Stellar

Stellar Casinos 2021 in test

In early 2014, file sharing network “eDonkey” founder and co-founder, Jed McCaleb, of the now closed Bitcoin exchange MT. Goxdared to fork (hard fork) the Stellar Lumens from the Ripple protocol. Soon after, he and his co-founder Joyce Kim developed their own protocol for the cryptocurrency. Until 2015, Stellar was also referred to as Ripple’s little sister due to its identical network protocol.

A non-profit foundation is behind the Stellar project. This works with its own processes, also called Stellar Consensus Protocol. Unlike many cryptos, neither proof-of-work nor proof-of-stake is used here.

The high level of security is particularly crucial for playing at Stellar Casino. Since Stellar is a decentralized cryptocurrency 🪙, no local financial authorities have insight into the transactions conducted with XLM.

Especially the favorable conditions, including very low network transaction fees, make Stellar Lumens interesting for casino customers as well. However, so far, customers only have the option to deposit and withdraw with Stellar tokens in a few crypto casinos.

Good to know: The Stellar network also referred to its tokens as Stellar until a few years ago. Today, however, you can find the abbreviation XLM in the crypto scene and in selected casinos, which stands for Stellar Lumen. Stellar is therefore the correct name for the blockchain. Lumen, on the other hand, is the currency offered for trading .

The above offers & bonuses were last reviewed by us on November 18, 2021. We test the casinos continuously & perform updates. Despite regular checks, there may be occasional short-term deviations.

We would be happy to provide a significantly longer list here, but Stellar has not yet asserted itself in online gambling against better-known cryptocurrencies such as Bitcoin and Ethereum – even if XLM is not at all dissimilar to Ripple Coin (XRP), which is now accepted in many crypto casinos.

What’s behind Stellar

Stellar, as already noted, is not the cryptocurrency, but the network of Lumen Coins. The tokens are distributed through the Stellar network and are used for payment as well as trading, just like any other digital currency. Stellar Lumens are not real money, but serve as a bridge between different real money currencies. Namely, the token can be bought and sent with numerous fiat currencies.

A decisive advantage of the coin is that transactions are usually only permitted from 1 XLM. This avoids the danger of spam attacks in the Stellar network. The reason for the higher protection is that hackers usually only withdraw very small amounts 💶 in order to avoid attracting attention. The mini transactions do not attract direct attention, so that it is ultimately possible for the fraudsters to profit in the long run. However, this is exactly what is no longer so easily possible when a minimum amount of the aforementioned 1 XLM is required.

Ultimately, casino players at Stellar Casino benefit from this as well as the fact that deposits and withdrawals in XLM currency are super fast.

For all those who want to play in Lumen casinos, an important note right away: Stellar is not a network that allows mining. If you want to play in a crypto casino and have chosen the XLM currency, which is currently still quite cheap, you can buy it on common exchanges, but you cannot mine it like BTC or Dashcoin.

Goals of the own Stellar Lumen network

Behind the Lumen token, or XLM for short, is the Stellar Development Foundation, founded in 2014 in the US state of Delaware, whose main person in charge, Jed McCaleb, has already gained a lot of experience in the field of crypto blockchains. Before the birth of Stellar, he was co-responsible for Ripple, among others.

Since October 2017, tech industry giant IBM has joined the Stellar network. Both sides have a stated ambition to take blockchain technology as it is known today to a new level. Plans for the future include an all-in-one platform that will make it possible to trade not only Lumens or other cryptos 🪙, but also any fiat currency.

Buy Stellar – this is how it works

In order to play at XLM Casino, Lumens should be bought first, of course. Just like BTC and numerous alternative cryptos, this token is now available almost everywhere. To stock up on Stellar tokens, you just need to follow a few simple steps.

• Select preferred wallet
• Create a customer account
• Make a deposit in real money currency or with other cryptos
• Pick out desired number of Stellar Lumens
• Complete the exchange

Interesting: there is an option to perform quick receptions and quick sends. These are protected by the phrase words that are already set during the registration process. Only with the correct input is it possible to access the wallet account. You have to remember the words so precisely because they are not freely selectable, but are generated automatically. The provider points out that at best no screenshot of the phrase is made, but that one should note down the words in correct order in a safe place.

