Litecoin Gambling Deposit Methods – 2024 LTC Gambling Guide
You already know that the best online gambling deposit methods are cryptocurrencies. Everybody knows that. But while all cryptos work the same way for online betting, not all cryptos are equally valuable. Depending on your needs, Litecoin gambling deposits might be much better than Bitcoin gambling deposits or other crypto betting options.
Why? Because Litecoin (ticker symbol LTC) is particularly inexpensive and fast crypto, making it a great banking option for online gambling when time is of the essence. All major online gambling sites accept Litecoin in 2024, and there are new Litecoin casinos, sportsbooks, and poker rooms popping up all the time. If you want to play at the best venues and make the best use of your funds, our brief guide to Litecoin gambling should be…illuminating.
The Light Side Of LTC Gambling
The Dark Side Of LTC Gambling
Overall Ranking For BTC
Best Online Litecoin Gambling Sites For December, 2024
One of the biggest reasons to choose LTC as your go-to crypto for online betting is that every reputable site supports Litecoin. Litecoin may only be a top-25 crypto coin at the exchanges, but it’s part of the Big Four when it comes to online gambling (the others being Bitcoin, Bitcoin Cash, and Ethereum).
In other words, if you’re going to use LTC to bet online, you won’t have to worry about whether or not the site you want to join accepts the stuff – They all do!
That said, you’ll still want to be sure you pick a reputable and trustworthy site like those featured here. Remember, there are plenty of online casino scams, fake sportsbooks, and shady poker rooms out there that will take – and keep! – your LTC. But as long as you choose a site we recommend, you won’t have to worry about any of that.
- All
- Casino
- Poker
- Sports
Bovada Sportsbook 4.7
Bovada Casino 4.6
MyBookie Sportsbook 4.5
Cafe Casino 4.5
Bovada Poker 4.4
Slots LV Casino 4.4
BetOnline Sportsbook 4.2
Best Online Litecoin Casinos For 2024
Most top online casinos accept Litecoin deposits and disburse Litecoin payouts. And in many cases, LTC is probably your best option. Of the four major coins accepted everywhere, it’s the fastest and cheapest to use, which means you can dedicate more of your bankroll to online slots, blackjack games, roulette games, etc.
Every reputable site caters to crypto gamblers, and while Bitcoin casino deposits and payouts remain the gold standard, Litecoin is a pretty lit coin in its own regard. LTC casino deposits are especially useful for gamblers who need to top up their accounts in a hurry or risk missing out on the next big online slots tournament or online poker tournament.
The casino brands you see listed here not only support Litecoin deposits and withdrawals, but each carries a strong reputation for fast, efficient, and reliable payouts and delivers a high-quality online casino gambling experience.
Bovada Casino 4.6
Cafe Casino 4.5
Slots LV Casino 4.4
Best Online Litecoin Sportsbooks For 2024
Of all the different kinds of online gambling, sports betting is the most time sensitive. Even with the advent of live in-game betting, most of the juiciest lines and best payout opportunities close before the game itself gets underway.
If you’ve got to get money into your legal betting account in time for tonight’s game and can’t risk a declined Visa deposit or Mastercard transfer, LTC is the best option at the most online sportsbooks. Sure, a few sites support even faster coins (i.e. Cardano, Solana, etc.), but many don’t. Litecoin, however, is supported by 100% of the reputable online sports betting sites featured here.
While most online sportsbooks accept Litecoin, we can personally vouch for the sports betting sites you see listed here. These are the sites we use to place our own bets, and each of them enjoys a solid reputation among bettors and industry professionals.
Bovada Sportsbook 4.7
MyBookie Sportsbook 4.5
BetOnline Sportsbook 4.2
Best Online Litecoin Poker Sites For 2024
Depending on the kind of online poker you play, you may or may not be in a particularly big hurry to hit the felts. All the top online poker sites have cash tables, Zone Poker games, and sit-n-go poker events available around the clock, so there’s never any rush. You can play at your leisure.
However, if you want to participate in bigger online poker tournaments, these adhere to strict schedules and table times. Miss the start, and you’re out of luck. But you can only join if you ante up, which means rapid deposits – and reliable deposits – are your ace in the hole. Litecoin poker deposits are a great hand to play at all the best online poker tables.
You won't find the option to play poker or participate in poker tournaments using Litecoin at any of the local poker rooms in the US. The poker sites we recommend do support LTC account funding and offer the convenience of 24/7 online access.
Bovada Poker 4.4
How To Make Litecoin Betting Deposits
If you’ve ever sent cryptocurrency to an external wallet address, you’ll know how to send Litecoin payments to your online gambling site. All crypto transactions work the same way, no matter where you’re sending the coins in question.
