The use of cryptocurrencies is increasing in Canada, with more sportsbooks adding these digital currencies as reliable payment methods. Litecoin is one of the most commonly used cryptocurrencies on sports betting sites.
In this ultimate guide, we’ll share why you must choose Litecoin for online sports betting. We’ll guide you in making transactions with crypto sportsbooks and the popular sports you can bet on with Litecoin.
The Best Litecoin Betting Sites Filter
Why Use Litecoin (LTC) for Online Sports Betting?
Litecoin offers a wide range of benefits over traditional payment methods that make it ideal for online betting sites. Here are a few benefits you get when considering these Litecoin betting sites.
Speed and Efficiency
One of the most common reasons for using Litecoin for sports betting is the speed of transactions. This crypto coin boasts a block generation time of approximately 2.5 minutes, much faster than Bitcoin’s 10 minutes. With this processing speed, bettors can make deposits and withdrawals much faster, ultimately enhancing the overall betting experience.
Lower Transaction Fees
Typically, Litecoin transactions incur lower fees than traditional payment methods. This cost-effectiveness makes it a great option for bettors who want to maximize their bankroll.
Anonymity and Security
In an era where online privacy is highly valued, Litecoin offers an outstanding level of anonymity that cannot be matched with other traditional payment methods. Transactions you make using Litecoin are anonymous. This means that while they are recorded on a public ledger, your details are not directly tied to the transactions.
Payment-Specific Bonuses
Since many betting sites accept Litecoin in Canada, you’ll easily find bonuses designed for users who deposit this digital currency. In most cases, crypto bonus amounts are generally higher than those available for depositing through traditional payment methods.
How to Buy and Deposit LTC in a Sportsbook?
Making crypto transactions in a sportsbook is a simple step. Once you create an account in a reputable crypto sportsbook, you’ll then need to buy Litecoin if you don’t have some in your cryptocurrency exchange wallet. So, how do you purchase Litecoin? The following steps provide a brief overview of buying and depositing LTC in a sportsbook.
How to Buy LTC?
Ensuring you have Litecoin in your crypto exchange wallet helps make your transaction successful. Here are the steps to acquire some LTC:
- Choose your preferred cryptocurrency wallet (Binance, Coinbase, crypto.com, Gemini, or Kraken).
- Create and verify your account.
- Deposit funds into your exchange account. You can link your bank account using a credit/debit card.
- Explore the “Buy’’ section of the exchange.
- Choose LTC as the crypto you want to purchase.
- Enter the amount you want to buy and confirm your purchase.
- It’s also easy to transfer from one crypto wallet to another.
How to Deposit LTC in a Sportsbook?
Once your crypto wallet is loaded, here is what you need to do next:
- Login to your preferred crypto sportsbook account.
- Visit the cashier or deposit section, following the same process as other traditional methods.
- Select Litecoin (LTC) from the options available.
- Enter the amount you want to deposit.
- Copy the Litecoin wallet address provided by the sportsbook.
- Open your cryptocurrency wallet and paste what you copied into the “Send’’ or “Transfer’’ section.
- Enter the amount you want to transfer and complete the transaction.
How to Withdraw From a Litecoin Sportsbook?
When it’s time to withdraw your winnings, here is the procedure you need to follow:
- Sign in to your Litecoin betting site.
- Click the “Cashier’’ or “Withdraw’’ option. You can find this on the top right of the page or under the “My Account’’ link.
- Select Litecoin as the withdrawal payment method.
- Paste the address to which you want to withdraw.
- Enter the amount you want to withdraw from your casino account. In most cases, no fees are associated with this type of transaction.
- Hit withdraw, and you’ll get a confirmation of a successful transaction to your crypto exchange account.
Popular Sports & Leagues for Litecoin Betting in Canada
One of the best features of online Litecoin betting sites in Canada is that they offer a wide variety of sports categories. So, if you’re wondering which sports and leagues are popular for Litecoin betting, we’ve outlined them below.
NFL
Undoubtedly, the NFL is a major sport for bettors in Canada. According to our findings, the NFL attracts a huge number of bettors due to the several matches from playoffs to the Super Bowl. In addition, bettors use their favourite Litecoin sportsbooks to place bets on various entertaining matches every day. Furthermore, if you choose the right Litecoin betting site, you’ll find a variety of betting markets, from moneyline and point spreads to totals and prop bets, among others.
NHL
Hockey is more or less a pastime for many in Canada. In this regard, it is unsurprising that the NHL stands out as one of the best sports for bettors. Many Litecoin sportsbooks in Canada offer several NHL competitions, including IIHF World Champions, NHL Challenge, and Victoria Cup. These competitions offer a wide range of free bets, such as moneyline, pucklines, and totals.
