A Guide to NEM (XEM) Online Casinos 2021

With people always searching for new ways to fund their online casino wallets, many new payment methods have surfaced. One of these is the XEM coin from the ecosystem known as NEM. Read on to discover the top NEM casinos today.

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Casinos That Accept NEM (XEM)

#1
1xBet
100% welcome bonus for new customers
  • Easy XEM deposits accepted
  • 20+ software providers inc. NetEnt & Playtech
  • Good 24/7 live chat support
* more terms & conditions apply
#2
22Bet
100% welcome bonus plus free spins
  • 20+ Cryptocurrencies accepted inc. XEM
  • 1100+ Top slots and table games
  • 20+ Live dealer games
* more terms & conditions apply
#3
Fairspin
100% welcome bonus & free slot spins
  • Lots of crypto options including XEM
  • Superb online and mobile platforms
  • 10+ Developers including NetEnt & Betsoft
* more terms & conditions apply
#4
1xBit
Free spins & no deposit bonus
  • Excellent cryptocurrency casino with 1000s of games
  • 50+ Developers inc. Play‘n GO, iSoftBet, & more
  • VIP Cashback for loyal players
* more terms & conditions apply

What Is NEM?

NEM is short for ‘New Economy Movement’, a digital blockchain that emerged in 2015 that has become more popular since the Bitcoin boom of 2017 and 2018. It is operated by the NEM.io Foundation, based in Singapore.

NEM uses NIS1, a ‘smart asset blockchain’ which lets users create their own smart contracts. The blockchain’s cryptocurrency is called XEM, and transactions are verified using what is known as the Proof of Importance.

A Growing Cryptocurrency

Like most new cryptocurrencies, XEM/NEM has had a volatile journey. The NEM coin price started out at around $0.0001, which spiked at nearly $2 in early 2018 before crashing down to around $0.04. During the pandemic, however, XEM/NEM enjoyed a resurgence.

The beauty of XEM is that it uses a different system from blockchains used for Bitcoin (for example). Investors are rewarded by harvesting coins, rather than using powerful computers to mine them. Moreover, you can use the NEM coin software on smartphones. This makes NEM perfect for crypto gambling projects online.

Positive

  • Cheaper and faster than Bitcoin
  • High market cap among cryptocurrencies
  • Accepted for deposits at NEM casinos online
  • No credit card or e-wallet needed
  • Earn transaction fees when you move XEM online

Negative

  • NEM casinos not widely available in the UK
  • Only traded on a few online exchanges like Coinbase
  • Fees apply when purchasing XEM
  • Highly volatile price
  • Only one online wallet supported

 

What Makes NEM Different?

The volatility of XEM (NEM) aside, the cryptocurrency could become a serious alternative to established assets like BTC and ETH. While Bitcoin uses a proof of work system (POW), which requires a mining computer, XEM (NEM) works differently.

NEM uses Proof of Importance (PoI) which rewards individual investors rather than miners. You can earn transaction fees if you have at least 10,000 XEM stored in your online wallet.

The more transactions you make, the more you make. In essence, the more “important” your account, the more likely it is to make money.

In addition, the NEM network even has its own open-source payment app called NEMPay. NEM users can use the app to transfer their own digital coins using the blockchain.

 

Where Can I Buy XEM?

It’s easy to get started at an NEM casino. First, you’ll need to purchase some XEM gambling currency.

Head to the NEM website to buy XEM coins. You can use one of the online transfer exchanges on the site to do so, such as XanPool, Transak, and PlasmaPay – all trusted and established services.

  1. Select how much you want to buy in GBP, USD, or any one of dozens of fiat currencies.
  2. Work out the conversion based on the current NEM coin price.
  3. Add on the exchange fees.
  4. Press the ‘Buy’ button to complete the transaction. You will receive XEM in your chosen wallet.

