How To Find The Best Litecoin Gambling Sites In 2023
As a Canadian, you are spoiled for choice when it comes to Litecoin gambling websites.
Nonetheless, it’s important to avoid rushing your decision.
Selecting the wrong one for your needs could impact your user experience.
Fortunately for you, here’s an overview of the criteria to consider when searching for a suitable site.
The rapid nature of Litecoin transactions is one of its biggest plus points.
Yet certain Litecoin gambling sites may lag behind industry leaders in transaction speed and have other issues.
Don’t use any Litecoin gambling site until you’re happy with the answers to these three questions about transactions:
Does the site have lightning-quick deposits & withdrawals?
What cryptocurrencies does it accept? (Options include LTC, BTC, DOGE, and ETH)
What are the limits on withdrawals and deposits?
Top-rated sites also take the needs of their customers extremely seriously.
It doesn’t matter if you have tons of options and can quickly withdraw and deposit Litecoin.
If the Canada Litecoin gambling site you choose doesn’t have your back when there’s a problem, it is not worth your time.
Encountering gambling websites with dire customer service can ruin your day.
Conversely, trustworthy Litecoin gambling platforms act fast and decisively when a customer has a problem.
Such organizations specialize in effective response to customer issues, ensuring players happily return to the site.
Perhaps the single most important aspect of finding a high-quality LTC gambling site involves investigating its reputation.
Sadly, if a shady gambling site that accepts Litecoin hangs on to your Litecoins, there’s no action you can take to get it back.
The non-reversible nature of digital currency transactions means there is no central authority to take action on your behalf.
Therefore, it makes sense to check out our reviews to learn more about the reputation of Litecoin gambling sites.
Ultimately, you need to know that the LTC gambling website in question:
Has a spotless record
Lets you access your money
Cares about its customers
Assortment of games and markets
When you’re using a gambling website, variety matters.
Canada Litecoin gambling sites can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.
Look for sites with enough games, markets, and other options to keep you entertained in the long run.
Additionally, take into account the general quality of the site.
Even if there are many options, generic games and sports markets soon lose their appeal.
Moreover, sites that offer progressive jackpots and long odds could help you get the most out of your Litecoin.
Bonuses & Other Benefits
Offering bonuses to attract users is a normal part of how any gambling website operates.
Common bonuses include:
Special bonuses if you deposit/withdraw using LTC
No deposit bonuses
Before you proceed, make sure you check out the T’s and C’s of each bonus.
While you might think they provide a reasonable benefit, you can expect the site to add restrictive terms.
For example, you may have to gamble through your initial deposit dozens of times to withdraw the bonus.
We find the top-rated Litecoin Gambling Sites for you
It is simple to get information about Litecoin gambling websites online.
The problem is that much of this content contains factual errors.
One of the main reasons is that these sites don’t bother performing detailed analysis.
We’re different; our team goes to great lengths to ensure every word in our reviews is based on our actual experience on the gambling website.
We play each site for as long as it takes to offer a full picture for our readers.
We do this because we believe it is the only way to create the industry’s best review content.
We have already reviewed hundreds of gambling companies and plan to cover as many as possible.
What Is It About Litecoin Gambling Sites That Punters Like?
No matter your sporting or casino interests, the best Litecoin gambling sites give you a chance to gamble online at a whole new level.
Apart from allowing winners to stay longer than soft bookmakers, Litecoin gambling sites spoil you for choice in sports and markets.
In addition, you get to sample an incredible variety of casino games.
If that isn’t enough, there are real-time poker matches where you face off against human opponents.
You even have the option of participating in games at several tables at once, an impossibility in a physical casino.
LTC gambling websites offer an impressive amount of sports and markets.
We’ve now reached the stage where such providers can match or even exceed the range of sports markets offered by fiat gambling sites.
It doesn’t matter if you think Tyson Fury will finally lose or the Knicks will win the NBA Finals; you’ll find the right market on gambling sites accepting Litecoin.
In addition, you can focus on huge global events such as the Tour de France or the Cricket World Cup.
A growing number of punters banned and restricted by old-fashioned gambling websites flock to these LTC gambling sites.
They can continue using their skills to earn money in the long run.
