Litecoin gambling sites are springing up all over the place as people become more familiar with cryptocurrency and how it operates. Check out some of the most popular gambling sites which accept Litecoin.
As you can see from the table above, there are lots of different sites to choose from. By the time you’ve finished reading this piece, you’ll understand Litecoin and be able to differentiate between a legitimate Litecoin gambling site and a scam site that’s out to steal your money.
Choosing a Legitimate Litecoin Gambling Site
If you want to gamble with Litecoin, you’re going to have plenty of options. Every day a new Litecoin bookmaker or casino opens online. It’s important that you can tell the difference between a legitimate and a rogue Litecoin gambling site. We’ve summarized how to do so here.
Play on Established Sites – Treat Litecoin gambling the same way you would treat gambling with your hard earned USD or EUR. Would you sign up with an unknown bookmaker and provide them with your credit card details? Try to use an established site whenever you can. If you’re looking for a trustworthy site, refer to the table above.
Read Testimonies and Reviews – No matter where you find yourself on the internet, you can be sure somebody has been there before you. We would never recommend playing at a site without reading numerous reviews on it first. You’ll get in-depth analysis from experts who know what they’re talking about.
Consider Sites with Provably Fair Technology. These sites can’t cheat you, and you can verify game outcomes have been fair on the spot. If a Litecoin gambling site uses provably fair tech, there’s a good chance it’s legit.
What are the Advantages of Using Litecoin Gambling Sites?
Privacy – Gambling with Litecoin ensures your privacy. For example, if you’re hoping to apply for a mortgage or a bank loan in the future, deposits to gambling sites will be taken against you. You simply won’t have that problem with Litecoin. All you need to do is transfer the Litecoin directly from your private wallet to the Litecoin friendly gambling site, and that’s it, you’re ready to play.
Security – You won’t have to provide any sensitive information such as your credit card or bank details when gambling with Litecoin. As we mentioned above, it’s a case of transferring funds from wallet to wallet. The same, unfortunately, cannot be said for fiat bookmakers.
Transaction Speed – Say goodbye to waiting 2-3 business days for your winnings to appear in your account. The speed of Litecoin transactions is almost instant. There may be a small delay depending on the number of transactions taking place on the network. However, you can be assured your funds will be with you the same day you withdraw them.
Small Fees – There are virtually no fees associated with Litecoin gambling. There may be a tiny fee included when moving Litecoin from your wallet to the Litecoin casino, but we guarantee you it will be so small you probably won’t even notice it. We’re talking pennies.
Exclusive Bonuses & Promotions – Some online bookmakers and casinos offer exclusive bonuses if you use Litecoin to gamble. This may be things like a deposit or welcome bonus. Please refer to the table at the top of this page for the best Litecoin gambling sites.
What are the Disadvantages of Using Litecoin Gambling Sites?
We wouldn’t be doing our job properly if we told you gambling with Litecoin is completely flawless. There are some disadvantages of using the cryptocurrency for gambling which you need to be aware of.
No Customer Support – If something goes wrong, there is nobody from Litecoin to call or start a live chat with. This is a decentralized network, meaning nobody owns it. For example, if you send your Litecoin to the wrong wallet address, the chances are that it’s gone forever.
Rogue Bookmakers & Casinos – Everywhere we go in life there are rogue ‘businessmen’ trying to make a quick buck from unsuspecting consumers. This industry is no different, and sadly scam artists are everywhere in the crypto industry. This is one of the reasons you should read our Litecoin gambling site reviews.
High Wagering Requirements – Always read the small print before you deposit funds to a bookmaker or casino. Many Litecoin casinos offer huge welcome bonuses on first deposits. What they don’t tell you is you’ve to play through your deposit 100x before you can make a withdrawal.
Volatile Market – This can be viewed as a positive or a negative depending on what sort of day the crypto world is having. The truth is your Litecoin can be worth $50 one minute and $40 a day later. That’s just the nature of the beast. Equally, it could be worth $50 one minute and $60 an hour later in the midst of a bull run.
Different Types of Litecoin Gambling
Gambling with Litecoin is almost the same as gambling with fiat in terms of what’s on offer. There are lots of different gambling services to choose from, and you can be sure there will be something to suit your individual needs. Let us run through some of the things on offer.
Litecoin Casinos
There are lots of games to choose from including all of the favorites such as roulette, baccarat, video slots, blackjack, and Litecoin dice.
The top Litecoin casinos offer provably fair gaming which makes it impossible for them to cheat. You’ll be able to alter some of the numbers fed into the game algorithm, and you’ll be able to verify outcome fairness there and then.
Litecoin Sportsbooks
You can, of course, bet on all of your favorite sporting events using Litecoin. You’ll have a wide variety of sports to choose from including soccer, NFL, hockey, horse racing and many more.
Litecoin Poker
You can play many variations of poker using Litecoin including everybody’s favorite – Texas Hold’em. Again, refer to the table at the top of this page to ensure you choose a provably fair site.
Litecoin Lotto
You can try and land a huge jackpot by playing Litecoin lotto. Prizes are paid out for matching only two numbers. However, the biggest prizes are reserved for players who manage to land five or six numbers.
Litecoin Gambling Sites – FAQs
Q. What is Litecoin?
Litecoin is a cryptocurrency founded by Charlie Lee in 2011. Charlie originally had the vision that Litecoin would be the silver to Bitcoin’s gold.
Q. Can I gamble with Litecoin if I’m in the USA?
Yes. There are lots of online bookmakers and casinos which accept players from the USA. Check out the table at the top of this page for US-friendly Litecoin gambling sites.
Q. Is it legal to gamble with Litecoin?
There are no laws in place stating that it’s illegal to gamble with Litecoin. Our advice to you is this, if gambling is legal in your jurisdiction, then it’s likely fine to gamble with Litecoin.
If gambling is illegal in your country, then you’ll probably find it more difficult to find a site that’s willing to accept you.
Q. Can I gamble with other cryptocurrencies?
You can absolutely gamble with other cryptocurrencies. Many casinos accept Bitcoin, Ethereum, Litecoin, and Dash. Check out our guide to betting with Bitcoin.
Q. Is it safe to store my Litecoin on exchanges?
Yes, if you only have a small amount of Litecoin then storing it on exchanges is what most people do. If you’re holding larger amounts, you might want to look into getting an offline hardware wallet. We’ve all heard the horror stories of exchanges getting hacked in the past. Mt Gox springs to mind! If you don’t know what that is, Google it, and you’ll see the virtues of an offline wallet clearly.
