Litecoin confirms faster and costs less than Bitcoin, making it a favourite for casino deposits and withdrawals in Canada.
Reviewed by 
Priya Anand · Fact-checked by 
Marc Tremblay ·
Independently tested with real-money deposits and withdrawals, ranked by our editorial rating. Offshore operators that accept Canadian players — bonuses in CAD. 19+ (18+ AB/MB/QC).
Best Crypto Pick
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Licensed: Offshore
Ratings are aets.ca editorial scores — see our methodology. Bonuses shown in CAD and correct at our last check; confirm current terms on the operator's site. Operators are licensed offshore (typically Curaçao, Anjouan or Kahnawake) — not a Canadian provincial licence.
Litecoin is one of the best all-round coins for gambling. It settles in about 2.5 minutes with fees of fractions of a cent, it's accepted almost everywhere Bitcoin is, and it avoids the gas-fee spikes that can hit Ethereum. For a Canadian making frequent, smaller deposits and cashouts, LTC hits the sweet spot of cheap, fast and widely supported.
LTC is often described as the "silver to Bitcoin's gold." Confirmations are roughly four times faster than on-chain BTC and fees are lower, which matters if you deposit and withdraw often. Bitcoin still edges it on Lightning for pure speed and on liquidity, but for straightforward casino banking LTC is hard to beat.
LTC plays the full lobby, including provably-fair Crash, dice and Plinko. See how to verify results on our provably-fair casinos page.
A 100% match on a C$500-equivalent LTC deposit gives a C$500 bonus; at 40× that's C$20,000 to wager before cashout, and a 5× max-cashout would cap the withdrawable bonus at C$2,500. Check whether LTC qualifies for the welcome offer, as some sites restrict which coins earn bonuses.
LTC is cheaper and faster than BTC but still volatile. If you want a stable balance, deposit in LTC for speed and hold your balance in USDT. Recreational winnings are tax-free, but converting the LTC you won can create a capital gain on any price change — see our tax guide. More options on the crypto pillar.
Before you can deposit, you need coins. Canadians buy crypto at a registered Canadian exchange and fund it with an Interac e-Transfer from any Canadian bank. The main options:
| Exchange | Interac funding | Best for |
|---|---|---|
| Shakepay | Free Interac e-Transfer | Beginners — buy BTC/ETH in minutes, simple app |
| Newton | Free Interac e-Transfer | No trading fees baked into the spread; wide coin list |
| Bitbuy | Interac e-Transfer | FINTRAC-registered, established Canadian brand |
| NDAX | Free Interac e-Transfer | Low maker/taker fees, LTC/USDT (TRC-20) support |
| Kraken | Interac (via partner) | Larger bankrolls, deep liquidity, staking |
All of these are registered with FINTRAC as money services businesses and complete their own KYC when you sign up. Once your coins have settled, withdraw them to the casino (or to a self-custody wallet first). Full walkthrough: Interac-to-crypto guide.
The same coin can travel on different networks, and choosing the wrong one is the most common way Canadians overpay on fees — or lose a deposit entirely. Always match the network the casino shows on its cashier screen.
| Network | Used for | Typical fee | Speed |
|---|---|---|---|
| Lightning (BTC) | Bitcoin micro-deposits/withdrawals | < 1 cent | Seconds |
| On-chain (BTC) | Larger Bitcoin transfers | C$1–C$10+ at peak | 10–60 min |
| ERC-20 (Ethereum) | ETH and ERC-20 USDT | Variable gas (can be high) | 1–5 min |
| TRC-20 (Tron) | Cheapest USDT transfers | ~C$1 or free | ~1 min |
| Litecoin | LTC deposits/cashouts | Fractions of a cent | ~2.5 min |
Crypto casinos are known for large, layered welcome offers. You will see deposit matches, free spins, cashback and rakeback — but the wagering requirement decides whether an offer is actually good.
Worked example. Deposit the crypto equivalent of C$200 with a 100% match and you have C$400 to play. At 40× wagering on the bonus, you must bet C$200 × 40 = C$8,000 before withdrawing. A lower multiplier, a no-wagering cashback, or rakeback (a share of your wagers returned regardless of outcome) is far more valuable than a big headline number.
No Canadian province licenses crypto casinos, so every crypto casino accepting Canadians is offshore — licensed in Curaçao, Anjouan or by the Kahnawake Gaming Commission (a Mohawk Nation regulator located in Quebec — not a Canadian provincial licence). That is legal for players in a grey area, but it means you should vet a site yourself: check the licence on the regulator's register, look for provably-fair games or RNG audits, and test a small withdrawal first.
Tax: recreational gambling winnings are tax-free in Canada. However, crypto is treated as property by the CRA — when you later sell or convert the coins you won, any change in value since you received them can create a capital gain or loss. Keep a record of the CAD value at the time of each win.
Most crypto casinos serving Canada accept Litecoin (LTC). Our ranked list flags coin support for each site.
Once the casino approves your withdrawal, Litecoin payouts settle on-chain in minutes. The approval window, not the blockchain, is the main delay.
Usually yes — most crypto casinos let Litecoin deposits qualify for welcome matches, though a few exclude certain coins. Check the bonus terms first.
Many crypto casinos let you play and cash out with little or no ID up to a withdrawal threshold, then verify above it. See our no-KYC page.
Recreational winnings are tax-free, but converting the crypto later can create a capital gain on any price change since you received it.