Online Casinos Accepting Litecoin
South Africans like to study all possible investment opportunities before deciding to put their cash into something. It’s because of this research and the need to hedge bets that Litecoin has taken off as one of the strongest contenders in the cryptocurrency market.
As the other big names in the crypto landscape become more accepted by mainstream businesses and outlets other cryptos gain legitimacy as well, Litecoin is no different. As times change and horizons shift you’ll begin to see more and more online casinos accepting the cryptocurrency as a method to deposit and withdraw.
If you’re an investor in the currency you might already know a thing or two about it, join us regardless as we take a bit of a deep dive into the coin and see where its strengths lie, how you can use it at casinos and much more. Even if you’re playing with the idea of investing right now it’s a good idea to see what you could be getting yourself into.
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Benefits Of Using Litecoin
- Uses blockchain technology so transactions are incredibly secure
- As with most other cryptos, transactions are fast
- Potential to see significant returns on investments
- Can be a good buffer zone between your bank and your online casino of choice
- Certain online slot developers create games that are crypto friendly
Any Disadvantages?
The disadvantage of using Litecoin is the same as investing in any other crypto or business, the market fluctuates regularly meaning you could lose the value of your investment. You should only ever put in what you’d be okay with losing because when it comes to the crypto game, nothing is guaranteed. If you understand and are okay with this risk then you’ll be fine but always know that one day you could be up and the next day you could be down.
How To Make A Deposit Using Litecoin At An Online Casino
When you’ve made and verified your account and you’re ready to make your first deposit you might feel a little overwhelmed at first. That’s a normal feeling to have, but if you follow our three simple steps you’ll be playing your favourite games in no time at all.
Step 1 – Selecting Litecoin
When you first click on that deposit button you’ll be greeted with a number of different banking options. Select Litecoin from the list and continue on to the next step.
Step 2 – Entering / Selecting Your Amount
After choosing your method you’ll be asked to enter in an amount you wish to deposit or select one of the predetermined amounts. Keep in mind that there are minimum and maximum deposit limits.
Step 3 – Confirmation
When you’re happy with the amount you wish to deposit click on the button to continue. You’ll be taken to a screen where you’ll be asked to enter in your wallet information. Follow the onscreen prompts to finalise your deposit.
How To Cashout Your Funds Using Litecoin
When you’re happy with the amount that you might have won playing some of your favorite games you might want to make a withdrawal from your account. If it’s your first time making a withdrawal from your casino account you might be asked to provide some documentation to prove that it’s really you. This could take the form of a photocopy of your I.D., passport or driver’s license, a photocopy of payment methods, a copy of utility bills or anything in between.
Step 1 – Selecting Litecoin
You’ll want to navigate to the cashier once again but this time click on the withdrawal option. You might be able to head straight there by navigating your account options. Once you’re on the right page select Litecoin.
Step 2 – Entering / Selecting Your Amount
After selecting your method you’ll be asked how much you wish to withdraw. Select one of the options provided or enter in your own amount (keeping in mind the minimum and maximum values).
Step 3 – Confirmation
When you press the button to continue you’ll be asked to provide your wallet account details once again. Follow the onscreen prompts. When you finish this process your transaction shouldn’t take more than a few hours to reflect.
History Of Litecoin
Litecoin was developed and created by a Google employee, Charlie Lee, in 2011. Lee later went on to become the Engineering Director at Coinbase, a cryptocurrency exchange platform. When it was first released it was almost identical to Bitcoin, the key differences being a lower block generation time and a greater number of coins.
The coin experienced its first major leap in growth in November 2013 when it jumped up 100% in 24 hours. To date the supply limit on Litecoin is 84,000,000 coins which is what drives the value of the crypto.
Litecoin is one of the more accepted cryptocurrencies available on the market. It is finding legitimacy along with Bitcoin and Ethereum.
