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Cryptocurrency Casinos are getting increasingly more popular around the world. In recent years, Stellar (XLM) gambling sites are getting more and more attention. Stellar is a decentralized P2P network and a direct competitor to Ripple (XRP).
Stellar’s native coin is called Lumen and listed under the ticker XLM. Unlike Bitcoin or Ethereum, it’s a payment system that was designed with fast and cheap transfers in mind.
With a global value that exceeds $9 billion, it’s one of the most popular coins on the market. Its price is a far cry from Bitcoin, but it’s cheap for people to invest in and still offers all the advantages of crypto at online casinos.
Joining a Stellar Casino is easy and quick. Players can make fully anonymous deposits and withdrawals with low fees and lightning-fast transaction times.
In this guide, we’ll talk more about the advantages of XLM casinos and tell you why they’re worth joining.
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There are many benefits which come with using XLM, otherwise known as Lumens, especially in the online casino world.
As a peer-to-peer network, Stellar’s Lumens are a great alternative to Ripple transactions. Just like any other cryptocurrency, the XLM focus at crypto casinos are instant and fee-free transactions. This is a completely decentralized payment system that’s effortless to use, and also accepts multiple asset types and currencies.
Here are the top benefits of using Stellar at Crypto Casinos:
Crypto Casinos operating online have been and continue to be eager when it comes to making their platforms accessible and appealing to everyone. By accepting cryptocurrency tokens such as XLM, they achieve this goal.
Using XLM at Casino
And here are some other reasons why XLM can be the token of choice for you:
If all that wasn’t enough, the Stellar network which the XLM token is apart of, is a non-profit company. So, the focus is on doing good, rather than making money.
Making a deposit at a XLM gambling site is easy. Before you start the procedure, you will need to buy XLM and store them in a crypto wallet. Once your wallet is ready, you can proceed to make deposits inside the Crypto Casino.
The deposit will be processed instantly and without fees. If it’s not there after 15 minutes, contact the customer support team.
Making a withdrawal via a Casino accepting XLM is even easier than making a deposit. This is because withdrawals are automatic.
As long as you used your XLM address to make a deposit, withdrawals will be made directly to it.
Simply choose withdraw instead of deposit and follow the on-screen instructions. If you have a withdrawable balance, it will be over in a minute. Withdrawals with XLM are usually instant, but can be delayed due to verification procedures or the casino’s withdrawal processing procedure.
XLM, otherwise known as Lumen, previously Stellar, is the digital token of the Stellar network. The Stellar system aims to provide users with a secure platform which is quick and cheap, and it’s the go-between when it comes to cryptocurrencies and traditional payment methods.
XLM, the digital asset, can be used in multiple ways via the Stellar system, with transaction fees always kept to the bare minimum.
It’s easy to see why cryptocurrencies and online casinos go hand in hand, but first, the crypto must be credible and safe. Operator and customer alike must have trust in a digital token, or, it will never establish itself.
Thankfully, XLM is a crypto token which is popular due to the respect it has earnt as a legitimate currency in the online world. And, where gaming platforms are concerned, making use of XLM means users don’t have to enter their personal or financial information, for example, so they will never be a risk of cyber fraud.
XLM is a cryptocurrency which provides a raft of benefits. Fast transaction speeds, high security and stability combine to make Lumens a digital token which is attractive to casino operators and punters alike.
XLM is a digital currency which has a stunning reputation. It provides a wealth of advantages to its users, but being built on the Stellar network enables Lumens to stand out from the crowd. The Stellar system is a non-profit company, after all.
Promotions are a fantastic way to elevate a gaming experience, and there’s an abundance of them in the casino world. A platform’s official website or mobile app is the place to go to grab a bonus.
Directly depositing with XLM at online casinos is the way to go where most platforms are concerned. However, some operators encourage the use of native tokens. But conversion is straightforward and no hassle.
Decentralized cryptocurrencies focus on creating open & expandable markets for everyone. Digital coins like the Stellar Lumen are continually growing in availability and value following its decentralized nature.
Purchasing one XLM Coin with a Decentralized Exchange will require $0.40 to $0.50.
Yes, anonymous capabilities to decentralization ensure that every transaction is transparent. No third parties can assess your transactions.
Cryptocurrency Wallets like CoinBase will allow participants to exchange their XLM Coins for Fiat Currencies like the EUR, USD, or CAD.
Most gambling establishments that retain cryptocurrency deposits won’t allow punters to chargeback their deposited funds.
Casinos that’ve been licensed and regulated by a third party are proven fair. Otherwise, Casinos must be ensured of RNGs. Betting sites without RNG should be avoided.
Absolutely, gamblers are authorized to purchase Stellar Lumens & deposit them through their smartphones or tablets.