Litecoin Casinos
Recently, here in the Sunflower State, we have seen a rise in the popularity of cryptocurrency casinos. Although many simply think about Bitcoin casinos, there are now all different types of crypto casinos around, with Litecoin casinos starting to gain more traction.
In this guide, we’ll look at exactly what Litecoin is, how it works at online casinos – and how to choose the best Litecoin casino for you. So, whether you are new to crypto gambling or are already familiar with Litecoin – LTC casinos, we’ll point you in the direction of the best Litecoin casinos out there!
Updated on August 31, 2023
Fact checked by: Kuba Bogdanski
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What is Litecoin?
So, firstly, what exactly is Litecoin? Well, Litecoin (LTC) is a cryptocurrency – a digital payment option, which means there is no physical format of the coin. It runs on blockchain technology, which is incredibly secure, giving users the confidence that their money is completely safe.
It is very similar to Bitcoin – but was created to solve some of the problems encountered by Bitcoin users, such as the transfer confirmation time frame and the fees attached to Bitcoin transactions. As such, Litecoin is often referred to as the ‘Silver’, to Bitcoin’s ‘Gold’. However, it is faster and cheaper to use than its more famous predecessor.
Currently, LTC transactions take around 2.5 minutes compared to Bitcoin’s 10 minutes, with fees around $0.0024 per transaction – a fraction of Bitcoin’s $0.68 per transaction.
As a digital currency, it is decentralized, which means that it isn’t tied to any centralized body – no bank, country, government or compare financial institution. Instead, verified users on a network of computers will confirm your transactions as they happen.
This also means that it is completely anonymous, so your gambling transactions won’t be visible on bank statements visible to governments and creditors. It is the speed, low fees and anonymity that have made it so popular in the online gambling sphere.
Since its release in 2011, it has had highs and lows – reaching as high as $375 per coin in 2017 but is very much influenced by crypto markets, meaning its value fluctuates dramatically. This does mean, however, that the value of your crypto can drop in just a few minutes.
Litecoin Casino Advantages and Disadvantages
So, let’s look at the pros and cons of gambling with Litecoin at Litecoin casinos:
When using Litecoin in casino sites, transactions are quicker.
Lower transaction fees.
Secure blockchain technology.
Anonymous.
Not yet accepted at all online casinos.
Some LTC casinos aren’t properly licensed.
Can lose value quickly.
Often you cannot play using LTC. Although you can deposit with Litecoin, the money will be exchanged into a fiat currency with exchange rates applied.
How to Use Litecoin in an Online Casino?
If you like what you read so far and want to try it out for yourself, then here is a quick guide to how to play with LTC at your chosen casinos.
- Create Your Litecoin Wallet Your first step is to create a Litecoin wallet. You need to compare the different Litecoin wallets out there to see which one is best for you.
- Buy Litecoin When you have a wallet you will need to find a cryptocurrency site to buy Litecoin. Look for a site that offers low fees and secure exchanges. Choose how much LTC you want to buy.
- Sign Up for your Preferred LTC Casino Now you have an LTC wallet and Litecoin, you can sign up for your chosen LTC casino. Make sure you read through our list of LTC casino reviews carefully so that you pick the best one for you.
- Choose Litecoin as your Deposit Method When you have registered your account, click ‘Deposit’, and choose Litecoin as your preferred method (this may be under cryptocurrency or mentioned as a cryptocurrency wallet like CoinsPaid).
- Note the PWN Your casino will give you its crypto wallet address (its PWN – Public Wallet Number). This is a mix of letters and numbers and needs to be copied exactly.
- Make the Transfer Open up your crypto wallet and set up the transfer. Enter the casino’s PWN, then enter how much LTC you want to transfer and confirm.
Your LTC online casino transfer should take no more than 10 minutes – and you can start playing your favorite LTC casino games.
If you are lucky and hit a win, then withdrawing is equally as simple:
- Open the Cashier Click on the ‘withdrawals’ button.
- Select Litecoin You may find it as Litecoin, under ‘Cryptocurrencies’ or even under a cryptocurrency wallet.
- Choose your Withdrawal Amount Enter how much you want to withdraw, enter your PWN and click on ‘Confirm’.
- Wait Your withdrawal should be processed quickly. It can take anywhere between a few minutes up to 24 hours.
In terms of fees, most Litecoin casinos don’t charge fees. However, there are minimal network transaction fees that come from Litecoin itself. These vary depending on how busy the network is when you request the transaction.
You may also be charged a fee by your Litecoin wallet (a percentage of the transfer). If the casino exchanges Litecoin into a fiat currency, there may also be an exchange fee charged by the Litecoin casino. However, the most it will cost usually adds up to no more than a few dollars/pounds or euros. Remember, check the terms and conditions of your Litecoin casino and Litecoin wallet to make sure you are getting a good deal!
Overall, understanding how to use Litecoin in casino sites is very easy. Obviously, there are Litecoin pros and cons which you need to consider, but if you choose the right casino, the pros will outweigh the cons. How to play with Litecoin varies slightly from site to site, but all generally follow these same rules.
