Litecoin Casinos In Australia

In this article, we’ll give you all the intel you’ll need to know on Litecoin casinos in Australia. Everything you’ll need to know to move forward is right here, so don’t skip anything and read through until the end.

Unlike Bitcoin or Ethereum-based online casinos, Litecoin casinos are another type of casino that operates on cryptocurrency. Of course, we expect that most of our readers who come across this article know what crypto is, but for the new, here’s what you’ve been missing:

  • Cryptocurrency is a digital currency that operates on blockchain technology and is dealt with exclusively online. It can be sold for fiat currencies on exchanges (USD, EUR, etc.).
  • Litecoin is a crypto coin and an open-source software project inspired by Bitcoin. Litecoin is one of the earliest existing altcoins, and it was made public in October 2011.

So, what is a Litecoin casino based on what we just read? It’s an online casino that lets players pay and play with the Litecoin cryptocurrency. Cryptocurrency-based online casinos are popular and rising in popularity since crypto is ideal for online play.

Cryptocurrencies like Litecoin rely on blockchain technology, which may not be immune to hacking, but is far more secure and has better defense against potential hacker attacks. To be successfully hacked, a hacker would have to be in control of more than half of all the computers that are in the ledger. How does this work?

  • The blockchain uses a decentralized ledger on a myriad of independent computers. These computers can be called nodes. The nodes are there to announce, track, and coordinate all transactions on the ledger. This differs from trading assets like stocks, for example, since these asset models rely on an exchange or a clearinghouse to track everything from a central ledger.
  • The more people are on the blockchain network, the more secure it becomes since more participating nodes signify that more participants are checking one another out and calling out any bad actors. This is why playing in an online casino based on crypto might prove more secure than playing in a traditional online casino.

At the time of writing this article, Litecoin’s price is at $56,35, but be wary that cryptocurrencies’ prices are subject to volatility and change quite frequently and much more dramatically than regular stocks.

So, if you do decide to play in crypto casinos, be sure to have an application that regularly updates the prices of all performers in the market. If not, have a web page bookmarked of an exchange platform ready, like Binance.

Can Litecoin Be Used In Australian Online Casinos?

Yes, you can use Litecoin to play in Australian online casinos, and there are even Litecoin-specific casinos for you to choose from. Here are some casinos you can consider checking out:

  • StayCasino
  • Betonline
  • Bc.Game
  • Dazard
  • Thunderpick

Litecoin isn’t as popular as Bitcoin and Ethereum, but it still places in the top 20 of the most popular cryptocurrencies online right now, and that’s why it’s a valuable crypto to play with for these casinos since you still have a massive community adding value to it. So, be it Litecoin casino slots or Litecoin casino poker, you can use your Litecoin today to play these games.

How To Deposit Money With Litecoin

If you’ve played in online casinos before or crypto-based online casinos, then the same principles will apply to Litecoin casinos as it does to other crypto casinos. However, if you’re new to this, then here are some easy instructions you can follow:

  1. Litecoin casino gambling requires you to have a cryptocurrency wallet ready. You can have an address online, or you can buy hardware, which is the safer option.
  2. Purchase Litecoins. You can do this on an exchange like Binance; now, transfer those Litecoins to your wallet.
  3. You can sign up for any of the Litecoin-based casinos. When registered, you can choose Litecoin as a payment method for your play. Typically, you’ll receive a confirmation notification, and you’ll be able to start once the receiver obtains your Litecoins.

How To Withdraw Money With Litecoin

If you’re lucky or a good player, you’ll have the chance to withdraw your winnings at a Litecoin casino. So, let’s look at how you can go about doing this exactly:

  1. If you’ve won something, go directly to the payment page of whatever casino you’re playing at.
  2. There should be a category related to the Litecoin currency or a withdrawal section.
  3. You should typically be prompted to enter your details for the withdrawal; once you’ve done that, they’ll need to process it.
  4. Processing time varies, but cryptocurrency transactions are much faster than fiat money transactions because of the technology it runs on, so expect it between 24-72 hours.
  5. Lastly, after the waiting time, your funds should be in your crypto wallet.

Minimum Deposits

There are usually minimum deposit rules to play in a Litecoin casino and some of them set the bar pretty low. Expect something between $10 and $20. This is good news for all the low-budget players who are maybe just starting out or trying their way around an online casino setting. Along with low casino deposits, some Litecoin wallets may have an even lower one, starting at only $2.

You can be sure you won’t waste any more money you put into the game – your funds are safe while exploring and having fun in an online casino.

Deposit Bonuses

Deposit with Litecoin in some casinos, and they’ll offer you a bonus for it. Some casinos highly encourage their players to use cryptocurrencies to pay and play, so they’ll offer bonuses to the players who do use crypto to make this option more attractive.

From our research, Bc.Game and Stake offer deposit bonuses for players who use Litecoin, so check them out.

Live Casino With Litecoin

Are you a fan of the more exciting ambiance that live casinos give you? For our players who want to play in an online live casino, there are options for you out there. Oshi is a good place to start since they accept Australian players, and you can use Litecoin to play.

Oshi’s games are provided by Vivo Gaming and Lucky Streak, two huge names in this industry. You’ll rest assured that the games you’ll access will be high-quality and fun.

Pros Of Gambling With Litecoin

So, what are the advantages to play casino games with Litecoin? Let’s take a look at the perks of choosing Litecoin instead of the other cryptocurrencies:

  • Rapid transactions: Typically, transactions involving Litecoin are extremely fast. Confirmations will typically take only 3-5 minutes, and your funds will be in the casino. Withdrawals usually take the same amount of time.
  • Anonymous: You can remain anonymous in casinos like mBit when you choose to play with Litecoin.
  • Easy mining: When miners mine Litecoin it is easier and less strenuous on machines.

Cons Of Gambling With Litecoin

To be an informed player, we’re not glossing over the disadvantages of playing with Litecoin. Like everything, there’s a catch or consequence to be aware of. So, what are the cons when it comes to this cryptocurrency casino option?

The learning curve: If you don’t know anything about crypto, you’ll need to research and study extensively to grasp the concept of such a topic.

Volatility and unpredictability: Playing with cryptocurrencies means playing with a currency with an unpredictable value. For example, Bitcoin was priced at $50k around December 2021; now, it's around $17k. Players should be well aware of this when they play with crypto coins. In other words – have fun responsibly.