Litecoin Casino Deposits & Withdrawals

Using Litecoin at Rainbet Casino Canada

Litecoin (LTC) is one of the oldest and most established cryptocurrencies, often referred to as the "silver to Bitcoin's gold". At Rainbet Casino, Litecoin has become a favored payment option for casual players who deposit smaller amounts. The Litecoin blockchain operates with a fast 2.5-minute block confirmation time, which is four times faster than the Bitcoin mainnet. More importantly, Litecoin transaction fees are incredibly low, typically costing less than 5 to 10 Canadian cents per transfer.

For Canadian players, using Litecoin avoids the high gas costs of Ethereum and the occasional congestion fees of the Bitcoin network. Rainbet accepts Litecoin via the native LTC blockchain and immediately updates your active account balance once confirmations are achieved. Below are the specific parameters of Litecoin transactions at Rainbet Casino:

Step-by-Step: How to Deposit Litecoin

Depositing Litecoin requires a personal cryptocurrency wallet or exchange address configured for native LTC transfers. Follow these steps:

1. Navigate to Cashier and Choose LTC

   Log in to your Rainbet dashboard, access the cashier, and select "Deposit". Choose "Litecoin (LTC)" from the list of payment tokens.

2. Copy the Litecoin Wallet String

   The cashier will generate a unique Litecoin address and QR code. Copy the address string to your clipboard. Ensure you do not add any trailing spaces.

3. Paste Details in Your Wallet App

   Open your personal crypto wallet (e.g., Trust Wallet, Exodus, Atomic Wallet) or exchange app (e.g., Shakepay, NDAX). Select "Send" or "Withdraw", choose Litecoin, and paste the copied address.

4. Confirm and Broadcast Transfer

   Input the amount of Litecoin to send (min. $30 CAD equivalent) and confirm the transaction. The blockchain network fee will be displayed, which is typically a fraction of a cent. Confirm the transfer.

Step-by-Step: How to Withdraw Litecoin

Litecoin payouts are highly efficient at Rainbet. Make sure your profile has passed the mandatory KYC verification check described on our Payments Page before requesting a payout:

1. Copy Your Public LTC Address

   Open your personal crypto wallet, select Litecoin (LTC), and click "Receive". Copy your public receiving address to your clipboard.

2. Access the Withdrawal Dashboard

   Go to the Rainbet Cashier, click "Withdraw", and select "Litecoin (LTC)".

3. Paste Address and Input Amount

   Paste your receiving address into the designated field. Enter the quantity of Litecoin you wish to cash out (min. 0.1 LTC). Verify the address is correct.

4. Receive Funds in Your Wallet

   Submit your request. The transaction is validated and broadcast to the blockchain. Because Litecoin blocks confirm every 2.5 minutes, your funds will arrive in your wallet within 10 to 15 minutes.

Important Litecoin Address Formats & Guidelines

Litecoin uses multiple address formats which can occasionally confuse players. Follow these native rules:

• M-Addresses and L-Addresses: Modern Litecoin addresses usually start with the letter "M" (Multisig format) or "L" (Legacy format). Rainbet supports both formats. If your exchange complains about an address format, check if they require a legacy conversion or support SegWit.
• Strictly Use Native Litecoin Network: Do not send Litecoin via BNB Chain (BEP-20) or Ethereum (ERC-20 wrapped tokens), as Rainbet only credits native mainnet LTC transactions.
• Ideal for Small Transactions: If you are testing the platform with the minimum deposit of $30 CAD, we strongly recommend using Litecoin, as Bitcoin and Ethereum network fees can consume a noticeable percentage of small deposits during busy periods.