This has also included it being incorporated into several online gambling sites as a potential payment method and betting option. Some of these sites also include esports betting, meaning that Litecoin can also be used for placing wagers on CS:GO.
Bitcoin may be the leading cryptocurrency, but Litecoin certainly isn’t going to find itself left behind by any of the others. It remains as one of the top digital currencies, alongside others like Ethereum and Bitcoin Cash.
Using Litecoin for placing wagers on CS:GO is a relatively easy process, not unlike the process you need to take for other cryptocurrencies. It does have its own pros and cons, but then again, doesn’t everything? If you’re thinking of joining an online sportsbook for CS:GO betting and using your Litecoin currency for it, find out more right here.
Top Sites for CS:GO Betting with Litecoin
So, if you want to experience Litecoin CS:GO betting, you’ll need a good sportsbook to do this at. Fortunately, we have gathered a collection of sites for you to browse through right here. For us, these are the best platforms for Litecoin betting, and we think that they will be for you, too.
How do we know that they’re the best? Well, we’ve joined and played at all of them and had our own CS:GO betting experience. From doing so, we’ve been able to uncover the very best sites, while pushing the bad ones to the side. Nobody wants to be depositing and placing wagers at a bad sportsbook. So, you’ll find that all of the recommended sites for CS:GO betting with Litecoin have been thoroughly tested by us.
What did we look for when betting at these sportsbooks? How easy it was to make a deposit with Litecoin. How user-friendly the sites are for such an activity. Whether withdrawals are done in a good amount of time. If the sportsbook provides an entertaining CS:GO betting experience. All of these and more are areas that we’ve looked at in order to bring you this collection of the top sites.
In this respect, please feel free to check out which sites we think are the best for CS:GO betting with Litecoin. We’re certain that you’ll find a favorite sportsbook to join and begin Litecoin betting at.
Why Bet on CS:GO with Litecoin?
Cryptocurrencies, on the whole, have become much more of an appealing option for online gamblers to utilize when it comes to wagering. There are several reasons why this is the case, although the fact that Litecoin provides you with anonymity is perhaps the strongest.
What does this mean? Well, you don’t need to exchange any of your personal details with the sportsbook that you choose to bet at. Instead, you simply need to know your own Litecoin wallet address and the sportsbook’s Litecoin wallet address. These are the only pieces of information that you need in order to process a deposit or a withdrawal. So, you don’t need to provide bank details or anything like that to the online platform you’re signed up to.
Anonymity may be a prime benefit of Litecoin gambling, but the speed of the cryptocurrency is another perk to it. Generally speaking, deposits with Litecoin will be instant, meaning that you’re able to begin placing your wagers on CS:GO straight away. Withdrawals should also be quick, usually completing within 15 minutes.
To top all of this off, transactions using cryptocurrencies should be free of charge, or at the very least, they should have very minimal fees connected to them. This is because they don’t have to go through any sort of centralized financial institute. Litecoin deposits and withdrawals should therefore always be a swift and cost-effective method of betting on CS:GO.
How to Get Started with Litecoin Betting
If you already own some of the Litecoin currency, then you’re halfway there. If you don’t, then you’ll need to purchase some at an online exchange. There are plenty of these available, so locating an exchange shouldn’t be difficult. Once you’re there, you can exchange your standard, fiat currency for Litecoin.
Upon doing so, it’s important to note that you need to have a safe and secure wallet to store your Litecoin in. We recommend owning an external wallet or paper wallet, as these tend to be a lot more effective in keeping your cryptocurrencies secure. External wallets aren’t constantly connected to the online world, but they retain your Litecoin funds.
After you receive your Litecoin, you can then head over to the sportsbook that you have chosen to register at and make a deposit. This is simple and quick to do; you just need to locate the site’s cashier. Select the Litecoin deposit option, and you will be provided with a QR code or a long wallet address. You need to copy and paste this address into the “Send” section of your own Litecoin wallet. Alternatively, if your wallet is on a mobile device, you can scan the QR code instead.
After doing this, you can insert the amount of Litecoin you would like to deposit, and then hit that “Send” button. This will transfer the funds to your sportsbook account instantly. From there, you can head over to the CS:GO section of the platform and begin placing your wagers on the esport.
As far as taking your money out of the sportsbook goes, you simply need to follow the same procedure, but in reverse. Simple, right?
Pros and Cons of Betting with Litecoin
- Quick and easy transactions
- Safe and secure
- Free deposits and withdrawals
- Quicker block processing time than Bitcoin
- All cryptocurrencies are quite volatile
Litecoin FAQs
Where Can I Securely Store My Litecoin Funds?
A digital wallet is required for your Litecoin cryptocurrency to be stored. It is highly recommended that you don’t store your coins in an exchange wallet, as you don’t have control over the private keys. Try a paper wallet or an external hardware wallet.
When and Why Was Litecoin Created?
The cryptocurrency was created on October 7th, 2011. An ex-Google employee, Charlie Lee, designed it to complement the Bitcoin cryptocurrency.
What Are Some Exchanges Where I Can Buy Litecoin?
There are many online exchanges that deal with Litecoin purchases, such as Coinbase, Changelly, and Bitfinex.