The internet has a myriad of online casinos available today. With so many offerings on the market, there certainly is room for multiple playstyles no matter your preference. Utilising various cryptocurrencies as the preferred currency for betting websites has become prominent in the last few years. For example, there are bitcoin betting sites, Litecoin betting sites and other crypto-related casino sites.
This is not only exciting, but convenient for several reasons, among which are the flexibility of fast, direct deposits and withdrawals. Further, cryptocurrencies open the door to provide players with more autonomy as they don’t require any intermediaries for depositing your money.
This essentially means that money goes straight from your crypto wallet into your casino account; When you withdraw, it goes straight back to your wallet. Everything with crypto is also very transparent, as you can watch each of your transactions on the publicly available blockchain.
This article will delve into cryptocurrency casinos but more specifically, Litecoin betting sites and Litecoin casinos. First and foremost, we’ll give a brief explanation of what Litecoin is. Second, we’ll talk about how you can purchase Litecoins and where to do it. Third, we’ll provide some insight and background about some of our favorite Litecoin betting sites where you can deposit your coins and start playing. Last, we’ll answer some of the most frequently asked questions regarding Litecoin and what to know about LTC betting, as well as Litecoin games.
Before we even start discussing what betting sites we can turn to when utilising Litecoin, we believe it’s crucial to understand what it is, its origins and a bit about the crypto token.
FAQ about Litecoin betting sites:
Litecoin, often referred to as bitcoin’s little brother, is an electronic peer-to-peer cryptocurrency. The token was founded in 2011 by former Google engineer Charlie Lee. The coin, similar to bitcoin, has no central authority, making it completely decentralised. Unlike its ’big brother’, Litecoin sought out to solve some of the perceived shortcomings of bitcoin. Some of these differences included making Litecoin faster and more easily accessible.
uying Litecoin is not as tricky as one may think it is. The only thing you need to do is register an account on a cryptocurrency platform, add a payment method, and purchase your Litecoin. Once you have Litecoins in your crypto wallet, locate the address on your Litecoin betting site, and withdraw the tokens from the exchange to this address, i.e., your Litecoin casino wallet. It is as easy as that!
Once you feel satisfied and want to withdraw your winnings, you have to go through the same, simple process you did when depositing your Litecoin, but reverse. Now, locate the Litecoin wallet address on the exchange you used to purchase them, and withdraw your tokens from the Litecoin betting site to this address to finish the process.
There’s no right or wrong answer here. It’s all perceived differently, as the tokens aren’t the same. Litecoin was set out to cover what some believed to be a few shortcomings with bitcoin. These were namely transaction speed and total supply. With that said, bitcoin has been better historically at storing of value.
If you want to liquidate your earnings, you can easily do this at the same cryptocurrency exchange where you initially purchased your Litecoin. All you have to do is sell it in exchange for the offered currencies and withdraw the fiat currency to your bank account.
Generally speaking, these Litecoin betting sites have a proven track record of being safe and scam-free. Furthermore, the websites have obtained a gaming license and host provable games so you won’t get cheated. You should note that there’s always a risk involved when gambling on offshore casinos, even though they have a good track record.
The short answer would be ‘no’. However, casino websites are restricted in many of the states in America while cryptocurrency casinos are entirely restricted. Even so, since the websites are hosted outside of the United States, US legislation can’t do anything, so there are no legal ramifications when betting Litecoin on a football game. But to be sure, check what the guidelines say in your country.
What Is Litecoin?
Many people have heard about the vastly popular cryptocurrency known as bitcoin. This was the first mainstream crypto token that built hype around an electronic peer-to-peer cash system and store of value. Bitcoin was created in 2009, and Litecoin, which is often referred to as bitcoin’s little brother, was created in 2011.
Litecoin was born from bitcoin’s source code by the very talented, former Google engineer, Charlie Lee. The coin, similar to bitcoin, has no central authority, making it completely decentralised. Unlike its ‘big brother’, Litecoin sought out to solve some of the perceived shortcomings of bitcoin.
Some of these aspects included increasing the speed of the network and making it easier to acquire. This is, of course, something that greatly benefits all of us gamblers who want to utilise Litecoin to make fast and reliable deposits and withdraws and make bets on litecoin sportsbooks.
Since its inception, the coin has gained a great amount of value. Currently, it sits at the number 18th spot among the most valuable cryptocurrencies on the market, boasting a whopping $14 billion market capitalisation. At its highest value, litecoin held the number-three spot of the most valuable cryptocurrencies on the market.
How Do You Purchase Litecoin?
Bear in mind that this section of the article isn’t meant to be financial advice by any means, but rather act as a helpful guide explaining how you can purchase litecoin.
To safely purchase litecoin, the best route is to do so through a trusted, centralised cryptocurrency exchange. There are plenty of exchanges on the market, some better than others. Depending on where you are in the world, some of the sites may be more suited to you than others. It’s up to you to find which one fits you the best. Below we’ll line up some of our favorite exchanges where you can purchase litecoins and later deposit them to your favorite litecoin betting sites.
Coinbase for LTC betting
Coinbase is a mainstream American cryptocurrency exchange that was founded in 2012. The company is fully regulated and licensed, which attests to the site's credibility and stellar performance. All you have to do is register an account, verify your identity and add a payment method. Then, you should be good to go. Just purchase your litecoin and send it to a litecoin bookmaker of your choosing.
Binance for Litecoin Betting
Binance is a cryptocurrency exchange founded in Hong Kong, but as of 2018, it operates from Malta in the European Union. Exchange has one of the most popular cryptocurrency exchanges with the highest liquidity on the market.
