The Best NEM Casino Sites for Your XEM 2022
NEM (XEM) is a major altcoin that delivers extremely fast transaction speeds and low transaction costs. The rapid adoption of NEM means that the number of casinos that accept it as a banking option is becoming more common.
Players can take advantage of faster withdrawals and much higher limits than traditional online casinos. This, along with exclusive bonuses and games, means that crypto-focused casinos have made their mark within the gambling market. Here’s what you need to know about how to bet on casino games with NEM.
Latest NEM Bonuses and Promotions
Crypto casinos offer NEM bonuses to attract new players and work the same way as the promos offered by traditional casino sites. In addition, crypto casino bonuses typically involve some type of welcome bonus or free spins. See the table at the beginning of this article for a list of the best NEM casino bonuses.
Bonuses and promotions offered by crypto casinos can include:
- Matched deposit bonuses or welcome deposit bonuses offer new accounts a matched percentage of the first deposit they make to a casino as bonus cash. These bonuses offer 100% of the first deposit as a bonus in most cases
- Free spins are offered as part of VIP programs or for making deposits. Free spins can be for either specific XEM slots or all slots on a casino site
- Reload bonuses that offer the same matched deposit benefits as welcome bonuses but offer lower percentages. Casino sites may offer, for example, a 100% bonus on first deposits, a 50% bonus on second deposits, and a 25% bonus for third deposits
In addition to welcome bonuses, many NEM casinos offer VIP programs that allow users to accumulate points that players can use to access higher rewards. These VIP rewards can include free spins, bonus cash, and other exclusive benefits. It’s also worth checking whether the casino you want to play on offers special promotions through bonus codes.
How to Deposit NEM at Online Casinos
Depositing to a crypto casino is significantly faster and simpler than traditional banking methods used with fiat currencies, unlike USD or EUR bank transfers, which require several data points such as account names and routing numbers and the wait time of several days.
In 2022, players have several different deposit methods to choose from including:
- Mastercard credit or debit card
- Visa debit or credit card
- Other popular digital payment gateways
NEM transactions are completed in minutes and only require a wallet address. Crypto casinos will provide a wallet address within their ‘Banking,’ ‘Cashier,’ or ‘Wallet’ section of your account.
First, start a new transaction within your wallet or exchange to make a deposit. Then, copy and paste the casino’s wallet address into the destination field along with the amount you would like to deposit. Finally, click send.
Before depositing, ensure that the address you are sending to is compatible with receiving NEM. Sending a cryptocurrency to an incompatible wallet address (such as sending NEM to a Bitcoin address) will permanently lose funds.
It is extremely rare for a crypto casino to charge a deposit fee. You’re more likely to see a transaction fee or gas fee charged to you from your wallet or exchange. These fees typically only cost a few cents. Crypto casinos typically allow users to make extremely small deposits with no minimum deposit amount unless are required to qualify for a deposit bonus.
How to Withdraw NEM
All that is required to make a withdrawal is your wallet address, which you can find by starting a new transaction within your wallet or exchange and clicking ‘receive.’
Crypto casinos will provide bettors with a section dedicated to making a withdrawal request. Copy and paste your wallet address into the corresponding field along with the amount you would like to withdraw.
Although crypto transactions are known to process quickly, some casinos may opt to put a hold on your withdrawal request intentionally. This can happen when a large amount is requested for withdrawal if there are multiple requests within a short timeframe or to give casinos time to make the necessary conversions before sending bettors their funds. In any case, these holds usually only last 24 hours, which is still faster than many bank transfers.
It’s common for bettors to withdraw into a crypto exchange, where their NEM can then be traded for other cryptocurrencies or cashed out for fiat currencies. Alternatively, it’s possible to withdraw your funds to a cryptocurrency wallet for secure storage.
If you want to spend your NEM directly, it’s possible to fund a cryptocurrency debit card with your funds. Binance and Gemini both offer a crypto card.
Using NEM to Play Casino Games: What You Need to Know
There are just a few important details to keep in mind when using the NEM token for online transactions:
- Deposit and withdrawal fees: Most crypto casinos don’t charge large withdrawal fees for NEM and, in many cases, offer free crypto withdrawals. Some crypto exchanges may charge withdrawal fees or transfer fees
- Security and safety: It’s irreversible once you send a NEM transaction. Only deposit NEM on reliable crypto casinos recommended by trustworthy platforms
- KYC and identity requirements: Some crypto casinos that accept NEM may request KYC information before paying out large withdrawal requests
What Casino Games Can I Play with NEM?
