Contributing Tennis, Golf, and Soccer Editor
Contributing Tennis, Golf, and Soccer Editor
Welcome to our guide on finding the best Litecoin casino that Canada has to offer. No more wading through the endless pool of options looking for the right site; we are here to help.
In this guide we will show you how you can safely use Litecoin as a payment method with one of the top casino platforms in Canada. In addition to this, we give you ample tips on how to make the most of your Litecoin deposits. Check out the rest of our guide to brush up on your Litecoin casino knowledge.
If you are trying to find the best crypto sports betting or casino platform where you can make quick and easy Litecoin deposits, there are a couple of things you are going to need to keep in mind. The process is not actually all that difficult but we are going to take you through it to make sure that you don’t miss out on any critical information when you do it yourself for the first time:
The first step in the process is going to be finding the best Litecoin casino that suits your needs. In this case, we are only really after having Litecoin as a deposit option. You can use our reviews to help you find the best Litecoin casino sites around. Once you have found a site you are interested in, you’ll need to get the sign-up process started.
Creating your account on these sites is not too much of a pain. All you will need to do is follow a few basic steps where you will enter some information about yourself. Once you have created your account, you will then need to verify your identity with the operator. This will require you to send the operator a copy of your driver’s licence, standard I.D., or your passport. Once they have confirmed your identification, your account will be all set up and ready to go. It’s worth mentioning that the online casino may take a while to verify your identification but if it takes longer than a day or two then you should contact their customer support team.
There is a good chance that you already own Litecoin, but for those of you who don’t own any, you will need to find a reputable crypto exchange where you can purchase some. Once you have found a suitable platform, pay for your Litecoin with fiat currency (or other cryptocurrencies) and place it in a secure hot wallet.
Now head back to the best Litecoin casino that you have selected. You will need to head to the payments page on the site, where you will select Litecoin as your preferred payment method. Enter the amount you wish to deposit and make sure you enter your authentication fee to confirm the transaction. Once you have done that, your Litecoin should show up in your casino gaming account within a few minutes at most. As you can see, the whole process is actually really easy to execute. Litecoin is one of the quickest crypto options you can choose in terms of its processing times.
When it comes to the processing times for your Litecoin deposits, it may vary slightly from operator to operator but in all honesty, it should remain fairly uniform. It takes 2.5 minutes for Litecoin to be added to the blockchain, which means that is how long you can expect to wait for your deposits to go through. In comparison to the 10-minute mining speed for Bitcoin, this is pretty speedy.
The withdrawal speeds you are dealing with on these sites rely a little more on the operators themselves this time. This is because they need to process the transaction as well. It should still be almost instant but if you are delayed by an hour or two, it’s nothing to worry about.
When you use Litecoin as your deposit and withdrawal method with the best crypto online casinos, your transactions will almost always be cleared at their optimal speeds. That is why choosing the right platform is so important.
If you were using a standard PayPal or Skrill account, you would find that the process for verifying your identity would pretty much be the same. However, you are dealing with a cryptocurrency in Litecoin which means that the process is going to be a little different than you are used to (assuming you have never used Litecoin).
As we mentioned earlier, you will need to find a cryptocurrency exchange where you can procure some Litecoin for yourself. Once you have completed the sign-up process on this platform, they too will need you to verify your identity. This is done by sending the operator a copy of your driver’s licence, identification document, or your passport. Once they have confirmed your I.D., you can then start buying Litecoin on the platform. Some crypto exchanges may also ask you to provide them with proof of residence. If this is the case, don’t panic: all you need to do is send them a copy of one of your recent utility bills that is not older than three months.
And that is really all there is to it. The verification process might take a little while on the side of the crypto exchange or even the Litecoin casino that you are using, but most of the time it is completed within the day.
Litecoin was created in 2011 by Charlie Lee, who was a Google employee at the time. It was a Bitcoin fork; Lee wanted to create a similar network but with quicker transaction times.
Since then, Litecoin has rocketed in value, not quite to the same degree as Bitcoin – but in its own right, it has done very well. Unlike Bitcoin, Litecoin has far more to be mined with a total pool of 84 million coins. The idea behind Litecoin was that it would become the crypto you used for everyday transactions like purchasing coffee or your groceries. It has seemingly done well in moving towards that goal, but it has also grown as a strong option for players to use for online casino gaming.
These days, more and more players are using Litecoin casino sites as their go-to option. This is largely because of how speedy the processing times are in contrast to some of the other major cryptocurrencies. It makes it the perfect fit for online casino gaming not only because it offers quick and safe transactions, but also because the value of Litecoin is not quite as pricey as Bitcoin. This means it is a far more attainable cryptocurrency for your average casino gaming fan.
