The Ultimate Monero Casino Guide 2023
The online gambling market keeps growing! Hardly any industry has undergone such a change recently as that of online casinos. This process can be summed up in one word: cryptocurrencies.
It didn't take long before casino operators knew how to use the numerous advantages of Bitcoin and Co. for themselves. The result: An optimized gaming experience, from which you, the player, benefit most of all! Thanks to digital currencies, security, speed and finally, the anonymity of your transactions can be guaranteed in the long term.
Best DOGE Casinos 2023
Table of Contents
- Best DOGE Casinos 2023
- Monero – The most anonymous of all digital currencies
- What exactly is Monero?
- How can I get Monero coins?
- What advantages does a Monero casino offer?
- How do I know if a Monero Casino is reputable?
- Monero Casino Alternatives
- Conclusion on Monero casinos
- Monero FAQ
- The best Monero casinos at a glance
Monero – The most anonymous of all digital currencies
Anonymity is also the perfect keyword: This article is about Monero, a crypto coin that is repeatedly traded as the most anonymous of all cryptocurrencies. While many altcoins have more or less tried to copy the top dog Bitcoin, Monero is going its own way.
Briefly explained: Alt coins are by no means “old” cryptocurrencies. But on the contrary. Rather, the “alt” in the name stands for “alternative”. As a result, all cryptocurrencies that are offered on the market alongside Bitcoin are referred to as alt-coins, which represent an alternative to the market leader, so to speak. However, the technology of Alt-Coins is mostly similar to that of Bitcoin.
In terms of data protection in particular, the Monero coin is several steps ahead of its competitors. But there are also numerous other advantages that the young cryptocurrency brings with it, which speak in favor of using Monero in the online casino. It is not without reason that more and more gambling providers are including the token in their portfolio.
We will now explain to you exactly what Monero is and what makes the currency so special. Moreover, we will be specific about playing at Monero Casinos. With us, you will find out what makes a good Monero Casino stand out and what you should pay particular attention to when playing in one!
What exactly is Monero?
Monero (abbreviated: XMR) is a so-called “Privacy Coin”. In other words: The cryptocurrency Monero places the highest focus on the privacy of its users and, above all, stands out from its competitors such as Bitcoin and Co.
Launched in 2014, the digital currency is now one of the top 20 cryptocurrencies by market capitalization. Since its inception, the XMR token has been pursuing one major goal: Ensure the long-term anonymity of its customers. And with great success! Thanks to the complex blockchain structure, Monero transactions are virtually untraceable. Neither the sender nor the address of the recipient or the amount of the transfer are visible to unauthorized third parties when paying with XMR. The optimized proof-of-work algorithm called RandomX plays a major role here.
But the continuous adjustment of the mining process and scalability are also characteristic of the Monero coin, along with some other unique selling points. For example, unlike most other cryptocurrencies, Monero has no upper coin limit. So-called miners can theoretically continue to produce new XMR coins for all eternity. In the long term, the total volume of Monero will therefore far exceed that of almost all other cryptocurrencies.
Fun Fact: By the way, the name Monero is by no means arbitrary. In the popular artificial language Esperanto, which was founded in 1887 by the ophthalmologist Ludwik Lejzer Zamenhof, “Monero” means something like “coin”.
How can I get Monero coins?
There are basically two ways to get Monero coins:
1. Mining
In mining, so-called crypto miners solve highly complex mathematical tasks on high-performance computers and receive coins in return. In the long term, you can save yourself the purchase of Monero coins. Monero uses a Proof-of-Work (PoW) consensus mechanism that requires computing power to generate blocks on the network, just like Bitcoin.
But now the big difference to Bitcoin and Co.: No complex devices are usually required for XMR mining - you can mine Monero with a regular CPU (central processing unit) or GPU (graphics processing unit). In other words: Any standard computer can theoretically be used for Monero mining!
While the mining of Bitcoin and other cryptocurrencies is typically reserved for large investors or companies that operate entire server farms, Monero takes a different approach: The Monero developers stand for an egalitarian concept. They believe all miners deserve equal opportunities. Monero mining works on all operating systems, such as Windows, macOS, Android or Linux.
Nevertheless, you have to allow for a not to be underestimated period of time for Monero mining, including high-power consumption, until you have enough XMR tokens to play with in a Monero casino.
