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Monero Casinos

It should not surprise anyone that cryptocurrencies are the “it” topic amongst many people. Since the beginning of the hype surrounding crypto, early 2021, there have been many tokens that have seen their glory and their fall. However, there are those that are expected to stay around for quite a while, just like Solana, Cardano, Litecoin, etc. One of these unique cryptocurrencies is Monero (XMR).

XMR Introduction

XMR is a token that’s been getting a lot of attention lately, which directly translates into crypto casino players wanting to use the currency for betting. This encourages crypto casino owners to integrate XMR as a payment method. Not only that, but it encourages game developers to implement XMR as a betting option.

It is very interesting to see how the crypto casino industry is evolving lately, with all these new tokens getting engagement from people. This definitely began in 2021, but we are positive that the rate at which this corner of the sector is growing will keep going up. So before we understand why XMR is great crypto to play with, what exactly is Monero and how does it work?

Did you Know? Monero is from combination of 3 words in Esperanto, which was aimed to be world’s first de-centralised and universal language.

Monero price

Monero Today

price now

$135.32

24h Change

-1.41%

Best Monero Casino

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What is Bitcoin Cash?

Monero is an open-source, privacy-oriented cryptocurrency that’s been around since 2014. Its blockchain is intentionally programmed to be opaque, meaning all transaction details remain anonymous. This includes the identity of senders and recipients, the amount sent, etc.

At the time of writing (23rd of December, 2021) XMR is trading at $210, although it reached a peak value of $475.55 in May 2021. It is expected to keep growing due to the decentralization it offers and the many benefits owners of the token can reap.

If you are interested in more details, Monero gets privacy concerns out of the way by using ring signatures and stealth addresses. But what are those? Well, put simply, ring signatures enable senders to conceal identity from other participants in the transaction, allowing you to remain anonymous. And stealth addresses as they are randomly generated addresses for a single-use during a transaction. It completely hides the identity of the sender or recipient, thus – “stealth” address.

Monero

Monero Casinos Advantages

Due to its privacy-oriented nature XMR introduces a new level of security when it comes to personal information and tracking. This ensures you will be remaining completely private during all transactions in and out of your wallet. Of course, this translates into Monero casinos privacy, as most casinos usually do not require personal information before you can play. Furthermore, XMR is completely untraceable, so nobody can tamper or mess with your own business.

Monero is completely decentralized as it uses the peer-to-peer method. If you compare it to Bitcoin, which is also decentralized, it still performs way better due to its privacy-oriented nature. This means that the government cannot tamper with or manipulate the Monero network in any way when talking about transactions.

It should come as no surprise that XMR transactions happen way faster than the bigger cryptocurrencies. For example, Bitcoin can take up to 10 minutes to be delivered, Ethereum can take up to 7 minutes, while Monero takes only up to 2 minutes. This is a much better speed than the two giants, although there are some that are also way faster than Monero.

What is very interesting is the transaction fee of XMR. Let’s start off by giving an example. In order to accumulate $3 worth of fees, you will need to make 1000 XMR transactions. That’s right – one thousand. Currently, the transactions fee of XMR is $0.0003, which is so much lower than 95% of the bigger tokens out in the market.

Availability is also something that should be considered. Due to begin able to remain completely anonymous, and cryptocurrencies being available worldwide, you will be able to bypass any restrictions. These include restrictions and rules placed by your government and jurisdiction. Most crypto casinos accept players who use VPN software, so we strongly recommend using that to further mask your activity.

Pros & Cons

Happily, XMR's advantages heavily outnumber the disadvantages. Not only that, but the pros are more than even some of the best cryptocurrencies on the market. Of course, our main goal is to remain completely transparent in the delivery of information, thus we will make sure to include all possible disadvantages that a Monero Casinos can withhold.

