Cryptocurrencies are taking the online gaming industry by storm in the past few years. And no, we don’t mean Bitcoin only when talking about digital currencies. While it is the oldest and most popular virtual currency, Bitcoin is not the only one you can use to play casino games online. As a matter of fact, there are more and more cryptocurrencies accepted by online casinos, and Litecoin (LTC) is one of them.
Being launched only two years after Bitcoin, Litecoin had been the second most popular currency until recently when it was overthrown by Ethereum. It is also known as “digital silver” as it is mostly represented as a silver coin featuring the letter L as opposed to Bitcoin, represented as a golden coin with the stylized capital B. Another difference between Litecoin and Bitcoin is in their value, with Litecoin being worth $47.45 in October 2020. In contrast, Bitcoin’s price was $10,710 at the same time.
If you are new to Litecoin, you should also know that transactions made in it are cheaper and faster than those carries out in Bitcoin. Stay with us to learn all you should know about this popular digital currency and how to use it to make online casino deposits and withdrawals.
The number of online casinos accepting Litecoin has been increasing steadily. Once you join them, you will be able to fund your casino account and clear your winnings from it in this cryptocurrency. Some of the Litecoin-friendly gaming venues approved by CasinoBloke include Bitstarz, King Billy, Playamo and 7Bit. Here is a complete list of online casinos where you can use Litecoin for payments and cashouts.
Min deposit $20. 50x wagering for deposit bonus. Max bet with active bonus $5. Max winnings resulting from the use of free spins $50. Bonus not available to BTC, BCH, DOGE, LTC players. Free spins added after a successful deposit and 1x wagering is met. Free spins winnings subject to 50x wagering.
Maximum winnings that will be paid out resulting from a free bonus or free spins without deposit will be 100 EUR or currency equivalent. In regards to BTC players, the maximum winnings that will be paid out resulting from a free bonus or free spins without deposit will be 15 mBTC. Any winnings exceeding this amount will be forfeited. Wagering Requirements for Free and Registration bonuses are forty (40) times the Bonus sum awarded to you, unless stated otherwise in the supplemental Terms and Conditions. General bonus terms and conditions apply.
Min deposit €10. Max bet €5. Wagering: 30x. Bonus valid for 30 days unless otherwise stated. Free Spins will be given in the following way: 20 Free Spins will be credited to the player’s account every day, for a period of 10 days. The first set of Free Spins will be added to the player’s account after the player has fulfilled the wagering requirements: 1x wager of deposit's amount in 23 hours.
The minimum deposit requirement to qualify for any part of welcome bonus is €20, its equivalent in other currency or 0.0042 BTC. Welcome package consists of: 100% bonus up to €100/1,5 BTC and 200 free spins on your 1st deposit; 50% bonus up to €100/1,25 BTC on your 2nd deposit; 50% bonus up to €200/1,25 BTC on your 3rd deposit; 100% bonus up to €100/1 BTC on your 4th deposit. All bonuses (unless otherwise specified) need to be wagered 40 times before the funds can be withdrawn. Time to wager - 14 days.
Welcome Bonuses are only valid for new players. Only one account is allowed per player. Players who open multiple accounts or display bonus abuse behaviour will risk having their accounts closed and funds forfeited. Each bonus must be wagered 25x prior to requesting a withdrawal. General Terms and Conditions also apply.
The Promotion consists of one (1) 100% match bonuses up to $1000 followed by two (2) 100% match bonuses up to $1000. The Casino Welcome Bonus must be claimed upon first deposit in order to unlock the subsequent Casino Welcome bonuses. Only activity following the bonus code redemption counts towards fulfilling the rollover requirements. The deposit plus bonus amount is subject to a 25X playthrough requirement before the deposit, bonus amount and any winnings can be withdrawn. Forfeiting this bonus will result in this bonus and any subsequent winnings associated with this bonus to be removed. Bonus funds cannot be used for play on Live Dealer games. Craps and Live Dealer play do not count toward meeting rollover requirements for withdrawal. All games, except Craps and Live Dealer, contribute towards playthrough requirements; however, certain games may have a greater contribution than others. For more information please view our wagering contribution chart.
Free spins may not be available in all countries and are automatically credited to players residing in eligible countries upon registration. Registration Free Spins and/or bonuses have a maximum cash-out of $100.00. To receive Free Spins & Match Bonus deposit offers, players must deposit a minimum of $25.00 and select "with bonus" during the funding process. Bonus Terms & website Terms & Conditions apply.
If you have not made a deposit at VipSlots, once the wagering requirement is completed, a deposit must be made to register a payment method with your account before you can withdraw any winnings. Your deposit will be refunded along with your winnings.
