Pros & cons of Stellar gambling + where to start

1. Go to the withdrawal section.

Like with any other online casino, you’ll need to go to the withdrawal section to transfer money to your personal account. On BC.Game, you have to navigate to the top-right part of the page and click on your profile icon, then click on “Withdraw”.

When you land on the withdrawal page, you’ll see that there are a couple of fields where you have to enter certain info and details.

2. Choose XLM coin and network.

Simply choose the XLM coin as your currency, select the Stellar network as the fee is 0.0001 XLM. If you go with the BEP20, the fee would be 1.180586 XLM, which is not that much but is certainly higher than the Stellar network fee.

The difference between these two networks is also noticeable in the process of withdrawing. For the Stellar network, you have to use the memo as well. This means that you’ll have to enter a specific code (memo) when withdrawing - it’s nothing complicated, though.

3. Input correct address and memo.

For this part, you’ll have to use your XLM address from your wallet, and the memo given by the platform (Binance in this case). Simply navigate to your wallet and select ‘’deposit’’ as you’ll be transferring the money to your wallet.

Simply copy the address and the memo into the ‘’Withdrawal Address’’ and ‘’Memo’’ fields back at BC.Game withdrawal page. Choose the amount you want to withdraw and click on ‘’Confirm’’.

After that, you’ll get your money in no time. Note that BC.Game takes from 1 to 6 hours to check your withdrawal request and process it. That’s the only waiting time you’ll have to do as XLM transactions are pretty much instant.

Regulation and license

The first thing I always check with any XLM casino is the license. I always like to play it safe when it comes to gambling, no risks at all. That’s why casinos with the Curacao gaming license are my go-to destinations.

I won’t run from MGA and UKGC-licensed casinos either, but when I see that the casino is regulated by the Isle of Men license, something’s fishy about that - so I always stay away from them. Luckily, both BC.Game and Cloudbet have the Curacao license and that’s enough for me to start gambling there.

Reputation and trust

Stellar XLM is known for its reliability and fast transactions due to the Stellar network. Lumens stand out for their low trading fees and are used as an intermediary currency by professional traders. Despite concerns about centralization, there have been no reports of fraud or technical issues from the Stellar Development Foundation.

The same goes with the casinos where gambling with XLM is available. I always check for their reputation online, see user reviews, and check their rating on popular rating sites like Trustpilot.

Payout and withdrawal speeds

Stellar casinos typically offer fast withdrawal processes (1 to 3 hours). This speed is facilitated by Stellar's efficient blockchain technology, and the only reason why the waiting time takes up to 3 hours is because the casino is taking its time to check your withdrawal request.

As we already said, BC.Game takes around 1 hour to process your withdrawal. On Cloudbet, withdrawing takes a bit longer, typically around 2 hours.

Security

Transactions in Stellar Lumens at reputable casinos are conducted securely through the Stellar network. So, there’s no reason to worry about that. But, I always check how the casino handles the security of my data.

That’s why I always look for SSL encryption technology and a possibility to set up a 2FA (two-factor authentication) on my account. This gives me peace of mind when gambling.

Provably fair Stellar games

Gaming is definitely one of the most important things when, well, gaming with Stellar. In that light, I always check what’s the technology behind game outcomes at a certain casino. A green flag is seeing the Provably Fair method of calculating game outcomes.

Both Cloudbet and BC.Game have this method installed, and it’s enough for me to know that everything’s based on chance. The casino is not ‘’taking’’ my money with unfair games and rigged outcomes.