Best Litecoin Casinos in 2021: Top LTC Casinos!

Thanks to the renewed interest in cryptocurrencies, Litecoin casinos are now on the rise. Here, our experts weigh in on what makes the best casino for the altcoin, how to go about Litecoin gambling, and what kind of casino games you can find on these sites. Looking for a good Litecoin casino you can trust? We’ve done tonnes of research so you don’t have to.

Best Litecoin Casinos Online in 2021

#1
7Bit
100% match up to 1.5BTC
  • 2nd, 3rd & 4th Bitcoin deposit bonuses
  • Dedicated Bitcoin games area
  • VIP Programme available
* more terms & conditions apply
#2
BitStarz
100% match up to 1BTC, Deposit 100€ play with 200€
  • 2nd, 3rd & 4th Bitcoin deposit bonuses
  • Fast, 10-minute withdrawals
  • Multi-award winning
* more terms & conditions apply
#3
Rocketpot.io
Welcome Package + 10% Daily Cashback
  • Over 2,600 games
  • Accepts many cryptocurrencies
  • Experience loyalty points
* more terms & conditions apply
#4
KatsuBet
500€ + 100 free spins welcome package
  • Accepts loads of currencies
  • Over 5,000 games
  • iTechLab certified
* more terms & conditions apply
#5
Playamo
€/$ 100 Welcome Bonus + 100 Free Spins
  • Accept many crypto, including Litecoin
  • Monday free spins
  • High roller bonus
* more terms & conditions apply
#6
5Gringos
100% up to 500€ + 100 free spins
  • Many bonus options
  • Lots of new games
  • Comes in many languages
* more terms & conditions apply
#7
FortuneJack
6BTC welcome package
  • 24/7 live chat
  • Dice games available
  • Has Provably Fair software
* more terms & conditions apply
#8
Friday
100% match up to 200€ + 200 free spins
  • Accepts majority of cryptocurrencies
  • Had 100s of games
  • Huge cash drops
* more terms & conditions apply
#9
mBit
5BTC Welcome Package + 300 Free Spins
  • Over 2,000 games
  • 10-minute withdrawals
  • On-going promotions
* more terms & conditions apply
#10
BetChain Bitcoin
100% match up to 1BTC + up to 40 free spins, 100% match up to 200€ + 200 free spins
  • 2nd & 3rd Bitcoin deposit bonus
  • Loads of gaming options
  • Available in multiple languages
* more terms & conditions apply
#11
King Billy
5BTC Bonus + Free Spins or €/$1,000 Bonus
  • Most awarded online casino
  • 24/7 live chat
  • Available in multiple languages
* more terms & conditions apply
#12
CryptoWild Bitcoin
150% up to 1BTC + 150 free spins
  • Great 2nd, 3rd & 4th deposit bonuses
  • Accepts CoinsPaid
  • Provably Fair technology
* more terms & conditions apply
#13
Bit.io Bitcoin
Great loyalty club
  • Accepts many cryptocurrencies
  • Tournaments & sportsbook available
  • 10% cashback
* more terms & conditions apply
#14
Nomini
Up to 1,000€ over 3 bonuses
  • 7 welcome bonuses to choose from
  • Over 250 slots games
  • Accepts majority of cryptocurrencies
* more terms & conditions apply
#15
Wazamba
100% up to 500€ + 200 free spins
  • Award-winning casino
  • Tournaments available
  • 100s of slots
* more terms & conditions apply
#16
Casoo
2,000€ welcome package + 200 free spins
  • Play anywhere
  • 24/7 live support
  • Lots of payment methods
* more terms & conditions apply

What is Litecoin?

Litecoin, often styled as LTC, is a type of cryptocurrency, which means that it exists in a digital format with no physical coins or bank notes available. It is incredibly similar to Bitcoin and, in fact, it was practically a copy of the original cryptocurrency when it was first launched in 2011.

Nevertheless, Litecoin aimed to solve a number of problems Bitcoin users faced when using the cryptocurrency. These were namely the time it took for a Bitcoin transaction to be confirmed, and the price of each Bitcoin transaction. In both cases, Litecoin is the better version, with an average transaction time of 2.5 minutes (as opposed to Bitcoin’s 10-minute average), and with a fee of $0.0024 per transaction instead of the average $0.68 average per Bitcoin transaction.

LTC, however, still operates in the same manner as Bitcoin, in that it is not tied down to any bank, country, entity, or corporation, and in that there is no central ledger keeping record or authenticating your transactions. Instead, a network of computers run by verified users vet your transfers in real time.

