Stellar Casinos – Gamble Online with XLM
Stellar is a digital payment-based protocol created by the Stellar Development Foundation (a non-profit organization) in 2017. It is a fork of the Ripple system. Its native currency is Lumen (XLM), which featured a supply of 100 billion when this blockchain came into existence. There is no other mechanism to create Lumen other than inflation, which has a fixed annual rate of 1%.
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What Are Stellar Casinos?
Stellar (XLM)
Stellar casinos are crypto gambling sites that accept XLM (Lumen). The Stellar blockchain is unique because it allows for different cross-border transactions, no matter what currencies and pairs are in play. The low prices of this crypto are what many players find attractive for everyday gambling transactions. Stellar crypto casinos may not be all the rage, but there is still a decent number of these platforms out there. Thus, if this is a coin that tickles your fancy, you have a few options to choose from where to spend your hard-earned XLM.
What Games Can You Play with XLM?
If an online casino features Stellar as a payment option inside its deposit tab, you should be able to play all the games that it offers. It is unlikely that you will encounter any restrictions simply because you are a Stellar user.
XLM Slots
Reel-spinners are the online gambling industry’s cash cows, raking in about 70% of all revenues in this sector. If you have some XLM in your crypto wallet, you will have an opportunity to test your luck at a Steller casino on all the reel-spinning products your chosen platform has to offer. In the past, some regular casinos had crypto-exclusive game sections. However, all the sites listed on BTCGOSU allow for coin-based gambling on all their products.
XLM Live Tables
Live table games have been a reality since 2003. Though, at that time, they were only available to the Asian market. Today, you’d be hard-pressed to find a crypto-gambling platform that does not have a live lobby. Therefore, if you are in the mood for spending XLM while staring a dealer in the eye, do not fret, as that is an option at Stellar gambling sites.
XLM Provably Fair Games
Provably fair products have been the foundation of crypto gambling. At the start, Bitcoin was the only coin that games like crypto dice accepted. Now, all that has changed. Operators allow players to enjoy titles in this genre via multiple cryptos. So, they can bet using XLM on Plinko, hi-lo, crash, dice, and other provably fair products and instantly check the validity of a game’s result.
XLM Sports Betting
Sadly, there are not a ton of Stellar sportsbooks on the internet. That said, you can still find a few quality options. Expect to see the number of such platforms increase as decentralized peer-to-peer wagering is becoming a hot trend. So, gambling operators will want to grow their user bases in whatever way they can, including adding more coin options to their cashier tabs.
What are the Advantages of Using XLM?
Let us dive into the three most crucial benefits of using XLM at crypto gambling sites.
Fast Transfers
XLM transactions require only one network combination, and, on average, they get carried out in less than five seconds.
Low Fees
The base Stellar transaction fee is 0.00001 XLM. At the time of writing, that is $0.000003.
Availability
You can buy XLM at any popular crypto exchange, like eToro, Coinbase, and Kraken. Attaining XLM coins should be a pretty straightforward process.
What are the Drawbacks of Using XLM?
The three main negative aspects of using XLM at Stellar crypto casinos are:
Limited Availability
As mentioned above, when discussing XLM sports betting sites, honestly, there are not that many top-end Stellar casinos around. At least, not yet.
It Is Not Allowed in Some Countries
That is right. Not all regions that accept cryptocurrencies also allow the use of Stellar. For example, the UK does not support XLM. So, you cannot trade XLM for the British pound.
You May Not Be Able to Trade XLM for Other Specific Cryptos
Some countries and exchanges do not allow XLM to ETH and USDC trades. So, please be wary of that.
How to Start Playing Games with XLM
Get a Stellar Lumens Wallet
In our opinion, when it comes to XLM wallets, the best options are Guarda Wallet, Ledger Nano S, Atomic Wallet, Lobster, the Stellar Desktop Client, Stronghold, and StellarTerm.
Purchase XLM
If you have no XLM and have never dabbled with this crypto, know that you can get it at all the established spots. These include Kraken, Binance, Coinbse, Bittrex, Bitfinex, Upbit, and Huobi.
Put XLM in Your Stellar Casino Account
Once you have a crypto wallet with XLM in it, you can open the cashier tab at your chosen Stellar casino and pick XLM as your deposit option. From there, you can enter your desired deposit amount and confirm your transfer. One network confirmation later, your inputted XLM amount should appear in your Staller online casino balance. The transfer should occur in less than a few seconds.
Assessing Stellar Casinos
If you cannot decide what Stellar site to pick from our list above, here are three elements that should help you judge these and other platforms and assist you in making educated decisions.
Simple KYC Requirements
No matter what crypto platform you wish to play at, always ensure that it does not feature a strict KYC procedure. That is an anti-money laundering measure that will involve you supplying your casino with accepting Stellar documentation that proves your identity. After you complete that step, you then have to wait until your chosen site verifies your information. That is a process that can drag out and cause many headaches.
Quality Reviews
Also, ensure that you are playing at a Stellar platform that other players can vouch for, ones that you can trust. You do not want to get tangled up with an operator who utilizes shady practices and looks for ways not to pay up.
Decent Customer Support
24/7 live support is a must these days. Some Stellar casinos will not feature it but know that that is a bad sign, as they have chosen not to invest in proper customer assistance. Email is a suitable support option to have. However, most crypto casinos take hours or days to respond after you have made your email inquiry. Thus, if swift and detailed answers do not land in your inbox or live chat window, that is not good, and it speaks volumes of how much effort such an operator puts into keeping clients happy.
Stellar Casino FAQs
Before depositing with Lumen at Stellar Casinos, be sure to check out our FAQ guide to ensure you understand everything.
Do All Crypto Casinos Accept Stellar?
No. Lumen (XLM) deposits aren’t accepted at all casinos, but there are crypto betting sites out there which this small-scale cryptocurrency is taken onboard. Head to our Stellar casinos section to find applicable sites.
Are XLM Deposits Free from Fees?
Stellar deposits come with what are arguably some of the lowest fees of any cryptocurrency on the net. You can process deposits at Stellar casinos with transaction fees costing as little as $0.000003.
Can I Play Live Dealer Games with Stellar?
Live casino games aren’t truly compatible with XLM deposits right now. However, you can always see your Stellar deposits converted from Lumen into another, more mainstream cryptocurrency for gameplay.
Is It Safe to Wager with Stellar?
XLM has been in the news of late, with issues surrounding whether it is indeed a cryptocurrency or a form of security. Given the outstanding issues with Stellar, we’d say it is not as secure as, say, Bitcoin.
Can I Claim XLM Online Casino Bonuses?
Not likely. While most cryptocurrency casinos permit deposit bonuses and loyalty rewards to be claimed using BTC, ETH, LTC and others, there aren’t many top Stellar casinos that have bonuses and promotions to claim use Lumen.