Pros and cons of using a Litecoin casino
Litecoin Casino: Pros & Cons
- Faster payments than most cryptos
- Secure and efficient deposits
- Lower transaction fees
- Make casino payments across borders
- Not widespread Litecoin usage at casinos
Sign up process for Litecoin casino sites
You can get signed up at a
Litecoin casino
in just a matter of minutes. Here is what you normally have to do:
- Register your account: You can usually do this just by clicking on a Registration link and then filling in the form with your email, and then you’ll normally have to enter a username and password.
- Verify your identity: Depending on which crypto casino you’re playing at, you may be asked to provide some kind of photo ID as well as a selfie to prove your identity. This will verify your date of birth as well as where you are playing from.
- Get your bonus: Signing up to a crypto casino for the first time may allow you to get a welcome offer. For example, new customers who deposit at Stake.com can get the exclusive
TGHSTAKE
offer that will give them a 200% deposit match up to $1000 as well as a 10% Rakeback.
Making a payment with the top Litecoin casino sites to play at
Each Litecoin casino will have its own individual process for taking your deposits, but this is the usual way in which you can add money to your account:
- Go to the cashier section: Once you’ve set up your account you can go to the cashier section, hit the deposit link and then select Litecoin as your preferred payment method.
- Copy the deposit address: Here, the casino will have a deposit address that you can copy.
- Go to your crypto wallet: Now, you can paste the deposit address of the crypto casino into the send field in your crypto wallet.
- Submit your payment: Finally, you can enter how much LTC you wish to send, check the details, and then submit your payment. It should normally take just a matter of minutes for your Litecoin deposit to go through.
Withdrawal and deposits with Litecoin: average time scales
Litecoin is well known as being one of the fastest cryptocurrencies in the world. Most transactions can be processed anywhere up to four times as fast as a Bitcoin payment. However, these transaction times will vary according to things like network activity as well as how long it takes each individual casino to verify and process the payment.
Like other cryptocurrencies, a Litecoin payment will require a certain amount of confirmation from the miner to have it added to the public ledger. This ensures that each payment is logged efficiently, and on the whole, you should rarely have to wait longer than 10 minutes for your Litecoin payments to go through.
Still not sure about whether you should be using Litecoin? Here are the basics of how this crypto works at online casinos:
| Litecoin |
Minimum |
Maximum |
Processing times |
| Deposits |
0.05 LTC |
No restrictions |
Up to 10 minutes on average |
| Withdrawals |
0.1 LTC |
Varies according to the casino, but no maximum from network |
Up to 10 minutes on average |
Litecoin verification requirements - How to withdraw winnings from a Litecoin casino
Litecoin is a cryptocurrency and therefore doesn’t require the same amount of checks that accompany most fiat payments. However, each transaction will have to be verified by a miner before it gets added to the public ledger.
In addition to this, the crypto casino will usually take between 24 and 48 hours to carry out the verification checks needed to authorise a withdrawal. The time taken to do this will increase for larger payouts.
You will normally have to be at least 18 years old to play at these crypto casino sites and may be asked to verify such information as part of the signing-up procedure.
Our favorite Litecoin casinos
1.
55 Stake Cash + 260K Gold Coins + 5% Rakeback
Players from Virginia accepted
2.
1 Sweeps Cash FREE and 1K Gold Coins
Players from Virginia accepted
3.
38 SC FREE and 2.6M Gold Coins
Players from Virginia accepted
4.
45 SC FREE + 451K GC + 10 Treasure Chest
Players from Virginia accepted
5.
2000 Gold Coins & 2 PBR Sweeps Coins
Players from Virginia accepted
Best Alternative
Go to Real Prize
The history of Litecoin
Litecoin was launched in 2011. It was the second cryptocurrency to emerge and was the first of the so-called ‘alt-coins’ that aimed to offer an upgrade of Bitcoin while keeping the same underlying blockchain technology.
Like Bitcoin, Litecoin can be used to send or receive funds across the internet. Each transaction will be logged on a public ledger without the interference of any government control. But here are the key points as to how Litecoin became such a major cryptocurrency:
- Speed:
A big part of Litecoin’s appeal is the fact that it processes payments up to four times faster than that of Bitcoin. This has meant that Litecoin has become a popular choice for making standard payments as opposed to Bitcoin, which is seen as more of an investment.
- Supply:
It’s worth noting that with a maximum capacity of 84 million Litecoins, this cryptocurrency has a larger maximum supply compared to other cryptocurrencies.
