How to Deposit and Withdraw with Litecoin at Australian Online Casinos
Are you interested in online gambling using cryptocurrencies? Then Litecoin casinos are the place to go. This detailed review will help you to learn everything you need to know about the crypto gambling experience using Litecoin as a payment method.
Litecoin Casinos Overview
Litecoin is the first alternative cryptocurrency to use a modified version of the Bitcoin open-source code. Litecoin resembles Bitcoin, but Litecoin transactions are faster. Moreover, Litecoin uses algorithms that consume fewer resources. Consumers widely use Litecoin as a payment option, and this article guides Aussies who want to use it at Australian online casinos.
Litecoin gambling has become one of the most convenient ways of playing online casino games. More and more gambling sites accept Litecoin payments and allow you to play casino classics or new games using this cryptocurrency.
Why Choose Litecoin Online Casino
While there are many payment options out there in the online casino industry, Litecoin casinos might be more preferred than the others, and there are several reasons for that. To get you to know all the wonderful things that Litecoin gambling has to offer, we present you with this detailed analysis of all the good points that might make you choose Litecoin gambling sites.
Litecoin is often called Bitcoin’s "lite" version. Launched in October 2011 by former Google engineer Charles Lee, Litecoin comes from the Bitcoin open-source code. However, it has a faster rate of block generation and uses Scrypt for mining. Lee developed Litecoin to improve certain aspects of Bitcoin. That is why Litecoin gambling is not only faster but is also more convenient in many other aspects.
As a currency, Litecoin is decentralised. So, what is so good about it? It means that no government or financial institution controls Litecoin, making it the ideal casino payment method for players residing in grey jurisdictions like Australia.
Online gambling with Litecoin is unique, as there is a limited number of currency items in use. The number of Litecoins in circulation is capped at 84 million.
Litecoin casinos use the Scrypt algorithm for the transactions which are made with this currency. As Litecoin secures its network with the Scrypt algorithm, it does not require too many resources. It makes Litecoin gambling much quicker and easier for the LTC casinos to process.
Litecoin transactions are faster than Bitcoin and require either nominal or zero fees. Usually, the gas fee for the payments in Litecoin casinos is $0.0024, which is a lot smaller than fees for Bitcoin transactions.
Litecoin can also be used as a peer-to-peer payment method. Use Litecoin to make and receive payments without any intermediary. No need to convert the cryptocurrency or run it through some kind of processor. The transactions are direct and free of any third parties.
Top-3 Best Litecoin Casinos for Aussies
There are plenty of Litecoin casinos out there. But, of course, people who value a good gambling experience wish to know about all the best. That is why we suggest you take a look at our list of top Litecoin casinos that have a generous welcome bonus and offer you to play casino games of the highest quality.
1 - Rocket Casino
The first on our list is the Rocket Casino. While accepting many traditional payment methods, Rocket Casino offers its players a lot of modern payment solutions as well. One of them is Litecoin. At this provider of casino games, you can deposit and withdraw Litecoin payments instantly. The minimum deposit and withdrawal amount is 0.01 LTC.
Rocket Casino has a lot to offer. Starting from various bonuses and promotions and ending with an impressive variety of casino games, this Litecoin casino has everything you need for the most exciting and rewarding experience of gambling.
The welcome bonus at Rocket Casino is a 100% bonus of up to 500 AUD and 50 Free Spins. The minimum deposit required is 10 AUD, but to receive the bonus, you need to put in at least 20 AUD. The wagering requirement at this online gambling platform is x45.
2 - Uptown Pokies
The next position of our list of best Litecoin casinos is taken by the Uptown Pokies. Along with the e-wallet payments, bank transfers, and other types of online gambling payment methods, this casino has Litecoin for you to use in playing slot games. To deposit Litecoin, you have to pay more than 25 AUD and less than 2500 AUD. Luckily, the casino accepts Litecoin and allows you to withdraw it from winnings instantly.
Uptown Pokies is a Litecoin casino that has a lot of entertaining online games. You can try out popular table games, video poker, or even roulette games. Of course, let's not forget about the most obvious type of casino games after which the casino was named — online slots. These Litecoin slots are exceptional, and everyone should try them.
As an LTC casino, Uptown Pokies offers its new players a welcome bonus of 250% match up to 500 AUD and 50 free spins. To get the bonus, you have to make a minimum deposit of 20 AUD and use the code POKIES1 for the activation. The wagering requirement at one of the best Litecoin casinos is x35.
