đ Why LTC Beats Most Crypto Coins at Online Casinos
The more money you can save, the more cash you have to play casino games. The last thing you want is transaction fees to chew away at your winnings.
It’s worse if you’re on a shoestring budget because a $5 fee on a $50 win is brutal. That’s why I use Litecoin. It consistently costs me way less.
The table below shows the difference when I cashed out $1,000 using Bitcoin, Ethereum, and Litecoin. This illustrates the importance of using the right coin at crypto-friendly casinos.
| Crypto | Average Withdrawal Fee | My $1,000 Withdrawal Fee | Speed (Confirmation Time) | Ideal for Players Who |
|---|---|---|---|---|
| Bitcoin | $2.50â$10+ | $6.23 | 30 minutes | Want name-brand trust but donât mind delays or fees |
| Ethereum | $4â$20+ | $9.84 | 5 to 15 minutes | Use smart contracts or hold ETH, but accept higher costs |
| Litecoin | $0.01â$0.10 | $0.04 | 5 to 15 minutes | Play regularly and want cheap, fast cashouts |
⥠Transaction Speed and Confirmation Times
Bitcoin: Slow Blocks, Slower Payouts
Bitcoin confirms a new block every 10 minutes. Most offshore casinos wait for 3 confirmations before payouts commence. That means youâre looking at a 30-minute delay at best, assuming the network isnât congested.
When you withdraw during peak hours or when the mempool is full, payments usually conclude within 90 minutes. Worse, if you donât manually increase the fee in your wallet, you’ll wait even longer.
Casinos like BetOnline flag BTC as âdelayedâ when network usage spikes after market crashes or major announcements.
According to BitInfoCharts, Bitcoinâs average confirmation time is 29 minutes, but it increases during weekends or US primetime.
Ethereum: Fast Blocks – Bottlenecks Kill It
Ethereum pushes blocks every 13 seconds, but that doesnât guarantee fast payouts. Iâve used ETH on casino withdrawals and still had to wait 5 to 15 minutes, sometimes longer.
Why? Gas fees control transaction priority. If I donât overpay for gas, my withdrawal sits behind others who do. And most online casinos arenât paying premium fees to process my payout instantly.
On busy days when DeFi apps or NFT drops drive up gas prices, I’ve waited over 30 minutes for funds. Etherscan stats show Ethereumâs average confirmation time at 13 seconds.
Real transaction finality can take 2â10 blocks, especially if they involve smart contracts. That slows things down and adds risk.
Once, a casino rejected my withdrawal because the gas limit wasnât high enough. I don’t have to worry about that with Litecoin.
Litecoin: Fast, Reliable, Built for Speed
Litecoin hits the sweet spot for online casino withdrawals since it confirms blocks every 2.5 minutes. Besides, most offshore sites only require 2 confirmations. That means the cash appears in my wallet in under 10 minutes.
Unlike ETH, I donât need to worry about gas fees or failed smart contract executions. And unlike BTC, I donât have to watch a slow block crawl across the chain.
Over the past 6 months, over 80% of my Litecoin withdrawals cleared within 10 minutes, even during peak hours.
Data from LitecoinBlockHalf.com shows average confirmation times around 2.3 to 2.6 minutes. Furthermore, indicating consistent network reliability.