2. Buy Monero from a broker
If you are primarily looking to play with the XMR coin in a Monero casino, this option is probably the much better one for you. Because shopping in the open market is undoubtedly the fastest, safest and most convenient method to get to Monero. As of today, the cryptocurrency is not yet traded on all major online exchanges – trustworthy providers such as Binance, Coinbase or Kucoin have long since included Monero in their portfolio. Here you can buy XMR coins comfortably and on fair terms thanks to an electronic transfer, a bank transfer or with a credit or debit card.
| Position | Cryptocurrency | Price | Market capitalization |
|---|---|---|---|
| 30 | Sellar (XLM) | $0.1871 | $4,637,186,516 |
| 31 | Algoran (ALGO) | $0.6903 | $4,631,438,546 |
| 32 | Monero (XMR) | $245.42 | $4,422,826,669 |
| 33 | Ethereum Classic (ETC) | $32.83 | $4,416,188,197 |
| 34 | Hedera (HBAR) | $0.1799 | $3,633,126,705 |
What advantages does a Monero casino offer?
1. Monero stands for the highest level of anonymity and security thanks to ring signatures
As already mentioned, several times, Monero is considered the most anonymous cryptocurrency. To achieve this high level of anonymity, Monero uses so-called ring signatures in its protocol.
Briefly explained: A ring signature is a special way of signing Monero transactions. If you make a transfer with Monero, the signature of this transfer is “merged” with four other, different signatures - a so-called ring signature is created.
This process makes it almost impossible for outsiders to trace the actual sender or recipient of the transfer. Ring signatures protect your privacy to the greatest possible extent!
At the same time, Monero uses stealth addresses for all bookings. These camouflage addresses ensure that your account balance on the Monero Blockchain cannot be traced by third parties at any time.
Of course, these unique security standards are also reflected in Monero casinos. When registering, you will only be asked for a username, a password, your Monero wallet ID and your email address to specify. Your name or other sensitive personal data, such as bank details, etc., cannot fall into the hands of third parties. Nowhere else will you find such an anonymous yet secure casino experience!
2. Monero allows for a faster deposit process than Bitcoin
Deposits and withdrawals are just as easy, fast and uncomplicated with Monero as with other cryptocurrencies - it is often even reported that transactions with the XMR token are even faster than those with Bitcoin. This is of particular benefit to you in the following situation: Imagine you have found a Monero casino that suits you. Of course, you want to start playing right away!
While traditional bank transfers can frequently take a few hours or days at traditional real money casinos, you don’t have this problem at Monero casinos. But on the contrary. Here, you can plunge into casino fun just a few seconds after making a deposit with XMR coins.
Of course, the same applies to payouts: If you want to see your winnings in your account as quickly as possible, a Monero casino is the right place for you.
3. Monero acquisition by mining via CPU and graphics card performance
As already mentioned, basically everyone with their PC or laptop can “mine” XMR coins. However, we have also explained why this option is probably less attractive for the average Monero Casino visitor. Because mining requires a strong processor including a high-quality graphics card and can sometimes be costly and tedious. Nevertheless, you should definitely keep this possibility in mind: because if you have the appropriate technical conditions, you can mine enough XMR coins in the medium term to play with them in a Monero casino.
How do I know if a Monero Casino is reputable?
The big advantage of Monero is that the currency itself is very concerned about data protection and security. The Monero blockchain network focuses more than any other cryptocurrency on protecting the privacy of its users. Consequently, playing with XMR tokens in a Monero casino can also be described as very safe.
Nevertheless, you should consider a few important points when choosing a Monero casino:
1. Check Monero Casino game catalog and license
A Monero casino that offers you a wide range of different gaming options is undoubtedly attractive - but these slots must also be regulated by an internationally highly respected institution! A good indicator of the seriousness of a Cardano casino is its gambling license. If you scroll down on the provider's website and click on “Legal” or “About Us” you should be able to see the license of the online casino.
Tip: A Monero casino that has a license from Malta or Curaçao is to be considered serious. To obtain a gambling license in these countries, online casinos must guarantee fair play and achieve certain payout percentages!
2. Make sure that Monero Casino provides help through a customer support team
You may have questions about deposits, withdrawals, bonus offers, etc. For this reason, reputable Monero casinos usually offer you as many support channels as possible. A solid Monero casino should have both an FAQ page and live chat. In addition, an email contact address and a telephone hotline can be offered.
If the Monero Casino of your choice meets all of these criteria, you are most likely dealing with a reputable provider. But if you want to be on the safe side, it's best to choose one of the crypto casinos that have already been put through their paces by us!
By the way, below, we also introduce you to our favorite Monero casinos!
