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Table of Contents
What is Litecoin?
Litecoin is a cryptocurrency developed in 2011 from a fork in the Bitcoin blockchain. It is a global, open-source payment network that was released by former Google engineer Charlie Lee who referred to Litecoin as little Bitcoin, or the silver to Bitcoin’s gold. Like Bitcoin and many other cryptos, Litecoin is a decentralized currency meaning there is no central governing body behind it.
Just like Bitcoin, Litecoin also can be mined by people. Interestingly enough, Litecoin was developed to mitigate some drawbacks of Bitcoin and to prevent large enterprises to become too dominant in the mining process. The latter failed eventually, but despite that Litecoin still managed to become a reliable peer-to-peer system with millions of users worldwide.
Why you should invest in Litecoin over other cryptocurrencies?
Apart from playing your favorite online casino games on a Litecoin gambling site, investing in Litecoin has two extra benefits:
- It enables you to avoid traditional payment methods.
- It offers a great potential for profit over a long period of time.
Simply put, Litecoin processes transactions quicker than Bitcoin and it has a larger supply of circulating coins. This enables Litecoin to remain at a lower cost per coin, and thanks to its longevity and the ability to remain stable during rough and volatile changes it has a relatively high-reliability score among would-be investors.
Lastly, Litecoin is a widely accepted crypto with millions of users. Alongside Bitcoin and Ethereum, Litecoin has a good track record and it is still one of the most used and recognizable cryptos out there.
You might be wondering, are Litecoin casinos legal, and are Litecoin casinos safe? As with any other novelty, it depends on the casino itself and the country you are living in. But yes, most Litecoin casinos are legal and very safe. Still, we urge you to only play at certified and licensed online casinos.
As far as the name goes, the phrase Litecoin casino is rarely used in the world of online casino games. More often than not, you’ll hear phrases like Bitcoin casinos, Bitcoin games, or Bitcoin gambling, but in most cases, those are all synonyms. The thing is, Bitcoin is the most valuable and recognizable cryptocurrency in the world, so whenever someone says Bitcoin casino, the chances are it is a crypto-friendly casino that readily accepts Litecoin, Ethereum, and other major cryptos.
But for the sake of reference, we will continue to use the phrase Litecoin casino, encompassing all those online casinos that support Litecoin as well as Bitcoin and other cryptos. In the next couple of paragraphs, we will explain how Litecoin casinos differ one from another and what kind of entertainment you can expect if you decide to play casino games in one of many Litecoin casinos available today.
Pure Litecoin casinos
Pure crypto casinos deal only in cryptos, meaning you cannot use your fiat currency to buy cryptos. In other words, pure casinos accept only cryptos like Litecoin, Bitcoin, Ethereum, etc. Likewise, you can make withdrawals using nothing but cryptocurrencies. Some of the best Litecoin casinos are pure in this regard. The main advantages compared to hybrid crypto casinos fall into the banking and bonus departments.
A deposit bonus tied to crypto will most likely be more generous than a deposit bonus tied to fiat currency. At the same time, pure casinos are easier to link to your Litecoin wallet and they have an extensive list of supported cryptos, unlike hybrid casinos which can be quite limiting in this regard.
Hybrid Litecoin casinos
On the other side of the crypto spectrum, we have hybrid crypto casinos. Such online casino hosts casino games designed for cryptos and gladly accepts your fiat currency, which it can exchange into one of the supported cryptocurrencies of your choice. The advantages of hybrid casinos are many: You can go and play with no cryptos whatsoever, relying on both fiat currencies at your disposal and cryptos you can buy or exchange.
The drawbacks are the deposit bonus policy, potential exchange fees, and unfavorable fiat-to-crypto ratio. Having said that, hybrid casinos are still a viable choice for crypto gamblers. It just depends on what your priorities are and how deeply involved in crypto you are in the first place.
Getting started with Litecoin Gambling Sites
Dealing with Litecoin is fairly easy, compared to other less famous cryptos. It is widely accepted and supported, so finding a good wallet and linking it to a casino of your choice should be a no-brainer. Just follow the 5 steps listed below and prepare your documents in due time.
Create a wallet that supports Litecoin
Litecoin wallets are easy to create due to the sheer popularity of Litecoin and the number of choices that we have. Our advice is to find a wallet that can serve as a crypto exchange at the same time, so you do not have to hassle with additional registration processes and KYC procedures. During the creation of your wallet, you will be asked to submit some important documents in order to verify your identity and account.
It can be your valid ID, driver’s license, bank account details, passport, or the last utility bill with an active address and personal info. Keep in mind that the KYC can include a customer support phone call, or they could ask for your HQ selfie photo, with you holding a valid document of some sort.
