All you need to know about Monero casinos
Cryptocurrencies are making a lot of splash in the financial markets worldwide. Due to their high volatility, cryptocoins are witnessing exponential growth on a daily basis. While Bitcoins and Ethereums are having steady growth in value, it is Monero, Litecoin etc which are giving exceptional returns. For the uninitiated, Monero started in 2014 as a peer to peer coin, primarily focused on privacy. So, while using Monero, you don’t risk revealing your transaction details to anyone. While payment request can be viewed, the volume, direction and currency of the payment are not visible to anyone.
Monero offers significantly more privacy than not only fiat money but also the likes of Bitcoin and Ethereum. That is what makes them the best bet for playing in casinos, where most players like to keep their identity and transactions hidden from everyone.
What are Monero casinos
Monero casinos are very much similar to the normal casinos. They have the similar kind of games that you can play online and try your luck. With a stroke of luck, you may win substantial Monero coins while playing all your favorite casino games.
The basic difference is in place of regular currency, you place your bets in cryptocurrency, specifically Monero. In traditional casinos, you collect chips in exchange for money to play. Here in place of chips, you have to get some Monero coins.
However, that is not all. The games are sometimes modified, so that it becomes much more interesting than the usual slot machines.
How do Monero casinos work
Before you start playing, you have to have some Monero coins in your crypto wallet. Once you get those, you can sign up in any Monero casino and start playing. But before you do, you need to consider a lot of factors, so that you can play with your Monero coins hassle-free.
Usually it takes very little time for you to understand the game. There are practice games available. So, while you understand the game, you don’t have to lose any money over it. Once you get comfortable with the games and the playing rules, you can keep your bets with real money, i.e. your Monero coins.
Why play at Monero Casinos
Monero casinos are in many ways better than your usual casino.
First, the gameplay is significantly better. The slot, dice games are modified slightly to make them more interesting. Instead of winning just for a single line of matches, all the slot machines have several patterns to choose from. So, your winning probability is much more than regular games.
There is no middleman in the payment process. So payout is faster and without any kind of deductions.
There is highest degree of anonymity associated with the Monero casinos. So, if you don’t want anyone to find out your transactions, Monero casinos are your best bet.
How to choose the best Monero Casino for you
Finding the best and most suitable Monero casino takes a little systematic approach. If you follow them, your money will be safe and secure while playing in the Monero casinos.
- Trust and genuineness is the primary thing to look for when you are selecting a Crypto casino. Look for independent certifications, follow the community talk, go through the experiences of real players and look for references in trusteed websites. If all those indicators show that the casino is genuine, you have got no reason to worry.
- The assortment of games is what will keep you engaged and engrossed in the casino. So, check whether the games are interesting and if you can play them well.
- These bonuses also play a big part in your winnings. So, compare the bonuses among all the trusted Monero casinos before you sign up.
- Look for hassle-free payouts when opting for a specific casino, although most of the Monero casinos boast of seamingless payment process.
If you have been to any casino, you will find all familiar casino games here. Monero Blackjack to Monero Dice and Monero Poker, every game will keep you on your toes. While the games’ basic structures are similar to traditional casinos, they have been modified a little to make them more interesting.
It may take some time to get familiar with the game rules, so there is practice option without wagering your real money. After playing a couple of practice games, if you feel ready, you can start playing with real money i.e. your Monero coins.
When you start playing, most of the games will be with the computer. But as you get to games like Poker and there are other live players, you can play against them. And playing with other live players makes the game much more interesting.
Betting bonuses with Monero casinos
All the Monero casinos offer lucrative welcome bonuses when you sign up. Some offer more than 100% deposit bonus and some offers no-deposit spin bonuses and direct crypto coin bonuses. All these bonuses have some conditions. In some casinos, there are at least 40-50x wagering requirements and some allow you to withdraw your bonus after you reach a withdrawal threshold.
While choosing the best Monero casino, keep in mind what kind of bonus you are getting in each crypto casino while signing up.
Is it legal to gamble with Monero?
Playing with Monero is not very different from playing with Bitcoin. At least in the legal aspect, they are almost identical. If your country specifically bans possession of cryptocurrencies and trading along with online gambling, (which is very unlikely) you should refrain from playing in crypto casinos.
If not, you will definitely not get into any trouble for playing in Monero casinos. So, go through your country’s rules about crypto casinos first and then start playing.
Start with Monero casinos
To start gambling with Monero, you need to purchase or acquire some Monero first. Go to any established exchange and purchase some bitcoin or ethereum with fiat money first. Then with that exchange, buy some Monero with your BTC or ETH. Once you get your hands on those Monero coins, it is time to sign up in Monero casinos. Choose your favorite casino game and play to win.