Here are the basic instructions for using the Litecoin deposit method at your betting site of choice:
- Follow any link here to sign up at a legit online casino, sportsbook, or poker site that accepts Litecoin.
- Click or tap on the “Join” or “Sign Up” button and enter in all required personal information to create your free online betting account.
- Choose the Litecoin deposit method from the cryptocurrency deposits menu.
- Copy down your site’s Litecoin sending address. You may also choose an optional crypto gambling bonus at this time (recommended).
- Open your private LTC wallet or LTC exchange account and choose the “Send” option.
- Paste the above LTC address into the recipient field, enter the LTC amount you wish to deposit, and submit the transfer.
Litecoin is one of the fastest cryptocurrencies on the market, so you should have your betting account credited in full within just 3-5 minutes.
How To Claim Litecoin Betting Payouts
With gambling, placing your bets is just half of the equation. The other half is collecting your payouts. The third half is collecting those payouts quickly and reliably.
Luckily, with Litecoin – as with all crypto coins – the process is simple and straightforward:
- Navigate to your site’s cashier page and choose the Litecoin option from the crypto payouts menu.
- Open your private Litecoin wallet or Litecoin exchange account, choose the “Receive” option, and copy down your unique Litecoin receiving address.
- Back at your betting site, paste the above Litecoin address into the appropriate field, along with the amount of LTC you wish to withdraw.
- Submit your Litecoin withdrawal request.
Litecoin withdrawals are usually approved automatically, and you’ll get your LTC coins sent to your crypto wallet within 3-5 minutes.
For especially large payouts, your site cashier may need to manually approve the request. If so, it may take up to 1-2 hours to receive your money. Still, LTC is one of the fastest crypto same-day payout options.
Litecoin Gambling Features And Pro Tips
Litecoin Bonuses
Each trusted gambling site has a unique selection of online betting bonuses for both new and returning members. While these are mostly the same from site to site, they all have slightly different terms. One venue may have bigger bonuses than another, while the site with the smaller bonus might have lower wagering requirements. You get the idea.
That said, no matter which site you choose, they all have one thing in common when it comes to online gambling promotions: You’ll always get more for your money depositing with Litecoin or another supported cryptocurrency.
Remember, with online gambling deposits (or online money transfers of any kind), there’s historically been an intermediary. These intermediaries – banks, credit card processors, etc. – cost money. And that money comes out of your bottom line.
It’s in your best interest – and your online betting site’s best interest – to cut out the middleman. Crypto allows this. That’s why the top venues give members 2-3 times more free plays, free spins, and free coins when depositing with LTC and other popular cryptocurrencies.
Note: Like all bonuses, Litecoin/crypto betting bonuses are market specific. Please be sure to accept the bonus or use the online gambling bonus code that corresponds to the style of gaming in which you’re most interested (i.e. casino, sports, poker).
Speeds And Fees
If you want the absolute fastest way to make a real-money online gambling deposit, credit/debit cards are still king of the hill. Unless, that is, they get declined. Then you’re in for a big delay and a big headache. To make betting deposits that are 100% guaranteed to go through, crypto is the best solution.
That said, some cryptocurrency gambling options – such as Bitcoin or Ethereum – are pretty slow. These can sometimes take 1-2 hours to process and clear. And the longer a coin takes to process, the more expensive its native blockchain fees. If you want to gamble right now and can’t afford to spend too much in transfer costs, you’ll need a faster, cheaper coin. That’s where the LTC coin comes in.
Litecoin transactions take 3-5 minutes on average, and fees are minimal. Even on a deposit of $1000 or more, with LTC, you’re looking at just a dollar or two at most in LTC blockchain fees.
The same also goes for payouts, though these can take longer in many cases. Litecoin gambling payouts are usually automatically approved and sent to your LTC wallet. However, if you’ve won a lot of money – say, several thousand dollars – your withdrawal may have to be manually approved by the site cashier. If this happens, you’ll still get same-day payouts, but they’ll take 1-2 hours instead of just a few minutes.
Best Litecoin Wallets
All new crypto users should immediately familiarize themselves with the concept of cryptocurrency wallets. The short version is this: Crypto wallets are where you safely and securely store your crypto.
In general, it’s not considered a good practice to store your coins on the exchanges where you purchased them, as these exchanges host “custodial” wallets. Instead, you want to use a private “non-custodial” wallet where you – and only you – have access to and control over your coins.
So as soon as you buy Litecoin for online gambling, whatever LTC you don’t send to your betting site ASAP should be sent to a private Litecoin wallet.
The best LTC wallets for online gambling are those which allow quick access to your funds but provide added layers of security. We recommend LTC software wallets (online storage) and LTC hardware wallets (offline storage). Because crypto software wallets are free and easier to use, they’re our first choice. However, if you have a few dollars to spend on a hardware wallet, they do offer a bit more peace of mind.
Warning: Under no circumstances do we recommend storing your Litecoin in LTC paper wallets if you intend to send or receive LTC coins regularly. Litecoin paper wallets are for long-term cold storage only and are not suitable for online gambling.
- Litecoin Software Wallets – Atomic, Guarda, Exodus, Electrum LTC, Jaxx
- Litecoin Hardware Wallets – Ledger Nano S, Ledger Nano X, Trezor One, Trezor Model T
All crypto coins have their strengths and weaknesses, and Litecoin is no different. As such, if you choose to use LTC as a legitimate online gambling deposit method, we have a few tips and tricks for your consideration. These should all help you maximize the efficacy – and the long-term payoff – of using LTC:
- Buy Litecoin when the average price is near a recent low. Crypto is volatile. And even though Litecoin isn’t quite as volatile as some other assets, it still swings by several percentage points in value each day. You don’t want to buy LTC when it’s at a recent high, but as long as you purchase the coin when it’s at or below its weekly or monthly average price, you’ll be getting good value for your money.
- Deposit LTC at betting sites when the LTC/BTC value is low. Just like you should buy low, you should also deposit At most sites, you’ll need to keep track of the LTC price and the Bitcoin price, as LTC deposits are usually exchanged to BTC/mBTC credits once your deposit goes through. Your Bitcoin account balance will fluctuate in real time with the price of BTC, so getting in at a lower number gives you a great chance to grow your stack even when you’re not betting.
- Never choose to credit LTC deposits as USD. Whenever you make a Litecoin gambling deposit, you’ll have the option to keep your LTC credited to your account as crypto (usually mBTC) or as USD. Unless a specific bonus or perk plan requires you to convert crypto to USD, we recommend always keeping your crypto as crypto. Remember, crypto values often go up, while USD values never go up. We have a feeling you’ll appreciate this little tip.
- Withdraw your winnings when crypto is trading low. You can claim your winnings in any supported crypto coin, but it’s important to do this at the most opportune time. Ideally, you want to pull out your winnings when your coin of choice is trending lower than usual in value. This lets you pull out comparatively more crypto coins, which translates into bigger gains later when the coin price goes up.
- Don’t be married to Litecoin. Even if you deposit with LTC, you will be able to withdraw your payouts in any supported crypto coin. This is not only a great way to get invested in some different coins you don’t yet own, but it’s also a great way to maximize your payout potential. If one coin is trending down considerably more than another coin, you should consider withdrawing your funds in that asset. More room to grow means bigger payouts in the end.
- Report all Litecoin transfers on your federal/state income taxes. Crypto transactions require disclosure, so be sure to include these transfers on your taxes. In most cases, there won’t be any meaningful tax implications, but it’s a good idea to keep IRS audits at bay. Note: You don’t have to report unrealized crypto gains on coins you’re currently holding. You only need to report gains experienced from trading or selling your cryptocurrency.
- Hodl on to your Litecoin for the long haul. If you’re just going to cash your crypto out as soon as you receive your payout, you won’t be getting the full benefits of Litecoin betting. Cryptos like Litecoin have an extended return phase. That is, you place your bet, you win, and you cash out. But after that, you sit on the crypto and let it grow over time. This is how you turn a $500 payout into a $10,000 windfall.
Where To Buy Litecoin For Online Gambling?
Most new crypto gamblers are going to buy LTC or acquire LTC in one of three ways: via the exchanges, through a storefront like Atomic Wallet, or by way of crypto mining. And realistically, most gamblers aren’t going to worry about the latter.
Still, all three of these options are legitimate ways to get Litecoin, so they’re each worth a quick rundown:
Commercial Litecoin Exchanges
If you want the fastest and easiest way to buy Litecoin with which to gamble, going through a commercial crypto exchange is your best bet. Services like Coinbase, Coinbase Pro, Kraken, Bittrex, etc. are all licensed, insured, and regulated. They also have dedicated crypto exchange apps that make the process as simple as possible.
If you’ve ever opened an online bank account, you’ll know what to expect here. Note that these exchanges charge minimal fees on cashouts, and new members sometimes must wait a few days before they can send their crypto off-platform for the first time.
Atomic Wallet Store
Don’t have time to wait on a commercial crypto exchange’s KYC account verification and need to get LTC ASAP? For that, we recommend a dedicated crypto storefront like that found in the Atomic Wallet app.
Atomic Wallet is the number-one crypto wallet app in the world, and you can use your credit card to buy LTC right through the app itself. Unlike the big exchanges, there’s no waiting, so as soon as you get your LTC, you can make your gambling deposit.
Note: Atomic Wallet also supports buying, storing, selling, and trading hundreds of coins in addition to LTC.
Mining Litecoin For Free LTC
As with other first-gen crypto coins, it is possible to mine Litecoin. And depending on your personal situation, it might even be profitable to do so.
If you already have a fast computer powerful enough to efficiently mine LTC – and if your access to electricity is generally inexpensive – then Litecoin mining is a great way to get free Litecoin with which to gamble.
However, if you aren’t set up to mine Litecoins right away, it’s probably more cost effective to simply buy LTC from the exchanges or through an app like Atomic.
Litecoin Gambling FAQs
Litecoin Gambling FAQ's
A cryptocurrency gambling option.
The Litecoin payment method is a cryptocurrency betting option that uses the Litecoin (LTC) cryptocurrency.
LTC works the same way as any other betting crypto, so there’s not much of a learning curve if you have any experience using crypto coins to bet online.
Yes!
There are no United States laws against using Litecoin to buy legal goods and services, nor are there any laws against receiving Litecoin in the same context.
Since gambling online with offshore operators is also legal in the US (and many other countries), the online LTC gambling is 100% by the book.
The same as any other cryptocurrency.
When used for online betting, LTC works the same way as any other crypto coin.
We explain the processes of using LTC to make online gambling deposits and payouts above. But in practice – from a pragmatic perspective – it’s no different from using a credit or debit card at a legit online gaming site.
Litecoin.
Because LTC is both faster and cheaper than BTC, it makes sense to use Litecoin instead of Bitcoin for your online gambling activities.
The exception to this rule, naturally, is if you’re already heavily invested in Bitcoin or if you don’t particularly care for Litecoin for whatever reason.
But as a pure gambling crypto for use at the sites we recommend, LTC holds more immediate value.
Long-term investment, however, still favors BTC over just about any other competing crypto platform.
Litecoin.
But the same caveats outlined directly above apply.
If you’re already invested in and regularly use ETH, LTC may not be the best betting option. Meanwhile, ETH – like BTC – has higher long-term investment potential than LTC.
But Litecoin transfers are much faster than Ethereum transfers, and they’re substantially less expensive, too.
Yes.
Because LTC is cheaper to use and processes faster than just about any other popular gambling crypto (with the possible exceptions of Cardano and Solana), we think it’s a great coin to use at legit online casinos, sportsbooks, and poker sites.
You may want to consider trading your LTC winnings for various other crypto coins, but that’s a different question.
General Litecoin FAQ's
Better than most.
Litecoin has experienced steady growth over the years, and it’s consistently a top 25 cryptocurrency.
It is by no means the best possible crypto investment (but what coin is?), though it’s established itself as reliable and resilient.
Nothing.
There are no fees for withdrawing in a different crypto than that used for making any associated deposit.
While trading LTC for BTC at crypto exchanges does cost money (i.e. native blockchain transfer fees and – in some cases – exchange transaction fees), you won’t have to pay these fees when withdrawing an LTC deposit in another supported coin.
Any reputable crypto exchange.
You can buy LTC at any reputable cryptocurrency exchange, such as Coinbase, Coinbase Pro, Bittrex, Kraken, Binance.US, etc.
If you don’t want to open a free crypto exchange account, you can alternatively buy Litecoin via storefronts such as the Atomic Wallet store, the Coinify store, and so on.
No.
While you can buy LTC with PayPal, you can’t send your coins off-platform to any external wallet address.
In other words, you can use PayPal to buy LTC, but you can’t send it to your online gambling site as a betting deposit.
Similarly, you can’t withdraw LTC online gambling payouts to your PayPal crypto wallet.
No.
As with PayPal, you can buy LTC with Venmo, but you can’t do anything with it. You can only hold it.
While you may be able to use Venmo to make LTC transfers in the future, the service is still extremely limited.
No.
You can use Zelle to buy Bitcoin on a private crypto exchange (which you can then use to gamble online), but there is no dedicated Zelle-to-LTC pipeline of the same kind.
You could always buy BTC with Zelle and then trade that BTC to LTC, but that’s inconvenient. Normal exchanges would be faster and cheaper at that point.
No.
CashApp is famously the only P2P instant-pay platform that lets you buy Bitcoin and send it off-platform.
However, Cash App crypto trading is limited to BTC.
While LTC might be added to the service sooner or later, Cash App Bitcoin support is currently the only crypto option.
