Often, when cryptocurrency is mentioned nine out of ten people will think Bitcoin or Ethereum. The cryptocurrency industry has walked a long way since its dawn in the early 2010s. There is a high chance you will be surprised to find out that there are over 13,000 cryptocurrencies at present. It’s nearly impossible to know them all. If you lack experience, it’s unlikely that you’ve heard about Monero (XMR). It’s one of the top 20 crypto coins right now.
One reason for Monero’s popularity is that it is a legal and affordable coin with great privacy characteristics. It started as a spin-off from Bitcoin, based on the CryptoNote protocol, which aimed to solve problems with the most popular crypto coin. Because of this basis, the creator of Monero is considered to be Nicholas van Saberhagen. Monero attracts the most developers – behind Bitcoin and Ethereum. These people work tirelessly to improve this blockchain currency.
In this review, we will familiarize you with how to use Monero to play online casino games. We will answer the most important questions, like ‘What do I need to do to start playing with Monero?’; ‘How to make a deposit and withdrawal with Monero?’; and ‘What games can I play with Monero’; among other information. This review is backed by experience and research. It aims to build upon existing Monero casino reviews. Read the full text to find out the details.
How to use Monero for gambling
The first step you need to do is to set up a wallet. A Monero wallet is a digital application that you can install on your web browser, desktop, mobile device, or external drive, where you can keep your Monero coins.
You have several options to choose from.
To get a desktop wallet:
Go to the website of your chosen provider and download their software onto your desktop. Consider using Exodus, Guarda, or Monero GUI wallet (from Monero’s website).
Select your OS.
Download the wallet.
To install, select create a wallet.
Record your recovery phrase.
Create a password.
If you’ve installed the Monero GUI, a download of the whole blockchain network will start. Some other wallets enable you to operate with Monero without downloading the blockchain network.
For a hardware wallet:
Purchase a hardware device like Ledger Nano X, Ledger Nano S, or Trezor.
For Trezor, connect the device to your desktop computer.
Enter the pin you see on the OLED screen to sync.
Write your 24-word recovery phrase.
You are set.
After you’ve downloaded and installed your wallet, you’ll have to add Monero coins to it. You can either mine it or purchase some from the exchange markets.
Games and Slots with Monero
Bear in mind that Monero-only casinos do not exist. You will have to play at multi-currency platforms that support this crypto coin.
Slots are abundant at Monero casinos. The popular 3-reel and 5-reel spinners are there. A few of the major software providers are well aware of the crypto coin and are supplying XRP sites with such slots, including jackpot slots. Names you’ve probably heard that are available are Dead or Alive, Mega Fortune, Cleopatra 2, and many more.
In the classic table games section, you will find a few variants of Monero casino blackjack and roulette. You can enjoy the major variants of roulette, like European, American, and French. There is even Immersive Roulette and Speed Roulette at some operators.
Poker and video poker are present in abundance too. Back your card-play with Mondero against other players in a live format or spin single-player games like Jacks or Better, Deuces Wild, and more.
Lastly, pretty much every licensed crypto casino with a top reputation has a decent live casino Monero section. There, you can play in the presence of real dealers. The games are well-designed, with good usability and a smooth interface.
The deposit limits for Monero are quite loose on most platforms, like exchange markets, wallets and casinos. The minimum amount for Monero deposits starts from 0.000 XMR, while maximum deposits are not limited. The minimum amount for withdrawals at most wallets is roughly $20 worth of XMR. Casinos may set their own minimum limits for withdrawals and deposits, so it is worthwhile to check with each operator.
You may experience some caps for withdrawals at gaming brands and exchange markets. The maximum varies at different platforms but is usually in the 15 XMR range. The maximum withdrawal cap can be increased by undergoing the identity verification process. Check with each casino to see their maximum withdrawal policy for Monero.
The Monero network will charge a tiny fee per transaction. This falls into the cents range and is about 0.00015 XMR ($0.003). This is very low compared to some other cryptocurrency options.
How to Make a Deposit Using Cardano
Depositing this coin into casino accounts is a piece of cake once you get familiar with how the wallet system works. A Monero wallet address is not something you could memorize. It’s devised of 95 symbols – numbers and letters. Both you and the casino should have such a wallet address. You can use them to transfer money from one wallet to another.
To make a deposit at a casino:
Log in and go to the payment section of the XMR casino online.
Then, click on deposit and select Monero.
You will see the wallet address of the casino. Copy it.
Go to your wallet software.
For Monero GUI, go to Send page.
Paste the 95-char number of the wallet address of the online casino XMR.
Input amount and select priority.
The transfer should take into effect within 10 minutes. If you are interested in a particular bonus, make sure to check whether Monero is in the supported payment methods.
How to Get Paid Using Monero
Make sure to verify your casino account and complete all Monero casino bonus wagering requirements before you attempt to make a withdrawal. This will save the casino time with processing the payment and will eliminate the possibility of the payment getting invalidated. Here’s how to withdraw your money from a casino:
First, open the wallet where you keep your XMR coins.
Click Receive.
Copy the online casino Monero wallet address.
Type in the casino Moreno website address and navigate your way to the payment section.
Choose Withdraw and select Monero.
Type in the amount.
Paste your 95-character wallet address in the right field.
Confirm the transfer.
You should be able to see your funds arrive in your wallet within minutes, but have in mind that withdrawals take more time than deposits, as the online Monero casino needs some time to process them. The small fee charged by the Monero network will be subtracted from the transaction.