In terms of gambling, however, Litecoin works in practically the same way as Bitcoin.

 

What are Litecoin Casinos?

Litecoin casinos are online casinos that accept LTC as a payment method. These transactions, just like those of other cryptocurrencies, operate through blockchain technology, which is essentially a decentralised database that is open and public. This makes it harder for hackers to steal your virtual money or data, and ensures that your transactions always remain secure.

LTC casinos, like other cryptocurrency casinos and online casinos, have a wide variety of casino games for you to play. These games usually include video slots, poker, roulette, baccarat, blackjack, roulette and live dealer casino games, but can also extend to lotteries, bingo, keno, dice games, and more.

 

How Do The Best Litecoin Casinos Work?

Players who are new to the cryptocurrency casino world often wonder how these casinos differ from the now-traditional online casinos. Well, the truth is that the majority of them operate in exactly the same manner.

When joining an LTC casino, you will still have to register, provide some personal information, and deposit money before you can start playing. There will also be bonuses and games organised in a similar structure on the site. The similarities don’t end there, either, as the usual security features still need to be in place, including a good license that allows them to operate legally.

One of the main differences, however, is that casinos that accept Litecoin are still a relatively new development. This, coupled with the fact that cryptocurrencies have been known to be used by criminals, makes some people wary. To combat this, these casinos sometimes reveal their software algorithms to show that everything is above board – an unimaginable practice to most traditional online casinos.

As time moves on and cryptocurrencies continue to gain traction, we expect more casinos to start accepting such payment methods. Of course, ensuring that the casino is reputable and legal is still a must – the ones we list on this site have all been rigorously checked to ensure no foul play.

 

The Best Litecoin Casino Bonuses

The majority of online casinos that accept LTC give their players good bonuses. This is because it is cheaper and faster for the casino to be paid in a cryptocurrency rather than a FIAT one, and so the savings are passed along to you in the shape of bonus money, which you will then use to play at the casino. (It’s a win-win situation for the casino, really.)

Nevertheless, these bonuses are rarely listed as an LTC casino welcome bonus or LTC casino no deposit bonus, and there’s a good reason for that. See, most of the casinos that allow players to deposit in Litecoin also exchange the cryptocurrency to a FIAT one in order for them to play casino games. In this way, the casino can then give you all the usual casino bonuses, including sign-up bonuses, cashbacks, free spins and no-deposit bonuses.

 

How to Choose the Best Litecoin Casino?

All the Litecoin casinos listed on this page have been checked by us and are confirmed to be trustworthy, legal and safe. Nevertheless, if you wish to undertake your own research, then it’s important to know what you need to look out for.

 

  • Check The Casino’s License

Making sure the Litecoin casino of your choice has a license from a reputable jurisdiction is by far one of the most important steps. This is because a good license will mean that the casino follows a specific set of requirements which, ultimately, are there to protect you. When it comes to Litecoin gambling, you are more likely to find brands operating under a license from Curaçao rather than those from the UK, Malta, Gibraltar or Sweden. While this license is indeed easier to get, it’s still a respected and safe one.

 

  • Check The Casino’s Fairness Certification

The best LTC casinos in Europe and elsewhere do more than what is required by the law to protect their players. One such extra step is to get fairness certification by an independent testing board, such as by iTech Labs, GLI, and eCOGRA. These confirm that the casino operates fairly and as it should, meaning that you are not being scammed out of your cryptocurrency.

 

  • Check The Games Providers

A good casino only affiliates itself with reputable and trustworthy games providers. The world’s best games providers do not just create fabulous new games that entice the senses, but also work hard on creating and certifying a random number generator (RNG) that is fair and completely random. This RNG, as well as the RTP of the game in question, cannot be changed by the online casino, so you can rest assured that it’s the same everywhere. Some of the best games providers you can come across are NetEnt, Evolution Gaming, NOVOMATIC Greentube, Blueprint, Micrograming, Endorphina, Playtech, Wazdan, Pragmatic Play, and Red Tiger Games.

 

  • Check The Available Payment Methods

If you’re going to play at an LTC casino, then you will need to make sure that the casino actually accepts the payment method. In some cases, Litecoin may not be mentioned by name, but rather under the umbrella of the CoinsPaid cryptocurrency wallet. Of course, don’t just go for the first casino that does as since Litecoin transactions are anonymous, it is not unheard of for illicit entities to not attribute the amount to the right account.

