Litecoin is widely considered the little brother to Bitcoin, and is one of the internet’s favourite cryptocurrencies, with one of the highest market capitalisations of any coin. This well-established coin is supported by dozens of Litecoin casino websites and Litecoin sportsbooks, supporting everything from traditional table games like roulette and slots, to sports betting.
But the Litecoin betting market is a crowded field, meaning savvy players need to be sure they’re getting the security, top bonuses and quality service they deserve. That’s why we’ve put together this Guide to Litecoin Casinos and Sportsbooks, which will explain how to purchase, deposit and play with Litecoin, as well as listing our top five Litecoin gambling websites to save you the hassle of trawling the web for the best places to play.
- 1 The best 5 Litecoin casinos and sportsbooks 2020
- 2 How to register and deposit funds at a Litecoin casino or sportsbook
- 3 Convert your Litecoin to cash
- 4 What games can I play at a Litecoin Casino?
- 5 What markets can I bet on at a Litecoin sportsbook?
- 6 Litecoin casino bonuses: how do they work?
- 7 Litecoin casino bonuses for existing players
- 8 Understanding the terms of a Litecoin casino bonus
- 9 How do I choose a Litecoin casino or sportsbook?
- 10 Are Litecoin casinos and sportsbooks safe?
- 11 FAQs
- 12 Do Litecoin casinos offer bonuses?
- 13 What are bonus wagering requirements?
- 14 Can I play poker at Litecoin casinos?
- 15 What is the minimum deposit at a Litecoin gambling site?
- 16 How do I make a withdrawal from a Litecoin casino or sportsbook?
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The best 5 Litecoin casinos and sportsbooks 2020
How to register and deposit funds at a Litecoin casino or sportsbook
Playing at a Litecoin casino is much like gambling at a traditional online casino. All you need to do is buy some Litecoin online, choose a casino or sportsbook, deposit funds, work up some winnings and withdraw! However, there are a few differences between Litecoin casinos and their fiat counterparts that you need to be aware of. Below, we’ve compiled a handy, step-by-step guide to the entire process of playing at a Litecoin casino.
Step 1: How to buy Litecoin online
The first step is to purchase some Litecoin. Head over to a trusted coin exchange like coinbase.com. Provide basic information (your name and preferred email) and choose a password.
Choose Litecoin (LTC) to see its current price and then choose ‘Buy’, at which point you’ll be required to submit ID (a picture of an official document like a passport or driver’s license).
You can purchase as much Litecoin as you need using one of several payment methods, including bank transfer, debit/credit card, PayPal, or any cryptocurrency in another wallet.
You’ll be issued a Litecoin wallet address. Do not lose this address, or your balance of cryptocurrency will be lost forever!
That’s it! You’re ready to go.
Step 2: Choose a trusted casino or sportsbook
Now that you have some funds, you need to pick a casino or sportsbook. All the websites listed above guarantee a good time, but you need to ensure that your chosen Litecoin casino or sportsbook supports the games you want.
You also need to check that it caters to players where you’re based. We have provided some of this information above, but please remember to check the website’s terms and conditions.
Step 3: Open an account
Once you’ve settled on a Litecoin casino or sportsbook, you’ll need to create an account. Unlike a fiat casino, all you need to provide upfront is an email address and password. These are the advantages of gambling with cryptocurrency rather than fiat – ease and anonymity!
Step 4: Deposit funds
Now your account is set up, it’s time to deposit some Litecoin. Go to the ‘DEPOSIT’ page of your Litecoin casino or sportsbook, and then copy your Litecoin wallet address into the clipboard, which you’ve already obtained from your trusted coin exchange.
Once that’s all done, your funds will usually be credited to your Litecoin gambling website in a matter of minutes. Then you’re ready to play!
Step 5: Gamble responsibly
Most Litecoin casinos and sportsbooks will list their gaming options at the top of the page, so you can dive right in with Litecoin roulette, blackjack, slots or sports betting. Gambling is always best when enjoyed responsibly, so take a moment to set up betting parameters. Your Litecoin wager is displayed in US dollars, which allows you to easily keep track of how much you’re playing with.
Step 6: Withdraw your winnings
To cash out, simply head to your account in the overhead menu and select ‘WITHDRAW’. Select how much of your balance you want to withdraw in Litecoin (LTC), then enter your Litecoin wallet address where the funds will be transferred.
Convert your Litecoin to cash
You can always keep playing at Litecoin casinos, but sooner or later you will probably want to convert your crypto to cash. Simply head to your chosen coin exchange and choose ‘SELL’ – then you’ll be able to trade any Litecoin in your wallet for fiat. This can then be credited to a PayPal account, or transferred directly to your bank account.
