Casino Monero

Monero, the ultra-secret cryptocurrency

Monero is one of the many altcoins, alternatives to bitcoin, that have emerged after the success of the latter. While it doesn’t quite enjoy the success of its illustrious counterpart, it remains a popular cryptocurrency. And for good reason, it has many strong points, the best known of which is its extraordinary confidentiality.

More modestly, the price of Monero, abbreviated XMR, has been hovering around 190 euros since 2020. Yet it has had its ups and downs, down to a few cents in January 2015. That hasn’t stopped it from becoming a must-have cryptocurrency of the moment.

What is Monero

Monero emerged after a hard fork of the Bytecoin cryptocurrency in 2014. In other words, it is the result of a schism after one of its developers suggested improvements incompatible with the original currency. Monero will then focus on respecting the privacy of its users, making Crypto Note, a program guaranteeing this privacy, its cornerstone.

Like many other cryptocurrencies, Monero works with blockchain technology coupled with its own features. It is open-source and is one of the most decentralized networks. It is created by mining.

Monero has more lows than highs. With a start of quotation at 2.2 euros, it drops to almost 30 cents at the end of 2014. It is only around 2017 that it knows a huge jump, to almost 400 euros. Since February 2021, the Monero has been hovering around 150 to 190 euros.

A very high level of privacy

The cornerstone of Monero is its privacy. While bitcoin, the reference currency, is very discreet, it offers some transparency in its transactions. In contrast, Monero is very opaque. Its programs allow to hide all the information related to a transaction, of which the famous CryptoNote is the basis.

To guarantee anonymity, Monero uses a few features. Transactions are made under a circle signature: the real sender is hidden by the other members of the network. The recipient, on the other hand, can remain anonymous thanks to a stealth address and a key system: the Monero are sent to the blockchain, and then the recipient finds them using a unique key. As for the sum transmitted, their amount can also be hidden.

However, these precautions are optional. They can be lifted at any time, for example to gain the trust of an issuer.

Become a Monero coin owner

Like many cryptocurrencies, Monero is acquired in two ways: mining and buying.

• Mining Monero

Unlike Bitcoin or Ethereum, Monero mining is accessible to almost anyone with a recent desktop computer. There is no need for overpowering hardware, Monero has taken care of that. The RandomX program prevents the use of ASIC-based hardware, a feature that allows for very high computing power, but favors a small group of miners.

To mine, all you need is a mining software. Once the mining is linked to a wallet, the rewards are paid directly into it. While the gains may be steady, they are not substantial. To be safe, novices can start by relying on the user guide provided by Monero on its official website.

• Buy or invest

A Monero can be split up to its twelfth decimal place. This minimum unit is called piconero. This is the smallest unit you can buy. All you have to do is go to specialized platforms such as Binance or Kraken. They allow you to buy Monero, or invest in it. However, you have to pay attention to the specificities of the platforms and yours: exchangeable currencies, transaction fees, accepted payment methods.

What you can buy with Monero

As a cryptocurrency, Monero is intended for online payments. While bitcoin is already accepted by local merchants in major cities, Monero is not. The secrecy of its transactions has earned it a bad reputation that a growing number of users cannot shake off. Its opacity can encourage criminal activity.

As a matter of online transactions, Monero coins can be used to buy other cryptocurrencies like bitcoin or Ether. More and more e-commerce sites are also accepting it as a payment currency. It is also possible to pay for online services with Monero (website hosting fees, various subscriptions, online games).

Which Monero Casino to choose?

There are online casinos that accept cryptocurrencies, but do not accept withdrawal. Here we highlight the“Pure Crypto Casino” which accepts payment and withdrawal anonymously. In addition, the security of the crypto currency gives the casino the possibility to pay the player in a few minutes, a record time, hence the interest of Dogecoin Casinos!

---

---

---

---

---

---

What to remember about Monero

Monero is a cryptocurrency that has more advantages than disadvantages.

• A blockchain technology: Monero works with a blockchain system. Lousy currency, its blocks are integrated every 2 minutes. The number of possible Monero is unlimited.
• Anonymous transactions: Monero guarantees the anonymity of three main elements, namely the sender, the recipient and the amount of the sum. Of course, a user can always lift their anonymity.
• Accessible mining : mining coins is possible with a recent standard computer. Monero goes through the processor or the graphics card and requires some space on the hard drive. It even blocks machines under ASIC.
• A modest and volatile quote : in February 2021, the Monero quote varies between 150 and 200 euros. During its history, it has oscillated a lot: 38 cents (end of 2014), 8 euros (August 2016), about 300 euros (December 2017) or even 41 euros (2019).

While not as strong as Bitcoin or Ethereum, Monero is a cryptocurrency that is already a must-have, and there are more and more opportunities to play at a Monero casino.

🙋 Frequently Asked Questions “Casino Monero