Philippines Litecoin Sports Betting

Litecoin betting in the PhilippinesThe top Philippines-friendly online sportsbooks all accept a wide range of sports betting banking options, but the most popular by far are the various cryptocurrencies supported by these venues. Bitcoin has long been accepted by all reputable betting sites, but the crypto market also has many compelling alternatives (aka altcoins) to choose from. Litecoin is among the best of these, which is why Philippines Litecoin sports betting has really taken off lately.

With Litecoin, you get all the benefits of crypto sports betting without the higher fees and transfer times associated with some other cryptocurrency options. To learn more about Litecoin sports betting and how to safely and legally use this valuable new payment option for online gambling deposits and withdrawals, our short guide sheds some Litecoin on the subject! 

Best Litecoin Sportsbooks For Filipino Bettors

Site NameCurrent BonusPayout SpeedAgePHPlay Now
Betonline50% Max $1,00024-48 Hours18+Play Now
1XBit SportsbookUp To 7 BTCInstant18+Play Now
MyBookie Sportsbook Logo50% Max $1,00024-48 Hours21+Play now
Sportsbetting.ag50% Max $1,00024-48 Hours18+Play now
Xbet Sportsbook50% Max $50024-48 Hours21+Play now

What Is Litecoin?

Litecoin coinsLitecoin is a crypto altcoin (i.e. a non-Bitcoin crypto asset) that was launched in 2011. Litecoin is considered by most analysts to be the very first successful “Bitcoin spinoff,” and it was developed to solve some of Bitcoin’s most pressing issues, such as slow blockchain verification times and expensive mining costs.

As a result, Litecoin (ticker symbol LTC) has been a favorite among crypto traders for years. It’s also been one of the best crypto investments to date, as the price of Litecoin today is up roughly 3400% since its initial $4.30 valuation – and that’s not taking into account the Litecoin halving that took place in 2019!

Needless to say, Litecoin is a great option for sports bettors looking to streamline their deposits and withdrawals while enhancing their long-term investment potential. After all, according to most Litecoin predictions, the Litecoin price is still low and has lots of room to grow. LTC is consistently inside the top 15 most-traded global crypto coins, and that status is unlikely to change. Clearly, you can bet more – and win more! – with Litecoin!

How To Bet on Sports With Litecoin In The Philippines

If you’re going to bet on sports in the Philippines, you should definitely bet Litecoin on sports in the Philippines. You get rapid, guaranteed deposits (3-5 minutes), the best online sports betting bonuses, the most favorable deposit and withdrawal limits, and access to same-day payouts. In addition, Litecoin value has a distinct upward trend, so you actually win more when you win!

Of course, to bet with Litecoin, you have to start out by buying Litecoin. Luckily, that’s simple, as there are several reputable LTC exchanges that accept Philippines residents. You can buy Litecoin at Coinbase, Coinmama, Binance, and Bittrex (among other popular services), and registering an account is quick and easy.

Once you have your LTC in hand, you can gamble with Litecoin by following the instructions below for making sports betting deposits and withdrawals.

Litecoin Sportsbook Deposits

Making LTC deposits at any top-rated online sportsbooks for Filipino punters is simple. All you have to do is join any site listed here and follow these brief instructions:

  1. Use any link on this page to check out a legitimate PH betting site, and click or tap the “Sign Up” or “Join” button.
  2. Fill out the membership form, making sure to use verifiable information. These sites all use cutting-edge SSL and TLS encryption, and they never share or sell your personal or financial information.
  3. Select the Litecoin deposit option. Your sportsbook will give you their Litecoin address (which is called a “Litecoin sending address”). Copy this down.
  4. Using your Litecoin exchange wallet or private LTC wallet, choose the “Send” option and paste in the above LTC address. Enter in the amount of LTC you wish to deposit, and submit the form.

Litecoin sports betting deposits take anywhere from 3-5 minutes to clear on average, so you should have your funds credited to your account effectively instantly. After that, you’re free to bet on all the PBA basketball, NBA basketball, boxing, volleyball, baseball, and football you can handle.

In fact, you can place wagers on just about any sports league in the world! Each site featured here covers 30+ different markets and features thousands of betting lines, including live betting odds, horse racing odds, and niche gambling options like online eSports betting.

Litecoin Sportsbook Payouts

Once you’ve placed your wagers and won big, you’ll want to withdraw the fruits of your Litecoin betting labor. And while you can request your payouts using more traditional options like courier checks and bank wires (or other cryptocurrencies like Bitcoin, Bitcoin Cash, or Ethereum), you can bet Litecoin is the best option.

Litecoin withdrawals have lower built-in blockchain fees than most other cryptocurrencies, and processing times are faster, too. You can claim payouts at the best Litecoin betting sites this way:

  1. Visit your site’s Cashier page and select Litecoin as your preferred method of payout. Enter in the amount of your eligible betting account balance that you’d like to claim.
  2. Open your LTC wallet and select the “Receive” option. This will generate a “Litecoin receiving address” unique to your wallet. Copy this down.
  3. Head back to the sportsbook withdrawal page and paste this address in the appropriate field. Then, just submit the form.

