Litecoin Casinos

The Best Litecoin Casinos

At first, it can be hard to navigate around the cryptocurrency space and especially finding a good and trustworthy casino. Luckily, we have tested out a bunch for you so that you won’t have to. We here at HotCryptoCasinos are all seasoned gamblers, with tons of experience ranking online casinos. When we review a casino, it is important to us that we receive the exact same gambling experience as our readers. That’s why we anonymously sign up, make a deposit, and try out the casino ourselves before we write anything about it. Sadly, this space is filled with undisclosed ads as reviews, with affiliate sites being paid to shill their casino with a better ranking. That’s something we would never do.
Let’s take a look at a few key factors we examine when ranking an online Litecoin Casino.

Reputation

One of the most important things when you are out scouting for new Litecoin Casinos, or crypto casinos in general, is keeping an eye out on their reputation amongst other players. When gamblers are treated badly, they are often happy to share their experience with others. In other words, one of the first things we check out before we enter an online Litecoin Casino is user-reviews. This gets us a bit of insight into what we can expect, and the things to look out for. We have tons of hand-crafted reviews you can read through in order to get a better perspective on the different options out there. We’ve also created a ranked list with the ones we think deliver the best gambling experience.

Bonuses and Promotions

Something that is important to many players, including us, is the bonuses and promotions a casino offers their players. Casino bonuses and promotions is common marketing practice within the gambling market. Since a lot of players love playing with bonuses, be it for the possibility to bet a bit higher or simply extend their gambling session, we put a lot of consideration into how good the offers available really are.

Many of us gamblers know not to trust the casinos words alone, but look for what they actually deliver. This is important when looking for a bonus to use. Some offers shown online are simply marketing tricks that are heavily restricted in the terms and conditions behind the bonus. It can be anything from a max cashout limit or unreasonable wager requirements. When we rank a casino, we make a controlled check on all the bonuses terms and conditions, to make sure nothing shady is happening.

It’s worth noting that Litecoin Casinos, and crypto casinos in general, often have better offers than the ones available on traditional fiat casinos. The cryptocurrency gambling market is still new, and there’s tons of money floating around. Casinos are competing in order to claim as many players as possible, and we are here to reap the rewards.

Safety, Licensing and Security

As mentioned, cryptocurrency casinos are still relatively new to the market, especially those accepting different coins from Bitcoin. Being based on the blockchain, litecoin casinos are considered to be way safer and secure than a regular casino. While this is true, there are still bad actors out there trying to take all your money. In the cryptocurrency scene in general, there are tons of scammers everywhere you look. Always be very careful of what you share with other people, and never approve or send anything to random people.

In order for a litecoin casino to gain the base-level of trust, it needs to have a licence distributed by a legitimate gambling authority. This is very important, since a gambling authority helps provide responsibility and is someone you can turn to if things were to go south. When an online casino operates beneath a gambling license, there are tons of requirements and rules to follow. This helps set up a baseline of fairness and trust.

Of course, how the casino handles your personal data and account details are also very important. When we do our analysis, it’s a requirement for the casino to have encrypted everything with at least SSL 128-bit encryption, which is the industry standard. It’s also important how the cashier works, and if there are additional security measures like a two factor authentication.

Accepted Payment Methods

Another important thing we look at when we do our analysis is the cashier. We’d like to see multiple different options for both deposits and withdrawals, including in the form of different cryptocurrencies. Many of the Litecoin Casinos we cover on this page has multiple coins available for deposit and withdrawal. The most common ones are obviously Bitcoin and Ethereum, but Litecoin is becoming more and more popular.

Litecoin Casino Bonus

As Litecoin has been growing steadily for the past 10 years, the currency has been successful in its journey to become one of the most used cryptocurrencies for digital value transactions. Gambling sites and casinos were of course ahead of the curve with accepting the so-called “Digital Silver” as a means of deposit.

Many of you already know how the crypto gambling scene has a very generous supply of bonuses and rewards for the players. When playing on Litecoin Casinos you can expect to get a portion of your losses or wagers straight back into your account, thanks to the cashback system found on most sites. Of course you can also expect to be offered large deposit bonuses or free spins when you deposit with Litecoin.

Before you go ahead and start playing with the attractive offers, you should always take a look at the bonus terms and rules. Some sites can have odd terms which you don’t necessarily agree with, like a max cashout. To avoid this it’s good to have a general rule of always skimming through the conditions to the bonus you are using.

Different types of bonuses

You will quickly realize that there are tons of different types of bonuses out there. Some will give you extra cash to play with, while others will give you tons of free-spins. Let’s go over the different forms a crypto casino bonus can come in!

Matching Bonus

The matching bonus, or matching deposit bonus, is the most common offer you’ll encounter on online casinos. A matching deposit bonus will match your deposit with bonus cash, up to a certain percentage of your deposit. The exact percentage varies heavily, but usually stays within the range of 100-500%. If you were to deposit $100 with a bonus of 100% up to $500, you would get a total of $200 to play with.

No-Deposit Bonus

A No-deposit bonus is one of the most sought after offers on the market. As the name hints, you do not need to make a deposit in order to get this bonus. Instead, you will be given a set amount of cash to play with, and try out the casino. Since this is a bonus meant for getting new players to try out the casino, it is often offered by new casinos.

Wager-free bonuses

The Wager-free bonuses are also heavily demanded from players. Normally when you use a bonus you’d have to wager it a certain amount of times to be able to withdraw. With a wager-free bonus, you don’t need to wager anything except your initial deposit. It’s very rare to come across, and you should consider yourself lucky if you get your hands on one.

