What is Litecoin?
Litecoin, or LTC, is a popular cryptocurrency – meaning that it exists only digitally and has no physical currency like banknotes or coins. While it’s incredibly similar to Bitcoin (BTC), it’s faster and cheaper. Moreover, it was made to solve BTC users’ problems, like processing times and transaction fees.
The average transaction time is 2.5 minutes and a low fee of $0.0024 per transfer. Unlike traditional payment methods, it’s not tied to banks, countries, entities, or corporations. A network of verified user computers vets your transfers in real time to cut down on slow transactions.
Charlie Lee founded Litecoin in 2011 to offer faster payment times and cheaper fees. However, the former Google employee sold and donated his coins, which led to speculation that LTC would crash. Luckily, it hasn’t, and it’s now worth around $50.
Using Litecoin at Casino Sites
So, how do you use Litecoin at online casinos in the United States? We’ve broken it down into steps for deposits and withdrawals below:
Litecoin Online Casino Deposits
- Pick a secure Litecoin Wallet to hold your crypto like Loafwallet, Electrum, or Coinomi and set a secure password.
- Buy Litecoin at a supported cryptocurrency exchange like Coinbase.com, Bitstamp.net, or Kraken.com with credit cards, bank transfers, or ACH.
- Sign up at a crypto casino you like (such as BetOnline or Wild Coins) and fill in the registration form.
- Activate and verify your account before heading to the cashier to start depositing.
- Then, transfer LTC to your casino balance and use the right bonus code for extra funds.
- Start playing for real money within 2.5 minutes flat!
Litecoin Withdrawals Online
- Meet all wagering requirements and other promotional terms before heading to the cashier.
- Select withdrawal on the cashier page and pick your LTC wallet.
- Transfer the amount within the casino limits to your LTC wallet.
- Your money will transfer within 48 hours, though it’s usually faster than two.
Why Use Litecoin: Pros and Cons
Like other casino payment methods, Litecoin has many pros and cons. Luckily, we’ve compiled a list of the best Litecoin casinos to gamble safely.
| Benefits | Drawbacks |
| Quicker transactions than Bitcoin/Bitcoin Cash | It still takes three minutes to withdraw |
| More affordable than other cryptos | The fees can stack up if used regularly |
| No banks or credit unions involved | No physical currency means less stable value |
| Private, safe, and secure for you | Unsecured wallets are easy targets for hackers |
Popular US Casino Banking Options and Guides
- American Express
- Bitcoin
- Budgeting
- Credit Cards
- Cryptocurrency Casinos
- Debit Cards
- Making Withdrawals
- Neteller
- Visa and MasterCard
- Wire Transfers
- Tether