Cryptocurrencies have established themselves as a popular alternative to traditional currencies. This applies not only to online trading, but also to online casinos. There are a large number of casinos that specialize in digital currencies. The cryptocurrency that this guide will be about is Litecoin. Compared to the top dog Bitcoin, Litecoin is less well known, but offers great potential for casino players. In the following we offer you all the important information about Litecoin so that you can check whether a Litecoin casino suits your needs.
The amounts listed are given in Bitcoin for better comparability, but can be claimed in Litecoin in the same amount.
What exactly is Litecoin?
Before going into the advantages of a Litecoin casino, it should first be shown what Litecoin is all about. Similar to Bitcoin, Litecoin is an open-source cryptocurrency. In principle, any private person can download the necessary software and generate Litecoin with the computing power of their home computer. This process is called mining.
However, since the algorithms for mining require a lot of computing power and time, these private individuals usually join together to form so-called mining pools. They combine the Litecoin they generate and divide it among themselves.
The Litecoins obtained in this way can be used to pay online or trade on exchanges. Of course, this cryptocurrency is also ideal for being used in an online casino.
The History of Litecoin
Litecoin (LTC) was developed by Charlie Lee and first released in October 2011. It is designed to offer users cheaper transaction rates and faster transaction times. By 2014, Litecoin has risen to become a popular cryptocurrency, managing to reach highs of $44. By the end of 2017, LTC price had skyrocketed to $375 thanks to increased interest in crypto.
Although Litecoin had peaked in the market, the inventor Lee donated and sold all his Litecoin tokens. Despite this new development, public interest in the altcoin has not diminished and Litecoin remains one of the most popular digital investments for many people around the world.
Litecoin in online casinos – How does it work?
Litecoin casinos are online casinos that accept LTC as a form of payment. Litecoin transactions are accepted through the use of blockchain technology. This secures your transactions and makes it harder for hackers to steal your virtual money. Before joining an LTC casino you need to register an account, provide your personal information and deposit funds to start playing.
The best ways to get Litecoin
The mining method shown above is the original variant used by private individuals to create Litecoin. However, this requires that the right equipment is obtained so that mining can be carried out efficiently. Furthermore, mining takes a certain amount of time and entails high power consumption.
So if you don't plan to generate Litecoin permanently, but just need seed capital to play at the Litecoin casino of your choice, it makes sense to buy the cryptocurrency on the market instead. Since Litecoin does not have such a high market capitalization like other cryptocurrencies, it is quite cheap to buy the currency. In addition, the market value of Litecoin is steadily growing on average, which is why the cryptocurrency can be a good investment opportunity.
You can also get Litecoin in the following ways:
- Buy Litecoin tokens on the official Litecoin website or a recognized crypto exchange and transfer them to your wallet.
- You can receive Litecoin tokens as payment for an item or service.
- Litecoin faucets (e.g. available at TrustDice) are a popular way to get Litecoin for free. Sometimes this involves small tasks.
Once you've bought Litecoins, you need to store them somewhere. With a Litecoin wallet, you can keep your cryptocurrency safe until you need it to play at the casino.
Step-by-Step Guide: Playing in a Litecoin Casino
Are you ready to try your luck at a Litecoin Casino? Follow these simple instructions and you'll be up and running in minutes. Registration is based on our test winner TrustDice.
1. Create a Litecoin wallet
Before you can play in a Litecoin casino, you need an associated wallet in which you can store your digital coins. The easiest way to do this is to register with a crypto exchange.
2. Buy Litecoin
Once the wallet is set up, you can buy the first Litecoins using any of the methods mentioned above.
3. Registration with TrustDice
We recommend TrustDice as a reliable partner for the best Litecoin Casino experience.
To do this, visit the TrustDice website first. We recommend using this link to get a Secure an exclusive no deposit bonus of up to $25. From the login mask you will be forwarded correctly via the button "Create account".
Enter your username, email address and password. After agreeing to the terms and conditions, you can already create your account.
You should receive an email shortly after that will allow you to verify your account.
4. Make deposit
Choose the amount you want to deposit. TrustDice will show you a wallet address to which you can send the desired amount. Your transfer is instant and will appear on the casino account in just a few minutes.
