CasinosCanada

Playing at Litecoin Casinos in Canada

charlotte paisley
Written By Charlotte Paisley

Litecoin is a popular cryptocurrency with many advantages. We’ll cover all you need to know about Litecoin gambling and introduce you to the best Litecoin casinos in Canada.

Best Litecoin Casinos in Canada

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  • casino-games-icon Huge games library
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  • Min Deposit $20
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Curacao
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  • crypto-icon Dozens of crypto options
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Across first four deposits. Bonus awarded in BCD. Wagering is 500x (but like rakeback). Full T&Cs apply.
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bitcoin ethereum bnb xrp dogecoin ripple tron cardano
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  • Min Deposit $20
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Curacao
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  • Max Deposit ฿150000
  • Min Deposit $20
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Curacao
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Curacao
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  • website-icon Widely established casino
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  • crypto-icon Casino accepts cryptos
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  • Max Deposit $15000
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Curacao
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  • Min Deposit $1
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Curacao, Kahnawake
oliver jackson Reviewed by Oliver Jackson

What is Litecoin?

Litecoin is a peer-to-peer cryptocurrency based on the Bitcoin protocol, but with faster transaction processing times. This is because it uses a simpler algorithm and has a shorter block generation time.

It is an efficient and faster alternative for transactions, widely used for transferring smaller amounts of money quickly and with lower fees. It is often considered a 'lighter' version of Bitcoin, hence its name “Litecoin.”

Purchasing Litecoin

To start your journey with an LTC casino, the first step is to acquire Litecoin. This can be done quickly and effortlessly at any reputable cryptocurrency exchange.

Some of the most popular exchanges in Canada are Coinbase, Kraken, and Bitbuy. Once you have chosen an exchange, purchasing Litecoin is a straightforward process:

  1. Create an account

    Sign up with a cryptocurrency exchange. The process includes sharing documents for verification.

  2. Link a payment method

    You must link a bank account or credit card to your account for convenience and verification purposes.

  3. Deposit funds

    Navigate to the deposit or wallet section of the exchange and deposit funds in CA$ or another cryptocurrency.

  4. Buy Litecoin

    At the Litecoin trading section, place an order to buy Litecoin. This can be a "limit order" or "market order."

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Choosing between a “limit order” or “market order” depends on the player’s objectives.

Market orders: execute instantly at the current market price. Suited for immediate transactions.

Limit orders: will be executed if the market price reaches your specified price. Buyers have more control over the purchase/sale price.

Storing Litecoin

When you purchase Litecoin, it's important to store it securely in a wallet. Here are some of the safest options:

  1. e-wallet-icon
    Hardware wallet

    These physical devices store your Litecoin offline, making them immune to online hacking attempts. Some of the safest hardware wallets include Ledger Nano S or Trezor.

    Most hardware wallets come with an app or software, allowing you to access your Litecoin holdings and make online payments.

  2. created-at-icon
    Paper wallet

    This involves printing out your cryptocurrency's public and private keys on a piece of paper, which then serves as your paper wallet. 

    Note that to transfer funds in a Litecoin casino, you will need to create a digital wallet and import your “paper wallet” by entering your private key.

  3. software-icon
    Software wallet

    When you buy Litecoin from a cryptocurrency exchange, it is automatically stored in a software wallet. Players can access the wallet through their account on their platform.

    Alternatively, you can download an application on your computer or smartphone, where your digital keys are managed and used to facilitate transactions directly from the device.

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To protect your funds from theft or hacking, always backup your wallet, use strong passwords, and enable two-factor authentication when possible.

Getting Started at a Litecoin Casino

Its low fees, speedy transactions and strong security make Litecoin an ideal online casino payment method. Let’s have a look at how to deposit and withdraw funds at Litecoin gambling sites.

Depositing Litecoin

Depositing Litecoin into your casino account only requires a few straightforward steps:

  1.  Sign up with a reliable Litecoin casino or log into your account.

  2. Navigate to the cashier/deposit section.

  3. Select Litecoin as your deposit method.

  4. Generate a deposit address. The casino will provide a unique Litecoin address for your deposit. Copy this address carefully.

  5. Initiate a Transfer. Open your Litecoin wallet, select the option to send Litecoin, paste the casino's deposit address into the recipient field, enter the deposit amount and confirm.

