Gambling at online Philippines casinos with cryptocurrency is the fastest, best way to make deposits and claim payouts. Crypto bypasses all the red tape during the banking process, streamlining your finances so you can spend less time playing with your bank account and more time playing your favorite betting markets. And now, new Philippine Stellar casinos offer the most efficient and least expensive way to get your account topped off!
With Stellar Lumens price predictions giving the crypto coin a chance to really take off in the next couple of years, it makes good sense to invest in the platform and to use Stellar tokens in transactions for goods and services.
It’s especially smart to use Stellar Lumens (XLM) for online gambling deposits, as it has significant benefits over banking with fiat money. To learn how to fund your Internet gambling with Stellar XLM, our brief Lumens guide will shine some light on the subject.
What Is Stellar XLM?
Launched in 2014, Stellar is a cryptocurrency that works a lot like Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), and others. Stellar is the name of the actual blockchain network/platform, while the tokens used for trade are called Lumens or XLM (which is the Stellar Lumens symbol or “stock ticker” designation at online exchanges).
However, Stellar doesn’t use exactly the same kind of proof-of-work (PoW) or proof-of-stake (PoS) blockchain verification systems that other cryptos do. Instead, it uses something called the Stellar Consensus Protocol (SCP).
The SCP lets Stellar boast some of the fastest transaction times – and cheapest built-in transfer fees – of any crypto coin on the market today. Thus, when Filipino gamblers use it to fund their online casino gaming, poker playing, and sports betting, it allows them to make the fastest possible deposits and withdrawals while keeping even more of their money!
Is Stellar Legal In The Philippines?
Yes! Cryptocurrencies are legal in the Philippines, and there are even Bitcoin vendors in physical retail stores where you can purchase crypto directly. In fact, most Filipinos will likely have buy BTC first in order to trade for Stellar, with which they can then gamble at the best legal online casinos.
While these sites all accept BTC directly, there are advantages to using Stellar instead, and it’s all perfectly on the up and up (which, of course, is also the trajectory of Stellar value as the cryptocurrency grows in popularity).
Are Stellar Casinos Legal In The Philippines?
Just as it’s perfectly within Philippine gambling law to use offshore betting sites in the Philippines, residents are also able to fund their online gambling activities using cryptocurrencies like Stellar Lumens.
Thus, if you want to set up an Internet-based gambling account and fund it with XLM, you are free to do so provided the site is licensed, regulated, and operates outside of PH jurisdiction.
There are no purchasing restrictions on Stellar Lumens in the Philippines, though you can only use the alternative currency to fund activities and buy goods and services that are legal per the law of the land.
How To Buy Stellar Lumens
When it comes to how to buy Stellar Lumens in the Philippines, the process is really no different than it is anywhere else. That said, you will have a hard time finding a place to directly exchange Philippine pesos for Stellar Lumens.
Instead, you will need to use local Bitcoin ATMs or fiat-to-Bitcoin buy-ins to purchase XLM, at which point you can make your online casino deposits using the popular Stellar cryptocurrency.
Once you have your Stellar, you can keep it on the exchange where you traded Bitcoin for it, or you can send it to a software or mobile wallet, allowing you to easily use it to fund any of your legal online gambling activities.
Current exchanges that are accessible to Filipinos and offer BTC-to-XLM transfers are the following:
All of these are trusted international cryptocurrency exchanges, and we’ve had lots of positive experiences with all three. Our favorite to use is Poloniex due to its at-a-glance, informative, graph-based UI, but you should have no concerns about using any of the above.
How To Make Online Casino Deposits With Stellar
Once you have purchased your Stellar Lumens using fiat money or – more likely – Bitcoin, you can then use it to load up your online gambling account. This is a simple process:
- Follow the provided links to any of the Stellar online casinos or betting sites listed here, and make an account (if you aren’t already a member).
- Enter in your real personal information. This is secure and encrypted, but you must use verifiable data. Remember, to receive online casino/betting payouts, you will have to prove your identity. Please disable any VPN service you may be using on your computer or mobile gambling device
- On the following Deposit page (or via the Cashier page, if you’re already a member), select the Stellar Lumens deposit option. You will be provided with the site’s Stellar wallet address. Copy this down, and be sure to select any bonuses you wish to activate at this time.
- From your Stellar exchange or Stellar Lumens wallet, insert the above-copied address into the recipient field. Enter the amount of Stellar you wish to send to the gambling site, and initiate the transfer. Your legal online betting site of choice should receive the funds almost instantly.
- Once you deposit with XLM, your online betting operator will use a Stellar Lumens converter to change the crypto to USD (or any supported fiat currency) before crediting the full amount to your casino, poker, or sportsbook account. Now, you can gamble to your heart’s content on everything but online sabong!
