Stake casino Litecoin guide: How to deposit and withdraw

The top cryptocurrencies by trade volume and market capitalisation, such as Bitcoin (BTC) and Ethereum (ETH), dominate global adoption across many industries, including online gambling. While these two crypto assets lead the market, some altcoins are worth using, with Litecoin (LTC) being a standout choice. 

Litecoin, a hard fork of Bitcoin launched in 2011, has long maintained its popularity as an appealing alternative to the most valuable crypto. It enjoys many similarities, including its simple blockchain, which is also a bit more advanced since it’s more developer-friendly. Hence, LTC has nearly the same support as BTC in various fields, including crypto casino gambling.

If you’re a fan of crypto betting, you’ll find that using LTC in a Stake casino is just as seamless and enjoyable as BTC. Here’s a guide to help you get started and make the most of your LTC experience:

How can I deposit Litecoin into my Stake casino account?

To use Stake casino Litecoin bankroll in online gambling, you must first deposit LTC into your account. Stake offers the most direct way to do so through peer-to-peer (P2P) blockchain transactions. Here’s the basic step-by-step on how to transfer LTC from a third-party storage system to your Stake casino wallet:

• Log in to your Stake account and go to the wallet page. 
• Click on the ‘Deposit’ button.
• Select LTC as the active crypto.
• Retrieve the wallet address by copying the generated code or scanning the QR code using a third-party wallet app. 
• Send LTC from your external wallet to the provided address. 
• Wait for the Stake Litecoin deposit to complete the process. 

Once the deposit is reflected in your Stake casino balance, you may begin to use it to place bets on various games. It follows all the freedom for casino and sports betting as any virtual currency, and it is the asset you earn on winning wagers. 

If you don’t have Litecoin on hand to deposit, then you also have the option to buy the asset. Stake is partnered with MoonPay, a third-party exchange providing instant conversion. You don’t have to leave the website to begin the transaction to follow these steps and complete the trade:

• Log in to your Stake account and go to the wallet page. 
• Click on ‘Buy Crypto’.
• Select the currency you want to use to pay. 
• Select the Litecoin on the crypto you wish to receive. 
• Input how much money you are willing to pay or the amount you wish to receive. 
• Click on ‘MoonPay’ to begin the translation.
• Wait for the Stake Casino Litecoin deposit to complete. 

This can take much longer than a P2P deposit using a crypto wallet. MoonPay is a decentralised on-ramp exchange platform, so it’ll still be as quick as a few moments. If it’s still not reflected in your account balance, try refreshing your Stake webpage and then checking your casino wallet again. It should reflect properly, and you may begin playing crypto casino games. 

What are the minimum and maximum deposit limits for Litecoin on Stake Casino? 

Stake does not have a minimum or maximum deposit limit for any crypto. You may transfer any amount in Litecoin as you wish using any crypto wallet that is available to you. However, this is independent of other factors like the wallet providers and the blockchain. 

All blockchains have a specified minimum for spot trading. For Litecoin, it is typically 0.1 LTC, which means your minimum deposit on Stake should be equal to or higher than that. 

Crypto wallets and exchanges also have a transaction limit, with 0.001 LTC being a common minimum. Even though Stake doesn’t impose any limits, all deposits must meet the minimum or maximum of the third-party service you are using.

Are there any fees associated with using Litecoin on Stake?

There is no fee charged for any Stake Casino Litecoin deposit or any crypto, for that matter. However, it is not reflective of other platforms involved in the transaction. The Litecoin blockchain will charge you for fees for every transaction. As of September 2024, the average fees are between $0.01 to $0.04 worth in LTC scaling with the transfer size. 

Payments for these fees are deducted from the amount being transferred. You can accommodate those rates by adding them to the Litecoin you send when depositing to Stake. On top of the blockchain fees, you can also consider the charges from the wallet. All payment services charge fees for all transactions, but their rates may vary.

