Many have heard of Bitcoin and cryptocurrency online casinos, but a Litecoin casino is equally popular. BTC is the world's first cryptocurrency that resides on the blockchain, and it got here earlier than the rest. Bitcoin gave rise to other crypto payment options known as altcoins.
One such digital currency that has attracted the attention of casino sites for deposits and withdrawals is Litecoin. LTC casinos are growing in popularity among gamblers every day while racing to become top online gambling destinations. It's time to inspect what makes these LTC crypto casinos so unique.
What are Litecoin Casinos?
Litecoin casinos are gambling sites (similar to Bitcoin casinos) where providers accept LTC as a payment method. Litecoin is, of course, not the sole wagering option. Hence, many of the best Litecoin casinos are hybrid and accept fiat currencies, Dogecoin, Ethereum, Tether, Bitcoin Cash, etc.
In other words, we consider a platform a Litecoin casino if you can play casino games with LTC. Suppose the site supports Litecoin deposits and payouts. In that case, our experts are happy to tag it as an LTC platform in their casino reviews.
Litecoin is, in fact, one of the oldest alternative cryptocurrencies, created by Charlie Lee in 2011. The asset was nicknamed “the silver to Bitcoin's gold” in notable crypto circles. For this reason, Charlie and his team saw Litecoin as an improvement and advanced version of Bitcoin.
The coin has, by all means, succeeded in holding a high market position and remained a top 20 digital currency. It's listed on many cryptocurrency exchanges, and you can buy Litecoin with credit cards and other traditional banking options.
Because of a similar codebase to Bitcoin, Litecoin was often the network where developers tested new features. If the integration worked seamlessly, programmers later used the same technology in Bitcoin.
The similarities between the two assets are one reason Litecoin gambling sites exploded in popularity following Bitcoin ones. After all, little work was needed to create Litecoin casinos if you already had Bitcoin casinos. Consequently, you can now use Litecoin to pay for goods and services worldwide.
The idea behind Litecoin was to create a faster cryptocurrency with lower transaction fees. It worked, and LTC mining is easier and quicker than mining Bitcoin. Investors don't need to invest in expensive hardware. Further, you can acquire new coins by using the computational power of your PC's graphics card.
How Does Litecoin Work?
Firstly, the network uses a public and verifiable ledger to record all Litecoin transactions. The system is open-source and decentralized, with servers located worldwide. Litecoin only exists as a digital medium. That is, there are no physical coins.
Secondly, the following happens if you want to transfer a Litecoin transaction from crypto wallet A to B. Your Litecoin wallet broadcasts the transaction to the network, where a miner has to pick it up. After that, the miner includes and records the information on the blockchain and transfers your coins.
As can be seen, miners are essential as they secure the protocol and make transactions possible. Moreover, cryptocurrencies like Bitcoin or Litecoin are only possible thanks to a web of crypto miners.
When you make a Litecoin transaction, it takes 2.5 minutes on average to reach its destination. Its bigger brother Bitcoin requires 10 minutes, for example. The network fees are minimal and far below 1 cent. The Litecoin ecosystem is fully functional without central entities and works through interconnected computers.
Before opening a casino account to check what Litecoin casinos offer, we should tell you about the coin's benefits.
Litecoin is one of the most secure cryptocurrencies on the market. In contrast to some beliefs, there is plenty of computing power securing the Litecoin blockchain. This blockchain is decentralized and can, thus, not be hacked or altered.
Litecoin is faster and cheaper than Bitcoin. Litecoin transactions are four times faster than when transferring Bitcoin. The system usually confirms them in 2-3 minutes. If you are depositing in an online casino Litecoin to play crypto games, your funds will arrive faster.
Litecoin transactions are irreversible. Once miners have verified and confirmed a transaction, no one can reverse or cancel it. It's important to realize that no central authority can revert what they don't like.
Litecoin is less costly to move than traditional payment methods. You save lots of money if you deposit Litecoin into a sportsbook or online casino. The transaction fees cost bits of a cent.
The Litecoin network is less congested compared to some other cryptocurrencies. Litecoin's ecosystem, when balanced against direct competitors, can handle more transactions per second.
Numerous online casinos in NZ accept Litecoin. However, not all that glitter is gold. To land at the best Litecoin casino, consider the following factors.