Alternative Cryptocurrencies for Online Gambling
While true that XMR gives access to the full package of online gaming options, a question mark is raised over the limited number of gambling sites that support it. Some online casino players prefer to be nomads and like to go from casino to casino, playing different games and claiming bonuses. If you recognize yourself in this description, it might be worthwhile to consider using multiple cryptocurrencies. Great alternatives to Morena are Bitcoin, Ethereum, Cardano, Solana, Litecoin, Dogecoin, TRON, and Binance Coin, just to name a few.
Bonuses at Monero Casinos
Monero-supporting casinos boast great diversity of bonuses and promotions. One advantage of crypto casinos is that they offer higher-in-value welcome packages. This is valid for Monero casinos too. Here is a list of bonus types that you are likely to encounter at operators:
First Deposit Casino
Welcome bonuses are usually given in BTC, but your first – and up to fourth in some cases – deposit will unlock them. This is one of the best XMR casino bonuses, as it can be pretty high in value.
Reload Bonus
Some operators will reward you for Monero deposits made on certain days of the week.
Free Spins
Most XMR casinos are slots-heavy. As a result, they have more than one free spins online casino Monero.
No Deposit Bonus
Although Monero-only no deposit bonuses are very hard to find, your XMR deposits will give you access to such offers at some operators.
Cashback Bonus
At the best Monero casinos, you’ll find great cashbacks offers that give you a percentage of your spent money back in bonus credits.
Refer-a-Friend
This is a prize for bringing a friend or acquaintance to the platform.
Loyalty Programs
Registered users at a XMR casino will also receive a chance to play for prizes based on their performance on the website.
Crypto casinos are not too much different from fiat operators. Brands will often publish new XMR casino bonuses that can be triggered with bonus codes. If you are diligent in following the latest developments, you’ll keep updated on the latest Monero casino offers, which will increase your chances of stumbling upon the best bonus code for Monero casino.
To be eligible for the newest Monero casino bonuses, you’ll have to register, as there’s no no sign up XMR casino option.
Pros and Cons of Monero Casinos
Playing at a Monero online casino comes with certain benefits. Below, you’ll see the strengths and weaknesses of using this currency at online casinos:
Pros
Excellent Game Variety – Monero casinos partner with major software developers. The result is a rich game portfolio.
Five Times Faster than Bitcoin – As a spin-off from Bitcoin, this currency brings certain improvements to the fold. For example, the transactions are much faster.
Sports Betting Available – Some operators allow betting on major sports with XMR.
Low Fees – The network will only charge you cents for a transaction.
Fair, Transparent, Private – Monero takes the best of what blockchain can offer and improves it. You will enjoy fair, transparent, and private transactions.
Cons
Restricted Number of Casinos Available – Compared to Bitcoin and Ehtereum, fewer operators support the Monero payment method.
Volatile – As with other crypto coins, Monero’s value can see sudden surges and plunges in value.
Official Forum Not Active – If you have something on your mind regarding Monero casino gaming, you won’t be able to share it.
Monero Blockchain Development Not User Dependent – You won’t have the option to vote for changes to improve the value of Monero.
Conclusions
As the little brother of Bitcoin, this coin brings certain improvements to the table for online casino gaming. First, the transactions are faster than Bitcoin’s. Second, the value of the coin is much lower, making it more affordable to players with lower budgets. Third, transactions have lower fees than with Bitcoin and a lot of other cryptocurrencies.
What’s more, players will enjoy many types and sub-types of the most popular casino games and will not be limited in turns of claimable bonuses. Stumbling on a Monero casino with baccarat is not a rare occasion. You can also play slots, classic table games, poker, live-dealer games and even test your sports knowledge and intuition on the Monero-supported sports betting markets. Among the best Monero casino games are Classic Blackjack, Texas Hold’em, and ‘Book of’ slot series.
As with anything else, Monero’s drawbacks are that it’s volatile. With that said, it is a decent alternative to the most popular cryptocurrencies for some good-old online casino action.
In the FAQ section below, you’ll find additional information on playing at online casinos with XMR. This guide serves as an upgrade on other XMR casino reviews. All the information here is cross-checked and confirmed.
Is it safe to make a deposit using Monero?
Monero is one of the safest currencies to use online. As long as the casino you intend to deposit into is legit and uses all the necessary security measures, you’ll be safe. The identity verification procedures shouldn’t scare you off, as they are part of the standard process of online gambling.
How to deposit using Monero?
Depositing at a Monero casino is easy once you’ve set up your wallet. To make a deposit, go to the Cashier of the XMR casino. Choose Deposit and select Monero as a payment method. Open your wallet, click Send, and copy your wallet address. Paste it in the designated box where you initiated the deposit payment procedure at the casino. Type in the amount and confirm. You should see the transfer take effect in as little as 10 seconds.
Is it legal to play at a casino using Monero?
There are two aspects to this question. One is the legality of the Monero cryptocurrency. And, two: legality of online casino gaming at your location. The coin is legal in the USA, so you can use it to purchase services freely. Regarding Point Two, online casino gaming is only legal in six states at present: Connecticut, New Jersey, Pennsylvania, West Virginia, Delaware, and Michigan.
Are Monero casinos anonymous?
Monero transactions are protective of your identity, providing you with anonymity online. However, you’ll need to register at a Monero online casino to receive access to their full services. As long as a Monero casino has a license, you needn’t worry about your personal info leaking into public space.
Are there any Monero casinos?
The casino choice for Monero is quite restricting. You still have a handful of fully packaged and licensed platforms to choose from. Just remember to run your standard security checks before playing. Ultimately, choosing the best XMR deposit casino would come down to sifting out those that do not have a license and an excellent variety of games and bonuses.
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