Stellar Casinos 2024
Stellar Facts | |
Company: | Stellar Development Foundation |
---|---|
Founded in: | 2014 |
Headquarters: | San Francisco, California, United States |
CEO: | Jed McCaleb & Joyce Kim |
Website: | stellar.org |
Available in: | over 100 countries |
E-Mail: | [email protected] |
Best Stellar Casino: | Cloudbet Casino |
In the world of cryptocurrencies, there have been lots of altcoins emerging to take a lead in the landscape. Among the growing leaders are Stellar, otherwise known as XLM. For those looking into this coin, we'll talk about what's special about Stellar and whether it's a good coin for crypto gambling purposes.
To begin with, Stellar comes with the full credentials of a decentralized cryptocurrency. It was born out of a fork from Ripple in 2014 and was founded by Jed McCaleb, who was CTO of Ripple until 2013. McCaleb himself has had an illustrious tech career, and had previously built the Mt.Gox Bitcoin exchange, the P2P Overnet and eDonkey networks, as well as the eDonkey 2000 application.
Stellar is actually the network, while the token is called a Lumen. The Stellar project as a whole sees itself as a payment network that enables fast and secure payments between banks and between individuals across borders, with near instant transactions with low fees. This is one of the reasons why many people have been picking up on Stellar lately, although on the crypto casino front, it is not the most widely accepted coin for now.
Contents
- Best Stellar Casinos 2024
- What is Stellar XLM about?
- Stellar XLM Developments
- How to Buy Stellar Lumens Token
- Using XLM at a Crypto Casino
- Stellar Casinos Pros and Cons
- Stellar No limit Gambling
- What kind of Stellar XLM Casino games are there?
- Tips for gambling with Stellar
- Stellar coin alternatives
- Stellar Casinos FAQ
- The Expert Conclusion on Stellar
Best Stellar Casinos 2024
As you might have noticed, the list of XLM casinos is not particularly long. For now, the most widely accepted coins at crypto casinos remain Bitcoin, Ethereum and Litecoin. And while Stellar and Ripple share many similarities, you'll have an easier time finding Ripple casinos.
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What is Stellar XLM about?
The main difference is that Ripple was designed as a payment method between banking institutions in mind, while Stellar has a much larger vision of challenging the traditional way of financial transactions and even in working for the unbanked. With this in mind, you can see why Stellar was really designed to be fast, as near instant as possible, and with very low network fees.
Stellar also sports a high level of security, with the minimum transaction starting at 1 XLM. This is a feature that prevents hacking attacks, as hackers often withdraw micro amounts that are unnoticeable but add up to significant sums in the long run.
Stellar XLM Developments
Since launching Stellar in 2014, Jed McCaleb has led it to large developments. In 2017, he also launched Lightyear.io to help Stellar become a global payments network, with particular attention in developing countries.
In the same year, Lightyear and IBM launched a blockchain for the South Pacific region that uses Lumen, Stellar's currency. With his visionary approach, McCaleb has been named as one of the top 10 people in the blockchain revolution by the New York Times.
How to Buy Stellar Lumens Token
If you're thinking of getting into Stellar XLM, you will have to buy Lumens at a crypto exchange. If you are completely new to cryptocurrency, don't worry. It's pretty easy and we have some step by step instructions for you below.
- Choose a crypto wallet and sign up for an account.
- Make a deposit in dollars, Euros, or whatever currency you are using.
- Decide how many Stellar Lumens XLM you want to buy.
- Complete transaction.
Alternatively, and similar to the Dash coin, Stellar has its own wallet, called LOBSTR. It's an app available for iOS, Android as well as for web. Through it, you can use it to buy or sell different cryptocurrencies, including Stellar Lumens of course.
From a pure gambling perspective, casinos that accept Stellar will typically also have a payment gateway that lets you buy Stellar Lumens on their site with a credit card.
Using XLM at a Crypto Casino
So now you got yourself some Stellar Lumens and you're ready to roll. Here are some easy steps to start gambling at an XLM casino.
