|Information about Monero|
|Founders:||Riccardo Spagni, Nicolas von Saberhagen|
|Market capitalization:||~ 2 billion|
|Available:||In over 100 countries|
|Best Monero Casino:||BC.Game Casino|
|Best Monero Bonus:||100,000 USD (Fairspin)|
Similar to Dashcoin and Stellar Lumens, the Monero token, or XMR for short, is a fork of another coin, in this case Bytecoin. While many cryptocurrencies are seen as Bitcoin offshoots, Monero is going its very own way. Especially with regard to data protection, the token has many advantages compared to the well-known altcoins. In addition, Monero is considered a most anonymous of all digital currencies is traded.
The XMR token was developed on the Monero blockchain back in 2014 and is backed by six others, including the main founder Riccardo Spagni. The coin first became known in 2016 after XMR became the AlphaBay payment service provider – a darknet marketplace that attracted the attention of numerous crypto observers. In the meantime, Monero has turned onto a much more serious track and is used for various payments on the regular World Wide Web.
Good for players: In the meantime, the Monero token is is available on many exchanges. This provides the ideal basis for crypto casinos to increase the acceptance of XMR payments in the long term. To date, there are significantly fewer Monero than Bitcoin casinos, but due to the arbitrary scalability and numerous other advantages, which we will discuss further in the article, this could well change in the medium term.
Table of Contents
- The best Monero casinos
- What is Monero?
- What potential does Monero have in crypto casinos?
- How to buy Monero
- Advantages & disadvantages of Monero casinos
- Special features of the Monero XMR Coin
- Serious and safe playing with Monero
- These games are available in the Monero Casino/a>.
- Tips & tricks for paying with Monero
- These Monero XMR alternatives are available
- Monero Casino FAQ
- Conclusion about Monero Casinos
Best Monero Casinos 2023
At times, some companies have been reviewed by our expert editorial team, which not only offer high security standards, but which at the same time bring a very high level of acceptance towards a wide range of cryptocurrencies – and so also towards Monero XRM. Deposits are possible there after successful registration possible. Bonus offers are granted upon payment with the XRM token, so the still little-used coin does not exclude the use of a starting balance.
What is Monero?
Monero, although not too widely used in the iGaming industry, is one of the top 20 cryptocurrencies – in terms of market capitalization. The potential of the decentralized currency can be seen in particular by the immense price increase, which the XMR token has experienced since 2015. Starting with just a few cents, the value was as high as $450 in 2017. In May 2021, there was a similar high.
Similar to bitcoin, Monero is also based on blockchain, although the developers for the XMR token created a completely new protocol which focuses on checking and adjusting individual blocks. The creation of new blocks takes around two minutes. Monero also differs from Bitcoin, Ethereum and Litecoin in terms of the computing power required for development. What is offered is a Very high energy efficiency.
Casino customers can clearly benefit from the anonymity that many alternative cryptocurrencies lack. Currently, there are still very few crypto casinos that allow XMR transactions.
Monero Video (English)
What potential does Monero have in crypto casinos?
A key advantage over other cryptocurrencies is that Monero has not set a cap on the development of new XMR tokens. Inflation cannot be ruled out in the long term due to the high availability, although higher demand may well lead to a price gain. Ultimately, Monero, is similarly inflationary to fiat currencies and thus unlikely to be a coin that will approach the value of Bitcoin – precisely because there is no development limit is supposed to exist. Most importantly, players at Monero Casino benefit from the fact that they can theoretically buy unlimited new game credits on common wallets.
Monero is especially interesting for investors who want to take advantage of the XMR's performance. CFD brokers offer exactly this possibility. Here, however, the cryptocurrency is not traded as such, but rather with the associated securities.
Those who use Monero CFD levers at the right moment can make solid profits in the long run – ones that are, in turn, wonderfully suitable for making a deposit into XMR Casino to venture. But: whenever it comes to trading, the risks should of course not be underestimated despite all the positive prospects.
With good reason Monero is often called a security coin, because it not only offers a completely rewritten blockchain protocol, but it is at the same time and thus of growing interest especially for players in the crypto casino. Anonymous because Monero works with ring signatures. This obscures the data of the recipient and the sender, which in turn makes it almost which in turn makes it almost impossible to trace transactions. transactions.
