Best Litecoin Casinos for Canadians: the Comprehensive Guide
Litecoin (LTC) is one of the many cryptocurrencies that are now readily accepted as a payment option at crypto casino sites around the world. Similar to other notable digital currencies like Bitcoin and Ethereum, it offers users enormous benefits, many of which we will highlight in this LTC casino review.
If you reside in Canada and are looking for fastest payout online casinos that accept Litecoin deposits and withdrawals for playing games, you should stick around for the information in this article. Our team of experts does in-depth research on casinos to share the best possible information with you. Let’s begin our post by briefly refreshing your mind on the origins and nature of LTC.
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LTC and How Does This Cryptocurrency Work?
The origins of Litecoin are well-known, unlike Bitcoin, which is accredited to the phantom figure of Satoshi Nakamoto. LTC is the brainchild of Charlie Lee, who worked at Google and was later hired as the Engineering Director of the renowned crypto exchange – Coinbase. However, it is widely regarded as a spinoff to the much-coveted Bitcoin because they both have similar technical information.
However, this cryptocurrency, which was first launched in 2011, is quite different, particularly in two aspects. But the main difference lies in the block processing speed, which is 2.5 minutes compared to the 10 minutes it takes for Bitcoin to process a block. For a punter at an LTC online casino, this means the transaction confirmation speed is much quicker than Bitcoin.
Litecoin is categorized under a cryptocurrency payment method, including other popular digital currencies like Bitcoin, Ripple, Tether, Dogecoin and Ethereum casinos. Crypto casinos are merchants that the payment gateway permits to accept deposits from their registered customers.
This payment gateway will then charge the crypto site either a fixed fee or a percentage-based fee (in some cases, they charge both) as payment for their services for processing all LTC transactions on the casino. This service includes the real-time conversion of fiat withdrawals from gaming accounts.
Litecoin as a cryptocurrency is stored in any one of many digital wallets. This digital coin is created and transferred through a cryptographic, open-source protocol. Like other cryptocurrencies, LTC uses decentralized blockchain technology to record every transaction.
You must first have a crypto wallet to use LTC on any online casino. Once you have an LTC wallet, you can use digital coin exchanges like Binance, Coinbase, or eToro to trade fiat or other similar digital currencies for LTC. You can access these exchanges using your desktop or mobile devices.
You can then choose Litecoin as the deposit option and fund your casino account.
Litecoin Transactions Come with Multiple Benefits
There are quite a few benefits to be derived from using LTC when playing at online casinos. Some advantages include the following:
- ➕ Quick deposits and withdrawals completed within a few minutes.
- ➕ Guaranteed anonymous transactions at all times.
- ➕ All information concerning your LTC transactions is confidential and hidden from third parties.
- ➕ Zero transaction fees.
- ➕ Your personal details are hidden from public view.
- ➕ You can expect a welcome bonus offer for choosing LTC as your preferred payment option.
Litecoin Usage has its Disadvantages Too
Some of the notable cons of using this cryptocurrency for transactions are:
- ➖ You cannot reverse an LTC transaction once effected, so if you make a certain LTC deposit to your gaming account, you cannot change the amount, for example, once the transaction has been completed.
- ➖ You are vulnerable to erratic fiat currency to LTC or other digital currency to LTC exchange rate valuation when you hold cryptocurrency.
- ➖ Not all crypto casinos accept LTC.
Depositing at the Best Litecoin Casinos
Cryptocurrencies are the most used banking methods at new online casinos Canada, and LTC is one of the most in-demand cryptocurrencies at crypto casinos.
The best casinos offer their customers a seamless, quick and easy LTC deposit process as follows;
|Register||First, you must sign up with the operator of your choice. Many casinos in Canada accept Litecoin deposits, including BitStarz, CloudBet, Stake, 7Bit Casino and HellSpin. You will be required to complete a simple registration form by providing personal details like your username, email and password.|
|Verify Account||Once registered with a casino; you must verify your gaming account. It is usually done by clicking on the verification link in the email or adding the OTP sent on the mobile phone.|
|Select payment method||After verifying your gaming account, you must make your first LTC deposit. You must visit the casino’s payment section to carry out this process. As a newcomer, you may be required to activate your welcome bonus by depositing a stated amount in LTC. But first, you need to choose it as your preferred payment option.|
|Make a Deposit||In the payment section, click on the option “Deposit.” Then you will have to scroll to the specific deposit method. As you click on it, it will show you the crypto address of your chosen casino. This address is needed to transfer LTC from your crypto wallet to your gaming account. The deposit should take a few minutes to reflect. You may be charged a deposit fee depending on the offerer you sign up with.|
In addition, minimum thresholds may also apply when you deposit any of the LTC casino legit sites. For example, at BitStarz, your minimum deposit is 0.025 LTC, while at CloudBet, a minimum deposit of 0.0001 will suffice.
