Litecoin Sports Betting Deposits – Top Online Sportsbooks Accepting Litecoin
The best legal online sports betting sites operating outside of the USA take almost every American bettor aged 18 and up. But due to various US banking regulations, it’s not always a cinch to load up your betting account. Traditional legitimate sportsbook banking methods, such as credit and debit cards, are sometimes declined, and other options can take several days to fund your bankroll.
Fortunately, cryptocurrency gambling deposits – particularly Litecoin sports betting deposits – make it faster, easier, and safer than ever to get your account topped off so you can wager on all your favorites – and underdogs! – ASAP. You may even soon be able to use PayPal to buy Litecoin (see below for details), which could expedite things even further. To learn more about sports bet funding with the LTC crypto, our brief guide is off the blockchain!
What Is Litecoin?
Litecoin is a cryptocurrency, currently rated as a “stablecoin” and ranking in the top 10 of all cryptos in terms of trading volume and market cap. The Litecoin ticker symbol is LTC, which is how you’ll often see it designated at online exchanges.
However, each crypto is different, and Litecoin has several advantages that the fastest online sportsbooks often use compared to its many peers. This is particularly true when it comes to things like Litecoin betting or Litecoin gambling, compared to Bitcoin betting or gambling with other crypto tokens (i.e. Bitcoin Cash, Ethereum, Stellar, Ripple, etc.).
While LTC uses a blockchain protocol like most electronic currencies, it’s designed to be a much faster Proof-of-Work (POW) crypto than Bitcoin (BTC), with processing speeds 5X-10X quicker. This makes it ideal for online sports betting deposits, as bettors need to be able to get their funds transferred immediately whenever they see an attractive betting line.
While the jury’s still out as to whether or not Litecoin investing is better than Bitcoin investing, it’s clearly a superior deposit option. That’s why all major online USA sportsbooks that accept BTC are also Litecoin betting sites.
Are Online Litecoin Sports Betting Sites Legal?
Yes! In America, you can legally access Litecoin gambling sites to bet on your favorite sports because there are no federal US betting laws preventing you from doing so. (The Wire Act applies only to US-based sportsbooks that take wagers across state lines.) Additionally, 48 out of 50 US states have no laws criminalizing access to non-domestic betting sites.
Washington has laws barring residents from all forms of online gambling, including sports betting. However, these are apparently unenforced, as we’ve never heard of any WA residents being so much as fined for betting on sports online. However, if you live in either state and wish to gamble with Litecoin at online international sportsbooks, you must do so only at your own risk.
Benefits To Using Litecoin For Legal Online Sports Betting
When you use a Litecoin sportsbook to wager on your favorite athletic contests, you get a number of benefits compared to using more traditional banking methods.
Cryptocurrencies like LTC are the best ways to get your sportsbook account funded, offering members who use Litecoin a compelling number of perks.
- Legal for all US sports bettors aged 18+
- 100% deposit success rate – No UIGEA interference
- Transfers take just seconds to process
- No added transfer fees for deposits or withdrawals
- Minimal Litecoin fees (part of the LTC blockchain protocol) – Cheaper than Bitcoin or Bitcoin Cash!
- Higher deposit limits and payout limits
- Blockchain technology is quantum-hacking-resistant
- Increased security and anonymity for private data
- Enhanced crypto betting bonuses for all deposits
- Allows players to claim same-day payouts!
Litecoin Bonus Options
The bonuses you get for making your first (and often subsequent) deposits at the best sports betting sites are the best ways to boost your bankroll – and your sportsbook payouts! – to new heights.
Because all the top USA sportsbooks prefer their members to deposit and withdraw in LTC and other cryptocurrencies, they sweeten the pot by offering enhanced bonuses that go above and beyond the normal sports betting bonus options they advertise to new and returning players.
For example, a typical Visa betting deposit or Mastercard betting deposit will let you claim bonus bets worth $250-$1000 depending on the site you choose. But when you deposit with LTC, these legal online sportsbooks often double or triple the amount of sports betting free plays you receive!
Best of all, the rollover requirements stay the same, which means that the terms and conditions of these optional online sportsbook promos are easy to meet and perfect for every player.
How To Buy Litecoin
To deposit LTC into your sports betting account, you must buy some Litecoin to deposit. That’s easy, but for first-time crypto users, the process may seem a little intimidating. Fortunately, it’s simple, and we’ll walk you through it.
