Sports Betting Sites That Accept Litecoin
With cryptocurrency becoming one of the major focuses of online gambling, it is rather important to know your options for sports betting sites that accept Litecoin. First of all, however, it’s important to know what Litecoin is. Litecoin is an online cryptocurrency similar to Bitcoin that can be used to conduct legal sports betting transactions online. It was created by Charlie Lee, a former Google engineer, who wanted to create a cheaper, more accessible alternative to Bitcoin. Lee describes Litecoin as the silver to Bitcoins’ gold. With the Unlawful Internet Gambling Enforcement Act, or UIGEA, it is sometimes difficult to find ways to legally place bets online without being restricted by banks. The use of cryptocurrency provides a solution to this problem by being a third-party liaison for sports betting. Litecoin acts as a buffer between you and the bettering site allowing you to freely place your bets and safely collect your winnings without risk of being rejected by the banks.
In 2021, there are dozens of offshore sportsbooks that accept Litecoin and all of them have bonuses that come with using Litecoin and other cryptocurrencies to place bets. Litecoin is a fast and easy way to deposit and withdraw funds, allowing bettors to freely place their wagers without the fear of their earnings being blocked. There are no fees associated with using Litecoin at an online sportsbook as well- the only fees will come when purchasing it on a cryptocurrency exchange, the sportsbooks will not apply any fees. While using payment methods like bank wiring, cashier’s checks, or money transfers, they tend to come with a convenience fee attached, but Litecoin lets you avoid this pitfall.
Litecoin Esports Betting
Litecoin is an excellent cryptocurrency, and one that pairs very well with esports betting. Litecoin is a lightweight, fast processing cryptocurrency, perfect for the frenetic pace and style of games like League of Legends, DOTA2, and Counter-Strike. Litecoin esports betting is accepted by all of the best online sportsbooks, throughout the globe. All you need to do is acquire some Litecoin and navigate to your online sportsbook of choice as long as they accept the currency. Whether you want to bet on the LCS, The International, or a CS:GO Major, you can do that at the online sportsbooks using litecoin. It’s a very simple cryptocurrency, and it’s a great way to enjoy your favorite esports betting opportunities!
Benefits of Using Litecoin to Deposit into Online Sportsbooks
When it comes to using Litecoin for sports betting, there are a lot of positives. Firstly, Litecoin is fast and efficient, which means bettors get their money on payouts a lot faster than other payment methods. You can quickly place bets and cash out funds constantly with Litecoin. Dealing with checks or bank wiring can take up to two weeks to process, meaning two weeks for the bettor to receive their payouts. Comparatively, Litecoin payouts can process in a matter of hours and even sometimes just minutes. It is truly the fastest way of sports betting.
Another benefit is the fact that there are little no fees attached to using Litecoin for deposits or withdrawals. With checks, wire transfers, or money transfers there is usually a convenience fee that is attached in order to use those methods. Litecoin benefits from the fact that there are usually no fees attached, saving money for the sports better. The less money you spend on fees, the more money you’re taking in as profit and also the more money you can use to place bets.
Probably the biggest benefit that comes with using Litecoin is its stability. Compared to other cryptocurrencies whose value fluctuates constantly, throughout the history of Litecoin it has managed to remain constant. That means users can buy and use Litecoin without stressing about the value of their crypto collapsing over time. Litecoin consistency is one of the truly beneficial aspects of using it as a way to place sports bets.
Drawbacks of Using Litecoin to Make Sportsbook Deposits
Litecoin, unfortunately, is not as widely used as Bitcoin, therefore it does not have the widespread accessibility that Bitcoin has. A lot of prominent sites such as Bovada, which is one of the most trusted offshore betting sites doesn’t even use Litecoin. Users of Litecoin may find it difficult sometimes to find sites that accept the cryptocurrency and that may be a huge drawback to some sports betters. Although Litecoin has so far remained stable throughout its history, it is always good to air on the side of caution with any cryptocurrency because they are unstable by nature.
Litecoin is also a relatively new concept, even newer than the very concept of cryptocurrencies to begin with. Many people just do not have that much information on Litecoin which may make it difficult for some betters to trust it. Researching Litecoin and the websites you plan to sue Litecoin with is very important before you begin betting with the currency. Anything in this realm of cryptocurrency can always run the risk of fluctuating value so be mindful when buying and betting with Litecoin.
Litecoin being as new as it is means that it is unpredictable by nature. There is no way of knowing how the market will be in the next 10 to 20 years. We can’t predict of we will still be using Litecoin or if another cryptocurrency will take the reins or if people will still be using cryptocurrency at all to place bets online. That goes back to the unpredictability of cryptocurrencies; always be mindful of the possibility of the value shifting at any time.
What Makes Litecoin Different From Bitcoin?
Bitcoin is in many ways the flagship of cryptocurrencies - it was the first one, and the one that broke out into the mainstream consciousness the most. Many people might not even know what there are other cryptocurrencies at all. If you look at any online cryptocurrency exchange, there are a lot of different cryptocurrencies - a LOT. Litecoin is one of the most utilized non-Bitcoin cryptocurrencies.
