The Best Stellar Casinos with Bonus 2022
Stellar Lumens (or ‘Stellar' for short) is a relatively new and innovative cryptocurrency. It was specifically designed to make worldwide money transfers and exchange easier, making it highly advantageous for online gambling. Stellar is a very safe, fast, user-friendly, and cheap payment method. If you want to learn which online casinos support Stellar as their payment method, you have come to the right place!
The Best Stellar Casinos in 2022
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What Is Stellar?
Stellar Lumens (XLM) is a digital currency designed specifically for peer-to-peer cross-border transfers. Like most altcoins, XLM is an open-source, decentralised blockchain protocol. It is important to understand that Stellar is a system for currency exchange, while Lumens are a built-in token created for this system to function – hence the name ‘Stellar Lumens'. What makes this network stand out is the fact that there is a fixed amount of Lumens, meaning that they are not mined or awarded by the protocol.
The History of Stellar
Stellar Lumens was launched in 2015. It was developed by Jed McCaleb, a co-founder of Ripple (XRP), David Mazieres, and Joyce Kim. By the end of the first year, this novel network was able to acquire around 3 million users. In 2019, XLM carried out a controversial burning of outstanding Lumens. The overall number of Lumens in circulation was reduced to 50 billion, which logically induced a price jump, but soon stabilised. The lead developers have declared that, in order to stabilise the market, no more Lumens will be produced.
How Stellar Lumens Work
As mentioned earlier, Stellar Lumens is a protocol based on a blockchain network, developed for digital representation of any currency. For example, imagine a situation where you need to transfer $100,000 to a person in another country, but unfortunately, none of the banks are capable of completing this transaction. That’s where Lumens come in. You can instead transfer $100,000 worth of Lumens to that person, and then they will be able to convert Lumens into the needed currency. In this transaction, no banks were involved, therefore no fees were taken, thus speeding up whole process.
How to Play at XLM Casinos
Playing at XLM casinos is simple. First, of course, you need to buy some Stellar. Afterwards, find a casino that accepts XLM payments and deposit your funds. Below is a detailed overview:
How to Buy Stellar
Stellar Lumens is available on all major cryptocurrency exchange platforms. Some of the top exchange platforms that offer Lumens (XLM) are Coinbase, Kraken, and Binance. All you need to do is choose your preferred crypto exchange, register, deposit some funds and buy XLM.
How to Deposit at Stellar Casinos
Cryptocurrency is far exceeding our expectations, making all online transactions easier. Depositing using Stellar couldn’t be easier, and pretty much works the same way as what you’re used to with traditional banking methods. All you’ll need is a crypto wallet to get started!
- First, you will have to choose a casino that supports payment via Stellar. If you're not sure where to start, refer to our list of sites at the beginning of this article.
- After registering at your chosen casino, simply go to the ‘Deposit Methods' section within your account and choose Stellar Lumens.
- Copy the site’s Stellar wallet address.
- Enter your Stellar wallet, paste the casino wallet address and select your desired amount.
- After that, confirm the transaction and your funds will be transferred.
How to Withdraw at Stellar Casinos
Don’t forget that cryptocurrency is very volatile, so it’s worth bearing in mind that while you may lose money while gambling, you may also lose money due to market value. This is something to remain aware of when it comes to withdrawing cryptocurrency from a casino.
- Log in to your casino account
- Choose Stellar as your withdrawal option.
- Paste your Stellar wallet address.
- Choose your desired amount of money and confirm the transaction.
XLM Casino Pros
Using Stellar Lumens as your payment method will certainly benefit you in many ways. Below is a detailed breakdown of advantages that you can enjoy while using XLM.
As with most cryptocurrencies, Stellar Lumens will provide you with a fully anonymous and private payment method. The blockchain network will protect your data and obscure the transaction's origin and destination.
Transferring your funds using Stellar is almost instant, as there are no third parties involved. All of your deposits will be transferred right away, as well as withdrawals.
Stellar Lumens is based on a blockchain network, which is practically impossible to hack. Therefore, you can rest assured that all of your funds will remain safe and well-protected by this security system.