 

Types of Wallets for Your NEM Casino Currency

You’ll need a crypto wallet to store your coins in before you start gambling at NEM casinos. The choice of this wallet is up to you to decide, but it’s wise to have a “cold” wallet if you own a lot of XEM cryptocurrency. Alternatively, you can opt for a mobile app or an online wallet with a secure login. Below, we've listed all available wallet types, along with their benefits and disadvantages.

  • Mobile Wallet

A secure mobile cryptocurrency wallet is ideal for funding accounts at NEM gambling sites. You can download an mobile wallet app directly from the App Store or Google Play and use it to store your favourite cryptocurrencies, trade, and send payments.

NEM.io also has its own community-developed crypto wallet called Raccoon, with which you can buy, sell, and store XEM.

  • Web Wallet

Online wallets can be prone to crashes and hacks. However, they are easy to use, and the best sites boast low transaction fees.

Coinbase is the largest and most well-established “hot” crypto wallet. You can buy and sell dozens of cryptocurrencies, including XEM, and use the money to send to your favourite NEM casinos.

  • Desktop Wallet

You can either install a desktop NEM wallet from the NEM website or go for an independent desktop wallet like Exodus.

We prefer the NEM NANO wallet, which works on most operating systems and even lets you send messages. The Trezor Wallet is a little harder to set up, but does boast enhanced security. You’ll also have to pay to download the wallet.

  • Hardware Wallet

Offline “cold storage” is the best way of holding on to your XEM safely. You can store your coins on an external drive and simply transfer them to NEM casinos whenever you plug in the USB.

Not all hardware wallets will support XEM, though, and prices can vary. Trezor and Ledger Nano wallets regularly come out as the best of the bunch.

 

Are NEM Casinos Safe?

NEM allows swift and safe transfers of coins across the gambling blockchain. Furthermore, because the Smart Asset blockchain is decentralised, it’s not controlled by a bank or institution. It’s safe to use, allowing you to securely store NEM casino currency in a cold wallet.

It’s also important to sign up only to legitimate, properly licensed online casinos whose games have been audited to prove they’re safe and fair for for players. You can also rely on your funds being segregated in case of any issues.

At Top 10-Casino Sites, we only rate and recommend the most trustworthy gambling websites. All of our top picks offer amazing games and slots to play for free or real money. In addition, many of the very best online casinos are licensed by respected bodies like the Malta Gaming Authority.

 

NEM Casino Payments

It’s easy to make a safe online NEM casino payment. First, open the cashier tab at one of your favourite NEM online casinos. Next, select XEM from the list of available crypto payment options.

The casino will provide you with a unique wallet address to send your cryptocurrency to. Open your NEM coin wallet and enter the address provided. Hit ‘Submit’ and wait for your digital XEM currency to appear in your account.

Alternatively, you can exchange XEM for Bitcoin and make a deposit at the top cryptocurrency casinos. Great gambling sites that accept Bitcoin let you move BTC instantly from your online or mobile wallet. You can even try out dedicated slots and table games that let you bet in BTC.

Some NEM casinos also let you exchange digital coins for a fiat currency like GBP or EUR. Your digital currency will immediately be converted into the currency of your choice, and you can start playing online slots or casino games.

 

NEM Casino Games

You can use your cryptocurrency to enjoy the best games at NEM casinos. Make an instant deposit and play slots and keno, or top table games like roulette or blackjack at stakes to suit your budget.

However, you may first have to convert XEM for a fiat currency to GBP in order to play games. The casino will do the conversion for you at the current market rates. Then, you can choose slots and table games and set your stakes!

Alternatively, some online casinos have introduced special games that let you play in digital currency. These are currently restricted to BTC, but the range of games is improving all the time.

Crash gambling is a popular crypto game where players guess the best time to cash out their bet before the increasing multiplier ‘crashes'. You can play crash gambling for free on Top10-CasinoSites. 

 

Other Popular Cryptos

NEM casinos also accept a host of alternative cryptocurrencies for deposits. Just use your web or mobile crypto wallet to send digital coins to your casino account.

