Top-rated sites also take the needs of their customers extremely seriously.
By themselves, good features and easy deposits aren’t guaranteed to offer a good user experience.
LTC betting websites that fail to help out when you’re in need are worthless.
If you use a sports betting website with rude or unresponsive customer support, it is easy to get annoyed.
In contrast, rapidly getting to the root of any problems you have is a sign of a legit Litecoin sports betting website.
These brands deal with your issues ASAP and don’t stop until you are satisfied.
The best Litecoin Betting Sites are in our guide
It is simple to get information about LTC sports betting sites online.
Sadly, misinformation and outright lies are features of Internet content.
Ultimately, it boils down to sites not having the desire to do the work.
We like to do things right, which is why we thoroughly examine betting sites.
It takes many hours of play to ensure we get enough information.
It is challenging, but we enjoy the process because we know the result is the best set of reviews around.
Already, we have reviewed an immense number of betting websites and are far from being finished.
Crypto is the present; fiat is the past
Fiat currency is old-fashioned and no longer suitable for the world we live in.
The consistent printing of paper money reduces its value.
Consequently, any fiat currency you hold is guaranteed to decrease in purchasing power terms.
As Voltaire famously wrote: “Paper money (…) eventually returns to its intrinsic value – zero.”
Conversely, many of the best-known digital currencies are experiencing value growth.
Consequently, if you earn Litecoin on a sports betting company, it could act as a hedge against the inflation that cripples fiat.
Ultimately, while fiat’s time is up, the time is now for crypto.
The cryptocurrency market does have issues with people hacking and stealing money.
However, it is important to note that such criminality is mainly confined to the exchanges.
Indeed, there are no reports of any major crimes committed against LTC betting site users.
All Litecoin transactions are protected by a network that verifies them while also offering encryption security.
Also, the private keys used in transfers are long and exceedingly hard to decode.
Crypto experts often point out that debit and credit cards are more vulnerable than Litecoin.
Protect your privacy
Those who use betting sites still have to look over their shoulders despite the industry’s growth.
The banking system continues to rail against wagering on such a site.
They like it when you fund your hobby with fiat, as it is easy for them to trace.
Indeed, they are known for refusing loans to customers who use sports betting sites.
If you want your pastime to remain hidden from the bank, use LTC, not fiat.
These transactions take place away from the prying eyes of the banking system.
As a result, you can register, deposit, and enjoy everything a betting site has to offer in complete privacy.
What’s So Special About Litecoin Betting Sites?
Given the amount of advertising regarding Canada Litecoin betting sites, you’re likely wondering if the praise is deserved.
Ultimately, they ARE better than conventional betting sites and are likely the future.
Keep reading to discover why you should choose them.
More enjoyable UX
Overall, the many benefits offered by Litecoin sports betting platforms result in a better user experience than with standard betting 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 betting with Litecoin
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 Litecoin sports betting websites and leave conventional sites in the past where they belong.
Choosing The Best Litecoin Betting Sites In 2022
As a Canadian, you are spoiled for choice when it comes to Litecoin sports betting sites.
Yet, it is essential to take your time and choose carefully.
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.
Perhaps the single most important aspect of finding a high-quality LTC betting site involves investigating its reputation.
If you deposit money into a dodgy Litecoin sports betting platform and it withholds your funds, there is nothing you can do about it.
The non-reversible nature of digital currency transactions means there is no central authority to take action on your behalf.
This is why you should read our exclusive reviews, where we outline whether LTC betting sites deserve your trust.
Ultimately, you need to know that the Litecoin sports betting website in question:
Has a spotless record
Lets you access your money
Cares about its customers
With Litecoin, there is little waiting around for a transaction to go through.
Yet certain Litecoin sports betting sites may lag behind industry leaders in transaction speed and have other issues.
Before you choose any Litecoin sports betting website, here are three things to consider relating to its transactions:
How quickly does the site process deposits & withdrawals?
How many payment methods are available? (Such as BTC, ETH, LTC, or DOGE)
What is the maximum amount you can deposit and withdraw?
Assortment of games and markets
When you’re using a betting site, variety matters.
Regardless of all the other features on sports betting sites accepting LTC, if they offer limited choices, it won’t take long for you to get bored.
Consequently, go through a site thoroughly to ensure there’s plenty of things to generate your interest and keep it.
Additionally, take into account the general quality of the site.
Playing outdated games or using standard sports markets can get boring after a while, no matter the quantity.
Furthermore, focus on sites that provide the best odds and huge jackpots to get value for your LTC.
Bonuses & Other Benefits
It is standard for sports betting sites to provide bonuses to ‘reward’ users.
Here are a few of the bonuses you can expect to find:
Special bonuses if you deposit/withdraw using Litecoin
No deposit bonuses
Please ensure you read the terms and conditions attached to each bonus.
They usually seem generous but often have strings attached.
For example, you may have to bet through your initial deposit dozens of times to withdraw the bonus.
Main cryptos overview
These days, there are probably 13,000 crypto assets available, and the number continues to rise.
Even so, don’t expect any sports betting website to offer too many options.
Now, we shine a spotlight on four coins often allowed on crypto accepting sports betting companies.
Known as the silver to Bitcoin’s gold, Ethereum remains the #2 most valuable cryptocurrency.
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.
With a transaction time of 12 seconds, Ethereum is one of the best options for rapid deposits and withdrawals.
According to many digital currency experts, it is best to purchase ETH now as its value might eventually exceed Bitcoin’s.
Charlie Lee created Litecoin in October 2011; it’s a peer-to-peer digital currency that’s similar to Bitcoin in technical details.
