Litecoin at BAKS.BET: a practical guide to LTC payments
Litecoin (LTC) works at BAKS.BET on the Litecoin network. A deposit needs 6 confirmations, which is about 15 minutes by public chain figures, and the minimum is $5. The balance is in US dollars, so the LTC amount is converted at the rate fixed when the deposit is credited. A withdrawal costs a network fee of $0.5, the rate is fixed at confirmation, and the spread of 0.8% applies. LTC is a classic payment coin: simple, with its own address format and no memo.
Key facts
- Network
- Litecoin (LTC)
- Min. deposit
- $5
- Confirmations
- 6 (about 15 minutes)
- Withdrawal fee
- $0.5
- Conversion
- to USD at the rate fixed on credit
- Withdrawal rate
- fixed at confirmation, spread 0.8%
- Withdrawal limits
- from $10 to $10000 per request
Supported networks, minimums and fees
| Network | Standard | Min. deposit | Withdrawal fee | Confirmations |
|---|---|---|---|---|
| LTC · Litecoin | Litecoin | $5 | $0.5 | 6 |
Withdrawals: from $10 to $10000 per request. The figures are the current defaults; the cashier always shows the live values before you confirm.
Depositing LTC
Choose LTC in the deposit page and the cashier gives you a personal Litecoin address and a QR code. The address is generated for your account from our HD wallets. Send only LTC, and only over the Litecoin network. Litecoin addresses have their own formats, and wallets normally refuse to send to an address of a different chain, but exchange withdrawal forms are less strict, so read the network name there.
Your deposit will move through awaiting confirmations, confirmed and credited. Anything under $5 is not credited, so if your exchange takes a fee, send a little above the minimum.
Speed compared with Bitcoin
Litecoin produces blocks much more often than Bitcoin, roughly every two and a half minutes, which is why a deposit of 6 confirmations takes about 15 minutes, while Bitcoin needs about 20 minutes for far fewer confirmations. The numbers are rough: block times vary, and a transaction with a very low fee can wait for its first confirmation.
If you want the quickest start, a stablecoin on a quick network is faster still. Litecoin's strength is not extreme speed but a combination: a low network fee on the sending side, a simple address and a long history as a payment coin.
Price handling for LTC
LTC has a market price. The cashier converts the received amount into USD at the rate fixed at the moment of crediting, and your balance and every stake are in dollars. A later fall or rise of Litecoin does not change that balance.
The exposure sits in the roughly 15 minutes of confirmations: if the price moves meanwhile, the rate used is the one at credit. For withdrawals the rate is fixed at confirmation and the spread 0.8% is applied, shown on the screen before you accept.
Withdrawing Litecoin
Go to withdrawals, choose LTC, paste the address and enter the amount in dollars, from $10 to $10000 per request. The network fee is $0.5. These are defaults, and the cashier always shows live values.
The request is reviewed by a person, usually within 30 minutes, not guaranteed; the account shows created, in review, approved, signed, sent to the network and completed. You may cancel while it is waiting. Verification may be requested for a withdrawal of $5000 or more (a single withdrawal, or the total of the withdrawals over 30 days). A withdrawal while a bonus is active cancels the bonus, which is explained in the bonus rules guide.
Mistakes people make with LTC
The most frequent mistake is sending LTC from a service that offers it under a wrapped form on another chain, for instance as a token on BNB Smart Chain. That is not the Litecoin network, and the deposit will not arrive. Another one is a typo from retyping the address by hand; copy and paste it, and compare the first and last characters.
Also be careful with exchanges that pool small withdrawals or set a minimum above ours. No memo or tag is needed. If something looks wrong, collect the transaction hash and follow the withdrawal and deposit guides before you contact support.
Who Litecoin suits
Litecoin suits players who like a low-fee coin with a long track record, those who hold it already, and those who want a payment that is neither as slow as Bitcoin nor tied to a smart-contract network. For quick sessions in Crash or Dice, the dollar balance stays constant after credit, so you can stake in dollars rather than in fractions of a coin.
Risks are the same as for any priced coin: price movement while you wait for confirmation and after withdrawal. And the games have a house edge whatever you pay with. Play within a budget, 18+ only.
Frequently asked questions
How many confirmations does an LTC deposit need?
6 confirmations, which is about 15 minutes on average on the public Litecoin chain. Blocks come irregularly, so it can be shorter or longer. The status in your account shows the progress.
What is the minimum Litecoin deposit?
By default $5. A deposit below it is not credited and gets the status below minimum. Count any fee your exchange deducts, and check the live value in the cashier.
At what rate is LTC converted?
At the rate fixed at the moment the deposit is credited. The balance is in dollars from then on, so a later change of the Litecoin price does not affect it.
What does an LTC withdrawal cost?
The network fee is $0.5 and the rate is fixed at confirmation with a spread of 0.8%. You see both before you confirm, and the cashier shows live values.
Is a memo or tag needed for Litecoin?
No. Send LTC to the personal address from the cashier on the Litecoin network. Do not send wrapped LTC from other networks and do not reuse the address for other coins.
Is Litecoin faster than Bitcoin here?
On the public chain, blocks are faster, so LTC deposit confirmation takes about 15 minutes against about 20 for Bitcoin, as rough figures. Neither is as quick as a stablecoin on a fast network.
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Updated: 2026-11-04. 18+. Gambling can be addictive: stake only what you can afford to lose.