Today, more and more people are starting to use cryptocurrencies. Cryptocurrency is a special digital-only medium of exchange. Many people across the world are actively using it, and many more have at least heard something about it. Some are even trying to raise money off them, with different success. It’s likely that you’ve heard about at least some cryptocurrencies like Litecoin, Ethereum, Bitcoin, etc. The main reason to use cryptocurrencies lies in their safety and anonymity. They have special cryptography, and as long as you have your wallet or a hard drive, you’re fine and safe. This article will be useful both for those gamblers who know about cryptocurrencies and for those who haven’t invested their time into learning about this topic before.
As of the time of writing this article, the price of Litecoin is $202 per coin. Since its launch, Litecoin has become more and more expensive, though it’s not to be considered as some sort of a problem. From the time when cryptocurrency became a thing, online casinos and gambling websites found cryptocurrencies as a topic of great interest, and quite rightfully so.
Cryptocurrency is ideal for gambling purposes. Today we’re going to give you some information about cryptocurrencies and how to use it for gambling purposes. The main reason cryptos are so good for gambling is because they allow you to be anonymous and don’t pay giant bank fees as it is with regular banking and most e-wallets. This is why many gamblers love cryptocurrencies, and Litecoin is a really good choice for that use. Australian online casinos are constantly improving their services and are including more and more cryptocurrencies every now and then, but in this article, we will give you the full information about Litecoin and Australian online casinos that accept Litecoin.
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Can Litecoin be used in Australian online casinos?
You can already tell that this article is a guide for all Aussie gamblers that will tell you more about Litecoin and how to use it for gambling, as well as other cryptocurrencies. For those who wouldn’t want to use Litecoin, we will write about some of the alternative ways of making payments at online casinos. There are a lot of different Australian online casinos that accept Litecoin. Though Litecoin is not as popular as Bitcoin or Ethereum, it is still in the top ten and most cryptocurrency casinos accept it, so you won’t have a problem with finding one that suits you.
As for the question of this paragraph, the answer is yes, you can use Litecoin in Australian online casinos. Also, if you can’t decide on what casino you should try, our experts will give you the information on some of the most popular online casinos that accept Litecoin down below.
What is Litecoin?
Litecoin is a Bitcoin hard fork that is cheaper to purchase, but also less known. One of the most prominent improvements over Bitcoin is the fact that the Litecoin network can process blocks much faster, with an average processing speed of 2,5 minutes. This is way better than BCH and hence why many people are preferring LTC over BCH. Because of that, more and more online casinos are accepting Litecoin as a payment method.
At the time of the writing, Litecoin costs $202 per coin and the transaction cost is less than a US dollar cent, so the fees are practically non-existent. This means you may find Litecoin in many different online casinos.
Cryptocurrency gambling guide for Aussies
Cryptocurrencies are a relatively new thing to most people and in the early 2010s were considered something for geeks. Now, we know the true power of cryptocurrencies and that they are relatively easy to learn and use. It’s not as hard and confusing as it seems at first sight. Still, there is a somewhat steep learning curve to some aspects, that is the reason why we wrote a short guide for those who are still new to this topic. Look through to freshen your knowledge and maybe find something useful for you! If you know how to use cryptocurrencies and how to keep yourself safe while doing so, feel free to skip these few paragraphs.
Get a secure wallet
First and foremost, the simple truth about cryptocurrency security is that you have to get a secure crypto wallet. That is the most basic, yet effective thing you can do. Most cryptocurrencies aren’t in any way connected to any banking system (bank accounts or credit cards). This is both good and bad at the same time. You can’t really legally claim ownership of your money, but in return, it’s really hard to trace you if you take precautions. Be sure to check the wallet app that you’re willing to use for having data breaches in the past.
Without delving into much detail, the only way to claim your money is not to have them stolen. Have a strong password and a secure wallet, that’s it. If your password has been leaked, it’s most likely that you may lose all your coins. That’s why you should look for the most secure crypto wallet for you to use, the one that never had any data leaks and has quality protection.