Buying Monero – this is how it works
In fact, this time it is not as easy to buy XMR tokens as it is known from other cryptocurrencies. At least currently, the coin is not offered on many trading exchanges like Bitpanda. A direct purchase via the third-party providers provided by crypto casinos, including first and foremost Moonpay, unfortunately does not work at the moment either.
The following exchanges however, allow you to exchange euros and other real-money currencies for Monero in a few simple steps:
Some crypto casinos partner with standalone service providers in the industry – including Moonpay, Localbitcoins, and Cryptocurrency, which usually make it easy for players to exchange digital currencies without a lengthy signup process to buy. However, this option does not exist for Monero, because the XRM token is a special one whose security criteria differ significantly from those of more prominent coins.
Due to the high degree of anonymity, the creation of a separate own wallet is absolutely necessary.. The registration as such can be easily completed:
- Click on the registration button
- Provide correct personal data
- Submit documents if necessary
- Deposit real money and exchange it to XMR
Basically, the XMR Coin can be can be purchased without any restrictions on the exchanges mentioned, because: Unlike Bitcoin & Co, there is no upper limit for the development of the Monero token. The currency, which was published in 2014 on the basis of the Crypto Note whitepaper, already has a decisive advantage over better-known coins.
An alternative to buying is Monero mining. One has the possibility with low server power, XMR token mining. However, this is only useful for casino customers in the long run. On the other hand, if you want a quick entry into the crypto casino, you have to go the direct purchase route.
Deposit with Monero XMR in the casino
Once the purchase has been made, some crypto casinos offer the option of selecting Monero tokens as a means of payment. The following steps must be carried out for this:
- Select provider
- Set up customer account
- Select XMR payment method
- Set amount
- Scan wallet address or enter it manually
- Wait for credit
Depending on the company, the decision can be made in parallel for or against the welcome bonus can be made. As a rule, an XMR amount is also credited within minutes.
Advantages & disadvantages of Monero casinos
- What are the advantages of Monero as a casino payment method?
- What are the disadvantages with Monero casinos?
1.) What are the advantages of Monero as a casino payment method?
A clear plus point is that basically anyone is able to do this with the appropriate technical requirements. to mine Monero tokens and thus generate credit for the crypto casino in the medium term without necessarily having to buy it.
This advantage may be thought of over a longer period of time, but should also be kept in mind as an aspect for those who want to play directly.
In addition, Monero is one of the few cryptocurrencies with a flexible block size and is thus adaptable to the rapid changes in the crypto market. Moreover, there are no limits for XMR Coins, as theoretically the tokens can be generated indefinitely.
Monero Coin advantages at a glance:
- Greatest possible anonymity thanks to encrypted addresses
- Secure algorithm
- Low network transaction fees
- Units divisible up to 12 decimal places
- Constant adjustment of block size
- Account balance cannot be viewed
- Bonus is also granted for Monero payers at some providers
2.) What are the disadvantages with Monero casinos?
Basically, Monero is considered a so-called "privacy currency" ahead of other cryptos. Thus, the hope is justified that the XMR token will also gain importance in the gaming industry in the future. To date, unfortunately, our editorial team is only aware of a few companies that enable Monero payments. Also, the purchase of the token is not supported by all popular exchanges.
The disadvantages in a nutshell:
- Not available in all crypto casinos
- Not all crypto exchanges support Monero
- Currently no purchase of XMR via Moonpay possible
Although the coin is not yet very widespread – in terms of the gambling industry – the advantages of Monero definitely outweigh the disadvantages. Although people always like to talk about a high level of anonymity with well-known tokens like BTC, transactions with Bitcoins and other cryptocurrencies leave their traces on the web. This is exactly where Monero differs from its counterparts.
Ring signatures make the history of XMR payments secure and ensure that bookings cannot be traced at any time. This has advantages especially in the gambling industry, because the Monero token is entirely closed from the financial market and can thus be kept anonymous.