  6. Wait for confirmation. The transaction will need to be confirmed on the Litecoin network. This usually takes just a few minutes.

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Withdrawing Litecoin

Withdrawing your winnings at a Litecoin casino also takes no time at all. Here’s how to proceed:

  1. Access the withdrawals section in your online casino account.

  2.  Select Litecoin as the withdrawal method.

  3. Enter the amount you wish to withdraw.

  4.  Provide your Litecoin wallet address.

  5. Your funds will be transferred to your Litecoin wallet.

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Because Litecoin operates on a decentralized network without a strict regulatory framework, handling the coin is at the player's discretion.

For instance, if you accidentally send Litecoin to the wrong address, it could be lost forever. There's no central authority to reverse such transactions.

Litecoin Casino Fees, Limits and Processing Times

Is there anything specific you should know about transaction fees, delays and limits at Litecoin gambling sites? Let’s find out.

Litecoin Transaction Fees

Online casinos generally won't charge any fees for deposits or withdrawals made with Litecoin. It is a decentralized cryptocurrency, which means that payments are made directly on the blockchain network without any banks or middlemen to pay.

Litecoin Casino Processing Times

Because there are no intermediaries involved, transaction and processing times in LTC casinos are also faster. In addition, Litecoin’s shorter block times make it one of the fastest payment methods around.

Still, depending on a few important factors, such as blockchain network congestion, as well as casino payment and verification procedures, it can take some time for a Litecoin transaction to be processed.

Overall, at most online casinos, Litecoin deposits are generally almost instantaneous. This means that they will be processed within a few minutes. Withdrawals can take longer, up to a couple of days.

Withdrawal Limits at Litecoin Casinos

Withdrawal limits can vary from one operator to another. Because cryptos are faster and more secure, withdrawal limits are often higher than with traditional payment methods. However, to avoid surprises, we recommend checking the specific limits your operator has in place.

Games at Litecoin Casinos

All our recommended LTC casinos offer diverse game libraries featuring slots, table games like roulette and poker, and live dealer games from top-rated software providers.

However, at some crypto casinos, you may also find crypto-specific games, such as Provably Fair games and unique crypto-themed games.

Provably Fair Games

This type of online casino game utilizes blockchain technology to allow players to independently verify the randomness and fairness  of each game outcome.

  • crypto-icon Dozens of crypto options
  • bonus-icon Generous welcome offer
  • money-bill-icon Unlimited withdrawals
BC.GAME 1260% up to $27000
Bonus Details
Across first four deposits. Bonus awarded in BCD. Wagering is 500x (but like rakeback). Full T&Cs apply.
Payment Methods
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Payment Details
  • Min Deposit $20
Licenses
Curacao
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Crypto-themed Games

These games feature elements of the crypto world, like trading or mining, in their gameplay. These can be slots, table games or unique, interactive experiences.

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Bonus Details
● 18+ ● New customers only ● No deposit required ● 3 days to activate ● 50 free spins upon registration ● Available on Scroll of Adventure ● Max bet: 0.01 EUR or equivalent in other supported currency ● Wagering: 45x ● Max cashout: 50 EUR or equivalent in other supported currency ● Bonus Code: ACEBONUS
Payment Methods
visa mastercard ecopayz interac maestro bitcoin neosurf litecoin dogecoin bitcoin cash ethereum bnb mifinity ezeewallet muchbetter astropay
Payment Details
  • Max Deposit ฿0.144
  • Min Deposit ฿0.00036
Licenses
Curacao
charlotte paisley Reviewed by Charlotte Paisley

Litecoin Casino Bonuses

Most online casino bonuses give players free money or spins to play on selected games, enhancing their winning chances. 

These can be welcome bonuses, attracting new players to their sites, or promotions for existing customers.

Popular casino bonuses include deposit match bonuses, no deposit bonuses and free spins. Depending on the bonus terms, some of these can be really worth your while. 

Although casino bonuses are generally advertised in fiat currency, or BTC, they can be claimed with Litecoin too. Your coin will be converted by the casino.

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While most casinos with Litecoin use real-time exchange rates for crypto conversions, some offer cryptos at a fixed price. To avoid any confusion, we recommend carefully checking the operator’s payment terms.

