Monero, also known as XMR, is a popular cryptocurrency that is now used in the gambling industry to provide players with rapid and anonymous deposits and withdrawals, so many players opt for it. Let’s look in more detail at what the features of this cryptocurrency are and how to make deposits with its help.
What is Monero and How Does It Work?
Monero was founded in 2014 as an alternative to Bitcoin and other cryptocurrencies. XMR works similarly to other cryptocurrencies, so players should have their own e-wallet to send and receive those coins. A special network and unique generated Monero addresses are used for transactions. However, this altcoin has one feature that makes it stand out from other cryptocurrencies and makes it perfect for the world of gambling. This is the anonymity that it provides to users, as transactions are not traceable and are not available to the public.
Nonetheless, Monero casinos are not as common as Bitcoin or Ethereum operators. Thus, players who decide to use it for deposits should make a little research to find an operator that has this cryptocurrency among payment methods.
Safe and secure banking methods:
- Wide variety of casino games
- In-depth esports betting opportunities
- Robust security measures
How to Make a Deposit at Monero Casino?
The first thing players should do is to find an operator that offers XMR and register on its website. As soon as this step is completed, head to the cashier tab and select Monero. Enter the sum of the deposit and follow the instructions on the screen to make a deposit. A Transaction validation with Monero wallet will be required.
A deposit should be completed rapidly, so it is possible to start playing casino games within 10 minutes after the transaction is performed.
Pros and Cons of Monero Deposits
Monero casinos have many advantages, including:
- Safety, as every transaction made with cryptocurrency is untraceable and hidden. Unlike Bitcoin which publishes all transactions, this altcoin secures anonymity for players, and it is something that many casino customers want to have.
- Speed, as this cryptocurrency uses blockchain technology. Thus, deposits are a matter of a few minutes.
- Low fees, so players do not have to pay extra to credit money to their casino balance.
Aside from pros, Monero deposits have some cons. One of the main disadvantages is their availability. Currently, there are not so many online operators that offer this payment method. Nonetheless, the popularity of this cryptocurrency grows with time, so maybe we will have more casinos that have this cryptocurrency integrated soon.
What is Monero casino?
Monero casino is an online operator that allows players to make deposits with the help of this cryptocurrency. Unfortunately, the list of such casinos is not very long.
How to deposit at Monero Casino?
To make a deposit with Monero, players should have Monero wallet and select this payment method at an operator.
How much time does it take to make a deposit at Monero casino?
Usually, players should wait a couple of minutes after they complete the transaction to see their money available at the casino balance.
Is Monero casino safe?
Monero takes care of the security of players, so all deposits are anonymous and untraceable.