Bonus Offers at the Best Litecoin Casino Online
The best Litecoin casino sites in Canada offer bonuses and promotional packages to new and existing customers. These involve a welcome bonus package, reload bonus offers, cashback bonuses and many more. The most common of these bonuses include the following:
Litecoin Casino First Deposit Bonus
It is a percentage match deposit bonus up to a certain amount. At CloudBet, for example, a minimum first deposit of 0.1 LTC will qualify you for their 100% deposit match bonus up to 50 LTC. But note that wagering requirements and other T&Cs apply to avail of the bonus offer.
LTC Free Spins
Free spins are often given to customers upon registration, along with a deposit match bonus offer or a standalone offer. Free spins are available on specified slot games like Elvis Frog in Vegas by Bgaming or Wolf Gold by Pragmatic Play. This bonus can be as high as 100 free spins.
Litecoin Bonus Codes
Bonus codes allow you to activate a bonus offer with an online casino. A field will be provided during sign-up in which you can input the bonus code before filling out the registration form and concluding the sign-up process. Alternatively, you can find the bonus code field while depositing at the casino.
How To Make Withdrawals on A Live Litecoin Casino?
Whenever you need to cash out your winnings from your gaming account at a Litecoin live casino, you can do so by following these general steps:
|Visit Payment Section||Start by visiting your chosen casino’s payment or banking section.|
|Select LTC||Select your preferred withdrawal option. Note that this can also be done before your initial LTC deposit with a casino.|
|Provide Wallet Address||Once you have chosen your preferred withdrawal option, you must provide your wallet address.|
|State the Withdrawal Amount||In addition to providing your LTC wallet address, you must state the amount you intend to withdraw from your account. Note that minimum thresholds and a fee may apply in adherence to the T&Cs of the live Litecoin casino you have registered with.|
Also, you will only be allowed to withdraw if you have met the wagering requirements on bonus funds. The withdrawal limits often vary, but they could be as low as 0.14 LTC, like in the case of mBit or as high as 41.6 LTC weekly, as in the case of Evergame Casino.
LTC Casinos: What is the Processing Time for Payments?
Litecoin casinos offer some of the fastest deposit and withdrawal transaction speeds in online gambling? Typically, the average processing time for payments in the best casino sites is about 10 minutes. Also, note that the processing speed for withdrawals may be affected by factors, such as the number of confirmations required and the block times.
Transaction Charges with Litecoin
Litecoin transactions do not ordinarily attract fees. However, many such gambling sites may charge an administrative fee whenever you use this payment option. You are advised to always check the terms and conditions of service for any crypto site before you commit funds to the site.
Play Litecoin Casino Games on Mobile
Many crypto casinos are accessible on Android and iOS mobile devices because of the high demand for mobile casino gaming and the convenience they offer punters. Games at Litecoin mobile casinos online are hot right now and being able to make casino LTC transactions from your respective mobile device makes it all the better.
The mobile casino Litecoin payment option is hugely popular as more people spend their time playing games on their mobile devices. Most casinos offer the same payment features, functions, and flexibility for mobile devices as it applies to their desktop versions. Now you can conveniently deposit or withdraw from your mobile device whether you do so by launching the Litecoin casino on your mobile browser or using their mobile app.
Customer Support at Litecoin Casinos
The customer support at most Litecoin casinos is the same as in any other online casino. You have the traditional phone call or email support and live chat, which often runs on a 24/7 timeline.
Other Similar Payment Methods
Most crypto casinos do not only allow you to play casino games with Litecoin but also in other cryptocurrencies like Bitcoin, Ethereum, Ripple and Dogecoin. While crypto is a fast, secure payment method, most crypto casinos offer other banking methods like e-payments, debit/credit cards, and bank transfers. The main difference between these other payment methods and Litecoin is that it offers a faster processing time.
While we recommend that you sign up with a casino that accepts punters residing in Canada, we also urge you to be cautious and take time out to do some research on the casino before joining them. There are many casinos out there, so look out for those duly licensed, and offer mobile-compatible casino gaming like Litecoin casino blackjack, zero or minimal transaction charges, attractive bonuses, and reasonable deposit/withdrawal minimum thresholds.
- ❓ When gambling with Litecoin, what costs should I anticipate?
While depositing with Litecoin normally does not incur costs, the online casino you choose may impose its fees. You might have to pay GAS fees while converting Litecoin from other cryptocurrencies and transferring it into your crypto wallet.
- ❓ When making a Litecoin deposit, how long does it typically take?
When using Litecoin as a deposit method, the funds are transferred to your casino account in a couple of minutes. At max, it may take up to 24 hours to complete the deposit.
- ❓ Can I make a withdrawal from Litecoin?
Those who choose Litecoin as a withdrawal option can do so. You must have made a deposit using the Litecoin payment method only if you intend to withdraw at most casino operators. Withdrawing your Litecoin is as easy and cost-free as making a deposit. The casino may also impose a minimum withdrawal amount and a fee on this withdrawal method, just like it does with deposits.
- ❓ When can I expect funds in my bank account while withdrawing at a Litecoin casino?
The time required for the withdrawal procedure is minimal, at most a few minutes at the best legit Litecoin casino.