 

  • Check The Terms & Conditions Of The Bonus

Casino bonuses are there to entice you to join and to make your money go further so that you continue playing. Even so, don’t just take these bonuses at face value as they often come with wagering requirements, as well as other terms and conditions. In our opinion, it’s often better to go for a bonus that promises less but which has better terms and conditions, rather than a larger one which has many requirements. That, though, is a personal preference.

 

Pros and Cons of using LTC Online Casinos

Like all other currencies you can use to gamble with online, Litecoin gambling comes with both advantages and disadvantages. As you will see below, the pros offset the cons, but seeing them all laid out will hopefully help you make a more informed decision about using this cryptocurrency to play your favourite online casino games.

 

The Advantages of Using Litecoin to Gamble

  • Faster Withdrawals: Litecoin is not affiliated with any banks or entities, and transactions made using this method are done through a decentralised network of computers that doesn’t differentiate between working or off days. For that reason, cryptocurrency transactions tend to be faster than those made using traditional payment methods. More importantly, though, Litecoin transactions are four times faster than those of Bitcoin, clocking in at around 2.5 minutes on average (though a more realistic number is 20 minutes as opposed to Bitcoin’s one hour).
  • Better Bonuses: Gambling sites that accept cryptocurrencies have come to realise that such payment methods actually save them a lot of time and money. For that reason, many LTC casinos tend to give out bigger bonuses than when signing up using a FIAT currency.
  • Lower Fees: Fees for LTC transactions are a fraction of the price you’d pay for the majority of traditional payment methods, as well as some other cryptocurrencies including Bitcoin. The difference may be of just a few cents, but it all adds up!
  • Security: By using blockchain technology, which is one of the safest networks in the existence, to make such transfers, you are actually adding an extra, heavy layer of security to those of the casino. This means that your money is even less likely to be stolen.
  • Privacy: All Litecoin transactions are anonymous as they carry a public wallet number rather than your details. This doesn’t mean that authorities can’t know it’s you, but for all intents and purposes, other people certainly won’t.

 

The Disadvantages of Using Litecoin to Gamble

  • Not Accepted at All Casinos: While the number of casinos that accept LTC is on the increase, this still doesn’t form the majority.
  • Licensing: Some cryptocurrency casinos, including LTC gambling sites, are not properly licensed, meaning that by joining them you could be putting yourself and your money at risk. For that reason, it is imperative that you only join a casino that is reputable. We have done the research for you, and have listed numerous legal and licensed LTC casinos above.
  • Loss of Value: Cryptocurrencies can be incredibly volatile, and their worth may fluctuate greatly from one day to another. This may lead some players to worry that what they are depositing may not be worth much for long.
  • Playing Currency: Most sites that accept deposits in LTC do not allow players to play using LTC. This may mean that you will need to use a cryptocurrency wallet through which you can pay in LTC but the casino receives your funds in FIAT, or else for the casino to exchange it itself. Either way, the exchange rate may not always be favourable.

 

Pros and Cons of using Litecoin at a Glance

PROS

  • Withdrawals tend to be faster.
  • Bonuses tend to be larger.
  • Lower fees than most other payment methods.
  • Better security.
  • Anonymous transactions.

CONS

  • Not accepted by all casinos.
  • Increased risk of joining an unlicensed casino.
  • LTC may lose value due to market changes.
  • Casinos may exchange LTC to FIAT money.

 

How to Deposit and Withdraw Using Litecoin

A fun fact about Litecoin is that it is an incredibly easy and fast way to make deposits and withdrawals. Indeed, as you can see in the step-by-step sections below, it takes just as long to set up a transfer as using your credit card or eWallet, but with added security, faster transaction times, and the opportunity for even better bonuses.

 

Depositing Using Litecoin Gambling Casinos

In order to play your favourite casino games at your Litecoin gambling casino of choice, you will obviously need to deposit some funds. Doing so is easy as pie.

  • Step 1: Log in or sign up to an LTC casino. Above we list our top list of such casinos, all of which are confirmed to be legal, trustworthy, and fair.
  • Step 2: Head to the casino’s Cashier or Banking section, click on ‘Deposits’, and choose ‘Litecoin’ as your preferred method of choice. Keep in mind that this may be under ‘Cryptocurrencies’ or even an option mentioned under cryptocurrency wallets (like CoinsPaid).
  • Step 3: The casino will then give you its address, which is known as a public wallet number (PWN). This will be made up of letters and numbers all jumbled up. Make sure you copy this before the next step.
  • Step 4: Go to your cryptocurrency wallet and set up a transfer. Next, paste the PWN, input the amount of Litecoin you’d like to transfer, and confirm your transaction. For those who don’t know what a cryptocurrency wallet is, or which one to choose, we explore all this further down in the article.
  • Step 5: Given you have enough funds in your account, your transfer should be effected in around 20 minutes. Once credited, you can start playing the casino games immediately.

