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litecoin casino guide for deposits and withdraws


May 9, 2023


May 9, 2023

Blog » Crypto guides » Crypto Deposit Guides » YOUR GUIDE TO PLAYING WITH LITECOIN

As a leading online casino, we know that Litecoin and other cryptocurrencies are the way of the future. You can now deposit funds and withdraw winnings using Litecoin.

This guide will give you everything you need to know to use crypto to play – from creating an account with Coinbase (one of the most widely-trusted and easy-to-use trading platforms) to cash out your winnings instantly using Coindraw.


Deposit and play with Litecoin at punt casino


Once you have created a Coinbase account follow this tutorial and you will make smooth crypto transactions in no time!

Why use Litecoin?

Litecoin can be seen as a lighter, more efficient version of Bitcoin. Its design was aimed at offering similar benefits to Bitcoin (total anonymity when transacting online, safer online banking) but with some very interesting added improvements:
  • Faster transactions
  • Cheaper (network fees are close to none)
After more than 12 years of successful operation, Litecoin has achieved this goal, and so much more: it managed to become one of the leading cryptocurrencies! For those new to this, the benefits of using Litecoin may come as a pleasant surprise.

Purchasing Litecoin Through Coinbase

What You’ll Need

Before you start, you’ll need:

  • Debit/credit card or Paypal
  • Bank account information


Step 1:

First, you need to choose a payment method. You will have the option to link your bank account, your credit/debit card, or PayPal.


coin base payment upload

  • If you link your Debit/Credit Card,, you can only purchases – you cannot sell, withdraw, or deposit.
  • If you link your PayPal account, you can only withdraw – you cannot sell, deposit, or buy.
  • Linking your bank account is the only way you can buy, sell, deposit, and withdraw your funds; however, it will take 4-5 business days for the transaction to be finalized.

Step 2:

In order to use crypto at our casino, you must first have Litecoin in your Coinbase account, which you can easily buy directly through Coinbase. Here’s how:


Click the “Trade” button in the top-right corner.


select buy on coin base


In the pop-up that follows, select “Buy”

Select Litecoin

and select Litecoin

select Litecoin

Enter the amount of Litecoin (in USD) you would like to purchase.


enter the amount you wish to purchase

Choose which method of payment you would like to use, and click “Preview Buy.”

preview buy

How to Make a Deposit With Litecoin

What You’ll Need

Before you start, you’ll need:

  • Mobile phone to receive SMS verification codes


Step 1:


Now that your Coinbase account is up and running, you can begin playing at our online casino using your Litecoin. Most of this can be done directly through Coinbase, but first, you must log in to your account at our casino and make a deposit at the Cashier.

Navigate to the Cashier at our casino and select the amount you would like to deposit

Choose “Litecoin”

select Litecoin

as your deposit option and click “Deposit”.

Select deposit


A QR code will pop up, and a Crypto Address will be displayed. Copy the Crypto Address




Step 2:

Great! You have the crypto address. Now you’ll go to Coinbase and click “Portfolio” on the Menu Bar, and select “Litecoin” to be taken to your Wallet. To start your transaction, click “Send”.

send litecoin



Click on asset


select asset


Select “Litecoin”



Select Litecoin


Step 3


You’ll see a pop-up box asking for the recipient’s name – this is where you put the crypto address that you copied earlier. Click “Continue.”

copy and paste the code you got from the deposit page


Step 4:


Review the details of the transaction and confirm it is correct by entering the seven-digit code you receive via SMS. For security reasons, it will take 3-10 minutes for Coinbase to complete its chain of confirmations and for you to see the deposit reflected in your balance at the casino.


Take Your Winnings Home With Coindraw

You can put your winnings straight into your pocket in as little as 15 minutes with Coindraw! If you qualify for Coindraw, you’ll see it as one of your withdrawal methods at the cashier.



Step 1:

Select “Withdraw with Coindraw” as your withdrawal method

withdraw with coin base casino

Step 2:

  • Navigate to the Cashier at our casino and select “Withdrawals” in the left-side menu
  • Enter the amount you would like to withdraw
  • Select Bitcoin as a withdrawal method
  • Paste your Crypto Address and click “Submit for Verification”.
coindraw withdraw step

Step 3:


Click “Withdraw to Wallet” and receive your winnings in about 15-30 mins!


And that’s everything you need to know to get started with crypto! It’s a safe, reliable, easy-to-use way to manage your bankroll.

Punt Crypto Casino is in no way affiliated, administered, or endorsed by Coinbase.


With over a decade in the online gambling industry and a passion for all things crypto, Ethan offers valuable insight into playing at Punt with in-depth reviews, gambling guides, and informative content to help our readers make the best of their Punt Casino experience. Get all the ins and outs of crypto gambling with Ethan and our team of gambling experts right here, on the Punt Casino blog.

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