Now comes the interesting part of our guide, putting Litecoin up against some of their competitors. There are plenty of payment methods you can use to fund your online casino gaming, but more people are starting to use cryptocurrencies these days, and for good reason. Aside from the secure and anonymous benefits that Litecoin and other decentralized cryptocurrencies give you, many of them are also extremely speedy when it comes to the processing times of the transactions. Lets see how Litecoin fares against some of its payment competitors:
If you have ever used an ewallet, then you will know that they are very quick when it comes to transaction times. Most of the ewallets used these days are instant for both deposits and withdrawals, whereas Litecoin takes around 2.5 minutes for deposits to clear and can take longer for withdrawals to clear. With that said, ewallets don’t have the same maximum deposit and withdrawal sizes that Litecoin does, at least in terms of the total value. It’s up to you to decide which is more important to you, but in all fairness, both of these options are more than suitable for your online casino gaming needs.
As we have already mentioned, Litecoin takes about 2.5 minutes for your transaction to be added to the blockchain, whereas a major crypto like Bitcoin takes about ten minutes. Ethereum, on the other hand, takes anywhere between five seconds and five minutes. When it comes to choosing what crypto you want to use for your online casino gaming, you may be tempted by some Bitcoin casino free spins, but it’s important to think about the value each of the cryptos hold and which one of these currencies is going to be more feasible for you to use for online casino gambling.
This is a fairly easy one in our eyes but plenty of casino gamblers still prefer holding to the old ways of bank transfers and that is completely fine. Bank transfers can take quite a while to clear though, as players have been known to wait anywhere between two and seven days. Naturally, Litecoin is much quicker, with its 2.5-minute waiting time.
There are a number of things that you can learn about Litecoin casinos, just as you can about a Bitcoin live casino. However, we have boiled them down to three key facts that you should always keep in mind when you are making Litecoin deposits on these sites. Here are a few key facts about Litecoin that you should keep in mind when signing up to an online crypto casino:
Even though you are able to transfer Litecoin to your online casino, you should still be keeping most of it in a safe and secure hot wallet, or even better in cold wallet storage. You will need to pay a fee to use these services or to own a cold wallet, but trust us when we say that it is most certainly worth it. When it comes to using cryptocurrencies, nothing is more important than remembering your keys and keeping your coins in safe storage.
Whether you are using the best Litecoin casinos or the best Ethereum online casinos, it’s important to keep your investment to a minimum. It’s not that you can’t trust these online casinos, but your coins are certainly better protected when they are in cold wallet or hot wallet storage. So, we recommend that you only deposit what you are actually going to play with in the short term.
Following on from our previous point, try to start small with your casino bets when you are using an online Litecoin casino. It’s a really good idea to try and build on your initial deposit rather than gamble it away. When you have built up enough of a bankroll, you can set yourself a new budget and withdraw some of your winnings into hot wallet storage.
Litecoin is an exciting cryptocurrency that gives users a speedy way to execute transactions with their casino betting sites. With a 2.5 minute waiting time for the transaction to be added to the blockchain, Litecoin is one of the fastest cryptocurrency options you can choose.
Knowing that Litecoin is a great deposit option is one thing, but you need to find the right platform that matches its quality. Hopefully, now you can see how easy it is to find the right betting site. All it takes is a bit of time on our platform to see what reviews match your Litecoin casino gaming needs.
Just like any online casino in the world, players are still going to be asking whether or not these Litecoin casinos are safe to use. This is a completely fair question, especially considering that most people are still fairly unfamiliar with the concept of cryptocurrencies as a whole. Well, our guide to finding the best Litecoin casino will shed some light on the matter for you by giving you tips on how to ensure that you have a safe casino gambling experience on these sites.
There is going to be a plentiful supply of Litecoin casinos for you to choose from and this can be a little overwhelming at first. Thankfully for you, we have compiled our guide to help you navigate these sites and come out knowing exactly which one is going to suit you best. Check out our guide to learn more about how you can know for sure which platform is currently considered to be the best Litecoin casino in Canada.
Welcome bonuses are a great way to not only boost your initial deposits with the best Litecoin casino but to also give you more room to find out what the site is all about. We review tons of bonus offers on these sites and they are all available on our platform. Check out our guide to finding the best Litecoin casino, where we show you what we look for in the best bonus offers on these sites and what sets the best offers apart from average ones.
Most of the best Dogecoin online casinos and the best Litecoin betting sites will have multiple payment methods available for you to choose from. However, not all of these sites will offer you the same kind of range. As such, our guide will help you to find a platform that offers you the best range of payment methods right now.
Creating an account with the best Litecoin casino may not always be the exact same for every platform. This means that you may run into different steps on different sites. This might seem like a daunting prospect but it doesn’t have to be when you have our guide by your side. We can help you navigate the different sites and their account creation steps with ease. Simply check out our guide to see how you can always make sure that you get your account set up in the correct way.