 

Withdrawing Using Litecoin Gambling Casinos

So you’ve been Litecoin gambling and have won – congratulations! It’s now time to withdraw your funds to start using them for other things. Here’s how to do it.

  • Step 1: Go to the Cashier or Banking section of your LTC casino, and click on ‘Withdrawals’.
  • Step 2: Find ‘Litecoin’ on the list, keeping in mind it may be under ‘Cryptocurrencies’ or even cryptocurrency wallets. Click on it.
  • Step 3: Input the amount you’d like to withdraw followed by your public wallet number. Once done, confirm the withdrawal.
  • Step 4: Wait for the funds to come through. With Litecoin, this should take place within a few minutes, but some casinos may actually state that it can take up to 24 hours. Even so, such transactions should take place much faster than those made through other methods.

 

Are There Any Litecoin Fees?

Well, it depends on how you look at it. For the most part, Litecoin gambling casinos do not charge players any fees for depositing or withdrawing funds in LTC rather than in another currency. Indeed, the fees for the casinos are so negligible in this instance, that they’d rather keep their players happy.

Nevertheless, Litecoin itself comes with some fees, which admittedly are quite low. See, as a cryptocurrency whose transfers are conducted over Blockchain technology, there is always a small fee to pay for selling or buying Litecoin to pay those effecting the service. It must be said, though, that is a lot less than that for Bitcoin, as it stands at around $0.0024 per transaction as opposed to $0.68 on average for every Bitcoin transaction.

Moreover, you may also be charged a small fee – usually a percentage of how much you will be transferring – by your cryptocurrency wallet. Oh, and since some online casinos exchange your Litecoin into a FIAT currency when you deposit, you may lose some money due to the exchange rate used.

Having said all this, even with all these numbers combined, you are looking at a fee that is of a couple of pounds/dollars/euro, and shouldn’t be a lot when compared to how much you are transferring. But, as always, do check the terms and conditions of your cryptocurrency wallet AND your LTC casino of choice to make sure you are securing a good deal.

 

Games At Litecoin Casinos

Of course, all of this article is about one thing: playing casino games using Litecoin. So what kind of casino games do Litecoin casinos carry?

The good news is that, between them, they carry all the games you’ve come to expect to find at any online casino. These usually include video slots, as well as table games like roulette, blackjack, video poker, baccarat, and craps. There are usually live dealer casino games, too, and the arsenal can also extend to lotteries, bingo, keno, dice games, and more.

Nevertheless, it is important to point out that a lot of LTC casinos, while they allow deposits and withdrawals in the currency, will exchange it to FIAT money or, at times, even Bitcoin. This is mostly because, at the time of writing, there aren’t many Litecoin specific games.

 

Litecoin Slots

Slots are a popular option with a lot of casino players, which is why so many online casinos carry hundreds or even thousands of titles from a whole host of game developers. As the cryptocurrency is often exchanged to a FIAT one, then the list of Litecoin slots becomes endless, and includes adventure themed, pirate themed, Aztec themed, Ancient Egyptian themed, moustache themed, and during the holidays, even Christmas themed slots.

 

Litecoin Blackjack

The classic card game in which players never have to go over a total cards’ value of 21 is a staple at most casinos. Litecoin blackjack is just as fun and enticing, with many game developers creating games with stunning graphics, immersive sound effects, and fast mechanisms.

 

Litecoin Live Casinos

Playing live roulette, blackjack and poker, as well as live game shows like Monopoly, Deal or No Deal and Crazy Time Live, is a fabulous way of bridging the gap between the online casino and the land-based one. Litecoin live casinos, like their traditional online counterparts, are always overseen by real-life dealers.

 

Litecoin Live Baccarat

Will you bet on the player’s hand or the dealer’s hand? Baccarat is one of those games that is widely known but whose rules are not as well known. Even so, Litecoin live Baccarat continues to grow in popularity and following – and who can blame them? When you make a killing at this game, your fortunes could truly change!

 

Litecoin Gambling Roulette

The roulette wheel is an icon of the casino world, and the game remains a firm favourite at all casinos, be they traditional or cryptocurrency ones. Litecoin gambling roulette works in exactly the same way as the original, but thanks to the advancements in graphics and sound, the game just got a whole lot better.