First, you’ll usually want to buy LTC when the Litecoin price is lower than its average. If you pay attention to the Litecoin value via various tracker websites, it’s easy to tell when the time is right to buy. You should also pay attention to Litecoin predictions to see whether or not the “Litecoin stock” is projected to rise or fall in the next day or two.
Once you see a Litecoin price in USD that works for you, the next step is to find a Litecoin exchange (i.e. Coinbase, Bittrex, Kraken, etc.). There, just make a free account, verify your identity, and link your bank account or credit/debit card to your profile. Then, simply select the Litecoin option and buy as much LTC as you want.
Note: For first-time buyers, this USD-to-Litecoin process can take up to 10 days, which means that sports bettors in particular will want to factor that into their plans. If you need to wager ASAP, there are better options than buying LTC on the exchanges (discussed below).
How To Buy Litecoin With PayPal
If you've ever wanted to buy crypto with PayPal, you finally can. However, there are a few caveats to consider when buying Litecoin with PayPal, especially if you intend to use that LTC for sports betting at legal international gambling sites. Essentially, right now, you can't actually do it.
Using PayPal to buy Litecoin is possible, but for now, PayPal's crypto marketplace only allows buying and selling LTC to other PayPal users in their closed ecosystem. For example, you cannot yet buy Litecoin with PayPal and then transfer that LTC out of your PayPal wallet. Once that temporary restriction is lifted, however, you will be able to buy LTC with PayPal and then transfer it immediately to your online betting site of choice.
For now, however, we must reiterate: Do not use PayPal to buy Litecoin if you wish to use it for gambling purposes. Instead, you can buy LTC at any of the normal crypto exchanges through the simple processes described on this page.
Where To Buy Litecoin
Now that you know how to buy LTC, the next step is to determine where you’re going to buy it. Since PayPal is out of the picture until Litecoin trading is allowed, there are basically three easy options. However, due to the nature of crypto, you can always find LTC for sale through private channels, too.
If you decide to go that latter route, however, you should ensure that you trust your seller and proceed only at your own risk. Otherwise, the following options are the best methods for buying Litecoin.
Online crypto exchanges are where most people purchase their LTC. Every exchange will have a slightly different Litecoin-USD conversion rate, and they each offer Litecoin calculators to show you how much your fiat money translates to whenever you make a buy order.
Because these exchanges each use a live Litecoin price chart, you’ll know exactly how far your money goes when you purchase the crypto. These are the most popular LTC exchanges in the USA:
- PayPal (coming soon)
As mentioned above, buying through an LTC exchange can take up to 10 days for first-timers. Usually, that’s not a problem if you plan ahead. Of course, for some bettors, time is of the essence, and they need their LTC right away.
For such bettors, the current price of Litecoin may not matter so much (and given the crypto’s constant upward trajectory, it really doesn’t for most folks, anyway), which makes sportsbooks that support QuickBit and QB Direct especially attractive.
2021 Update: QuickBit is no longer supported by the best online USA sports betting sites. If you wish to deposit with the LTC cryptocurrency, you can buy Litecoin easily on any commercial exchange. Please be sure to factor in any associated wait times (5-10 days) if it's your first time purchasing crypto online. Alternatively, to buy crypto with no wait, you can use out the Zelle-to-Bitcoin method.
Many of the best legal online sportsbooks support the new QuickBit deposit option, which makes it a comparative breeze to deposit into your betting account with Litecoin.
QuickBit is a third-party platform that allows members of certain sports betting sites to purchase Litecoin via Visa or Mastercard. The transactions have a 100% success rate, and your fiat currency is immediately converted to LTC and sent to your betting account automatically.
Sports betting deposits using QuickBit are reliable, safe, secure, and extremely fast, usually clearing in just a few seconds so you can wager immediately.
2021 Update: The best-rated online sportsbooks for USA bettors no longer utilize the QB Direct service for rapid Litecoin deposits. If you wish to make LTC betting deposits, you can easily buy LTC on any commercial exchange, though first-time buyers will have to wait 5-10 days before they can use their new Litecoin to deposit with any online betting site. And remember, you can use Bitcoin and the Zelle-to-BTC process to bypass regular exchange wait times.
QB Direct is basically the same service as QuickBit under a different name. Several of the best online sportsbooks for US players implemented QB Direct (back when it was still called that instead of QuickBit), and they have yet to update the branding with the new name and logo of the service.
However, the platform itself is identical, and the QB Direct plugins at any reputable sportsbook site will take you to the QuickBit EU money transfer portal.
