Cryptocurrencies have surpassed many other payment methods across Canadian casinos, due to many reasons, and Litecoin is one that is used the most, right after Bitcoin. This is actually one of the first cryptocurrencies that were designed on the same model as Bitcoin, therefore, it is on top of the list of leading digital currencies circulating on the blockchain. It is an improved version of the first-ever currency, offering several perks, which you’d greatly enjoy once you get started with it. What is Litecoin and why use it across Canadian online casinos?
About Litecoin
Right after the first-ever cryptocurrency was launched, Bitcoin, many other digital currencies of the sort appeared, Litecoin being one of them. In fact, this crypto was designed and launched shortly after Bitcoin, to provide users with improved features and faster transaction times, getting the well-deserved position on top of the list of best cryptocurrencies.
When Bitcoin first appeared, it raised many questions as to how reliable and legit it was. People were sceptical about holding coins that could not be physically touched and used across land-based establishments and stores, discouraged by the fact that their money will only exist digitally. It took three years after Bitcoin’s launch in 2018 for Google engineer Charlie Lee to dare and create a “lite version” of it to offer to users, an open-source, peer-to-peer currency, we know today as Litecoin. The engineer played around with the first-ever crypto in hopes to make it safer and offer faster transactions, and that led to the creation of a customized and way more convenient digital currency Litecoin is today.
Lee took the Bitcoin features that worked and improved those that needed improvements, using the Bitcoin source code, its underlying blockchain technology, but also used a different cryptographic algorithm and set of principles for transfer approval and mining, to create a crypto of his own, which still works on proof-of-work consensus. He first wanted to use it for in-house business transactions with faster processing times, but when he saw that he created a crypto with four times faster transactions, he wanted to share it with the world.
That’s how Litecoin was launched in 2013, offering processing times of 2.5 minutes compared to Bitcoin’s 10 minutes per transaction. Two years later, the new crypto reached the $1 billion mark and got to the frontlines of the crypto market. To monitor his crypto closely, Lee moved to Coinbase, one of the top exchange platforms, and saw it trading seamlessly, with its value rising to hundreds of dollars. By 2021, it became one of the best 10 cryptos out there, co-existing with the first-ever crypto in a friendly climate, reaching a market cap of $13.7 billion.
Due to all of these reasons, it should come as no surprise to you that this crypto is accepted across most, if not all, international online casinos, Canadian sites included. It is certainly offered across all crypto casinos, so finding one to join would not be difficult at all. So, stay with us to learn how to get started with it and use it across Canadian online casinos.
Getting Started with the Solution
You should know right away that Litecoin works on the principles of Bitcoin, and many other cryptos out there, for that matter. So, first things first, you’d need to obtain some LTCs to get started with it. You can do that by visiting a superb exchange platform like Coinbase, Bitfinex or Binance, for instance. You’d need to create your account with such a platform and link your payment method to directly purchase some coins, using the equivalent fiat currency amount. This is, of course, the easiest way to get your hands on some coins, but you can also always go the old way, by mining coins. This won’t be necessary, though, as there are much more convenient ways to do it, as we said, like at exchange platforms.
Considering you’ve obtained your coins, the next step would be storing them. And while they can stay on your exchange platform’s account, the best thing to do is to store them in a crypto wallet. There are several types of crypto wallets, such as desktop, hardware, mobile and web-based eWallets, so you can choose the one that would work for you best. eWallets would be the best option for you as an online casino player, as you’d be able to transact with your crypto easily with them. Create an account with one of the top crypto wallets, and store your coins. You’ll receive a private and public key, alphanumerical sequences you’d need to use when transacting with LTCs, one for sending and one for receiving coins. Bear in mind that you need to keep these keys, addresses, safe, away from third parties, so that no one can tamper with your money.
Depositing and Withdrawing
Now that you know how easy it is to get started with this crypto, you’d want to know next how to use it across online casinos. First, you need to find a top casino to join. Many Canadian casinos here at CasinoReports.ca offer it, such as JackBit, ScatterHall, Winning Casino, 21Bit, and of course, LTC Casino, to name a few. New ones keep on introducing it as an option for payments, too, so you can rest assured you’d have plenty of choices. So, choose the one you’d want to go with and register your account with it.