Deposit with Stellar Lumens at the casino

• Choose Stellar XLM Casino
• Create account and log in
• Set XLM in cashier
• Type generated deposit address in own wallet
• Alternatively: Scan QR Code

It is important that in addition to the deposit address, the Stellar Memo Code must also be typed in correctly. This additionally secures the transaction and is only valid once. So if a new deposit is planned at the preferred Stellar Casino, a new Memo Code will apply. The casino provides this together with the wallet address.

XLM bookings therefore work similarly simply as the deposit of more well-known cryptocurrencies. The transaction speed is just as convenient for casino customers as the fact that – compared to BTC or ETH – even more manageable fees are incurred. These are deducted directly during the transaction by the wallet provider 🚀. The Stellar Lumens casinos we know of do not charge any additional fees for deposits and withdrawals.

Buying Stellar – fast and secure on crypto exchanges

Similar to Dashcoin, there is a dedicated Stellar Lumens exchange called LOBSTR. It is focused on buying and selling Lumens, but at the same time it follows the plan to develop the “Internet of Money” with Stellar. That is, if the visions can be put into practice, real money and crypto markets would merge in the future via the wallet.

Those who only want to get gaming capital for the crypto casino when buying XLM tokens can also conveniently exchange their Euros for Lumens at the following exchanges:

Fairspin allows customers to buy Stellar tokens through one of its cooperating service providers that are independent of the casino, Moonpay or else Localbitcoins.com. Interestingly, while buying cryptos is also possible in principle at BC.Game, XLM is currently missing among all the tokens.

Advantages & Disadvantages of Stellar Casinos

Advantages & disadvantages of Stellar Casinos

Quite apart from the fact that Stellar Lumens are considered to be a particularly secure and quick-to-transfer cryptocurrency, they were primarily developed to enable the poor part of the world’s population to enter the digital financial system. One could also say that Stellar sees itself as a “do-gooder” among digital assets. What remains to be clarified are the advantages for all those who primarily use the token for playing 🎰 in crypto casinos.

Stellar Coin advantages for casino customers:

• Super-fast transactions
• Very low fees
• High competitiveness due to fair conditions
• Currency exchange possible at any time
• Secure management with own wallet

What are the disadvantages with Stellar Casinos?

The positive aspects of the Ripple (XRP) fork clearly outweigh the disadvantages – not least in the context of crypto gaming. The proprietary protocol enables money transactions that work as simply as sending emails. Everything runs digitally and decentrally, with the protection of the lumen always being the top priority.

The biggest drawback is therefore:

• Accepted by only a few crypto casinos so far.

Among the few crypto casinos reviewed by our experts, it is true for both deposits and withdrawals with Stellar that there is no cap on either the transaction itself or the welcome 🎁 bonus.

Players who are not yet in possession of XLM tokens can purchase them, for example, at Fairspin via the independent wallet partners Moonpay or LocalBitcoins. If this is not possible, the purchase must be made via one of the popular exchanges, which involves additional time even before the game starts at the preferred crypto casino.

Special features of the Stellar Coin

Stellar tokens are now called Lumens, and they differ from common cryptos in several ways. It already starts with the fact that the XLM sees itself as a bridge between other arbitrary currencies – no matter whether crypto or real money. The vision is to be able to replace the SWIFT procedure, which has been internationally valid to date. Until that happens, however, the world will certainly need some time to adjust to the innovation behind the Stellar Blockchain.

Basically, Stellar Lumens is structured in the same way as the better-known Ripple. However, the company uses its own consensus mechanism, which aims to bring poorer countries in particular on board and offer people there a perspective. The only requirement for using the blockchain is an Internet connection and a computer 💻. The Stellar platform can be accessed by anyone, although a high degree of personal responsibility is required when buying and trading. In return, the network makes it easier than ever for its users to trade cryptos.

In addition to tech label IBM, Canada-based real estate giant Vonovia is also expected to settle a debt issue via the Stellar Lumens blockchain in 2021. The placement of the shares will be carried out as an alternative to the otherwise usual global certificates. This means that Stellar may soon win over a new major corporation.

