New Litecoin Casinos

It’s incredibly safe to use thanks to Blockchain security and you can send Litecoins all over the world, which is why more and more new casinos are accepting Litecoin as a payment method.

Litecoin is one of the many cryptocurrencies available right now, and its popularity as a casino payment provider is increasing rapidly. Topping up your online casino account is really easy with Litecoin and transactions can be completed within a few minutes.

Latest Litecoin Casinos 2024

As cryptocurrencies make their way into the iGaming industry, most new online casinos in the UK and other parts of the world are getting ahead of the curve and are now offering Litecoin as an alternative to more traditional methods, which allows more flexibility and safety for players. Take a look at a full list of the latest Litecoin casinos below:

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Litecoin Short Facts

Currencies LTC
Security Depending on the wallet used for the Litecoin Casino transaction
Transaction time Instant
Min. Transaction Defined by the casino
Deposit Fee Usually no, but some casinos may apply a fee
Withdrawal Fee 0- 0.5%, some casinos may charge their own fees

Using Litecoin at New Online Casinos

Choosing Litecoin at a new online casino makes for fast transactions when compared with other payment methods, meaning you can get on with your gameplay. It’s also incredibly easy to use once you familiarise yourself with the process, and you’ll find plenty of different games to play in Litecoin casinos- meaning more action and choice.

Due to Litecoin being a volatile currency there’s an element of risk involved with using it in a casino. Winnings of £50 on Monday could be worth more on Tuesday due to fluctuations, as what goes up can come down and winnings could also be worth considerably less.

Before starting your Litecoin casino adventure, you’ll need to do a bit of preparation and get a Crypto Wallet to keep your Litecoin’s safe. The good news is that there are plenty of providers online, and signing up with one is easy but make sure that your chosen wallet is accepted at your casino. Once you have set your wallet up, you’ll also need to join up with a Coin Exchange to be able to buy and sell your Litecoins.

How to Deposit with Litecoin?

At this point, we’d advise you to contact customer support before depositing at a new Litecoin casino UK or international, as the process can vary from each casino. Make sure you understand the procedure and query if there are any fees involved or deposit limits you need to be aware of.

Once you have made your first deposit, this will then become easier the next time you deposit.

Funds can be available on your Litecoin casino within a few minutes or they may arrive within the max wait time of 1 day, your chosen casino will then need to process the money which can add extra waiting time, unfortunately.

Quick Litecoin Casino Deposit

  1. Head to the deposit section and select Litecoin
  2. Make a note of the casino’s wallet address as you will need this to send your Litecoin’s to
  3. Write the casino reference number on your deposit, so that they know to allocate the funds to your casino balance
  4. Enter in the amount you wish to deposit and confirm

How to Withdraw with Litecoin?

For your first withdrawal with a Litecoin casino, we would advise you to check with customer support and let them guide you through the process. Similarly to depositing, check how long the withdrawal will take if there are any fees and anything else you may need to know.

Just a Few Easy Steps to Withdraw

  1. Go to the withdrawal section of your Litecoin casino and confirm the crypto wallet, to ensure the casino knows where to send the funds
  2. Enter the withdrawal amount and press confirm

Advantages of Using Litecoin

Playin at a Litecoin casino comes with several advantages when you compare it to more traditional payment methods. Because of the clever use of blockchain technology and safety measures, it provides the following advantages:

  • More coins in existence than Bitcoin
  • Anonymous transactions
  • Decentralised fast currency
  • Potential gains

More coins than Bitcoins

The Litecoin network is scheduled to produce 84 million Litecoins, which is 4 times as many currency units as Bitcoin. Miners are currently awarded 12.5 new Litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).

Anonymous transactions

The very nature of cryptocurrencies already adds a layer of anonymity to all transactions as they do not require any personal information to be verified in the ledgers.

Decentralised fast currency

The Litecoin blockchain is capable of handling a higher transaction volume than Bitcoins. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.

This translates to faster transactions with better safety mechanisms than many traditional payment methods can offer and also it reduces government control over it.

Potential Gains

Just like any other currency exchange, you can see some profit by buying and selling Litecoin in the market like one typically does with stocks or commodities. However, this involves risk to your capital so be very careful with market swings and world events that may affect the value of your Litecoins.

Disadvantages of Using Litecoin

Despite the many advantages of using Litecoin, there are some risks to be considered too.

  • Risk of attacks
  • Acceptance
  • Volatility

Risk of attacks

Despite the blockchain ledgers offering an extremely safe environment for transactions, it is not perfect. Every system connected via to the internet can be hacked in theory, not only that but also fraudulent activities can be fostered under the anonymity layer offered by cryptocurrencies.

