Litecoin Betting Sites
You can learn everything you need to about bitcoin on our site, but what about other cryptocurrencies? There are more options than bitcoin available online today, and one of the leading choices is litecoin. In this guide, we explore how litecoin works and which betting websites accept it as a form of payment.
As the altcoin market grew and lowered the dominance of Bitcoin around %30 of the crypto currency market, the importance given to Ethereum and litecoin has been increased. Sports betting websites has also responded to this and added litecoin as a new withdrawal and deposit option to their bookmakers. This gives bettors even faster option to withdraw their winnings.
Users can make transfers with litecoin just as they do with bitcoin, and it offers the same sense of privacy. No government body or regulatory organisation has any sway over litecoin, and it’s also produced through mining.
What is litecoin mining? Well, this involves processing a running list of litecoin transactions from around the world. A new litecoin block (a public ledger of litecoin activity) is created every 2.5 minutes; this is substantially faster than the 10 minutes it takes bitcoin blocks to generate.
Miners can verify blocks and help them to enter the litecoin blockchain, and receive 50 litecoins in reward for their time and effort. There are only 84 million litecoins available in public circulation at any one time.
You can expect most of the same benefits of using litecoin as you would with bitcoin, such as privacy and freedom from banks, governments, and other bodies. There is also the faster processing (if not instant) and the lower (if not absent) charges. As you can see, litecoin is a popular cyrptocurrency with good reasons, especially its faster mining processing (for any users out there up to the challenge, that is).
Where can you Bet with Litecoin?
If you want to make wagers online with litecoin, where can you go? There are various websites out there accepting litecoin, but not all of them have UK licenses; depending on your location, you might want to only spend your litecoin at betting sites permitted to target British players.
1. Sportsbet.io (Does not accept UK players)
Sportsbet.io is the best place to bet with Litecoin if you happen to live outside the UK. UK gamblers unfortunately can not register to their original website Sportsbet.io. They are automatically redirected to their UK licensed website Sportsbetio.uk which do not offer any crypto currency as a payment method. This leaves the UK based LTC-lovers unhappy and sad.
Other than that Sportsbet.io is a great place to gamble with your Litecoin’s for the lucky souls who can register to their betting emporium. Try their easy sign up page, fast deposits and even faster withdrawals and you will thank us later.
2. 1xBit (Does not accept UK players)
At present, 1xBit is the only UK betting site accepting litecoin as a payment method. This is a fantastic online sportsbook and casino, featuring a huge selection of wagering options across multiple categories. The sportsbook is a well-designed feature of the site, including all of the big sports markets you are likely to prefer. You can place bets on football, tennis, badminton, cricket, darts, cycling, and other favourites for UK gamblers. As well as these markets, though, 1xBit offers access to other markets, including American football, Aussie rules football, baseball, basketball, and more. eSports is one of the most intriguing, enabling you to place wagers on the outcome of professional video-gaming tournaments, across big titles like Call of Duty and WarCraft.
Live betting can be used to bet on the outcome of games already underway, while live casino games are available too. You can interact with professional dealers to play classics like blackjack and poker in real-time. The casino section has a large variety of slots, with games from some of the biggest developers today. 1xBit takes no charge for using litecoin, and the processing is instant. The minimum deposit is 1.00 mBT.
Betcoin.ag is a stunning website with multiple sections dedicated to different areas of online wagering. There is a casino, live casino, sportsbook, virtual games, and poker. The presentation is outstanding throughout, while the sheer variety of betting options is staggering, truly offering something for everyone. Betcoin.ag takes Ether, bitcoin, and litecoin.
4. Coinbet24 (Accepts UK Players)
Coinbet24 used to offer only Bitcoin as a crypto currency but lately they have added more than 10 new cryptos. They offer deposits and withdrawals by Blackcoin, Clams, Dash, Dogecoin, Ethereum, Ethereum Classic, LBRY Credits, Litecoin, Augur, Reddcoin, Startcoin, Vertcoin and Zcash. As you can see valuable litecoin is one of the available options.
You can learn more about using bitcoin and litecoin elsewhere on our website, as we cover everything from setting up your own wallet to reviews of the best cryptocurrency betting sites. We once more list the litecoin betting sites with coinbetting.co.uk’s ratings, reviews, bonus offers and signup addresses at the table below: