Stellar Casinos

Stellar is a decentralized blockchain network that started as a hard fork of the Ripple (XRP) currency in 2014. Its development is overseen by Stellar Development Foundation, a nonprofit establishment, with the goal of providing users with “equitable access to global financial systems through blockchain technology.” The native currency unit for Stellar is Lumens (XLM), which is accepted at many crypto casinos today.

Stellar uses the Stellar Consensus Protocol (SCP), a better transaction verification system than Bitcoin’s energy-intrusive Proof of Work (POW) mining mechanism. The SCP is basically a network of computers located worldwide that check and rechecks the work of others. This ensures exchanges for online gambling sites occur faster than most payment methods.

Overview of the Stellar Network

Lumens functions pretty much like any virtual coin on crypto casinos. You can easily purchase Lumens (XLM) at many crypto exchanges, including Coinbase, Kraken, and Binance. When you have acquired some XLM, you can either retain them in the wallet provided by the crypto exchange or transfer them to your noncustodial cryptocurrency wallet.

In the sections below, we look at how to use the acquired Lumens to gamble in crypto casinos.

Deposits

Rightly, you’ve got some XLM in your crypto wallet and wish to make a deposit at your chosen online casino. Just follow the short guide below, and you will be ready to play:

1. Log into your XLM Casino account.
2. Visit the Deposit Section.
3. Select XLM as your deposit option.
4. Specify how much XLM you wish to deposit.
5. The crypto casino will display an address and a QR code. You can copy and paste the receiving address into your wallet or quickly scan the QR code with your wallet’s app.
6. A memo code/tag is also generated. Input the tag into your wallet as well. Failure to enter the correct destination tag could result in losing your funds.
7. Confirm the transaction. The funds will land in your account within seconds.

Withdrawals

XLM allows both deposits and payouts. So, if you used it to fund your casino account, you can also use it for withdrawals. Here’s how:

1. Log into your XLM Casino account.
2. Go to the withdrawals screen.
3. Select XLM as a payout method.
4. Enter the XLM address and the corresponding tag of the casino wallet to which you want to transfer XLM to. Always double-check the address and tag.
5. Specify the amount of XLM you want to cash out and confirm the transaction.
6. When approved, the withdrawal request will be completed within minutes.

XLM transaction fees are quite low, to the extent of being negligible, and are only designed to prevent spam. This aligns with the mission of the Stellar Development Foundation, which aims to create an inclusive financial network accessible to everyone, regardless of location or access to traditional banking services.

As of this writing, the fee is just 100 Stroops (0.00001 XLM). However, some online casinos may impose their own fees. If you encounter high transaction charges, they are likely set by the crypto casino rather than the Stellar network itself.

While Stellar Casinos may be a little tricky to find compared to Ethereum or Bitcoin Casinos, the perks these operators offer make the effort worthwhile. Below, we go over five benefits available at XLM casinos.

Fast Transaction Speeds

A transaction with Lumens takes only a few seconds, with settlement times ranging from 2 to 5 seconds. In this regard, it is one of the best crypto coins around, competing with similar ones like XRP, Tron, and Dash. This feature is convenient when cashing out your casino winnings.

Near to Zero Transaction Fees

A transaction in the stellar network costs around 0.00001 XLM to process. This cost is virtually insignificant and is ideal for players on a budget. It also doesn’t hurt to make multiple deposits whenever you have the funds to do so.

Anonymous Transactions

Although all transactions on the Stellar network are transparent, your personal details remain private. The only public information includes the alphanumeric wallet addresses involved and the amount of XLM transferred. If you join a crypto gambling site that doesn’t require KYC verification, you can maintain full anonymity.

No Third Party Interference

When transferring funds with XLM, you transact directly with the merchant, the crypto casino, which is similar to a cash exchange. The Stellar network simply acts as a neutral intermediary. This eliminates concerns over frozen accounts or blocked funds due to AML regulations or third-party audits.

A commission mistake many newcomers make when deciding where to play with stellar coins is selecting the first site that captures their attention. This can lead to a substandard or downright awful gaming experience in the long run. Just as there’s no universal best choice for traditional online casinos, the same applies to Lumens-based platforms. So, before choosing an XLM Casino, it is best to consider several factors like the ones below:

Reputation and Trust

You should only consider licensed casinos with a good reputation in the industry. This way, you can be guaranteed a secure gambling experience.

Withdrawal Speeds and Terms

Transactions on XML Casinos are usually fast and almost instant. However, the actual processing time depends on the casino itself. Some platforms can take longer than others. Thus, consider the expected payout speed for withdrawals when choosing a Lumens Casino. It’s also important to review the payout terms to avoid unexpected fees or restrictions.

Availability of Provably Fair Games

Most of the top XML gambling sites have a section for provably fair titles. However, the quantity of provably fair games can vary from site to site. To enjoy fair and transparent gaming at its peak, only consider platforms with many provably fair games.

Bonuses and Promotions

Before joining an XLM Casino, assess the types of bonuses and promos available. There should be offers both for new and existing customers. Also, confirm the play through requirements for claiming these offers and other relevant conditions.

Perhaps the most exciting part of Lumens Casinos is the game selection, which is usually like any conventional gambling site. Here are the types of games you are most likely to find at Stellar Casinos:

Slots

Slot are the most common types of games in online gambling sites today, and the same is true for XML gambling platforms. As a result, you will find plenty of them in almost any casino you join. Each has a unique theme, from Ancient Egyptian myths to classic fruit machines. You simply spin the reels and hope for a winning combination. With high-RTP slots, you get multipliers, massive winnings, and a bonus buy feature. Other additional features that spice up the fun include bonus rounds, reload bonuses, free spins, or progressive jackpots.

Table Games

Table games are popular, sought-after casino games for a good reason. They allow players to put their strategy skills to the test. It is all about the odds. Therefore, it is a more involved type of gambling than just pressing a lever on a slot machine (real or virtual).
The most popular table games in Stellar Casinos include Roulette, Blackjack, Poker, and Baccarat.

Provably Fair Games

Provably fair titles have been the foundation of cryptocurrency gambling. Initially, Bitcoin was the only token that games like crypto dice accepted. Today, all that changed. Casino operators allow gamblers to enjoy games in this genre through multiple crypto coins. So, you can use XLM on crash, dice, hi-lo, plinko and other provably fair titles and instantly confirm the validity of a game’s result.

Live Dealer Games

The titles in this category are streamed online but in a real gambling setting, on a real table, and hosted by pro dealers. The live streams are usually high quality as they are powered by reputable developers, including Evolution Gaming, Pragmatic Play, TVBet, and Ezugi.

You can use XLM to play traditional live table games such as live Poker, Roulette, Baccarat, and Blackjack. You can also enjoy other live dealer products such as Sic Bo, live Dragon Tiger, Dream Catcher, and Crazy Time.

Stellar XLM is a rising crypto coin. While only a handful of crypto gambling platforms bank with XLM for now, they are all high quality. Plus, it is more likely that there will be more and more platforms open to accept Lumens in the future. XML is a token designed to be inclusive of all populations, including those in the developing world. This means that XML works well for modest transactions as well as larger ones, giving players more control over their budgets. All transactions are completed almost instantly, the fees are incredibly low, and it all adds up to a promising crypto choice for gambling uses.