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Litecoin betting

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Litecoin betting sites are the best way to enjoy your favorite casino games. Litecoin is a cheaper, faster, and more secure digital currency than other cryptocurrencies. It is also more advantageous for online casinos where players can make deposits in this payment method.

Litecoin did not get as much attention as Bitcoin but is still one of the most popular cryptocurrencies. Can I place wagers with Litecoin? Which are the best Litecoin betting sites? Learn more below:

About Litecoin

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. The creation and transfer of coins are based on an open-source cryptographic protocol. Moreover, it does not fall under any central authority. While inspired by, and in most regards, technically nearly identical to Bitcoin (BTC), Litecoin has some technical differences compared to Bitcoin. This includes a decreased block generation time, differing hashing algorithms, and a script-based proof-of-work scheme.

Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, script-based mining proof-of-work algorithm to target most people’s regular computers and GPUs. In addition to being awarded the block reward for each block mined, “miners” also receive fees from transactions they include in their blocks. The current fixed rate forms a part of the block header data structure known as coin base transaction outputs (CTO).

Miners receive these fees as they mine new blocks, which incentivizes them to continue mining even after the reward drops to zero.

Yes, it is legal to bet with Litecoin on betting sites in the US. Any federal or state government does not regulate cryptocurrencies in the United States. This means that any online casino that accepts Litecoin as a deposit method will not have any legal issues with the government.

The legality of cryptocurrency online gambling in the US has been questioned in the past. However, there have been no official rulings on the matter. The legal status of cryptocurrency gambling is still an open debate among lawyers and lawmakers. However, most believe that Bitcoin is an asset and not a currency, so you should not treat it as such. It does not matter if you use Bitcoin or Litecoin for your deposits at online casinos because they are both digital currencies. The only difference between the two is their transaction fees, but this does not make one better than another when betting online.

Best Litecoin betting sites

Welcome to our guide to the best Litecoin betting sites. If you are looking for a new cryptocurrency gambling site that accepts Litecoin as its primary currency, this page is for you. We have reviewed some of the best Litecoin casinos on the internet and put them in one place for your convenience.

  • Bovada – Bovada is a well-known and reputable site, and it’s no surprise that they accept Litecoin as a deposit method. Bovada supports Litecoin as a deposit and withdrawal method, so you can use your LTC to fund your account and withdraw winnings back into your wallet at any time. Note that there are fees associated with both depositing and withdrawing, but they are very low compared to other sites that support Litecoin as a payment method. Bovada offers betting options for players who want to wager on sports with their Litecoin. You can bet on individual games or entire seasons, and there are plenty of props available. Bovada has been around for a long time and has built up a reputation for being one of the most reliable sportsbooks online. They’re also known for their excellent customer service team, available 24/7 via email or live chat.
  • Super Slots – Super Slots Casino is one of the best online casinos that accept Litecoin as a deposit method. They have been around since 2015 and have over 100 games available in their collection, such as slot machines, table games, and video poker machines. You can use your Litecoin balance to place bets on various games at Super Slots Casino, including slots, roulette, blackjack, video poker, craps, and more. The site also has weekly tournaments with huge prize pools for the top winners. There’s also a live casino section where you can play against other players from all over the world using virtual chips rather than real money stakes. You can even chat with them while playing if you want to The website is easy to navigate, and you will find an array of slot games with different themes and features. The games are available in both desktop and mobile versions so that you can play them anywhere.
  • BetWay – If you’re looking for a Litecoin betting site, BetWay is a great place to start. The site accepts LTC payments and offers a variety of sports betting options, including live-streaming. The site also accepts other cryptocurrencies as payment, including Bitcoin and Ethereum. In addition to its sportsbook, BetWay operates a dedicated casino and live casino section. You can play blackjack, roulette, baccarat, and more with cryptocurrency at the casino. As with the sportsbook, you’ll find live dealers on hand to help make your experience more enjoyable. Another thing that makes BetWay stand out from the pack is its excellent mobile app. It’s easy to use and offers the same features as the desktop version — including live-streaming and an impressive array of deposit options (including fiat currencies). BetWay also has an excellent VIP program for high rollers who want to earn comp points by making larger deposits or placing larger bets on certain events. This gives them access to special promotions and bonuses only available to high rollers.
  • 22Bet – Started in 2007, 22Bet is a sportsbook based in Curacao. It’s fully licensed and regulated by Curacao Gaming Commission, which is a reputable jurisdiction. This site provides users with sports betting, online casino, and poker games. The site also offers live streaming of major sporting events like the NFL, NBA, MLB, and more. The platform gears towards users who want to place wagers on sports, but games such as roulette and slots are also available. You can use Litecoin to place bets at 22Bet. Users can fund their accounts with LTC directly or use cryptocurrency exchanges to convert their fiat funds into LTC. Players who want to make deposits and withdrawals in LTC will be subject to higher fees than those who choose to cash out in bitcoin.
  • And many more.

How to use Litecoin on a betting site

Below is a comprehensive guide on how to use Litecoin at betting sites:

  1. Join a betting site that accepts Litecoin – There are several online sportsbooks that accept Litecoin as a deposit method. You’ll need to create an account with one of these betting sites and fund it with LTC.
  2. Head to the deposit section. – After deciding on the site you want to play at, head over to their deposit section and click “Deposit” near the top of the page.
  3. Choose Litecoin as your deposit method – This will take you to another page to choose which cryptocurrency you want to use for your deposit. Most sites accept Bitcoin, Ethereum, Litecoin, and other cryptocurrencies as payment methods, so make sure you select Litecoin from this list if it appears on your site. This is the easiest way to get started with Litecoin betting because it doesn’t require any downloads or software installations.
  4. Copy a web address you will be given – Go to the Litecoin wallet on your computer, copy the address and paste it into the browser. The address has a long string of numbers and letters.
  5. Open your Litecoin wallet – You can visit the official Litecoin website and download the appropriate wallet. The main wallets are the Litecoin Core and Electrum wallets, but there are other third-party options.
  6. Paste web address – After pasting the web address button, wait for confirmation from your wallet regarding the incoming transaction from the betting site. Depending on network congestion or other factors affecting transaction speed, this might take some time.
  7. Enter the amount you wish to deposit – Enter the amount of money that you wish to deposit into your account. Once this has been done, press ‘Confirm’ and wait for the transaction to be processed.
  8. Your betting account will be updated with your deposit within a couple of minutes – After making your deposit, you can use it right away. The process is very simple. First, make sure that you have logged in using the correct username and password. Then, go to the ‘Cashier’ tab on the site, from where you can access all the other features of your account.

Special Litecoin bonuses on betting sites

Some Litecoin betting sites attract players with different bonuses to their betting sites. However, it is not standard to find these bonuses. Here is a look at some top options:

  • Welcome bonus – A welcome bonus is the most popular type of bonus. It’s the one that gives you a taste of what the casino or sportsbook is all about. Also, it gets you started with a little money to play with. The bonus usually comes in a no deposit bonus or free spins, which cannot be withdrawn but can be used for playing at the casino or sportsbook.
  • Matched deposit bonus– A matched deposit bonus is a promo that most bookmakers offer to their new customers. It is a deposit bonus, which means that you will receive a certain percentage of your initial deposit back from the sportsbook. This can be up to 100% of your first deposit, depending on how much you bet.
  • Cashback bonus – Another common type of bonus is the cashback bonus. This works in much the same way as a matched deposit bonus — except instead of getting matched betting funds, you get cashback on every bet, you place.
  • Matching bet bonus – The Matching Bet Bonus is a special bonus that gives you free money for betting on sports. How does it work? The matching bet bonus is essentially a cashback, but with two important differences. First, you don’t have to deposit it to receive it. Second, the payout amount depends on the odds of your bet. If you bet on an underdog and win, you will receive more than if you bet on an expected winner.
  • No risk bet bonus – No-risk bet bonuses are popular online gambling bonuses. They are mainly used in sports betting sites and allow new players to place bets without risking their own money. The bonus is usually given as free bets or free spins that you can use on any game at the site, including slots, roulette, or blackjack. The rules of these bonuses vary from one site to another, but they usually have a maximum cashout limit

History of Litecoin on betting sites

The history of Litecoin on betting sites is a bit more complicated than the history of Bitcoin. The first gambling site to accept Litecoin remains unknown. In 2014, a gambling site called BetChan started accepting Litecoin. However, this site has since closed down due to legal issues with its software provider. Another online casino that started accepting Litecoin was Bitstarz in May 2017. Other popular sites, including BetChan, BitCasino, and FBCasino, followed suit.

In addition to casinos, there are also many sports betting sites where you can bet on eSports events using LTC as a deposit method.

FAQ

Do I need to be 21 to bet on Litecoin betting sites?

Yes. You must be 21 years old or older to participate in betting on a Litecoin betting site. This is because the age of the majority in the United States is 21 years old. In most cases, the betting site will require you to verify your age.

Can I withdraw to my Litecoin account?

Yes, you can withdraw using your Litecoin wallet. You will need to go through the same KYC checks you went through when you registered your account. You will also need to verify your identity with a photo ID, proof of address and a selfie.

Does DraftKings Sportsbook accept Litecoin?

No. DraftKings does not accept Litecoin deposits directly. Instead, you must first convert your Litecoins into Bitcoin before depositing them into your DraftKings account. This is a straightforward process that you can complete directly from your wallet or exchange of choice.