NBA
According to our research, the NBA is widespread in Canada due to the popularity of top events, including the WNBA, Euroleague, and College (USA). In addition, the Toronto Raptors professional basketball team plays in the Eastern Conference of the NBA, attracting fans and bettors to these games. Your betting options, therefore, at the best NBA Litecoin betting sites are numerous, but moneyline, point spreads, outrights, and prop bets stand out.
MLB
Major League Baseball is also a competition with a long season and plenty of matches for betting. This sport, in general, provides a lot of betting events for Canadian fans and bettors to enjoy. The best MLB Litecoin sportsbook covers popular prop bets such as strikeouts and home runs. However, you will still have the standard run lines, moneylines, and totals.
Golf
Golf offers a wide variety of betting options every week. Many Litecoin betting sites offer competitions such as the Masters, Open Championship, Presidential Cup, and PGA Championship, just to name a few. The Litecoin sports betting markets for golf mainly include the outright winner. If you want to bet on the outright winner, you are wagering on odds for a specific golfer to win the tournament. You can also wager on a golfer to finish in the top 5, 10, or 20.
Soccer
Soccer is one of the most popular sports in Canada. There are events from around the world to wager on in this category. A few leagues to bet on include EPL, La Liga, Bundesliga, Serie A and all the international games. In soccer betting, you can wager on match results, over/under goals, BTTS, and handicaps. Most Litecoin sports betting sites also offer outright winners and other unique markets to cater to different players’ preferences and tastes.
Handball
Betting on handball can be rewarding, especially if you know how to analyze the games. In this type of betting, you will predict the outcome of handball matches. This can be the winner of the match, margin victory, or various other outcomes. There are different competitions and tournaments for this sports category. If you’re interested in handball, you must find a reputable handball Litecoin betting site that offers your desired market.
MMA
Mixed Martial Arts (MMA) is one of the fastest-growing sports in Canada and other parts of the world. Placing MMA bets on the right Litecoin betting platforms adds more excitement to the entertaining viewing experience. One of the most common MMA bets you can place is for the Ultimate Fighting Champion (UFC). You can choose different markets, ranging from moneyline to over/under rounds, props, and parlays.
Rugby
Many Litecoin sportsbooks in Canada offer rugby betting in a variety of competitions. A few tournaments include the NRL Premiership, Super League, Top 14, and Rugby Championship. You can also bet on different markets, including, but not limited to, moneyline spreads and totals. It’s also possible to bet on individual players’ performance and specific game events such as double chance and handicap.
Tennis
Sportsbooks in Canada also offer top betting tournaments like the US Open Women Singles, Open Men Singles, ATP, and Challenger. You can place a wager on different Litecoin betting markets, such as moneyline, set winner, correct score, and handicap, just to name a few. Ensure that you choose the right Litecoin sportsbook that provides wide coverage for all events in the niche.
Snooker
Canadian Litecoin betting sites allow you to bet on International tournaments like The Masters, UK Championship, and Saudi Arabia Snooker. In this sports category, you can bet on markets such as the winner, total frames, and frame handicap. If you are new to sports betting options like this, we advise you to research before wagering.
Darts
If you’re a dart lover, many Litecoin sports betting sites in Canada offer different betting tournaments for this sport. A few include international competitions such as the PDC World Championship and European Tour – Flanders Darts Trophy. The betting market is also broad, allowing you to place a wager on the winner, total 180s, total legs, and leg handicap.
Cycling
Cycling is gaining popularity in Canada, and most Litecoin betting platforms have this niche sports betting category. Some of the few tournaments that attract Canadian bettors are international cycling tournaments such as the UCI ProTour and Giro d’Italia. When placing a bet using Litecoin on cycling, you can focus on markets like a winner, total maps, map handicap, and correct score.
Esports
Esports has become one of the betting categories that attract young Canadian players. With Litecoin, you can bet on a wide range of Esports competitions such as ESL Pro League, ELISA Invitational, Tipsport Cup, and CCT European Series. Usually, these events feature popular casino games such as CS, Dota 2, and League of Legends.
Types of Bonuses Offered at the Best Litecoin Betting Websites in Canada
Bonuses can sometimes be confusing, so it’s crucial to understand what is available to you on the crypto betting market. Note that some crypto bonuses tend to be much more rewarding than others. Therefore, before terms and conditions even come into your mind, knowing which kind of bonus will benefit you the most is important. Here is a brief overview of a few bonuses you get at the best Litecoin sports betting sites in Canada.
Welcome Bonuses
Also known as a signup bonus, this offer is only available to new customers once per sportsbook. You get this generous welcome bonus when you sign up, such as a 100% first deposit bonus of up to 1,000 LTC.