Before making the first deposit, activate the welcome bonus (left). After making your deposit, you will have the amount in your player account in just a few minutes.
5. Start playing
Once you have set up your online casino account, you can enjoy your favorite games.
In addition, you can grab your first gifts via “Rewards” and enter the exclusive code “FS202203280937” in your profile under “Bonuses”. This brings you 10 free spins for “Fire Lightning”.
LTC Casino: Vorteile
If you choose a Litecoin Casino, there are some special advantages waiting for you that are not available in conventional online casinos.
These advantages stem from the properties of cryptocurrency itself, which favor online transactions in general and also have a positive impact on the online casino experience.
1. Litecoin allows a high degree of anonymity
The first major advantage is the anonymity that players can enjoy in an online casino thanks to Litecoin. This property is due to the fact that it is not necessary to provide personal information in order to receive Litecoin.
The people in the mining pools act anonymously and no personal data has to be given for a corresponding wallet. This quality carries over directly to the Litecoin Casino. For the registration, usually only a user name and a password need to be entered and you can start playing.
This property of Litecoin is particularly advantageous in the context of gambling. Many people regard online casinos as a private matter. It is very practical that with Litecoin it is impossible for sensitive data to fall into the hands of third parties.
2. Litecoin offers high speed for transactions
Since Litecoin works purely digitally, real-time transactions are guaranteed. This is particularly advantageous for playing in an online casino and makes numerous situations easier. For example, when you have found a suitable Litecoin Casino for you, it is normal that you want to start playing immediately.
If you make your deposit with Litecoin, you can enjoy your favorite games instantly, while a transfer can take up to several days, which can be frustrating.
The same applies to withdrawals. If it is important to you that you have your winnings at hand quickly, Litecoin guarantees a quick payout.
3. Better bonus offers
Online gambling sites that accept cryptocurrencies save a lot of time and money with this payment method. Therefore, Litecoin casinos give their users bigger bonuses when using cryptocurrencies than when depositing and withdrawing with fiat currencies.
4. Low transaction fees
Compared to most conventional payment methods, your fees for Litecoin transactions are lower. If you choose a Litecoin Casino, the transaction fees are even lower compared to other cryptocurrencies like Bitcoin. The difference is only a few cents, which can save you some money.
For example, if you deposit money with a credit card, the card company charges a 3% transaction fee, which you ultimately have to pay. With Litecoin, on the other hand, the transaction fees are usually only a few cents per transfer.
5. Investment potential
Another benefit of using a Litecoin casino is that LTC has investment potential. This is due to the soaring price of Litecoin, which has skyrocketed by more than 200% in 2020 and is expected to continue to rise. So when you play at an LTC casino, you increase the value of your casino account as the value of Litecoin continues to rise in retrospect. Therefore, your payouts will also increase to reflect these changes in value.
Blockchain technology is one of the safest networks out there. So when you use Litecoin at an online casino, you add an extra layer of security. With this high level of security, your money is protected and less likely to be stolen.
Litecoin Casino: Disadvantages
While Litecoin is generally great for online gambling, it also has some downsides.
What was described as an advantage in the previous chapter can also be interpreted as a disadvantage. In general, cryptocurrencies are incredibly volatile; therefore the value of the coin may fluctuate from day to day. In addition, Litecoin is more volatile than other cryptocurrencies such as Bitcoin and Ethereum. Because of this, your deposit from the previous day can suddenly be worth a lot less. Of course, this can work in the other direction as well.
2. Acceptance not guaranteed everywhere
Although the number of online casinos accepting LTC is increasing, they are not the majority. Litecoin is not accepted in many casinos when compared to other cryptocurrencies like Bitcoin.
Additionally, some sites that accept deposits in LTC may not allow players to play with Litecoin. In this case you pay in Litecoin while the casino receives your money in fiat currency. This is not ideal as the exchange rate will be unfavorable and you could lose money.
3. Licensing Issues
Before you play at an online casino, you should check that the casino has a legitimate license. Some cryptocurrency casinos, which include LTC gambling sites, do not have proper licenses. So if you invest your digital coins in such platforms, you may be putting your money at risk.