License and regulations
A few renowned gambling authorities oversee casino operations. So, check if the site has a UK gambling, MGA, or Kahnawake Gaming Commission license.
Safety and Security
Secondly, check if the site uses security tools to protect players' data. A good example is SSL technology.
Trustworthy and reputation
Read reviews about the site to determine if it has a good reputation.
Variety of games
The more, the merrier. A good Litecoin casino should have a rich library of top-notch game developers.
User experience (app)
If the mobile casino is great, then give it a go. You should be able to play on the go via their apps.
Bonuses and promotions
The best Litecoin casinos reward you with bonuses for simply topping up using this cryptocurrency.
Loyalty program (VIP program)
You deserve VIP treats for being part of the casino’s community.
Look for a casino that offers fast, reliable customer support.
What are the Best Litecoin Casinos in 2023?
Playing at Litecoin casinos requires finding the best LTC betting platform that, after all, suits your style. Our casino reviews show fast, secure options and licensed sites that fit NZ players. Be that as it may, here is what you should look for in a Litecoin casino.
How to Single Out the Best Litecoin Casinos From the Rest
There is a considerable selection of online casino Litecoin sites coupled with different features and offers. To make it easier, we have written a checklist of what to look for in a top online casino. Following it step by step will make the selection process more clear to you.
Play casino games and participate in sports betting only on licensed Litecoin casinos. Moreover, you can trust licensed operators as reputable market regulators secure them against fraud. In a word, a licensed online casino must respect the law and follow regulatory frameworks. Those guidelines protect players from wrongdoings.
Pay attention to the game providers and selection of games available. Shortly, the best Litecoin casinos have partnered with top software providers in the gaming niche. The aim is to offer players only the most reputable games. Live dealer games, slot games, table games, progressive jackpots, craps, video poker, esports, e.g. A good Litecoin casino should list brands such as Evolution Gaming, NetEnt, Microgaming, Playtech, etc.
Do your wagering on provably fair games. Casinos that host provably fair games record results straightaway on the blockchain. That allows all players to verify if the outcomes are fair independently. You can generally find provably fair games on many Curacao-licensed Litecoin casinos.
Quality online casinos have professional customer support assistance. Meanwhile, ask a support agent if you need help understanding the wagering requirements, withdrawal limits, or casino bonuses. The best platforms offer 24/7 assistance via live chat, email, and phone.
– 300 free spins- Support for crypto and fiat currencies
– No wagering requirements- Weekly sports and casino tournaments
– 250 free spins- Amazing jackpot games
– Excellent choice of game providers- Cashback bonuses
– 24/7 customer support- 4000+ casino games
How to Find the Right LTC Casino for You
On the positive side, we have reviewed hundreds of Litecoin casino operations to find the best ones for you. We rate LTC casinos from 1 to 10 and list only those that pass our extensive testing techniques.
Safety and security of funds are, undoubtedly, the most critical elements. You want to sleep confidently, knowing that your money is safe and in the hands of a reliable operator. During our investigation, we examine the global track record of the websites to see how they handle themselves.
We give high ratings on the condition that the Litecoin Casino has a history of huge payouts. We would never suggest that you play on a site whose bankroll doesn't show regular deposits and withdrawals.
The game selection becomes, sooner or later, a vital talking point. Your online casino of choice must have the casino games you enjoy playing. For example, if you prefer card games, enter the blackjack and baccarat lobbies and see what is available. Litecoin live dealer casinos feature games with real croupiers and game hosts.
Check the casino bonuses to ensure you get the most out of your casino games Litecoin experience. We have done it for you on our table, where you can find valuable data. There are welcome bonuses, to begin with, but also free spins, first deposit offers, VIP info, and cashback information.
On this occasion, you must know what kind of online casino games you can find on LTC platforms. Our recommended sites for NZ players contain everything you wish. In brief, this is what you can find playing at Litecoin casinos:
Type of Online Casino GameExamples of Casino GamesSlot games3D slots, Classic slots, Progressive Jackpots, Slots with bonus offers, Megaways, VR slotsLive Casino gamesLive Roulette, Live Baccarat, Live Blackjack, Poker, and Live game showsTable GamesBlackjack, Baccarat, Roulette, Keno, Sic bo, Craps, PokerSportsbookPre and live sports betting, eSports, Virtual sports
Online slots are surely the casino games that most players are attracted to. Thousands of them exist, they don't have complicated rules, and you can spin the reels around the clock, i.e.