Referral Bonus
To increase the number of customers on the website, Litecoin sportsbooks provide a bonus if you refer a friend. Usually, you’ll need to share your referral link with your friends, which they’ll use to register for an account. Some sports betting sites may offer you up to 200% of your friend’s first deposit up to 100 LTC.
VIP Schemes
For loyal players, many Litecoin betting sites in Canada offer exclusive VIP packages. They’re designed to reward consistent and high-roller bettors with special perks and benefits. These special rewards can be personalized customer support, higher withdrawal limits, exclusive bonuses, and perhaps invitations to special events. Besides, VIP members can enjoy cashback offers and boosted odds.
Reload Bonuses
Reload bonuses are offered to existing customers who have already made their initial deposit. They encourage you to continue depositing and betting on the platform. For example, you may receive a 50% reload bonus on your deposit on a specific day up to 500 LTC.
Litecoin Betting vs Bitcoin Betting
Both Litecoin and Bitcoin betting are safe. They use the same protocol when buying digital coins and depositing on the betting platform. However, there are some differences between the two.
Here is the table comparing these two digital coins:
| Litecoin Betting | Bitcoin Betting |
| Lower transaction fees due to more efficient blockchain technology make frequent bets cost-effective. | Higher transaction fees, especially during times of network congestion, make frequent small bets more expensive. |
| Slightly less volatile than Bitcoin, offering more stability in bets and payouts. | More volatile, leading to higher risk in fluctuations between deposit and withdrawal times. |
| Offers a comparable level of privacy and security as Bitcoin, though not as widely recognized for anonymity. | Known for its privacy-focused use, but recent regulations have reduced the anonymity of Bitcoin transactions. |
| Growing, but still less popular among casual bettors; preferred by those seeking lower fees and faster transactions. | The most popular choice for crypto betting, preferred for its wide acceptance and established market. |
| Limited impact on odds, but lower fees and faster processing times make Litecoin attractive for high-frequency bettors. | Bitcoin’s higher fees may slightly deter small-time or high-frequency bettors, though it remains the primary option in most sportsbooks. |
| Fewer regulatory restrictions currently, though this may change as it becomes more popular. | Heavier scrutiny from regulators globally may affect its use on some platforms. |
Litecoin Betting Alternatives
While Litecoin offers many benefits for online sports betting, we can’t ignore the fact that there are alternatives that can provide the same experience. Here are some popular cryptocurrency betting alternatives in Canada.
Bitcoin (BTC)
Bitcoin is the most popular cryptocurrency worldwide. Many crypto sports betting sites in Canada accept it due to the high level of security and privacy it offers. In addition, Bitcoin betting is ideal for customers who use high transaction volumes.
Ethereum (ETH)
Another popular crypto used in Canadian casinos is Ethereum. Unlike Litecoin and Bitcoin, Ethereum isn’t only a digital currency. It is also a platform for decentralized applications (dApps). This feature makes it unique because it can support betting platforms that use smart contracts.
Bitcoin Cash (BCH)
This digital coin was created to address Bitcoin’s scalability issues. Thanks to its faster processing time and lower transaction fees, it is widely accepted by many sportsbooks. It’s great for customers who want a faster speed than they get when using Bitcoin.
Tether (USDT)
Tether is a stablecoin, which means its value is pegged to a stable asset, the US dollar. This feature makes it an excellent option for bettors who want to avoid volatility problems linked to cryptocurrencies.
Bet on the Best Litecoin Sites in Canada Today!
Litecoin is undeniably a great choice for Canadian bettors looking for a fast, cost-effective, and secure way to place bets online. The benefits of using Litecoin on betting platforms are also greater than those of traditional payment methods.
On this note, you might also want to consider other Litecoin alternatives, such as Bitcoin, USDT, and Ethereum, as they offer almost the same benefits. So, compare the features of the best Litecoin sports betting sites in Canada and choose the one that meets your betting taste and preference.
FAQs
Is the Use of Litecoin Allowed in Canada?
Yes, you can legally use Litecoin and other cryptos, such as Bitcoin and Ethereum, in Canada.
How Do I Obtain Litecoin?
You can acquire Litecoin by purchasing from crypto exchange platforms such as Binance or Coinbase. Once you’ve bought Litecoin, you can store it in a crypto wallet and use it for betting and other transactions.
What Is the Best Litecoin Betting Site in Canada?
There are several Litecoin betting platforms in Canada. Just compare the features such as odds, bonuses, licenses, and user experience.
What Are the Most Popular Sports to Bet on in Canada?
The popular sports you can bet on in Canada are soccer, baseball, American football, handball, ice hockey, and golf, just to name a few.