While gambling websites have an edge, the very best gamblers can defy the odds.
With a warm welcome from Litecoin gambling sites, experts in gambling can enjoy doing what they love once again.
If you love casino games but don’t live anywhere near such an establishment, the experience provided by LTC gambling websites is the next best thing.
Traditionalists love the fact that all-time classics like roulette and slots are widely available.
Litecoin gambling sites not only stay true to the format of classic games, but they also offer alternative versions if you want to try something new.
Of course, these companies always retain the house advantage, so take note of the games where the edge is at its smallest.
For instance, the casino has a 1.24% advantage in baccarat when you back the player, but the edge is just 1.06% when your Litecoin goes on the banker.
Other great Litecoin gambling website gaming options include Keno, Let Em Ride, and Vegas Three Card Rummy.
Although plenty of video poker games are available, nothing beats the thrill of beating a human instead of a machine.
When you use Litecoin gambling websites, you have the opportunity to test your skills against fellow players.
These casinos offer numerous poker versions; here are two of the most popular.
Five card draw
Five Card Draw remains a popular poker variant, with every individual receiving five cards face down.
Players have to add money to the pot; only then do they get their cards and have the chance to make further gambles.
Each person can keep 2 to 5 of their original cards after the first gamble, then look to improve their hand to win Litecoin.
Texas Holdem has quickly become one of the world’s favorite forms of poker.
After receiving two cards, the players have the chance to improve their hands using up to five extra community cards.
The winner is the person who has the best five-card hand overall.
If you want real drama, try No-Limit Texas Holdem, but only if you can afford it.
What’s So Special About Litecoin Gambling Sites?
By now, you’ve probably heard a lot of hype about LTC gambling websites and want to know if it is justified.
Ultimately, they ARE better than conventional gambling sites and are likely the future.
Let’s check out a few arguments in their favor.
Crypto is better than fiat
Fiat currency is old-fashioned and no longer suitable for the world we live in.
Central banks worldwide continue to print paper money, which decreases its worth.
Consequently, any fiat currency you hold is guaranteed to decrease in purchasing power terms.
As Adam Smith once wrote: “The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.”
Conversely, many of the best-known digital currencies are experiencing value growth.
Consequently, if you earn Litecoin on a gambling platform, it could act as a hedge against the inflation that cripples fiat.
LTC is the future; fiat currency belongs in a museum.
More enjoyable UX
Standard gambling companies provide a dull user experience compared to the better quality of LTC gambling sites.
Here are a few other advantages that lead to a superior UX:
Rapid transaction times so you’re not waiting to fund your account
Lower transaction fees
Additional bonuses when gambling with LTC
Up to date web design
Increased limits on deposits and withdrawals
A smaller chance of having your account closed for winning
If you like gambling, you should make the switch to gambling sites that accept Litecoin and leave conventional sites in the past where they belong.
Those who use gambling sites still have to look over their shoulders despite the industry’s growth.
Financial institutions, for example, dislike the practice of gambling on these sites.
They like it when you fund your hobby with fiat, as it is easy for them to trace.
There are many reports of them turning down mortgage applications because the individual used a gambling website.
With Litecoin, you get the anonymity you crave.
These transactions take place away from the prying eyes of the banking system.
As a result, you can register, deposit, and enjoy everything a gambling site has to offer in complete privacy.
Opponents of crypto point out that hacks and thefts are relatively common in the market.
Yet, most lawbreaking occurs on the digital asset exchanges.
Indeed, there are no reports of any major crimes committed against Litecoin gambling website users.
LTC transactions are encrypted and verified multiple times on the network.
Also, the private keys used in transfers are long and exceedingly hard to decode.
Most digital currency experts suggest LTC is safer than using a credit card.
A quick rundown of four major cryptocurrencies
These days, there are probably 13,000 crypto assets available, and the number continues to rise.
Despite the vast number on offer, gambling companies usually only allow you to use a small fraction.
Below, we feature four digital currencies commonly used on gambling companies that authorize crypto transactions.
An unknown collective or individual named ‘Satoshi Nakamoto’ created Bitcoin, the first crypto asset, in January 2009.
It is the most valuable coin, having exceeded the trillion-dollar market cap mark.