To make a deposit with it, you’d need to do the following:
- Visit the casino’s Cashier/Deposits page.
- From the logos available on the page, press Litecoin’s.
- You’ll see the casino’s public key here, so copy it.
- In the new window, log into your crypto wallet.
- Request a transaction specifying how much you’d like to deposit and paste the casino’s key.
- Double-check whether the public key and the coin amount are in order.
- Confirm the transaction and watch the coins arrive on your balance in an instant!
It is important that you go through step 6, since transactions with this crypto, and any other for that matter, are irreversible. One wrong digit or letter of the complex alphanumerical sequence, and your coins are gone for good!
We said that this crypto’s strong suit is the four-time faster transactions, so you should not be surprised that you’ll have your deposit on your casino balance basically in real-time!
Withdrawals are possible with the crypto, of course, and you’d be happy to hear that they are also as fast. While the procedure is basically the same as the depositing one, you’d need to copy and paste your own wallet address here, though, meaning your private key, when requesting a withdrawal. Again, remember to double-check all the details you’ve entered, not to lose your coins.
Top Litecoin Casinos
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Applicable Fees
Some small fees apply when buying and selling LTCs, but also for transactions with them. The fee would depend on many factors, mainly on the exchange platforms involved and the market at the moment.
But don’t worry, this fee won’t be huge, but only a fragment of your entire transaction. For instance, for a 0.001 LTC withdrawal, you’d need to pay a withdrawal fee of 0.0000042 LTC at Coinbase. That’s near-zero cost, compared to other payment methods.
Accepted Currencies
You know that the LTC is the token, and you can purchase the coins in virtually any worldwide currency available.
You can use Canadian dollars, but also US dollars, Australian dollars, euros, British pounds, Swiss francs, Indian rupees, and many others. There’s no limit to the currencies that can be used, depending on the exchange platform you decided to go with.
Coverage
Being a decentralized digital currency, this crypto is a global solution that anyone, from any place in the world, can use it. That means you, as a Canadian player, most certainly can. Especially if from Quebec, where you’ll get many casinos accepting cryptocurrencies.
However, we cannot neglect the fact that some countries have strictly forbidden the use of cryptocurrencies, so there is, in fact, a restricted countries list available out there, including Russia and North Korea, to name a few.
Customer Support
There’s an official Litecoin.org site you could visit to learn more about the crypto, how it works, where to buy coins, news regarding it, and whatnot. But this is a site developed by the community, and you won’t precisely get to contact someone in case you’re having trouble with your transactions. Since it is decentralized, without authority or bank overseeing transactions made with it, and in fact, transactions with it are irreversible, there won’t be anyone who can help you out with that.
For general questions, try contacting the team using the Contact Us email address, contact@litecoin.org. For any questions regarding how to make a deposit or a withdrawal, make sure you contact your casino’s Customer Support team, as they’d be glad to guide you through the process.
Conclusion
If you’re into crypto, as a Canadian online casino player, you’d greatly enjoy using Litecoin. This is one of the top cryptos out there, offering the fastest transactions and near-zero fees. It is accepted in Canada and you can purchase your coins using your native Canadian dollar currency. It is easy to get started with and use for deposits and withdrawals, so the first opportunity you get, make sure you start using it!
FAQs
Of course, you can. This is a digital currency, emphasis on digital, so you can make transactions with it via any mobile and desktop device, as long as it is connected to the internet.
Sure thing! As said, this is one of the top 10 cryptos available out there, so it would certainly be an option for you across the best crypto sites.
While the crypto itself does not impose transaction limits, you should expect the online casino you’ve joined to set some limits, due to regulatory reasons. You’d need to check with your chosen casino to see how much you can actually deposit and withdraw if you chose it as your payment method.