Moreover, special:

• There is no mining function
• Companies like IBM and Vonovia belong to the network
• Transaction times are minimal
• Payment possible across borders (could replace SWIFT)
• High scalability with about 1,000 transactions per second
• Decentralized distribution
• Accidental transactions can be frozen

The freezing function is interesting, because: If a deposit has been made by mistake, Stellar Lumens can be frozen and subsequently returned to the sender. Especially for transactions whose amount was unintentional, this feature offers more security for casino customers 🧔.

Serious and safe playing with XLM Coins – that’s what matters

The Stellar platform is very transparent. On the company’s website, it is clearly shown how the currently around 50 billion Lumens in circulation are distributed. 50 billion because the Foundation actually deliberately destroyed half of the initially created XLM tokens in November 2019. Such a “coin burn” is nothing unusual in the industry, in this case it goes down as a historic milestone in Stellar Token history.

There are still more than enough free coins left that can be purchased to play at Stellar Casino. Since these are providers without deposit, loss and play time limits, a high degree of personal responsibility is basically required when using the portfolio.

It makes sense for players to think in good time about how much budget is available and where their own “pain threshold” lies, should a streak of bad luck actually occur. XLM casinos can be described as safe, as they usually have a Curacao license and are thus subject to strict guidelines regarding fairness, transparency and, last but not least, player protection.

Are there payment limits in XLM Casinos?

The lower limit is hardly worth mentioning, as at Fairspin Casino, for example, it is just the equivalent of 3 euro cents for Stellar deposits. BC.Game does not specify a lower limit for deposits at all, while the minimum withdrawal is set at 50 XLM.

Considering that one XLM is worth about 33 cents (as of October 19, 2021), even BC.Game casino payouts can be said to have a lower limit that is hardly significant. Upwards, the two aforementioned Stellar Casinos do not set any limits – neither for the deposit nor for the payout of winnings.

These games are available for selection at Stellar Casino

In the meantime, casinos are no longer just a place to go for all those who have a desire for modern as well as thematically varied slot machines. Especially the Stellar Lumen casinos reviewed by us stand out because they are real “all-rounders” in terms of portfolio. In addition to slots 🎰 and roulette, there is a huge range of sports betting to discover at Fairspin, for example.

Popular XLM Casino sections:

• Buy Bonus Jackpot Games Tournament Games
• Slots Card Games Roulette
• Live Gaming Virtual Sports / E-Sports Live Betting

At BC.Game, customers have recently started benefiting from Provably fair games – mini games that specialize in the use of cryptocurrencies and are proven to be fair in the process.MoreLess

Tips & tricks for paying with Stellar Lumen

Once the decision has been made to use the XLM token as a casino payment method, a suitable provider is of course needed. As far as the selection is concerned, a quick decision should be made. After all, the coin is not yet as widespread as Bitcoin, Ethereum or Litecoin – to name just the most well-known ones.

• Perform XLM bonus comparison
• Check wallets for fees and conditions
• If investments are in demand, register with LOBSTR if necessary
• Buy Stellar early, as the rate is low
• If desired, buy XLM directly in the casino via Moonpay

When it comes to payment speed, Stellar Lumens can easily compete with altcoins. To complete the deposit at Stellar Casino, it only takes a few seconds. What is also advantageous is that customers benefit from unbeatably low fees with this cryptocurrency 🪙. As far as these are concerned, not even Bitcoin or even Ethereum can keep up.

It is not possible to predict to what extent XLM tokens will establish themselves in the gaming industry in the future. Nevertheless, we believe that it is worth watching the currency especially in the context of its current price as well as the potentially attractive further development.

Stellar Alternatives

For pure casino players, the XLM Coin is not too significant at the moment – which does not mean that this cannot change in the future. Until more crypto casinos accept Stellar tokens, the best thing to do is to look into alternative currencies. The advantage here is that the acceptance in the industry is already much larger. Accordingly, the selection of casinos is attractive. Options are:

With all alternative tokens, various aspects can be included in the decision – first and foremost the network transaction fees. As already noted, the transaction of the XLM is unbeatably cheap. However, if you compare cryptocurrencies and wallets at the same time, you can definitely save a lot of money 💰 in the long run even with the aforementioned alternatives.