Acceptance

Even though Litecoin is more popular than other cryptocurrencies such as Dash or Tether, it is not yet as widely accepted when compared to more traditional payment methods. Many merchants have never heard of Litecoin and not all online casinos accept it as a payment method yet.

Volatility

As a novel and completely digital currency, the market value of Litecoin is not stable and might never be in the way we want. These changes from day to day may discourage users and merchants from transacting in Litecoins, or holding coins after completing a transaction due to fear of potential losses.

How Safe is this Payment Method?

The Litecoin blockchain is a highly secure cryptocurrency storage system and operates as a digital ledger, its technology means transactions cannot be traced back to you as there’s no need to provide your name or any further details- so your transactions remain anonymous forever. This anonymity removes the risk of fraudsters getting hold of your details or any other company tracking your movements.

Even though the blockchain creates a safe and secure system, the environment around this can be flawed and individuals have lost their cryptocurrency from exchange hacks. With this in mind, it can be a risky way to store your funds when compared with a centralised bank with insurances and backups.

The wallet which you choose to use at your latest Litecoin casino can either be a ‘hot’ wallet connected to the internet, or a ‘cold’ wallet not connected to the internet and thus preventing hackers from gaining access to your funds. Research into the best wallet for your needs should be carried out before signing up.

Your chosen wallet will also be encrypted, meaning your account details are incredibly safe and only accessible with your own personal password.

Customer Support

There are many websites out there offering assistance for Litecoin users, but to get the specific help you need with your account you would need to contact your wallet provider.

The main website for Litecoin is: https://litecoin.org/ and there is also a foundation for Litecoin available here: https://litecoin-foundation.org/support/ with a really useful forum and you can also contact Litecoin directly with the email address below.

Don’t forget that your new Litecoin casino customer support can also help you with any queries you may have on using your new payment option.

  • Community Forum at https://litecointalk.io/login
  • Email: contact@litecoin.org

Additional Information About Litecoin

Litecoin was initially created in 2011 by Charlie Lee, an ex-Google employee whose dream was to create a ‘better’ version of Bitcoin, and whilst Litecoin is very similar it does have its own unique benefits. Charlie is extremely active through social media and prides himself on his transparency when it comes to the performance of Litecoin.

Litecoin FAQs

1. Why use Litecoin at new casino sites?

There are many reasons to use Litecoin as a payment method, most already outlined above. The main reason could be anonymity, followed by the speed of transactions and it’s cheaper than Bitcoins in essence.

2. Is it safe to use Litecoin in an online casino?

In most of the cases, it can be extremely safe, provided that you do not share more information than necessary for the transaction, especially with people or even friends, if you take precautions you’ll be safe.

3. Are there fees for using Litecoin?

No, you shouldn’t pay any fees on most casinos for depositing but as a rule of thumb make sure to confirm if your chosen casino charges any fees, especially for withdrawals. Additionally, your chosen digital wallet may or may not charge you to convert your coins into other currencies.

4. Do Litecoin casinos accept other banking methods?

Yes, we haven’t seen any Litecoin casino that does not accept cards, vouchers or other cryptocurrencies.

5. Can I deposit with Litecoin and use another banking method for withdrawals?

Most casinos allow you to change the withdrawal method but it is better to confirm that before you request a withdrawal with their customer support agents or in a FAQ page, if available.

6. What are the best alternatives to Litecoin?

If you want to stick to cryptocurrencies, there are several other options, such as Bitcoin, Ethereum, Monero, Dogecoin, Ripple and Tether, to say a few. You can know more about other alternatives in our crypto casinos page.

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G. H. Moretto is the Editor at New Casinos.com and Nyecasino.org, also an expert in advertising and casino content with a passion for blackjack tables. He has managed research, content writing, translations and holds a degree in Social Communication with honours in Advertising, bringing to the table a decade of experience in the advertising and online gambling industries combined. Moretto was also directly involved in a Child Gambling project in the UK, which was discussed with several MPs to bring forward legislation changes to protect children. He has reviewed thousands of online casinos, slots and casino games and he definitely knows his way around bonuses, payment methods and trends. This casino enthusiast is an Editor at NewCasinos.com on a mission to reveal all the secrets of the industry with in-depth and unbiased reviews. Moretto aims to educate new and seasoned players about the risks and rewards of all new casinos, their bonuses and features to help players make better-informed decisions.
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