To be on the safe side, read our Reviews and find out about the pros and cons of each casino.
How do you choose the best Litecoin Casino?
Before you can start playing at a Litecoin casino, you need to know how to choose the best option for your needs and budget. This is important to avoid falling victim to scammers or dubious casinos. Here are the most important factors to consider when choosing an LTC casino.
|Security & Licensing||When choosing a Litecoin casino, make sure your choice is licensed by a reputable jurisdiction. A casino that abides by the regulations has valid credentials; therefore your cryptocurrency is safe on the casino account. For Litecoin gambling, most are licensed in Curacao.|
|Litecoin Compatibility||Make sure you choose an online casino that accepts Litecoin and has cheap payment methods. In addition, you can also check whether other cryptocurrencies such as Bitcoin are accepted. This will ensure you choose the right casino for you.|
|Game options||Choose a Litecoin casino that offers a wide variety of quality games like Litecoin Blackjack and Litecoin Roulette, as well as hundreds of fast-paced slots. Most casinos have Litecoin slots and table games. Depending on your preferences, you will also find some specialty games and online poker in these casinos.|
|Customer support||You can test the legitimacy of an LTC casino by evaluating the responsiveness of the customer service team. This allows you to determine if they are responding based on messages across different channels such as email, phone and live chat. An ideal casino should have 24/7 customer support to ensure they can resolve deposit and withdrawal issues quickly.|
|Litecoin Bonuses and Promotions||Litecoin casinos offer bonuses just like traditional casinos; therefore, users are entitled to a deposit bonus, free spins and much more. . Before deciding on a casino, you should compare the bonuses and promotions on offer to determine if they are worth the investment.|
|Minimum Deposits and Withdrawals||Another important factor to consider when choosing a Litecoin casino is deposits. You should take a close look at the minimum deposit to determine if the casino is right for you. If the deposit is too large, it might be difficult to start with a small amount of cryptocurrency. Also, withdrawals should be fast and seamless. You should make sure how long it takes until you have your payout in your Litecoin wallet.|
|User interface||The usability of an online casino is important for most users. When choosing a Litecoin casino, you should go for a casino that is easy to use and navigate and has fast speeds and mobile optimization.|
|Loyalty program||Some Litecoin casinos have loyalty programs for players who keep coming back. If you are a loyal member, you will receive rewards such as cashback on deposits, exclusive promotions and loss insurance for certain casino games. You should take this into account when looking for an online casino.|
|Software provider||A good casino works with trustworthy and reputable game providers. These providers are important because they ensure fair and random odds on every spin and create enticing games that players love.|
When it comes to online gambling, some of the most common game providers are Evolution Gaming, Pragmatic Play, Blueprint, Greentube, Playtech and Red Tiger Games. If you choose a Litecoin casino, you can make sure that it uses one of these providers.
|Proven fair||It is advisable to use cryptocurrency casinos that have provably fair software. This is important because it ensures that the online casino and players do not cheat. Most provably fair Litecoin casinos use decentralized platforms and blockchain technology. Therefore you can freely check the odds and results for all casino games; the information is displayed transparently.|
What games can be played in a Litecoin casino?
Basically, all popular casino games are also available in a Litecoin casino. Cryptocurrencies have long been established in the casino industry, so there are many providers that offer large parts of their game portfolio for Litecoin.
However, there are restrictions depending on the provider. Online casinos that also accept many other currencies may only make some of their games available for Litecoin. Then, when the game you like the most cannot be played with cryptocurrency, a disappointing situation arises.
For this reason, you should make sure that the provider offers your favorite Litecoin games in their portfolio before signing up. Alternatively, you can also sign up specifically at a specialized Litecoin casino, as you can be sure that these providers accept Litecoin for their entire game selection.
The game types you will find in Litecoin casinos include:
|Slots||These are the most popular LTC games at Litecoin Casinos. While you can bet with LTC, casinos also allow you to convert your digital coins to fiat or cryptocurrencies within the game.|
|Poker||You can play poker at a number of LTC casinos.|
|Blackjack||If you prefer table games, you can play blackjack at Litecoin casinos.|
|Roulette||You can play traditional roulette, light roulette, double ball games and even soccer roulette.|
Most Litecoin casinos process their payments quite quickly. But how do they deal with withdrawals and deposits in detail? Here's the breakdown.
