Litecoin Continues to Thrive in the Online Casino Space as We Get Ready to Enter 2025
Litecoin (LTC) is widely seen as the No. 3 most used cryptocurrency when it comes to online gambling. It could very well be No. 2 outside the US where Bitcoin (BTC) reigns supreme followed by Tether (USDT).
Why use Litecoin over other cryptocurrencies?
Litecoin transactions are incredibly fast, usually validated in 2.5 minutes. Upgrades like Lightning Network can even speed this up to be instantaneous. LTC is also the second oldest cryptocurrency after Bitcoin.
The best Litecoin (LTC) Online Casinos will typically offer more enticing bonus options in order to encourage use of this digital currency.
Improved Functionality and Security
While Litecoin is considered among the fastest cryptocurrencies when requesting a payout or making a deposit, there is not enough discussion about overall security.
Purchasing the cryptocurrency and storing it in a digital or hardware wallet is considered relatively low risk. But like BTC, one must be mindful of price fluctuations during volatile times. The good news is the exposure is limited when compared to Bitcoin due to the fast transfer times. With BTC it is not unheard of to wait 45 minutes or longer for final confirmations (you’ll need six).
We here at Gambling911.com always recommend moving funds from a wallet through an exchange and directly into your bank account within one designated time. Always use an intermediary wallet. Never move Litecoin between the exchange and online casino without using the intermediary wallet. Though this may seem like an extra unnecessary step, nothing can be further from the truth. Many exchanges frown on customers using the platform directly for gambling purposes. Your intermediary digital wallet provides anonymity.
Litecoin Usage Cases in Various Nations
Countries such as Japan, South Korea, and Switzerland are among the most likely to push digital currency usage these days with Litecoin ranking among the top five along with Bitcoin and Ether.
In the United Kingdom, Litecoin ranks as the 4th most utilized digital currency after Bitcoin, Ethereums and – somewhat surprising – Dogecoin.
Sweden is a nation that is looking to abolish use of cash, thus boosting the necessity for digital currencies like Litecoin.
In Southeast Asian nations like Vietnam, where gambling is especially popular but not technically legal per se, cryptocurrencies are especially popular as residents worry over fluctuating currency and inflation. Vietnamese people are adamant about protecting their assets from devaluation.
Kenya was among the first African nations to embrace online gambling, though the ability to fund wagering accounts presented some obstacles. Today, Bitcoin, Ethereum, and Litecoin are among the most popular cryptocurrencies traded in Kenya, allowing for a less complext process when it comes to depositing funds into a betting account or making a withdrawal.
In Latin America, we often focus on Brazil. That nation continues to be a leader in crypto adoption having what is perhaps the most diverse crypto portfolio in Latin America. As of 2024, Brazil ranks 9th in the world for crypto adoption.
Needless-to-say, just as with other digital currencies, Litecoin is a godsend in countries where online gambling operates in more of a grey area. Provided you have access to a cryptocurrency exchange to can be linked to a bank account or other financial instrument, LTC makes transferring of funds a near seamless process.
More to Know About Litecoin Gambling
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Provably fair gaming is a system used by the vast majority of Litecoin online casinos to ensure that all game outcomes are fair and transparent. These algorithms are used to verify that results are not manipulated.
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Litecoin has a maximum supply cap of 84 million coins, or four times that of Bitcoin’s supply.
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While credit cards remain among the most popular methods of depositing with an online casino, multiple fees and taxation tend to turn off gamblers.
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e-Wallets are also widely used by gamblers but are prone to data breaches and typically impose low limits on withdrawals when compared to digital currencies.
These Are Some Popular Litecoin Casinos
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Litecoin Online Casino |
Litecoin Bonus |
Experts recommendation |
Best for |
|
Lucky Ones |
150% up to $3000 on your 1st deposit |
Great for high-rollers and VIP players |
VIP rooms and high-stake games |
|
BluffBet |
100% up to $500 on your 1st deposit + 100 free spins |
Great crypto payment alternatives |
Loyalty programs with daily free spins |
|
Casino Stars |
100% up to $300 on your 1st deposit |
Advantageous welcome bonus packages |
Game variety (over 9400 games |
|
Play OJO |
50 deposit spins on your first deposit |
Perfect pick for inexperienced gamblers |
Top-tier providers |
|
Hexabet |
100% up to $500 on your 1st deposit + 100 free spins |
Easy platform for new players |
Free spins and recurrent offers |
|
Nab Casino |
100% up to $500 on your 1st deposit |
Good Litcoin online casino for every budget |
Low minimum deposits of $1 |
|
Crypto Leo |
100% up to $2,500 on your first deposit |
Great welcome package with first 3 deposits |
Monthly cashout limits |
A Recap
What do we like most about Litecoin?
- Distribution: Bitcoin has a limit of 21 million coins while Litecoin has a set a limit of 84 million coins, which is 4 times that of Bitcoin’s limit.
- Transaction speed: The block speed for Bitcoin is about 10 minutes, though we typically find that three confirmations take up to 45 minutes. Litecoin has a block speed of 2.5 minutes. We don't need to tell you, that is extremely fast when compared to Bitcoion.
- Transaction fees: We didn't get too much into this but Litecoin's fees are less than Bitcoin. They do tend to fluctuate however.
Litecoin will continue to thrive, but doing so in the shadow of Bitcoin for the foreseeable future. Many will refer to Litecoin as the "silver" to Bitcoin's "gold".
Online casinos may see an advantage to pushing customers to use Litecoin over Bitcoin. To that end, one can potentially find more lucrative welcome and reload bonuses through the utilization of Litecoin.
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