Buy Litecoin from a crypto exchange site
If your electronic wallet is deprived of an exchange service, you have to find it somewhere else. In that scenario, open another account on a different platform and pass the KYC verification process yet again. When you finally buy some Litecoin, send them to your e-wallet using a QR code, or some sort of passphrase and/or a very long string of numbers.
However, if you listened to our advice and went for a wallet that doubles as an exchange website, you do not need to do anything listed above. You can buy Litecoins directly from your wallet and link them to your casino account.
Pick an online casino that accepts Litecoin
Choosing a Litecoin casino should be easy, considering how many of them are there. There is no universal rule determining which casino you should play at, but as a rule of thumb you should sign in at an online casino with the best bonuses and terms and conditions. Apart from the availability of Litecoin, focus on casinos that offer hefty crypto bonuses paired with low wagering and plenty of time to finish it.
Needless to say, we advise you to play at fully licensed casinos with an impeccable record and put all your energy and cryptos into the games that you truly like. As soon as you wish to make a withdrawal, you have to pass the KYC (know your customer) procedure, but do not despair – albeit annoying, it takes little to no time to complete if you prepare your documents in advance.
Make a deposit/Link your crypto wallet
As far as casino deposits go, you can freely make a Litecoin deposit once your online casino account has been verified. Your Litecoin wallet will most likely have a separate account from the regular fiat currencies, just make sure to deposit Litecoin in the right place. You can do it by clicking the Deposit or Payment options, and selecting Litecoin transactions.
At this point, you should be able to receive a QR code that you can scan, thus connecting your Litecoin wallet with your Litecoin casino account. Once resolved, all of your transactions can be made in a matter of minutes, depending on the congestion rate.
Enjoy your casino games!
You might think that a comment like this is a bit crazy and redundant, but if you want to hit it big time, it is crucial to play casino games that you love. This is why finding the best Litecoin gambling site is so important – they offer not only Litecoin wallets and Litecoin transactions, but great casino games as well.
In our experience, most Litecoin casinos offer a nice catalog of slot games, live casino games, and other forms of casino entertainment, so it shouldn’t be hard for you to find a Litecoin casino packed with your top-pick games. You know what they say, there is no such thing as a frustrated and bitter winner, so choose your games wisely.
Litecoin Casino Games
Finding a casino game you can play using nothing but your Litecoin is not as hard as it might seem. Litecoin is a very popular crypto and LTC casinos are becoming more and more frequent. Granted, it is not as common as Bitcoin, but you would be surprised just how many casinos readily accept Litecoin and offer well-made Litecoin games.
If you happen to run across a casino that you like – and it does not accept Litecoin – in most cases you should be able to convert it into a currency that is supported by the said online casino. The vast majority of casinos gladly accept US dollar, Tether, and Bitcoin, just make sure to avoid poor conversion ratios and high exchange fees.
Litecoin online slots
Slots are home to jackpot games and huge Bitcoin jackpots – no wonder they are so popular these days, and if Litecoin is your crypto of choice we have some good news. As expected, pure crypto casinos will most likely let you play slots using Litecoin, or some other supported crypto. They feature slot machines well prepared for cryptos, and nothing but cryptos, and with Litecoin being so popular it is quite easy to find your favorite game and have a blast.
Hybrid casinos are not as open to Litecoin as most of the pure crypto casinos, and it is possible to run into a website that prompts you to play slots with Bitcoin, Tether, or American dollars. If so, exchange Litecoin for one of the supported currencies and enjoy your games.
Litecoin table games
The situation with table games is a bit different compared to online slots. It can be very hard to find an LTC casino that hosts Litecoin poker, Litecoin blackjack, or any other table game you can play using nothing but your Litecoins. More frequent than not, table games can be played with fiat currencies, and in pure crypto casinos, it is somewhat ordinary to find a table game that supports Bitcoin.
This is where exclusive games kick in. The best Litecoin casino features table games exclusively made for cryptos, including Litecoin and other A-listers. With that in mind, don’t be fooled, exclusive games are nothing but your regular table games dressed in a different outfit. They were made by the same providers and the only thing that is different, apart from a slight change in appearance, is the option to place bets in cryptos.
Litecoin live casino games
Things are slowly starting to move forward in the live dealer games segment, with top Litecoin casinos starting to accept not only cryptos but NFTs as well. Sure, Litecoin is not as supported as Bitcoin, but you can still find a game of Litecoin roulette or online poker in the most developed and functional pure crypto casinos.
We are certain that as time passes, more and more live online casino games will become available for Litecoin users, not only in pure cryptocurrency casinos but in hybrid casinos too.
