Last updated on: March 10th, 2022
Sports Betting Using Litecoin To Deposit
There are many sportsbooks that accept Litecoin nowadays. As cryptocurrency has become more and more accepted across the board, with thousands of people using it, and multiple cryptocurrencies receiving coverage by financial experts across the world, legal sports betting sites have taken notice as well. Many online sportsbooks have begun accepting not only Bitcoin but other cryptocurrencies. One of the main alternatives to Bitcoin among the cryptocurrency community is Litecoin. Litecoin is one of many cryptocurrencies and has existed since 2011, one of the earliest alternatives to the original cryptocurrency, Bitcoin.
The main appeal of Litecoin over Bitcoin is a higher rate of processing blocks on the blockchain, meaning that Litecoin transactions are verified faster than Bitcoin transactions. For this reason, Litecoin is a preferred option as far as cryptocurrency goes at many online offshore sportsbooks. Of course, Litecoin has all the advantages of cryptocurrencies as well, such as anonymity and decentralization. If you are looking to find the best Litecoin sports betting sites, keep reading, as we review the online sportsbooks accepting this cryptocurrency.
The Legality Of Litecoin Sports Betting Sites
You might have come to this page worried that it is against the law to use Litecoin to bet on online sportsbooks. Luckily, there’s good news for you if so! It is 100% legal to use Litecoin for any purchase that allows you to do so in the United States. This includes online purchases such as placing bets at online sportsbooks. If you are worried about legality, don’t be – using Litecoin at online sportsbooks is safe, legal and easy to do. As the backbone of cryptocurrency is still so new, you can almost figure out yourself that the government hasn’t made any laws about banning its use this quickly.
How Litecoin Sports Betting Sites Work
Litecoin sports betting sites are the same sites as every other currency uses – the only thing different is how you pay for it. You’ll need to acquire a digital wallet for your Litecoins, which is basically a digital deposit box where you have your coins sent to and removed from. Once you have a wallet, you can navigate to an exchange, where you can purchase Litecoins. Once you have purchased Litecoins and sent them to your wallet, you can then navigate to online sportsbooks that accepts Litecoin and use them to deposit money into your account for your betting pleasure. Easy as pie!
Best Litecoin Sports Betting Sites
There are a large number of sports betting sites that accept Litecoin, however, it is important to note that due to the decentralized aspect of Litecoin, simply accepting Litecoin or other cryptocurrencies is not indicative of reliability or safety – many scams and criminals use cryptocurrencies to hide their tracks. Don’t worry, however, because we’ve highlighted some of the best sportsbooks you can find online, and all of the best sportsbooks also accept Litecoin due to its ease of use. In fact, some even offer bonuses for using the cryptocurrency instead of traditional methods of money transfer.
Bovada is arguably the top legal online sportsbook that caters to those using Litecoin to place their bets. Aside from just betting with Litecoin, there are also promotions for new users using the cryptocurrency as well. With the promo code BTCSWB750, you can take advantage of a 75% initial deposit match bonus of up to $750. You can deposit into your Bovada account using Litecoin as many times as you want compared to some of the other methods that might have a limit. There are also no fees associated with Litecoin Bovada deposits either making your experience even more enjoyable.
- Live Betting
- Big Bonuses
- Easy To Use
- Mobile Betting
- Best Odds
While BetOnline does have some of the best odds around for any sport that you could possibly think of, they also make things very convenient with their Litecoin friendly platform. Using Litecoin to make bets on BetOnline is extremely easy as they have no limits on how many deposits you can make. It is also free to place deposits with Litecoin as they do not charge any deposit fees. As for their minimum and maximums deposit limits, they are very friendly as well with a minimum of just $20 and a maximum of $100,000.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
SportsBetting is known by many as a reliable, safe, and easy access online sportsbook to use. That is because they make betting with Litecoin very easy with their mobile betting platform. You can link your cryptocurrency wallet right to your SportsBetting account and access it from any smartphone that has access to the internet. Those include iPhone, Android, Samsung, and much more. With that, you are free to bet from wherever you may be and have no stress when it comes to using Litecoin on the go.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Bonuses At Litecoin Sportsbooks
Many online offshore sportsbooks offer similar bonuses as those discussed above. The speed and reliability of cryptocurrencies, and the fact that they don’t have to deal with any intermediaries such as a credit card company, a money order company, or a bank, means that the online sportsbooks try to incentivize people to use cryptocurrency. It’s easier for them, so they try to make it easier for you. For this reason, many of the best online sportsbooks will offer bonuses like the ones previously discussed. These tend to take the form of a sportsbook bonus on your first deposit as long as it uses cryptocurrency and a bonus on reloads using cryptocurrency. Make sure you read the terms and conditions of these bonuses before using them, as some of them have conditions or expiration dates on the money you receive.
|Sportsbook:||Bonus Name:||Bonus Details:||Rollover:||Promo Code:|
|Bovada||Litecoin Welcome Bonus||75% Deposit Match Up To $750||5x Rollover||BTCSWB750|
|BetOnline||1st Time Crypto Bonus||100% Deposit Match Up To $1,000||14x Rollover||CRYPTO100|
|BetUS||200% Crypto Sign Up Bonus||150% Sports 50% Casino Deposit Match Up To $2,500||15x Rollover||JOIN200|
|SportsBetting||1st Time Crypto Bonus||100% Deposit Match Up To $1,000||14x Rollover||100CRYPTO|
Withdrawing With Litecoin At Online Sportsbooks
While depositing into your sports betting account with Litecoin is easy, receiving your winnings the same way is just as easy. Keep in mind that online sports betting sites will not pay you out in Litecoin if you did not originally deposit with the cryptocurrency. You are eligible to withdraw using many of the other methods offered at offshore sportsbooks when you use Litecoin to deposit though. In short, as long as you deposit with Litecoin, you can receive your money back in any method. Just contact their cashier and sit back, ready to collect your money.
|Sportsbook:||Minimum Withdrawal:||Maximum Withdrawal:||Fees:||Time Frame:|
|Bovada||$10||No Limit||No Fee||24 Hours|
|BetUS||$50||$5,||No Fee||48 Hours|
|SportsBetting||$20||$100,000||No Fee||48 Hours|
Fees For Using Litecoin At Online Sportsbooks
Litecoin sportsbooks typically don’t charge any fees for using the cryptocurrency to deposit or withdraw funds. At BetOnline, for example, there are no fees associated with using Litecoin but there are minimum and maximum requirements that must be satisfied before the deposit or payout is complete. Bettors must deposit a minimum of $20 and while the max amount that can be deposited at once is $100,000. On the flipside, Litecoin payout options at BetOnline are a minimum of $20 while the withdrawal limit is set at $15,000.
How Fast Are Deposits And Withdrawals With Litecoin?
Using Litecoin to deposit and withdraw is the fastest way to receive payouts and winnings. Along with most cryptocurrencies, Litecoin transactions processes the quickest with online sportsbooks. Withdrawals normally process a little slower than deposits with deposits being made instantly. Withdrawals usually take up to 24 hours to be received but that is still faster than other withdrawal methods.