Litecoin Betting – Ultimate Guide. [Top10] Sites in 2024

Since the inception of cryptocurrency, it’s become a popular way to make payments online. Many people enjoy the anonymity Litecoin Betting sites provide, along with various security benefits that traditional payments lack. With the popularity of cryptocurrency, many online betting companies have started to accept it as a form of payment, attracting players who might not otherwise have tried online sports betting. 

Litecoin Betting: The Ultimate LTC Betting Guide 

Many reputable online sports bookies and casinos accept various cryptocurrencies and offer crypto bonuses. Litecoin is one of the more popular cryptocurrencies accepted. You may be wondering how crypto betting works and which online casinos accept litecoin as payment. This article will discuss how it works in detail. 

What is Litecoin?

Charlie Lee, a former Google engineer, created Litecoin (LTC) in 2011, only two years after Bitcoin made its appearance. Like Bitcoin, Litecoin is an open-source global payment network, but unlike Bitcoin, it uses faster block generation and utilises Scrypt as a proof of work scheme. Litecoin was likely one of the first altcoins derived from the open-source code Bitcoin provided.

The limit to how many litecoin can be in circulation is 84 million. Once this number has been mined, there will no longer be any more coins to mine. Just like bitcoin, you can use litecoin to make payments to people and vendors accepting litecoin anywhere in the world.  

Litecoin was initially a strong competitor for Bitcoin, but as more altcoins entered the market, many people preferred other types. It’s only the 14th most valuable altcoin, much lower than the bitcoin value. Nonetheless, it’s still a popular commodity for online trade, and many online casinos accept litecoin as a method of payment. 

What is Litecoin Betting?

Litecoin betting is the phrase most casinos use when you place bets using this cryptocurrency as a payment method. When you sign up with a casino that accepts crypto, you’ll choose litecoin as your preferred payment method. You’ll have to follow the above steps in order to make deposits and withdrawals through any online casino that accepts cryptocurrency. 

Unfortunately, you will reach a point where the casino will ask you to verify your information. Once you reach a certain amount in winnings, you’ll have to verify your name and address. This is part of the legislation casinos have to follow to keep their licence. 

How Can You Buy and Bet with Litecoin?

It’s reasonably easy to buy and bet with litecoin. If you’ve never worked with cryptocurrency, there are a few steps you should follow to get started. The steps aren’t complicated but essential to play your favourite casino games. 

FAQ

Open a Crypto Wallet

The wallet you need for litecoin is the same as the wallet you’ll use for any other cryptocurrency. If you’ve never bought or traded cryptocurrency, this step is essential before you can do so. If you already have a wallet, you can skip the next two steps. 

Some crypto wallets you can consider include Coinbase, Stash, Jaxx, Coinomi, Mobi, or Webmoney.  

Verify Your Personal Details

Before you can start buying litecoin, you’ll need to verify your information. This will include your name, address, and banking details. Once you’ve done this, you’ll enter a world of complete anonymity, where you can make transactions to and from online casinos without having to repeat any of your information.

Buy Litecoin

Once your wallet is set up, you can search within the wallet for litecoin. You’ll see that the wallet is set up similar to a stock exchange, which allows you to see current prices. Once you’ve searched for litecoin, you’ll see the price per coin, and you can choose to purchase. Keep in mind that the crypto wallet is a trading platform, and the value of coins are constantly fluctuating. 

You can choose how many coins you’d like to purchase. Depending on the currency you use, you may be limited to the number of coins you can buy at a time. After a few seconds, the balance should reflect in your wallet. 

Find a Reputable Casino

Once you’ve purchased your litecoin, you need to find a reputable casino that accepts cryptocurrency as a form of payment. It’s crucial that you do some research before signing up with a site to ensure it’s not a scam and that the casino has all the features and benefits to suit your needs. We’ll talk more about finding the best casino later in this article. 

Connect You Wallet to Your Casino Account

Although connecting your wallet to your casino account may sound like a complicated process, it’s actually quite simple. From the casino account, go to the banking section. Here you’ll find the option to connect your wallet. Follow the prompts, and once it’s confirmed, you can start placing bets. 

Pros and Cons to Litecoin Betting

As with any form of payment, there are pros and cons to using litecoin. 

Litecoin Betting Pros 

There are various advantages to using cryptocurrency with online casinos. 

✅ Transaction Speed
One of the main benefits of playing with cryptocurrency is the speed of transactions. Many traditional forms of payment take time to reflect, usually minutes when you make deposits, but it can take days to reflect in your bank account. This is not the case with cryptocurrencies, where it only takes a few seconds for the transactions to reflect in your casino account or your crypto wallet. 