Create a secure password you won’t forget
From the paragraph above it’s not hard to guess that the most valuable tip for a crypto gambler is that you need a very strong password, but one that you won’t ever forget. If you forget your password, you will have no other way to claim your money. However, if you have an easy password, it might be easier for hackers to steal your money. It might be a good idea to make a long password, write it down on a piece of paper and hide it somewhere safe, too. A good way of making memorizable passwords is using short phrases or sentences.
Change the address to stay anonymous
Well, this paragraph isn’t as important for the safety of your money, but nonetheless, it’s very important for your personal safety. That is if you want to use the main advantage of cryptocurrencies, which is anonymity. You are anonymous when you’re using cryptocurrency, but you’re not anonymous at the online casino. You probably have already gone through the KYC procedure and gave the casino at least some information about yourself.
When you are withdrawing money from a casino, it will be easy to track you and pinpoint that you are the owner of such an address. Anyone can look up your deposit and withdrawal transaction history through a public blockchain explorer. To avoid that, you should create a new address every time you make a payment to keep yourself anonymous. With that, our cryptocurrency crash course has come to an end and you are welcome to read the rest of this article about using Ethereum in Australian casinos.
How to deposit money with Litecoin
To make deposits with Litecoin, you will need to get yourself a cryptocurrency wallet first. There are a lot of different LTC wallets. Choose the one that is more suitable for you and don’t forget to check whether it ever had any data leaks. After you have registered a wallet, you will need to place a buy order on the amount of money that you want. The transaction might take some time, it won’t be instant usually. After that, you’re good to go and have your Litecoins in your crypto wallet. Sign up or log in to an online casino of your choice and go to the payments page. There you will need to choose Litecoin as a payment method and enter all the details. There will be a confirmation, and after that, at last, your coins will be sent to the receiver shortly.
How to withdraw money with Litecoin
It’s almost the same, but kinda vice versa. After you have won a sick jackpot, go to the payments page of your casino, click on the Litecoin icon in the withdrawal section and enter your details. After you hit enter, your order will be marked as ‘pending’. Yes, online casino withdrawals aren’t instant. The amount of pending time varies from one casino to another, but usually it’s something between 24-72 hours. Cryptocurrency transactions tend to be processed somewhat faster. After the pending time, your funds will be added to your crypto wallet shortly for you to enjoy your cash.
Here we present some good news for all low-budget gamblers, because there are many Litecoin wallets and you will have no trouble finding one with the minimum amount that suits you. Some of these wallets have minimum deposit amounts as low as $2! But you should note that although you can make such low purchases of Litecoin, online casinos have their own minimum deposit amounts, which are usually no less than $10.
Our experts are happy to inform you that there are online casinos that will grant you bonus cash just for depositing with Litecoin! Some online casinos highly encourage the use of cryptocurrencies and especially, Litecoin. Search for the right casino and you might find the one that will grant you bonus cash just for the right deposit method. It’s very convenient, isn’t it? Also, do not forget about your Internet safety when you’re making payments to online casinos.
One of the main reasons why people are using cryptocurrencies is the fact that fees are practically non-existent for your transactions. While the Litecoin cost is now about $202 per coin, the average transaction cost is less than one US dollar cent. Compared to at least a few percents via regular banking, Litecoin clearly wins this one.
Safety of transactions with Litecoin
As we have already mentioned, Litecoin transactions are completely safe. However, your wallet might not be. There is always a small possibility of a data breach, so you have to choose carefully. Though it doesn’t happen often, really. Most of these crypto wallet systems are so hard to breach that hackers don’t even bother themselves trying, so googling about the wallet should be enough. Don’t forget your password and don’t forget to change your address after transactions so that you couldn’t be traced and stay anonymous.
What countries accept Litecoin for gambling payments
Litecoin is legal in several countries that include the USA, Australia, Great Britain, Canada, and a couple of dozens of other countries. Beside that, you can use Litecoin in most other countries, but you won’t be able to trade it with the bank or another institution, because cryptocurrencies around the world are still lacking regulation and acknowledgment as a payment method. It is only banned in a few authoritarian states, so don’t worry about that in Australia.
