Litecoin Betting Sites in India: Bookmakers that Accept Litecoin in May 2024
While its older brother Bitcoin is the more well-known and influential of the cryptocurrencies, Litecoin has developed as a popular alternative due to its fast transfers and cheap costs. It now exists as a viable method to fund your sports betting account as well. Our aim with this article is to explain this digital currency and how you can use it in India to make your sports bets.
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You can also check out other payment methods accepted by Indian betting sites.
Bookmaker Sports Betting with Litecoin in India: Reliable and Secure
Cryptocurrency provides a distinct advantage over other payment options in regards to security due to its decentralized nature and inability to be counterfeited. Blockchain technology gives those using Litecoin the ability to make fast transfers with complete protection of your personal information. Payments with cryptocurrencies, Litecoin included, do not need third-party verification meaning you won’t have your data stored in a database.
Litecoin is also a popular choice with users as it possesses faster processing times when compared with its contemporaries. This makes it especially useful for spaces such as online sports betting where events are time-sensitive.
Depositing with Litecoin for your Sports Bets in India: Quick and Easy
Making a deposit on a bookmaker with Litecoin requires a few steps. Continue reading below for a full breakdown.
India: How do I register with Litecoin to place a bet with a bookmaker?
Obtaining a strong understanding of cryptocurrency can certainly be tricky. Luckily, Litecoin functions similarly to other digital wallets in that you need to go through the process of purchasing (loading money) which is then transferred to the destination. These are the steps you’ll need to sign up with a wallet:
- Research and choose from various cryptocurrency wallets.
- Select the one you are most comfortable with and register an account.
- With your account now registered at a crypto wallet, select the option to purchase Litecoin.
- Choose the payment option that works best for you when making the Litecoin purchase. Debit/credit cards and bank transfers are both usually provided.
- Next, you will select the amount of Litecoin you want to purchase. This is the amount that will be available in your account and thus how much you can deposit with a bookmaker.
- The transaction is usually instant and your Litecoin will be immediately available in your digital wallet.
As you can see from the above, the first step in depositing Litecoin to an online bookmaker in India is to purchase the Litecoin itself. To achieve that, you’ll need to register with a crypto wallet.
How Do I Place Sports Bets with Litecoin in India in 2024?
Once you have purchased Litecoin and it is in your online cryptocurrency wallet, the next step is to send the Litecoin to your preferred betting site. Navigate to the cashier section of your preferred bookmaker and select the Litecoin option. You will be provided with a wallet address, which is a random sequence of letters and numbers (usually between 26 and 32 characters). These are quite long so it’s advisable to copy it to your clipboard. After that is complete, head back to your crypto wallet and select the option to send cryptocurrency. Select Litecoin and enter the bookmaker’s wallet address as the send destination. All set! Your deposit should arrive in your sports betting account in a matter of minutes.
It’s also useful to keep in mind that as the popularity of crypto increases, more and more betting sites begin to look for ways to incorporate it. This results in some sites even operating completely in cryptocurrency. Stake, for example, is a bookmaker that is open to bettors in India and allows its users to place their bet using Litecoin, Bitcoin, Ethereum and others. For digital currency enthusiasts, this can be a huge selling point.
Is it Possible to Use Litecoin to Withdraw Money from an indian Sports Betting Site?
If a betting site offers Litecoin as a deposit option, they will almost always offer it as a withdrawal method as well. The majority of online bookmakers implement a closed loop policy which states that the customer must use the same method to withdraws that they used to deposit.
Cryptocurrency stands out as a particularly useful tool when it comes to withdrawing due to the extremely fast speeds. Receiving a withdrawal through Litecoin can often be much faster than some of the more traditional methods such as bank transfers. Users should find that the process for withdrawing with Litecoin to be quite similar to that of depositing. After specifying on the bookmaker the amount you want to withdraw, you’ll then enter your personal crypto wallet address.
It’s important to verify with the bookmaker as processing times could vary. However, we’ve found them to be quite fast with some sites even listing the withdrawal time to be 15 minutes for Litecoin.
Litecoin Fees: Do They Exist for Sports Betting in India?
Sports betting sites in India will not charge any additional fees for deposits made with Litecoin. You’ll find that this applies not only to Litecoin deposits, but to nearly all deposit methods in 2024. The only fees that you’ll have to be aware of are the ones that you are charged when you make a Litecoin transfer. However, this charge is from Litecoin’s side and not the bookmaker’s side. Litecoin transfer fees are also some of the lowest in the cryptocurrency space and are much less than the average Bitcoin transfer. The average transaction fee with Litecoin is only ₹3 (0.035 USD)!
Does Litecoin have Minimum and Maximum Deposit Amounts for indian online Bookmakers?
Litecoin minimum and maximum deposit amounts for online bookmakers in India vary from site to site and are determined by the bookmaker themselves. This is the case for all deposit methods in the online sports betting industry. It’s important to verify with your preferred betting site what the limits are set at. A deposit using a bank transfer could have different limits than one made by using Litecoin.
Many betting sites don’t tend to differ their deposit limits depending on the type of cryptocurrency used. 1xBet, for example, has the same deposit limits whether it's Litecoin, Bitcoin, Ethereum or any other offered. In many cases, maximum deposit limits can be raised by contacting the customer support section of your preferred bookmaker.
Which indian Bookmaker Mobile Apps Can I Use to Bet with Litecoin?
The popularity and incredible rise of mobile betting in the online sports betting industry has led to bookmakers adapting their services to mobile apps. You’ll find many betting sites in 2024 offer their own specialized application or, at the very least, a highly-optimized mobile version of the site.
Additionally, using Litecoin for your online sports betting synergizes well in this regard as you can complete all of your crypto transfers through your mobile device. Online crypto wallets all offer a dedicated app meaning all of your deposits, bets and withdrawals can be done by the convenience of your mobile device!
Which Is the Best Betting Site for Litecoin in India?
We’ve listed out our top recommendations for betting sites in India that accept deposits with Litecoin. Whether you’re looking for sites that operate exclusively in crypto, such as Stake, or a more traditional experience such as 1xBet, you’re sure to find something that you like with each bookmaker.
- 1xBet
- Stake
- 10cric
- Betwinner
In a Nutshell: Why Use Litecoin at Your Bookmaker for Online Betting in India?
Cryptocurrency feels almost like a natural fit when it comes to online sports betting. It protects your identity and personal information all while providing lightning-fast processing times.
With Litecoin in particular, users will find some of the fastest deposit and withdrawal processing speeds currently available. The continued legitimacy of cryptocurrency on a global level also lends more credence to the digital currency as a viable method to fund your online betting account.
Payment methods for betting sites in India:
- Bitcoin Betting Sites in India: Bookmakers that Accept Bitcoin
- Paytm Betting Sites: Bookmakers in India that Accept Paytm
- Best betting payment methods for online bookmakers in India
- Ethereum Betting Sites: Bookmakers in India that Accept Ethereum
- PhonePe Betting Sites: Bookmakers in India that Accept PhonePe