Litecoin Casino Bonuses
Expecting attractive welcome bonuses in the crypto world is fairly reasonable, which is why we encourage a lot of players to join the crypto community and start reaping the benefits. Litecoin bonuses are no different than Bitcoin, or Ethereum bonuses, as long as a casino accepts Litecoine, and most pure crypto casinos do.
In this segment, we’ll explore all bonuses you can stumble upon during your crypto casino adventure. At all times remember that crypto bonuses are significantly better than regular bonuses that rely on fiat currencies. Some of them are truly amazing in terms of funds and free spins, just make sure to keep an eye on two things – wagering requirements and timeframes. Casino bonuses have limited timeframes ranging from just three days to one whole month. Try to avoid bonuses with a very short validity time and go for the ones that do not expire before your rollover is completed.
Litecoin welcome bonus
The newest Litecoin casinos offer great deposit bonuses, which is sort of expected in the ever-growing world of Litecoin gambling. These are by far the most important incentives in all online casinos, so choosing one is quite important.
Fortunately for us, crypto welcome bonuses are usually more generous than regular welcome bonuses. Some casinos offer as much as 1 Bitcoin of bonus money, which is unparalleled in the online gambling community – there is no fiat-based website capable of matching this offer.
However, a welcome bonus is always accompanied by a nasty thing called wagering, which usually revolves around 40 times the deposited funds.
In effect, this means that a $1,000 bonus has a $40,000 rollover limit, so a player has to place $40,000 worth of bets just so he or she could successfully wager a $1,000 bonus.
Litecoin reload bonus
Reload bonuses are intended for existing casino players. These deposit-based bonuses come in a form of a one-off financial boost. They sort of resemble welcome bonuses, but they are not as generous. In most cases, players can expect some bonus funds and/or a handful of free spins. As for the frequency, reload bonuses can be found in daily, weekly, and monthly forms. Do your best to claim the biggest reload bonuses burdened with the least amount of wagering.
At some point, you will lose a certain amount of money, even in the best Litecoin casinos. This is where cashback kicks in – it’s an incentive designed for existing players that recovers some of their losses on a daily, weekly, or monthly basis. Depending on the casino, some VIP programs can improve your cashback percentage as you level up.
If this is the case, exploit those perks as soon as you can in order to return as much money as possible. Reminder, every cashback bonus has its limits in terms of the minimum loss amount and the highest cashback amount, and sometimes it comes with a wagering requirement you need to fulfill if you want to claim new bonuses and promotions.
Litecoin free spins
If a Litecoin casino offers you some free spins, do not hesitate to claim them, just be realistic right from the start. Free spins bonuses are designed as a promotional tool to attract new players and reward the older ones, and it is very hard to score big due to several factors – inherently low RTP on slots, high wagering, and capped winnings being the most common.
The Advantages of Using Litecoin
When crypto is as popular and used as Litecoin, its perks easily shadow potential drawbacks. Granted, all cryptos have their pros and cons, but in the context of online casinos, the advantages of Litecoin are second only to Bitcoin and Ethereum.
Before you turn to Bitcoin or even Bitcoin Cash, remember that Litecoin is extremely popular all around the world. Finding an LTC casino, as well as opening your Litecoin wallet, is very easy and you don’t need an expensive computer. Litecoin is accepted in many online casinos that support cryptos, almost all of them, and even a casino that is advertised or reviewed as a Bitcoin casino most likely accepts Litecoin.
Faster and cheaper than Bitcoin
On average, Litecoin transactions are 3 to 4 times faster than Bitcoin. With that in mind, it’s reasonable to assume that over a long period of time Litecoin will be easier to scale than Bitcoin. Additionally, Litecoin transactions are not only faster but way much cheaper than Bitcoin transactions. In comparison, the average Bitcoin transaction is a little over four dollars, while Litecoin’s average fee is less than three cents American.
Every day, over two million Litecoins are traded on average, and with a market cap of over $11 billion, Litecoin is a relatively safe bet. With liquidity as big as this, a single coin seller can not destroy the market price of Litecoin, which is very important in the volatile crypto market. The coin is also very visible and accepted by many, including Litecoin casinos.
Safety and reliability
Litecoin and Bitcoin are practically related since Litecoin was created as a fork in the Bitcoin blockchain. It is one of the oldest and most reliable cryptocurrencies in the world, making it extremely safe for buying and selling.
The Disadvantages of Using Litecoin
Litecoin has a couple of drawbacks compared to other cryptos, but we think that those disadvantages are less significant than the advantages. Anyhow, let’s examine them one by one.