Deposits with Litecoin are easy to do. Just follow these simple steps:
- Sign up at an LTC casino.
- Click “deposit” in the cashier or bank area and then select Litecoin as the deposit method.
- The online casino now provides you with a wallet address to complete the deposit process.
- Set up a transfer from your Litecoin wallet and add the amount you want to transfer to the online casino.
- As soon as you receive the credit, you can start playing.
After hitting the jackpot in a Litecoin casino, you naturally want to make a withdrawal. This works like this:
- Select “withdraw” at LTC Casino.
- Select Litecoin as desired currency.
- Enter the amount you would like to withdraw.
- The withdrawal process can take from a few minutes to 24 hours. This varies from casino to casino.
Keep in mind that in order to withdraw crypto from an online casino, first-time players may need to identify themselves "Know Your Customer" (KYC) is known and can take between 1 and 3 days. To simplify the withdrawal process, make sure you enter the correct location in your profile to avoid country restrictions issues.
Are there any fees when depositing and withdrawing with Litecoin?
One of the advantages of using Litecoin in online casino games is that the fees are quite low. As with other cryptocurrencies whose transfers are processed via blockchain technology, Litecoin also incurs network fees that vary depending on network utilization.
Caution: In addition, your wallet provider may charge you a percentage depending on how much you transfer. Online casinos also charge you a fee when converting Litecoin to fiat currency.
However, compared to traditional payment methods that are paid with dollars, pounds or euros, the fees for Litecoin transactions are quite low. However, it is advisable to check the Litecoin Casinos Terms and Conditions and your Litecoin wallet to confirm the exact fees.
Is there a Litecoin bonus in online casinos?
Another positive aspect of Litecoin casinos is that players can enjoy the same bonus offer that is offered in traditional online casinos. These offers make it easier for new players in particular to get started, as they offer additional start-up capital and room for manoeuvre.
One of the most popular types of bonuses is the deposit bonus. Depending on the amount of your deposit, you will receive a percentage surcharge.
The rate is often 100%. So if you deposit 10 Litecoin, you have a total of 20 Litecoin at your disposal. This bonus is an effective jump-start and is suitable for players who want to make both small and large deposits.
Free spins at Litecoin casino
Free spins are often offered in addition to a deposit bonus. These allow you to try out what the casino has to offer to find out which games work best for you before playing for real stakes.
Free spins ensure that new players in particular have a good Litecoin Casino experience.
There are of course numerous other advantages, which are shown in detail in our article on different types of bonus.
Litecoin compared to other cryptocurrencies
Before you start gambling online at Litecoin casinos, you should know that there are other cryptocurrency options. While some sites only accept Bitcoin, other online casinos accept digital coins like Ethereum and Bitcoin Cash on. So how does Litecoin compare to other cryptocurrencies in online gambling?
Here you will find an overview of common currencies. Below are two examples.
|Litecoin (LTC)||Bitcoin (BTC)||Bitcoin Cash (BCH)||Ethereum (ETH)||NEO (NEO)|
|Current circulation quantity||>71 Millionen||>19 Millionen||>19 Millionen||>122 Millionen||>70 Millionen|
|Maximum circulation||84 million||21 million||21 million||No upper limit||100 million|
|Current mining/release rate||25 per block||12.5 per block||12.5 per block||3 per block||Up to 15 million per year|
|Transactions per second (maximum)||56||7||60||20||1000|
|Block validation time (approx.)||2 minutes 30 seconds||10 minutes||10 minutes||15 seconds||15 seconds|
Litecoin vs Bitcoin
Litecoin and Bitcoin are decentralized cryptocurrencies that use blockchain technology to process transfers. You can buy them, mine them and use them for online gambling.
Most online casinos treat cryptocurrencies the same; therefore, no matter if you use Litecoin or Bitcoin, you pay no deposit and withdrawal fees. However, you will be charged a transaction fee from the cryptocurrency for both digital coins.
The difference between the two is that Litecoin has lower transaction fees and transactions are much faster than Bitcoin.