Bonuses in a Casino with Litecoin
As with most online casinos, LTC online casinos will offer their new and existing players a selection of different Litecoin bonuses and promotions to play on the games. Often, a Litecoin casino bonus is even more generous than a traditional online casino bonus because it is quicker and cheaper for the casino to be paid in cryptocurrencies compared to fiat currencies.
These savings are often passed on to the player and are worth a look. You can get match deposit bonuses, no deposit bonuses, free spins, cashback and more, simply for registering and playing your favorite games.
Here are some of the best Litecoin casino bonuses you may come across.
Litecoin No Deposit Bonus
The most popular of all bonuses is the no deposit bonus Litecoin offers. These are rewarded to you without even needing to transfer any of your own money. Often, you will receive this simply for registering a new crypto casino account and entering your payment details. A sum of bonus money will be transferred into your account straight away.
You may also get existing player no deposit bonus LTC money to encourage you to start playing again if you have been absent for a while. However, remember there will be terms and conditions such as wagering requirements to be aware of.
Other Online Casino Bonuses
The bigger LTC casino bonuses will come when you have made your Litecoin deposits.
- Deposit Match One of the most common Litecoin casino bonuses you will receive will be a match deposit bonus. This is a popular welcome bonus offer. It could be 100% up to 10 LTC. So, if you deposit 10 Litecoin, you will receive an extra 10 Litecoin in bonus funds.
- Free Spins You may also get free spins on a selected casino game. An example might be 20 free spins on Starburst when you deposit 1 LTC or more. These are often combined with match deposits for an LTC casino welcome bonus.
- Cashback The casino will give you cashback on a percentage of your losses over a given period of time up to a set amount.
There are all sorts of LTC casino bonuses, so check the promotions page regularly. Remember to read through all the terms and conditions carefully before claiming.
Finding the Best, Safest, Trustworthy Litecoin Casino
When selecting our list of best Litecoin casinos, here are the main factors we look at:
- Licensing The Litecoin casinos we recommend will be licensed by a reputable jurisdiction, meaning they follow strict requirements to protect their players. Licenses we look for include UKGC, MGA, Gibraltar or Curacao.
- Customer Service The best LTC casino site will have a responsive customer support team available around the clock and contactable via live chat, email, phone and even Social Media.
- Provably Fair The best casino with LTC should also have provably fair software which allows you to get the results of every game checked to ensure randomness and transparency. The best LTC casinos will also be certified by a third-party testing board like eCOGRA, GLI or iTechLabs.
- Selection of Games and Providers The best Litecoin casinos will offer the best games from trusted and well-recognized software providers. We expect to see slots, table games and more from names such as NetEnt, Microgaming, Red Tiger Gaming, Pragmatic Play and Evolution Gaming to name a few.
Remember, before you sign up and play at one of our top Litecoin casinos, consider the following:
- Ensure that you compare the different Litecoin wallets as well as comparing the best LTC casinos online.
- Before buying LTC, make sure you pay attention to the LTC rate and buy/sell when the time is right.
- Read the reviews of our best Litecoin casinos carefully before depositing.
Best Litecoin Casino Reviews
When we put together a top LTC casino review, we spend hours scouring every aspect of the site, from start to finish. We go through the entire process from registration, claiming LTC casino bonuses, playing the games, contacting customer service and withdrawals. We look at licenses and certificates to make sure it’s safe and enjoyable.
So, when you read our reviews, whether they are Litecoin casino reviews or other cryptocurrency casino reviews, you will find out everything you need to know about the site – and more, written by casino experts.
Best Litecoin Casino Games
What really sets one casino apart from the others is the selection of Litecoin casino games. The very best should offer traditional online casino games and you should also be able to play Litecoin casino games and blockchain-based casino games. Here are the best LTC casino games to look for:
Litecoin Crash Games
Place your bet on a graph and watch the multiplier increase – cash out before the graph crashes.
Litecoin Casino Dice
Bet on the outcome of the roll of the dice.
Traditional Casino Games
Litecoin casino blackjack and roulette, Litecoin casino slots, poker, craps and live Litecoin casino games.
We like to see a good mix of traditional and blockchain-based casino games.
Litecoin Casinos FAQs
Are casinos with LTC legal?
Yes, as long as you play on a Litecoin casino that has been licensed and regulated in your jurisdiction.
Is playing at Litecoin casinos anonymous?
Generally, yes. You won’t need to enter your personal details to pay with Litecoin, but all Litecoin blockchain transactions can be traced if necessary.
What crypto currencies can I use in online casinos?
As well as Litecoin, other popular cryptocurrencies used for online gambling include Bitcoin, Ethereum, Bitcoin Cash, Dogecoin and others.
How long do Litecoin deposits take?
They usually take no longer than 20 minutes.
How long do Litecoin withdrawals take?
Depending on how busy the blockchain is, it usually takes anywhere between 20 minutes and 24 hours.
With 8+ years in the iGaming industry, Tomek has a wealth of experience in building and improving online casino platforms. Fascinated by the intersection of crypto technology and iGaming.
He has been involved in crypto since 2016, writing about free web (3.0), crypto (d)apps, and blockchain safety. Based in Malta, Tomek is a specialist in live casino games, one of his favorites – live roulette.
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