Security
Litecoin, along with most other cryptos, uses what’s known as blockchain technology to process transactions. The blockchain makes transactions incredibly fast and highly secure. Account security is something that needs to be checked and monitored depending on which wallet you use to keep and trade your cryptos.
Litecoin FAQ’s
Where do I begin if I want to use Litecoin at an online casino?
The very first step you need to take is deciding on a wallet to use, do the research and find the best one for you.
Besides Litecoin, what are the other big names in the crypto market?
Besides Litecoin there is Bitcoin, Bitcoin Cash, Ethereum and Ripple.
Is it wise to transfer all my casino winnings into Litecoin?
That is something you need to monitor to make a decision. The market is always changing so you might make gains or you might lose some of it.
Why doesn’t every online casino accept Litecoin?
Cryptos are still relatively new, so as they become more accepted they’ll become more readily available to use at online casinos.
What’s the difference between Bitcoin and Litecoin?
The main difference is the speed of transactions. Litecoin tries to process every 2.5 minutes as opposed to Bitcoin’s every 10 minutes.
Recent Comments for Litecoin
29 Comments
User reviews marked with this logo are syndicated from LCB.org
I used to use Bitcoin just because I was new to crypto.
Litecoin is by far the quickest, easiest option there is for crypto casino’s. Best benefit is that there are a lot of wallets that support it. Love that it has less than $.01 network transaction fee’s as well.
It is sometimes quicker than regular bitcoin to show up but I can’t find an app that uses the correct address the casino wants to withdrawal with litecoin
i just recently moved to litecoin for deposits. it is just as fast as bitcoin but less fees involved so cheaper. Its not any harder than depositing with bitccoin.. most of the casinos offer so no brainer.
So much cheaper than most crypto. Also, it deposits faster and verifies quicker as well. Overall litecoin is a much better choice than bitcoin for deposits. The same can be said for withdrawals made with Litecoin. Cheap, fast, reliable.
Litecoin is my favourite way to deposit and withdraw. It’s fast, efficient, cheap and many casinos now accept it as payment methods and as withdrawal methods. I recommend everyone uses litecoin for quick deposits and withdrawals
Always my go to option for deposits and withdrawals. Usually the fastest. Completes within 30 minutes on average and the fees are minimal. Usually pennies. By far the best crypto option.
Someone says its better and others are saying it’s not good. What’s difference between bitcoin and lite coin fees. I am belonging to the region where its prohibited. So for me its purchase is slightly difficult because government is totally against digital currency. I have option to choose bitcoin or bitcoin. Which fees is high? Depositing and withdrawing and transferring all fees.
It is a very good deposit option, it has very little fees, around 20 cents when you deposit 20 dollars for example and to me it is absolutely correct. I can easily buy it with my bank card but unfortunately,, the fees to process are higher.
This is the absolute best way to go for any kind of crypto transfer or deposit. The fees are microscopic and it goes through the blockchain lightning fast for real. It is also a very well established and trustworthy crypto/ currency.
I love litecoin. This is is the banking method I use almost always. Its fast and reliable and the withdrawals are the fastest and at some casinos instatenous. This is the best banking method.
Lite coin is my go to when depositing at any casino. It cost less than any other option I’ve found. It’s not as fast as a credit card but only takes a minute or two and no personal information has to be shared with the casino like a bank card or anything
I really love litecoin especially for when I’m sending crypto the fees are really low compared to some others and also litecoin I feel is somewhat stable when it comes to its price it does take a bit longer for it to get confirmed but I do t mind that at all.
litecoin is my preferred method for better I say preferred type of currency I like to use when interacting with casinos. it seems to be faster another types of crypto and it’s easy to check on the blockchain. I would suggest everyone use Litecoin when dealing with online casinos
I’ve been using litecoin more than any other banking method recently as it’s easy and obviously a lot cheaper than bitcoin! if you have a good crypto wallet that’s all you need to play with online casinos. Just always check the minimum deposit amount because if you don’t make those requirements you lose that deposit.
