?
As one of the most prominent altcoins, there are pros and cons to using this payment method. Since all transactions are completed on a blockchain, it is considered highly secure.
The Pros and Cons of Litecoin
Take a look at our helpful chart to get the gist of Litecoin’s pros and cons.
PROS OF LITECOIN
CONS OF LITECOIN
Fast and effective deposits and withdrawals
Not all online casinos accepts cryptocurrencies
Many casinos give away special crypto bonuses
Litecoin is highly volatile
Extra layer of security and a degree of anonymity
Fees for sending and receiving Litecoin
Extremely fast payments
It can be difficult to get used to it as a first-time user
No sensitive information are shared with the casino
It is not possible to reverse charges
Litecoin deposits qualify for welcome bonuses
Can be confusing if you don’t know the value of Litecoin
How to Deposit with Litecoin at an Online Casino
Making a deposit using Litecoin at an online casino is quite easy. To start things off, you must first pick a legit Litecoin casino of your choice and sign up for an account. Some casinos may require you to complete some security checks before they can receive deposits.
You must also be sure that your funds set in a crypto wallet can actually send funds to a casino. You should read the terms and conditions to avoid any unnecessary hassles or delays. Use the following steps:
Set up your account
Select a casino from our list
Choose Litecoin as a payment method. Head to your crypto wallet
Enter the amount you would like to deposit and input the address you wish to send the funds to
Enter your account details and click confirm
Go back into your casino account
Litecoin and Bonuses
One of the biggest advantages of playing with Litecoin is that many online gambling sites tend to offer separate crypto bonuses specifically for crypto users. Players can also claim a welcome deposit bonus. Unlike e-wallet options Skrill and Neteller, casinos have no qualms with giving away a welcome bonus to crypto users.
Very often, if you want to claim a special Litecoin bonus, you may need to input the associated casino bonus code either in the appropriate section when making a deposit or you may need to get in touch with a member of the customer support team.
This would all depend on the Litecoin casino you are thinking of signing up to. It is always best that you read the terms properly to ensure you don’t miss out on any bonuses you are thinking of claiming.
Fees When Using Litecoin for Deposits
Litecoin casinos do not charge their users any fees for depositing or withdrawing funds in LTC, though some may do. Litecoin itself comes with some fees, though they are quite low. Like all other cryptocurrencies, all transfers are processed over Blockchain technology. There are some network fees associated with this though those may vary depending on how busy the network is at that time.
Other fees may be charged by your cryptocurrency wallet. This usually entails a percentage of how much you wish to transfer or by online casinos if they want to convert your Litecoin into a fiat currency.
Minimum Deposits with Litecoin
The minimum deposit with Litecoin is usually 0.01 LTC, though this would depend on the Litecoin casino you are thinking of signing up for.
It is always best to have a look at the Payment Methods page of any online casino you are thinking of signing up for, so you can have a clear overview of the minimum and maximum limits as well as any fees associated with your chosen method.
How Fast are Litecoin Deposits?
The speed of deposits will normally depend on the miners. The casino cannot do anything to speed things up. The quicker they confirm the payment, the quicker your money will arrive in your casino account. The maximum time for Litecoin payments is two minutes, but in most cases, deposits tend to crop up within a few minutes.
It is of vital importance that you check the address of the casino’s wallet to ensure you don’t send it to the wrong wallet.
There is very little that your crypto wallet can do to help you with this. If there are any delays, you can check with the casino by getting in touch with the customer support team. The team would have a rough idea of how long Litecoin deposits can take to reflect in a player’s casino account.
How to Withdraw with Litecoin at an Online Casino
Making a withdrawal using Litecoin is similar to deposits. The minimum withdrawal is similar to the minimum deposit amount, standing at 0.1 LTC. This may vary from one casino to another although, that’s usually the minimum for this payment method. There may be a casino fee applicable. Check the casino’s payments page to learn more about the processes. Use the following steps:
Head to your online casino’s withdrawal page
Select this payment method as a withdrawal option
Enter the amount you wish to withdraw
Approve the withdrawal
Can I Always Make Withdrawals with Litecoin?