Other Popular Cryptos

Bitcoin

Bitcoin was the original digital cryptocurrency and launched as a result of the financial crash of 2007-2008. Its creator devised a unique type of decentralised blockchain which couldn’t be tampered with. Every transaction is recorded on the blockchain, and individual bitcoins can be mined by users on their computers.

Bitcoin was the first cryptocurrency to be accepted at online casinos. In fact, new online casinos are joining the digital revolution and starting to accept Bitcoin deposits as well. Check out the best Bitcoin online casinos here.

Litecoin

Litecoin (LTC) launched in 2011 as a copy of Bitcoin. Transaction fees are much lower with LTC, and average transaction times are much faster.

Like Bitcoin, LTC uses a decentralised ledger that logs all transactions made. Additionally, LTC hasn’t experienced the same price volatility experienced by Bitcoin and Ether. Overall, it’s the perfect payment alternative to use at NEM casinos.

You can now make quick crypto deposits at many top Litecoin casinos. Just enter the wallet address and make a deposit in minutes.

Ethereum

Ether (ETH) is the main cryptocurrency that runs on the Ethereum blockchain. ETH is second only to Bitcoin in terms of market cap and popularity, and with some big banks like JP Morgan and Visa interested, it could end up being of the most popular cryptos in the future.

You can now make ETH deposits at the best Ethereum casinos online. Although you need to pay a small ‘gas fee’ when making a transfer, the process is safe, and transactions are totally anonymous.

Ripple

Ripple (XRP) is a cryptocurrency developed by Ripple Labs. Originally, it was set up as an online payment network, but now includes its own currency which works on the blockchain. The Ripple network also supports exchanges of other cryptos like Bitcoin and Ether. Make sure you check our list of the best Ripple online casinos.

Tether

Tether (USDT) are the digital coins used on the Tether network. Known as a ‘stablecoin’, it's less subject to volatile swings in price like Bitcoin.

Stellar

Stellar is a good alternative cryptocurrency to use at casinos and bookmakers that accept Bitcoin. It was built with regular online customers in mind, and offers low-cost transactions. You can also purchase Stellar Lumens (XLM) cheaply at a crypto exchange.

TRON

TRON (TRX) emerged in 2017 as one of the fastest cryptocurrencies. The TRON platform can handle up to 2,000 transactions a second, making it one of the quickest online payment methods around.

EOS

EOS has been attracting interest from crypto investors due to some major backing in the financial industry. It’s a digital token built for the EOSIO platform, which allows game developers to build their own blockchain apps.

 

The NEM Casinos Verdict

Gambling and cryptocurrency now go hand in hand, as online slots players can now send their digital coins instantly and anonymously to their favourite NEM casinos. You never have to use a credit card, and the process is instant.

With lower fees and energy usage, XEM could become the major cryptocurrency used for gambling online. Get started today by signing up to the best NEM casinos online!

 

NEM Casinos FAQs

❓ Is buying XEM legal?

Of course! You can purchase XEM legally through an exchange. Remember that you will need to create an NEM wallet first to store your currency in.

❓ Are NEM casinos safe?

Yes. Regarding our list above, we only recommend the best NEM casinos that have been properly licensed and audited. Personal data must be encrypted, and all online gambling protected by SSL.

❓ Where can I play with XEM?

Only a handful of online casinos accept XEM in 2021. However, you can also convert XEM into Bitcoin or GBP at NEM casinos before gambling online.

❓ What are the best NEM casinos?

The top NEM casinos offer a good selection of games and bonuses for all players. In addition, you will be able to access loyalty programmes which award perks and free cash.

❓ Where can I buy XEM?

You can buy XEM directly from the NEM.io website or by using an approved online exchange like Coinbase or Transak. There may be some processing fees applied.

❓ Are there any fees involved at NEM casinos?

Most online NEM casinos won’t charge a fee when you deposit with XEM. However, you may incur a transaction fee if purchasing XEM online.

❓ How do I deposit with XEM at online casinos?

To deposit NEM (XEM), open your wallet and enter the address to which you’re transferring cryptocurrency. The casino will provide you with a secure wallet address to move the money to.

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