Monero casinos are now a reality. There are several platforms that are offering users the possibility to play games using the XMR virtual currency. Users are searching for a unique online casino experience and this is something that gambling sites can offer with Monero.
Cryptocurrency casinos are allowing users to use their XMR digital assets, which are secure, cheap to use, and private. Privacy became a very important topic in recent months and Monero is making gambling a much more private thing.
XMR became one of the largest cryptocurrencies in the world in recent years. It is also one of the oldest in the world and it has offered solutions to hundreds of thousands of users around the world. If you care about privacy and data protection while playing casino games, then, using XMR and understanding how it works would be very useful to you.
In the next sections, we will go through all the details about Monero casinos and how to improve your XMR gambling experience. Understanding the way in which we can leverage the XMR virtual currency is very important at the time of playing casino games online.
💡 How does Monero work?
Monero (XMR) is one of the most popular cryptos in the world. It is known as a privacy cryptocurrency that is offering better privacy solutions to users. As we know, Bitcoin (BTC) is a virtual currency that has public transactions and where all the information can be seen online.
Indeed, Bitcoin’s blockchain is available for everyone, including governments and crypto analytics firms. Due to this reason, everyone can see and analyze the transfers that are processed, check wallet amounts, and more.
With that in mind, we need to know that Monero is different. It works in a similar way as Bitcoin. Users can send and receive XMR coins with wallets and from exchanges, but the information would not be available for everyone.
Thus, XMR becomes a more private virtual currency. Users can easily protect their data, the funds they transact, and the transfers they make without having to be worried about curious entities or parties.
Using Monero regularly to play casino games would be a very good decision to secure your data and privacy. Your information (funds transacted, wallet holdings, and addresses) would be protected at all times while using XMR. In this way, the whole activity becomes safer and more secure to users that prefer to use Monero for gambling.
👉 How to buy Monero?
Now that you know why Monero is so important and why we could use it to play online casinos, we should also know how to buy it. The process is quite simple and you should not have any issues handling XMR.
If you are a cryptocurrency investor or user, then you may already know how to purchase digital assets. XMR works in the same way and it could be acquired in that same way. Basically, you should open an account at a cryptocurrency exchange. Exchanges are platforms that make it possible for users to buy and sell virtual currencies.
Some of these platforms are used by traders to profit from volatile markets, but other investors use this platform just to get access to specific virtual currencies. Usually, cryptocurrency exchanges accept different payment methods for users. This would make it possible for you to buy Monero and play games at different crypto casinos.
Additionally, some cryptocurrency wallets are already allowing users to buy XMR without directly engaging with a crypto exchange. This is also a great way to buy Monero and start playing different online casino games. Indeed, it might be even better, as you will not have to pay the withdrawal fee that some exchanges have.
🛡️ How to properly store Monero?
Buying Monero is not enough to use it and properly protecting it. If you are a long-term investor, then you should think about holding your XMR funds in a cryptocurrency wallet. This would also make it easier for you to engage with different casino platforms online.
When you leave your coins in a cryptocurrency exchange, you are exposed to all the issues that the exchange could face. That means that your funds could be stolen if the exchange is hacked. Although large exchanges have insurance policies, some of the smaller exchanges around the world might not be as secure as the largest platforms.
You should withdraw the funds to a cryptocurrency wallet to which you hold your private keys. These private keys show that you have control over your funds. This is why you want to make sure that you hold them in a secure way.
Using a hardware wallet would not be necessary unless you have large amounts of Monero that you want to secure. Hardware wallets are usually more secure than software wallets (such as smartphone or desktop apps) because the private keys are stored offline (meaning that nobody on the internet can steal them from you).
If you are going to use Monero to play at different online casinos, the best thing you should do is using a software wallet and purchasing your XMR coins there.
↔️ How do Monero deposits and withdrawals work?
If you already have selected the cryptocurrency casino you want to play, then it is time to make your first XMR deposit. This is a requirement if you want to gamble online. You want to make sure that you understand the whole process. If you are already a crypto user, then you might be used to send and receive virtual currencies, but if you are relatively new to the market, you should pay close attention to some things.
First of all, when depositing Monero into the gambling platform, you will be given a wallet address for XMR deposits. This wallet address is only compatible with Monero, no other virtual currency. This is why you should make sure to send XMR to this address.
