The rise of digital currencies in sports betting is a clear indication of the industry’s expansion. Since many US gamblers have started using cryptocurrencies due to their advantageous features, Litecoin has become a popular choice. Both the US government and licensed offshore platforms support Litecoin.
This page aims to provide you with all the necessary information about Litecoin betting. It will also show you why people are switching to it and the best platforms to use.
The table below shows the best legal sports betting sites accepting US residents for Litecoin. All of them have been thoroughly vetted and are therefore legal for everyone in the country. Our team of experts also look for various features such as customer support, wagering type variance, and bonus promotions.
The links in the table will take you to the appropriate websites where you can examine their features and sign up for an account. There is no obligation to make a wager.
Similar to Bitcoin, Litecoin is a decentralized peer-to-peer currency that is used for online trading. It’s also got a larger block size, which allows it to process more transactions. Due to its various advantages, it has become one of the most popular cryptocurrencies.
Advantages of Funding Sportsbooks via Litecoin.
People who gamble on sports using Litecoin enjoy various perks, such as monetary incentives and potential rewards. These have led to a surge in players switching to this type of digital currency.
Transactions conducted in Litecoin can be completed immediately, as they are not tied to any financial institution. Since it has an accommodating block size, transactions take seconds to be confirmed by the miners.
The UIGEA does not affect the operations of Litecoin. Since it is not a part of a financial institution, it does not have the same formal requirements when it comes to processing transactions. Also, cryptocurrencies are legal in the US.
Some of the best offshore sports betting platforms in the US offer exclusive bonuses for players using cryptocurrencies. These include match bonuses, which are usually based on the amount of money that the client deposits. For instance, a sportsbook may give you a 100% match up to $1,000.