Betting with cryptocurrency has become the way forward, and Litecoin, in particular, has captured the hearts of many. In this guide, I will give you the full lowdown on top Litecoin betting sites, how to deposit with LTC, the advantages it offers, and answer a few FAQs at the end. Read on to find out more.
- The Best Betting Sites that accept Litecoin betting – Pros and Cons
- How Do I Use Litecoin for Betting?
- How To Deposit With Litecoin
- Betting on Sports With Litecoin
- Advantages of Betting with Litecoin
- How To Choose the best Litecoin Betting Sites
- Disadvantages of Betting with Litecoin
- Alternative Crypto Payment Options
- Alternatives to Betting with Litecoin
- Litecoin Betting FAQs
- ThePuntersPage Final Say
Best Litecoin Betting Sites
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The Best Betting Sites that accept Litecoin betting – Pros and Cons
In the following section, I have reviewed the top three Litecoin sports betting sites based the quality of odds available, security, and the variety of payment options.
Cloudbet
Cloudbet is one of our favourite sites here at PuntersPage for betting with Bitcoin, and Litecoin users will have a great experience here too.
You will find over 20 sports to wager on here (including esports) although I was disappointed by the quality of the odds available. I would also have liked to have seen livestreaming available for more markets.
That said, I was delighted to find a 100% matched deposit bonus, and withdrawals are processed within 24 hours, which is one of the joys of betting with crypto.
- Free to bet with Litecoin
- Over 20 sports to wager on
- 100% matched deposit for new customers
- Odds could be more competitive
- Live streaming restricted to esports
- App not as good as desktop site
JackBit
Rounding off this list is JackBit, who offer over 600 daily markets for its forte sport – football.
Overall, you will find 40 sports to wager on, making it a reliable betting destination for keen bettors.
Meanwhile, those who enjoy a bonus or two will be pleased with the Litecoin betting promotion here. It stands out as it is a 3+1 style bonus, where the fourth bonus will be a free bet after you have made the first few wagers.
Overall, using Litecoin with Jackbit is straightforward, and unlike some crypto sites, you can enjoy quick withdrawals. The site is held in high esteem security-wise, and aside from crypto, it also accepts euros and US dollars.
- Boasts tons of football markets
- Secure site for playing online
- Unique promotion for new users
- Emails can take some time to be answered
- Limited markets for some sports
- Not many promotions for existing customers
BC.Game
BC.Game is a premium site for both Litecoin and Bitcoin betting with over a dozen sports in its library, covering mainstream and niche options.
I found it extremely easy to find the betting lines I was looking for, with the whole process safeguarded by the platform's robust security measures.
What also sets this site apart is its outstanding offer of not just one, but FOUR matched deposits. This means you can enjoy a staggering 360% bonus.
With over 150 crypto deposits to pick from, and no minimum deposit stipulated, there's plenty to enjoy here.
- Extensive range of sports
- Great for Bitcoin and Litecoin users
- One of the best welcome promotions
- No livestreaming available
- Customer support could be better
- Limited lines for some sports
How Do I Use Litecoin for Betting?
Whichever altcoin betting options most appeal to you, they should be easy to obtain. Below is a simple step-by-step guide on how to buy Litecoin:
Create an account with your chosen bookmaker.
Claim the welcome bonus, and activate the promo code.
Deposit funds and check the minimum amount before proceeding.
Once you have set up your wallet, head over to the sports lobby and pick from your preferred markets.
How To Deposit With Litecoin
To deposit with Litecoin, simply follow the below process, which remains more or less the same across various crypto betting sites.
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First, you’ll need buy some Litecoin through a crypto exchange.
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Once your crypto is in your account, you can go to your chosen sportsbook.
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Deposit your money in your account like you would do with any other currency.
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Select ‘Litecoin’ from the options available. Generally, there are no added fees for crypto deposits.
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The transfer should be very quick, so you can expect to see your Litecoin in your account the same day.
Litecoin Wallets
We always recommend opting for crypto wallets that offer a user-friendly interface and high levels of security. Certain brands, like Exodus, are specifically designed for beginners, while others, such as Atomic, are renowned for their advanced functionality. Additionally, always remember to check whether there are any additional costs associated with your chosen e-wallet beforehand.
Fees
Deposits and withdrawals with cryptocurrencies are typically free. Any occasional minimal fees should be clearly stated in the site's general Terms and Conditions.
