Litecoin sports betting is more evidence of the online sports gambling market’s expansion into digital currencies. A lot of US bettors have begun using alternative currencies due to the advantages they bring to the table. Litecoin is both legal to use in the eyes of the US government and backed by multiple licensed offshore sportsbooks. If you want to learn more about Litecoin betting, consider this page a resource. You will find information on how Litecoin works, deposit methods, and why many bettors have made the switch over to it and the best online Litecoin sportsbooks to use.
Below is a table made up of the best available Litecoin sportsbooks accepting US residents. Each one of these sites has been vetted legal licensing and regulation (making them legal for United States bettors to use). Our team of online sports betting analysts also searches for items like wagering type variance, betting line selection, customer support, bonus promotions and a strong security profile. The links in the table will redirect you to these sites so you can examine them for yourself. There is no obligation to register an account or place a wager.
What Is Litecoin?
Litecoin is just like Bitcoin in that it is a decentralized, deregulated peer-to-peer currency form reserved for online trading. It has a much bigger block size than Bitcoin, meaning that more transactions can be processed faster. The currency has grown in popularity over recent years and is the second leading digital currency behind Bitcoin.
Are There Any Advantages with Litecoin Sports Betting?
Yes. Sports bettors using Litecoin enjoy multiple advantages from financial incentives to potential rewards, Litecoin brings several perks to the table that have led more and more bettors to begin using it. We’ve included some of these benefits below:
• Litecoin transactions go through instantaneously. Because these transactions are not tied to any sort of bank or financial institution, there is no waiting on your money to go through. Once the transaction has been verified by miners on the blockchain, your transaction will finalize. This process takes seconds thanks to Litecoin’s accommodating block sizes.
• The UIGEA has no effect on Litecoin. Since litecoin is not a part of any financial institution, there is no ‘processing of transactions’ in the formal sense that we are accustomed to. There are also no laws against using cryptocurrencies, so Litecoin is completely legal.
• Most of the best offshore US-friendly sportsbooks offer exclusive cryptocurrency bonuses. Match bonuses are when the sportsbook matches your deposit by a percentage up to a certain amount. For example, you may see something like, “100% of deposit matched up to $1,000.”