To purchase your litecoins on Binance, you need to register on the site, complete a basic verification and add a payment method. Once you’ve done this, you can purchase your litecoin and transfer it to your favorite litecoin sportsbook on your preferred litecoin betting sites.
Kraken for LTC Gambling
Kraken is an American cryptocurrency exchange and bank. The company was founded back and in 2011 and has lots of rich experience in the cryptocurrency market. The company is operated from San Francisco, California. To purchase litecoin from Kraken’s cryptocurrency exchange, you need to register an account, provide a basic ID verification and set up a payment method. Now, you can purchase litecoin and speedily send it to your address at your favorite litecoin betting sites.
Bitstamp for Litecoin Gambling
Bitstamp is a European cryptocurrency exchange based in Luxembourg. The company, much like many of the before mentioned alternatives, has been in the industry since 2011. The site offers us gamblers an easy way to purchase litecoins and deposit them onto our favorite litecoin casinos. All we have to do is register an account, provide sufficient identification and add a payment method.
FTX for LTC betting
FTX is an American cryptocurrency exchange that has its headquarters in Nassau in the Bahamas. The site is user-friendly and offers users simple ways of purchasing their favorite tokens. This makes purchasing Litecoins as easy as can be. All that’s required is registering an account, providing some basic identification and adding a payment method. After that, you can easily purchase your litecoin and deposit them to your favorite LTC bookmaker on your favorite litecoin bookmakers.
These are some of our favorite cryptocurrency vendors. They all offer safe, reliable purchases and transfer without any problems. Finding out which one is best, however, is something we leave to you. All these exchanges are great, so in the end, it comes down to your personal preference.
Litecoin Betting Sites
Now for the topic you’ve all been waiting for. After understanding what litecoin actually is and learning where you can purchase them, it’s time to discuss where you deposit them and where you can gamble. Below, we’ve given you a shorter list of our preferred sites, but if you want a more comprehensive list, make sure to check out list.
Betonline.ag – LTC bookmakers
This gambling website is primarily focused on and known for its sportsbook, which is excellent for those seeking a trusted place for LTC betting. Finding a trusted litecoin bookmaker may be a challenge, but betonline.ag is a great candidate for making things easy.
The company has been around since 2004, but has roots going back to 1991. The casino has currently obtained a gambling license from Panama. Even though the site may be famous for its extensive sportsbook, we want to point out that the company offers a very holistic casino experience, with all the traditional casino games you’re used to and hopefully love. This means that betonline.ag also works if you want to play litecoin games, so don’t forget that there are options for real gamblers here.
Stake – Litecoin sportsbook
Stake is a relatively new player on the block established in 2017. It has gained massive traction during its years on the gambling scene. The company obtained its casino license from Curacao. They’re also verified as members of CCF (Crypto Gambling Foundation), which means that the games are fair.
The company can be seen in many places today through its impressive sponsorships. Including UFC, Watford Football Club and individual top fighters, such as Israel Adesanya and Francis Ngannou.
The site offers us an excellent sportsbook where we can use our litecoins. But the casino also offers all the other casino games that we’re used to. If you have an itch to play blackjack, baccarat, roulette or any of the other famous casino game, Stake has got you covered.
This website offers a total of 1,021 casino games, so there’s plenty for you to choose from. One of the downsides of the casino is that they have some location restrictions. So not all players are unfortunately not welcome at this time, depending on where you’re playing from.
Roobet – Litecoin sportsbooks
Roobet is another relatively newfound betting site that uses cryptocurrency such as bitcoin, ethereum and litecoin. It holds a gambling license in Curacao. The company has exploded in popularity recently, with some of the internet's most prominent influencers promoting and gambling on Roobet.
The company introduced its own sportsbook fairly recently, where you can bet on traditional sports, including basketball, football and tennis. However, you can also bet on other less conventional games such as esports-games, including CS:GO, League of Legends and Dota 2.
If you don’t want to utilise the LTC bookmaker, you can use your tokens to play other litecoin games. The website has limited options for table games, so instead offers exclusive games such as the high-risk game Crash. The site also has other traditional well-known slot games, so there’s something to everyone's liking.
Cloudbet – Litecoin sports betting
Cloudbet is a website that has been around the block, even when it comes to crypto. The company opened its doors in November of 2013. Now one of the most prominent players in terms of exclusive crypto casinos. The company is based out of the Netherlands Antilles and has obtained a gambling license from Curacao.
Cloudbet is famous for its sportsbook and live betting. So this might be your place if you’re looking for a perfect litecoin bookmaker. Something you instantly notice upon entering the website is how sleek and professional it looks. The company has extensive knowledge of the casino space, which you can tell right away.
Besides their extensive sportsbook and live betting platform, the casino also offers a full range of casino functions with slot and table games. If you have any questions or bump into any problems, you can always turn to their trusted support through live chat or email.
Concluding Remarks on Litecoin betting sites
These were some of our favorite litecoin betting sites. There are certainly more websites than this that offer litecoin bookmaking and litecoin games. However, we feel that these are the best ones on the market at the moment.
With that said, everyone is different, so it’s up to each and every one of you to find the casino that fits you the best. The same goes for finding the ideal exchange to purchase your litecoin.
Try the different exchanges and see which one fits you the best. Lastly, remember that both the casino and cryptocurrency industry is moving at a tremendously fast pace. So don’t be surprised if more crypto casinos pop up in the near future. Keep an ear to the ground and check out our guide to see comprehensive expert lists.