There, just enter your card information, the amount of money you wish to deposit into your sportsbook, and QB Direct takes care of the rest. Your funds will be submitted to your sportsbook in the form of LTC, and you’ll be able to bet on your favorite players and teams right away.
Best Litecoin Wallets For Online Sports Betting
If you’re looking for the best Litecoin wallet to use for sports betting bank management, you have several options.
In general, because it’s important to get your betting account funded quickly so you don’t miss out on any valuable odds or lines, we recommend using a web-based or software wallet option. If you’re willing to jump through an extra hoop or two, hardware LTC wallets are a bit more secure and may offer you better peace of mind.
The only Litecoin wallets we don’t recommend for sports wagering are Litecoin paper wallets, as these are for cold storage and not suitable for those looking to trade their LTC or make LTC purchases.
Litecoin Online Wallets – Blazing
- PayPal (coming soon)
- Other LTC exchange wallets
Litecoin Software Wallets – Bright
- Electrum LTC
- Guarda Wallet
- Atomic Wallet
- Exodus Wallet
- Litecoin Core
- LiteWallet iOS
- LiteWallet Android
Litecoin Hardware Wallets – Dim
- Ledger Nano S
- Ledger Nano X
- Trezor One
- Trezor T
Litecoin Paper Wallets – Dark
Sports Betting Same-Day Payouts With Litecoin
One of the best reasons to use a cryptocurrency to fund an online sports betting account with overseas operators is that they offer the only way to claim same-day payouts.
All other methods – such as bank wires, money orders, courier checks, etc. – take 3-5 days to process and come with added fees that can sometimes be quite significant.
However, when you withdraw your sports betting winnings in Litecoin, you’ll get your money the same day you request it, and there are no transfer fees to worry about. Additionally, crypto payouts typically have much higher limits than most other options, allowing you to claim even more of your cash at once.
That said, in order to claim a Litecoin payout, you must first deposit using Litecoin, and you must also make sure you’ve met the terms and conditions of any LTC betting bonus you’ve accepted.
You can buy Litecoin through any common online cryptocurrency exchange (Coinbase, Kraken, Bittrex, etc.).
You can also use the QuickBit/QB Direct service at participating sportsbooks to rapidly deposit LTC into your betting account without having to wait.
Yes, we believe so. Litecoin has had a very positive upward trajectory over the course of its lifetime since it first launched in 2011.
As of Q1 2021, LTC is trading at about $160 per token, and it’s the eighth most traded crypto asset in the world.
According to reliable Litecoin price prediction analysts, the token could break $1000 per unit within the next 2-3 years.
Yes. Litecoin is historically one of the best cryptocurrency investments, and its status as a stablecoin in the top 10 of all cryptos is unlikely to change any time soon.
In addition to using LTC for sports betting deposits and withdrawals, we like the crypto as a bona fide financial investment asset.
As of Q1 2021, the LTC price in USD is about $160 per token.
This is well short of its all-time high of $360 in 2017, but LTC underwent a “halving” in 2019, which means that it’s not actually too far off the mark!
Most crypto insiders think Litecoin will eclipse its ATH sooner rather than later.
We can’t imagine it wouldn’t.
While cryptocurrency is famously volatile, it has a long-term upward trend in general, and one look at LTC’s historical performance shows this to be the case with the coin.
The only real question is how high Litecoin can go!
Litecoin crashed somewhat – along with most other cryptos – in 2018 or so, but as it underwent a halving in 2019, that crash wasn’t nearly as significant in the long run.
LTC has been more stable than many other so-called stablecoins, which is one of the reasons Litecoin investing is so compelling.
As with Bitcoin, Litecoin was able to be mined relatively easily by individuals in the early 2010s.
However, with the cryptocurrency being so evolved and its algorithm so complex, the hashing power required to process blocks is not reasonably within the capabilities of an individual or individual computer.
If you want some Litecoin, just buy it at the exchanges.
TANSTAAFL, that’s how.
In other words, forget about getting free Litecoin.
Mining is off the table unless you’ve got millions of dollars to dump into a server farm, and everything else out there that claims to give you free LTC is a scam.
Of course, if you deposit into your betting account with LTC, win your wagers, and then claim your payouts in the crypto, that’s effectively free Litecoin…
Wait a minute, we think we may be on to something, here!
Litecoin is one of the most popular and profitable cryptocurrencies in the world. It is very much alive and well.
Amusingly, there is no such coin. “Litcoin” is a simple and common misspelling of “Litecoin.”
That said, you’d think that by now, someone would’ve developed a Litcoin crypto token just for the LULZ.