This is how Litecoin works in online casinos
The basic requirement for depositing in the casinos with LTC is, of course, to be the owner of the cryptocurrency. Various wallets are also suitable as a swap exchange. For example, any euro amount can be converted into Litecoins on Bitpanda.
Here are all the steps in brief:
- After registering in the casino, you have to open the cash register
- Select Litecoin as payment method
- Enter amount that corresponds to the defined limits
- Click continue - a new wallet address will be generated automatically
- Log in to your personal LTC wallet
- Enter the address and confirm the transaction
- Go back to the casino, you should now be credited
There are sometimes very few online casinos that allow direct transfer of Litecoins, including 20Bet Casino or Playamo, to name just a few. In most cases, the path leads via the unique address generated by the company, which is also only valid once. This allows the booking to be precisely traced and the amount to be correctly assigned to a player.
Tips & Tricks for paying with Litecoins
Wallet iconThe most important thing is to deal with the offered wallets before choosing the crypto casino. Not every one is equally good. This becomes particularly clear with a view to the already mentioned fees for an exchange. After opening a personal account, customers can deposit in most real money currencies.
How high the costs are can vary significantly depending on the wallet. It makes a difference whether the exchange is 10 or 20 percent, so it is advisable to close the comparison beforehand and ask support if necessary.
It is also worth keeping an eye on the value of the LTC. If you plan to play with Litecoins in the online casino, you should at best buy some when the price is down. As already explained, the fluctuations are hardly as dramatic as they were at the beginning of the market launch. Nevertheless, every euro difference can be decisive, especially with a larger investment in LTC.
Is the Litecoin deposit subject to a fee?
There are actually no costs in most crypto casinos. At least the best providers in the industry carry out bookings in both directions free of charge. The exchange of euros into LTC, on the other hand, is subject to a fee. The amount of the fees depends on several factors and should definitely be taken into account.
In the test, an amount of money of 50 euros turned into an LTC equivalent, which was only around 40 euros. Especially if larger deposits are planned in the Litecoin Casino, you should look for crypto exchanges that offer the fairest possible conditions and ideally keep the exchange fees low.
Is there a Litecoin bonus at the casino?
It all depends on which Mobile online casino you choose. Some providers exclude different payment methods. The best known are Neteller, Skrill and sometimes also the newer Jeton. It can also happen that transactions with Litecoin do not entitle you to a bonus credit.
checked iconExceptions confirm this rule. If you opt for companies like Lucky Days, for example, you will definitely benefit from a welcome offer - even if the deposit is made by LTC.