What countries restrict the use of Litecoin?
The only countries that prohibit the use of crypto outright are dictatorships like China. Saudi Arabia prohibits it as well. As for our homeland, you’re free to use whatever crypto you want, LTC included.
Pros of gambling with Litecoin
The main reason why gamblers all around the world are using Litecoin is that you are paying little to no fees and can stay anonymous while doing so. We’ve mentioned some of the tips you might consider valuable on how to stay anonymous, and that is another upside of Litecoin. The other good thing is that you can find online casinos that will give you more free money for making a deposit with Litecoin, so enjoy!
Cons of gambling with Litecoin
Though nowadays there is a lot of cryptocurrency casinos, their amount is increasing rather slowly, and there is a reason for that. Some people find it hard to learn how to use cryptocurrencies. Though experienced users and those in the IT-sphere will find it relatively easy to do that, many other people don’t. There is a learning curve to cryptocurrencies and that is why some learners just give up and use regular banking for gambling. Another downside is the fact that Litecoin isn’t as popular as other cryptocurrencies, and because of its name, it might never achieve that level of popularity. The payment that you make with Litecoin, though they are faster than Bitcoin, is not instant and it may take a few minutes to process.
Best 5 Australian Casinos To Use Litecoin
Golden Reels Casino
Golden Reels casino was established in 2019 under Curacao Gaming Authority, and since then it was fair and fun for every new gambler, attracting more and more people every day! They have a very generous bonus program, starting with a welcome bonus that is split into five payments and goes up to $3000 + 200 free spins! Ain’t that great? But there are also a lot of weekly promotions and a VIP-program for big gamblers, so don’t hesitate to try it out! The minimum deposit amount for this casino is $10.
PlayAmo has been operating since 2016 and has already made itself a name as one of the most popular online casinos. It is licensed by the Curacao Gaming Authority, which means that this casino is fair and follows a strict set of rules. This casino has a welcome bonus of up to $1500 + 150 free spins for all gamblers out there, indeed, a very generous offer. PlayAmo casino also offers its players a Friday reload bonus of a 50% bonus up to $250; and a Free spins bonus, active on Mondays where you can earn up to 100 free spins for Hotline of Fruit Zen pokies. The minimal deposit amount for this casino is $25, which might turn away some of the low-budget gamblers.
Dreaming of being rich? You are granted a good chance to get richer at the Rich Casino! This is a pretty old, classical even, online casino that has been operating since 2008 and is licensed by Curacao Gaming Authority. You won’t find such a variety of unique pokies anywhere else! Rich Casino offers a welcome bonus of a 200% match rate up to $1000 + 30 free spins. For careful gamblers, you can use a no deposit bonus of 45 free spins, so what do to have to lose? Don’t hesitate and try it out for yourself! The minimum deposit amount for Rich Casino is $10.
Bitstarz Casino is a great place to stay and have some fun. It has been operating since 2014 under the Curacao Gaming Authority license and as always grants its gamblers tons of fun and funds! It has an astonishing welcome bonus that goes as high as up to $10000 + 180 free spins! Could you believe that? The bonus is divided into five separate payments so that you don’t burn up your bonus cash. A great place to stay for all big gamblers. Bitstarz also has a VIP-program that will certainly make it even more attractive for wealthy gamblers.
Betsedge is a relatively new online casino that has been operating since 2019 and in that little time, it managed to gain a really stable player base. Betsedge casino is operating under the Curacao Gaming Authority license and is following strict rules. Therefore, it is completely safe to play. This online casino offers its players a welcome bonus of up to $500 plus 225 free spins. Ain’t that something? Every Aussie would love that many free spins, so why wait?
Alternatives To Litecoin For Funding Online Casino Accounts
The most popular and most basic way of making payments in online casinos. Though regular banking has its own flaws when it comes to the gambling topic, you might want to ask yourself, is it really worth the hustle? It might be hard to grasp cryptocurrency trading for some people, and some just don’t want to bother themselves with extra steps. If you are such a person yourself, you might want to just use your credit card.
