Effective April 2017, Gambling911.com-endorsed BetOnline has announced it will be accepting deposits and withdrawals using the cyber currency Litecoin, becoming the first Internet gambling website to do so.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. LTC is currently trading for $12.30 and has doubled in value since the start of April.
Players can deposit a minimum of $20 and maximum of $25,000 through litecoin at BetOnline. Withdrawals are capped out at $10,000 with funds typically received within 48 hours.
- Aaron Goldstein, Gambling911.com