✅ Security
Another advantage of playing with cryptocurrencies like Litecoin is the security it provides. Due to its decentralised and anonymous nature, it’s safer to play with online casinos as they don’t need your personal information, at least initially. Your banking information can’t be compromised when you use crypto. Another security aspect is blockchain technology, which secures transactions and makes them final. That means third parties can’t insert themselves into transactions or steal funds. 

✅ Fees
Many payment methods charge a fee for transactions. Whether the merchant or player pays these fees depend on the type of payment method. There are no fees involved when you make payment with cryptocurrencies like litecoin. Some casinos still charge a fee for withdrawals. If you use traditional payment methods, the costs will likely be higher than when you make crypto withdrawals. 

✅ Bonuses
Most crypto casinos offer generous bonuses to players who make crypto deposits. While bonuses and promotions are relatively common with online casinos, you can expect to get bigger and better promotions with your litecoin transactions. We’ll discuss bonuses and promotions in more detail later in this article.

Litecoin Betting Cons

Cryptocurrency has a few cons when you use it for playing with online casinos.

❌ Risk
When using cryptocurrency, there’s always a significant risk involved. Most cryptocurrencies are volatile, meaning their value increases or decreases at substantial speeds. There’s also a considerable risk that the crypto market will eventually wholly crash. You should keep an eye on the value of your coins and only withdraw when it’s high to avoid significant loss. 

❌ Casino Licencing
There are many online casinos operating without the necessary licencing, especially those accepting cryptocurrencies like litecoin. To avoid getting caught in a scam and losing all your money, you should ensure that the casinos you choose are licenced through proper regulatory bodies. 

❌ Playing Currency
Some casinos will advertise that they accept litecoin but then insist you change to a traditional currency like US dollars. You can often lose out on the exchange rate if this is the case.

❌ Fewer Choices
Cryptocurrency is only becoming popular with casinos now, and even casinos who accept crypto prefer bitcoin over the less popular litecoin.  

Finding the Right Litecoin Betting Casino for You

There are thousands of online casinos available that accept various forms of payment, including litecoin. Not all of them are equal, and it’s essential to do some research before making any deposits to a casino. There are a few aspects you should consider. 

Licencing

One of the first factors to consider when looking at an online casino is the licencing the casino holds. You should look for a licence from one of the major gaming authorities, including names like the Malta Gaming Authority, the UK Gaming Commission, and the Curaçao gambling licence. These licences cover a specific jurisdiction and exclude countries and regions where offshore gambling is illegal. 

A proper licence ensures that the casino is operating within certain boundaries. The casino will have to follow policies and procedures in line with the legislation of the country in which it’s registered. The casino will also be required to follow guidelines like Know Your Customer (KYC), intended to keep players safe and stop any illegal activity going through the casinos. This is part of the reason why the casino will ask you to verify your information when you reach a certain amount of winnings. 

Independent Regulation

Reputable, licenced casinos should hold a certificate from an independent regulatory body. These bodies ensure that the casinos are safe and fair. They test the games to ensure that it’s not biased towards any party. Here, names to look for include eCogra, iTech Labs, GSI, or TST. Many casino games also come with individual certificates, so sometimes, the casino itself doesn’t hold a certification. 

Safety

You want your information and online transactions secure. While this is less of an issue when playing with cryptocurrencies like Litecoin, you should still look at the SSL encryption that the site uses. SSL encryption ensures that third parties can’t access any information or transactions you make with the casino. 

Games and Software

The game collection is the main feature of the online casino. There are so many game varieties and developers that a reputable casino should have more than enough to keep you entertained. When you’re looking for a good online casino that accepts litecoin, you should take the following aspects into account:

Game Variety

The casino should have a good selection of slots, along with other games like baccarat, blackjack, poker, roulette, and a live casino section. Each game should have a variety of names and types. 

Progressive Jackpots

If you’re a serious slot player, you’ll definitely want to look for a casino with progressive jackpots. These games pay out huge winnings and roll over if someone doesn’t win. Look for names like Mega Fortune, Mega Moolah, and Age of Gods for exciting progressive jackpots. 

Free Play

Before spending money on a game you may not like, many people choose to play in free or demo mode. This gives you a chance to test the game and see if you’ll enjoy it before placing real money bets. You can try a few games to see the quality of the games and which you enjoy more. 