- Security:
Litecoin also features a Scrypt hashing technology which helps it enjoy a higher level of security. As of the time of writing this guide, there have been no major attacks on the Litecoin network, which is more than can be said of other major cryptocurrencies.
- Fees:
While there are average fees of around $0.05 with a standard Litecoin transaction, these are just a fraction of what you would expect to pay with other crypto coins. Such a low transaction fee is in place because the network keeps aside a certain number of LTC coins as an incentive for miners rather than giving them a percentage of the transaction made.
Litecoin compared to other providers - Why use Litecoin for online casino games?
Before you rush to make your Litecoin payments, you should consider how this crypto coin compares with other payment methods at online casinos:
- Other cryptocurrencies:
Litecoin might not be as widespread as Bitcoin and Ethereum, but it usually lets you make faster and cheaper deposits and withdrawals.
- Fiat currencies:
Many casino sites will let you use fiat currencies by depositing via a credit card, e-wallet, prepaid card, or bank transfer. These have stricter requirements in terms of the sites that you are allowed to play at and might be slower to process as a result of the increased verification checks.
Alternative payment providers for online casino gambling
1.
55 Stake Cash + 260K Gold Coins + 5% Rakeback
Players from Virginia accepted
2.
38 SC FREE and 2.6M Gold Coins
Players from Virginia accepted
3.
45 SC FREE + 451K GC + 10 Treasure Chest
Players from Virginia accepted
4.
Check for available on-site offers
Players from Virginia accepted
Best Alternative
Go to Real Prize
5.
2000 Gold Coins & 2 PBR Sweeps Coins
Players from Virginia accepted
Best Alternative
Go to Real Prize
Three essential facts about using Litecoin casinos
Litecoin is easily one of the most popular cryptos used for online casino gaming. Here are the three key things to keep in mind when using this coin:
Sadly, there are a number of scam crypto sites that will take Litecoin payments. This is why you should only use legit Litecoin casinos such as Stake.com, which have all of the licensing and regulations required to give you a safe and fair way to play.
A key part of Litecoin’s appeal is the speed of its payments. So if your Litecoin payment is taking any longer than an hour to process, be sure to get in touch with the crypto casino’s customer service team.
The good news is that most decent crypto casinos won’t charge you any fees for making Litecoin deposits and withdrawals. Plus, with lower transaction fees overall, Litecoin could offer you some cost-effective casino gaming.
Conclusion - All you need to know about LTC casinos
We have shown you that Litecoin offers you a fast and secure way to make deposits and withdrawals at crypto casino sites. While there is a lot of choice in terms of Litecoin casinos out there, the sad news is that few of these sites have managed to equal the standard set by market leaders such as Stake.com.
Thankfully, it looks like things might be changing, and we can expect to see many more Litecoin gaming sites being launched soon. So watch this space to ensure that you are first in line to play at the best Litecoin casinos.
Our favorite Litecoin casino bonuses
1.
55 Stake Cash + 260K Gold Coins + 5% Rakeback
Players from Virginia accepted
2.
1 Sweeps Cash FREE and 1K Gold Coins
Players from Virginia accepted
3.
38 SC FREE and 2.6M Gold Coins
Players from Virginia accepted
4.
45 SC FREE + 451K GC + 10 Treasure Chest
Players from Virginia accepted
5.
2000 Gold Coins & 2 PBR Sweeps Coins
Players from Virginia accepted
Best Alternative
Go to Real Prize
Litecoin casino FAQ
🎁 Where can I get a Litecoin casino no deposit bonus?
Be sure to read our guide here at TheGameHaus.com to see if there is a Litecoin casino that has a no deposit bonus. After all, your
Litecoin gambling
would get a lot more enjoyable if you could get some credit without having to spend any of your own cash.
🏆 Which is the best Litecoin casino?
We’ve created a guide that’s determined to help you find your perfect Litecoin casino. So read our guide to see where you can make your Litecoin deposits and then enjoy a superior way to play slots and table games.
❓ How do I use a LTC casino?
We found that it’s surprisingly easy to use a Litecoin casino. Take a look at our guide, and you’ll see how you can make your deposits, wager on the casino games, and then make a simple withdrawal of your winnings.
💪 Who has the best LTC casino bonus code?
There are lots of great Litecoin casino promo offers out there. So make sure that you read our guide to see which of these deals offers you the best value for money.
👀 Do all crypto casinos take Litecoin?
While there are lots of crypto casino sites out there, not all of them will take Litecoin deposits. So make sure that you read our guide to find a great Litecoin casino that’ll let you make secure and efficient deposits and withdrawals with this crypto coin.
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