Facts About Litecoin Casinos
Online casinos accept Litecoin for many reasons. For starters, each crypto casino that accepts this asset offers you instant deposits and withdrawals.
In comparison, methods that deal with fiat currency (ex. credit and debit cards) have a processing period that can last up to 5 business days. Yes, there are some options that offer instant withdrawals (Skrill, Neteller, ApplePay, etc.). However, their major disadvantage is the fact that they charge fees for these transactions.
The top Litecoin casinos legal also provide players with a variety of bonuses and promotions. They can boost your overall rewards and are easy to claim.
One thing that you should always keep in mind is whether the platforms are legal. Considering the fact that cryptocurrencies are fairly new to the market, it is a bit harder for these operators to obtain a license.
That is why you can stumble across numerous casinos that conduct Litecoin transactions, but do not possess a license.
Finally, Litecoin’s value changes with each passing day. After all, this is not a stablecoin; it’s a volatile cryptocurrency. That is why the minimum deposit and withdrawal may differ daily in terms of the amount of fiat currency you need to transfer. This is not something that’s uncommon, but if you are new to Litecoin, you must know it.
Deposits & Withdrawals in Litecoin Casinos
Speaking of conducting Litecoin transactions, we will take a look at how can you deposit and withdraw money to/from your account. As you will see, both of these transactions are easy to complete and they won’t take more than a minute of your time.
Let’s start by explaining deposits. This process is a must if you want to play the featured Litecoin games for real money. First off, register at an online Litecoin casino. You can do this by accessing the official site of the chosen online casino.
Click on the sign-up button and fill in the required fields. Then, accept the terms and conditions and confirm that you are of legal age. After you finalize registration, it is time to connect your e-wallet to the casino.
To do that, go to the Cashier’s section and visit the deposit menu. Once you connect your e-wallet, all that is left is to enter the amount that you want to transfer. After you top-up your account for the first time, you will likely receive a welcome bonus.
Each deposit is instant and once you complete it, you can play any of the featured games at the Litecoin online casino.
On the other hand, if you want to cash out winnings made from the Litecoin casino games, you will have to complete these steps.
First off, log in to your account. Before you make your first withdrawal, most Litecoin casinos will ask you to verify your account. After you do so, visit the cashier’s section, but this time, go to the withdrawal menu.
Just like minimum deposits, Litecoin casino websites have a minimum withdrawal amount. Enter the number that you prefer. Thanks to the fact that Litecoin is a digital asset, each withdrawal is instant. Confirm the transaction and wait for the funds to be transferred to your e-wallet.
Payout Times & Fees in Litecoin Casinos
One of the things that players want to know when using Litecoin to deposit and withdraw is the fees and payout times. Here’s what you need to know.
Considering the fact that Litecoin is a decentralized currency, there’s no authority that can charge you fees. Litecoin is based on blockchain. That means that no centre processes transactions and charges money for them.
Instead, every Litecoin user in the blockchain verifies transactions via a method called mining. The average block time of Litecoin is 2.5 minutes.
That’s the reason why every transaction with Litecoin is instant. Instant transactions are among the main reasons why playing casino games with Litecoin is fun and entertaining.
Everything About Litecoin Casino Bonuses
Not only can you play a variety of casino games, but each LTC casino offers a variety of Litecoin bonuses. The reason why you should use these bonuses is that they can boost your potential rewards.
When claiming a casino bonus, make sure that it applies to your favourite online casino games. Furthermore, check to see whether it is easy to claim it or not. The available Litecoin bonuses at the most trusted operators are:
- Welcome bonus
- Cashback
- Free spins
- Match bonuses
- Loyalty programs
Welcome Bonuses
The welcome bonus at a Litecoin online casino is arguably the most popular promotion. You claim it after you register an account and make your first deposit. Unlike all other bonuses, the welcome package is not available to all regular players.
This is a one-time offer that is available to new players only. In most cases, Litecoin gambling sites match your first deposit. They might even offer you daily free spins that you can use on certain slot games.
When claiming the first deposit bonus, you must keep the terms and conditions in mind. These promos are packed with T&Cs. T&Cs include:
- Wagering requirements
- Minimum deposit
- Bonus code
- Validity period
- Eligible games
- Maximum bonus amount
- Maximum bet
Wagering requirements are the most important part of the T&Cs. They tell you how much money you need to wager at the casino before you can withdraw winnings with the welcome offer. We’ll talk more about them later on.
As you can see, there are quite a few conditions that accompany the welcome bonus at the bests Litecoin casinos. The easier they are to meet, the easier you can withdraw bonus winnings.
Cashbacks
Casino cashback bonuses are loved at LTC casino sites as they have very few terms and conditions. Even though they are considered no deposit bonus offers, they are something in between. Here’s why.
To claim this bonus, you don’t have to make Litecoin deposits. However, you must wager real money on certain games at LTC casinos. The casino will calculate how much money you lost on the eligible games and then, refund a certain amount of the losses.
Here’s how cashbacks work. First, to be eligible for them, you must play the eligible games in a given week or month. In most cases, the eligible games are table games or live games. There’s also a minimum threshold of real money that you must wager.
The casino has a certain cashback percentage and it will send it when you log in on a specified day of the week. Keep in mind that the amount that you will receive is not a percentage of the money that you wager; it’s a percentage of the money that you lose.
Online casino players cannot withdraw cashbacks. They must use them to play Litecoin poker or other games listed in the T&Cs of the bonus itself. In some cases, crypto casinos might even give you cashback in the form of free spins.
Free Spins
Speaking of free spins, Litecoin casino apps can also give you this bonus to enjoy online slots. The beauty of free spins is the fact that you can start playing casino games without making real money casino deposits. But you still claim real rewards.