Game Developers

When looking for a reputable casino, you should consider the game developers that provide the selection of games for the casino. Look for top names like NetEnt, Microgaming, or Playtech. There are many other top gaming developers, and all of them have excellent graphics and gameplay. Each developer brings something unique to the game experience. 

Quality Software

Some people prefer playing their favourite casino games on their smartphones or tablet. If this is the case, you may expect quality downloadable software in the form of an app. Many casinos have stopped using apps and instead made their sites mobile-friendly. You won’t need to download any software to play casino games in cases like this. 

If you prefer using your desktop, the same applies. You shouldn’t need to struggle to download software to make the games work. You should have a smooth in-play experience. 

Sportsbook

Many people enjoy sports betting as much as playing other casino games. Many quality casinos have a sportsbook to place wagers on your favourite sports or teams. Not all reputable casinos offer a sportsbook, and it can depend on the casino jurisdiction. If you enjoy sports betting, you should look for a casino with this section and other casino games. 

Litecoin Betting Bonuses

Bonuses and promotions are a common occurrence in the world of online casinos. The purpose is to attract new customers with attractive bonuses and retain them with other promotions. It’s a good way to get to know what the casino has to offer without having to use your own funds to place bets.
Bonuses and promotions are often very attractive for players who use cryptocurrency. Many casinos offer special promotions for litecoin players.
Many casinos offer bonuses that look too good to be true. The rewards shouldn’t be the only factor according to which you measure the casino.
When considering bonuses and promotions, there are a few types to look at. The casinos should ideally offer multiple promotions for new and returning players and have special events throughout the year. 

• Welcome Bonus

The welcome bonus is a sign-up bonus that players get once-off when they open an account or make their first transaction. Some casinos require a minimum deposit, while others will give the bonus once you’ve verified certain details. A few casinos break the welcome bonus up into two, three, or four parts, which means you’ll have access to a bonus amount with your first two, three, or four deposits. 

The welcome bonus usually includes a match, where the casino will match your deposit by a certain percentage up to a specific amount. You’ll also often receive free spins on slots. Casinos tailor their welcome bonuses so that each casino will have a different type of welcome bonus.

• Reload Bonus

A reload bonus is a type of promotion for returning players. Here you’ll receive a match bonus for every deposit you make. Reload rewards often happen on specific days of the week or if you pay a minimum amount to the casino. 

• Cashback Bonus

A cashback bonus is where the casino pays a percentage of your losses back into your account. These can also take place on certain days, or the casino can have special cashback promotions running throughout the year. 

When looking at the casino bonus, there are once again certain aspects that require your consideration. 

Terms and Conditions

A valuable bonus will have fair terms and conditions. These will include the number of times you have to use the bonus to place bets, whether you use your money or the bonus amount first, and the amount of time you have to meet the requirements. Sometimes attractive bonuses have unreasonable terms and conditions, in which case it’s not worth signing up for it. If you can’t meet the wagering requirements within the given timeframe, you may end up losing money.

Promotions for All Players

The casino should cater their bonuses and promotions to all players, not just those who are new. These promotions can include reload and cashback bonuses or other types of promotions. If a casino only offers bonuses to new players, you should steer clear. 

VIP and Rewards

A quality casino will offer a VIP programme and various rewards for returning players. The more bets you place, the higher you should be able to climb on the VIP ladder. Many casinos offer personal account managers, higher deposit and withdrawal limits, and special access to promotions. 

Litecoin Betting Banking

Casinos that accept litecoin and other cryptocurrencies offer easy banking methods. If you decide to use traditional money instead of crypto, you still want easy payment methods. 

Depositing money should be an easy process with your crypto wallet in place. The casino should not charge exorbitant amounts for deposits. When you withdraw your funds, the process should also be fast. Many casinos take one working day to process withdrawals. If it takes longer, the casino should inform you of the fact, along with reasons why. Most online casinos advertise quick withdrawals, and they should live up to this promise. 

Customer Care

The customer care that the casino offers is a crucial aspect to consider. There should be multiple methods of reaching a representative, including a phone number and an email address. Ideally, the casino should offer a live chat, where you can immediately talk to a customer care representative and receive quick and efficient feedback. Customer care should be available 24/7, and feedback should be fast and efficient regardless of your method to contact. 

The casino should offer an extensive FAQ section where you can find answers to common questions before contacting representatives. You want certainty that your personal information is safe and that the casino won’t disclose it to third parties. You should look for the casino’s privacy policy and ensure you understand it. The casino can use the FAQ section to summarise the procedure for their players. 

Customer safety and wellbeing are also important parts of customer care. Casinos that offer services like self-exclusion or measuring how much time you spend playing should rate higher on your list of reputable casinos.  