 

Litecoin Poker

Have you got your best poker face on? Litecoin poker and Litecoin live poker are as exciting as any other form of the game, with the players trying to figure out who has the strongest hand.

 

Our 3 Top Litecoin Casino Sites

Ensuring that the casino you are signing up to is reputable is by far the most important step on your LTC gambling journey. Here we list three casinos that we absolutely love and can guarantee are legal and licensed. For more, simply scroll up to our Top Table.

7Bit Casino

#1
7Bit
100% match up to 1.5BTC
  • 2nd, 3rd & 4th Bitcoin deposit bonuses
  • Dedicated Bitcoin games area
  • VIP Programme available
* more terms & conditions apply

Launched six years ago, 7Bit is a casino run by Dama N.V., a company registered in Curaçao, which is also where the casino’s license is from. On top of stocking 4,000 games and offering 24/7 customer support, 7Bit is also extremely safe thanks to it being powered by SoftSwiss. On top of this, the casino offers players a great welcome bonus, as well as reloads, free spins and cashbacks.

BitStarz Casino

#1
BitStarz
100% match up to 1BTC, Deposit 100€ play with 200€
  • 2nd, 3rd & 4th Bitcoin deposit bonuses
  • Fast, 10-minute withdrawals
  • Multi-award winning
* more terms & conditions apply

Online since 2014, BitStarz was the first multi-currency online casino to give users the chance to play using either FIAT currencies or cryptocurrencies. That has made it a household name and, today, it remains a contender both in the LTC casino category and the online casino category.  The casino itself operates under a license from Curaçao and has some pretty great things going for it. It stocks over 2,000 games by reputable games developers, has 24/7 live chat support, and its average cash-out time is just 10 minutes. On top of that, it has some amazing bonuses.

KatsuBet Casinos

#1
KatsuBet
500€ + 100 free spins welcome package
  • Accepts loads of currencies
  • Over 5,000 games
  • iTechLab certified
* more terms & conditions apply

Although relatively new, KatsuBet is already making waves in the cryptocurrency casino world. Operating through a license issued from Curaçao, the casino stocks over 5,000 games, which include live dealer casino games and BTC slots. Over and above this, the casino has great security features, accepts players from many countries (including Canada), and has 24/7 customer support.

 

How to Get Started in Litecoin

The first step to Litecoin gambling isn’t signing up to an LTC casino, but to get your hands on Litecoin and to store them in a cryptocurrency wallet. But how does all of this work? Below we take an in-depth look at how to acquire Litecoin, how to store it, and how to spend it.

 

How to Acquire Litecoin

There are four main ways in which you can get Litecoin into your portfolio:

  1. You can receive them as payment for an object or service;
  2. You can mine them yourself;
  3. You can get some for free through a Litecoin faucet; or
  4. You can buy them.

Our recommendation is to go for number 3, but let’s look at each individually first.

The first option works in a pretty obvious way: you provide an object or a service, and someone pays you in Litecoin via a cryptocurrency wallet, which we explore further below.

The second option, meanwhile, requires a level of expertise and specific hardware which the vast majority of people do not have. For that reason, we will not go into it, though there are many sites online that can help.

Now, on to the third option. A Litecoin faucet is a website or app that pays you a small amount of Litecoin for completing a task, such as playing a game or completing simple captcha challenges. These faucets – they also exist for Bitcoin – have one main aim, which is to expose users to cryptocurrency. Even so, they do work and while you will not probably become a millionaire overnight, they can be a good way of testing the waters.

As for the fourth option, this is the simplest way to get your hands on Litecoin. To buy them, you can either head to the official Litecoin website, where you can purchase the cryptocurrency just you would an object from an online shopping site, or else head to a cryptocurrency wallet.

To buy Litecoin from such apps, you will need to follow the following steps.

  1. Step 1: Download and open an account with one of the cryptocurrency wallets mentioned below.
  2. Step 2: Add your credit or debit card details to your account.
  3. Step 3: Submit any information or documentation needed to verify your account.
  4. Step 4: Buy Litecoin directly from the cryptocurrency wallet.

 

Best Litecoin Wallets

When buying cryptocurrencies, you will need somewhere to store them, and that’s where cryptocurrency wallets come in. The ones mentioned below are software-based and also give you the chance to easily and securely buy cryptocurrencies using traditional FIAT methods. Nevertheless, if you are not looking to use your cryptocurrencies, then we’d recommend using a hardware cryptocurrency wallet, which you can find out more about through a quick Google search.