Tough brand battle
Litecoin was intended to be an alternative to Bitcoin but it turns out that investors are not buying it (pun intended). As of now, most people consider Ethereum to be the second in charge, right after Bitcoin. At the time of writing this review, a lot of online casino players are selling their Litecoin in favor of Bitcoin and Ethereum.
The creator gave up
Five years ago, the inventor of Bitcoin Charlie Lee sold all of his Litecoin, which was a devastating blow for the Litecoin community. Lee later explained he did so only to prevent speculations of manipulating the market, as he couldn’t tweet about Litecoin without the conflict of interest – a noble act for sure. However, the market responded badly and instead of trust, this decision only boosted suspicion regarding the value of Litecoin.
Not so long ago, Litecoin was the fifth biggest crypto according to the market cap. Nowadays, it’s around number ten. But this is not the worst thing, according to experts. In the last three years, Litecoin went up less than 50% in value, while in that same period Ethereum and Bitcoin skyrocketed around 350% and 360% respectively.
Not all online casinos accept
Litecoin Sadly, not all online casinos are willing to support Litecoin and it is possible to spot a great crypto casino with nice games, only to decline your Litecoin deposits. Having said that, the number of good crypto casinos that do not support Litecoin is somewhat small, and finding an awesome Litecoin casino is a fairly easy job, but we urge you to check the casino’s banking section before you try to make a deposit, or even create a casino account.
Play Online Casino Games with Litecoin
To conclude, playing with Litecoin can be both fun and lucrative, but there are some steps you have to take in order to increase your chances for big wins and an even bigger gaming experience. We advise you to play at licensed and well-regulated casinos that rely on provably fair games. Versatile games made by top developers are your number one priority, so it’s probably a good idea to find casinos that feature an extensive catalog of casino games, from slots to live casinos.
Go for LTC gambling sites with the biggest deposit bonuses, especially those offered to crypto users. A welcome bonus for cryptos only can yield staggering offers, far better than your average welcome bonus for fiat currency. A low minimum deposit is important, but not as low wagering, so try to find a welcome bonus for cryptos with the lowest rollover possible, which shouldn’t be too hard – Litecoin bonuses are known for generous offers.
Finish the rollover ASAP by playing games with the biggest wagering contributions, otherwise, you are risking a wild casino ride with potentially devastating effects t your bankroll. Buy Litecoin in advance, under premium terms, and as soon as you start playing enter a tournament or two – it can be very rewarding, on top of being compelling and exciting all the time. Having solid customer support is always a big plus, but if you are a seasoned gambler and you are playing on a safe and reliable website, this is optional.
What is Litecoin?
Litecoin is a blockchain-based, fully decentralized cryptocurrency designed to complement Bitcoin. It was launched in 2011 using the Bitcoin blockchain system as a foundation, and it can also be mined and used in peer-to-peer transactions, or as an asset in most online casinos that accept Litecoin, the so-called Litecoin casinos, or simply LTC casinos.
Where to buy Litecoin?
You can purchase Litecoin using several different platforms, and because it is so popular and accepted by online gambling sites, it is virtually impossible to miss it. Some of the websites you can buy them on are Binance, BitPay, Coinbase, ByBit, KuCoin, and many others.
How to stake Litecoin?
You can stake Litecoin on many platforms, with each offering different terms and conditions. By locking away your Litecoin for a period of time you can passively make money, like savings used to do in regular banks. The longer you lock your cryptos – the more money you make. Staking Litecoin can get you anywhere from 0,
How many Litecoin coins are there?
The supply of Litecoin is limited to 84 million in total. As of today, there are approximately just under 14 million Litecoins left to be mined.
Do many crypto casinos accept Litecoin?
As a matter of fact – yes! Litecoin casinos are quite common in the online gambling industry. Most crypto-friendly online casinos accept Litecoin payments and Litecoin transactions mainly because Litecoin is one of the most popular and valuable cryptocurrencies in the online casino gaming industry right after Bitcoin and Ethereum.
What are the best Litecoin gambling sites?
As mentioned in the text above, there is no such thing as the best Litecoin casinos. There is, however, the best Litecoin casino FOR YOU, your preferences, and your bankroll. Before you start playing casino games, go through our list of top Litecoin casinos and find the one that ticks all the boxes.
As a rule of thumb, proven by many casino reviews, you need a Litecoin casino with games you like, a generous deposit bonus paired with low wagering, interest incentives and/or a VIP program, solid banking, and reliable customer support. If you are a mobile gambler, then seek for good mobile casino site as well, which shouldn’t be hard – these days there are many online casinos that offer fantastic mobile experiences.