NEM casino games are virtually identical to traditional casino games. It’s possible to bet NEM (XEM) on slots, blackjack, roulette, and various table games. Live crypto games are becoming more popular, with most major cryptocurrency casino sites now offering live blackjack and other games.
Crypto casinos can offer unique blockchain games as well. Using blockchain data provided by the players, casinos can use RNG (random number generator) software to run provably fair games. The current market or provably fair games include dice, slots, and unique games like Crash. Because these games are open source, players can view the code directly, verifying that the games are truly random and unbiased.
In addition to NEM casinos, it’s possible to bet it on sports or use it to play poker. The widespread adoption of XEM means that it’s now possible to use it as a banking method for crypto poker sites or bet XEM on sports like football, soccer, baseball, basketball, and almost any other sport imaginable.
Choosing the Best NEM Casino
Cryptocurrency casinos work the same way as traditional casinos, except they accept cryptocurrency deposits and withdrawals instead of fiat currencies. Playing at a crypto casino provides players with some impressive advantages.
Betting NEM on casino sites allows players to deposit or withdraw funds instantly. Traditional online casinos that accept fiat currencies like USD or EUR can take several days to complete payout requests. The high speed and low cost of NEM transactions, on the other hand, make it possible to withdraw and access funds in less than 30 minutes.
Another major advantage of NEM casinos is the higher limits typically offered. Many traditional casino sites limit maximum wagers and maximum withdrawals to a weekly basis. Limits at crypto casinos can be up to 5x higher while allowing withdrawals almost daily.
When you’re ready to start betting NEM on a crypto casino, please keep the following in mind before signing up:
- Customer support: It’s best to play at online casinos with a good reputation for quickly replying to support requests or offering live chat or phone support.
- Payout speed: Cryptocurrency casinos offer instant withdrawal — the best casinos that accept crypto execute payouts as soon as they are requested.
- Smartphone apps: If you want to play casino games with crypto on your phone, it’s best to check that a site offers a dedicated mobile version or app first.
- Live crypto casino games: Not every site offers live casino games — check to make sure live crypto blackjack or live crypto roulette is available before signing up.
- Bonuses and promos: Some casinos offer far better promos than others, such as welcome bonuses.
Lastly, it’s essential to check to make sure the site you want to play on is secure and reliable. The table at the beginning of this article lists the safest cryptocurrency casino sites that accept NEM.
How to Buy NEM
NEM is a highly popular cryptocurrency available on most major crypto exchanges. While NEM is popular, however, it’s not regularly available for purchase directly with a Visa or Mastercard credit or debit card, which means that in most cases, you’ll need to purchase another cryptocurrency such as Bitcoin or Ethereum, then trade it for NEM.
The fastest way to buy NEM is to purchase another cryptocurrency, such as Bitcoin or Ethereum, then trade that cryptocurrency from an exchange that lists BTC/NEM pairs or ETH/NEM pairs. Unfortunately, most major exchanges that accept Visa or Mastercard credit or debit card purchases don’t list NEM, so it’s necessary first to purchase another crypto and then trade it for XEM coins.
US-based crypto users can buy Bitcoin or Ethereum with a credit or debit card via Binance US. In contrast, crypto users in other countries can use secure crypto exchanges such as Gemini. Buying Bitcoin or Ethereum with a credit or debit card can occasionally incur a small processing fee but provides instant access to crypto. Alternatively, you may want to look into gambling directly with Ethereum.
The steps required to buy NEM to bet online are as follows:
- Create an account with Binance US or Gemini
- Complete the ID verification and KYC process by providing a photo ID
- Link your credit or debit card to your Gemini or Binance US account
- Buy Bitcoin or Ethereum
- Send your Bitcoin or Ethereum to an exchange that lists NEM, such as Gate.io
- Trade Bitcoin or Ethereum for NEM
Once you’ve traded BTC or ETH for XEM, the exchange you use will make your NEM coins available in a wallet on the platform. At this point, you’re ready to send your NEM to a crypto casino.
NEM is a highly flexible cryptocurrency accepted at almost every major cryptocurrency exchange. In addition, Crypto casinos that accept NEM allow users to instantly withdraw and deposit funds, making it one of the best cryptocurrencies for online casinos.