Why don't more gambling sites accept Litecoin?

Discussion in 'General Bitcoin Gambling Discussion' started by EthHead, Mar 3, 2017.

  1. EthHead

    EthHead Member

    Litecoin has cheaper fees and faster confirmation times so why don't more bookmakers and poker sites accept it? A year ago most of my bitcoin deposits were confirmed within 20 minutes but for the past few months it has taken a couple of hours. Bitcoin transaction fees seem to have jumped from about 20 cent to 50 cent in the same amount of time. Litecoin transactions cost a couple of cent and confirm in a couple of minutes.
  2. Humble Servant

    Humble Servant Active Member Staff Member

    I suspect many more will if the bitcoin scaling debate is not settled soon. BetOnline BTC friendly sportsbook and poker room have recently begun accepting bitcoin.

    I recently started paying for my VPN using litecoin because it didn't make sense to pay a $2 fee to pay a $10 bill with bitcoin.
  3. Toast

    Toast Member

    DirectBet used to accept litecoin (and Dash and Dogecoin) until they closed last month. I guess there's not huge demand for altcoin sports betting yet.
  4. Dara

    Dara Member

    Litecoin have large blocks, zero congestion, 2 minute confirmations and a proven track record. It would make more sense for people to use Litecoin than Bcash/Bitcoin Cash.
  5. Jake21

    Jake21 Member

    i bought a lot of litecoin after segwit activated because i was expecting the price to skyrocket but it didn't which was disappointing. the price of bitcoin has gone up 30% though so i think i missed out on some easy profit there.
  6. Wonka

    Wonka Member

    I fear that Bitcoin Cash might steal Litecoins thunder as the silver to bitcoin's gold. I wouldn't be surprised if bookmakers and poker rooms start integrating BCC first.
  7. bitpunter

    bitpunter New Member

    Is mbet.io the only sportsbook to accept Litecoin?
  8. Humble Servant

    Humble Servant Active Member Staff Member

  9. bitpunter

    bitpunter New Member

    cheers, thanks
  10. 4TheWin

    4TheWin Member

    you can now also deposit or withdraw from betonline with litecoin.
  11. Humble Servant

    Humble Servant Active Member Staff Member

  12. Spud

    Spud Member

    Bitcoin fees are on the rise again this week. I paid about $1 for a $20 transaction. If that continues or gets worse then we could see more gambling sites accepting and encouraging their users to use Litecoin and other altcoins.

    Hopefully the Lightning Network will advance enough over the next year to keep fees down.
  13. EvilK

    EvilK Member

    The price of Litecoin has been rising steadily over the past few weeks because the Litecoin halving happens in July or August of 2019 (basically next month). This means that the supply of new LTC coins will halve. This supply shock typically sends the price skyrocketing so it would be a good time to buy some LTC now.

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