Second, you want to send the funds to the correct address. When you send funds, your wallet would request you an address to send the Monero coins to. This is where you will paste the address given by the gambling platform. You should be very careful copying and pasting the information as any small mistake could end up losing you the XMR.
Monero transactions should take just a few minutes to be confirmed by the network and they have very low fees. That means that you should expect a similar amount of XMR coins in your casino wallet (XMR sent – network fees).
Finally, if you want to withdraw the funds from the platform, you have to follow the same path. You will have to send the funds from the casino to your wallet XMR address. This process is also going to take some minutes.
🎲 What games can you play with Monero?
There are many different games that you can play at crypto-friendly casinos. Although there is no list of XMR crypto games, there are many categories you would be able to enjoy, including live games, slots, and table games, among others. Take into consideration that most of the casinos with standard licensing have similar game options and software providers.
As you see, most of the categories are covered. Despite that, you should take into consideration that the number of Monero-friendly casinos available is not the largest right now. That means that you might have some difficulties in finding some crypto casino games that you’d like to play.
If you want to play very specific games, you should search for those gambling sites that have this game available and check which one of them would offer support to Monero. Another thing you can do is filtering for casino platforms that accept XMR deposits. Then, you could search for the platform that would offer the best games to play with Monero.
Indeed, there are other virtual currencies that are more widely available than XMR, this is why it might be somehow tedious to find some good gambling sites to bet with Monero.
🪙 What coins can be used for gambling besides XMR?
There are different cryptocurrencies in the market. Right now there are more than 10,000. But of course, not all of them are available to use for gambling. Many casinos are now accepting some of the largest virtual currencies, including but not only the following digital assets: Bitcoin, Litecoin, Ethereum, Dogecoin, ZCash, Tether, Tron.
Let’s start with Bitcoin. BTC is the largest cryptocurrency in the world and the most widely accepted in the gambling market. That means that investors and users that want to gamble online, should look at BTC positively. It is widely accepted and most crypto-friendly casino games support BTC.
However, BTC might not be the cheapest to send and receive. This is why other coins have become very popular as well. For example, when BTC transactions become expensive and slow, Ethereum could work as an option. ETH is now the second-largest virtual currency in the world and it has millions of users around the globe.
In the beginning, ETH was used as an alternative to BTC as it was faster and cheaper to use. However, nowadays it can be more expensive to use due to the congestion experienced by the network. Despite that, Ethereum is also widely accepted in casino platforms online.
There are other virtual currencies that we mentioned. Litecoin, for example, is fast and cheap to use. If you really care about transfer fees, then Liteocin could be the cheapest digital asset for gambling. It works in the same way as BTC and it is also possible to use it to send fast and cheap transactions. Considering LTC is one of the largest cryptocurrencies and also one of the oldest, it might be possible to find several cryptocurrency-friendly casino sites to use it.
Finally, we have stablecoins. These virtual currencies such as Tether (USDT) follow the price of a fiat currency. That means that they eliminate their volatility and they have all the benefits of a cryptocurrency. Hence, they are easy to use and also avoid having large volatility.
🔎 KYC in Monero casinos
When we talk about KYC, this is a standard procedure not only in Monero casinos but in general in crypto or non-crypto platforms. This is due to the current regulations that casinos with standard licenses should follow. However, KYC would not be something necessarily mandatory if you bet small amounts of XMR.
Despite that, most of the casinos nowadays have KYC procedures. The main difference would be how they decide to carry out this process. In some cases, as soon as you register they would request you additional information. In some other cases, they might request you additional KYC data as soon as you make a withdrawal.
There is no clear rule on how KYC procedures work nowadays. Nonetheless, you should know that they are standard procedures, no matter which currency you use to play. One of the things you can do is checking the Terms and Conditions of the casino you have selected.
This would give you valuable information on whether there are KYC procedures in place or not. Additionally, it could also give you information on whether these KYC controls are mandatory or how they implement them.
If you found a casino that is now requesting you to share all your personal data, address and even a bank statement, then you should avoid this platform if this is a requirement to play. These papers could be requested to large players or individuals that bet large amounts of money, not to a simple player that wants to have some fun during the weekend.
✔️ How to choose the best Monero casino to play?
There are different parameters that you have to check when choosing the best Monero casino. This would help you make a good decision and select only those platforms that would really help you get the best experience for your XMR coins.
Check their reputation
The first thing you should do is checking the casino reputation. There are many different ways to do so. This would be very important to let you know in which type of platform you are going to be sending XMR to and playing games.
In order to do so, you should check users’ and players’ opinions. In this way, you will get information about which are the main problems faced by the XMR crypto casino and which things could be improved. Additionally, you can understand if the casino properly helps users to solve their issues and if the platform really cares about offering good solutions to its players.
If you see that there are issues with withdrawals or payments, then you should raise a red flag. That means that the casino creates problems for users that want to withdraw their funds after playing. This is something you want to avoid if you see a pattern on that platform. Instead, if there were some issues in the past that later were not present anymore, then you could consider that a good Monero casino to use.
Country check and T&C
You should also check the terms and conditions of this platform. This would help you understand better the details behind the functioning of this platform. You should indeed read the terms and conditions to understand whether the gambling sites accept XMR or not and which are the deposit and withdrawal terms.
When analyzing the terms and conditions you should also pay close attention to the countries supported by the platform and the KYC checks they do. When checking the supported countries, you should know that there are some jurisdictions that would not be supported by the casino. Thus, make sure that the country where you are playing is accepted by the Monero gambling site. If you play from a forbidden location you could eventually be banned and lose your funds.
In terms of KYC checks, you should read which is the information that the platform could request from you. The better you understand that, the easier it would be for you to send the necessary papers to the company.
Finally, you should also check if the platform supports VPNs. Using a VPN in a casino that forbidden them could result in your funds being lost and your account being banned.
Games
There are different games that you can play using XMR. However, not all casinos would let you bet with this virtual currency. This is why you should analyze which are the platforms that offer you this possibility.
Furthermore, when having a look at the games you could play, you should make sure that the games you love are supported by the casino you selected. Some websites might not have the games you want.
You should also check which software providers are currently working with the casino. The larger the list of games providers, the easier it will be for you to play a wide range of games. Finally, you also want to make sure that the games you want to play support XMR. Even if the whole casino accepts Monero as a deposit method, not all the games support XMR playing.
Welcome offers
Welcome offers could be a very important thing to decide which Monero casino you select. If there are two similar platforms and you do not know which one to select, then this could make the difference. You should understand whether the casino offers a special welcome bonus to users that deposit XMR.
Additionally, you should search which are the on-site offers that they have in place for Monero gamblers. If you find that a casino has several XMR promotions for users, then this could be a good platform to use.
Nonetheless, a welcome bonus should be the main thing to take into consideration. Remember that you want an online casino game that would support XMR for playing different games, that would be available in your country and that has fewer KYC checks.
Loyalty programs
Users that are planning to become regular players of a casino platform should carefully analyze the many loyalty programs available. Some of these programs would be more attractive than others. This is why you should closely understand whether these loyalty programs apply to you or not.
You should definitely check if the loyalty programs are easy to reach. If the first loyalty level is not easy to reach, then the platform would be pushing you to play more and more, which could be something negative for your pocket.
Instead, if you see that the loyalty programs improve alongside your wagering, then this could be a good way to incentivize users to play and earn juicy rewards.
Withdrawal fees
We should also have a look at withdrawal fees. If we use a cryptocurrency such as Monero to play casino games, then we want to make sure that their benefits would work on this platform. XMR is a virtual currency that has low fees, so we definitely want to use that possibility.
This would help us pay lower fees when we deposit funds in a casino platform. Instead, if the casino has a withdrawal fee, then when we want to withdraw our funds, it could make XMR less efficient.
Searching for a crypto casino that lets you deposit funds and withdraw them without paying the fees would be ideal. Nonetheless, you should also make sure this while analyzing the reviews and reading the terms and conditions.
👍 Pros and cons of Monero gambling
Let’s finally have a list of pros and cons of using XMR as a digital asset to play at online casino platforms:
Pros
- It is more private to use
- Monero has lower fees
- Some casinos might offer XMR promotions
- Most of the exchanges support it
Cons
- There might be few games enabled to play with Monero
- Few users actually use it to play casino games