3 - Cobra Casino
Last but not least, we have Cobra Casino. It is one of the top Litecoin casinos that is cryptocurrency-friendly and has a lot of other payment methods along with Litecoin. Casino deposits and withdrawals here have their limits, as in other crypto casinos. Your Litecoin betting can start from the minimum deposit of 0.01 LTC. As for withdrawals, at this Litecoin casino, you can withdraw as little as 0.01 LTC and as much as 8 LTC. What is more, you can gamble online with Litecoin without any waiting as all the transactions are instant.
Being the best Litecoin casino, Cobra makes a lot of casino games players happy with the great choice of online gambling opportunities. At this LTC casino, you can try out Litecoin roulette, bingo, Litecoin poker, Litecoin blackjack, and many other fun casino games. Do not miss the chance to win some deposit bonuses as well.
Speaking of bonuses, Cobra Casino offers one of the most generous welcome bonuses that are bigger than in most casinos in the industry. The welcome bonus at this LTC casino is 100% match up to 750 AUD and 250 free spins. To get the first deposit bonus, you should deposit at least 30 AUD and enter the code COBRA100 or CRYPTOCOBRA, depending on your deposit solution. Cobra Casino has a wagering requirement of x40.
Looking at the Litecoin casinos listed, you can say that it is not only easy but also rewarding and entertaining to play in places that accept Litecoin. Choose one of the Litecoin casinos presented and we guarantee you the best experience of playing Litecoin games.
How to Pick the Best Litecoin Online Casino?
To deposit and withdraw with Litecoin at an Australian online casino, you have to first set up a gaming account at an Australia-facing Litecoin casino for real money. As much as setting a casino account might not be a big problem, a choice of the best Litecoin casino that has all the parameters for a good gambling time might appear challenging.
To choose the best Litecoin casino you can take a look at our list that has been previously described in this review. However, if you want to go and search for a Litecoin casino yourself, you can refer to our list of criteria that should be considered crucial in choosing the best LTC casinos.
Rest assured that we do not pick Litecoin casinos at random. Instead, we test them for several criteria, as follows, before recommending them to Australian online casino players:
- Licensed & Well-regulated: We list Litecoin online casinos that operate on valid Internet gaming licenses granted in reputed gambling jurisdictions.
- Safe & Secure: Our recommended online casinos implement the latest digital encryption, anti-fraud, and anti-money laundering measures to maintain a safe and secure online casino gaming environment.
- Responsible Gambling: Our listed Litecoin online casinos support responsible gambling and offer player protection tools to help you gamble within your bankroll limits.
- Fast withdrawals: We recommend online casinos that process payouts fast or even instantly.
- Multi-vendor Games: Most of the online casinos on our list offer thousands of games from multiple software providers.
As you can see, it is better to choose licensed casinos that have a good variety of software providers that create casino games. It might also be useful to take a look at Litecoin casino reviews, Litecoin casino bonuses, and Litecoin casino offers in terms of promotions and specialty programs.
Pros & Cons of Litecoin Online Casino
There is nothing perfect in our world. The same goes for most online casinos. This review cannot be fully honest if we do not mention both its good and bad sides. If you are unfamiliar with what Litecoin casinos offer, it is better to take a look at our lists of pros and cons of this payment method.
Remember that everything is personally suitable and what might not be a big problem for some, might be unacceptable for others. Once you decide what your priorities are, you can safely choose or refuse the Litecoin payment option.
Let's start with the good things. Why are Litecoin casinos so popular, and what do people love about this particular payment method? Well, there are plenty of advantages waiting for you at a Litecoin gambling site.
Here are some of the pros that you might enjoy when making deposits and withdrawals using Litecoin:
- Litecoin transactions are faster than Bitcoin transactions.
- You can fund your account and cash out winnings without revealing financial details to the online casinos.
- Litecoin deposits and withdrawals are free at Litecoin online casinos.
- You don't have to pay taxes on your Litecoin winnings.
- Using Litecoin is safe and secure.
- You can enjoy bigger welcome bonuses and other types of rewards.
- Crypto transaction fees are much smaller than for other cryptocurrencies.
- Transparent operations and their history is saved on the blockchain.
- A great currency for investments, as its popularity grows over the years.
It is obvious that Litecoin casinos offer plenty of pleasant benefits that are not only rewarding but also very attractive for their convenience and accessibility.
Benefits of Paying by Bitcoin in Online Casinos in Australia
Many lovers of the most famous cryptocurrency, Bitcoin, might be confused as to why we need a simpler version of it in the form of Litecoin. While being faster to process and cheaper in terms of fees and charges, Litecoin still loses to Bitcoin by some points.
First of all, as much as Litecoin casinos have become popular, there are still plenty of gambling platforms that do not accept Litecoin. A Bitcoin casino, however, has become quite a common occurrence in the gambling industry.
Second of all, while Litecoin casinos are considered safe enough, they are still not as safe as the Bitcoin casino platforms. All of this is due to the differences in the algorithms. Litecoin has a simpler version of it, which results in rapidity but not in the same level of security as the Bitcoin transactions have.
Thus, there are still some reasons to use Bitcoin instead of Litecoin. However, the decision would be made based on what is more important to you: quick and cheap processing or safety of transactions and data.
As we have already mentioned, no review can be considered a full one without mentioning the disadvantages. If you are still getting acquainted with the Litecoin casinos, it is better to keep in mind these things as well, instead of only focusing on all the benefits and advantages.
Be aware, most Litecoin casinos might have the following list of cons that might make your gambling experience not as pleasant and smooth as you wish:
- The volatility of Litecoin may change the value of Litecoin casino winnings over time.
- The decentralized nature of Litecoin encourages crypto-only online casinos to operate without a license.
- Many Australian online casinos do not offer Litecoin as a payment option.
- Many casino players are not comfortable with using Litecoin.
- Some online casinos might request only fiat currency. You will have to exchange the cryptocurrency using the crypto wallet or the exchange point at the casino itself, which might be unbeneficial.
There are not too many disadvantages of Litecoin as a payment method. However, it is good to know them in advance to be prepared for any outcome of events. In comparison with Litecoin's advantages, this list is not as long, meaning there are rather more good sides than the bad ones, which is great.
How Does a Litecoin Work
As you probably already know, Litecoin is a cryptocurrency, and all cryptocurrencies work on the basis of a blockchain. This crypto money does not have any physical form and they exist only digitally. Litecoin can be used not only in standard casino games but also in sports betting using Litecoin sportsbook or even in Litecoin lottery.
Litecoin, or LTC, as any other currency has a varying cost that might increase or decrease over time. Ever since 2017, Litecoin has been growing steadily in its price, which does not disappoint its loyal users.
Making Litecoin deposits is fast and easy, and even a person with no previous experience of using Litecoin or any other cryptocurrency can figure it out. First, you have to obtain a Litecoin crypto wallet. It will store all the Litecoin you will buy or get as winnings from online casinos. You can purchase Litecoins with fiat currency at any cryptocurrency exchange and use them to fund your Litecoin wallet. Your Litecoin wallet is now ready for use.
Once this is done, you can deposit money to the Litecoin casino of your choice. The cryptocurrency will be available for the payments, and after winning some money you can easily withdraw it in Litecoin right back at your crypto wallet.
Note that transactions of cryptocurrency might require you to pay some fee to the blockchain processing. This is not the fee that is taken by an online casino or by the exchanger of currencies. It is paid to the blockchain for the use of their platform to transfer your money.
How to Play at Litecoin Online Casinos
Litecoin casinos are a relatively new phenomenon in the gambling world. Many players still do not know how casino games that are played using cryptocurrencies function. That is why we are here to explain to you everything there is to know about the newest Litecoin casinos.
First of all, you can create an account at any of our recommended Litecoin online casinos for Aussie players. Click on the Deposit button and choose Litecoin from the list of deposit methods on your screen. Then you will receive the online casino's Litecoin wallet address. You should transfer Litecoins from your Litecoin wallet to the online casino's Litecoin wallet. The Litecoins will soon appear in your account in the online casino's internal operating currency. You can now play online casino games for real money.
Using Litecoin as a withdrawal method is just as easy as using it for deposits. If you received a bonus, satisfy its wagering requirements before cashing out your winnings. There might also be a requirement to verify your online casino account, but not every casino that accepts Litecoin has this rule.