Security
While betting with Litecoin is not illegal, the currency operates outside of traditional banking regulations and therefore lacks complete oversight. Nevertheless, reputable platforms like BC.Game and Cloudbet are trusted options for Litecoin betting, offering anonymity for all your transactions.
Betting on Sports With Litecoin
Wagering with Litecoin works differently compared to other traditional methods such as debit cards and e-wallets, as you are required to store a digital coin on the platform.
That said, once you get to grips with it, you can bet on the same sports that are available to other BC.Game or JackBit users, and you will be able to withdraw during live betting.
Advantages of Betting with Litecoin
The best Litecoin betting sites are highly versatile, and they offer some advantages for those who wish to deposit with this payment method.
Anonymity
It is hard to track deposits or withdrawals made as bettors can protect themselves easier while online.
Fast withdrawals
Cryptocurrency is taking off in sports betting, and that means you can expect almost instantaneous withdrawals when claiming winnings.
Lucrative welcome bonuses
Crypto bonuses will differ from promotions for traditional bettors, and they can help you get more value for money.
How To Choose the best Litecoin Betting Sites
The following factors are critical to choosing a reliable operator to place Litecoin bets with:
Security
When looking to sign with an operator, you should look at their credentials to determine how trustworthy they are. A safe bookie will be approved by an official gambling body, and ideally, they will possess the latest SSL (Secure Socket Layer) measures to protect users while they bet online.
Geographical restrictions
The most notable operators nowadays will have a geographical tracker, which will determine which countries bettors are placing wagers from. Bettors need to ensure they are playing in a country that an operator serves in before signing up for a sportsbook in question. BC.Game, for example, enforces geographical restrictions.
Good welcome offer
A reliable crypto sportsbook will have an enticing welcome bonus to attract new customers. Cloudbet, for example, offers a 100% deposit-matched promotion.
Bookmakers that are worth their salt will also keep existing customers happy, whether that be through cash boosts for particular markets or treating high rollers with VIP programmes to reward them for their unwavering loyalty.
Disadvantages of Betting with Litecoin
Bear in mind that there are several disadvantages to betting with Litecoin, which I have listed down below.
Volatility
When buying Litecoin, bear in mind that the price can fluctuate strongly as cryptocurrencies are quite volatile in nature. Moreover, despite being well-known among crypto fans, Litecoin isn’t as strong a currency as Bitcoin, for example. At the time of writing, 1 Litecoin is worth $77.16.
High fees
At certain sites, you may encounter high fees when depositing with Litecoin. In some instances, the mining fee can be as high as 20%, which can leave a considerable dent in your bankroll.
Lack of regulation
Although it is legal to wager on sports in the UK, licensed bookies in the country are currently very restrictive towards accepting cryptocurrency for gambling online. As such, there are no safeguards or policies, which means you are more exposed to safety concerns. However, there are bookmakers licensed by Curaçao which have their own regulations in place.
Alternative Crypto Payment Options
If you are looking for an alternative to betting with Litecoin, you might want to try these three crypto options instead.
Bitcoin: Bitcoin kickstarted the cryptocurrency revolution, and it is widely accepted at online bookmakers. According to coinmarketcap, it is the No.1 rated crypto, and it boasts a huge volume in terms of circulation.
Ethereum: While not as popular as Bitcoin, Ethereum is still a trusted crypto option for sports betting. When using this method, you can expect fair levels when it comes to deposit and withdrawal amounts.
Tether: Also known as USDT, Tether is one of the fastest growing cryptocurrencies around, and it combines online banking with the familiarity that comes with fiat currencies. As such, more sportsbooks have cottoned on to the impact that comes with betting using Tether.
Alternatives to Betting with Litecoin
Litecoin Betting FAQs
Litecoin is a type of cryptocurrency that can be used for wagering at online betting sites. BC.Game is ranked as the best site for using Litecoin to bet with.
Using Litecoin to bet with is quite simple. You need to finance a platform to buy cryptos, and then you should sync this up with your sports betting account to store them.
Bonuses come in all shapes and sizes at Litecoin sites. Typically, the ones available to new customers will be free bet or matched deposit offers.
Litecoin was an early altcoin developed and produced in 2011 by an ex-Google engineer Charles Lee. In terms of market cap, Litecoin was the third biggest cryptocurrency.
At the time of writing, 1 Litecoin is worth $77.16.
ThePuntersPage Final Say
Litecoin sports betting may seem like a relatively new phenomenon, but it is starting to take hold and is becoming a popular option for punters. Bookmark this page for all the best up-to-date information on the recommended bookies!