Nonetheless, the cost of Litecoin has increased dramatically over the years as people began to see its potential.
The benefits of using LTC include tiny transaction fees and rapid deposits and withdrawals.
Nevertheless, you should check our reviews to see which sports betting companies allow it because LTC is not universally accepted.
Dogecoin was created as a prank by Billy Markus and Jackson Palmer in December 2013.
It is known for the image of the Shiba Inu dog that features on its logo.
With fans such as Tesla’s founder, Elon Musk, this crypto asset has a potentially bright future.
Find out if your preferred sports betting website accepts DOGE and benefit from rapid deposits/withdrawals and a strong layer of security.
However, there is a danger of inflation since Dogecoin has no supply limit, and not many sites accept it at present.
Developed in January 2009 by someone known as ‘Satoshi Nakamoto,’ Bitcoin was the first cryptocurrency.
It is the most valuable coin, having exceeded the trillion-dollar market cap mark.
Since Bitcoin has the greatest value and is the best-known cryptocurrency, practically all crypto sports betting sites allow its use.
On the downside, it costs a huge amount of money to own a full BTC these days.
On the plus side, the Bitcoin network is incredibly secure and has never been successfully hacked.
The Benefits of Litecoin Betting Sites For Sports Fans
LTC betting sites are a relatively new creation and are already threatening the power of conventional bookmakers.
Why? Because these new sports betting websites are leaving their fiat currency accepting counterparts in the shade.
Available sports and markets
Even a glance at virtually any Litecoin betting site tells you it can compete with older betting websites.
Your needs are covered whether you’re interested in soccer, NFL, ice hockey, or basketball.
What you’ll also find is a more substantial number of markets than the much-hyped ‘soft’ bookies.
A ‘soft’ bookmaker is for the occasional punter instead of ‘sharp’ bookies that focus on experts.
In any case, you might find a better range of long odds markets on LTC sports betting sites.
The above is a must if you’re happy to take risks in return for a large possible profit.
If you’re an expert on electronic sports, you can use this knowledge to win crypto on LTC betting sites.
Competitors from all over the world test their skills against one another, with huge prizes at stake.
You’ll find that most Canada Litecoin betting sites offer markets on popular eSports games such as DOTA2, CS:GO, and League of Legends.
Like traditional sports, succeeding at eSports betting involves detailed research.
Yet, this effort is well worth it because you can potentially profit on Litecoin betting sites.
More freedom & stable odds
If you’re a savvy punter, soft sports betting sites have likely restricted your bets or perhaps suspended you altogether.
Sadly, there is no legislation to stop sports betting sites from banning intelligent users.
Once your account gets restricted, your bets are limited to cents, and you have to find a new betting site.
When using Litecoin betting websites, you begin with clean slate and a lower likelihood of bans than traditional sites.
Soft bookies regularly cut odds drastically, a source of great irritation to punters.
Litecoin betting sites are different; the odds are usually more stable, giving you a fair chance of receiving value.
Crypto and Sports Betting Sites in Canada: What Is Their Legal Status?
Your ability to enjoy sports betting sites with Litecoin boils down to your nation’s laws regarding both betting and cryptocurrencies.
While a country might allow gambling, it may not permit crypto, and vice versa.
In some cases, you can try to use Litecoin betting sites in Canada even if it is against the law, but it is a huge risk.
The site is free to freeze your account and keep your funds if you use it from a banned nation.
Happily, if you live in Canada, Litecoin sports betting site usage is legal!
Are Canadian residents allowed to use Litecoin?
Absolutely! In Canada, you have the right to use Litecoin exchanges and make transactions with the new currency.
However, it is not classified as legal tender.
Consequently, there’s no possibility of using it to pay taxes you owe to the Canadian Revenue Agency (CRA).
Yet, the Agency considers profits on digital currency as taxable.
Thus, you must declare all profit and loss from crypto transactions on your tax returns.
Also, cryptocurrencies are unregulated in Canada.
This is why relatively few merchants accept digital currency transactions since there is no bank protection.
Litecoin sports betting sites are willing to make this choice, knowing they could attract a growing number of customers.
How do I obtain Litecoin?
Exchanges are probably the best place to buy LTC.
In terms of regulation, digital currency exchanges are treated as money services businesses.
As a result, such crypto marketplaces must conform to the same rules regarding reporting, recordkeeping, due diligence, and verification.
In June 2020, new legislation mandated that digital exchanges had to register with FinTRAC.
It is Canada’s main authority when it comes to investigating and punishing financial misconduct.
Therefore, contrary to what many people think, buying and using Litecoin in Canada is a relatively safe process.
Can Canadians Wager online?
As a resident of Canada, you are legally permitted to wager online.
The lawful age for gambling in the country is 19.
The exceptions are Alberta, Manitoba, and Quebec, which permit 18-year-olds to wager too.
Also, income from betting isn’t taxable unless you’re classified as a professional gambler.
On the side of betting platforms, no business in this industry is legally allowed to operate within Canada’s borders without the permission of a provincial government.
Yet, an estimated 1,000 unlicensed offshore companies continue to serve Canadian customers.
An important new gaming law
In Canada, the laws relating to gambling date back to the Criminal Law Amendment Act, which the Canadian Parliament agreed upon in 1969.
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.
A recent change to gaming law in Canada finally eliminated an unusual rule that was unhelpful to bettors.
Up until August 2021, it was technically illegal to bet on a single game.
Ultimately, things changed thanks to C-218, a law passed to end the prohibition of single-game wagers.