Mobile Access

The casino should be accessible through various mobile devices. Some casinos have a downloadable app, while others have mobile-friendly designs. Regardless of which method you prefer, gameplay should be seamless, and the quality of the graphics and experience should be the same, whether you’re on your desktop or mobile device. 

Player Reviews

Before you decide on signing up with a specific casino, take some player reviews into account. Players will have honest opinions about the advantages and disadvantages of any particular casino. If something is wrong, this is where you’ll find out. There’s no reason for a player to give an inaccurate review, so you know you can trust it. 

The Best Litecoin Betting Sites

We’ve done some research so that you don’t have to do it independently. These are all reputable casinos with good reputations and excellent sign-up bonuses. 

7 Bit Casino

7 Bit Casino holds a coveted AskGamblers certificate of trust, showing that this casino is reputable and lives up to its claims. If that’s not enough, 7 Bit also boasts a Casino Guru certificate of trust. The site offers more than 6,000 games from big names like Iron Dog, Yggdrasil, Betsoft, Evolution Gaming, and iSoftBet. When you open an account, you’ll receive a 100% match bonus, along with 100 free spins. The casino accepts a long list of currencies, including US dollar, euro, and litecoin, through various easy and trusted payment methods. They hold a Curacao licence and can operate in a variety of countries.

Sportsbet.io

If you prefer sports betting, Sportsbet.io is an excellent sportsbook that offers the most popular sporting types, like tennis, football, basketball, ice hockey, and many more. The site provides live streaming of events and in-play betting. 

You’ll receive access to various promotions when you sign up, although there’s no welcome bonus. There’s also a VIP programme where you’ll get special rewards for each level you reach. Sportsbet.io also offers an excellent variety of casino games, including a live casino section.

FortuneJack

FortuneJack offers a sign-up bonus of 6BTC, or $1,200 US, when you open an account. The casino offers thousands of popular casino games, along with a sportsbook and live casino. Some developers that have games in the portfolio include Microgaming, EvolutionGaming, Yggdrasil, NetEnt, Pragmatic Play, and Betsoft.
The casino holds an iTech Lab certificate proving games fair and a Random Number Generating certificate, showing the games are truly random. It also has GameCare to support players who feel like they may not have control over their wagering habits.
You’ll have access to various promotions when you have a FortuneJack account. The more you play, the higher you can climb on the VIP ladder. 

Stake

Stake is another casino that doesn’t offer a welcome bonus but has excellent promotions throughout the week. If you’re a loyal player, you can join the VIP club, where you’ll have access to dedicated hosts and special bonuses. You can play top casino games or place bets on your favourite sports teams or games. They are a verified operator through Crypto Gambling Founder, and you can easily make deposits and withdrawals with litecoin. 

The casino offers live support in various languages, and the site allows you to set your odds in decimal, American, and a variety of other options. 

1xBet

With 1xBet you can get a fantastic welcome bonus when you open an account. The casino allows you to place wagers on all your favourite sports, esports and casino games. You can also watch live games, or play with interactive dealers in the live casino section. This casino has plenty to offer. 

Casobet

Casobet is a comic-like casino that offers a generous welcome bonus of 120% the amount you deposit, along with eight more deposit bonuses. The casino offers many excellent games, a sportsbook, a live casino and some interesting features. You have access to 24/7 support through a live chat and an email address. There’s also a request form you can fill in on the support page.  

Betflip

Betflip allows fast withdrawals and offers a premium sportsbetting platform. You can access the site on any platform, including mobile devices. The casino looks similar to Casobet, with similar bonuses and promotions. You can expect games from Betsoft, Evolution Gaming, Amatic, Pragmatic Play, and Yggdrasil, to name a few. It’s a reputable casino with an easy registration process and quick payments. 

The Future of Litecoin Betting

There are many conflicting predictions regarding the future of Litecoin, but it seems according to the trajectory of the currency, that it has a bright future. There are skeptics that predict the imminent crash of cryptocurrency, but so far the opposite has happened. As cryptocurrency becomes more popular, the value of Litecoin should keep growing. In this light, more online casinos should start accepting litecoin as payment method. 

Conclusion

Litecoin betting is an easy and anonymous method of playing your favourite casino games. There are many online casinos that accept litecoin payments and allow you to access generous welcome bonuses, and fun games. Many of these online casinos offer popular slots, table games, and sportsbooks. The future of Litecoin looks bright and many experts predict that more and more online casinos will add litecoin to their lists of acceptable payment methods.