Best Litecoin Casinos 2023
LTC IS PERFECTLY SUITED TO GAMBLING – FAST AND LOW FEES
A growing number of crypto casinos are accepting Litecoin, and its low transaction costs and fast transfer structure make it well-suited to online gambling and sports betting.
Check out the best Litecoin casinos at Gambling Crypt right now, or read on to learn more about Litecoin gambling.
List of Litecoin Casinos
Guide to Litecoin Gambling
What is Litecoin?
Litecoin (LTC) was released in 2011 and is a cryptocurrency almost identical in nature to Bitcoin, and similar to Bitcoin Cash. It set about improving on Bitcoin, which was (and still is) plagued by high fees and slow transaction times.
Litecoin is much faster than Bitcoin, and the associated fees are negligible, making it an excellent token to use at the best crypto casinos.
Charlie Lee, a former Bitcoin miner, a computer scientist, and a software engineer at Google, founded Litecoin.
Lee, or ‘Chocobo’ as he is known, is well-respected in the crypto space and used to work for leading cryptocurrency exchange Coinbase as director of engineering.
Lee is a passionate advocate of cryptocurrency and now holds the role of managing director at the Litecoin Foundation, which advances Litecoin’s goals.
Litecoin is the second most popular ‘pure’ cryptocurrency behind Bitcoin. It’s one of the most widely accepted crypto coins, with thousands of merchants accepting it.
Litecoin and fiat currencies
When people talk about fiat currencies, they refer to government-backed and government-issued currencies like the US dollar, the Japanese yen, or British sterling.
Most cryptocurrencies like Litecoin, Bitcoin and Ethereum are not pegged to fiat currencies. Tether is an example of a crypto token that pegs its value to a fiat currency.
Still, Litecoin ’s value is determined by its value in relation to leading fiat currencies. Litecoin went as high as $386 in May 2011 but is trading around a more modest $100 in January 2022.
A Litecoin casino will often accept both LTC and fiat.
Advantages of a Litecoin Casino
Faster and cheaper payments
Litecoin is free from any banks or traditional financial entities. Every Litecoin transaction happens via a decentralized network that treats all days as the same. Low transaction costs and instant Litecoin deposit from your Litecoin wallet mean it’s becoming more popular at crypto casinos.
Big bonuses and offers
The best Litecoin casino will be run by intelligent people who recognize that accepting cryptocurrency leads to huge savings from payment processors and intermediaries that control traditional payment methods. Check the latest offers above – and deposit with the bonus code if required.
Crypto casinos can pass on these savings to players in the form of bigger and better bonuses and on-site promotions (think slot tournaments and live casino offers). Many of the best crypto casinos are even offering promotions free from any wagering requirements.
Using Litecoin is your passport to getting more value from your real money online gambling at a crypto casino.
More game choice
What to look for in a Litecoin casino? Well, you want the biggest selection of online casino games when you are choosing a LTC casino. Luckily, all crypto casinos, whether it’s a LTC casino, a Bitcoin casino or other crypto betting sites, will have a massive choice of super slots, table games, live casino, jackpot slot, and even sports betting.
Find Litecoin casino games exclusive to crypto gambling, like Crash, Plinko, and Bitcoin Dice. Casino game providers like NetEnt, Evolution, Pragmatic Play, and Play’n GO with all the table games, live casino game titles, and slots you want are waiting for you.
When checking out an LTC casino we recommend and or reading a casino review, check you are getting the chance to play a full range of thousands of Litecoin games and slot releases.
If you like wagering on football, basketball, tennis, or other popular sports, then you can find many sports betting options too.
Security and privacy
Blockchain technologies are the safest and most transparent network out there. Making a Litecoin payment to deposit adds an extra sense of security to your transactions. Fraud at Litecoin casinos is almost impossible when using blockchain networks.
Your gambling transactions, while publicly recorded, are essentially anonymous as only your public wallet number is shown. Your bank, family, employer, or anyone you may not want to know you are online gambling will never see a transaction in your name. The best Litecoin casino is discreet, but totally transparent too.
Disadvantages of a Litecoin Casino
Not as popular as other cryptos
Casinos that accept Litecoin are rising quickly, but Bitcoin remains more popular with players. Some casinos offers will be limited to those that deposit with BTC or ETH. But we still have a wide variety of the best Litecoin casinos on this page that will keep you more than happy playing their Litecoin games.
Beware unlicensed sites
Sadly a lot of unlicensed, unregulated Litecoin casino exist. These tend to accept as many tokens as possible as they aim to steal from and rip off players. Don’t play at Litecoin casinos where the license is not displayed (usually in the footer). Playing at dodgy Litecoin casino games will mean you will lose your Litecoin and might open yourself up to compromising your Litecoin wallet as well. And look out for a deposit bonus that seems too good to be true – it probably is. A casino game that you haven’t seen elsewhere may also be a red flag.
You can’t always wager in Litecoin
Even the best Litecoin casino might accept Litecoin but not let you wager with it. Instead, the casino will convert it into their casino tokens, a different crypto coin like Bitcoin, Bitcoin Cash or Ethereum, or fiat currency.
This can be annoying and cost you – you are at the mercy of the online casino exchange rates.