Stellar Lumens Online Casino Bonuses And Promotions
Unfortunately, at the current time, Philippine gamblers are not able to take advantage of the enhanced bonus options that Stellar Lumens offer to gamers in other parts of the world.
However, Filipino casino gamblers, poker players, and punters can still get the standard high-value deposit bonuses offered by the top PH betting sites, which we recommend accepting.
Additionally, there are other good reasons to deposit with Stellar XLM, even if these increased bonus offers are region-locked.
Benefits Of Stellar Gambling At Legal Philippines Casinos
Despite being currently ineligible for Stellar bonus perks (which could change anytime, so please contact your site’s friendly customer service reps, who are available 24/7/365), there are several excellent reasons to use Stellar deposits instead of Bitcoin deposits, other altcoin deposits, and fiat currency deposits. These include the following:
- Fastest possible transfer times – Just as fast as Credit/Debit but more reliable!
- Lowest possible transfer fees – All crypto transactions have minimal transfer fees built into their blockchains, but Stellar’s are the smallest in the industry.
- No added processing fees by your online Philippines casino site, online Philippines poker room, or online Philippines sportsbook.
- Lowest minimum and highest maximum deposit + withdrawal limits.
- Same-day payouts – Crypto is the only way to claim same-day payouts, so you can withdraw your money and have it in your hands in just hours instead of days or weeks. Since Lumens come with the lowest transfer fees, you keep more of your winnings!
Stellar Lumens FAQs
Are Stellar Lumens legit?
Absolutely. The Stellar Lumen is one of the most popular and reputable cryptocurrency “stablecoins” on the market today. With a Q3 2020 market capitalization of over $1.6 billion, Stellar is one of the top 20 cryptos in the world and has been trusted since its inception in 2014.
Are Stellar Lumens Safe?
Yes. Blockchain-based cryptocurrencies are inherently safer to use for financial transactions than any fiat-based electronic banking product. Stellar is safer to use than your credit card or debit card, and it’s even more secure to use than a bank wire transfer.
However, no crypto offers total anonymity, so you must only use Stellar XLM for lawful activities like online gambling with registered, regulated offshore providers.
What Are Stellar Lumes?
This is a common misspelling or misattribution of the XLM cryptocurrency. Stellar’s token is called a Lumen, not a Lume, so you can consider “Stellar Lumes” to be a simple typo.
What are Stellar Lumens XLM used for?
Legal offshore betting at online Philippine casinos, poker rooms, and sportsbooks, of course!
And just about anything else you can think of.
Where can I learn how to earn Stellar Lumens?
If you want to know how to get free Stellar Lumens (i.e. Stellar Lumen rewards), there are several ways.
Many online survey companies and marketers use Lumens to reward their participants, but you can also stake your Stellar.
To do that, you’ll need to learn how to stake Stellar Lumens, for which there are a number of YouTube video tutorials out there for Filipino XLM holders.
Can Stellar Lumens reach $100?
Currently, Stellar Lumens are worth about 7.5 cents per coin. While it’s certainly possible that the IBM-backed cryptocurrency could go up in value, the Stellar price will not reach $100 for several years at least.
Of course, when it does, you could easily become a millionaire just by using Stellar to bet, winning some wagers, and saving your crypto until the market skyrockets.
How high could Stellar Lumens go?
Appropriately, the sky is the limit for Stellar Lumens.
Who accepts Stellar Lumens for online Philippine gambling?
Currently, there are only two Philippines-friendly online gambling sites that accept Stellar Lumen deposits directly: BetOnline and SportsBetting AG.
Both sites offer Filipino gamblers all the betting they could ask for, as they feature full real money casinos, tournament poker rooms, cash poker tables, international sportsbooks, and racebooks for horse tracks from all around the world.
Where can I store Stellar Lumens?
You can store Stellar Lumens (XLM) in online wallets used by major exchanges, software-based wallets and mobile wallets (which you can run from your computer, iPhone, or Android device), hardware wallets, and even paper wallets.
What is the best Stellar Lumens wallet?
The best wallet for Stellar Lumens comes down to your personal preferences and what exactly you intend to use the altcoin for.
If you just wish to play casino games and make occasional transfers to your online gambling site of choice, then hardware Stellar wallets like the Ledger Nano S and Trezor One are the best choices due to their enhanced security.
If you are going to bet on sports and may need to transfer XLM frequently to your online Philippine sportsbook, then we recommend keeping your XLM in a Stellar software wallet like Lobstr or Solar Wallet. You can also store your Stellar Lumens on commercial exchanges themselves, which is fast but not as secure as other options.
We do not recommend using Stellar paper wallets for anything but investing in Stellar XLM and long-term cold storage of your funds.