We haven’t mentioned that in the review, since it goes without saying, because this is, after all, a digital asset, so naturally, its value will fluctuate, just like with any other crypto. Although it has been maintaining a stable growth rate in recent years, you should expect ups and downs.
There sure are. You can visit many forums, but also check the Telegram, Reddit and Twitter profiles. Just look it up on Google and you’ll find many social media options to find support across the ever-growing number of communities.
Ltc is a simple and inexpensive way to deposit via crypto. Withdrawal is almost instant. My go to method
I most definitely love this method of deposit over all the others. My preference is RTG casinos and the minimum deposit using Litecoin is most of the time only $10. There are a few exceptions to this but not very many.
I love the minimum $10 deposit across most platforms while using LTC. My preferred method when depositing crypto!
For Crypto I prefer LTC as it has the lowest fees. But the downside is that it does take several minutes to process. Most casinos do accept and payout with LTC and I have had no issues using several different Crypto wallets available in Canada. My usual ones are Coinbase and crypto.com.
Of course Litecoin was and still is the main tool if you're anyway involved in crypto, web payments of any kind, gambling and so many other areas where you need fast and cheap transactions. In that case just the best option which is unbelievable after so many new chains and coins have popped up in the last couple of years. I'm still using it almost daily and IMHO ...in terms of market price LTC it's quite undervalued.
Litecoin is a fast, reliable, and low-cost cryptocurrency that’s perfect for everyday transactions. Its strong security, quick confirmations, and active community make it a trustworthy and efficient choice for digital payments worldwide. I LOVE IT
Litecoin is one of the easiest cryptocurrencies to use for online casinos. Transactions are quick, reliable, and the fees are super low compared to most other coins. I love how fast deposits and withdrawals go through — no waiting around like with traditional payments. It’s simple, secure, and perfect for players who want smooth and hassle-free gaming. Litecoin has definitely become one of my top choices for online casino payments
I’ve been really impressed with how convenient banking with Litecoin is. In my opinion, it’s one of the best options out there. Transactions are super fast, fees are low, and it feels much more efficient than using traditional banks or even some other cryptocurrencies. I also like that Litecoin has been around for a while and has a strong reputation for reliability. Definitely a great choice for anyone who wants a smoother, more modern way to handle their money!
Litecoin has to be my favourite crypto currency. Fees aren't too high, average speed, within the hour mostly. It's one of the currencies that have smallest min depo at most casinos which is why I like to use it
Litcoin is the most affordable banking method in my opinion. The only minor setback is that it is not as quick on occasion as other banking methods. Even then, it doesn’t seem to take too terribly long. It’s definitely one of the top options in my book! It’s affordable and for the price of fees, you receive it within an hour almost every time. :)
Litecoin is my favorite currency to move around the block chain. It's fast and less expensive than most coins. There are a few decentralized places I can use my Litecoin and gamble or even earn by doing surveys. I won't post the link here because idk if that's against the terms of this site but if anyone is interested I have the same name on telegram. Anyways happy huntings friends.
LTC is the GOAT. Once everyday normal people finally start using crypto, it's going to be a no brainer and common sense that LTC is KING. Like less than a fraction ofa penny fees for transfers and its practically instantaneous? Everyone will default to using this as they should.
Besides using Bitcoin Lightning Network, Litecoin has to be the best cryptocurrency for funding any online casino site that provides LTC as an option. Not only is LTC an option that allows for quicker transactions than Bitcoin or other cryptocurrencies, the fees associated with the purchase of and transfer of LTC are very minimal compared to Bitcoin or other assets. I’m often able to transfer most any desired amount and still have no extraordinary fees associated with it. Litecoin has to be my top choice for when funding any casino which accepts this currency.
Litecoin is my preferred cryptocurrency to use at participating Casinos. I find the fees low and the transaction times much faster than other popular cryptocurrencies, it’s the ideal crypto for deposits and withdrawals, it’s widely supported and will continue to be my go to crypto payment method
I’d say google did a pretty good job at this one. I mean they took a good model which is bitcoin and I’m seeing some of the issues with it. Rectified them made it cheap quick and hassle free in Walla like only worth what is worth I couldn’t tell you it was pushing to 300 marker a few years back and yeah I prefer it over mostly other coins. I guess the privacy could be upgraded a little bit but other than that, it’s awesome.