Not all online gambling sites accept Litecoin, to begin with. The general rule is if a casino accepts LTC deposits, it also accepts LTC withdrawals. Most crypto casinos accept Litecoin as it is one of the most popular cryptocurrencies, along with Bitcoin, Ethereum, Dogecoin and Ripple.
In the rare chance that a casino that accepts LTC deposits does not accept LTC withdrawals, you will be asked to pick a different cryptocurrency to convert to. It is important to be mindful of the volatility levels of cryptocurrencies. Cashing out in another method can result in a loss of value.
Once the casino has confirmed your LTC withdrawal request, it should not take more than 2 hours to be processed and to land back into your e-wallet.
How to Choose Online Casinos that Accept Litecoin
To have a positive gambling experience, all checks must be carried out to ensure your safety at a Litecoin Casino. There are many factors to pay attention to when making a choice, including: Valid gambling license: Your chosen Litecoin Casino must be licensed and regulated by a reputable gambling authority. All games must also be regularly audited by independent third parties. A valid license is a sign that the games on the site provide you with real chances of winning.
Casino bonuses: The majority of casinos offer a welcome deposit bonus, but what about regular promotions? Check what other promotions or loyalty schemes the casino of your choice is running.
Software game providers: Check what game developers and games are available. The bigger the selection the better it. The availability of leading providers adds an element of trust to the casino.
Various payment methods: Playing with Litecoin is great, but you should also check that the casino accepts other payment methods, in case you are unable to request Litecoin withdrawals.
Terms and conditions: Are the terms and conditions for bonuses fair? Pay close attention to the wagering requirements and other terms that may impact your gambling session.
Similar Payment Methods to Litecoin
Litecoin gambling may not be easily accessible by everyone or to their liking. There are many other alternatives to this payment method that allow you easy access to casino games:
Bitcoin: While there are many cryptocurrencies available on the market, nothing quite beats Bitcoin when it comes to its reputation. It is widely available across online casinos
Skrill Skrill is a leading digital payments provider that allows you to make deposits and withdrawals. It comes with low fees but is considered one of the fastest methods around.
Paysafecard: PaySafeCard is a prominent prepaid voucher that enables users to purchase services online. While you can use this method for deposits, it is not always possible to cash out.
Play at a Litecoin Casino and Enjoy the Rewards!
Players who are wary about sharing their financial and bank card details should look no further than Litecoin. Not only does it offer an extra layer of security, but it also gives you a degree of anonymity. With quick deposits and even faster withdrawals, Litecoin is the ideal payment method for savvy players.
FAQ
Here are the answers to some of the most burning questions asked on Litecoin.
How do I use Litecoin to make payments at an online casino?
Using Litecoin to make payments at a casino is straightforward. You only need to pick a Litecoin Casino of your choice and register for an account. Pick ‘Litecoin’ from the list of payment methods and input the amount you wish to deposit. You will be given the casino’s Litecoin wallet address. You simply need to send the funds to that address and that’s it!
H3: How do I know if I’m playing at a legit Litecoin online casino?
Due diligence must be carried out when looking to sign up for a casino. While Litecoin is a very safe method, there is still the opportunity to sign up for a rogue casino with questionable games. Look for signs of a valid gambling license in the footer. Alternatively, sign up for a Litecoin Casino promoted on this page. All checks have been carried out.
Is there a Litecoin casino bonus?
Very often, online casinos run special crypto bonuses available. A Litecoin casino bonus is a special bonus available specifically for Litecoin users.
Are there any fees to pay for using a Litecoin casino?
Some Litecoin wallets tend to charge a small percentage when using Litecoin for transfers. Casinos may or may not add an extra fee on top. Generally speaking, the fees are very low.
Do all casinos take Litecoin?
Not all online casinos accept Litecoin. However, many casinos which accept cryptocurrencies often accept Litecoin, as it’s a leading altcoin.
A minimum deposit of €20 applies. 45x wagering applies. Free spins are for Big Bass Bonanza and spread out over 5 days. Full terms and conditions apply. 18+ only.
A minimum deposit of €20 applies. 45x wagering applies. Free spins are for Big Bass Bonanza and spread out over 5 days. Full terms and conditions apply. 18+ only.
