What is Monero?
Monero is a legal cryptocurrency that uses blockchain technology to verify transfers of funds and maintain high levels of security and privacy.
It was developed back in 2013 and built on what some people say are Bitcoin’s flaws. The emphasis here is on removing traceability and allowing users to move cash around freely in an electronic format. Transaction details are obfuscated, meaning that user addresses and wallet balances are not public information.
It is now the third-largest community of developers after Bitcoin and Ethereum, but you won't find much information about those working here, as they also like to maintain their anonymity as well.
The advent of Monero casinos
Along with other types of crypto payment casinos, Monero sites have started to gain more traction over the last couple of years. This is all thanks to players wanting to keep their actions and transactions private and away from prying eyes.
However, the benefits of obfuscated transactions are also going to prove to be a bit of a hindrance, as this type of currency tries to gain more acceptance at Monero casinos and other types of online service providers.
The lack of traceability has prompted some jurisdictions to not allow this type of cryptocurrency at iGaming sites in their area, and this is making it much harder to find decent places to play that do accept Monero.
The easiest way for you to find trusted and legitimate Monero casinos online is to take a look at the banners on this page, and see the brands that our experts have tried and tested and are happy to present the details to you.
Things to consider with Monero casinos
Other than the lack of choice, as previously mentioned, there is one main drawback associated with this currency type. However, it isn't specifically aimed at Monero, but rather all types of cryptocurrency.
Decentralized currencies are used as a trading tool, which prompts their value to go up and down in much the same way as a regular fiat currency. But while regular currency pairs move up and down in fairly small amounts against each other throughout the day, important industry news can send cryptocurrencies flying in one direction or the other.
This is always something to bear in mind, as the original value of a deposit at a Monero online casino may not be the same in the future, regardless of how your gaming session pans out.
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Getting started at Monero casino sites
If you are new to the world of crypto, then you will first need to know a little bit about how this currency works and how you can get it moving. Before you can even think about getting your finger on the spin button of the latest slot game at one of these sites, you'll need to have Monero in your possession.
Buying Monero or any other type of cryptocurrency usually means going to a crypto exchange, where you can use your debit card or another form of payment to exchange your fiat currency for the crypto one instead.
To keep this currency in your possession, you will need a crypto wallet, which can often be provided by the exchange. This type of custodial wallet is exchange-hosted, and they will have control of your key while giving you access through a familiar username and password setup.
You can either leave your currency in this wallet or move it on to one of your own that you hold with an independent wallet provider, or alternatively keep it offline in a cold wallet where you have 100% control over when these details are connected to the net.
Opening an account at one of the best Monero casino sites
The great thing about sites that are 100% crypto-based is that you only need your wallet key information to get started. You won't have to give away any other details, so you get to maintain complete anonymity while gambling online.
Moving money into your account
With Monero, your cryptocurrency is effectively your casino account and the two are barely distinguishable as without funds, you wouldn't be there playing games in the first place. It is a different setup to more traditional sites, and this is what both attracts and deters players in equal measures. You need to decide if it is the right way for you to play online, or if it isn't something that you are comfortable with.
To make a payment into your account, all you need is the wallet key for the host casino where you are playing. You'll enter these details into your own wallet as you make the transaction and send the funds off through the blockchain and eventually, the casino takes possession.
Deposit payments are instant, so you should be able to start playing all of your favourite games straight away after you have made your transaction.
Withdrawals at online Monero casino
The great thing about using cryptocurrencies to gamble online is that the withdrawal times are much faster than other regular forms of payment. Completing a transaction back to your wallet will be fairly instant at the
crypto casino sites, but it does depend on the casino's processing steps. They may take a little while to get around to starting the whole procedure.
To request funds, you simply need to head to the cashier or wallet tab, whatever is available at your particular site. Here, you will be able to select a withdrawal and request the Monero payment type. The casino will ask for the wallet address where the funds should be sent, and the transaction will begin as soon as it is cleared by the site.
Our final thoughts on Monero casinos
There is a lot to think about when you first start using a Monero casino. If you have used a traditional casino online in the past, then this may seem like a strange process to you, but it is perfectly safe. The main benefits are that your privacy is protected and nobody has access to any of your transactions. Money is moved swiftly, and the security aspect is also a big advantage here.
On the flip side, you might want to consider the change in the value of these coins, but this is something for all crypto customers to consider. Take a look at the best Monero sites shown on this page that our experts have reviewed if you would like a safe place to begin your adventure.
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Monero Casino FAQ
👏 What’s the best online Monero casino?
While the selection of Monero sites may not be as large as some other crypto brands out there, there are still some fantastic and perfectly legit places to play. Each customer has their own requirements and will look for different attributes when selecting a casino brand. Our job is to help you weigh up the pros and cons of the
crypto gambling sites
out there, and decide where you would like to begin your journey.
💵 How do I make a deposit at a Monero site?
Making a payment into your new Monero account is a very simple process and shouldn't be something that causes any concern. We will show you all the necessary steps that you will need to follow.
❓ Are Monero casinos legit?
Many players are currently wondering if making the move to a Monero site is a good idea for them. So, you are not alone in wondering. The best way to get all of the key information about the legitimacy of this coin and whether or not it's available at legitimate sites is to take a look at our guide.
🚅 How fast are Monero casino withdrawals?
Getting money back out of an online casino is one of the most important aspects for all gambling fans. You don't want to be waiting around for days to get your money back where it belongs. To find out exactly how long the whole process takes and whether or not it is acceptable for you and your cash, check out our guide to Monero sites that breaks all of this info down into easily manageable chunks
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