NEM provides lightning-fast transactions and a scalable blockchain, catering to both users and coders. To make payments on the NEM blockchain and access online casinos that accept NEM (XEM), you’ll need to buy some tokens first.
The XEM cryptocurrency was created to facilitate decentralized payments, and casino platforms have benefitted from this. Our team has compiled this guide to help you play online at NEM casinos in Australia.
Australian Online Casinos Accepting NEM Payments
Regardless of the guide we provide, we never recommend platforms we wouldn’t play at. Numerous crypto casinos claim to be legit, but few actually live up to their promises. Our team has identified all NEM online casinos accepting Australians, but only the operators listed are safe, and secure, and offer great bonus codes and games to their players. You can click on any of the following and begin gambling today.
For years now, the Australian online casino market has been going through a lot of positive changes, with the payment method being a focal point. Technology is propelling the industry forward, and options like NEM are changing the way people look at the activity.
With more transparency and an equal amount of anonymity, people have less to worry about when it comes to betting their money. It’ll always demand proper due diligence and education before you can find success.
You’ll find that NEM and the online casino market will go through many more changes, but it’s all headed in the right direction. Better security, promotions, and assurances for those who are new to it all. For the veterans who have been there and done that, they see the benefits clear as day.
Making online casinos a safer environment for everybody will drive more incentives like bonuses and free spins, more players, and options for people to get involved. Don’t be fooled by the incentives like free spins, as there will always be risk, but you can minimize some of that risk with safer payment solutions.
NEM Casinos Overview
NEM is one of the most secure cryptocurrencies globally, thanks to its peer-to-peer network. Multiple other users must verify payment before it is confirmed, but this doesn’t slow down the speed or innovation.
NEM tokens function similarly to Bitcoin, but they carry significantly lower value. This means you can purchase them at a lower cost and gamble via this crypto coin.
Although NEM offers similar benefits to other crypto casinos – no intermediaries, fee-free, instant payments, and transparency – it isn’t as popular as Ethereum, Litecoin, and Dogecoin. This can make finding a NEM casino on your own quite challenging.
How to Use NEM at Online Casinos
To start NEM gambling, you must first select one of the provably fair casinos supporting such payments. You can easily locate them on this page. Some might even offer welcome bonuses or free spins.
The initial step of the process is to register at the online casino. Click on the join now button and input your name, email address, password, date of birth, address, etc.
If you haven’t purchased NEM yet, you’ll need to create an account on a reputable crypto exchange like Cash App or Coinbase. You can then buy NEM coins using cards or banks.
Return to the NEM casino and click on the banking section. Click the NEM currency, enter the deposit amount, and provide your NEM wallet address. The payment should appear in your account instantly. Be sure to take advantage of any welcome bonuses or free spins offered during your first deposit.
Like with any other legitimate cryptocurrency, NEM casino withdrawals are also feasible. Follow the same steps, and once the casino processes your request, you will receive your funds promptly, and again, don’t forget your welcome bonus. The welcome bonus is given just for you playing with them.
Security You Can Trust
Not only do online casinos prioritize their security, but NEM doubles down on the matter, making players feel much more comfortable. It helps to protect and guarantee fair gaming, with transparent transactions and completely random outcomes with every bet.
You won’t find any issues with compliance and regulations on either side. NEM only works with online casinos that follow laws and regulations. This ensures longevity and a service that players can rely on with each passing day.
This trusting relationship between XEM and many online casinos has created interest within the Australian market. Punters are eyeing it as their main payment provider, and its ease of use and anonymity are highly attractive in our digital age.
The reality is that cybersecurity is a concern for everyone, and cryptocurrency and blockchain technology offer some of the best solutions in this realm. As always, XEM won’t always be perfect, as it’s still subject to market volatility. This means it can either go up or down, potentially affecting the value of your earnings and the money you plan on betting with.
Building a Community
When you consider the dedicated communities that are found in both gambling and cryptocurrency, you can assume there’s plenty of support online. Whether you’re looking for online casino strategies to get free spins or expert advice on navigating XEM, it’s all easily accessible.
