How to Deposit and Withdraw with Litecoin at Australian Online Casinos

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.

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Litecoin Casinos for Real Money

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. We have made it easy for you to find Litecoin casinos for real money by listing the best of them on this website.

Rest assured that we don’t 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.

Multi-vendor Games

Most of the online casinos on our list offer thousands of games from multiple software providers.

Litecoin vs. Other Cryptocurrencies

Litecoin stands apart from the cryptocurrency crowd because of the following features.

Bitcoin’s "Lite" Version

Launched in October 2011 by former Google engineer Charles Lee, Litecoin comes from the Bitcoin open-source code.

But it has a faster rate of block generation and uses Scrypt for mining.

Lee developed Litecoin to improve certain aspects of Bitcoin.

Decentralized

No government or financial institution controls Litecoin, making it the ideal casino payment method for players residing in grey jurisdictions like Australia.

Limited Number

The number of Litecoins in circulation is capped at 84 million.

Scrypt Algorithm

Litecoin secures its network with the Scrypt algorithm, which doesn't require too many resources.

Instant and Free

Litecoin transactions are faster than Bitcoin and require either nominal or zero fees.

Peer-to-peer Payment Method

Use Litecoin to make and receive payments without any intermediary.

How to Deposit with Litecoin at Australian Online Casinos

Making Litecoin deposits is fast and easy. You only have to follow these instructions:

  • First, you have to obtain a Litecoin wallet.
  • 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.
  • 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.
  • Receive the online casino's Litecoin wallet address.
  • 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.

How to Withdraw with Litecoin at Australian Online Casinos

Using Litecoin as a withdrawal method is just as easy as using it for deposits. Follow the instructions outlined below:

  • If you received a bonus, satisfy its wagering requirements before cashing out your winnings.
  • Verify your online casino account if required.
  • Click on "Withdraw" and select Litecoin as your cashout option.
  • Copy and paste your Litecoin wallet address in the relevant field.
  • Your winnings will hit your Litecoin wallet in 0 - 24 hours.
  • You can use Bank Transfer to withdraw them to your bank account in fiat currencies.

Using Litecoin for Deposits & Withdrawals – Advantages & Disadvantages

Using Litecoin for casino deposits and withdrawals has advantages and disadvantages, as outlined in the table below:

Pros

Cons

  1. Litecoin transactions are faster than Bitcoin transactions.
  2. You can fund your account and cash out winnings without revealing financial details to the online casinos.
  3. Litecoin deposits and withdrawals are free at Litecoin online casinos.
  4. You don't have to pay taxes on your Litecoin winnings.
  5. 5.     Using Litecoin is safe and secure.
  6. The volatility of Litecoin may change the value of Litecoin casino winnings.
  7. The decentralized nature of Litecoin encourages crypto-only online casinos to operate without a license.
  8. Many Australian online casinos do not offer Litecoin as a payment option.
  9. Many casino players are not comfortable with using Litecoin.
 

Litecoin Casino Bonuses

We haven’t come across any Litecoin online casinos giving away exclusive bonuses to players who deposit with Litecoin. If you choose Litecoin as a preferred banking method, you are eligible to receive any bonus at the Litecoin online casinos. The following table presents an overview of the types of bonuses available at Litecoin online casinos.

No-deposit Bonuses

Litecoin online casinos welcome players who have just signed up with no-deposit free spins bonuses or no-deposit cash bonuses.

Welcome Packages

Receive deposit match bonuses with free spins on your first few deposits.

Reload Bonuses

Receive match bonuses on your deposits whenever you top up your account.

Weekly & Weekend Bonuses

Litecoin online casinos give away weekly and weekend bonuses on qualifying deposits. Sometimes, these bonuses include free spins.

Game-specific Bonuses

Get bonuses that you can exclusively use on games like pokies, blackjack, roulette, live dealer games, and others.

Litecoin Online Casinos FAQs

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.

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