This is my favorite eat to deposit and withdrawal it's the fastest and cheaper way to send an withdraw money
I think litecoin is the most affectionate way to deposit crypto it's the cheapest sending fee the safest all around best crypto there is
In my opinion, the coin has proven itself well in the crypto market. Transactions with low commission, there have been no problems with transfers to other wallets, everything is fast and clear. I use it myself and recommend others to use it. And on the positive side, it has a stable price, you can not be afraid and keep money in this coin
The most profitable coin for transactions between wallets
Litecoin is a great method to make money movement. Normally deposit/withdrawal are instant. Comission on Litecoin is cheaper than on Bitcoin, so if you are high staker better to choose Litecoin. All of all, never had any problem with Litecoin. Support a bit hard to reach, so it is a minus.
Cannot, Cannot, CANNOT, say enough about the simplicity and speed of my beloved litecoin. Gets there fast and gets there cheap, much cheaper than any other crypto when it comes to fees to process. When cashing out it is just as fast as long as the casino isn’t sleeping on processing your withdrawal. Insist on it. Bitcoin for holding, litecoin for commerce.
I love LTC. It is fast and fees are much cheaper compared to BTC.
Litecoin was a life saver after bitcoins prices for buying and sending was fluctuating. It's always been fast and cheaper, especially coming to my bank. It secure and if course I love that blockchain transactions can't be deleted. Although they can still be tracked if you don't sell them and re-buy them before you play.
one of the best quickest crypto deposit/withdrawal methods from the experience I have with it, at most of the casinos the deposits are credited within a few minutes, the other thing i love about LTC is the low fees, anywhere i used it, the fees were always super low
I just recently started using litecoin to make my deposits on crypto sites. The fees are less then bitcoin and Transaction confirm much faster. Some sites will even give you an extra little bonus on your litecoin deposit. Even withdrawals are slightly faster then other forms of payments. Crypto is always a safer form of payment then giving out your banking information to all these different Casino sites. I do believe that litecoin is an ideal option when playing on casino sites. If there is ever a dispute with any of your transactions you can check the block explore at any time to see what is going on. Litecoin is simple to buy and is accepted almost anywhere that crypto is accepted. The price does vary slightly but is much more stable then other crypto coins. The more I use litecoin the more I find reason to love it. There are also endless uses for these coins in the crypto world. From NFTs to DAPs. Many other gaming platforms also take litecoin as payment. In this fast pase world litecoin is make huge changes to the monetary world and redefining the definition of money.
LTC is my go to for cryptocurrency transactions. It is widely accepted where cryptocurrency is a payment method. Network fees are pennies. Transaction times are not the fastest, but are faster than BTC and always reasonable.
Being in cyber is a lot safer than stocks right now, if it goes up a little, more people will buy and I like LTC better than BTC, it's 4 times faster so preferred for online purchases.
This is the perfect crypto coin to gamble with. Fast transactions with low fees, to top it off it’s accepted by most if not all casinos that take crypto. You can’t go wrong.
Most used for depositing, small fees not like other crypto.. I prefer using this payment instead of credit/debit card. No hassle no BS
4.5 / 5 … Litecoin is my second most used cryptocurrency (behind XRP) because the fees are always very low, the transaction occurs relatively fast and it is widely accepted between many of the different sites. The only issue is some sites require 6 approvals before the transaction is completed which can take a while.
I prefer Litecoin over Bitcoin because its faster across the board. Bitcoin seems to take forever to transfer and the fees are ridiculous. That being said, I've noticed Litecoin seems to get used up faster while playing and it almost seems like it's treated the same as fs funds. Doesn't hit the same if you feel me. Just my observation.