The minimum deposit amount to qualify for the 125% Bonus is USD 20. Currency in the Casino / Casino "chip transfer" is USD. The maximum bonus amount is USD 1,000. Wagering: 30x deposit + bonus. Terms and Conditions apply.
"Welcome" bonuses are issued and only made available to newly first time, signed-up customers. At the discretion of the Company, customer service may issue ‘welcome’ bonuses to customers through promotional offers exclusively made available via the Company’s site.
$0.05 per transaction
82 / 100
Rates, Fees & Cost – Setup cost and transaction fees
Security – Level of safety and security measures
Availability – Number of serviced countries
Reputation – Overall feedback among players and consumers
Customer Support – Quality of assistance and speed of response
Being a peer-to-peer cryptocurrency, Litecoin is based on an open-source cryptographic protocol. Just like Bitcoin, it has no authority behind it. Litecoin was released in 2011 by Charlie Lee, a Google employee, who was also a former Engineering Director at Coinbase. While it was created as a fork of Bitcoin blockchain, Litecoin differs from the most popular cryptocurrency in many aspects.
The first thing that makes LTC different from BTC is the fact that the Litecoin Network process a block every 2.5 minutes. On the other hand, the Bitcoin Network does the same within 10 minutes, which means that Litecoin transactions are confirmed four times faster. Besides, while the maximum amount of Bitcoins is limited to 21 million, the limit of LTC is 84 million.
While it is not an easy task to mine BTC, you can get free Litecoins through so-called faucets. All you need to do to earn a little amount of litoshi (which is the same as satoshi for BTC) is to stay on a particular website for some time or play Litecoin games like painting a jumping frog. You can purchase Litecoin as well if you wish so.
Just like Bitcoin, Litecoin enables you to make online casino transactions anonymously. That’s why it is the perfect fit for players from countries where online gambling has not been regulated. To make transactions in Litecoin, you will need a crypto wallet. Once you download and install it on your desktop or mobile device, set up your wallet and find an online casino supporting this cryptocurrency.
To top up your casino account, choose Litecoin as a preferred banking method and enter the amount you want to deposit. You will get the casino wallet address you need to enter to transfer the money. It will be added to your casino account almost instantly. The same applies to withdrawals, with the only difference being that you need to enter your wallet address so that the funds will be transferred to it.
Yes, you will be able to cash out your winnings from your casino account in Litecoin. Just as we have said before, you will need a wallet to complete your transactions, safely and quickly. Whether you make a deposit or clear your winnings, the only detail you need to reveal to the operator is your wallet address, which makes Litecoin a highly safe online casino banking option.
When using Litecoin to fund your account or clear winnings from it, you won’t be charged fees by the casino itself. However, bear in mind that all Litecoin transactions incur fees. The good news is that they are lower than ones you need to pay on Bitcoin transactions. It is not easy to tell how much you will be charged per transaction as these fees depend on multiple factors. Make sure to find a Litecoin transaction fee estimator that will show you how much you need to pay.
Payments through Litecoin are almost instant since it takes 2.5 minutes for the Litecoin Network to confirm your transaction, which is four times less than with Bitcoin. As for withdrawals, they may take longer due to a pending period that can be up to 48 hours.
Each Litecoin-friendly online casino provides you with professional assistance, so don’t hesitate to get in touch with customer support and get all the information on deposits and withdrawals. Although Litecoin is a decentralized currency, you can learn more about it on the Litecoin Foundation website as well as on litecoin.org.
Litecoin is available globally and allows you to make online casino transactions without revealing your identity or sensitive data. Besides, it is a faster and cheaper option than its predecessor Bitcoin. Litecoin is less volatile than Bitcoin as well, and you can lay your hands on it for free by playing simple games.
However, there are still more websites that support only Bitcoin, so if you want to use Litecoin for your online casino transactions consider choosing one of the reputable gambling sites featured on this page.
Yes, you can use Litecoin to make online casino transactions.
Litecoin transactions are totally safe and grant you privacy.
Today, you can choose from a range of cryptocurrencies to use for online casino transactions. The most popular alternative to Litecoin is definitely Bitcoin, but some operators also support altcoins such as Ethereum, Dogecoin, Bitcoin Cash and more.
The maximum deposit amount varies from one casino to another. Some operators do not limit the amount you can send to your casino account at all. In most cases, you will be able to deposit up to 1,000 LTC.
It takes up to 2.5 minutes for a Litecoin transaction to be confirmed, so transfers made via this cryptocurrency are super-fast or instant.
Online casinos do not charge fees on Litecoin transaction, yet you will be charged a fee by the Litecoin Network. These fees are much lower than those set by providers of payment services where fiat currencies are used or those that Bitcoin transactions incur.