To check for Litecoin transaction fees, review your wallet menu during the transfer process. Most crypto wallets indicate how much you have to pay to process a transfer and will let you know the total balance left that will reach the recipient. Use this data to maximise casino bonuses when building your Stake Casino Litecoin bankroll. 

What is the Litecoin withdrawal process on Stake online casino?

Your LTC winnings will be ready to withdraw once you’ve completed the wagering requirements. These become active after making a deposit and claiming casino bonuses. You can begin the withdrawal process to claim your Litecoin prizes when it's done.

The withdrawal process is just as simple as the deposit method. You’ll need to transfer your Litecoin funds to a third-party wallet as a recipient using the same P2P method. Here’s the step-by-step process for withdrawing your cryptocurrency:

• Log into your Stake account and go to your wallet. 
• Go to the ‘Withdraw’ page.
• Choose Litecoin as the active balance from which you wish to withdraw. 
• Enter the wallet address to receive the assets you are about to transfer. 
• Type in the amount you wish to withdraw in the input box. 
• Complete the two-factor authentication (2FA) or OAuth verification steps when prompted.
• Click ‘Withdraw’ and wait for the transaction to be processed. 

Stake Casino doesn’t set a maximum withdrawal limit, so you can claim any LTC size you wish. However, the casino has minimum requirements for how much you can withdraw and a fee to be deducted from the amount being transferred. This applies to all crypto, but for Litecoin, here are the following details:

Email verification is required for Litecoin deposits and withdrawals

Under normal circumstances, the steps for deposits and withdrawals should be all there is. However, new users at Stake Casino will need to verify their email addresses before proceeding with any transaction. This simple step ensures your account is fully set up and secure. 

Complete these steps to get it over with, and Stake Casino will process your transactions:

• After signing up, go to your inbox at the address you provided on sign-up.
• Look for the latest email from Stake Casino about email verification and open it.
• Click on the ‘Verify email’ button at the bottom of the text, and it will be complete. 

If you get errors stating that ‘the verification link has expired’, then request to send a new one. Don’t spam it because it will send multiple emails and the latest will be the only link that works. This is typically only asked once but Stake will require another verification in the future if your account is frequently left inactive for a week or so.

Do I need a cryptocurrency exchange account to use Litecoin at Stake?

Yes, you will need an account at an online casino crypto currency exchange. This is the platform where you can buy LTC and then deposit that to your Stake Casino account to top up. You can purchase crypto on the website via MoonPay but that will also require you to register. 

In addition to buying crypto, it offers a platform for selling your winnings. LTC wouldn’t be cashable otherwise and still has limited adoption for various industries. The best way to make the most out of your jackpot prizes is to convert them to other currencies, fiat or crypto, that can be used for goods and services. 

Signing up for an exchange account is simple but different from Stake Casino registration. Here’s a step-by-step process that works for most exchanges regardless of brand:

• Click the ‘Sign up’ button found on the exchange homepage. 
• State that the account you’re making is for an individual.
• Enter your email address and any other requested information.
• Generate a wallet that will store all assets you wish to prepare for trade or receive the ones you bought. 

It won’t be required right away during the registration process, but you will have to give the exchange your personal information. This is to comply with know-your-customer (KYC) protocols that most payment providers need before they let you send money to your exchange account. 

After registration, the exchange will generate its wallet that you can use to store crypto. It has the basic features for money transfer between accounts, letting you top up your Stake Litecoin balance using the LTC you bought. Direct transactions between exchange and casino also mean you only pay one P2P, making direct transfer cost-effective for all gamblers. 

How does Stake Casino protect my Litecoin transactions?

Stake Casino Litecoin transfers are protected by cryptography, as with all blockchain-based payments. On top of that, the casino is protected by Secure Sockets Layer (SSL) encryption to safeguard your privacy and the website’s integrity. Thus, every transaction is kept safe from data breaches and hacks from bad actors. 

For added security, Stake also offers 2FA and OAuth for users. 2FA requires a one-time password (OTP) sent to your SMS or generated on an authenticator app to complete a login or transfer request. OAuth is a verification process that will ask you to log in to Google, Facebook, or Line, whichever platform is linked to your Stake account. 