The next step is to click on "Withdraw" and select Litecoin as your cashout option. Copy and paste your Litecoin wallet address in the relevant field. Once this is done, your winnings will hit your Litecoin wallet in 0 - 24 hours. Moreover, you can use Bank Transfer to withdraw the money you have won to your bank account in fiat currencies.
When you properly learn how to make deposits and withdrawals using Litecoin, the only thing left is choosing your favorite casino game and enjoying it. Many Litecoin casinos have a great choice of options for any type of player, starting with newbies and ending with experienced gamblers. Find something you like and start playing casino games at Litecoin casinos.
Litecoin Online Casino Bonuses and Free Spins
Although we have not come across any Litecoin online casinos giving away exclusive bonuses to players who deposit with Litecoin, there are still some rewards to enjoy. If you choose Litecoin as a preferred banking method, you are eligible to receive any bonus at the Litecoin online casinos. Any casino bonus available at the casino of your choice can be accessed even if you pay in Litecoin.
The no-deposit bonus might be one of the most preferred Litecoin casino bonuses out there. Litecoin online casinos welcome players who have just signed up with no-deposit free spins bonuses or no-deposit cash bonuses. You do not have to put out any money in order to receive this reward and that is what is so good about it.
Any Litecoin casino will offer you some welcome bonus. There might even be several of them, which can be accessed for the first, second, third, etc. deposit. Receive deposit match bonuses with free spins on your first few deposits and get to enjoy all the goods.
There is also such a thing as reload bonuses. One can get a chance to receive a bonus for the second time without having to do much. Receive match bonuses on your deposits whenever you top up your account.
Moreover, Litecoin online casinos give away weekly and weekend bonuses on qualifying deposits. Sometimes, these bonuses include free spins as well. There are also game-specific bonuses that you can exclusively use on games like pokies, blackjack, roulette, live dealer games, and others.
Most Litecoin casinos are full of different bonuses, promotions, and rewards. Many of these pleasant prizes have bigger sizes than at the online casinos which do not accept cryptocurrency. Since it is cheap for such casinos to make transactions without fees, they can allow themselves to give out more bonuses.
Best Games at Litecoin Online Casino
Of course, the most exciting part about online gambling is playing casino games. And there is no better way to play them than making deposits and withdrawals using Litecoin. Litecoin casinos are versatile and they can offer you a lot of different online games for any liking. So, let's dive deeper into the world of Litecoin casino games.
One of the most popular types of casino games is Litecoin slot games. Slots are easy to understand and they do not require much effort, except having some good luck. Moreover, there are so many design options to choose from, so anyone can enjoy the theme they like without having to sacrifice a pleasant interface for some good winnings.
Live dealer games are also present in many Litecoin gambling platforms. Those who enjoy the excitement of real-life offline gambling and prefer the comfort of being at home will certainly like live casino games. You can choose anything from your favorite table games to some non-traditional entertainments like Deal or No Deal and many others.
Moreover, Litecoin casinos have something to offer even for the people who like baccarat. This game is not as widely played as others because of its somewhat complicated rules. However, those brave ones that enjoy this online game can find it in Litecoin online casinos as well.
Let's not forget everyone's favorite card games. At almost any Litecoin casino you would be able to find blackjack that has become a traditional casino offering over many years. You can also find poker at many casinos that accept Litecoin cryptocurrency.
What is more, there is something for roulette lovers as well. Yes, it seems like Litecoin casinos have it all. Isn't it a great thing? Spin the roulette wheel and get all excited for the upcoming winnings that come in Litecoin or any fiat currency you prefer.
There are so many more games that Litecoin casinos have to offer. Explore the interesting gambling world and find something that you truly prefer. Make deposits and withdrawals in Litecoin quick and easy and enjoy your money right as they come.
Frequently Asked Questions — FAQ
Is it safe to play at Litecoin online casinos?
Yes. As long you play at our recommended online casinos, playing at Litecoin online casinos is safe. Check if the online casino is licensed in a reputed gambling jurisdiction before signing up. The blockchain technology that supports Litecoin is secure, and there is no way for anybody to gain unauthorized access to your transactions.
What is the minimum amount I can deposit and withdraw with Litecoin?
The minimum deposit and withdrawal limits vary from one casino to the other and depend on individual online casinos' banking policies. Check the banking section or T&Cs of your online casino for the minimum deposit and withdrawal limits. You can also contact customer support.