Additionally, slot games have different themes, like
Live dealer games certainly have their fans on Litecoin casinos. Real croupiers host the game sessions, giving out a vibe like you are in a land-based casino.
By comparison, table games are like video games that rely on a Random Number Generator to deliver results. Organizations like eCOGRA or GLI independently verify the fairness of slot machines.
Lastly, online casino Litecoin brands have sportsbooks where gamblers can do sports betting. In-play or pre-match bets are generally the most common ones.
What are the Benefits of Litecoin Gambling Sites?
Casino games Litecoin sites differ from classic online casinos because they accept LTC. That payment method favours players in various ways and gives them certain advantages. If you want, you can also experience the complete freedom that Litecoin presents.
Litecoin transaction fees are exceptionally low. When you transfer Litecoin from your LTC wallet, you won't even notice the network fees you paid. That's because they are so low. Fiat withdrawals can cost you a few percent due to mediator fees or intermediary banks. But the best Litecoin casinos send your winnings for free.
Gambling with Litecoin earns you more in casino bonuses. LTC casinos give players bigger bonuses if they deposit Litecoin and not fiat. To illustrate, we have noticed deposit bonuses up to several BTC. However, the equivalent real-money fiat bonus is only a few hundred CAD.
The Litecoin network doesn't sleep or has off days. For example, banks and traditional finance institutions have working hours and business days. Deposits and withdrawals can take several days to confirm. Litecoin's interconnected web of computers, though, is always online.
Litecoin casinos give you anonymity. Litecoin uses a public blockchain, but this data record stores no names. No one can see you are playing at Litecoin casinos.
Hackers can't steal your funds unless they have your keys. Sensitive blockchain information isn't stored on a central server. You hold your keys, and no one can take them unless you permit them.
Are There Cons to Online Casino Litecoin Gambling?
Surprisingly, there are some, and it's our job to inform you about them. In our opinion, none of them is too unbearable to worry about.
In short, consider the following list of disadvantages of a Litecoin casino:
Litecoin is volatile
Offshore, unlicensed, and unregulated online casinos will gladly accept LTC.
Litecoin is not an accepted payment option in all online casinos.
Given that LTC and all cryptocurrencies are volatile, the overall value of your wallet can sharply increase or decrease. Sketchy crypto casinos occasionally appear and trick players into trusting them with their money. Despite its long-standing presence, some online casinos still don't support Litecoin. Some convert Litecoin deposits and make players play with fiat.
To sum up, here are the pros and cons of Litecoin gambling:
If you want to trigger bigger wins and have more pleasure from your gameplay, then read our tips and recommendations.
Test the games you play in demo mode. Demo mode or free play is a strategy we have always used until now. You gain experience and learn how the games work without using real money. Practice in demo mode whenever you can.
Know the RTP of the games you play. RTP is the return percentage you get from online casino games. In any case, it's always better to make bets on games with a lower house edge.
Show focus when gambling. Wagering is simple, and anyone can do it. Still, professional gamblers take online gambling seriously, and they bet with discipline in mind. You should also manage time and money properly for the best results.
Consider becoming a VIP. Not surprisingly, VIPs get beneficial treatment in Litecoin casinos. Playing with more money will get bigger bonuses, more cashback, and even holiday trips.
Be happy with the amounts you have won. Million-dollar wins certainly sound superb, but it's ok to settle for less. Don't risk your winnings chasing even bigger ones.
Finally, read the terms and conditions and familiarise yourself with the wagering requirements. Each LTC casino game or bonus comes with specific rules and conditions. Don't be hasty to start playing until you have learnt the rules.
Security and Fairness of Litecoin Casinos
All websites that handle sensitive and financial information are unquestionably targets for hackers and scammers. Credit card and identity fraud are demanding battles to fight for law enforcement.
On the positive side, playing at Litecoin casinos protects you against everyday online threats. Your identity isn't known, and the casino and its partners don't store your financial data. Not to mention that the knowledge of a Litecoin wallet address can't identify a person on the blockchain.
