Litecoin Casinos

Website: https://litecoin.org/

Company: Open source blockchain

Deposit: Yes

Withdrawal: Yes

Payment Types: Crypto

Countries: N/A

Pros

Instant deposits & withdrawals

Anonymous transactions

Secure transactions

No fees

Probably fair gaming

Cons

Not all casinos offer it

Volatile price

No chargebacks

Author:

Mert

Verified

Last update: 11 Nov 2024, 12:22

Table of Content

How to Set Up a Litecoin Account

Setting up an account requires a couple of simple steps, and if you’re new to the whole crypto scene, have us guide you through the steps so you can get the show on the road!

Get a Litecoin Wallet: First, you need to create a Litecoin wallet. There are no wrong answers here, instead, there are options. You can use a hardware wallet, such as the Ledger Nano S or Trezor, which are secure devices that are most likely to keep the details of your wallet from prying eyes. However, a software wallet is a more accessible, albeit slightly less robust option.

Setup your wallet: You’ll need to set up your crypto wallet. Basically, you need to set up an account by following the prompts and providing a username and password. You’ll receive a seed phase–this you need to back up and keep safe, as you’ll be searching high and low for it if you ever lose access to your wallet.

Buy Litecoin: You’ll find Litecoin at the most popular crypto exchanges like Coinbase or Kraken. Here you’ll be able to exchange NZD for Litecoin.

Choose the right casino: There’s a range of New Zealand casinos that accept LTC, and we decided to save you some time by sifting through the competition and picking the finest ones.

Deposit at a Litecoin Casino:
After you log into your casino account and get to the cashier section, you’re ready to make your deposit. Choose Litecoin from the list of available payment methods, select the amount you need to transfer to your casino account, and with an instant deposit that is common with our New Zealand casinos that accept Litecoin, you’re all set to play slots, live dealer games.

KYC and Litecoin

Litecoin casinos from our top list are fully regulated and provide all the safety requirements, ensuring kiwi players can enjoy spinning pokies without any safety concerns. Just like the top Bitcoin casinos, Litecoin casinos have a high level of anonymity but be prepared for some necessary procedures. Here’s what the KYC process at a regulated Litecoin gambling site in New Zealand might include:

Photo ID: Sometimes you’ll need to provide a government-issued document like an identification card, passport, or driver’s license. This is to match personal details with the registration info you provided for the casino account.
Utility Bill: Some casinos might ask for a recent utility bill (such as electricity, water, or gas) to verify your current residence, as this could be a limiting factor for certain bonuses or games at Litecoin casinos.
Proof of Ownership: Instead of a card scan that you might expect with some other online casino payment methods like debit or credit card, these casinos may request proof that you own the crypto wallet you’ve been using for the games.
Bank Statement: If your Litecoin transfers are funded by or linked to a bank account, a recent bank statement may be necessary.

Alternative Payment Methods Verification: You might be putting down your deposits through e-wallets like Neteller or Skrill, therefore, some casinos could ask you to prove how the e-wallet is funded with a bank statement, so they make sure everything is above board and no risky business, like money laundering, is involved.

Conclusion

In conclusion, Litecoin’s edge over Bitcoin lies in its speed—an advantage Kiwi players will appreciate if they want to spend more of their time in the games section. Even though there are certain limits on transactions, the transactions are faster and the fees are lower. We’re sure crypto enthusiasts will also appreciate that Litecoin casinos offer a secure environment and the opportunity to enjoy a wide range of casino games.

Alternatives

If Litecoin casinos aren’t quite for your liking, and you’d like to try casinos that favor some crypto alternatives, start looking with our best Ethereum casinos and other crypto options. Bitcoin is the undisputed favorite in any crypto race but could card payments bring something to the offer that crypto lacks? Have a look at our alternatives table and see what might pique your interest:

Ethereum	Bitcoin	Visa/Mastercard
Fast transactions Bitcoin	Accepted at most online casinos	Widely accepted
Widely accepted	Anonymity	Easy to use
Smart contracts provide added security	Higher transaction limits	Consumer protection
Growing ecosystem	Strong security	Chargeback available
Volatility	Transaction speeds slower than Litecoin	Lower level of privacy compared to crypto
Transaction fees can be higher during peak times	Possible high volatility	Slower transactions

Pros and Cons of Litecoin at Online Casinos

With all of the perks that the best LTC casinos provide, it’s no surprise that they’re becoming increasingly popular among New Zealand gamers. From quick deposits to great gaming options, these casinos have a lot to offer.

However, despite these clear advantages, Litecoin casinos are not without drawbacks when it comes to online gambling transactions.

Pros

Instant deposits & withdrawals Anonymous transactions Secure transactions No fees Provably fair gaming

Cons

Not all casinos offer it Volatile price No chargebacks

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Mert

Meet Mert, a slot geek that is eager to test the new releases. He is also an expert on reviewing the best free spins. With his special interest in casino games and his experience in the industry, Mert provides Casino Bee readers with honest and insightful casino & slot reviews.

Litecoin Casino FAQs

Are Litecoin casinos safe and secure?

Yes, casinos that offer Litecoin are generally safe and secure, provided they are properly licensed and regulated. These casinos use advanced encryption technologies to safeguard your personal and financial information. Additionally, Litecoin itself offers robust security features as it is based on blockchain technology, which provides transparency and reduces the risk of fraud.

How fast are withdrawals at Litecoin casinos?

Withdrawals at Litecoin casinos are typically very fast, often among the quickest for any payment method used in online casinos. Since Litecoin transfers are processed on a decentralized network, they don't go through traditional banking checks, which can delay transactions. An average of 50 transactions can be processed per second. The withdrawal process usually takes only a couple of minutes.

Are there any fees for using Litecoin at online casinos?

Most casinos that accept Litecoin do not charge any fees for deposits or withdrawals. However, it's important to note that there may be a minimal network fee associated with Litecoin transfers themselves.

Do Litecoin casinos accept other payment methods?

Yes! casinos with Litecoin also accept a variety of other payment methods. This can include other cryptocurrencies like Bitcoin and Ethereum, and also traditional payment methods like credit and debit cards, e-wallets like PayPal, Skrill, or Neteller, and bank transfers.

Litecoin Casinos

Pros

Cons

Calculate your bonus by selecting your deposit

How to Set Up a Litecoin Account

KYC and Litecoin

Conclusion

Alternatives

Pros and Cons of Litecoin at Online Casinos

Pros

Cons

Litecoin Casino FAQs

Are Litecoin casinos safe and secure?

How fast are withdrawals at Litecoin casinos?

Are there any fees for using Litecoin at online casinos?

Do Litecoin casinos accept other payment methods?

References