That’s the biggest advantage of this offer. The tricky part is that this particular casino bonus is usable on slots only. Not only that, but it has a very short validity period.
In many cases, legit Litecoin casinos will force you to use bonus spins within 24 hours of receiving them. Maximum bets and maximum win caps may also be present.
Match Deposit Bonus Offers
When you make Litecoin payments at a legit online casino website, you can also claim various match deposit bonuses. There are two main types:
- Standard match deposit
- Reload deposit
Both of these offers will boost your deposit at online crypto casinos. Here’s the difference between them, though. A match deposit bonus will provide you with extra funds on your first deposit of the day.
On the other hand, if you wish to claim a reload bonus, you must make at least 2 deposits to your casino account. You will receive extra funds on the second deposit of the day.
Just like all other promotions in the online casino industry, match offers have several T&Cs. Some of them are:
- Minimum deposit
- Playthrough requirements
- Validity period
- Maximum bonus
Litecoin Casino Loyalty Programs
Loyalty programs at the top Litecoin casinos are the perfect promo for high rollers. They provide you with exclusive benefits that are unavailable to most players. Each loyalty program has several levels.
To climb up the scale, you must collect comp points (CPs). To receive CPs, you must play the featured games for real money. Each Litecoin online casino has different conditions in terms of its exchange rate.
It is also very important to know that not every game contributes equally towards wagering. In most cases, online slots have 100% wagering, but the rest of the Litecoin casino games have lower wagering.
Depending on the level that you are currently at, you can enjoy benefits such as:
- Higher cashbacks
- Personal account managers
- VIP support
- Higher withdrawal limits
- Access to VIP tournaments
- Extra weekly free spins
- Faster withdrawals
- Birthday gifts
In some casinos that accept Litecoin, the final levels of the VIP program are reachable only by invitation.
Tournaments
The last of the Litecoin casino bonuses and promotions that we will mention is tournaments. They contain prize pools and can reward hundreds of players with cash rewards and/or free spins.
To be a part of a certain tournament, you just need to play a certain online gambling game for real money. Each Litecoin casino has a scoreboard where you can see your progress. At the end of each cycle, you will be able to see if you’ve managed to grab a reward or not.
Read the Terms and Conditions Before Claiming a Litecoin Casino Bonus
While speaking about specific online gambling bonuses, we mentioned that they are accompanied by terms and conditions. We often say that T&Cs are the most important part of the bonus, not the reward that you receive. Here’s why.
T&Cs indicate how easy or hard it is to claim a certain bonus and later on, withdraw possible winnings with it.
Some of the conditions that you will come across at the best Litecoin casinos are minimum deposit, wagering requirements, validity period, eligible games and payment methods, maximum bonus, maximum bet, country restrictions, etc.
Wagerings are arguably the most complicated part of the T&Cs. They tell you how much money you need to stake at a casino before you can withdraw bonus winnings. The higher they are, the harder it is to meet them.
To calculate wagerings, you must multiply your deposit with the wagering requirement. Often, you will have to play with hundreds of pounds before you can cash out with Litecoin.
You should also keep in mind that you must meet playthrough requirements before the bonus expires. So, if this condition is on the high end, then it is nice if the bonus validity period is long.
Determining Which Casino Bonus Suits You
As you can see, there are many Litecoin gambling sites that offer a plethora of deposit match bonuses. With them, you can increase your potential winnings. However, you should know that you cannot claim a bonus just because it can provide you with extra funds.
Determining which promotion can allow you to have a better experience can make a huge difference.
One of the first things that you should do is to see whether the deposit match bonus applies to your favourite games. There’s no point in claiming a certain promo if it’s only usable on games that you are not familiar with. If you do so, you’ll only increase your chances of losing money.
When you gamble online, the goal is to play responsibly and have fun, not take risks and end up chasing after losses.
Once you’ve determined that the bonus is applicable to your favourite casino game, it is time to see whether it is rewarding. Then, read the terms and conditions to see if you can claim and use the bonus without any difficulties.
Checklist Before You Choose a Litecoin Casino
If you want to choose a Litecoin gambling site and enjoy its casino classics, you should make sure that you check a few features before registering. The features that we are about to mention will ensure that you have a safe and entertaining experience.
Security and entertainment are always the two biggest priorities for players at the best Litecoin casinos.
- License and Fair Play: The first and most important thing in the online casino world is the license. A license indicates that the casino that accepts Litecoin can legally offer its services and conduct transactions (deposits and withdrawals). You can check it by going to the bottom of the home page. Additionally, the best LTC casinos should use the provability fair gaming concept as it guarantees fair play.
- Litecoin Banking Policies: If the Litecoin casino is licensed, then you can feel free to check the banking policies related to this payment method. See if you can claim all bonuses with it, how fast are deposits and withdrawals, are fees charged for these payments, etc. After all, you are registering at a Litecoin casino and you need to make sure that this option is efficient and effective.
- Available Games and Software Providers:The goal of registering at the best Litecoin casinos is to have a fun and entertaining gaming experience. To do that, you must have access to the best online gambling games. Instead of researching the games, check the software providers. The more reputable the software providers are, the better the quality of the games will be. Additionally, make sure that the library is as diverse as possible.
- Bonuses and Promotions: Just as we mentioned several times, promotions will allow you to play casino games and win bigger rewards. Check which promotions are available at the best Litecoin casino and how easy it is to claim them. You should have access to promos such as the welcome bonus, cashbacks, free spins and loyalty programs.
- Mobile Compatibility: Mobile compatibility is a must these days. Gaming on smartphone and tablet devices is a big trend. So, you need to make sure that you can either access the best Litecoin casinos via your mobile browser or an app. If the online gambling platform has an app, then it should be free to download. You will most likely find it on the casino’s official website or App Store/Play Store.
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