Planet 7 provides an out-of-this-world online gaming experience with innovation and convenience among our top priorities. You can now make deposits and withdrawals in the form of Litecoin, making banking transactions as quick, easy, and secure as ever!
Litecoin is one of the most popular cryptocurrencies on the market, and for a good reason. Firstly, Litecoin is significantly cheaper than other cryptocurrencies, such as BTC. You’ll find fewer online fees with making deposits and withdrawals with Litecoin, making it the best choice for online gaming. Secondly, transactions are completed much quicker than Bitcoin transactions. Once you try using Litecoin, you’ll see for yourself just how superior a cryptocurrency it is.
To get you started, we have put together this guide to help you understand the basics of Litecoin and how to use it to make deposits and withdrawals.
Follow this tutorial and you’ll soon be a crypto-gaming pro!
Once you have created a Coinbase account follow this tutorial and you will make smooth crypto transactions in no time!
Why use Litecoin?
Litecoin is like a lighter, more efficient version of Bitcoin. Its design offers 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.
- 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.
In the pop-up that follows, select “Buy”
and select Litecoin
Enter the amount of Litecoin (in USD) you would like to purchase.
Choose which method of payment you would like to use, and click “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”
as your deposit option and click “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 go to your Wallet. To start your transaction, click “Send”.
Click on asset
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.”
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”.
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.