The popularity and worth of Bitcoin mean that crypto gambling platforms welcome its use.
BTC’s cost is one issue; it requires a big investment to own a relatively small amount.
A major upside is the security of the Bitcoin network; even the world’s best hackers have failed to penetrate it.
Only Bitcoin has a greater market cap than Ethereum, which is far above every other coin.
Created by Gavin Wood and Vitalik Buterin and released in July 2015, ETH has experienced a rapid increase in value as its benefits become clear.
One of Ethereum’s main features is its fantastic transaction time of just 12 seconds.
Even though ETH is already costly, some believe it will overtake Bitcoin one day, so the time might be right to invest in it.
Litecoin is a Bitcoin spinoff created in October 2011 by Charlie Lee.
Yet, it ultimately gained a reputation as a useful digital coin in its own right, leading to a surge in its market cap.
Among its benefits include quick transactions and low fees.
Unfortunately, only a relatively small percentage of gambling sites accept it; our reviews let you know which sites to look for.
Dogecoin owes its existence to Jackson Palmer and Billy Markus, who invented it as a joke in December 2013.
It is known for the image of the Shiba Inu dog that features on its logo.
Despite its origins, this particular cryptocurrency is now taken seriously, with Elon Musk, the founder of Tesla, often tweeting about it.
DOGE offers excellent security and fast transactions, so its use on gambling sites is worth considering.
However, there is a danger of inflation since Dogecoin has no supply limit, and not many sites accept it at present.
Is It Legal For Canadians To Use Crypto And Gambling Websites?
There is no guarantee that you can gamble on any Litecoin gambling site using crypto assets as it depends on your country’s rules.
Several countries don’t allow one or the other, and a few outlaw both.
While you can still try to register and deposit if you live in a country where LTC gambling sites are prohibited, it is an unwise choice.
The site is free to freeze your account and keep your funds if you use it from a banned nation.
Fortunately, Canadian residents are free to use Litecoin gambling sites!
Are Canadian residents allowed to use Litecoin?
Yes, it is completely legal to buy and sell Litecoin on exchanges and make purchases with it.
Despite the easy availability of digital assets, they are not considered legal tender.
Consequently, there’s no possibility of using it to pay taxes you owe to the Canadian Revenue Agency (CRA).
Please note that the Agency expects you to pay tax on cryptocurrency earnings.
Thus, you must declare all profit and loss from crypto transactions on your tax returns.
Also, cryptocurrencies are unregulated in Canada.
Therefore, many businesses remain unwilling to accept them as payment without the protection of a central authority.
LTC gambling websites are willing to make this choice, knowing they could attract a growing number of customers.
Where is the best place to purchase Litecoin?
Exchanges are probably the best place to buy Litecoin.
Bear in mind these exchanges are regulated like money services businesses in Canada.
As a result, such crypto marketplaces must conform to the same rules regarding reporting, recordkeeping, due diligence, and verification.
A rule that came into play in June 2020 legally requires these businesses to register with FinTRAC.
This is the agency that deals with financial crimes in Canada.
Overall, purchasing and using LTC in Canada comes with numerous protections.
Is Gambling online legal in Canada?
Yes, online gambling is perfectly legal in Canada.
However, you must be at least 19 years of age.
If you live in one of the following provinces: Manitoba, Quebec, or Alberta, the legal gambling age is 18.
Furthermore, you keep the money you win from gambling online as it isn’t taxed unless you’re deemed a professional.
As far as gambling sites are concerned, it is illegal to operate on Canadian soil without provincial government licensing or ownership.
Yet, an estimated 1,000 unlicensed offshore companies continue to serve Canadian customers.
An important new gaming law
Canada’s betting rules come from the Criminal Law Amendment Act of 1968-69.
In 1985, the government allowed each province to regulate its gaming laws and determine if land-based casinos were permitted.
Ultimately, the law was a massive boost for the casino industry as a significant number opened throughout Canada.
These laws are still in operation today and regulate online gambling in Canada’s provinces.
An odd quirk in the law limiting betting activity was only recently changed.
Up until August 2021, it was technically illegal to gamble on a single game.
Yet, the Canadian government passed C-218, a law that finally allows the practice of single-game betting.