The Litecoin Casino encrypts all communication between your device and the website with SSL encryption. You can, without a doubt, recognize if the connection is secure if there is a padlock in your browser's address bar. In addition to the padlock logo, secured webpages display the ‘https‘ prefix.
The mentioned encryption technology ensures that your passwords are unrecognized when you enter them during sign-in.
Regulators and standalone security companies investigate online LTC casino games for fairness. In any case, two systems guarantee fair outcomes and results: Random Number Generators (RNGs) and Provably Fair Games.
The RNG, for example, ensures that each result is arbitrary and that no one can manipulate it. Unlike RNGs, each individual can verify the results of provably fair games. The casino publicly posts this information for each round.
Why Should I use Litecoin on Crypto Casinos Over Other Cryptocurrencies?
To demonstrate, over 20.000 digital currency assets exist on the crypto market. Litecoin is one of them. It's a convenient coin for gambling in general and Litecoin live dealer casinos in particular.
LTC is one of the oldest cryptocurrencies because it's been around since 2011. It has a spotless reputation, which makes players trust it for their gambling needs. Bitcoin has the most significant online casino adoption rate due to its head start.
Still, BTC and LTC are similar. Their main differences are in the transaction costs and transfer speeds. A Litecoin transaction is confirmed in 2.5 minutes, while the Bitcoin network needs 10 minutes. The average mining fee for BTC is $0.50-$0.60, but for LTC, it's between $0.002 and $0.003.
How to Start Gambling With Litecoin?
Before depositing and starting to play, you must purchase LTC if you don't already hold some. There are many exchanges where you can acquire Litecoin, and the best ones include,
When the LTC is safely tucked away in your crypto wallet, it's time to begin.
Log in or register at the Litecoin Casino you want to use.
The next step can differ depending on the site. Click on “Payments,” “Cashier,” or “Deposit” based on what you see on-screen.
Find and select Litecoin or, e.g. LTC among the payment options.
Copy your receiving address.
Paste the copied address into your Litecoin wallet and enter the amount you want to deposit.
Lastly, send the coins; if you did everything correctly, your account balance should change in a few minutes. Some online casino Litecoin platforms have instant deposits and will credit your account within seconds.
Once the LTC site confirms the transaction, you can start wagering from your casino account.
How to Request Withdrawals From Litecoin Casinos
Withdrawing from a Litecoin casino is similar to depositing your LTC. Even more, if your recorded decent wins, it's time to follow our guide to get a payout.
Click on your LTC casino's “payments” or “withdrawal ” button to begin.
A list of banking methods will emerge where you should find and select Litecoin or LTC.
The website will then ask for your withdrawal address. Open your Litecoin wallet and copy an address that belongs to you.
Later, paste the address in the corresponding field and enter the correct sum you want to withdraw.
Regardless of the amounts, always double-check the destination address to verify it's correct.
When ready, click the confirm button to request the withdrawal. The casino will verify that all information is correct and send your winnings afterwards.
Litecoin vs Bitcoin Cash: Differences and Similarities
Litecoin was not the first attempt by computer scientists to create a better and stronger cryptocurrency. One such project is called Bitcoin Cash. This Bitcoin alternative, due to its features, reminds many of Litecoin.
What is Bitcoin Cash?
Bitcoin Cash was born from a split in the Bitcoin community in 2017, resulting in a network hard fork. In brief, this is when one blockchain project separates into two if the community can't agree on future developments.
Moreover, Bitcoin took one path, while Bitcoin Cash went in a different direction. BCH developers had other ideas on how the network could be faster and more cost-effective. They wanted a speed increase, so the new coin could better resemble digital cash.
The result was a blockchain with bigger blocks that could fit more transactions than the original Bitcoin. BCH's fee rates also dropped compared to BTC, making Bitcoin Cash a better fit for smaller transactions.
Still, the BCH ecosystem inherited many features from the granddaddy of crypto. It uses nodes and a network of miners for transaction validation and has a supply limit of 21 million coins.
In essence, a Bitcoin Cash block has space for up to 25.000 new transactions. Bitcoin blocks rarely have more than 2.500 transactions a piece. The time the miners need to generate a new block is 10 minutes on average for both cryptocurrencies.
Since the community split, some cryptocurrency fans have considered BCH a digital version of cash. At the same time, BTC is crypto's most effective store of value.
