On this page, Chipy brings you a list of the best Monero casinos to choose from, while I will provide you with some info on how this cryptocurrency works. Shall we start?
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Monero is an open-source and privacy-oriented cryptocurrency launched in 2014.
Its symbol is XMR.
Payment method | Cryptocurrency |
---|---|
Website | https://www.getmonero.org/ |
Founded | 2014 |
Deposits | Yes |
Withdrawals | Yes |
Currency | XMR |
Fees | < 0.05% |
Did you know
This crypto’s name comes from the international auxiliary Esperanto language and means “coin.”
Getting started with Monero is simple.
You just need to purchase XMR from an exchange website (I recommend Coinbase and Binance) and add it to a crypto wallet. Then you’re free to use it.
Note
The Monero community created dedicated digital wallets.
For every transaction, irrespective of its value, you must pay a nominal fee, typically less than $0.05.
Also, the average fee per kb is $0.24.
The exact fee value at one point varies based on network conditions and payments’ data sizes.
Important
Check XMR’s price and associated fees before committing to a payment.
Your deposit and withdrawal values can significantly fluctuate based on its price.
Keep in mind
Casinos that take Monero sometimes charge their own fees for XMR deposits and withdrawals. Be sure to read their T&Cs to know for sure what to expect.
Monero employs ring signatures, ring confidential transactions, and stealth addresses to conceal the sources and values of transactions.
So, your transactions are still recorded in a public ledger, the same as with BTC and ETH, but are much harder to trace back to you.
It is considered one of the best cryptocurrencies in terms of privacy and security because of this approach.
If you want to take your privacy one step further when gambling online, then XMR is one of the best choices in terms of cryptocurrencies.
However, the limited availability of Monero casinos can be a pain. If you struggle to find one available to users from your country, try to look for some Bitcoin casinos instead.
Pro tip
Before accessing the casinos that accept Monero, I advise you to first read the casino reviews (by clicking the casino name), and analyze the game type variety.
Blackjack and Roulette casinos are among the most popular among players, but that might not be your first choice.
Lastly, make sure you take the crypto risks into account and remember to gamble responsibly!
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