I haven’t really ever used litecoin until recently. But I really like it and I wish I would have started using it sooner. The transactions go through much quicker than bitcoin and they seem to be much cheaper and at some places it is the preferred option over bitcoin. And with many wallet apps you can easily just convert bitcoin into litecoin and vice versa. But for me the withdrawals from litecoin might take a little longer to receive but the deposits have almost always been much faster.
Pretty much the same as using Bitcoin but can be a little bit faster than Bitcoin when it comes to confirming the deposit very easy to withdraw to as well very simple very easy makes gaming a very smooth process
I’m so glad I finally switched from using bitcoin to using lite coin stead because the fees for sending my deposits for online casino as bitcoin especially through cash app were getting just ridiculously expensive but the fees for sending lite coin are so low it’s usually a few cents instead of several dollars. And the transactions are pretty fast too since it only takes like 2-3 minutes per block on the blockchain compared to about ten minutes per block with bitcoin.
With how expensive bitcoin has got to play with because of transaction fees and minimum bet being way more than needed, litecoin has become my alternative. Much better than other alt coins. More games available and fees are low. Plus it’s fast to confirm.
IMO- Litecoin is the fastest and most cost efficient method of all cryptocurrencies. The price rarely fluctuates to notice any damage to your balance. I’ve never had any issues depositing or withdrawing using litecoin. Its the only method I use now and will continue to use. On the lightening network it is extremely fast and casinos that use it tend to pay out quicker. If a casino doesn’t have it as a choice then I don’t play there. Every casino should offer it and if they don’t then it tells me a lot about their payout system. I refrain from any place that doesn’t offer multiple withdraw methods.
litecoin is one of the best quickest and virtually fee-less when it comes to depositing to a casino it is one of my go tos! if you havent i would suggest giving it a try!
This is as good as it gets. Extremely fast, accurate, hasslefree, and allows instant payouts. Which there reakky is no excuse for there not to be at this stage of the game and our current technoology. Someday there will be a way to pay for things at walmart with this right there on aoiece of plastic.
This is as good as it gets. Extremely fast, accurate, hasslefree, and allows instant payouts. Which there reakky is no excuse for there not to be at this stage of the game and our current technoology. Someday there will be a way to pay for things at walmart with this right there on aoiece of plastic.
Litecoin is by far my preferred method of sending my deposits. It is relatively fast and the fees are like night and day when compared to Bitcoin and Ethereum to a lesser extent. What I don’t like is a lot of casinos won’t spend any winnings to a Litecoin address that doesn’t start with a “M.”
With not having a lot of experience with crypto, litecoin made it easy to start. It’s a good alternative to bitcoin and isn’t as pricy. Although the prices fluctuate like any crypto, it usually stays around the same price so there’s no fear in losing potential funds.
Litecoin is a great alternative to Bitcoin as Bitcoin has such high huge fees and take so long to go through I enjoy using Litecoin because the fee is usually only a few cents and it goes through so much faster than Bitcoin Plus you can cash out using like going and it just such a simple method to use for your depositing in withdrawing from casinos. It is also available on all major wallets that you can use for your cryptocurrency ventures it averages out to about $60 equals one Litecoin
Litecoin stands out as the epitome of comfort for casino deposits. Its lightning-fast transactions and low fees make funding your gaming account a breeze. With Litecoin’s robust security and widespread acceptance, enjoy hassle-free deposits and dive straight into the thrilling world of online casinos.
For me every crypto currency will do as i only use it for gambling. This is one of the currency and i didnt found nothing to complain about. Deposit is taking as long as it does with other cryptos. Good option!
LTC at current is one of the best opinion for deposit to online casino. Because it’s low fee cost, with improved network for a much faster transfer speed. Steady in price, it is always my 1st choice ：）
One of my personal favourite coins. FYI , we just added LTC item to the LCB Shop.