Litecoin may be one of the best payment methods to use for online betting. It’s ideal for both depositing funds into the casino account and withdrawing money from it. On top of that, more and more gambling platforms support Litecoin and other alternative methods.
Nonetheless, players who have never used cryptocurrencies may avoid such methods. Despite being simple to use and highly convenient, crypto payment methods may seem complicated to some. However, this is far from true. Litecoin casinos are just regular venues anyone can use and benefit from. Here’s everything you need to know.
Litecoin Payment Method Review: Casino Edition
Cryptocurrencies are perfect for online gambling. Namely, betting platforms recognize their advantages, and they were among the first to start using them. Therefore, you can find plenty of venues that support Bitcoin, Ethereum, Dogecoin, and Litecoin today.
All crypto-friendly payment methods are faster and sometimes safer than traditional options, such as credit cards. However, Litecoin is possibly among the best options. It’s made to allow fast transactions. As a result, you’ll be able to fund your casino account within several minutes. The same goes for withdrawing your winnings.
What’s more, Litecoin values less than many other cryptocurrencies. At the moment, its value is estimated at around $160. As a result, transaction fees are typically low compared to those with Bitcoin, Ethereum, and other crypto options.
Despite being a safe, cheap, and fast payment method, Litecoin isn’t available at every online casino. Simultaneously, some Litecoin casinos may only be good for avoiding. Hence, you should pick suitable online casinos before starting the registration process.
Litecoin Online Casino Registration Guide
Thus, the research part is a necessary step to take. Once you do, you can open the registration form available on the platform. In most cases, it will pop up when you press a button that says “Registration”, “Sign-Up”, or “Create Account”.
If you want to complete the registration process successfully, you need to provide the casino with genuine information. After all, the venue will ask you to verify your identity sooner or later. Hence, the data you leave should be corresponding to what’s written on your personal documents, such as your ID or driving license.
Online Litecoin casinos don’t always ask for the same pieces of information. Some of them may ask you about your gender, and the others won’t. However, every venue requires your email address, user name, state of residence, and password.
In most cases, you’ll also have to provide your full name, city, address, postcode, phone number, currency, and similar data. Sometimes, the casino has a simple registration form containing only fields dedicated to registration details. However, you’ll also have to fill out your casino account with personal and residential information at one point.
After completing the registration procedure and verifying your email address or phone number, you can choose the deposit method and fund your account with money.
How to Make a Casino Deposit Using Litecoin?
To choose Litecoin as a payment method, you’re supposed to visit the cashier section. However, before doing so, you need to get yourself a cryptocurrency wallet and purchase some litecoins. Then, you can finally connect your wallet and your betting account and start playing.
Once you create a Litecoin wallet, you’ll get the “key” you can use to open it. Needless to say, you should keep it in a secure place.
If you successfully got a crypto wallet, you can purchase Litecoin. To do so, you should have some actual money in your banking account. Also, someone can provide you with some. Either way, your cryptocurrency wallet should contain some litecoins.
Once you’re packed with enough amount of iltecoins, you can finally fund your betting account with some money. After selecting Litecoin as a deposit method, the casino will provide you with a code. You’re supposed to enter it into your wallet. If you want to use a QR code, you can take a picture of it with your phone camera, and the wallet will do the rest.
The last step to take is to enter the amount you wish to deposit into your casino account and confirm the transaction. The money will appear on your balance within several minutes from that point.
How to Withdraw Funds from Litecoin Casinos?
If you win some cash and wish to withdraw it, you should visit the cashier website section and start the procedure. The process should take up to ten minutes but may take longer in some specific situations (for security reasons).
After selecting Litecoin as a withdrawal method and specifying the amount you want to cash out, you should simply confirm the transaction. Hence, the procedure is very similar to depositing cash into the betting account. Similarly, it takes less time than transactions made with many other payment methods.
How to Find a Litecoin Online Casino?
Litecoin casinos are widespread and available for many players around the globe. However, that doesn’t mean you should pick the first one you come across. Some of them may be illegitimate, unsafe, and predatory.
So, the secure and legal venue is supposed to be in line with online casino regulations. First of all, it should have a license. Similarly, a decent online casino has a suitable reputation and rating. You shouldn’t agree to anything less than a reliable, trustworthy, and reputable Litecoin casino.
Additionally, you’re supposed to be content with its game portfolio and bonus selection. Also, the website should be easy-to-navigate and mobile-friendly. If so, you’ll be able to get a user-friendly experience across different devices.
Finally, the platform in question should offer a customer support service. Ideal online casinos has a live chat feature available 24/7. If the venue meets all of the mentioned criteria, there’s no reason why not to give it a try.
Alternatives to Gaming with Litecoin
Litecoin isn’t the only crypto-friendly payment method you can use. Namely, Bitcoin casinos and sites that accept Ethereum may also work for you. After all, they work similarly and provide convenient and secure services and fast transactions.
But if you still feel suspicious about Litecoin casinos and cryptocurrencies in general, you can go with other banking option. Electronic wallets and online banking methods are also pretty safe and convenient. Fortunately, today’s online casinos support plenty of different payment methods. Therefore, you’ll have little difficulty finding a suitable alternative to gaming with Litecoin.
Litecoin casino is a betting platform that supports Litecoin for depositing and withdrawing.
If licensed, fair, and legitimate, a Litecoin casino is safe.
You should choose a Litecoin casino based on your needs and wishes. For instance, you can consider CasinoChan, which supports Litecoin and other crypto payment methods (you can find it in our Casino Reviews section).