Litecoin is becoming increasingly popular in the online gambling world. More and more gamblers are using this payment method for depositing money in their gambling account. But as it is new in the market, many bettors do not have a complete idea of how to use Litecoin, its advantages, disadvantages, and which betting sites allow you to pay via Litecoin. Well, we get it! We are here with this detailed guide where we will look at betting sites that accept Litecoin and talk all about its use in the online gambling world.
All the information in this guide comes from none other than Jimmy Daytona of BetZillion. In a recent March interview with Viral Internet, he shared a lot about this new crypto payment facility. The details we got from him are important for all the gamblers wanting to pay via Litecoin. So if you are one of them, do not wait anymore and delve in!
Litecoin’s Increasing Popularity
Even today, people think that Bitcoin is the most favored cryptocurrency in the world market. Yes, to some extent, it is true, but not completely. A few more cryptocurrencies have attracted many customers. One of them is Litecoin, the cryptocurrency we will deal with in today’s blog. This payment method is nowadays available on almost all sports betting sites around the world. It is because gamblers are choosing it more. Some casinos support this payment service. They offer special deals on choosing Litecoin over the other methods. Hence, it is quite understandable how quickly this cryptocurrency is gaining fame in the market.
Working Mechanism of Litecoin in the Betting Sites
As mentioned earlier, Litecoin (LTC) is offered as a payment method on many betting sites. We have discussed the steps in detail about how you can use LTC in sports betting. Have a look below! You find out which site you like the most.
The first obvious step to using Litecoin in betting is to buy Litecoin. You can easily purchase LTC from the trading and exchanging cryptocurrency platforms available online. Jimmy recommends a few such trading sites – Binance, Gemini, and CoinbasePro. You can easily convert fiat money to any form of crypto using these platforms. They also provide wallets for keeping the crypto money. If you buy LTC from PayPal, that cannot be used in sports betting. The money saved in the PayPal wallet is not transferable to any other wallet, including your gambling account. Hence, better purchase it from some other site as mentioned above.
Choose a Sportsbook where You Can Bet Using LTC
Not every bookie allows you to bet using Litecoin. However, numerous sportsbooks allow gamblers to use LTC. Now, you need to assess these sites carefully to pick the ideal one for you. Before choosing your betting site, Jimmy recommends focusing on a few major factors. First, pay attention to the security offered by the bookie. If it is not licensed under a renowned authority, joining it can threaten the players. You can even get scammed with your money and personal details. Hence, never enter a bookie without checking its gambling license, terms and conditions, and security policies.
Besides checking whether the bookie is secured, you also need to look at the bonuses it offers, especially the welcome package. The prizes must be lucrative enough to help you play and earn more. If you do not find the deal attractive, there’s no point joining the site, says Jimmy Daytona from Betzillion. Lastly, also go through the games that the bookie offers. It should contain all the major sport events for maximum fun.
Deposit LTC Funds
After choosing a bookie, it’s time to make your first deposit using Litecoin. Go to the payment section of the page, select your deposit method, enter the amount you want to deposit, and your LTC money will soon get credited to your account. After completing the deposit, you can start placing bets on various sports using your LTC funds.
Withdraw Your Winnings
After successfully placing your bets and winning them, it’s time to withdraw your winnings. Like the deposit method, you need to visit the payment page again and then select your withdrawal method, enter the amount you want to withdraw, and confirm the transaction. The money will soon reach your bank account and cash out your winnings.
What are the Advantages of Litecoin Sports Betting? Explains the Viral Internet Experts
LTC is becoming a popular method of payment on sports betting sites. But why is it so? What are its advantages over the other payment options, and why should you choose it? Jimmy Daytona shared a few such advantages of Litecoin with the Viral Internet team. Keep reading to find out!
High Transaction Speed
LTC transactions take just around 2 to 6 minutes compared to the lengthy transactions taken by other payment methods like Visa, MasterCard, PayPal, etc. No wonder why people choose it over the other payment services available!
Minimum Transaction Charges
Are you tired of paying a high transaction fee every time you deposit money? Of course, but gladly, you can easily transfer money without paying high fees when using LTC. The transaction charges are usually less than $1 with Litecoin.
You can Deposit Minimum Funds and Cash Out Maximum Winnings
The flexibility that Litecoin offers is superb. Using this crypto, you can deposit less money and cash out much higher winnings.
It Constantly Gets Updated
Thanks to the crypto developers, LTC gets updated almost every year. So it is made better and faster to meet the market’s requirements without any hassle. The change might be minute, but it is important for the healthy usage of the coin.
When you pay using LTC, you give utmost importance to your privacy and security. Gamblers are free of any surveillance and can place their bets discreetly. It is because third-party agencies do not monitor them.
What Are the Best Litecoin Sports Betting Sites?
Jimmy Daytona recommends a few excellent sports betting sites where you can use Litecoin. These sites are known to offer the best bonuses and sports selection. They are also licensed by renowned authorities, making them safe and secure for gambling:
- Sports Betting
We hope this blog helped you learn a lot about how you can use Litecoin. Jimmy says that even the price fluctuation of the coin can be taken positively because, in the coming days, the price will supposedly increase. Even though there are no such downsides, the coin value is influenced by its market value. For instance, if the coin’s market value falls, its actual value will also get reduced. But similarly, it will increase if the value of LTC gets spiked up in the global market. Besides this, there is no con to using LTC in gambling.
Make sure that you learn all about cryptocurrencies before using them for gambling. It will help you ensure that you buy and use the currency smoothly. So when are you planning to use LTC for sports betting? Do let us know!