About Stellar

Stellar is a decentralized payment ecosystem and network for crypto transfers. Available in over 180 countries, it's primarily based on cross-border transfers, which makes it perfect for online casino deposits and withdrawals.

Additionally, with Stellar, you can fund your gambling bankroll within minutes, and cashouts are nearly instant.

Still, it has a fair share of drawbacks, which is why we've decided to put it to the test. We'll explain how decentralized payments via Stellar work, as well as dive into its positives and slight setbacks.

Why Should I Use Stellar For Online Casino Payments?

Above all, Stellar is extremely fast and very convenient for casino players looking to make crypto deposits and withdrawals, but let's dive a bit deeper into its benefits:

• Instant processing: Crypto transfers are usually processed instantly on Stellar, which is especially important when it comes to withdrawals. With it, you can schedule a payout and receive your winnings in a matter of minutes, which allows you to efficiently manage your bankroll.
• Extremely low fees: The team behind Stellar claims that its fees amount to just a fraction of a cent. To be exact, they state it's an average of $0,001 in processing fees per transaction.
• High scalability: Stellar is a scalable payment method with significant potential to evolve further alongside the iGaming industry. With a focus on decentralized finance, it supports concepts like Web3 casinos and other innovative advancements.

How To Make Stellar Casino Deposits

To proceed with Stellar casino deposits, you first need to hold crypto. From there, you can follow these steps, regardless of the site:

• Find a reliable Stellar casino: First, register at a decent online casino offering Stellar payments and log in to your account.
• Visit the Cashier and check the limits: Next, head over to the banking section and select Stellar as your preferred method. This is also where you should check the deposit limits for your selected casino.
• Enter your deposit amount: After selecting Stellar, type in your deposit amount. In most cases, transfers are processed instantly, with the only possible delays being just around a minute.
• Check the payment status: Finally, check the payment status to see if it went through. Stellar features 24/7/365 payment processing, so you shouldn't have to deal with delays.

How to Withdraw Casino Winnings

One of the best things about Stellar is that it can be used for both deposits and withdrawals. Cashouts are also pretty fast, and it usually takes just a few minutes for the funds to reach your crypto wallet.

To withdraw, you can simply scroll through the withdrawal options to find crypto payments.

From there, you'll be able to select Stellar as a processing network and move on by using your wallet. You can use decentralized options like MetaMask and just copy the address you get while scheduling the payout. Or, simply scan the QR code with your wallet app to facilitate the payment.

There are no extra fees for cashouts, which is another great benefit of Stellar.

Stellar Fees and Limits

When using Stellar for casino payments, you'll always know what to expect, as there's only a fixed transaction fee you'll have to pay. It's mostly within the range of $0,001 per transaction, which is very convenient and much lower than some traditional payment options, such as credit cards or bank transfers.

As for limits, Stellar doesn't impose any that would reflect on your transactions. You can go with as little as $10 or lower or transfer up to $100,000 or more in a single transaction. However, make sure to check if your casino imposes any limitations of its own.

Pros and Cons of Using Stellar for Casino Payments

Stellar's convenient payment fees and fast processing certainly make it a desirable option for crypto casino players, but not everything is so perfect. Here's an overview of the main pros and cons at a glance:

Pros:

• Very fast payment processing, usually within minutes
• Cash-to-crypto deposits
• Extremely convenient fees
• Focus on cross-border transfers, which is perfect for playing at offshore casinos

Cons:

• Still not widely accessible at online casinos
• Mainly available at decentralized platforms, which might include some shady sites

Our Take: Should You Use Stellar For Gambling Transactions?

While choosing a casino payment method mainly depends on personal preference, Stellar manages to check most of the boxes for different types of players. It's fast, reliable, and extremely convenient in terms of payment fees.

On a side note, it's still not as widely available at online casinos as traditional payment methods are. So, we would recommend it to players who either already have crypto or wish to use the network's cash-to-crypto payments.