Stellar Casino FAQ

Stellar Lumens are not the most prominent of digital coins. This makes it all the more likely that questions will arise on the topic of XLM – be it about the casino offer, the similarities with Ripple or even special bonus promotions around Stellar.

Is Stellar the same as Ripple?

While Stellar Lumens developer Jed McCaleb comes from the Ripple development team, after the spin-off, the protocol of the Stellar network has changed significantly. So to make a long story short, Ripple and Stellar Lumens are no longer identical today, but until 2017, both tokens were actually based on the same protocol.

There are definitely similarities, as both tokens want to be simple, fast and cheap at the same time. Stellar, as a network, additionally strives to ensure a simple payment structure that finds a similarly simple and effective setting as, for example, the prominent wallet provider PayPal.

Are there casinos with XLM bonuses?

Indeed, there are. Both Fairspin and BC.Game pay out the welcome bonus without a cap – and regardless of which of the accepted crypto coins is used for the deposit.

Thus, if the deposit is made in XLM, the corresponding percentage bonus is calculated from this. At Fairspin, this is converted into US dollars or euros, while BC.Game shows the bonus amount in the corresponding cryptocurrency.

The fact that no limits are specified is a clear advantage. After all, the Stellar Lumens token currently still has a low equivalent value. If you still want to benefit from solid bonuses, you always have the option to invest larger coin sums in the well-known XLM Casino.

Which casinos accept Stellar Lumens?

Currently, our editors are aware of only a few companies in the industry that allow deposits with XLM tokens, also known as Lumens. The likelihood of the Stellar network gaining wider acceptance in the future is definitely there. After all, Stellar allied with IBM, also known as Big Blue, in 2017. The tech company wants to work with Stellar on an all-in-one platform. This could also be of interest for casinos.

Those who already own Lumens and want to use them for gaming already have the opportunity to do so, for example, at BC.Game Casino and Fairspin.io. Among many other digital assets, XLM Tokens are an accepted digital currency that takes only a few minutes ⏱ to deposit.

For whom are XLM casinos worthwhile?

Regardless of whether you want to invest in cryptocurrencies in general or just use coins to play in crypto casinos, Stellar Lumens is made for small investors. Currently, the price is still quite low, so the purchase is particularly suitable for those who do not want to deposit too much money into the casino, but prefer to take it easy.

The coin can still be found in few crypto casinos, but deposits and withdrawals are accepted there without limits.

The advantage of this is that you do not necessarily have to own a lot of Stellar Lumens to get started. Even small investments can be enough.

How long does the Stellar deposit take in the casino?

In principle, the crediting should be completed within a few minutes, even with Stellar Lumens. However, if tokens have to be acquired first, the deposit to the preferred Stellar casino can of course be delayed accordingly. It therefore makes sense to “stock up” on the currency in good time, which is possible via the in-house Stellar network, but also via well-known crypto exchanges.

Like all digital currencies, XLM is also associated with low fees, provided that one decides to buy via exchanges or crypto marketplaces. In addition to the payment speed, these costs should also be compared, because if you look closely, you can save a lot of Stellar credits in the long run. Between 0.1 and 0.26 percent are common as network transaction fees.

Conclusion about Stellar Casinos

Slowly but surely, Stellar Lumens are making their way into the crypto casino industry as an alternative to Bitcoin, Ethereum & Co. The first providers have already taken up the token. All the more exciting to look into the specifics of the digital, innovative currency. The very fact that large corporations are cooperating with Stellar – first and foremost IBM – is interesting.

With growing interest in many industries, Stellar could not only gain momentum in terms of market value, but possibly also become of greater importance in more and more crypto casinos. Due to its strength, the XLM has enormous potential to stand up to its competitor, Ripple, above all else.

The biggest plus: Stellar Lumens are not only reserved for big investors, but are perfectly suitable for everyone. This also applies to the use in online gambling. After all, you can get in on the action even with small amounts.