Here’s how you can use these communities to your advantage:
- Learn about promotions across different online casinos
- Participate in drawings or special offerings only found on specific platforms
- Access certain events to learn new strategies or education on the subjects
- Find support in learning best practices with cryptocurrency and online gambling
Regardless if you’re new or a veteran, it never hurts to work with some added support. This can help to minimize your losses, especially if you’re new to a certain game, strategy, or payment solution. It can all sound relatively convoluted at first, but solutions like XEM make it all more streamlined than it has ever been.
Among the many payment solutions available to online casinos, it’s hard to pass up on the benefits that XEM brings to the table. The ongoing efficiency of using NEM to deposit funds and place your bets can help you to focus on what’s more important, which is the game in front of you.
Exploring the Rise of Cryptocurrency in Online Gaming
Cryptocurrency has been growing in popularity with online casinos because they provide you with fast transactions. For example, in the past, you might need a few days to get a withdrawal at most online casinos, but cryptocurrency often lets you withdraw in a few minutes to 24 hours.
Some like it as well because you can make a deposit without revealing crucial financial details. Unfortunately, all online casinos are a target to cyber criminals, which creates a need for you to protect yourself.
To give you an idea of just how much it has grown, cryptocurrency gaming was worth around $3 billion in 2023. Most analysts believe that it will reach a value of anywhere from $65 to $90 billion by 2030.
The decentralized nature of the blockchain also helps to reduce the security risks where nothing can be unwritten or edited once it has been written. This adds another layer of security that doesn’t exist with other payment methods.
While cryptocurrency has been on the rise, it does have a few things that could slow it down that include:
- Price Volatility: You could win big at a casino, but one of the dangers of cryptocurrency is that it can rise and fall fast. You might win a big pot only to have the cryptocurrency crash on you and reduce your winnings. On the other side, it could go up, further adding to your winnings.
- Murky Regulations: One of the original selling points of Bitcoin was that it was beyond regulation, but as we’ve found out, some regulation exists for your protection. Unfortunately, the framework for cryptocurrency regulations are often murky at best, and the rules can differ from one geographic location to the next.
- Scalability: As cryptocurrency continues to grow in popularity, it will need to be able to handle the demand of higher microtransactions on the blockchain. Right now, it is not able to cope with a huge uptick.
- Scammers: Unfortunately, even in the gaming realm, you need to exercise caution from scammers. Cryptocurrency protects you in one way, but it can also be used by scammers aware of different hacks when you go to play games.
Popular Digital Currencies Used in Casinos
Let’s take a look at some of the most popular digital currencies that you will find used at online casinos. Obviously, you have Bitcoin (BTC), which is one of the most popular because it is one of the most well-known.
You’ll find it’s one of the most commonly available as well. Another popular digital currency used at online casinos is Ethereum (ETH). This one was designed more as a means of payment than a currency, but you commonly find it used at online casinos.
Other digital currencies you’ll encounter include:
- Litecoin
- Bitcoin Cash
- Dash
- Tether
- Ripple
- Dogecoin
- Binance Coin
- NEM
How Cryptocurrency Is Revolutionising Online Casinos
Cryptocurrency has revolutionised online casinos in a few interesting ways worth noting. First, they have improved security and privacy because you can play at these new casinos without ever needing to share your private details. Your secure transactions do not require you to reveal private information compared to a more conventional payment method.
Lower transaction fees have also been a big change. While not all payment methods charge transaction fees anymore, it used to be common, especially with the withdrawal. Nowadays, you can still run across payment methods that charge a transaction fee, but it has become less common than in the past. Usually, they don’t charge for the deposit but for the withdrawal.
Benefits of NEM for Gamblers
You have a few important benefits and reasons for why gamblers may want to choose to deposit with NEM as a digital currency. Many of the people who choose NEM remain fiercely loyal to it, especially those invested in it. When you choose a NEM casino, you will find that they should support fast transactions. Most of the time, you can process payments in under 24 hours.