Ok if anyone in this thread can please breakdown if LTC is better to deposit with than BTC. And how I can swap between the two Sorry for my lack of know ledge Im just looking to get peoples opinionn a nd expertise instead reasing on a site thanks
litecoin is one of the best and most reliable cryptocurrencies out there, i think it was the first cryptocurrency that i have ever got, the withdrawal and deposit times are always very fast and the fee's are low most of the time, i totally put my trust on litecoin when it comes to online gambling, so goodluck everyone
LTC is cheaper and faster than BTC. Transaction fees are practically nonexistent and the confirmations are a lot faster than BTC. Most casinos only require 1 confirmation, and the first confirmation on LTC is usually much quicker than BTC.
Litecoin has been by far my most successful and convenient and most used way of transferring sending or receiving funds to or from a casino. There are several different platforms I've used to completely transactions and it's the only way, except for literally a mayybe a handful of times, that I have received any payouts only almost any casino
This is definitely the cheapest way to make a deposit, but it’s also the slowest. When I want to play, I want to play now…so generally, I only use this method even I have little money to play with.
I am not a crypto expert by any means but if you are currently using Bitcoin (BTC) for your deposits and withdrawals you could save money and time without sacrifices in security by simply switching to Litecoin. It works great and usually gets a confirmation within 3 minutes.
Litecoin is my preferred cryptocurrency to purchase and use for gaming. The transactions fees are low and it transfers quickly from wallet to player account.
Yes Litecoin is one of very popular coin after BTC and Eth. Yes I prefer LTC it is easy and secure blockchain coin with low fee in any Platform to Transfer and fast Reliable coin. I use it timely in many casino to play. expecting in feature its value be high.
Best method so far but maybe solana and some other currencies are getting better. Ltc gets the of award for being the first tho
Litecoin is always the quickest and cheapest offered. Fool proof don't go anywhere else
Thanks for the helpful breakdown on Litecoin! I had no idea it offered faster transaction times and could be mined with consumer-grade hardware. The fact that it’s decentralized and more scalable than Bitcoin makes it even more appealing.
Im new to crypto currency but I do know that using Litecoin is the best way to go there's no big fee when sending it back and forth like Bitcoin and it doesn't take very long to clear I love Litecoin I recommend every one to use it. You won't be disappointed
itecoin is my go to it's fast, longest wait was 10 minutes but it's usually within 5, it's just as for withdrawal. It doesn't lose much of anything if you withdraw or deposit with Coinbase or similar platforms. I'm getting pretty used to the conversion but in these casinos it converts to your selected currency. I haven't had any issues in the year or so I've been in crypto and it's seeming like the best choice in most slot platform
My favorite crypto to use when sending crypto lol most apps that I use have iti use it most on PayPal, it's low transfer fees, and they always up to date with the price of Litecoin
Litecoin is my go to it's fast, longest wait was 10 minutes but it's usually within 5, it's just as for withdrawal. It doesn't lose much of anything if you withdraw or deposit with Coinbase or similar platforms. I'm getting pretty used to the conversion but in these casinos it converts to your selected currency. I haven't had any issues in the year or so I've been in crypto and it's seeming like the best choice in most slot platforms.
Litecoin is slower than the other crypto but have low fee's and it doesn't take longer than 20 minutes for a transaction. It's my favorite.
Litecoin is definitely the way to go. Ltccasino has probably the fastest deposits in any of the casinos. Love the games too. I used to always use a debit card as I had no idea about crypto but it was so much easier than I expected. Super slots is another really fast withdrawal casino. And they have just started a rewards program
Here's my favorite. --> Litecoin enables fast, low-cost deposits at online casinos. Thanks to decentralized blockchain technology, players benefit from high security, fast processing, and increased privacy. Low transaction fees and growing acceptance make Litecoin particularly attractive to modern casino fans.
Litecoin is one of my favorite cryptocurrencies and the one I use the most often while playing at online casinos. Works just like Bitcoin, except the transaction fees are much lower and the transactions are usually processed faster. Definitely recommended for use by online gamblers.