Using Stellar Lumens as your payment method is extremely simple. All you need to do is open an XLM wallet and deposit your funds using the casino’s XLM address. To withdraw your funds, simply send them to your XLM address.
No Deposit or Withdrawal Fees at Online Casinos
As mentioned previously, online casinos will never charge fees for withdrawals via XLM (or any other crypto for that matter). This makes it a highly cost-effective solution and will save you a lot of money.
Low Transaction Fees
Stellar network has a very low transaction fee of around 0.00001 lumens. If XLM gets to $1,000, the transaction fee will only cost you 1 penny.
XLM Casino Cons
As with any payment method, there are a few drawbacks of using XLM. Even though the advantages outweigh its disadvantages, it is still important to keep in mind any potential downsides that might come with choosing Stellar as your payment method.
Few Stellar Casinos
One of the main disadvantages is a lack of Stellar support by casinos. It is not a mainstream crypto yet; therefore, casinos are more likely to support crypto giants such as Bitcoin instead.
Stellar Casinos Are Sometimes Blocked
Stellar casinos are likely to be blocked in countries where cryptocurrencies have illegal status, or where gambling is regulated. Therefore, if you have funds at a certain casino, you can lose them once or if it gets blocked.
Small Wallet Fees
The previously mentioned crypto wallets will take a small fee when sending or exchanging tokens. This fee is usually not more than $3; however, it is still something to keep in mind.
- Private transactions
- Very fast
- No deposit or withdrawal fees at online casinos
- Low transaction fees
- Few Stellar casinos available
- Stellar casinos are sometimes blocked
- Small wallet fees
What Games Can You Play at Stellar Casinos?
Using Stellar Lumens will not limit your choice of casino games. All online casinos that support Stellar will offer all of the classics, including bingo, blackjack, roulette, and slots. Casinos that cater specifically to cryptos may also offer exclusive crypto-only games. For example, on 1xBit, not only can you bet on sports or play casino games, but there are also unique crypto-only games, such as the lucky wheel and five-dice poker that are designed specifically for cryptos.
Alternatives to Stellar
If your casino of choice does not support Stellar Lumens as a payment method, there is no reason to worry. There are plenty of alternative payment methods which will allow for secure and quick transactions, such as other cryptos, e-wallets, instant banking services, prepaid cards, and credit cards.
Stellar vs Bitcoin vs Other Cryptos
What makes Stellar stand out from other cryptos is its versatility. For example, Bitcoin was created with the purpose to serve as a new currency, while Ethereum was launched to provide developers with a platform that can power decentralised apps and run smart contracts. Stellar Lumens was created to serve all of these purposes. It can act as a currency for worldwide transfers, and it can also help developers create decentralised systems. Therefore, it is a nice combination of both worlds.
Stellar Casinos Summary
To sum up, it is fair to say that Stellar Lumens is a great payment method to use at online casinos. It offers a very safe, simple, and quick way of transferring funds. However, it is important to keep in mind that few websites will support it. If this puts you off, it may be better to opt for a more commonly used crypto like ETH or BTC, or use an e-wallet instead for fast casino transactions.
Stellar Lumens will not limit your casino game choice. You will be able to play casino games such as bingo, blackjack, roulette, and slots.
As long as the casino in question has a gambling licence, and your region does not strictly prohibit online gambling, then yes, Stellar casinos are perfectly legal.
Stellar Lumens (XLM) is a digital currency designed specifically for peer-to-peer cross-border transfers. Like most altcoins, XLM is an open-source, decentralised blockchain protocol.
Casinos may not offer bonuses for Stellar deposits specifically, but they may offer bonuses for crypto deposits in general.
No, XLM casinos won’t charge a fee, as all crypto withdrawals are processed without any commission.
Stellar is known for its quick transaction speeds. Withdrawals using Stellar are likely to be almost instant.
It is hard to say that one is better than another from a technical point of view. Both are very secure and fast payment methods. However, Bitcoin is much more popular, therefore more online casinos will support it.
You can use alternative payment methods such as e-wallets, instant banking, credit cards, or prepaid cards.
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