Free Spins

One of the most classic offers given to players is free spins. Here, the casino will give you a set amount of spins on a selected game. In some cases, you get to choose between a lineup of games, or from a specific provider. It’s good to know that the wager requirements for free-spins is calculated on the actual winnings from the spins. In other words, if you were to win $10 after your spins are over, you’d have to wager $10 times the wager requirement. All winnings after your initial $10 will only help you to overcome the requirement.

Reload Bonuses

Reload bonuses are very common for a casino to offer their active players. They work in exactly the same way as a matching deposit bonus, but usually with a lower bonus percentage.

Benefits of playing on Litecoin Casinos

There are many benefits to gambling with cryptocurrency instead of traditional fiat. Let’s go over some of the advantages and disadvantages to gambling with crypto.

Speed and low cost

Making a transaction on the blockchain is extremely simple and effective. When you are playing with Litecoin on a litecoin casino, your deposits and withdrawals will be near instant. What’s more is that the fee is almost non-existent!

Security

Using cryptocurrencies and blockchain is the safest way to handle your assets. All transactions on the blockchain gets immutably recorded, and there is no possibility of tampering with the records. In other words, misinformation does not exist on the blockchain ledger.

With unbeatable security comes responsibility. You are responsible for the funds in your wallet, and who has access to them. Store your passwords and seed phrases somewhere safe and private. Do not let anyone get access to your private keys or seed phrase.

Anonymity

You do not have to disclose any form of personal information in order to use the blockchain. The only information given to the casino is your wallet address, which can only be used to send funds to you. Since some casinos do not require their users to undergo KYC, you can remain anonymous if that is preferred. This means that there is no way your personal data will be shared or leaked, considering there is none to begin with.

Bonuses and Promotions

The types of bonuses and promotions you get from a casino is important to many gamblers out there. Bonuses can be used to extend your gambling session, or allow you to play with higher stakes. When it comes to Litecoin casinos, and crypto casinos in general, you will find that most of the offers and promotions here are absolutely wild! If you were to compare crypto casinos and traditional ones, you’d find that crypto casinos are more generous with their offers. As an example, a lot of sites have a permanent cashback function activated, where all their players get back 10-20% of their losses or wagers. Together with tons of lucrative deposit bonuses we would consider Litecoin Casinos a dream come true for bonus lovers.

Decentralized

One of the best benefits with a lot of cryptocurrencies, including Litecoin, is the fact that they are decentralized. This means that there is no centralized entity that has more control over the network or your own funds than you do. As an example, the government or your bank is a centralized entity with control over your funds. When you use Litecoin, you can maintain your identity and privacy, and noone can block or freeze your assets. You no longer need to rely on a centralized entity to do things for you, like processing your transactions.

Disadvantages

There is always some type of disadvantage when there are tons of benefits to something. The first thing we will mention is the limited support. If you were to send funds to the wrong address, or lose access to your funds, you will pretty much be on your own. It is your responsibility that this doesn’t happen, and if something else were to happen it will most likely remain unsolved. Of course, there is limited support to be had from your wallet provider or the casino in question, but most of the time you will come up empty handed.

Inherent Volatility

The main function that a lot of people think of as a disadvantage is the inherent volatility. The price of your assets may fluctuate heavily depending on the market. This may go up or down, but most people that use cryptocurrencies agree on the overall trend being upwards because of things such as a limited supply of coins existing.

Complicated for new users

The last disadvantage to cryptocurrencies is that it might be a bit complicated to get started. When you get a wallet and some coins to play around with, you will quickly notice the simplicity in it!

Litecoin Casinos – Dapps

Beside the regular way of gambling through traditional casinos that work the same way as usual, there is an option to gamble via Dapps with cryptocurrency. Since the concept is still very new, there are a limited number of Dapps available to gamble on with Litecoin. One of those is Earnbet, who claims to be the very first decentralized casino. This means that no central entity is in control of the project. Instead, 100% of the house profit is consistently paid out to the holders of their BET token. For every bet placed, you receive some BET tokens.

When you play on Dapps, make sure they have provably fair betting. This ensures fairness. What’s great about Dapps is that everything works via the blockchain, which means everything is also stored on the public ledger. You can usually find classic games like Dice, Blackjack, Baccarat, Crash, Roulette and much more. However, you wont find your classic slot machines or live casinos here. Most Dapps casinos have some sort of jackpot game as well, for those wanting to hunt the big wins.

Litecoin Casinos – Deposits and Withdrawals

Litecoin transactions are lightning-fast, which means that you can expect seamless deposits and withdrawals as long as the casino you choose processes payments consistently.

For some Litecoin Casinos you will have to complete KYC in order to make your first withdrawal.This usually take 1-3 days. However, there are multiple sites that usually don’t require KYC. This opens up to gambling anonymously, for those of you that don’t want your identity tied to your crypto address in some way. Another way to sidestep linking your identity to your main wallet is creating an intermediary wallet to use only for gambling. This makes everything easier to track as well.

If you want guaranteed instant withdrawals we would recommend trying out a Dapp casino. Here you won’t ever need to complete KYC.

Litecoin Wallet

The absolute first thing you should do when you first get involved with Litecoin or crypto, is getting your own private wallet. There is a wide variety of wallets to choose from, and most of the wallets out there supports Litecoin. There is, however, some things that are good to keep in mind if this is your first and only cryptocurrency wallet. The first thing you should consider when choosing your wallet is if it has two factor authentication. This step alone would deter the majority of hackers out there since it would be practically impossible for them to steal your funds without your phone.

The second thing you have to remember is safeguarding your private keys or seed phrase. This is a combination of words that can be used to gain full access of the wallet. Because of this, it is heavily recommended to keep it somewhere safe and private. Do not tell anyone what your keys are, and never give them out in any circumstance. There are lots of scams and phising attempts on getting others private keys.