Bitcoin Cash vs Litecoin: Pros and Cons
Both LTC and BCH attempt to solve Bitcoin's limitations similarly. You enjoy faster transactions while spending less money on transaction fees. Nevertheless, each digital asset has its pros and cons worth mentioning.
– Faster transactions- Lower network fees
– Less computational power securing the network- Transaction fees depend on blockchain congestion
Bitcoin Cash (BCH)
– More computational power- Higher network security- Stable transaction fees
– Slower block times- Higher mining fees
What Advantages Does Bitcoin Cash Have Over Litecoin?
Because of the pros and cons, most crypto users want a secure network with fast and cheap transactions. With this in mind, Bitcoin Cash has certain advantages over Litecoin.
A larger community of servers secures the network and validates transactions. The more hash rate (computational power) the users direct towards the network, the more secure it is.
Bitcoin Cash's blocks are bigger; thus, they can take more transactions.
BCH mining fees don't fluctuate and are generally relatively stable.
What Disadvantages Does Bitcoin Cash Have Over Litecoin?
Notwithstanding the benefits of BCH, it's also essential to consider its drawbacks.
Bitcoin Cash kept Bitcoin's initial block time of 10 minutes, meaning that's the average minimum to get a transaction confirmation.
Secondly, BCH users spend more money on mining fees than LTC holders.
Crypto fans sometimes dispute Bitcoin Cash's origins and beginnings because they are a hard fork from Bitcoin. Consumers link its existence to a rift and disagreement in the community instead of a natural development.
Alternatives to Bitcoin Cash and Litecoin Casino Gambling
If you aren't the biggest fan of playing at Litecoin casinos, that's ok. NZ have many other options, both with fiat currencies and cryptocurrencies.
LTC is a popular gambling coin, but you can also play on Bitcoin casinos. Other options include Ethereum, Tether, Monero, Dogecoin, Cardano, Ripple, Dash, etc.
E-wallets have gained enormous popularity due to their simplicity of use and global adoption rates. Online casino users in NZ can use platforms such as Neteller, MuchBetter, Skrill, WebMoney, Interac, Rapid Transfer, etc.
Depositing from debit and credit cards is widely supported on online gambling sites. VISA and MasterCard, for example, are fast and cheap for money transfers.
We aren't big fans of direct bank deposits because they take several business days to settle. Still, that option exists, and you can use it if you want to. eChecks can be equally slow but come with a transaction reversal feature if you make a mistake.
You can utilize several prepaid cards in NZ for deposits on online casino Litecoin websites. These include Paysafecard, Revolut, Neosurf, or AstroPay, e.g.
The Future of Litecoin Casinos
The trend is clear: LTC gambling is getting increasingly more popular yearly. The transparent nature of Litecoin's blockchain technology is an irresistible feature. It allows online casinos to create fair games where no one can question their fairness.
Percentage-wise, gaming with Litecoin and other cryptos shows no signs of stopping at this point. There are signs that LTC could become one of the most popular online banking methods. That is due to the anonymity factor, the security of LTC casinos, and the simplicity of use.
One central area of interest could be eSports Litecoin Casinos. Gamblers wager billions of dollars on virtual games as they combine video gaming with online gambling. Younger players are inspired by professional eSports athletes worldwide. Some of the famous Litecoin eSports titles include League of Legends, Counter-Strike, Dota 2, and FIFA, i.e.
Another tech gaining popularity is Interactive Slots (I-Slots). These games, for instance, allow players to progress through the game like it was a traditional video game.
Unique bonus features make you use your skills to affect the outcome of the round. They are, therefore, different from your average RNG-based games since your gaming experience influences the final payouts. The more you advance, the better your LTC casino bonuses are.
Lars Wahlström is a recognized leader in the iGaming industry, with over 20 years of experience from both the tech side and an operator. He's now CEO and Publisher at ARGO Gaming Group, the company behind Casinoclaw.
Games and gambling has been an interest of Lars' since early years and besides slots and casino, he's also into poker, sports betting and trotting.
All this experience is drawn upon when he writes, and we dare say he's one of the best casino writers out there. Lars' base is the ARGO HQ and Stockholm office, but he travels a lot and often participates in industry trade shows and panels. To get in contact with Lars, use our contact page or message him directly on LinkedIn or Twitter.