 

CoinsPaid

As certainly one of the jewels in the cryptocurrency wallets crown, CoinsPaid is by far one of the best options you could go for. The system allows you to buy Litecoin directly from the app, has an in-built procedure to turn Litecoin into FIAT currency when transferring to certain online casinos, and has competitive rates for the majority of transactions. Last year alone, CoinsPaid processed over $1 billion in crypto through 4,500,000 transactions, and the reason why this happened is thanks to its top-notch double security that ensures your data and transfers remain safe.

We have a dedicated article on CoinsPaid casinos.

 

Coinbase

Whether you’re looking to buy, sell or store your Litecoin or other cryptocurrencies, Coinbase does it all. Well-known and extremely safe, Coinbase has traded over $320 billion from 35,000,000 verified users since it first started offering its services. This cryptocurrency wallet is perfect for anyone looking to start a cryptocurrency portfolio as it actually helps you understand the market and how it works.

 

Edge

Buying, selling and exchanging your cryptocurrencies including Litecoin, can be done in a super easy way thanks to the Edge app. It has an easy-to-use interface and continually updates its software to include more features and cryptocurrencies. The best part is that the app can be accessed directly with your Touch ID, ensuring you’re always in control of your cryptocurrencies and are never locked out.

 

Bitcoin vs Litecoin

At face value, Bitcoin and Litecoin may seem to be more or less the same – two sides of the same coin if you will – but while there are many similarities, some differences are not as crucial as you may think, while others can make them a make-or-break factor.

So let’s start from the similarities: Bitcoin and Litecoin are both decentralised cryptocurrencies that use blockchain technology to record, authenticate and effect transfers. They can both be purchased and mined; and they can both be used to gamble in one way or another.

So far, so good. But what about the differences?

Well, Litecoin was invented to solve two supposedly major issues that Bitcoin has: how much each transaction costs, and how long each transaction takes to be effected. In this case, Litecoin transactions are four times faster and cost a lot less than Bitcoin’s.

But, there is one major flaw in all this. For Litecoin transactions to be faster, they use a new type of algorithm called Scrypt, which is not as secure as the SHA-256 algorithm used by Bitcoin. This doesn’t mean that Litecoin’s algorithm isn’t safe, but it does mean that you are less likely to have problems with Bitcoin.

Moreover, the difference in the fee, while huge ($0.0024 for Litecoin vs $0.68 for Bitcoin), only makes a difference to people either using their cryptocurrencies on a very regular basis or who are transferring small amount of cryptocurrencies. In other words, if you are purchasing or selling thousands of dollars’ worth of Bitcoin, those $0.68 will barely be a blip on the radar.

Bitcoin, of course, is still the number-one cryptocurrency in the world, with an estimated market cap of $128 billion, as opposed to Litecoin’s, which stands at around $3 billion. But there is a set amount of Bitcoin that can ever be mined, while there isn’t such a cap for Litecoin – so what that will mean in the future is yet to be seen.

As for gambling, while Litecoin is certainly on the rise, and it is just as easy to deposit and withdraw in, it is not as good as Bitcoin to play in. At the time of writing, most LTC casinos have to exchange Litecoin to a FIAT currency to allow players to play, while many games developers are creating BTC specific games.

 

Bitcoin Cash vs Litecoin Casinos

For those who are new to Bitcoin Cash, this altcoin was achieved through a hard fork in the Bitcoin software – so far, the only known way to update such software. The reason that this happened was mainly scalability, with the original Bitcoin (BTC) being able to process around 1MB of block data, and Bitcoin Cash (BCH) being able to process 8MB of block data. What this means in layman’s terms is that BTC can process three to seven transactions per second, while BCH can process 61 transactions per second. But why does this matter?

It matters because the popularity of Bitcoin had grown so much that it was taking some users up to four days to have their transactions confirmed by the decentralised network, and the only solution Bitcoin could find was to ask them to pay higher fees to speed up their transactions. These fees could be quite high, and while paying around $20 for a transactions made up of multiple Bitcoins may not seem like much, paying the same amount of a $3 cup of coffee was extortionate.

And, indeed that was Bitcoin Cash’s aim: to give users faster transaction times, with cheaper transaction fees, and more importantly, few if any confirmations. All this made it very fast, and given that the creators of Bitcoin Cash gave users 1BCH for every 1BTC they had, the altcoin quickly climbed to the top five cryptocurrencies in the world.