If for some reason you don’t want to use cryptocurrencies and credit cards, we present you Neosurf. Neosurf might be a great alternative both for credit cards and cryptocurrencies, with few downsides. One of the main reasons that Neosurf is popular in gambling is the fact that it doesn’t store any of your data, which means that you are completely anonymous if you’re using VPN. Neosurf is accepted in many Aussie Litecoin casinos, so you won’t have a hard time finding a casino that is suitable for you. Note, that there is a downside to Neosurf. You can’t make withdrawals from casinos to your Neosurf account, so you will have to find yourself something else for that purpose.
The most renowned cryptocurrency, Bitcoin. The fact that this is the first crypto makes it very popular, but it’s not that it’s the most comfortable cryptocurrency. Litecoin was designed to be better than Bitcoin and it really is. Bitcoin has a somewhat longer transaction time and is generally a lot (like, really a lot) less affordable than Litecoin. Even though it’s somewhat worse, you will definitely have no trouble finding an online casino to your liking if you choose to use Bitcoin.
Ethereum is a hard fork of Bitcoin that was designed to be better at every flaw. Ethereum works faster than Bitcoin and pretty even with Litecoin in that aspect. Ethereum also has a unique security feature that is smart contracts. In short, the transaction won’t be sent unless it confirms a few more things so that the transaction is fully safe. Smart contracts make any kind of fraud a lot less possible, so you don’t have to worry about that. Overall, it is a pretty good substitute to Litecoin, so you may as well want to use Ethereum.
Litecoin Casinos FAQ
Am I safe to use Litecoin to deposit to a casino?
- Yes, you are perfectly safe while using Litecoin to make payments in online casinos. But, take note that the risk of using cryptocurrencies is not that there might be a data leak, but the fact that if it happens, you won’t be able to do anything about it and claim your money back. Take that into consideration and be cautious when you’re making transactions. Maybe you would want to re-read our crypto safety crash course at the beginning of this article, feel free to do that.
Can you make withdrawals with Litecoin?
- Yes, you will definitely have no problems with getting a withdrawal from an online casino in Litecoins. Here’s what you will need to do. After you got that wonderfully fat stack of cash in your casino account, go to your payments page and choose Litecoin as a withdrawal method. Then you will need to input the details (wallet code, withdrawal amount) and hit enter. After that, your order will be marked as ‘pending’, usually that is for between 24 to 72 hours. When the pending time ends, your order will be processed and your Litecoins will be sent right to your wallet.
How to deposit money to a casino with Litecoin?
- We assume that you have already read everything prior to this point, so you must be perfectly capable of doing this, it won’t be hard. Here is a quick summary. Get yourself a crypto wallet. With that, you can now buy some Litecoins. Now, that you have your Litecoins, sign up or log in to your online casino account and go to the payments page. Choose Litecoin as a payment method, enter all the details, confirm the payment and the funds will be transferred shortly.
Are there plenty of casinos that support Litecoin?
- Though Litecoin isn’t as popular as, for example, Bitcoin or Ethereum, there are a couple of dozens of online casinos that accept it, so you won’t have trouble finding the right casino for yourself.
Can I get a bonus at the casino for using Litecoin?
- Yes, you sure can get a bonus just that, and that is great. Some casinos encourage the use of cryptocurrencies and you can get free cash just for using Litecoin to make a deposit. Besides that, you will be able to claim regular bonuses as well, so it’s totally a win-win deal.
How do I benefit from using Litecoin in online casinos?
- First of all, you are anonymous when using Litecoin. If you follow some rules of safety, you will be able to be completely untraceable while gambling, that’s why many gamblers are using cryptos in the first place. Then, as we said earlier, you are paying much fewer fees for Litecoin transactions than you do in regular banking operations. And also in some casinos, you can get bonuses just for using Litecoin, so that is one more benefit in pure cash.
Where do I get these Litecoin tokens?
- Though it might seem somewhat hard at a first glance, when you learn a little about this topic, it’s pretty much easy. When you have a crypto wallet, go to a trading site and place an order for the amount of Litecoins you want. There are many guides on how to do that and wallet apps usually have them, so this won’t be hard, too.