Most legal online sports betting sites in the Philippines process Litecoin payouts within just a couple of hours, after which point you should see the LTC show up in your wallet. Remember, LTC – and other cryptocurrencies – are the only ways to claim same-day payouts at the best PH online sportsbooks.

Litecoin Sportsbook Bonuses

In the Philippines, Litecoin gambling sites are attractive not only for the ease-of-use they offer to those making deposits and withdrawals, but because they actually give players the best possible sports betting bonuses, too. Basically, you can get free Litecoin with every deposit!

Of course, all deposit methods come with optional bonuses, but LTC bonuses (and other crypto bonuses) are even more valuable, usually worth 2-3X as much as typical promotions. Sportsbooks prefer using Litecoin for payouts, so they really make it worth your while when you use it to deposit.

You can claim new member sign-up bonuses, account reload bonuses, refer-a-friend bonuses, and more. And because crypto bonuses come with the same low rollover requirements as standard betting promos, we always recommend accepting them whenever they’re offered.

Philippine Litecoins

Litecoin Sports Betting FAQs

Is Litecoin legal in the Philippines?

Yes! Litecoin – and all other cryptocurrencies – are safe and legal to buy, sell, and trade in the Philippines. This includes using LTC for online sports betting at legitimate offshore sportsbook sites.

There are no PH financial laws barring the use of crypto, just as there are no PH gambling laws barring access to real-money online sports betting.

Is Litecoin safe for legal Philippines sports betting?

Litecoin today is one of the safest ways to send and receive money online. Crypto in general is much safer than traditional credit/debit transfers, and transactions are guaranteed to go through 100% of the time.

The Litecoin blockchain is quantum-hacking-resistant and has never been compromised by bad actors despite over a decade of attempts, which should give every Filipino bettor real peace of mind.

Where can I get Litecoin in the Philippines?

If you’re looking for where to buy Litecoin in the islands, you have several options. The best is to simply use one of the top Litecoin exchanges operating in the Philippines:

  • Binance
  • Bitpanda
  • Bittrex
  • io
  • Coinbase
  • Coinmama
  • eToro
  • Kraken
  • Paxful
  • + More!

If you don’t want to use a crypto exchange, you can buy LTC from private sellers instead, though this is not recommended for first-time users. You can also try your hand at mining Litecoin, though this isn’t a cost-effective solution for most users.

In fact, since the best sports betting sites actually let you withdraw your winnings in Litecoin regardless of the method used to top off your account, you can even make traditional credit/debit/bank deposits and then get paid out in Litecoin, bypassing the exchanges altogether!

When should I buy Litecoin to make sports betting deposits?

Knowing how and where to buy LTC is half of the equation. The other half is knowing when to buy LTC.

Since bettors naturally chase the best odds and the best potential payouts, they want to maximize how much their Litecoin is worth whenever they buy the asset. This can be done by keeping up to date with Litecoin news and Litecoin price predictions, then buying LTC when the price is trending low.

There’s no “best” time to buy LTC, as there’s never any telling how low Litecoin can go. But anything shy of the coin’s all-time high (ATH) is a safe bet.

Over time, you can expect the Litecoin value to surge past its prior ATH, so in the long run, most current Litecoin prices are favorable for the bettor and investor alike.

What is the best Litecoin wallet for Philippines sports betting?

There are several excellent options when it comes to the best Litecoin wallets. However, the LTC wallet you choose will be dependent on how often you intend to buy, sell, and trade the asset. In other words, if you want to regularly make Litecoin betting deposits, you’ll want to use a wallet that emphasizes convenience and mobile access.

That’s why we recommend using software Litecoin wallets (aka LTC “hot wallets”) like Electrum, Atomic, Exodus, Jaxx, and Guarda. Such wallets allow you to keep custody of your keys for an added layer of security compared to exchange wallets, and transfers to and from these Litecoin wallet apps are quick and secure.

If you want an added layer of security, you can opt for a Litecoin hardware wallet (i.e. Ledger Nano S, Ledger Nano X, Trezor One, Trezor Model T, etc.), but these require extra steps when moving your funds to online sportsbooks. When time is of the essence on a valuable betting line, hardware wallets might not be the best option.

The only kind of LTC wallet we don’t recommend is a Litecoin paper wallet, as these are solely used for offline “cold storage” and are suited only for Litecoin investors who don’t wish to actively trade their assets or make LTC transfers.

Is Litecoin a good investment for Filipino sports bettors?

One look at any Litecoin chart will tell you that LTC is a very good investment, and not just for PH online gamblers!

The Litecoin price history is full of ups and downs, of course, but over the long haul, it’s appreciated significantly, and it’s projected to increase in value in the coming years.

Many analysts predict that LTC will be worth over $300 in a year or two, with Litecoin forecasts optimistically ballooning into $1000 territory within a decade.