Best Monero Casinos 2023
USE THE BEST PRIVACY COIN AT THE BEST XMR CASINOS
Monero is a genuine privacy coin and is popular with crypto holders worldwide. If you are ready to start crypto gambling and are looking for a safe crypto casino that accepts XMR, you are in the right place!
Check out our top-rated XMR crypto casino and start playing your favourite games in minutes!
Guide to Monero Gambling
What is Monero?
Monero (XMR) is an open-source, privacy-oriented cryptocurrency launched in 2014. Unlike other significant cryptos, including Bitcoin and Ethereum, its blockchain is opaque, making transaction details 100% anonymous. Neither the sender, recipient, nor amount is publicly recorded.
There are rumours that Satoshi Nakamoto, the inventor of Bitcoin, also invented this token. Its focus is complete anonymity, making it a popular coin with privacy-conscious users. It frequently tops lists of the most private cryptocurrencies.
But this crypto has also found fame and popularity with criminals and even rogue governments (hello, North Korea!), being an untraceable way to send and receive money.
Particularly worried about anonymous transactions, the US government has offered big rewards to anyone who can hack the code.
Because it’s a privacy coin, it isn’t the most accessible crypto to buy. Many exchanges don’t list it. Typically, you need to find a decentralized exchange and use Bitcoin or Ethereum to exchange for it. However, Binance does offer XMR.
Overall, Monero is an excellent crypto coin that stays true to the founding ideals of cryptocurrency, namely accessibility, anonymity and decentralization.
The network uses CryptoNight, a proof-of-work consensus mechanism that prevents large mining farms from becoming dominant on the blockchain. Like other popular cryptocurrencies, XMR is kept in a secure Monero wallet.
Those looking to gamble with XMR are in luck. Many Monero casinos exist, so using your XMR to deposit and play great crypto casino games today is possible.
How much is Monero worth in fiat?
In its early days, the price was relatively stable, hovering around USD $0.50 for several months. However, it wasn’t until early 2016 that the price began to climb, reaching $12 in September. This was partly due to the increased adoption by darknet markets, favouring its anonymity features.
After a brief dip in late 2016, the price climbed again in early 2017, hitting an all-time high of $495 in January 2018. This price surge was primarily due to the overall bullish sentiment in the cryptocurrency market at the time and the increased attention that Monero was receiving from mainstream media.
Monero’s market high was reached in January 2018, when it reached $495.84. However, the cryptocurrency experienced a significant drop in value throughout the rest of 2018 and early 2019, reaching a low of around $40 in late 2019.
As of August 2021, the coin value was around $300, a significant increase from its low point in 2019. But as of March 2023, XMR trades at about €150.
Overall, the price history has been volatile, with significant fluctuations in both directions. However, despite these ups and downs, Monero remains one of the most popular privacy-focused cryptocurrencies today.
Easier to mine than other cryptocurrencies like Bitcoin & Ethereum
Unlike Bitcoin, which requires enormous computational power, Monero is much easier to mine. Theoretically, you can mine it without special equipment and play crypto casino for free!
XMR is designed to be mined by individual users with standard hardware, such as CPUs and GPUs, unlike some other cryptocurrencies that require specialized hardware like ASICs. As a result, mining XMR can be relatively easy and accessible.
However, the profitability depends on a number of factors, including the cost of electricity in your area, the current XMR price, the mining difficulty, and the hash rate of your mining equipment. In general, it may be more difficult to mine profitably with CPU mining alone due to the increased competition from other miners, and GPU mining may be more profitable.
Privacy and anonymity
One of the most significant advantages of Monero casinos is the level of privacy and anonymity they provide. Since Monero transactions are completely untraceable, players can enjoy complete anonymity when placing bets and collecting winnings. This is a major draw for those who value their privacy and want to keep their gambling activities discreet.
However, new players making Monero deposits must still complete the registration process of the crypto casino, providing an email address, account password, and other personal information.
Speed and efficiency of transactions/winnings
Another major advantage of Monero casinos is the speed and efficiency of transactions. Since Monero is a decentralized cryptocurrency, transactions can be processed instantly without intermediaries such as banks or payment processors. This means that players can make deposits and withdrawals quickly and easily without waiting days or weeks for their funds to clear.
Gaming security
In addition to privacy and speed, Monero casinos also offer a high degree of security. Since Monero casino transactions are encrypted and anonymous, there is no identity theft or fraud risk. This is a significant concern for many online gamblers wary of sharing their personal and financial information with third-party sites.
Gamble on slots, blackjack, baccarat, roulette, poker
You will find thousands of games at Gambling Crypt’s recommended XMR best casinos. Play slot games, progressive jackpot games, video poker, wager on card games, keno, lotteries, table games, fair games backed up by the Provably Fair games algorithm, and much more.
New players can typically claim a welcome bonus, a type of first deposit bonus, plus benefit from other perks like Free Spins, cashback, and a VIP program – often without wagering requirements!
Top XMR and BTC crypto casino sites feature customer support and accept both fiat currencies and crypto as a payment method.
User-friendly/buy on Binance
Finally, Monero casinos are also highly accessible and user-friendly. Since it’s a digital currency, players can easily make transactions from anywhere in the world without needing a physical location or traditional banking infrastructure. This makes Monero casinos ideal for players living in countries with strict gambling regulations or simply prefer to gamble online from the comfort of their homes.
Drawbacks and cons of Monero Casinos
Associations with crime
Monero is the ransomware currency of choice for criminals and has harmed the coin’s reputation.
Scam casino crypto sites
Another disadvantage of Monero casinos is the potential for scams and fraud. Because Monero transactions are untraceable, it can be easier for malicious actors to take advantage of unsuspecting players.
This risk is further increased because some Monero casinos are not regulated like traditional online casinos. This lack of oversight can make it difficult for players to seek recourse if they encounter issues with the crypto casino or its operators.
Wager selection can be more limited
In addition to these concerns, some Monero casinos may have limited game selection compared to other online casinos. This is because not all game developers have integrated the coin into their platforms. As a result, players may be limited to a smaller selection of games, which can be a disadvantage for those who want a wider range of options.
Price volatility can affect your wallet
Finally, another significant disadvantage of Monero casinos is the potential for price volatility. Like many cryptocurrencies, the value of Monero can fluctuate rapidly, making it difficult for players to know exactly how much they are betting or winning. This can be particularly problematic for those who are new to cryptocurrency or who are not familiar with the volatility of the market.
What’s the best XMR casino? FortuneJack?
Gambling Crypt recommends BC.Game for XMR gambling. It’s an incredible social crypto casino that accepts tons of coins and has impressive promotions every day and week and regular free crypto giveaways. Wizary is another great option with daily cashback.
Looking for other great crypto casino options? We have Bitcoin crypto casino, Tether crypto casino, Litecoin crypto casino, and many more! And don’t forget to check out the latest crypto casino bonuses.