NEM also uses a two-tier security architecture, which ensures transaction privacy when you go to use it. When you go to use XEM at an online casino, it only has a transaction fee of 0.1% for the total amount sent. For some, this may be a deal breaker since others don’t have a fee at all, but if you would like a cryptocurrency with a lower fee, this is one with a lower fee.
Players who have a great deal of XEM in their wallet will receive a greater reward from it. XEM rewards you with a high APY. You receive daily interest on your stake, and you keep control over it, and at the same time, you can unstake your XEM at any time.
Tips for Safe and Responsible Gaming
Let’s take a look at some tips to keep your gaming responsible and friendly since you can easily get off track with gambling if you don’t take precautionary measures:
Tip #1 – Set Limits and Stick to Them: Where many with a gambling addiction run into trouble is that they don’t set a hard limit. They keep going past the point where they should have stopped. Make a deposit and stick to that amount. Free spins and bonuses can be nice, but remember how this can draw you back in when you need to quit. For that reason, don’t let free spins or bonuses fool you.
Tip #2 – Don’t Get Too Emotionally Invested: When it comes to gambling at the casino games, you need to keep a cool head or it can impact your judgment. If your losses start to make you nervous, stop playing the games, take a breath and assess if you should step away. In many cases, you need to step away from playing games if it starts making you feel this way. Don’t gamble when upset or stressed because this can make it worse.
Tip #3 – Never Borrow Money or Use Money Intended for Other Things: Gambling at the pokies games stops being responsible when you need to either borrow money or use money from your necessities to fuel your gambling activities. Never look at gambling as a source of income but instead, look at it as a source of entertainment. Looking at it as a source of income can lead to addiction and huge losses.
Understanding Cryptocurrency and Online Gambling
You can bet using cryptocurrency, and many Aussies prefer crypto because of how they can gamble anonymously and make fast withdrawals. Cryptocurrency can’t be manipulated during the transaction on the blockchain, which makes it more secure in many ways. Crypto provides you with faster and more reliable transfers.
Summary
By following the above steps and tips, you can begin playing at NEM online casinos in a matter of minutes. Cashing out takes the same time as a deposit, and you can rest assured that the XEM blockchain will keep your funds safe.
FAQs
Can I use NEM to play pokies in casinos?
Yes, you can use NEM (XEM) to play the pokies in casinos. Just check ahead of time to see that the casino accepts XEM tokens. Provided that casino has pokies available, you can use XEM tokens to play at that casino. NEM is simply the payment method, so it won’t stop you from being able to play pokies. Where you would be stopped is if the casino doesn’t have pokies in their collection, which is rare.
Can I gamble anonymously with NEM?
While NEM (XEM) does let you gamble without sharing your personal information, it records the transaction on a public ledger. All transactions are visible and traceable, but you do keep some level of anonymity when you gamble with XEM.
How secure are NEM crypto casinos?
NEM casinos offer good security, but one thing to remember with it is that this will also depend on the platform that you choose. Always check casino reviews to see if anyone had a negative experience with that casino before you make a deposit. One negative experience shouldn’t be an automatic no to the use of that casino, but you should take it as a warning if you see countless casino reviews where the casino acted in a shady manner.
Are NEM casinos secure and regulated?
This will vary from one casino to the next, so you need to check the security of each casino before you start playing at it. Some will offer better security than others, and these will typically be the casinos that have their licensing and fall under an established body of regulation.
Are NEM crypto casinos legal in Australia?
NEM crypto casinos will typically be a grey area in Australia, and while they’re not technically legal, there’s nothing stopping a person from playing them at offshore casinos. Before you start gambling with it, it would be a smart choice to acquaint yourself with the local laws since this can vary from one jurisdiction to the next.
- Explore the Thrills of Bush Telegraph Pokie - 29.02.2024
- Break da Bank Review - 17.12.2023
- Black Diamond Pokie - 16.12.2023