What games can I play at a Litecoin Casino?
Litecoin casinos are virtually identical to fiat-based gambling platforms. Thousands of familiar games by respected software developers are available from their gaming suites. We’ve listed below some of the games you can expect at Litecoin casinos.
✔️ Table Games
Litecoin casinos all support staples like roulette, craps, blackjack, baccarat and video poker. Most casinos also offer live tables for the full casino experience from the comfort of your home!
✔️ Litecoin Slots
The casinos listed here all provide hundreds of Litecoin slot games, developed by respected software companies with years of experience. You’ll encounter everything from traditional, three-reel games to more elaborate slots filled with bonus features and special.
For truly titanic wins: progressive jackpot slots are linked to other online casinos, meaning the more people play across the globe, the higher the jackpot climbs.
✔️ Video Poker
This game offers one of the lowest house edges across the board, meaning you have the best chance of walking away in the black! On top of this, Litecoin video poker lets you set your limits, because each hand is offered as a fixed multiplier. This means the top jackpot (up to a maximum limit) is determined by your stake – the more you bet, the more you stand to win.
✔️ Virtual Games
Variety is the spice of life, and in addition to the usual suite of table games, the Litecoin casinos listed here all offer virtual games rooms, offering keno, online scratch cards, keno and so on. Many of these games let you set your own stakes – for instance, a virtual scratch card with a top prize multiplier of 1000x would mean a LTC stake of $5 would yield $5, while a $10 stake would net $10,000.
What markets can I bet on at a Litecoin sportsbook?
For sports-betting aficionados, Litecoin sportsbooks will cater to all your needs. Below, we’ve provided a quick overview of everything you need to know about Litecoin sports betting platforms.
???? Sports and markets
Every Litecoin sportsbook will support bets on the most popular betting markets: including American football, tennis, soccer, basketball, rugby and baseball. But you can also bet on cricket, F1, eSports, boxing, Mixed Martial Arts, and much more. And you’re not limited to the basic ‘Win-Draw-Win’ market. At top sites like FortuneJack, you can wager on any number of outcomes (fouls, corners, first-to-score and so on).
???? Pre-match and In-play
It is now standard practice across the industry for sportsbooks to allow betting both pre-match and in-play, with the former generally offering more markets and competitive odds. If you want to make live bets in-play, you should expect a 6-10 second delay to mitigate against malpractice.
This is a newer feature for Litecoin betting. Essentially, you can resolve bets before they’re settled for a guaranteed – but lower – profit. Imagine the Warriors are leading the Lakers by three points with 10 minutes on the clock, and you think the Lakers could pull back. With in-play, you have the option to cashout your bet on the Lakers to win.
Litecoin casino bonuses: how do they work?
Most Litecoin casinos will reward new players with a welcome bonus – or several bonuses. But Litecoin casino bonuses are more complicated than they appear. Below, we’ve explained exactly how casino bonuses work and how to get the most out of them.
✔️ Matched Deposit Bonus
The most-typical welcome bonus, in which the Litecoin casino matches the value of your first deposit by a percentage up to a set amount:
???? Say your chosen Litecoin casino offers all new players a 200% matched deposit bonus up to 1 LTC
???? When you create your account and deposit 1 LTC, the casino will give you an additional 2 LTC on top
???? Your starting balance will therefore be 3 LTC
✔️ Free Spins
Litecoin casinos often offer free spins on Litecoin slot games to new players, sometimes in tandem with other bonuses. These are basically free of risk – so happy spinning!
Here’s how they work:
???? A Litecoin casino is offering new players 10 free spins on Frankenslot’s Monster
???? Create your account and deposit some Litecoin
???? With your 10 free spins, you win $50, which are added to your balance
✔️ No Deposit Bonus
They don’t come up often, but you can grab these bonuses without having to deposit any money.
???? Create an account at a Litecoin casino offering a ‘No Deposit Bonus’ of $15
???? As soon as you confirm your email address, $15 will be added to your balance
???? If you win $200 using your free bonus, these winnings are added to your balance
Litecoin casino bonuses for existing players
In addition to snagging newbies with welcome bonuses, casinos offer plenty of rewards for sticking around. Here are some examples…
A reload deposit bonus means your Litecoin casino will match your deposit up to a certain limit – often on a particular day of the week. For example, a Litecoin casino might offer a TGIF reload 50% reload bonus.
Here’s how this reload bonus would work:
???? Every Friday, your Litecoin casino offers a 50% reload for 1 Litecoin
???? Your new balance would therefore be 1.5 LTC – come back every Friday to make the most of this bonus!