But how does Bitcoin Cash compare to Litecoin?

Well, they both promote themselves as having faster and cheaper transactions than Bitcoin, and in both cases it is true. Yet Bitcoin Cash is the clear winner because of two other things:

  • BCH has higher a hashrate, which means that its network is more secure; and
  • BCH and LTC have more or less the same transaction fee, but Litecoin’s tends to fluctuate while BCH has always remained stable.

In the end, both cryptocurrencies are good alternatives to Bitcoin, and both of them are continuing to rise in popularity. But with the above laid out, you should be in a better position to make a more informed decision on the matter.

 

Safety and Security at Litecoin Casinos

Litecoin gambling should only ever be done at legal and licensed casinos that are reputable and trustworthy. What we mean by this is that you should still look out for all the security features you’d normally seek in a normal casino, such as a good license, third-party certification, affiliations and responsive customer care. This is important whenever you play casino games for real money online, but it’s even more so when it comes to cryptocurrency casinos, where scammers are more likely to lurk.

When it comes to the cryptocurrency itself, Litecoin is a relatively safe way to withdraw and deposit, with the blockchain technology it uses having some of the best encryption on the web. Nevertheless, the currency uses an algorithm that is not as safe as that of Bitcoin, so that’s certainly something you should keep in mind.

Moreover, it’s also good to look for cryptocurrency casinos that have the Provably Fair software. This is usually used to ensure that neither the players, nor the casino, can cheat at Bitcoin games, making these casinos the safest anywhere. While this doesn’t directly affect your Litecoin gambling, it does prove that the casino is taking extra security steps.

 

A Brief History of Litecoin

First released in October 2011, Litecoin is the brainchild of Charlie Lee, a then-Google employee. The idea behind the new altcoin, which was a fork of Bitcoin, was to offer users faster transaction times and cheaper transaction rates, both of which it achieved from the get-go.

While Litecoin has always been a popular cryptocurrency and in 2014 managed to reach a high of $44, the coin was not worth much between mid-2014 and the start of 2017. Indeed, at one point, one Litecoin was worth the equivalent of $1.24.

But things were set to change, and the new surge in interest in cryptocurrency meant that each altcoin became worth $375 by the close of 2017. Yet, as Litecoin was reaching this market high, its inventor, Lee, ‘sold and donated’ all his Litecoin tokens, making people wonder if it was all going to come crashing down.

Thankfully, it hasn’t and the general public’s interest in the altcoin has never waned. Indeed, while the price of one Litecoin is now around the $200 mark, the cryptocurrency remains a popular digital investment for many people around the globe.

 

The Future of Litecoin

As things stand, Litecoin looks set to continue breaking its own records. Indeed, last year, the cryptocurrency achieved its all-time best low and its all-time best high, and 2021 is already looking better. Nevertheless, the volatility of cryptocurrencies means that we can never really know what will come next!

 

Alternative Payment Methods

Litecoin gambling may not be your cup of tea, and that’s perfectly fine. There are many other types of payment methods you can use to play a variety of casino games. Here are the most popular.

Different Payment Methods
Cryptocurrencies

Litecoin is not the only cryptocurrency available. Other such currencies include Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Monero, Tether, Dash, Ripple, Tron and Zcash.


Debit or Credit Card

The easiest and fastest way to deposit money to any online casino remains your debit or credit card, like your Visa, Mastercard, Maestro, or Visa Electron. On top of being very safe, the money should appear in your account within moments, allowing you to play practically instantly. Withdrawals, however, can take up to a few days to be effected.

eWallets

The vast majority of online casinos also accept one or many types of eWallets, which are virtual accounts that are not connected to any bank account. This, of course, also makes them safer for users and keeps transactions off their bank statement. The following are eWallets you are likely to come across: PayPal, WebMoney, Rapid Transfer, Neteller, Skrill, Interac, and TrustPay.


Direct Bank Transfer

Though very safe, direct bank transfers can be time-consuming to set up and it may take up to five business days for the money to go through. This means that you may not be able to start playing your favourite casino games immediately. Withdrawals made using this method may also take quite a while to be processed, so getting your hands on your winnings will have to wait.

Digital Wallets

Digital wallets are apps that allow you to have all your debit, credit and loyalty cards in one place. You then use the digital wallet to pay safely without ever giving the seller or, in this case, the online casino, your details. Apple Pay and Google Pay are two such services, and they are extremely quick and safe. Nevertheless, do keep in mind that this type of payment method can only be used for deposits and not withdrawals.

eCheck

Electronic checks, known colloquially as eChecks, can be made directly from the Cashier/Banking section of some online casinos. This is an extremely safe way to deposit money as it gives you the chance to reverse the transaction should there be any mishaps. Even so, it may take up to three days for the depositing process to be completed, while some casinos state it can take up to 28 days to have the money in your account omce you withdraw it.

