pachinko gambling Monero Casinos 2023

Among many things, people switch over to cryptocurrencies for the privacy. In this area, Monero is probably the best known coin for securing its users anonymity and is largely considered the most anonymous cryptocurrency available. Started in 2014, Monero, or XMR, is now one of the most widely traded coins on the crypto market today.

A fork off Bytecoin, Monero was initially known as BitMonero. The founders of Monero wanted a decentralized currency with better anonymity, and came together to develop Monero around a white paper by Nicolas van Saberhagen, a pseudonym whom some say may be the same as Satoshi, the founder of Bitcoin. The mission was clearly an important one, because the Monero development community has grown to be the third largest in the world, just behind Bitcoin and Ethereum.

In 2016, Monero became a payment provider for AlphaBay, a Darknet market place. It began to work exclusively with Monero because XMR is more secure and anonymous than Bitcoin. The cryptocurrency scene has been watching this coin grow with a lot of interest and now you can buy Monero on many exchanges. However, the number of crypto casinos that accept XMR remains few for now compared to BTC casinos, although it is very likely to change.

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Best pachinko gambling Monero Casinos 2023

The list of XMR casinos is short but fine. The crypto casinos listed here are known for being at the vanguard of things and for accepting a wide range of coins. You can usually claim their bonuses with XMR deposits, or deposits with any of the other coins they bank with.

What is Monero?

Even though Monero isn't widely accepted for online gambling for now, its market cap is within the top 20s, making it one of the most dominant players in the cryptocurrency market. Things really took off in 2016, when XMR went from a few cents to over a dollar, to surging to its all-time high of $517.62 in 2018. Prices have cooled down a bit as with crypto in general, but in 2022 its value has been sitting comfortably above $150.

Like Bitcoin, Ethereum and other cryptocurrencies, Monero is on a blockchain. It is decentralized and operated on a public ledger with extra privacy features like Stealth Addresses, Ring Signatures and Ring CT, which work together to create untraceable and private transactions. It's so bullet proof that sometimes it's referred to as the privacy coin.

Monero's protocol is based on Crypto Note, a white paper from Nicolas van Saberhagen. Nicolas van Saberhagen is just a pseudonym though, and Monero's Project Lead was South African developer Riccardo Spagni, who stepped down in 2019. The other developers largely work in anonymity in the spirit of the coin, and Monero's main lead is now the developer Snipa, otherwise known as Alexander Blair.

Video About Monero

"Monero Means: Money Private, decentralized cryptocurrency that keeps your finances confidential and secure." – getmonero.org

How to Buy Monero

Monero is a top privacy coin, and over the years some governments have expressed concern over cryptocurrencies that have such an enormous focus on privacy. As such, there are exchanges like Coinbase do not support Monero.

Still, you can easily buy Monero at other exchanges like Binance and Exodus. We have these steps outlined for you if you want to buy Monero:

1. Choose an exchange that supports Monero. Sign up for an account if you don't have one. Most will come with a crypto wallet.
2. If your wallet already has another cryptocurrency like ETH or LTC, you can buy XMR with that coin.
3. Alternatively, you can deposit a fiat currency like dollars or Euros into your wallet.
4. Select Monero XMR and set the amount you want to buy.
5. Confirm the transaction.

• Binance
• Exodus

Gambling with XMR

So you got yourself some Monero, and you want to start gambling with it. Well, that's pretty easy. The main thing is choosing a crypto casino that accepts XMR, and we've listed some really good ones on this page.

1. Choose a crypto casino and sign up for an account on the casino's site
2. When logged in, go to the Cashier section and choose Deposit
3. You will see XMR as a deposit option. Enter the amount of XMR you want to deposit.
4. A QR code and address will be displayed. Scan the code with your crypto wallet app or copy the address and paste it into your web wallet.
5. The deposit should show up in your casino account within seconds to minutes.

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Many crypto casinos have a Moonpay or other third party payment gateway that lets you buy popular coins with a credit card. It makes it convenient for those who are looking to get their feet wet without going through all the steps of setting up a crypto wallet and so on. However, Moonpay does not currently support Monero, so you would have to buy it in advance.

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With Monero, you will enjoy all the benefits of crypto gambling, and that means you are practically looking at no upper limits and instant withdrawals. Then there are advantages specific to XMR.

Pros to Monero

• High level of anonymity and security
• Low transaction fees
• Divisible down to 12 decimal points
• Small deposits starting at $1.55 US possible

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Monero offers exceptional anonymity as a privacy coin, even by cryptocurrency standards that are already famed for their privacy. This makes XMR attractive to a lot of gamblers. However, it's not completely smooth sailing yet because you're looking at these disadvantages:

• Not many casinos bank with Monero at the moment
• Not all crypto exchanges support Montero
• You can't buy Monero through Moonpay

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While it also uses a Proof of Work concept like Bitcoin, Monero differs from major cryptocurrencies in many ways. To begin with, it's held up by a community of developers, which means it's not run by a firm and there is no CEO. Other than that, some specific characteristics to Monero XMR include:

• The supply of XMR tokens is capped at 18.4 million, but the block size is dynamic.
• It uses a tail emission mechanic that has a fixed fee at 0.6 XMR for Monero miners to ensure they are always rewarded, maintaining the security of the blockchain.
• The tail emission also helps to keep transaction fees low and gives miners security independent of the fee market.