Litecoin casinos usually offer an ongoing reward programme of some description for loyal customers. Keep up a steady stream of deposits and bets, and you’ll be awarded points, which can be exchanged for perks like funds, more bonuses, free bets and gifts.
Many Litecoin casinos rewards top customers with a VIP status. These big spenders enjoy a range of special privileges and comps denied to the average players, including dedicated account managers, improved betting odds, advanced promotions, lowers wagering requirements for bonuses, and access to VIP-only rooms.
Understanding the terms of a Litecoin casino bonus
Bonuses are great, but you must read the fine print. Here are some of the key things to bear in mind.
Every bonus will come with wagering requirements, which must be met before winnings accumulated using bonus funds can be withdrawn. This is to make sure you don’t immediately cash out your bonus as soon as it’s credited.
???? Wagering requirements are expressed as a multiple: x20, x40, x50 and so on.
???? If a wagering requirement on a $10 bonus is x20, it means you need to gamble $200 before you can withdraw any winnings.
???? Wagering requirements at Litecoin casinos are typically around 40x, but they do vary.
Different casino games contribute different amounts to your overall wagering requirement, expressed as a percentage. This is weighted depending on the house edge of a given game.
???? So let’s say you have to gamble $200 to withdraw any winnings after getting a $10 bonus at a wagering requirement of 20x.
???? Slots usually contribute 100% towards your wagering requirements, meaning the full value of your bets on these games goes towards your $200 total.
???? But roulette might only put 20% of your stake towards your requirement, meaning only $0.20 of every dollar gambled would count.
The last thing to bear in mind is the time limit attached to most Litecoin casino bonuses. You are given a set amount of time within which you must make the wagering requirements, or the bonus funds expire. This can be anything from 7 days to a month.
How do I choose a Litecoin casino or sportsbook?
Now you know the basics about how Litecoin casinos, sportsbooks and bonuses work, you need to know the markers of quality.
It’s important to ensure your Litecoin casino is reputable – we can vouch for the five listed here, but if you want to play elsewhere, check how long they’ve been in business. Established brands are usually safer bets – we advise sticking to platforms that have been trading for five years or more.
Player reviews in the public domain are also useful, although be aware of fake ‘reviews’ commissioned by casino operators – be sure to check a range of opinions.
✔️ Deposits and withdrawals
Only play with Litecoin casinos that provide instant deposits and withdrawals – where the end payments system is automated, and your account is credited as soon as the blockchain has validated your transaction; and withdrawal requested are processed immediately.
There are two main things to bear in mind with bonuses. Firstly, are they competitive for new and established players? Browse both the welcome packages and reward/VIP programmes.
Secondly, are the wagering requirements reasonable? Good luck cashing out a bonus with a 99x rollover within seven days!
✔️ Gaming Suite/Betting Markets
Does the casino offer a competitive selection of gambling products? Does the platform support a decent number of games and gambling markets? What software developers are the website partnered with? Does the sports betting suite offer pre-match and in-play? These are all key considerations.
✔️ Customer Support
Finally, nothing makes a gambling experience like first-rate customer support. Any decent platform should include 24-hour live chat so you’re never alone when things go wrong.
Are Litecoin casinos and sportsbooks safe?
The Litecoin casino industry is young, and mostly unregulated. If a website where you have an account suddenly closed, you would have little chance of seeing your funds returned. The Litecoin casino industry and blockchain-based currencies in general are based largely on trust, so always look for a website with a strong and established reputation. That’s what we’re here for!
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Do Litecoin casinos offer bonuses?
All our top 5 Litecoin casinos offer a variety of bonuses, including a big welcome package for new players.
What are bonus wagering requirements?
Requirements attached to bonuses that must be met before you can cash out any funds. So, for example, a $10 bonus with 20x wagering requirements with a 10-day time limit would require you to gamble $200 within 10 days – on games with 100% contribution to your wagering requirements. The latter can vary widely, so be sure to check.
Can I play poker at Litecoin casinos?
You can play video poker at all the Litecoin casinos recommended here, but Litecoin table poker is quite a small market right now – although some websites do offer Litecoin poker rooms.
What is the minimum deposit at a Litecoin gambling site?
There is no minimum deposit, no additional fees and total anonymity when crediting funds to your Litecoin casino account.
How do I make a withdrawal from a Litecoin casino or sportsbook?
Once you’ve had your fun and want to cash out, just make a withdrawal request from your account portal. Choose how much you want to withdraw, and the Litecoin wallet you want the funds sent to. Be sure to get this right, because once you’ve chosen the wallet address, there’s no going back.