NEM
NEM (XEM) stands for New Economy Movement and is an open-source cryptocurrency built on JavaScript. This fast-growing cryptocurrency has been constructed to be completely untraceable maintaining the highest levels of user privacy. The private dual-layer blockchain technology that powers this digital currency allows users to make quick and secure casino transactions. Although most online casinos don’t accept the NEM cryptocurrency, the number is steadily growing as more online casino operators accept that crypto payments are the future.
Casinos with NEM
- NEM
Overview
This cryptocurrency option launched in 2015 and is now starting to see some serious growth across holders and merchants. The virtual currency adopts a system that uses multi-signature contracts like many other cryptocurrencies of this kind. NEM is one of many peer-to-peer crypto coins that has grabbed the attention of casino players. This form of payment is streamlining the way player’s fund their accounts using greater scalability. If you are looking to make easy and rapid fast casino deposits and withdrawals, then you may consider the NEM cryptocurrency.
Bonus
Claiming bonuses has become the norm when enjoying online casino entertainment. Players can still take advantage of the many different bonuses available, including first deposit bonuses, match bonuses, free spins and the rest. Making a deposit through NEM may feature a different process to that of standard banking payments but bonuses can still be claimed through the deposit process. We always recommend that our readers take a good look at the terms and conditions attached to the bonus you want to grab. You should make sure you understand the wagering requirements and other terms that determine the value of the bonus.
Advantages
Making online payments using NEM offers some nice perks. Besides the outstanding convenience and adaptability, there are plenty more advantages to this cryptocurrency. Let’s take a look further into this growing digital currency.
Great protection: You can move money around with outstanding security thanks to the blockchain technology it’s built-in. You will never have to share any personal information or financial information when transferring funds using the NEW cryptocurrency.
Larger deposits: Cryptocurrencies do not have limits on the maximum send amount so you can move large amounts of value from one place to another without a hitch.
Faster withdrawals: Gone are the days of waiting a week for your winnings to come through. NEM provides rapid withdrawal times so you can enjoy your winnings straight away.
No Fees: You don’t need to be concerned about any banking fees to crypto payments. The blockchain network does not work on fees and therefore you can move money without any costs.
Disadvantages
Many people are still not educated on cryptocurrencies and believe there is a lot of risk of using them. Of course, there are disadvantages like any other payment method, but not many, and the perks far outweigh the drawbacks. Let’s take a look at the disadvantages you could experience when making NEM transactions.
Volatile: NEM is a volatile digital currency just like many other cryptocurrencies. You could purchase NEM at one price and it could have dropped down in value, or increased. So, you could be getting less (or more) if you store the currency before transferring it to your preferred online casino.
Fees
One of the reasons that cryptocurrencies have been on an unstoppable rise in recent years is because you can move money free and across borders without paying fees. This cost-effective form of payment doesn’t attach any fees to the blockchain infrastructure. However, we have to mention that your online casino operator may apply transaction fees to every deposit and withdrawal you make. You can find out if your casino puts fees on transactions by querying it with the support team or consulting the FAQs page.
Creating an Account
You can get up and running with NEM payments in no time at all. You will need to register with a crypto exchange where you can purchase and store the digital currency. This will require you to fill in some personal details and verify your account by providing a photo of your government-issued ID. You can then purchase NEW, make transfers and store the currency in the account. You can also consider purchasing a crypto hardware wallet that also offers the ability to buy, transfer and store the cryptocurrency with additional levels of protection.
Depositing
Making a casino deposit using NEW is not a difficult task. You can fund your real money balance by following a few easy steps. Let’s take a look at the process of funding your playing balance using the NEM deposit method.
- Choose NEM as your payment option.
- Enter the amount of your deposit.
- You should then be presented with a NEM wallet code.
- Head over to your crypto wallet and transfer NEM to the provided wallet code.
- Confirm the transaction and Your payment should be sent
- Once the funds display in your casino balance you can start enjoying the games!
Withdrawing
Getting money out of your online casino balance and back into your NEM wallet is also an easy and quick process. You will not need to endure the wait times that most standard bank and eWallet withdrawals have. Let’s take a look at the process involved in withdrawing your winnings.
- Head over to the casino cashier.
- Choose the NEM withdrawal option.
- Enter the amount you wish to withdraw and confirm.
- You should then be able to enter your NEM wallet code.
- Then the casino will confirm the transfer.
Security
The XEM cryptocurrency is a smart asset built for performance on the blockchain network. Users can get to appreciate brilliant levels of payment protection when making online payments using NEM. You will not be required to share any personal information or sensitive banking details when you make NEM transactions, everything is private.
Support
You can dive a little deeper into the world of NEM crypto on the official website and even contact support should you have any questions. You can also utilise the support team through your crypto exchange. NEM is a currency and not a financial institution so it is so much you can find out from the support team. Further to this, you can reach out to the online casino’s dedicated customer support service who will be available through email, phone and live chat. You can also take a look at the FAQs page for a quick answer to a general query.
Availability
NEM or XEM as it is displayed on the exchanges, has seen some serious growth recently and is being used more widely across the casino space. The technology and functionality behind this virtual currency will certainly appeal to those looking for easy, fast and scalable money transfers. Crypto-friendly casinos are still somewhat new and most only hold the likes of Bitcoin, Ethereum and Ripple. With more online casinos entering the market we can expect NEM to be a payment option on many new and existing online casino operators.
FAQ
Can I make withdrawals using NEM?
Yes, you can send money back to your NEM account. Withdrawals are usually sent back in a matter of hours.
Are there fees involved with NEM?
No, there are no fees attached to the crypto chain when making NEM deposits. However, the online casino operator may have their own deposit and withdrawal fees, independent of any payment method.
What is the best NEM casino?
We have researched for you so you can view the best casinos that accept NEM payments and make a choice yourself. We have listed the top-rated NEM casinos here.
Which online casinos accept NEM?
Use the list of NEM casinos to see all online casinos that accept NEM payments. We filter the casino top list to only show NEM casinos that accept players from your location.