OAuth Verification is automatically activated if you have a linked third-party account. However, 2FA has to be enabled. Here’s how you set it up to protect your account in transactions with Stake:

• Log in to your Stake account. 
• Click on the profile icon located in the upper right corner of the page.
• Click ‘Settings’ from the profile menu.
• Toggle to the ‘Security’ tab. 
• Scroll down to find ’Two Factor’. 

This offers a generated code and a QR code to link with a third-party authentication app. Download one of those, but Stake highly recommends Google Authenticator. It is simple and maintained by one of the biggest companies worldwide. To link the authentication app, follow these steps:

• Make an account in the authentication app.
• Click the ‘Add account’ or ‘+’ sign on the app.
• Choose either option:
  • Scan QR code – If you’re using the app on a separate device with a camera, point the camera to your Stake Casino’s 2FA QR code. 
  • Enter a setup key – If it’s on the same device, copy the generated 2FA code and paste it on the authentication device. 
• Input your Stake casino account password on the ‘Password’ input box on the Two Factor page.
• The app will generate its first code, which you should input in the ‘Two Factor Code’ box. 

Click submit before the code refreshes and is replaced by a new one. If you fail to do it in time, simply input the newly generated code and try clicking on the ‘Submit’ button again. You only have to set this up once, and it will be ready to protect you at all times. Once set up, it will always ask for an OTP for every Stake login and withdrawal. 

How fast are Litecoin transactions at Stake Casino?

Litecoin transaction speed takes around 2 minutes, making it a faster alternative to Bitcoin (BTC) but not as quick as Cardano (ADA) or Ripple (XRP). However, Stake Litecoin transaction time can take up to 8 minutes when there’s network congestion. This happens when activities are high in the Litecoin blockchain and impacts all users.

What should I do if my Litecoin deposit or withdrawal does not appear in my Stake account? 

If your Litecoin deposit or withdrawal isn’t appearing in your account balance, several factors could be at play. Here are some of the common ones and their possible solutions:

Network congestion causing delay

Litecoin is subject to blockchain transaction delays. It’s usually no reason for concern because decentralised networks’ autonomous protocols are immutable and reliable. Your Stake Casino LTC deposit will arrive eventually but it won’t be instant during bullish days due to exchange activities. 

Slow internet does not update your balances

Your LTC deposit may have already been deposited into your account, but it’s still not reflected. This might be just an error on the display due to a bad internet connection. Try refreshing the Stake webpage or checking back later to see if the update has been made. 

The transfer request is still pending

Check the transaction history to see if the deposit/withdrawal request has still not been reflected in your account. The issue could be from the server, which will delay all actions. When this happens, they will remain in ‘pending’ status. You can contact customer support for assistance and coordinate with them to troubleshoot the problem. 

Missing funds from completed transactions

Missing funds is one of the biggest issues you never want to encounter. This is the typical conclusion as to why your balance still doesn’t reflect your deposit, even though it states that the transaction is complete. The common reasons for missing Stake Casino LTC transactions could include the following:

• The funds are sent to the wrong address: Most wallets will stop you from sending the money if the address doesn't exist. However, it’s possible to send cash to an existing address that someone else owns. If you know the recipient, you can arrange a return of your LTC. Otherwise, the asset is gone because blockchain transactions are immutable. 
• You used the wrong channel for the transaction: Online casino Litecoin deposits should be sent to the correct address. For example, you should not attempt to send LTC to the Bitcoin-generated address or QR code. This will result in a non-creditable transaction that cannot be reversed if completed successfully. 

Insufficient transaction fees

The lightest concern you can have about incomplete transactions is not paying the blockchain and wallet/exchange fee for the LTC transfer. This occurs when your transaction request is too small for any deductions. Raise the transfer a bit to pay for the transfer cost, and you will be good to go. 

Frequently Asked Questions

Learn more about Stake Casino Litecoin transfers with these answers to the most common queries: