Litecoin Accepted Online Casinos

Andreea Stanescu
Written by Andreea Stanescu
Andreea Stanescu

Andreea Stanescu

Content Writer

  • 2+ years of experience writing about iGaming topics;
  • Skilled at explaining complex iGaming ideas in simple terms;
  • She has a BA in Foreign Languages from the University of Bucharest and an MA in Communication in Advertising from SNSPA, which improved her research and writing skills.
     
Stefana Chele
Reviewed by Stefana Chele
Stefana Chele

Stefana Chele

Content Writer and iGaming Specialist

  • Over five years of extensive experience in the Online Casino industry;
  • Reviewed online casino games, articles and news, demonstrating a keen eye for game quality and user experience.
  • Proficient in content writing, copywriting, and digital marketing, adept at crafting engaging and informative content. 
  • Skilled in researching, analyzing, and fact-checking to provide the community with the most accurate and beneficial information.
  • Analyzed, created, and published over 36,000 casino bonuses, showcasing an extensive understanding of casino promotions and player incentives.
  • Over a decade of experience in teamwork, developing outstanding social skills and building positive relationships.
  • A passionate advocate and expert on slots & online casinos.

Litecoin was created in 2011 by Charlie Lee, a former Google employee and MIT graduate. Ranking among the top cryptocurrencies, it is used widely for deposits and withdrawals in many mobile casinos. Read on to discover more about Litecoin online casinos.

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Litecoin Online Casinos Overview 

Litecoin, one of the earliest altcoins, originated from Bitcoin's open-source code. As a peer-to-peer Internet currency, this decentralized, global payment network facilitates direct transactions at casinos worldwide. 

It is ideal for small or micro-transactions, so many casino players prefer it over other popular payment methods.

litecoin logo
Type of Payment Cryptocurrency
Founded 2011
Headquarters Singapore
Number of Employees 200+
Countries Available Worldwide

The second-best Best Crypto?

Though not as widespread as Bitcoin mobile casinos, LTC's popularity is undeniable, not least due to its status as the second-oldest cryptocurrency. 

It was born out of a desire to address some of Bitcoin's limitations, particularly its slower transaction speeds and mining centralization. It has steadfastly maintained its vision as a currency for everyday transactions, including casino payments. 

Litecoin Is the Cryptocurrency for Fast Payments

The cryptocurrency stands out for its rapid processing, handling 54 transactions per second, with new blocks generated every 2.5 minutes.

Without the need for additional technological layers on its blockchain, Litecoin inherently offers faster and more affordable transactions than many of its competitors. 

Its peer-to-peer (P2P) crypto payment network can often settle transactions almost instantaneously. For mobile casino enthusiasts like me, this speed translates into quick and efficient fund transfers. 

I tried using several digital currency apps that support this payment supplier, and I could make LTC casino payments easily using these apps. 

For instance, the Binance app made LTC payment a cakewalk for me. Feel free to explore similar apps, as there are plenty of them.

You Can Also Use PayPal to Transfer LTC

In June 2022, PayPal introduced a feature allowing users to transfer Litecoin to other wallets and exchanges.

But Doesn't LTC Have Hefty Fees? 

Quite the opposite, actually.

Originally intended for payment purposes, Litecoin has been developed to maintain minimal transaction fees, averaging about $0.0070 per transaction. 

LTC Is a Considerably Fast Casino Payment Method 

It settles each transaction in approximately two minutes. To learn more, visit the official Litecoin website.

How To Use Litecoin For Online Casinos

Paying with Litecoin at mobile casinos is a straightforward process: 

  • First, acquire the coin and set up a crypto wallet;
  • Select a casino that accepts this payment method;
  • Complete the registration process and verify your account; 
  • Once signed up and verified, navigate to the casino's cashier page for deposits; 
  • Choose it as your payment method and follow the on-screen instructions to deposit using a credit card, bank transfer, or payment app.

Withdrawing LTC from the casino account is essentially the reverse of the deposit process. Just visit the cashier page, opt for withdrawal, and follow the displayed instructions. 

What About Security? 

Since its inception in 2011, LTC's blockchain has successfully resisted 51% of attacks

This reliability, coupled with an absence of major exploits, positions it as a trusted, low-cost transactional cryptocurrency, earning it the moniker "silver" of the crypto world

Its growing popularity is evident in the surge of wallets holding less than 10 LTCs, which also speaks volumes about its increasing adoption across retail casinos.

In June 2023, Litecoin became the most popular method for transactions based on the number of payments, accounting for 34.9% of all transactions, surpassing even Bitcoin.

When The Creator Lost Faith In His Creation 

In 2017, Litecoin's creator, Charlie Lee, sold all his holdings just weeks before the market peaked to avoid conflict of interest, but this lowered investor confidence to a great extent.

Is Litecoin Worth It Anymore?

Litecoin's combination of speed, affordability, and widespread acceptance makes it an increasingly attractive option for mobile casino transactions.

LTC is quicker, has a greater coin supply, employs a distinct algorithm compared to Bitcoin, and is widely available on most crypto exchanges.

However, as the crypto market saturated over time, the altcoin's popularity waned somewhat. But it's definitely not a scam, and you can find many instant withdrawal casinos accepting it as a payment method.

Page Contributors

Andreea Stanescu

Andreea Stanescu

Content Writer

About Andreea Stanescu

  • 2+ years of experience writing about iGaming topics;
  • Skilled at explaining complex iGaming ideas in simple terms;
  • She has a BA in Foreign Languages from the University of Bucharest and an MA in Communication in Advertising from SNSPA, which improved her research and writing skills.
     
Read Full Bio
Stefana Chele

Stefana Chele

Content Writer and iGaming Specialist

About Stefana Chele

  • Over five years of extensive experience in the Online Casino industry;
  • Reviewed online casino games, articles and news, demonstrating a keen eye for game quality and user experience.
  • Proficient in content writing, copywriting, and digital marketing, adept at crafting engaging and informative content. 
  • Skilled in researching, analyzing, and fact-checking to provide the community with the most accurate and beneficial information.
  • Analyzed, created, and published over 36,000 casino bonuses, showcasing an extensive understanding of casino promotions and player incentives.
  • Over a decade of experience in teamwork, developing outstanding social skills and building positive relationships.
  • A passionate advocate and expert on slots & online casinos.
Read Full Bio
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