Can I use Litecoin on the move?
Yes, you can play with Litecoin at mobile casinos. You can set up a Litecoin wallet designed for iOS and Android smartphones and tablets so that you can easily deposit and withdraw with Litecoin on the go.
Is Litecoin available in Australia?
Litecoin is a decentralized digital currency, which means that no government or financial institution controls it. Litecoin online casinos can offer Litecoin as a banking option legally in Australia.
What are the uses of Litecoin?
Litecoin is a cryptocurrency, which consumers use to purchase products and services online. Online casino players widely use Litecoin to make deposits and withdrawals. Litecoin is also an investment opportunity for many people.
How to choose a Litecoin casino?
Finding the right online casino can sometimes be a challenging task, especially when it comes to the gambling platforms that support cryptocurrency payments, such as the Litecoin ones. To make sure that your choice of casino is legit, check it for several criteria. Make sure that the Litecoin online casino has a license, which proves its legality. Also, check for encryption technologies and other safety measures like anti-fraud and anti-money laundering safety measures. When it comes to games, pay attention to the variety of software providers and games and bonuses offered.
Are there any Litecoin fees?
One of the reasons why Litecoin casinos are so loved by the players is that there are almost no fees for this payment method at all. You do not have to pay the transaction fee or any other charges connected with the transfer of money to your crypto wallet or to the casino's wallet. The only fee you might be required to pay is the gas fee for the usage of blockchain. And even here, the price of this fee is much smaller than, for example, the one of Bitcoin. With Litecoin you will only pay $0.0024 instead of Bitcoin's $0.68.
Are Litecoin casinos legal?
The great majority of Litecoin casinos are functioning on a legal basis. The legality of such online casinos can be checked by the availability of a gaming license received from valid gaming jurisdictions. However, pay close attention when checking the Litecoin casino for legitimacy. As the currency of Litecoin is decentralized (meaning that it is not regulated by any legal authorities), many online casinos use this as an excuse to work without any license, which is, of course, risky for a player.
Where to buy Litecoin for gambling?
There are several ways you can get Litecoin for gambling purposes. The most difficult one is probably cryptocurrency mining, which requires some special equipment. It is not accessible to many, that is why it is the least popular way. There are other, much simpler options for getting some Litecoin. You can exchange some fiat currencies at the exchange point. There is also a possibility to accept payments for some of your services or goods in Litecoin. Using the Litecoin faucet, you can get some free crypto money simply by doing some tasks.
How to play at a Litecoin casino?
To play at a Litecoin casino, you do not have to have some extravagant skills or knowledge. Litecoin casinos are very much similar to any other online casino. The only difference is that you can make deposits and withdrawals using your crypto wallet and the cryptocurrency placed in it. Once you connect this wallet to the wallet of your Litecoin casino account, you can easily deposit money to make some bets and withdraw your winnings as they come.
What games can I play at Litecoin casino?
Litecoin casinos have a great variety of games from different software providers to choose from. Those who enjoy live casinos can play it and make payments in Litecoin. Pokie lovers can spin their favorite reels at Litecoin gambling sites as well. If card games sound more like something of your lane, there is a possibility to enjoy them while paying with Litecoin too. Litecoin roulettes are also available at many online casinos.
Why use Litecoin — the pros and cons?
One might choose Litecoin as the preferred payment method for several reasons. One of them is quick and free transactions — this is something that Bitcoin lacks. There are also other advantages like deposit bonuses, safety, and anonymity of money transfers.
However, there are also some cons that Litecoin casinos have. The value of the currency might change over time and your winnings might decrease if you do not withdraw them in time. Moreover, still, not all online casinos accept Litecoin payments.
What makes Litecoin a decentralized asset?
Litecoin is a cryptocurrency that is transferred with the help of blockchain technology. Because of the decentralization, all the money transactions are much faster and they travel through the network in a quicker way than fiat currencies. Lack of centralization also makes Litecoin vulnerable to being used in online casinos with no license, which is not always good.
Is Litecoin safe and secure for online transactions with Litecoin casinos?
As Litecoin works on a decentralized basis, it has fewer chances of being attacked or data breached. This makes the online transactions within Litecoin casinos safe and secure. Moreover, as transfers of cryptocurrencies do not require any personal or banking data (they only need the number of your crypto wallet), it is much safer, as the information about you is not shared on the Internet.