20Bet Litecoin Withdrawals – #1 Guide 2023
20Bet is one of the most popular gambling sites in the world. Players love to gamble there because of the wide selection of games and wagers they provide, the excellent security and safety through a great gambling license, wonderful gameplay and user experience, and excellent promotions and bonuses.
20Bet also offers a solid selection of payment methods that players can use to get money into and out of their accounts. Increasingly, players are turning toward cryptocurrency as the method for doing this, and one of the top cryptocurrencies in the world is Litecoin.
The site accepts Litecoin as a payment method for both deposits and withdrawals, providing players with another excellent choice for their banking transactions. If you’re interested in learning more about using Litecoin for deposits and withdrawals at 20Bet, continue reading below. We provide a full guide on how you can do just that with ease, from start to finish, with all accompanying details.
How to Buy Litecoin?
Before you can use Litecoin to deposit into your 20Bet account, you’ll need to actually purchase Litecoin. This is obviously different than using your bank account or a credit/debit card, which you can conduct transactions directly from without having to make an actual purchase.
With all cryptocurrencies, you must either purchase them or have them in your possession. Luckily, doing so is quite simple nowadays, and there are many different ways you can go about it. Below, we’ve provided an easy way that you can buy Litecoin to use at the excellent operator 20Bet. Just follow these steps …
1.) You must start by opening a cryptocurrency exchange wallet. This is the place where you’ll be able to purchase any crypto asset, including Litecoin. There are many options for this today, but make sure you choose an exchange that offers great trustworthiness, safety and security. Three of the most common exchanges are Kraken, Bitfinex and Coinbase.
2.) Follow all the steps to create your crypto exchange account. Also, check to see if the crypto exchange has a wallet built into it. If there isn’t one, you must open a crypto wallet at another site so that you can store your Litecoin.
3.) Once it’s set up, you have to connect a traditional payment method to it. This will allow you to actually purchase Litecoin. Each exchange may have a slightly different process, but they should all be relatively similar in what you need to provide. In most cases, you have to give them your basic personal information, and you might need to upload a copy of your photo ID, too. After you’ve done that, just follow the instructions to add a bank account, credit/debit card or other payment method.
4.) Once the payment method is attached to your crypto exchange, you can place your order for Litecoin. You’ll have a few different options here, but most are pretty straightforward and easy to understand, too.
5.) After your order has been placed, you’ll need to store the Litecoin you bought. Some people will use an exchange wallet, but many people look to store their crypto in outside personal wallets. Just make sure that you select one that you can trust and that is very safe and secure. This will allow you to have full control over the Litecoin you purchase, while ensuring that it’s protected.
How to Deposit Litecoin to 20Bet? – Step by Step Process
Once you’ve purchased Litecoin, you’ll be able to use it to deposit funds into 20Bet. The process for doing so is very similar to using other payment methods that 20Bet makes available for players at their site. The entire process takes just a few minutes to finish. Follow these steps to deposit Litecoin to 20Bet …
1.) Go to the 20Bet site, either through a web browser on a mobile device or laptop/desktop computer, or through their mobile apps. Once you’re there, then you’ll need to log into the account that you have set up. Use the login credentials you set when you originally signed up for the 20Bet account.
2.) Now that you’re logged into your account, click the button that says “Deposit.” It will be near the top of the page and will be highlighted in orange.
3.) At the new page you go to, you will see the complete list of deposit methods that 20Bet offers to players. Click on the deposit method that you want to use. So, for our purposes here, we’ll click on cryptocurrency.
4.) The new screen will have a drop-down menu that lists all the cryptocurrency types 20Bet accepts. You just need to select Litecoin here. Enter the amount that you want to deposit into your 20Bet account.
5.) Check over all the information you’ve entered here to make sure it’s right. Then click “Deposit.” After you do that, a window will appear on your screen that will have more information that you’ll need for your crypto wallet.
6.) Go to your crypto wallet and send how much money you entered into 20Bet. That pop-up window will provide you the address that you need to send the Litecoin to. Some crypto wallets will allow you to scan a QR code, so you could always do that instead of typing in the address. Now, you have completed all the steps necessary to deposit to 20Bet using Litecoin.
Withdraw Litecoin from 20Bet
Withdrawing funds from 20Bet using Litecoin is as simple as depositing money into the site. In fact, most of the steps are very similar. So, once you’ve deposited using Litecoin, it’ll be easy for you to understand how to withdraw. Follow these steps to complete the process …
1.) Go to the 20Bet site, again either through a web browser on a computer or mobile device, or through the mobile apps the site has developed. You’ll again need to log into your 20Bet account, if you’re not logged in already, using the credentials you set to begin with.
2.) This time, you’ll want to click on the “My Account” button. It’ll be at the top of the page, to the right of the Deposit button.
