Introduction to Gambling
Gambling is a traditional activity to bet money or any other financial asset on the random outcomes. If the outcome matches with your selected outcome, you win the bet and the stakes put against the bet.
But with traditional gambling, there have been a lot of challenges like anonymity, bulk transactions, location etc.
Online gambling has been a solution to many of the gambling challenges. With the invention of the internet, location is no more an issue and financial transactions are easy to handle. Also more and more gamblers can take part from different locations in gambling activity.
What is Stellar Gambling?
Stellar Lumens has become a popular cryptocurrency in recent years. It was developed by the Stellar Development Foundation. With increasing popularity Stellar is getting famous amongst gamblers as the betting currency. XLM is the currency of Stellar which is being widely accepted as a popular payment method amongst various online casinos.
Working of Stellar Gambling
Because of its faster and simple to use XLM processes, a greater number of people are being encouraged to use Stellar for gambling sports on different cryptocurrency casinos.
The process of gambling with Stellar over online crypto websites is quite simple and straightforward.
- First and foremost, step is to choose a reputable and trustworthy online crypto casino site which you can trust
- Then you would have to sign up or register yourself at the online casino
- Link your web-wallet or account which has Stellar currency with online casino account
In case you don’t already have XLM coins, you can buy Stellar Lumens coins from some of the casinos for gambling purposes
- Create your account with some of the personal details over the casino site
- Check if you are entitled for any welcome bonus. Many gambling websites provide welcome bonus. Claim that and place your first bet
Tips to Enhance your Gambling with Stellar
Since the usage of crypto in gambling is new and hence not many players are comfortable and familiar with ways to improve gambling experience. To overcome this hurdle, simply access the online XLM gambling guide. With this the whole process turns into a cakewalk!
Is Gambling with Stellar Legal & Profitable?
The gambling websites using Stellar currency are almost legal in many countries around the globe. Especially in US, it is safe and legal. The players just must go to a reputed and licensed online portal for betting and gambling games.
Not only this, even the XLM transactions are legally bypassed through the federal banking law of UIGEA.
Benefits of Gambling with Stellar
There are ample benefits of using Stellar for gambling such as,
- Stellar casinos uses provably fair algorithm which provides randomization to provide openness and fairness to the game. Because of this algorithm, these casinos are not required to use any third party (public) ledger for any acknowledgment.
- Low transaction fee because of its proof-of-work algorithm on its decentralized stellar network makes it a unique selling proposition. Hence lowest fee structures are offered by stellar casinos.
- XLM casinos are a good option for gamblers looking for privacy and anonymity in online gambling.
- The XLM casinos are also famous of their low minimum deposits as compared to other traditional online casinos.
- There are some other benefits offered by Stellar gambling in the form of generous bonuses like welcome bonus, free spins, promotions with wonderful gambling experience.
User Experience of Stellar Gambling
Users have been loving stellar gambling experience because of multiple reasons.
- With Stellar’s capability of processing hundreds of transactions in just a few seconds, users enjoy the low fee and faster and cheaper transactions.
- Users get more confident of the secure, reliable and faster deposit and withdrawal process over Stellar blockchain.
- Users enjoy a better payout which is quite fast and instant unlike other traditional banking methods which at times takes 2-3 days to process.
- Sign up or welcome bonusses and VIP programs are another feature with online Stellar casinos which the users cherish a lot. Though there are some requirements to be met before reaping these welcome bonuses etc.
Online gambling though Stellar is a proven seamless and cherishing experience for gamblers. The Stellar platform provides faster transaction speeds along with lowest fee, hence opening a gateway of games for crypto casino to attract and engage the gamblers for long.
The famous XLM enabled gambling website let you easily convert Stellar Lumens to fiat currencies such as USD while gambling. However, to withdraw the winning amounts, the players are required to have a web wallet to deposit XLM winnings safely.
With XLM currency, players are having a satisfied and cherishing experience of gambling online. With growing online crypto gambling space, gambling with Stellar is one lucrative option for online crypto gambling players.