Litecoin betting
is big news right now, and this guide is here to tell you how you can use this crypto coin for faster and cheaper deposits and withdrawals.
Litecoin isn’t as popular as Bitcoin, but we’ve found that it offers numerous advantages over the original crypto. By reading this guide, you’ll see how it offers you the chance to get a faster way to make payments while still being able to pick up deals like that Stake.com exclusive
TGHSTAKE
welcome offer.
Litecoin is a cryptocurrency that can be used in place of regular cash to fund your sports betting. This means that you can sign up to a sportsbook, make a deposit of Litecoin via a crypto wallet and then enjoy using your deposit to fund your sports bets.
Once you have made some winnings, you should then be able to make a withdrawal of whatever you’ve won in Bitcoin back to your crypto wallet. Apart from the fact that you’re using the crypto coin to make deposits and withdrawals, the rest of the sports betting experience should be just the same. This means that you can look forward to a world of betting odds as well as all of the regular promos and special offers.
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Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Rewards are non-withdrawable bonus bets that expire in 7 days. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
Gambling Problem? Call 1-800-GAMBLER or visit RG-help.com. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. Gambling HelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY). 21+ (18+ D.C.) To claim, new users need to register, make a first-time deposit of $5 or more, and then simply place their first real-money wager on any FanDuel Sportsbook market (no odds limits) that is live on platform. All users will receive their $200 in Bonus Bets If Your Bet Wins within 72 hours of the bet settlement. Restrictions apply. See terms at sportsbook.fanduel.com.
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Some background to the rise of LTC betting
Litecoin is an alt-coin. This is a type of cryptocurrency that was launched in the wake of the success of Bitcoin, and while Litecoin shares a few similarities with the original cryptocurrency, there are some notable differences too.
First, the main similarity is that Litecoin can be used to make payments for goods and services online without having to be authorized by a government or regular financial institution. It isn’t tied to any kind of national currency and can be used to pay across borders. Each transaction made will be logged on the blockchain, which acts as a publicly-viewable ledger.
The main differences are that Litecoin is significantly faster to process than Bitcoin, and it frequently enjoys much lower transaction fees. Rather than the LTC coin being given away as compensation to the miners who add transactions to the blockchain, a certain number of these coins are kept aside by the network for this task. The overall supply of LTC coins is also much higher than that of Bitcoin.
Advantages of Litecoin betting
We’re starting to see more and more people using Litecoin as a way of funding their sports bets. Here are some of the major reasons why this is happening.
Play across borders:
Litecoin isn’t tethered to any kind of national currency, and it can be used to make payments across borders. So even if the sportsbook isn’t based in your country, you might still be able to make payments there.
Fast processing times:
Litecoin payments are up to four times faster than that of Bitcoin. This means that your Litecoin deposits could be in your account in a matter of minutes and your withdrawals are usually faster too.
Low fees:
The average Litecoin transaction fee is just $0.05, which is a mere fraction of what you’d have to pay if you were using another coin such as Bitcoin.
Secure payments:
Litecoin features a special kind of Scrypt hashing which has made it much less likely to be hacked compared to other cryptocurrencies.
Disadvantages of Litecoin betting
While using Litecoin has plenty of advantages over some other payment methods, we thought that we should point out some important reasons why this crypto might not be suitable for your sports bets:
Not widespread:
Litecoin isn’t as widespread in its usage as major cryptocurrencies like Bitcoin and Ethereum. This means that you might face a smaller choice in terms of betting odds and promos if you were to choose Litecoin as your preferred payment method for sports betting.
Scam operators:
Sadly, there are many crypto betting sites who are operating illegally and simply cannot be trusted either with your data or your deposits. While these sites may say that they take your Litecoin payments, there is simply nothing stopping them from vanishing with your money. This is why you should only play at those sportsbooks like Stake.com who have all of the licensing required to give you a safe and fair way to play.
Our favorite Litecoin sportsbooks
How to make a deposit at a Litecoin sportsbook
You can go from picking up your first LTC coins to making your first sports bets in just a matter of minutes. Here is what you need to do:
Get your LTC
You can buy LTC coins from most crypto exchanges. To do this, you’ll normally have to make a payment with a regular debit or credit card or bank transfer. Once purchased, you can store your LTC in a soft crypto wallet at the exchange or transfer them to your own crypto wallet.
Sign up to the sportsbook
Now, you can sign up to the Litecoin sportsbook either via the website or through an app. This usually means having to enter in an email and then come up with a username and password. Bear in mind that there might be further verification checks to prove that you are of legal age to gamble in your location.
Pick up your welcome offer
Signing up to sportsbooks like Stake.com will often let you access welcome offers like the exclusive
TGHSTAKE
deal that’ll match your first deposit and give you rakeback too.
Go to the cashier section
Now you can navigate to the cashier section, select Litecoin as your preferred payment method and then copy the deposit address for that sportsbook.
Make your deposits
Head back into your crypto wallet, paste in the sportsbook’s deposit address, enter how much you wish to deposit, check the details and submit your payments.
Top Litecoin betting sites to bet at
If you want a good example of a Litecoin sportsbook, you might as well just go straight to Stake.com. This is a world-beater in terms of crypto betting, and it features Litecoin alongside a number of other coins such as Bitcoin, Ethereum and so on.
A big reason why we’re recommending Stake.com is the fact that this is a fully licensed and regulated betting site. This means that you don’t have to worry about getting a safe and fair way to play here, which is more than can be said for many other crypto sportsbooks.
Once you’ve signed up, you can enjoy competitive odds across all major and minor sports, including soccer, basketball, hockey, tennis, football, esports and much more. Plus, new customers at Stake.com can even get the exclusive
TGHSTAKE
welcome offer that’ll give them a 200% deposit match bonus up to $1,000 as well as a handy 10% rakeback on their losses.
Conclusion - Keep it here for more updates about Litecoin betting
It’s clear that Litecoin is only just getting started in offering you a fast, secure and fun way to fund your online sports betting. We’re starting to see a growing number of online sportsbooks who are accepting this coin, and hopes are high that they might be able to reach the standards set by the likes of Stake.com.
The key thing is to keep it safe when you LTC betting and the easiest way to do this is to check back here to make sure that you’re always playing with legit crypto sportsbooks. So bookmark this page and enjoy a safe and fun way to bet with Litecoin.
Our favorite LTC sportsbook bonuses
Litecoin betting FAQ
🏆 Which are the best Litecoin betting sites?
We’ve found lots of great Litecoin betting sites out there, but some are definitely better than others. So make sure that you read our guide to see which online sportsbooks let you make payments with this coin and who also give you the best sports betting odds and bonuses.
📱 How does a Litecoin betting app work?
You’ll find it so easy to use a Litecoin betting app. So be sure to read our guide, where we’ll reveal how you can sign up, make a Litecoin deposit and then enjoy a whole world of sports betting options.
🎁 Where can I get a Litecoin betting bonus?
We have found an excellent welcome offer at a Litecoin betting site. Take a look at our guide to see what you get with this deal and we’ll explain what you have to do to qualify for this special offer.
❓ Can I use Litecoin for online gambling?
Make sure that you read our guide to see if you can use Litecoin for betting on sports. After all, there are plenty of Bitcoin betting sites out there but
Litecoin gambling
might be a little less widespread.
⏰ How long do Litecoin withdrawals usually take from sportsbooks?
You’ll find that Litecoin withdrawals can be much faster than other cryptos and fiat payment methods. So be sure to read our guide to see roughly how long it usually takes for your payments to come through at all good Litecoin betting sites.
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