3.) This will take you to a new page. Here, click on the “Withdrawal button.” You’ll again be taken to another new page that will list all of the cashout options that 20Bet makes available for players.
4.) Select the method of withdrawal that you want to use. For our purposes here, it’ll be cryptocurrency.
5.) Now, you’ll have another window appear for you. Enter the amount of money that you want to take out of your 20Bet account using Litecoin. Then, enter in the address for your crypto wallet. You may not know this without checking, but you can pull it from your crypto wallet. The information will be there.
6.) Confirm again that you have entered all of this information correctly, as it’ll be the last chance you have to make any changes. After you’re comfortable with all of this information, click the button that says “Withdrawal.” It should be green.
All of the steps that you need to take to initiate your withdrawal request via Litecoin will be completed at this point. 20Bet will take over and start to process the transaction now.
20Bet Litecoin Deposit Limits – All You Have to Know
Just about every gambling site on the market will set limits for how much a player has to deposit and how much they’re allowed to deposit in one transaction. These limits, which are put in place to provide safety and security to both the players and the site, are usually for a 24-hour period. 20Bet has these limits in place for all of their payment methods, but they’re very reasonable.
The minimum deposit amount at 20Bet using Litecoin is only 10IRP. This is great, because it means that players don’t have to deposit a lot of money into their 20Bet account before they can start betting. This allows them to try out some new games, for instance, without investing too much money all at once. Then, they can put more money in later if they want to.
A great part about using Litecoin at 20Bet is that there is no maximum deposit amount. This is especially great for high-roller gamblers, who typically have to either break up their deposits into multiple transactions over a period of time, or try to get a gambling site to increase their limits.
These deposit limits aren’t restrictive at all for players, which is why so many people love to use Litecoin at 20Bet.
All Litecoin deposits will process instantly. This means that the money will be available in your 20Bet account to use right away. It may take a few hours to reflect in your crypto wallet, but that won’t be long either.
20Bet Litecoin Withdrawal Limits – All You Have to Know
At the same time, 20Bet sets withdrawal limits for people who use Litecoin at their site. This again is done to provide protections to players and the site, and to reduce the cost of processing transactions for 20Bet. Luckily, these limits are in the players’ favor as well.
The minimum withdrawal amount for Litecoin at 20Bet is again only 10IRP. Players don’t have to build up a huge bankroll at 20Bet before they’re able to take their money out and use it how they wish. It gives players a lot of flexibility and control over their money, which is what anyone would love.
At the same time, there is no maximum withdrawal amount using Litecoin, either. This means that if you build up a huge bankroll, or hit a big bet, you don’t have to split up your withdrawals into multiple transactions. You can just get all of your money out at once, which simplifies the process and puts a lot of power in your hands.
All withdrawal requests using Litecoin take only about 10 to 20 minutes to process. It should be in your crypto wallet soon after that. This is another huge positive to using Litecoin at 20Bet.
Are There Any Fees?
Most gambling sites will charge fees for cashier transactions at their site. They do this to make extra money and to limit how many transactions players make in and out of their gambling accounts — especially withdrawals.
Luckily, 20Bet doesn’t charge any of these fees — for any transaction, ever. No matter what payment method you’re using, you’ll never incur any fee for making a deposit into or a withdrawal out of your 20Bet account. This is one of the main reasons why this site is preferred by so many people.
20Bet Litecoin Advantages
There are many advantages to using Litecoin at 20Bet. One of the top ones is that it provides an extra level of security, safety and anonymity. This is a huge reason why people using cryptocurrency in the first place, and it’s a natural fit for online gambling transactions.
Transactions are processed extremely quickly using Litecoin, too. There isn’t the long waiting period that many other payment methods require. This means you’ll get your money back into your crypto wallet the same day once you take it out of 20Bet.
Litecoin is very easy to use, too, and there isn’t the chance that your financial institution may block the transaction, which is a possibility if you try to use your bank account or credit/debit card for online gambling.
20Bet Litecoin Disadvantages
A disadvantage to using Litecoin is that 20Bet will disable all promotions and bonuses. You won’t be able to qualify for the welcome bonus or any other promotions that 20Bet offers players if you use Litecoin or another cryptocurrency as your payment method. This is a downside, of course, as that’s a decent amount of money you’ll be leaving on the table.
Using Litecoin also requires the additional steps of having to set up an account at a crypto exchange, opening a crypto wallet and purchasing Litecoin before you can make a deposit or withdrawal.
20Bet is one of the top online gambling sites on the market, and Litecoin is one of the most popular ways to conduct transactions there. We have provided the reasons for this above, as well as a step-by-step guide ot how you can get this all done.Last Updated on 25/01/2023 ago by Devak Mukherjee