Special features of the Monero XMR Coin
Usually, cryptos are limited to a certain number. With Monero, however, it is different, because the developers – as already indicated – have have not set an upper limit. According to estimates, as early as during the course of 2022 there could be approx. 18.4 million Monero XMR tokens in circulation. in circulation. This would correspond to one million tokens, if the forecast is correct.
Divisibility is another "specialty" of the XMR token. This makes it possible to deposit – and ultimately trade – small amounts on the market.
In addition, special:
- Constant adjustment of block size and mining difficulty.
- Divisible up to 12 decimal places
- Wallets available for all operating systems
- Transaction history of XMR not traceable
- Mining over CPU and graphics card performance possible
For block creation the developers rely on the proof-of-work conceptin short POW. With this it is possible new XMR blocks every two minutes. every two minutes. However, their median must not exceed that of the previous 100 blocks, as this could possibly result in an XMR loss. For this reason, the token was designed to be flexible and is thus more adaptable than bitcoin, for example.
Serious and safe gambling with Monero – this should be considered
For all those who play at crypto casinos, completely different questions probably arise. For example, it is good to know what the value of an XMR is. Since the value can look different every day, it helps to look at specialist sites to find out about the to inform yourself about the price development. This also applies to all those who not only deposit once with Monero in the casino, but who may want to hold and trade the XMR token in the long term.
The Monero itself is one of the safest cryptocurrencies on the market. The same demand should be placed on the crypto casino, on which the choice falls in the end. Currently, the options for finding Monero casinos are relatively limited.
The main thing that the providers we know have in common is that they have a Gambling license in Curacao have. With this, a high level of fairness and transparency is guaranteed.
What are the payment limits at Monero Casino?
The lower limit per transaction can be depending on the provider vary a bit. However, the example of Fairspin.io quickly shows that Monero Casino does not demand much from its customers. If you can spare the equivalent of just over two euros, you will already be able to make a deposit.
Like all cryptocurrencies, Monero can also be deposited without an upper limit. without an upper limit in the preferred crypto casino. The providers we know of have not set any limits here – neither for the deposit nor for the withdrawal of winnings. In this respect, the digital currency does not differ from Bitcoin, Ethereum and other alternatives.
These games are available at Monero Casino
There are basically no differences in the game selection, no matter which payment method or digital coin is preferred for deposits and withdrawals. Consequently, there are no disadvantages for customers who carry out their transactions with XMR tokens. Even the "demonstrably fair" games on blockchain basis have long been playable not only with BTC, but with any other cryptocurrency.
Gaming options after XMR deposit (in XRM, Euro or USD):
Even with this token, players do not have to worry about any particular restrictions in the portfolio. So, customers are free to search for personal favorites to their heart's content.
Tips & tricks for paying with Monero
The few XMR casinos available not only have a huge range of payment methods that are allowed in addition to the Monero token. Also there are numerous games of the best quality for which the deposit of a few coins can already be worthwhile.
Since the service partners provided by crypto casinos do not currently allow the purchase of XMR tokens, it is recommended to buy Monero early via the alternative exchanges – be it Binance or Coinbase, to name just two of the best known. Since Bitpanda, in turn, does not offer Monero transactions, those who have been relying on this exchange should at best start looking for alternatives now and just start looking at the various other wallet options deal with.
XMR Casino – useful tips:
- Select a suitable provider
- If desired, make XMR payment
- Claim bonus
- Attention: Not all exchanges have Monero on offer
There is not much to consider when depositing and withdrawing at Monero Casino. Although the currency may differ from Bitcoin and Ethereum in many respects, there are no major differences in the type of transaction. no major peculiarities. Due to the high anonymity of the XMR payment. it naturally lends itself to continuing to observe the market, because: It is possible that sooner or later more companies will come along where payments in Monero tokens will be allowed.
These Monero XMR alternatives are available
Currently, the list of crypto casinos that accept XMR payments is quite manageable. The token's potential should not be underestimated, but at least those who fancy high bonuses and crypto gaming with demonstrably fair technology will find with alternative currencies alternative currencies and can choose quasi freely between numerous providers. Common Monero alternatives that are experiencing particularly high adoption in the industry are:
Before thinking about cryptocurrency, it makes sense to compare the compare the providers as such and choose a casino that meets your personal requirements in terms of game in terms of game selection, bonuses, security as well as service.. If everything is coherent, the choice of payment method can be made afterwards – whether in Monero casinos or in companies that only provide some of the mentioned alternatives.
