A Litecoin wallet works much like a Bitcoin wallet, but the addresses look different. A Litecoin wallet address commonly starts with L, M or ltc1, and most wallets refuse a Bitcoin address in that field, though care is still needed. When Litecoin is withdrawn from an exchange or casino, the right choice is the native Litecoin network rather than a copy of the coin issued on another chain. Sending from a personal wallet means pasting the address, reading the fee and confirming the amount, because a confirmed transaction cannot be reversed.
Litecoin is one of the oldest coins, built on the Bitcoin design with changes that produce blocks about four times as often. On the question of Litecoin vs Bitcoin, Litecoin tends to confirm sooner and to charge lower fees, which is why some casinos accept it for deposits and withdrawals. It runs no smart contracts the way Ethereum does; its job is mainly payments. Its price swings like any unstable coin, so it suits moving value more than keeping it steady. A cashier usually states how many confirmations it waits for.