Crypto casino bonuses sometimes offer higher rewards or lower wagering requirements. This is due to the lower transaction costs and faster processing times of cryptocurrencies.

We’ve highlighted the best 3 Litecoin casino bonuses below. Check out our in-depth online casino reviews for more details about bonus offers and their wagering requirements.

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Players looking for attractive bonuses and cryptocurrency payment options, like Litecoin, may want to check out the latest online casinos. Emerging platforms often feature cutting-edge payment technologies, innovative features and generous bonuses to attract and expand their player communities.

Safety and Security of Litecoin Casino Transactions

Due to Litecoin's encrypted and decentralized nature, the risk of fraud and hacking is minimized. Transactions are securely recorded on a widely distributed, tamper-resistant blockchain, ensuring transparency and traceability.

Transaction data is further protected by strong cryptographic encryption. This makes it nearly impossible for unauthorized parties to access or alter transaction information.

Additionally, using Litecoin in an online casino ensures anonymity and reduces the risk of identity theft, as personal and financial data are not directly tied to the transactions.

However, because of the lack of regulatory oversight, you should only play at licensed Litecoin casinos. This ensures compliance with legal and industry standards, providing a safeguard against potential fraud.

Is Playing in Litecoin Casinos Legal in Canada?

You may wonder if Litecoin gambling is legal in Canada since both gambling and cryptocurrencies are not fully regulated across the country.

Fortunately, Canadian law does not explicitly prohibit online gambling at offshore casinos, including those that offer cryptos like Litecoin.

Even in Ontario, where online gambling is regulated, the legal framework recognizes the use of cryptocurrencies in online gambling.

Ontario-licensed operators may offer cryptocurrency options, as long as they comply with regulations, such as KYC requirements and consumer protection laws.

Litecoin Casinos Pros & Cons

  • Pros

    • check-fill-icon
      Secure and anonymous transactions
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      Minimal fees
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      Fast processing times
    • check-fill-icon
      Access to Provably Fair games
  • Cons

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      Price volatility
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      Regulatory uncertainty

Alternative Payment Methods to Litecoin

Litecoin is an excellent option for casino payments. However, there are plenty of other convenient and secure payment options to choose from. Check out some of our online casino payment methods available to Canadians below.

Conclusion

Litecoin is often considered the 'little brother' to Bitcoin, due to its simpler algorithm and shorter block generation time. This makes it one of the fastest online casino payment methods around.

It’s also a highly secure payment method.  It’s decentralized, making it harder for anyone to cheat or commit fraud. However, you must handle the coin with caution and store it in a secure wallet.

One drawback of Litecoin gambling is the lack of regulatory supervision, as is the case with all cryptocurrencies. That’s why playing at a trusted Litecoin casino with one or more reputable licences is crucial.

Litcoin Casinos FAQ

What is a Litecoin casino? chevron-down-icon

A Litecoin casino is an online gambling platform that accepts Litecoin as a payment method. These can be “true” crypto-only casinos or traditional online casinos offering both fiat money and cryptos, such as Litecoin.

Is Litecoin gambling safe? chevron-down-icon

Litecoin is a highly secure payment method, because its transactions are encrypted and decentralized. However, due to limited regulation of cryptos, it’s recommended to only play at trusted and licensed Litecoin casinos.

How fast are Litecoin casino transactions? chevron-down-icon

Litecoin casino transactions are typically fast due to Litecoin's short block time, lack of middlemen, and near-instantaneous transfers. However, actual speed can vary based on the casino's payment procedures.

What games can I play at Litecoin casinos? chevron-down-icon

At Litecoin casinos, you can play traditional casino games like slots, roulette and poker, and crypto-themed games, as well as Provably Fair titles that utilize blockchain technology, allowing you to check the fairness of each round’s outcome.

Is Litecoin gambling legal in Canada? chevron-down-icon

Online gambling at offshore casinos, including those that operate with cryptocurrencies like Litecoin, is not prohibited in Canada. However, depending on the province, there may be certain regulations around Litecoin gambling.

Meet the Author
Charlotte, with a background in journalism and experience working in local media, aims to bring fresh insights into the realm of online gaming in Canada. Her meticulous attention to detail ensures that she consistently goes beyond the headlines to concentrate on what truly matters for the readers.