PROS

  • Anonymity – The number one reason why Monero spiked up in popularity upon release was its privacy-oriented business model. Until this day it remains one of the most anonymous networks and tokens on the market, further attracting more owners.
  • Speedy Transactions – All transactions happen within 2 minute time period maximum. This is because the block time of Monero is 2 minutes. This is way faster than Bitcoin and Ethereum, which have 10 and 7 minute block time respectively.
  • Low Fees – You will not feel any accumulating weight on the pocket when making XMR transactions. This is because they are currently priced at $0.0003, which means even if you were to make 1000 transactions, that would be worth $3.
  • Decentralization – Monero is a completely decentralized network that offers anonymity, allowing you to keep your personal information away from everyone. This is made possible due to stealth addresses and ring signatures, which we mentioned above.
  • Global Availability – Similar to all other cryptocurrencies XMR is also available globally, allowing everyone to enjoy the fun of crypto casino gambling. This means all restrictions and rules can be bypassed and you can further mask your activity with the use of VPN software.
  • Expanded Betting Limits – Fiat currencies have rules placed upon them and on game developers, restricting them from expanding to certain limits. This does not apply to cryptocurrencies as they are mainly decentralized and no jurisdiction can have a say in this case. This will allow both low and high-risk players to play the way they want.
  • Exclusive Crypto Games Features – There are many games that have exclusive features for players who decide they want to use crypto, such as multipliers, unique modes, etc.
  • Crypto-Specific Promotions – Most Monero casinos have crypto-exclusive offers such as higher bonuses upon deposit, unique welcome packages, and many others.

CONS

  • Volatility – Just like all other cryptocurrencies XMR is also a highly volatile token. This can directly translate to bigger losses upon withdrawal, although it can also translate into even more valuable withdrawals.
  • Variety – It is not a secret that there aren’t that many crypto casinos on the market that accept Monero as a payment method. However, this will definitely change in 2022, as crypto casino owners want to attract as many players as possible.
  • Regulation – A Curacao license is the only type of license a crypto casino can get its hands on. Of course, it is a well-known fact that Curacao does not have the best reputation out there. However, it is simply not possible to get another license due to the fact that MGA and UKGC do not wish to affiliate with crypto casinos as of yet.

Where to buy crypto from

Where to Monero From?

If you are interested in purchasing XRP, you will be glad to know that there are quite a few online crypto exchange platforms that will allow you to do so. Some of those platforms are Binance, Kraken, Coinbase, Nexo, Bybit, etc.

Of course, you will also need a crypto wallet, which some of these platforms have integrated such as Binance, Kraken, and Coinbase, although you can also use an outside crypto wallet such as Metamask. Once you purchase XMR it will be added to your crypto wallet.

New Monero Casinos

New casinos accepting Monero deposits

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How to deposit at a Monero casino

Choose a XMR casino

Choose your Monero casino and create your account.

Make your first XMR deposit

Find the “Deposit” button, which should be located in the top section of the casino’s website.

Select "BCH"

Select Bitcoin Cash as the crypto you wish to use.

Transfer the XMR amount you want

Select a cryptocurrency you’d like to make a deposit in. Send an amount to the provided address and wait for it to be added to your casino account’s balance.

Conclusion

After going through all of that information, it should not be surprising why the demand for Monero casinos is on the rise. The privacy ensured by the blockchain and the business model of Monero has no equal at the moment. This is probably the greatest attraction of the token itself. However, there are many other benefits.

We definitely suggest giving Monero casinos a try, since the cryptocurrency itself offers a lot of advantages, that others cannot. Although it is not a bad idea to keep in mind that there aren’t that many casinos that accept XRP at this point in time.

Take a look at our FAQ section below for some condensed information.

FAQ

Monero FAQs

Monero casinos can have only a Curacao license or have no license at all. Of course, it is a good idea to avoid casinos with no license. However, Curacao also does not have the best reputation, but owners have no other choice, due to the fact that MGA and UKGC still have no affiliations with any crypto casinos.

Yes, Monero casinos can be accessed worldwide just like most other cryptocurrencies. However, there are some countries that restrict their citizens from using crypto. Happily, there is a workaround for that, and that is VPN software, which will further ensure you remain anonymous.

Monero casinos have all the traditional games that regular online casinos have to offer. These include, but are not limited to, table games, live casinos games, slots, sportsbooks, and some unique crypto-only games.

No, Bitcoin Cash casinos are the name of casinos that, alongside all other cryptocurrencies they also accept Bitcoin Cash. This means that you will also be finding many other crypto options you can choose from if you have more than one cryptocurrency stacked in your crypto wallet.

Victor Stuard

the author

Victor Stuard

Victor Stuard

Crypto Specialist

the author

My name is Victor Stuard and I am passionate about crypto-currency, blockchain, fair gambling and new technologies. I have been in the crypto mining for the last 7 years and since the first Bitcoin casino was launched. I am here to help you finding the best crypto casinos and compare their pros & cons.