The Monero website give you a lot of information about the token / ©getmonero.org More Less

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Sure, for now the number of XMR casinos is limited, but once you're in, you'll find that the world of crypto gambling is all yours. The Monero casinos listed here carry the full choice of games you would expect from a first class casino, including Provably Fair crypto games that run on the transparency of the blockchain.

Usually the casino will display your bet size in USD, Euros or a fiat of your choice for easy reference, and you can always change the setting as you wish.

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There aren't any special secrets when it comes to gambling with Monero. It's basically all the same as online gambling, just faster and with higher limits. Still, here are a few things to keep in mind:

• Choose a reputable casino and claim the bonus
• Shop around for a crypto wallet with good fee structures
• Even though the minimum deposit is very low, deposit a bit more so you have more freedom with your bet sizes
• Use the same coin for both deposit and withdrawals

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Although Monero is one of the more established altcoins, the number of gambling sites that accepts XMR is limited. If you are looking to have a wider choice of casinos to choose from, then it's worth considering another a cryptocurrency.

BTC, ETH and LTC will open a lot of doors for you. Ripple, Tether and Tron are also seeing growing acceptance at crypto casinos. These can all be decent alternatives to Monero for gambling purposes.

Monero Casinos FAQ

1. Are Monero casinos safe?
2. Can I gamble anonymously with Monero?
3. Where can I find XMR casino bonuses?
4. How can I mine Monero?
5. Is gambling with Monero legal?

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1.) Are Monero casinos safe?

Because Monero is associated with Darknet transactions, people often wonder about its safety. With technology today, it's not too difficult to put together an online casino site that is designed to fleece players. So when it comes to gambling with Monero, do make sure you're looking at a licensed casino. A Curacao eGaming license will ensure you're looking at a site that meets legal requirements for fairness and security.

For extra safety, you can also enable 2FA (2 Factor Authentication) to prevent hacks into your crypto wallet or casino account. 2FA is good practice in general when it comes to protecting your money. If you want to go even further, you can also use responsible gambling tools, like setting a deposit limit or a loss limit, so that no transactions can happen beyond what you have pre-defined.

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2.) Can I gamble anonymously with Monero?

Famous for its privacy, Monero conducts untraceable transactions so its users can remain anonymous. However, licensed casinos will require you to verify your account, in which case it's not truly anonymous gambling anymore.

With small withdrawal amounts, some gambling sites won't require verification, but once larger sums are at play, verification will kick in to prevent criminal activity. It's annoying, for sure, but not a bad thing because it's part of what makes licensed casinos safe.

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3.) Where can I find XMR casino bonuses?

You won't see many XMR casino bonuses advertised, but that doesn't mean there are none. If you see a XMR casino with a bonus listed for BTC, the same offer is usually also available for Monero as well. The actual amount when converted to fiat may differ though, so high rollers especially should bear that in mind when choosing their gambling coin of choice.

In addition to the usual welcome bonuses, don't forget that most casinos have a range of ongoing offers. Rakeback and cashback programs can very rewarding if you play on a regular basis. Many sites also have tournaments with generous cash pools. You will be able to claim these offers when gambling in XMR too, and when compared to deposit bonuses, these promotions usually do not have the discrepancy between different coins in the max amounts claimable.

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4.) How can I mine Monero?

Since Monero uses a proof of work (PoW) concept, it is possible to mine XMR. Monero can be mined with computers or GPUs, and even phones and tablets.

While anyone can mine Monero, it took an average of 136 days to mine 1 XMR token. Whether that's worth your time is up to you. Should you decide to go ahead, you have the option to work solo or join a mining pool. Each has its pros and cons, so it's good researching that if you're interested in mining XMR.

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5.) Is gambling with Monero legal?

Monero is a legal cryptocurrency, and gambling with Monero is also legal. Because of its high level of privacy, Monero has often been used in criminal activities, but the cryptocurrency itself is not illegal. It's just like the fact that the US dollar can be used for criminal activities, but the dollar itself is perfectly legal.

Some countries like Qatar and Brunei have made gambling illegal, regardless of which currency you are using and have very stringent anti-gambling laws in place. But provided your country of residence permits online gambling, then gambling with Monero is perfectly ok. Most casino sites will block you if you are accessing them from a country where gambling is illegal.

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One of the most secure coins on the cryptocurrency market, Monero touts the highest level of privacy and untraceable transactions. These features make it known as a privacy coin, and it is often associated with the Darknet.

Transaction fees are low and the currency is divisible to facilitate smaller transactions. While Monero is a very popular cryptocurrency, few casino sites accept it for now. Whether this will change awaits to be seen. Part of this has to do with Monero's status as a privacy coin, and the fear that it becomes a medium of illegal financial activity. Nonetheless, if you're looking for sites where you can gamble with Monero XMR, we've listed some very fine casinos for you that are well trusted with excellent games.

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