Monero Casinos – How to Use Monero at Online Casinos

Monero is a cryptocurrency, or a digital currency, whose focus is to provide high anonymity and privacy to the users. It is a peer-to-peer currency that is very similar to Bitcoin but specifically designed to be untraceable using privacy-enhancing technology in the blockchain. This can lead to many benefits for the users, but also a lot of downsides that are used by hackers and third parties for frauds, abuses, and online criminals on the black markets. Monero uses an open-source protocol based on CryptoNote which is later explained in the white paper by Nicolas van Saberhagen in 2013. Using this concept, the developers designed Monero a year later, in which transactions are validated by generating a private view key and spend key for payment authorization.

One interesting fact is that Monero has no single founder, and their identities are unknown at this moment. The white paper researcher and developer Nicolas van Saberhagen is not a real person, and it is only a pseudonym of the real author. Also, the team of developers that worked on Monero is also anonymous and their identity is never represented publicly. One name of the development team came up on the surface years ago, and he was a lead maintainer till December 2019, known as Riccardo Spagni. Except for him, the people behind Monero remain anonymous, just like the main mission of this cryptocurrency – high privacy and anonymity.

Today, 1 Monero is worth $141, and it can vary in real-time if we monitor the charts on the crypto market. The main force of this digital currency is the users and the community, offering a chance for everyone to make transactions anytime and everywhere on the planet, far away from hackers, scammers, and similar third parties. The current market cap is $2,62 billion, with a 24-hour trading volume of $34,57 million. On the official Monero website, you can find a separate section where you can choose a wallet for different operating systems on your preferred devices, such as mobile phones, tablets, Mac computers, Windows computers, and similar.    

Monero Latest Updates

• May 2024: The FBI arrested Rui-Siang Lin, a dark web market owner who made a profit of $100 million. He used Bitcoin and Monero as the main payment methods for illegal trade on the Tor web browser.
• April 2024: Kraken ends up a Monero trading in Belgium and Ireland. It means that all Monero users will automatically convert their Monero assets into Bitcoin.
• January 2024: Binance announces its expansion of monitoring tag for 10 new tokens, including Zcash and Monero. Monero is now included in the extension as a privacy token and project with an emphasis on anonymity.

Depositing and withdrawing Monero funds at your chosen online casino is a pretty easy process that allows you to make fast, safe, and anonymous transactions. Please note that the depositing and withdrawing process can vary from casino to casino because of the working politics and transactional limits. But, looking at the bigger picture, Monero allows you instant transactions to credit your account or cash out your lucky funds. To start the depositing process, just choose your preferred Monero wallet, add some funds, and connect it with the casino. Next, go to your casino account and choose Monero as a payment method. Enter the amount you want to deposit and start with your new gambling adventures without worries.

The process is nearly the same with withdrawals, where you should choose Monero as your preferred method of withdrawal at your chosen online casino. Go to the cashier section, choose Monero as a crypto banking method, and enter the amount you want to cash out. After the transaction approval, you will instantly get your funds into the wallet and use them for anything you want. Keep in mind that different transactional limits and a transactional fee can be included. But it is up to the casino you play, so Monero does not influence its politics, transactional practices, and conditions.

Depending on your chosen Monero casino, you will face different withdrawal and deposit limits, fees, and timeframes for your transactions. They can vary between casinos because every brand has its own terms of use and politics that are implemented for the players. Below, you will find an in-depth explanation of what our CBM team found after analyzing some Monero casinos and what you should know before placing real money on any casino. Let’s dive right into it:

Fees

Most of the Monero casinos you will find there do not charge any transactional fees for deposits and withdrawals. You can credit your account instantly and absolutely free, so the fantastic gaming experience is guaranteed. It is the same for withdrawals, too, and you can cash out your lucky winnings with a 0% commission fee. Monero as a cryptocurrency may include transactional fees when it comes to the crypto wallets, and the users may be required to pay the lowest amount of $0,0010 per transaction in some situations, which is equal to 0,00006 XMR.

Timeframes

Monero transactions are safe and fast, which means that all deposits and withdrawals you will make will be instantly processed. Because it is a cryptocurrency, you will get your deposits instantly to start your gameplay, as well as receive the winnings into your wallet without barriers. The good thing here is the extra anonymity, which increases the safety of your transactions and keeps them untrackable by hackers and scammers. There is a blockchain network that is responsible for the transactions at lightning speed, so you will get special treatment in comparison with traditional banking methods and bank transfers, which are drastically slower than the Monero deposits or withdrawals.

Deposit and Withdrawal Limits

All online casinos have their own deposit and withdrawal limits and it is not connected with the payment methods in any way. This is the case with the Monero casinos, too, where you can find specific transactional limits, and they can vary from casino to casino. Our experience says that the minimum deposit transactions you can make in one crypto casino that accepts Monero payments is between $10 to $20, which is also enough to claim the welcome bonus package for all newcomers. The maximum deposits go up to $5000 or even beyond, depending on the chosen online casino.

When it comes to withdrawals, the situation is nearly the same, where all Monero online casinos have withdrawal limits on a daily, weekly, and monthly basis. For example, the minimum withdrawal you can make in most of the casinos is $20 to $50, and the amount goes up to $5000. Or, looking at the limits of certain online casinos, depending on the time period, you can withdraw $1000 daily, $5000 weekly, or up to $30,000 monthly. Keep in mind that some VIP players can enjoy negotiable withdrawal limits depending on their VIP level in the loyalty program.

Our team at CBM made concise analyses of different forums and review sites to find player experiences regarding the Monero online casinos. The results are incredible, and nearly every player is very satisfied with the Monero payments and the online gambling platforms that accept it as a crypto payment method. Players enjoy instant deposits and withdrawals that are super-safe thanks to the blockchain technology and the layer of anonymity. Now, they can get their lucky funds in the blink of an eye, which is not the case with traditional banking methods and bank transfers.

Also, all Monero gambling sites offer a fantastic gaming experience for every player who steps in. There are unique bonuses, promotions, hot tournaments, and dozens of casino categories that will not keep you indifferent. You can dive into a huge game library with thousands of casino games, including slots, table games, live casino games, jackpots, drops & wins, megaways, and so on. Our list above is full of platforms that are real heaven for casino players, so pick your favorite ones and change your financial life from its core.