Monero Casino FAQ
Precisely because Monero XMR is not yet too widespread in the iGaming industry, questions can certainly arise in connection with the cryptocurrency. At this point, our experts will try to answer everything that can be of crucial importance in connection with XMR.
- What are the fees for XMR payments?
- Is there an XMR bonus?
- Is it possible to pay with Monero anonymously?
- Are XMR casinos really reputable?
- How does Monero coin mining work?
1.) What are the fees associated with XMR payments?
Network transaction fees are typical for cryptocurrencies. However, these do not carry too much weight with the Monero token. It makes sense to comparison of several exchanges. For example, there are significant differences in the fee between the two crypto exchanges Binance and Kraken, which can be particularly significant in the long term. Kraken is a US crypto exchangewhich also acts as a bank for the purchase and sale of digital currencies. In terms of functionality, it comes closest to the exchange Coinbase, which is better known in Australia.
In reputable Monero casinos, there should usually be no no further costs and fees should not be charged to players. It does not matter whether the payment is made with Monero or any other cryptocurrency. Another plus point is that limits are limits are usually completely omitted. Thus, the XMR payment option is beginners and high rollers equally available.
2.) Is there an XMR bonus?
The Monero casinos known to us provide new customers with at least a welcome bonus, and in some cases even whole bonus packages at their disposal. The deposit of a certain XMR sum is required, equivalent to the real money amounts. The bonus is not only aimed at new customers who deposit in euros, US dollars or bitcoins, but is simply converted according to the preferred currency – in our case Monero.
As with all cryptos, a targeted bonus comparison is also worthwhile here. However, not only the sum should be in the foreground, but it is just as important to deal to deal with the Monero bonus terms and conditions, in order to find the best offer for yourself.
3.) Is it possible to pay anonymously with Monero?
In fact, Monero XMR developers take a different approach than, for example, the inventors of bitcoin. The fact that transactions with the token work more anonymously is due in particular to the ring signatures used in the protocol ring signatures. These make it impossible for outsiders to trace the recipient or sender of a payment. At the same time the Monero uses camouflage addresses for all bookingswhich ensures a very high degree of anonymity.
These cloaking addresses ultimately ensure that account balances on the Monero blockchain cannot be traced by third parties at any time. So only the XMR buyer and wallet account holder himself knows how much credit is available.
4.) Are XMR casinos really reputable?
The advantage to Monero is that this blockchain network has focused on the privacy of its investors more than many others. Playing at Monero casinos can be be described as very safe.
In general, you should only choose a crypto casino that is officially licensed officially licensed – for example by the gambling authorities in Curacao. This ensures that deposits and withdrawals function reliably and that, above all, the odds and payout rates are fair. are fair.
5.) How does Monero Coin Mining work?
The good news up front is that Monero mining doesn't just work as big investors or companies running entire server farms. Digging the digital currency requires a strong processor additionally a preferably high-quality graphics card should be installed in the PC used. If these requirements are met, a Monero wallet can be created. All collected tokens will later flow into this wallet.
It can be added at any time to a mining pool can be joined at any time. In addition, it needs a program to collect the tokenssuch as GPU-Miner or alternatively the Monero Spelunker. Mining in itself is an interesting thing for long-term crypto investors. On the other hand, for those who want to play with Monero in the crypto casino as quickly as possible, it is probably easier to buy the tokens on the aforementioned exchanges.
Conclusion about Monero Casinos
In contrast to Bitcoin, Litecoin or Ethereum, Monero is clearly still considered an exotic among the tokens. Only a few providers accept the XMR Coin for topping up the customer's account.
Two reputable places to start with are Fairspin and Fortunejack. One advantage: Monero payers can claim the welcome bonus at the mentioned brands. welcome bonus at the mentioned brands.
Especially due to the high anonymity in payment transactions as well as the solid market capitalization our experts assume that other companies in the industry will follow suit and include the coin in their portfolios.
Author: Peter McCollinRated: MoneroAuthor Rating: