- Sports betting with Litecoin – An introduction to our comparison
- How we can help you to find the best Litecoin betting sites
- A bit about Litecoin – The basics
- The advantages of using litecoin for sports betting
- Disadvantages – Is volatility really a problem?
- How to use the best Litecoin betting sites
- Are Litecoin sports betting sites any different?
- Best Litecoin betting sites – Let’s wrap thing up
- Best litecoin betting sites FAQ
Sports betting with Litecoin – An introduction to our comparison
Cryptocurrencies are now being embraced for use in everyday life, the way they were always intended to be. Gone are the days of merely trading or buying with the sole intention to HODL (Hold on for dear life). And thanks to its fast speed and decent market value, Litecoin is becoming one of the most popular coins in this respect. While people may not yet be regularly paying for coffee at the Starbucks counter in crypto quite yet, Litecoin payments for services and products are already commonplace online.
One of the sectors that has been the fastest to embrace Litecoin, and crypto payments in general, is sports betting. Using Litecoin, or cryptocurrencies in general, for online betting offers a number of advantages to both the user and operator alike – it’s a win-win situation. There are literally thousands of websites around where you can compare the best fiat currency betting sites. And what we are delivering here at Esportsbetting.com is a comparison site exclusively for sports and esports betting with Litecoin and other cryptos.
How we can help you to find the best Litecoin betting sites
The comparison tool for online sports betting with Litecoin here at Esportsbetting.com contains reviews and ratings of all available operators. To create these reviews, our crew of crypto enthusiasts and gambling experts have conducted a fair and honest test on all of the Litecoin sports betting sites that are available today – and trust us, there are more than you probably think.
By looking at aspects such as how the crypto payments work, as well as the betting odds and sports available, we aim to deliver the fairest and most honest reviews possible. The endgame is that all of the reviews found within our comparison can help you find your ideal Litecoin sportsbook. If sports betting isn’t your thing, you can also find the best Litecoin casino with us as well.
A bit about Litecoin – The basics
Before we get down to the business of finding the best sports betting sites that accept Litecoin, let us first get back to basics. In order to understand why Litecoin is a pretty cool payment option for online sports betting, we first have to understand Litecoin in a bit more detail. So let’s run through everything quickly without taking up too much of your time.
Even if you’re fairly new to this whole crypto deal, you’ve most probably heard of Bitcoin – who hasn’t, right? Well, Litecoin (LTC) was launched in 2011, two years after Bitcoin, and was very much built upon the exact same model. In fact, Litecoin could almost be considered a carbon copy of Bitcoin, only with one key difference – and that difference is key to why Litecoin sports betting sites are becoming more and more popular.
Litecoin was built on a faster blockchain than Bitcoin, which essentially has made it more oven-ready to be used as an actual payment method in everyday life. While the actual mathematics behind it can be quite complicated, Litecoin was created to be around 25% faster than Bitcoin. Naturally, this makes LTC a better choice for those of us who actually want to use crypto to pay for things. You could say that Bitcoin is the investor’s choice, while Litecoin is the crypto user’s choice.
The advantages of using litecoin for sports betting
As we’ve already alluded to throughout this article, there are a number of advantages of using Litecoin sports betting sites over regular fiat currency sportsbooks. In the section that follows, we will take a slightly more detailed look at why Litecoin, and crypto gambling in general, has become popular and is strolling into the mainstream.
Security and privacy
Above all else, Litecoin and other cryptos give you a level of online privacy and financial security that traditional government-owned currencies simply can’t match. Litecoin is decentralized and is thus a payment form that is 100% anonymous. From the outset, this means that you don’t have to share any banking information or personal and financial details with the betting site.
Added to that, cryptocurrencies are also super-secure, especially if you store your keys in a hard wallet. You can essentially keep your assets completely offline in cold storage, which makes it completely impossible for hackers or cyber attackers to access them.
If you are already a regular gambler with a fiat currency sportsbook, you’ll know all too well that withdrawing your funds can be a total drag. There’s nothing more frustrating than thinking that your funds are on the way after the two-day approval process, only to find out that the bank will then take a further five business days to process the payment.
All in all, withdrawals to your regular fiat currency bank can end up taking as much as ten days – ain’t nobody got time for that! With the best Litecoin betting sites though, you can quite literally receive your money in minutes, or perhaps even seconds. All you have to do is click, wait and receive – it’s that easy!
While we do have to be fair here and admit that they are becoming rarer, sportsbooks charging a small withdrawal fee is still fairly common. Additionally, you also have the extra concern that your bank or e-wallet might charge you fees at the other end. In the worst case, your bank might not even allow you to send or receive payments to gambling companies. When using LTC for sports betting, you have no such worries. Even multicurrency sites that do charge a small fee for all withdrawals will still invariably charge a lower fee for crypto.
Yep, it’s true, Litecoin sports betting sites really can offer you better bonuses than regular sportsbooks! You might not believe it, but it actually costs sportsbooks a lot of money to support payment methods like Visa, Mastercard and PayPal. Cryptocurrencies, meanwhile, are a lot cheaper to support. That’s why you’ll generally find that the best Litecoin betting sites will pass these savings on to you in the form of bonuses that are higher in value. Additionally, sites that support both fiat and cryptocurrencies might also give users an extra incentive to make crypto deposits by offering things like LTC reload bonuses.
Admittedly, this isn’t an advantage that will suit everyone, but if you’re a serious high roller when it comes to sports betting, then Litecoin is definitely the way to go. Betting sites that accept Ethereum, Litecoin, and other cryptos will generally have higher ceilings in almost every capacity. This means bigger maximum deposit and withdrawal limits, as well as higher maximum bet limits on all sports.
Disadvantages – Is volatility really a problem?
One of the biggest arguments against cryptocurrencies is the fact that they are volatile, therefore exposed to potential spikes or plummets in value. The Bitcoin crash in 2017 is the big one that doubters will always point you towards. We’re not going to beat around the bush or try to hide behind it, the volatility of Litecoin and other cryptos does indeed pose a risk, and is something that needs to be considered when it comes to using the coin for sports betting.
Keeping an eye on the market
Essentially, using Litecoin sports betting sites adds an extra element that needs to be considered when you are betting. As well as the odds and EV of your actual bets, you also have to keep an eye on what’s happening in the market. Our advice here is to try and use the volatility of Litecoin to your advantage as best you can, though admittedly it’s not that easy. Ideally, you want to deposit into your sports betting account when the value is low and withdraw when it’s high. Of course, that is much easier in theory than in practice.
Playing in LTC vs USD
The best Litecoin betting sites will always give you the option to play in a fiat currency, usually USD as well as LTC. This means that you make your deposit in LTC, but you can then convert your account currency into USD. If you were to ask us which one is best, we’d have to sit on the fence and say it’s all down to individual preference and experience.
As crypto lovers and enthusiasts, our eye is always on the LTC market, and so we’re easily able to commit the market value to memory. For most people though, USD is easier to follow when betting and it also adds some stability to the value of your account currency.
How to use the best Litecoin betting sites
For first-time crypto and LTC users, we understand that the concept of buying Litecoin and then using it for sports betting can appear quite daunting. However, as we said before, Litecoin is very much making its way into the mainstream. As a result, it has never been easier to buy and use Litecoin for sports betting. Below, we’ve put together a handy guide that will take you through all of the steps, from buying Litecoin for the first time to opening your first Litecoin sports betting account.
It probably goes without saying, but before you can sign up for one of the best Litecoin betting sites, you first have to buy the currency itself. The first step towards doing that is opening a crypto wallet, which can be used to store multiple cryptos if you so wish, not just LTC. Rather than being a place your cryptocurrency is stored, the wallet is where your key to the blockchain is stored – but that’s a story for another day.
There are two different types of crypto wallets that you can have – software and hardware. Software wallets exist only online or in an app and are very easy to open, understand and use, which is why we recommend them for first-time crypto users. Hardware wallets are physical storage devices and are extremely secure. If you have a large amount of crypto, then we would always recommend buying a hard wallet.
The company that you open your software wallet with will also be a crypto exchange, where you will be able to buy Litecoin, usually using your debit or credit card. The process of buying Litecoin is quick and easy – it literally just takes a couple of clicks. The one thing that might be confusing for new crypto users is the fact that the price is constantly changing on the exchange. Additionally, you should also be aware that some wallets will impose a daily limit on the amount of Litecoin that you can buy.
Now’s the part where we come in, as you can use our comparison tool for Litecoin sports betting sites. As we said near the top of this article, you’d be surprised at how many LTC sports betting sites are now available. In fact, there are almost as many LTC sportsbooks as there are bitcoin betting sites. You can therefore use our comparison to find a site that has the other features that you are looking for, such as specific sports, a mobile app, and 24/7 customer service. 3
Now the fun really begins, as you can start betting on your favorite sports and discover just how awesome it is to use Litecoin for sports betting. We are in no doubt that you will have fun and will quickly realize the advantages of using LTC for sports betting. Of course, we’re under no illusions that Litecoin sports betting sites offer a gambling utopia, so remember to follow our advice and be aware of the risks and downsides.
Epic sports betting providers
Are Litecoin sports betting sites any different?
Thus far, the focus of our article has largely been on the crypto side of things, and it’s almost easy to forget there are sports and betting lines to be considered. One of the questions that we are most often asked by sports bettors who are new to crypto is if the betting site of Litecoin sportsbooks is any different.
Aside from the elements that we mentioned above, such as quicker deposits, better bonuses, and the volatility of crypto itself, the core product is largely the same. That is to say, you will still find all of the same sports, odds and betting lines that you know and love from your regular fiat sportsbook.
Best Litecoin betting sites – Let’s wrap thing up
Whether you’ve come here as an intrigued crypto-skeptic, a complete Litecoin newbie, or as a fellow crypto enthusiast who’s looking for a new betting site, we hope that we’ve been able to help. To quickly summarize what we’ve covered, we believe that there are more advantages to using Litecoin for sports betting than there are disadvantages. Still, we understand that there are risks involved. At the end of the day, the main thing to pay attention to is the volatility of the LTC market. If you can do that successfully, then you should have a fun time when betting with Litecoin.
Jaw dropping sports betting bonuses!
Best litecoin betting sites FAQ
Discover what cryptocurrencies are available to bet with today in our handy guide here at Esportsbetting.com. Our Litecoin sports betting guide has been created by our team of crypto enthusiasts and experts. We’re always on the ball and aim to bring you updates from the worlds of crypto and sports betting.
For legal updates on the status of Litecoin and crypto sports betting where you are, we recommend bookmarking the website Esportsbetting.com. Here, you will receive regular articles about the legal situation of crypto betting across the world. The world is starting to embrace crypto and your journey starts here.
A full list of all the best Litecoin betting sites for this month can be found within our comparison tool. Our crypto sports betting module is always up to date and has been designed to help our fellow cryptocurrency enthusiasts to find their ideal operators.
Gambling with Litecoin or other cryptocurrencies isn’t as daunting as you might think. To make it easier for you, our experts have put together a step-by-step guide to betting on sports with crypto. Simply follow the link for more.