Trustly

Trustly is an electronic payment method that gives you the chance to deposit money into your online casino account practically instantly and directly from your online casino website. It is extremely safe as you have to use your banking details to log in. The process is safeguarded by the company, which is licensed by the Swedish Financial Supervisory Authority, as well as your bank.

Paysafecard

The Paysafecard is a prepaid voucher system you can use when purchasing services online. While this service allows you to deposit money fairly easily, you will not be able to withdraw money through it. This means that you will still have to give your bank or credit/debit card details to the online casino.

 

FAQs

❓ What is Litecoin?

Litecoin is a digital currency that, like Bitcoin, operates from a decentralised system. Indeed, unlike traditional FIAT currencies like EUR, USD and GDP, it is not connected to any country or bank, and does not have any physical coinage or bank notes.

❓ What are the best Litecoin casinos?

The best Litecoin casinos are those online casinos that accept Litecoin deposits and withdrawals, but which also have a license from a good jurisdiction and are affiliated with good game developers.

❓ How long does it take for withdrawals and deposits using Litecoin?

Litecoin transactions should be relatively fast, with the average time clocking in at around 2.5 minutes. Nevertheless, it usually takes 20 to 30 minutes, which is still half the time a Bitcoin transaction takes to be authenticated and effected.

❓ How does the Litecoin mechanism work?

When you effect a Litecoin payment via a cryptocurrency wallet, your unique address and the amount you wish to transfer is sent to a network of computers across the world. Each of those computers then checks that you have enough funds and that those funds are in your name. They then authenticate the transaction. Different merchants require different amounts of authenticators, so this process may be repeated up to 12 times.

❓ How to buy Litecoin?

Buying Litecoin is incredibly easy, and can be done either directly from the official website, or from a number of cryptocurrency wallets. Either way, you will need a cryptocurrency wallet in the shape of an app or hardware to store your cryptocurrency.

❓ How do I set up a Litecoin account?

Setting up a Litecoin account is incredibly easy. Simply pick a cryptocurrency wallet and use your debit or credit card to buy Litecoin. Some cryptocurrencies demand verification, but even that is usually quick and painless.

❓ Are there extra fees for using Litecoin?

The majority of LTC casinos do not charge players any fees for depositing or withdrawing funds using Litecoin. Nevertheless, there are some low fees to be paid to your cryptocurrency wallet. Moreover, some Litecoin casinos actually exchange your LTC to FIAT, meaning that you may lose some of your money due to the exchange rate.

How much is 1 Litecoin?

At the time of writing, 1 Litecoin is equivalent to $178.16; €146.57; and £126.16. The value of Litecoin is constantly changing, sometimes even multiple times a day, so always check the latest figures.

❓ What is Litecoin used for?

In essence, Litecoin is a currency just like any other, so most people use it to buy products or services. Having said that, since Litecoin is a cryptocurrency, and since cryptocurrencies have seen such a boom over the past few years, many people are also using Litecoin as an investment. As always, be aware that the market may not always favour you and that you may lose vast sums of money if you are not careful.

❓ Can I still get my casino bonus when using Litecoin?

Yes, most Litecoin casinos give their players the usual bonuses you can find online casinos, including sign-up bonuses, cashbacks, free spins, and no deposit bonuses. It’s good to keep in mind, however, that most LTC casinos hand out bonuses in FIAT money or in BTC.

❓ Do all UK casinos accept Litecoin?

No. The majority of online casinos in the UK and elsewhere do not yet accept most cryptocurrencies. Nevertheless, players from Europe and beyond have many options to choose from, particularly if they are using a VPN.

❓ Are Litecoin casinos legal?

It depends. The ones mentioned on this site have all been vetted and are confirmed to be legal and licensed, but there are some casinos out there which aren’t. As always, check the license of the casino and read the reviews we and others have uploaded to make sure that you are joining a reputable casino.

Iggy Fenech

Iggy Fenech

Iggy Fenech is a well-known contributor to many local magazines. His career as a casino content writer spans a number of years and includes writing blog posts for the Malta iGaming Seminar 2014, content for the Malta Gaming Authority’s website, and SEO-enabled text for casino websites.

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