Litecoin transactions are faster because they use a novel algorithm called Scrypt. However, this algorithm is not as secure as the SHA-256 algorithm used by Bitcoin.
And while Litecoin casinos are on the rise, Bitcoin casinos are still in the majority. Most game developers create Bitcoin specific games; therefore, some online casinos only have offers specific to bitcoin.
Even if the bonus offers on our site and the casino sites are usually only listed in Bitcoin, they apply to Litecoin and other currencies to the same extent. Since the amounts can vary slightly, read the respective terms and conditions of the provider.
Litecoin vs Bitcoin Cash
Bitcoin Cash was introduced to provide users with faster transactions and cheaper prices. Hence, it is more similar to Litecoin. However, they differ in some respects because Bitcoin Cash has a more secure network than Litecoin. Although transaction fees are similar, Litecoin tends to be more volatile, while Bitcoin Cash is more stable.
Security in Litecoin Casinos
Before playing at a Litecoin casino, make sure online betting is legal in your country or state. If your country has restrictions, it might be difficult to withdraw winnings from Litecoin casinos. Therefore, it is important that you do your due diligence.
Important: Find out in advance whether the respective casino is licensed in your country. We generally advise against using a VPN, as problems could arise at the latest with the payout.
In addition, you should only register with safe and reputable Litecoin casinos. There are more and more cases of fraud; therefore, you need to protect yourself to avoid your money and personal information getting to scammers.
When visiting a Litecoin casino for the first time, check whether it is licensed, offers demonstrably fair games and whether it has SSL encryption. Our Reviews and information are constantly checked and are therefore mostly up to date. But do your own research to be on the safe side so as not to risk your money.
You should also read the Terms and Conditions carefully before investing in Litecoin. All Litecoin casinos have a set of terms and conditions that govern their services and products such as payments, bonuses and promotions. If this is your first time playing, you should read these terms and conditions to understand how the online casino works.
Conclusion: Litecoin casinos are an attractive alternative
Overall, a Litecoin casino offers numerous advantages that make it an exciting option for casino fans. The required anonymity and the high speed of the cryptocurrency enable a comfort that guarantees a pleasant casino experience.
Nevertheless, you should pay attention to which casino you choose to play with Litecoin. The Litecoin Casino, for example, should offer an extensive range of bonuses and games.
The best Litecoin casinos
As you can see, playing in Litecoin casinos is a worthwhile hobby. This is especially true if you follow our tips when choosing your Litecoin casino. Thanks to these, you can easily choose the Litecoin casino that best suits your needs.
Despite everything, the search for the best possible Litecoin casino can take a lot of time, which is solely due to the large selection of attractive providers. The fact that the market is constantly growing doesn't make things any easier either.
For this reason, we will guide you a little further and offer you our selection of the 5 best Litecoin casinos. If you use this list as a guide in your search, you will save yourself a lot of time and can start playing faster.
TrustDice: An all-round strong Litecoin Casino
The most important advantages of the test winner:
- No Deposit Cash Bonuses
- Free spins with bonus code
- First sports bet free
TrustDice has been at the top of our list of top casinos for a while now and is our top pick in this category as well. You can test the provider risk-free with different no-deposit bonus offers before you actually make your first payment. This circumstance is extremely fair and offers every player the opportunity to form their own opinion.
In addition to Litecoin, TrustDice Casino also offers numerous other cryptocurrencies. The slot, card and betting offer is also impressive. Still not convinced? Try it yourself and soon you too will be part of the TrustDice Satoshi Club!
1xBit: Big welcome bonus offers a strong start
The main advantages:
- Lucrative bonus offer
- Extensive and high-quality range of games
The second entry of our selection belongs to the provider 1xBit. Especially the welcome bonus of this Litecoin casino makes it well suited for new players. A total of up to 7 Bitcoin or the equivalent in another cryptocurrency such as Litecoin can be obtained.
Accordingly, it is possible to obtain a large total amount of Litecoin. However, the bonus is not credited all at once - instead it is spread over the first four deposits. For this reason, it is worthwhile to choose 1xBit in the long term.