Monero Casino Alternatives
| Cryptocurrency | Number of casinos |
|---|---|
| Bitcoin Casinos | 96 |
| Litecoin Casinos | 26 |
| Bitcoin Cash Casinos | 25 |
| Dogecoin Casinos | 25 |
| Tether Casinos | 22 |
| Binance Coin Casinos | 15 |
| Cardano Casinos | 11 |
| Dash Casinos | 7 |
| Tron Casinos | 5 |
Conclusion on Monero casinos
Mainly because of its high anonymity in payment transactions and the solid market capitalization, Monero has developed into an attractive payment method in online casinos. More and more gambling providers are betting on the XMR token and we believe that this hype will by no means be short-lived. Because Monero, with its low network transaction fees and the incomparably high security standards, simply offers everything you could wish for from a cryptocurrency in the casino! In a Monero casino, you can expect full, carefree gaming fun!
Monero FAQ
Here are the most frequently asked questions about Monero casinos, collected and answered:
The Monero coin is offered on many major crypto exchanges. With providers like Binance, Coinbase or Kucoin you can buy the cryptocurrency on fair terms.
Yes! Just like Bitcoin, Monero uses a Proof-of-Work (PoW) consensus mechanism. In addition, the Monero developers have decided to make the mining process as energy-efficient as possible.
This means that anyone can mine Monero on their private computer with programs such as GPU-Miner or Monero Spelunker. But this is probably more interesting for long-term crypto investors. If you want to play quickly and conveniently with Monero in the casino, you should probably just use the exchanges mentioned above!
All Monero Casinos that we suggest further down this page have been thoroughly checked by us for security and seriousness. So if you also check the security features we have mentioned and the casino complies with them, then your Monero coins are definitely in good hands there!
The Monero casinos we tested usually provide you with a welcome bonus, sometimes even entire bonus packages. Because crypto casinos typically do not differentiate between the different cryptocurrencies when it comes to deposit bonuses, you also get attractive offers when playing with Monero.
If you regard online gambling as a private matter and are particularly concerned about anonymity, security and data protection, then you will hardly find a cryptocurrency that meets your needs like Monero!
The best Monero casinos at a glance
1. FortuneJack: The top dog among Monero casinos
The most important advantages at a glance:
- Great welcome bonus
- Play with provably fair technology
- Quick registration
- Excellent customer service
To start, we would like to introduce you to FortuneJack: FortuneJack was not only one of the first Monero casinos, but also offers one of the best Monero bonuses to date: 100 Free Spins just for signing up. No deposit required!
And that's not all! More bonuses will be awarded gradually. To give you an overview, we have listed them here for you:
- 100 Free Spins for registration
- 1st deposit: an extra 250 free spins and a 110% bonus on the first deposit amount
- 2nd Deposit: 100% Bonus
- 3rd Deposit: 100% Bonus
- 4th deposit: 100% bonus with up to 6 BTC in bonuses for the first 4 deposits
FortuneJack is also impressive in terms of the game selection: Regardless of what you like to play, from classics such as roulette and blackjack to “Provably Fair” crypto games and sports betting - you will find what you are looking for at FortuneJack!
2. Fairspin: Extensive game selection for long-term fun
The most important advantages at a glance:
- Play with provably fair technology
- Profitable welcome package
- Attractive VIP program
- Quick registration
Fairspin made it to number 2 in our ranking: The online casino, which opened in 2018, was the first platform to offer players additional fair play control based on advanced blockchain technology. The main strengths of this casino are its huge range of almost 5,000 exciting games and the generous welcome package that Fairspin offers you. New customers receive a bonus of up to 5 BTC and 140 free spins. Another great promotion is the birthday bonus: Here you will receive an individual gift. In addition, the casino's five-level VIP program provides constant motivation. And thanks to the enormous range of games, you certainly won't get bored!
3. bc.game: Exotic bonus offer with wheel of fortune
The most important advantages at a glance:
- Over 1000 different games
- Two no deposit bonuses
- Easy to understand, beginner-friendly layout
- Reliable customer service
Finally – bc.game: This crypto casino offers you two no-deposit bonuses. As soon as you register, a cash credit of $1-3 will be posted directly to your wallet. Then the big surprise: Playing begins even before the first deposit is made. Because the second bonus comes in the form of an exciting offer! A Wheel of Fortune will appear. Here you can try your luck and get up to 1 BTC.
Of course, there are also appealing deposit bonuses: For the first four deposits you will receive up to 180% bonus!
bc.game can also shine with its selection of games. You can choose between more than 1000 games, some from well-known providers such as Yggdrasil and Quickspin.
