In the Philippines, avid gamblers and punters have long been able to use legal online betting sites like BetOnline and SportsBetting AG.
And now, both of these stellar services are Stellar online casinos accepting Filipino players, too.
While domestic online casino gaming, sports betting, and poker rooms are currently against Philippine gambling laws, the aforementioned offshore sites – among several other top operators – have long been providing a safe haven for Filipino gamblers and punters.
Now, both BetOnline and SportsBetting offer a new way for gambling enthusiasts in the islands to fund their legal online gambling activities.
This new gambling deposit method, a cryptocurrency called Stellar Lumens (XLM), works the same way that other supported cryptos work.
But while all the best crypto casinos take alternative currencies like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and select others, Stellar Lumens have only been supported for the last few weeks.
And even though there are only two Philippine-friendly betting sites that currently accept XLM banking options, more will undoubtedly support the token in the future.
Of course, if you’ve never used crypto to fund your legal online Philippine casino gambling, sports betting, or online poker play, you may need a bit of help figuring out how to buy Stellar XLM and how to transfer it safely to your book of choice.
That information is covered at our Philippine Stellar Casinos page (linked above), and once you learn the ropes, you’ll see that XLM is an excellent way to get your account loaded up and ready to go.
Thanks to the unique blockchain technology employed by Stellar, Lumen transfers process faster than any other crypto, and they also have the advantage of sporting the lowest inherent transfer fees.
It’s important to note that these extremely small fees (typically just a few cents) are built into the Stellar protocol itself, which is common to all crypto coins.
Note: Legitimate PH online casinos do not charge any additional fees when you deposit or withdraw in cryptocurrencies, which is perhaps the best reason to use them – aside, of course, from the added security and reliability that these sorts of transactions offer to those interested in gambling online.
Beyond the aforementioned lightning-fast transaction times and low fees, the biggest advantages of Stellar are two-fold:
First, the token itself – that is, XLM (as it’s called at crypto exchanges) – is very inexpensive.
At roughly 8-9 cents – or 4.3 PHP – the stablecoin is considered a sound investment for those interested in making money in the cryptocurrency marketplace.
During the 2018 crypto peak, the Stellar all-time high was USD 0.90 (43.71 PHP), and it is projected to meet or exceed that in the near future.
Secondly, precisely because Stellar XLM is such a good investment, that means it’s the perfect currency with which to gamble online.
Remember, if you deposit using Stellar, you can get Stellar payouts from online casinos, sportsbooks, and poker rooms. Then, by storing those XLM payouts in your Stellar Lumens wallet of choice (or on a public exchange), you can watch your winnings increase in value as the Stellar price goes up over the weeks and months to follow.
When you deposit with fiat money, that doesn’t happen. Fiat money, after all, has the reputation of depreciating over time.
And nobody appreciates that.
Cryptocurrencies, on the other hand, have the reputation of doing the exact opposite. But while Bitcoin et al. may double in value within the next year or so, the Stellar value could increase by 1000% or more over the same time period.
If you’re going to gamble at legal online Philippines casinos, you should gamble at those reputable betting sites that accept Stellar.
And if you’re going to gamble with Stellar, you should definitely gamble on Stellar, too.