Litecoin Betting Sites

Benefits of Choosing Litecoin as Your Preferred Betting Payment Method

Litecoin is not as popular or well-known as the coin that probably inspired its creation, Bitcoin, and it’s more volatile in price. However, it does have its benefits, like most cryptocurrencies, which is why many crypto enthusiasts use it, some of them even for sports betting.

The number of betting sites that accept Litecoin is increasing constantly, and those are sites that carry a licence that allows them to accept cryptocurrencies as payment options. These are some of the main benefits of using Litecoin as a betting deposit method:

• Anonymous payments: Using cryptocurrency as a payment method means that you don’t need to share any of your financial information with the operator. Making a payment from your crypto wallet also doesn’t require sharing any additional personal information.
• Security: All crypto payments are heavily encrypted, which adds an additional level of security to payments made with Litecoin.
• Fast transactions: Since they don’t require additional checks and authorisations, crypto payments are fast and almost instantaneous. Once the sportsbook approves the transaction, the payment should go through quickly.
• Low transaction fees (if any): There shouldn’t be any transaction fees when making Litecoin payments unless the operator charges a small fee for processing the request, typically with withdrawals.

How to Make a Deposit for Betting With Litecoin

Before you make a deposit using Litecoin, you should have the coins in your crypto wallet. If you don’t have a wallet, you’ll need to set it up because it’s where you store all your digital currencies and what you use to make payments. 

Some operators allow you to purchase crypto through their website, and it’s usually through an intermediary, so beware that there could be additional charges. 

Here’s how to make a deposit using cryptocurrencies at Litecoin sports betting sites:

• Head to your user profile or the cashier, and find the option to make a deposit
• Choose Litecoin as your preferred payment method and enter the amount you wish to deposit. If you are claiming a welcome bonus, make sure that your deposit qualifies for the promotion.
• Copy the wallet address you need to make the payment.
• Confirm the transaction and enjoy betting on your favourite sports and markets.

How We Choose the Best Litecoin Betting Sites

Before proceeding to review a sports betting site and post it here, we first make sure that the operator is licensed and secure to ensure our players’ safety. The next step is to look at all the aspects bettors look into when choosing new sports betting sites.

Here are some of the most important factors we review when choosing the best Litecoin betting sites:

Welcome Bonuses and Other Promotions

Bettors are often attracted to a new betting site because of the welcome bonus it offers to new customers and other promotions they can benefit from in the future. We appreciate it when an operator has a good welcome offer that bettors using Litecoin can claim. Other bonuses include cashback, referral bonuses and special sports-related promotions, to name a few.

Number of Available Sports and Betting Markets

Even though most bettors have their favourite sports and don’t sign up with sportsbooks that don’t offer them, it’s still good to have a variety of sports available, especially because of the seasonality of some sports. This is true for both esports and regular sports. 

The best Litecoin sports betting sites should also provide an abundance of betting markets bettors can choose from when betting on their favourite sports. That’s often the case with football when operators sometimes offer over 10,000 markets per match in the most popular leagues.

Odds Quality

If a sportsbook constantly offers odds that are lower than the industry average, bettors will notice and look for other sports betting sites for better odds. We like to point out when a sportsbook offers good odds to its customers because it brings value in the long run.

Deposits and Withdrawals

It is clear that Litecoin betting sites accept Litecoin as a payment method, but we also check the minimum deposit and withdrawal, as well as the maximum withdrawal limits. Some sportsbooks only allow withdrawals on work days, while some charge transaction fees and take time to process transactions. We look into all this for you and ensure you get all this information.

Customer Support and User Experience

The fastest and most convenient way to get in touch with customer support is through live chat, especially when support is available 24/7. We test the customer service agents’ responsiveness and ability to assist with potential problems when reviewing sportsbooks and include impressions in our sportsbook reviews.

Helpful customer support, easy website navigation and access to information are all aspects of a good user experience.

Disadvantages of Betting Sites With Litecoin

If you are not a crypto enthusiast, betting with Litecoin probably sounds like too much of a hassle. And the truth is, there are certain downsides when it comes to betting at Litecoin sports betting sites, much like with any other crypto or fiat payment method.

Here are some disadvantages you should consider before signing up with betting sites that accept Litecoin:

• Some promotions might not be available: The operators restrict certain bonuses, including welcome offers, to fiat payment methods, so you might not be able to claim them when depositing with Litecoin. Read the terms and conditions first to avoid any surprises later.
• The minimum deposit is sometimes higher for crypto: Some sportsbooks require a higher minimum deposit when using cryptocurrencies, but you should be able to find that information before making your first deposit.
• Challenging to fix potential withdrawal issues: Crypto payments are encrypted and anonymous, so any issues you potentially encounter could prove more difficult to solve than if the payment was made using a fiat method.

Most Important Things to Remember When Betting with Litecoin

Even though cryptocurrencies are becoming more widely used in the sports betting industry, they are still banned in certain jurisdictions and by some regulators. So, your first step should be to check which sports betting sites accept Litecoin before looking into other factors.

If Litecoin is your preferred payment method, then you probably already have it in your crypto wallet, but if you don’t, some bookmakers allow you to purchase it through their websites. Be careful with all transactions because fraudsters often target crypto users.

You also know that cryptocurrencies are typically volatile. Litecoin is known for its high volatility, so keep an eye on its value before making your deposits, as it can fluctuate on a daily basis.

Betting with Litecoin withdrawal is also an option because most operators allow you to withdraw with Litecoin after you have previously made a deposit with it.

And remember that you don’t need to go around and search for Litecoin betting sites. They are listed on this page for your convenience, and we have reviewed and rated them so you have all the information you need to start your next betting journey.