So, what makes them different? Well, the first thing that comes to mind is they have different limits on how many coins can exist - Bitcoin is limited to 21 million, Litecoin is limited to 84 million. In addition, Litecoin is encrypted in a different manner to Bitcoin. In theory, this makes it easier for people to get involved with mining Litecoin compared to mining Bitcoin.
The big difference between them comes in terms of price. Bitcoin is the most well known and most expensive cryptocurrency, and Litecoin, while fairly well known, has not approached the level that Bitcoin is at. While you can purchase Bitcoin in fractions, known as Satoshi’s, many sports bettors find it easier to use Litecoin due to the more easily understandable price information. In addition, Litecoin’s ease of use and speed make it ideal for sports betting.
Best Sportsbooks That Welcome Litecoin Deposits
BetOnline and SportsBetting are some of the best online sportsbooks for US players to use when it comes to betting with Litecoin. They offer bonuses for first-time bettors as well as for using Litecoin. These sites excel in creating options for sports bettors and are great places to begin betting. They offer a ton of variety in their betting odds and lines, and they are very friendly to users of Litecoin and other cryptocurrencies. It doesn’t matter whether you’re a casual rookie or a hardcore all-star sports better, these sites have options for you. Make sure you check for their cryptocurrency bonuses when you sign up - those bonuses can be a significant incentive to use cryptocurrencies like Litecoin.
BetOnline Sportsbook Review
Using Litecoin is fairly simple. In order to us Litecoin and begin placing your bets, you must first purchase your Litecoin. You can get Litecoin from BitBargain UK, BTEr, Kraken, or any other crypto buying site. Once you have your Litecoin wallet, you simply go to their website and create a free account and you can begin betting. There is a 100% matching bonus valued up to $1,000 for your first crypto deposit. Simply use the promo code CRYPTO100 and you’re good to go.
BetOnline has a bevy of options to bet on. From the NFL to the NBA and even college sports, BetOnline is a one-stop shop for all your sports betting needs. They even have their own betting edge blog that brings users analysis and up to date news to keep you as informed as possible while placing bets. Another bonus for BetOnline using Litecoin is the 35% crypto reload by using the promo code CRYPTO35.
SportsBetting Sportsbook Review
In order to use Litecoin at SportsBetting, it is the same process as with BetOnline – purchase your Litecoin from any the crypto buying sites such as BitBargain UK, BTEr, and Kraken and bring your Litecoin wallet to their online sportsbook. SportsBetting is one of the newer online betting sites yet they have managed to become very popular in a short amount of time. They offer a lot of benefits to their users offering a multitude of odds for users to bet on.
SportsBetting has a lot of bonuses for its users who come in using Litecoin. For starters, there is a 100% crypto welcome bonus. By using the promo code 100CRYPTO, you can get a bonus of up to $1,000 for being a first time bettor. In addition, use promo code 35CRYPTO for a crypto reload bonus for 35% valued of up to $1,000. These are just some of the many online sports betting promotions that SportsBetting offers, so be sure to find out which one is best for your needs.
Online Sportsbooks Accepting Litecoin
|Litecoin Sportsbooks||New U.S. Player Bonus||Go To U.S. Betting Site|
|Review||50% Up To $250|
|Review||50% Up To $1,000 NEW!|
|Review||50% New Member Bonus!|
|Review||50% Up To $1,000 NEW!|
|Review||100% Up To $300|
|Review||100% Up To $500 NEW!|
Litecoin Review Summary
Overall, Litecoin is an excellent way for you to fund your sports betting account if you are technologically savvy enough to get into it, and you have a sportsbook that is willing to accept it. There is likely not much better in the cryptocurrency realm when transaction speed and relative acceptability are taken into account. The upsides of Litecoin are obvious - it’s easy to use, and one of the fastest processing cryptocurrencies. The downsides are its limited adoption, meaning that it could be hard to find a sportsbook that accepts Litecoin - the major online sportsbooks vary in terms of what cryptocurrencies they accept.
Litecoin is exactly what it says on the tin – it’s an easy to use cryptocurrency with a quick transaction speed time, and that is exactly what you are looking for when you are looking for a cryptocurrency to fund your online sportsbook accounts. If you can find an online sportsbook that accepts Litecoin for their deposits, It is hard to do better in the cryptocurrency realm.
Why Do People Use Litecoin?
The main advantages of litecoin are the faster processing speeds and the lower prices relative to bitcoin. Litecoin is a bit more accessible, which allows more people to get invested in it. Mostly, people use it because it has the potential to be bitcoin, but faster. Many online sportsbooks offer bonuses for using cryptocurrency, but only some of them accept litecoin, so make sure you use one that does!
How Do I Buy Litecoin?
In order to buy litecoin, you will want to use a cryptocurrency exchange. These exchanges operate online, and are basically stock exchanges, but for cryptocurrency. They’re pretty easy to use nowadays, and a lot of the technical knowhow is not needed anymore. Basically all you do is set up a wallet address for the coins to go to, and, when buying them, enter that wallet address so that they go there.
In addition, there are a lot of apps that can let you buy Litecoin on crypto exchanges easily, and then move it into an online sportsbook or wherever else you need to send it. These can be a great way to manage your bankroll in Litecoin.