The strong welcome bonus can also be put to best use at 1xBit. The provider has an extensive game portfolio that includes a large selection of slots and all classic table games. The high quality of the games is also ensured by preferably using software from well-known developers such as Evolution Gaming.
BitStarz: Beginner-friendly offering for new players
The main advantages:
- 20 freespins
- Lucrative bonus offer provides long-term motivation
The next Litecoin casino in our selection is the provider BitStarz. This provider also offers new players an attractive welcome bonus. This time, up to four bitcoins or the equivalent in another cryptocurrency can be obtained.
Again, the total amount is split between the first four deposits. A special advantage, however, is that you can get a bonus of 20 free spins without deposit at BitStarz - to unlock these free spins, you just have to register at the casino. The 20 free spins can be used to try out the Litecoin games on offer – with a bit of luck and skill, you might even start winning.
Crypto Wild: Free spins ensure a dynamic game start
The main advantages:
- Bonus of up to 200 Litecoin
- 150 Freespins
The third entry on our list goes to the provider Crypto Wild, which, as the name suggests, also knows how to handle Litecoin. This is already visible with a look at the welcome bonus - which is aimed in particular at Litecoin users.
Für die erste Einzahlung winkt ein Aufschlag von ganzen 150 %, mit dem bis zu 50 Litecoin extra erhalten werden können. Das wertet das Startkapital für Einsteiger deutlich auf. Doch auch für Langzeitmotivation ist bei Crypto Wild gesorgt – so gilt auch für die darauffolgenden Einzahlungen ein Bonus von 50 %, der jeweils bis zu 50 Litecoin einbringen kann.
This strong offer is complemented by 150 free spins, which are awarded after the first deposit and open up further possibilities for you to play.
All of this is designed so that players can experience an uncomplicated and quick start in this Litecoin Casino. This principle is also continued thanks to other properties. For example, Litecoin transactions can be processed in real time.
In addition, there are no fees for deposits and withdrawals. In this way, hidden costs are avoided. Crypto Wild therefore attaches great importance to making players feel at home in the casino - and it succeeds!
7 Bit Casino: A varied selection of games ensures long-term motivation
The main advantages:
- 100 freespins for the first deposit
- High quality game portfolio
The 7 Bit Casino is also a recommendable Litecoin Casino. Here, too, the first reason is the sophisticated bonus system. The welcome bonus at 7 Bit Casino conforms to the rule that it is split between the first four deposits.
In total, you can get a bonus of 8 Litecoins from this provider. This amount isn't too big, but it can be just right for players who prefer to play with low risk and smaller amounts anyway. Furthermore, it is worth mentioning that the first deposit will also be credited with 100 free spins, giving you even more opportunities to explore this Litecoin casino.
The second feature that represents a big plus point of Bit Casino is the game portfolio. All in all, players can look forward to numerous themed slots and a successful selection of table games. Accordingly, it is ensured that every type of player gets their money's worth.
A big advantage is also that the game selection comes from many different developers, which gives additional variety to the game pool. Many games come from top-class developers such as NetEnt, Microgaming and Evolution Gaming.
PlayAmo: A convincing all-round package
The main advantages:
- Game portfolio of top-class developers
- No transaction fees for Litecoin
Last but not Least möchten wir Dir noch das Litecoin Casino PlayAmo vorstellen. Auch PlayAmo kann eine vielversprechende Riege an Entwicklern vorweisen, die Deinen Spielalltag bereichern können. Beispielsweise findest Du auch im Portfolio dieses Litecoin Casino Titel der beliebten Provider NetEnt und Microgaming.
Among other things, you can enjoy the Egypt slot “Book of Dead” and go in search of the great treasures of the pharaohs. Even friends of traditional table games will feel comfortable at PlayAmo. For example, there is a whole section dedicated exclusively to blackjack. So you can choose between a large selection of different variants of this popular card game. The same applies to the well-equipped live casino.
The quality of the game selection alone ensures that players will quickly feel comfortable in this Litecoin Casino. However, this effect is further enhanced by other properties. For example, transactions with Litecoin take place in real time.
So if you want to play a round spontaneously, you don't have to wait until your deposit has been processed. In addition, there are no fees for deposits or withdrawals, which means that you don't have to worry about these common hidden costs.