- Find a crypto casino that accepts Stellar XLM
- Register for an account and log in
- Go to the casino's banking section and select Deposit
- From the payment options available, select XLM
- Enter how much XLM you want to deposit
- The site will display a QR code and an address. You can scan the QR code with your wallet's app, or copy and paste the address into your wallet.
- A memo code is also generated. Enter the code into your wallet as well.
- Follow instructions on your app to complete transaction.
Stellar Casinos Pros and Cons
- What advantages are there to gambling with Stellar?
- What disadvantages are there to gambling with Stellar?
What advantages are there to gambling with Stellar?
Crypto casinos are famous for their no limit gambling and near instant cashout. Gambling with Stellar will give you these advantages. You will also enjoy some of the extra features that Stellar XLM comes with.
Pros to Stellar XLM
- Fast transactions, usually confirmed in 3 to 5 seconds
- Very low transaction fees as built to include developing countries
- Dedicated Stellar wallet gives you complete control
What disadvantages are there to gambling with Stellar?
In terms of gambling with Stellar, there is mainly just one issue, which you might have already noticed:
- Few gambling sites accept Stellar
Stellar No limit Gambling
On the other end of things, that is maximum limits, there are none. It's one of the key advantages crypto casinos have over traditional online casinos.
What kind of Stellar XLM Casino games are there?
Once you're in a casino that banks with Stellar XLM, everything that the site has to offer is open to you. The Stellar casinos listed on this page are known for their huge choice of games, so even though there aren't a lot of XLM casinos you still have lots to play with. This includes:
➞ Slots and jackpots | ➞ Live dealers and game shows | ➞ Card games |
➞ Crypto arcade games | ➞ Roulette | ➞ Sports betting |
Tips for gambling with Stellar
Maintaining an exchange rate and low prices accessible to all, Stellar is a really flexible cryptocurrency. To get the most out of gambling with Stellar, do consider the following.
- Buy Stellar from a crypto wallet
- Shop around for a crypto wallet that works for you
- Look for XLM casino bonuses
- Deposit and cashout using Stellar, avoiding Cross Chain Deposits
Many crypto casinos operate a Moonpay gateway so you can buy cryptocurrency directly from their site, and this is really great if you're new and don't have any cryptocurrency on hand. However, we do suggest going with a crypto wallet because it gives you more control over when and what price you can buy Stellar at.
Stellar coin alternatives
While Stellar XLM has a lot of potential, there's no getting around the fact that the number of casinos that accept the coin remains limited at the moment. If you want to have access to as many casinos as possible, it's worth considering an alternative to Stellar.
Litecoin is very widely accepted for gambling. And while Ripple isn't nearly as widespread, there are still a good number of casinos that accept it. Of course, Bitcoin and Ethereum are the most well-known and will give you the greatest number of options.
Stellar Casinos FAQ
- Are there XLM casino bonuses?
- Are Stellar casinos safe?
- What's the difference between Stellar and Ripple?
- Can Stellar be staked?
1.) Are there XLM casino bonuses?
Don't be discouraged if you don't see any XLM offers advertised. Most crypto casinos list their bonuses in BTC for convenience's sake just because that's the best known crypto. You can usually still claim the offer when you're depositing in another coin that the site accepts. That means that yes, there are XLM casino bonuses.
Back to FAQ2.) Are Stellar casinos safe?
The cryptocurrency itself is perfectly secure. The question as to whether a Stellar casino is safe or not always depends on the casino operator in question.
3.) What's the difference between Stellar and Ripple?
Stellar is a fork from Ripple, and its goal is to be a payment method for individuals and to serve as many people as possible.
4.) Can Stellar be staked?
Several cryptocurrencies let you earn more coin through staking, but Stellar isn't technically one of them. However, you can earn more XLM coins through lending pool projects where you can earn interest. Some wallets have interest savings account. Both are ways to earn XLM coins passively.
Although technically different, this is very similar to staking, where you earn interest from locking up your crypto assets for a certain amount of time, but the key difference is that staking locks up your asset so they participate in the Proof of Stake (POS) process to maintain the health of the blockchain system.
Back to FAQThe Expert Conclusion on Stellar
Stellar XLM is a rising altcoin. Although there is only a limited number of crypto casinos that bank with Stellar for now, they are all first class.