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Monero is one of the most private and secure cryptocurrencies because transaction details are completely confidential and untraceable. This explains why Monero betting is becoming so popular.
In addition to being highly private and secure, this cryptocurrency also offers lightning-fast transactions and low fees, making it an attractive payment option at betting sites. To get started, simply choose one of the Monero betting sites featured on this page. Each one has been thoroughly reviewed and given my seal of approval.
Before we delve into the details of how to place bets using Monero, it’s essential to take a moment and review the current trend of XMR. This will help you understand how Monero is performing at the moment. We have compiled a list of the top places to bet using XMR. We aim to provide you with all the information you need to make informed decisions regarding your cryptocurrency wagers. So, let’s get started!
While it’s true that Monero betting sites are less common than traditional betting platforms, their numbers are increasing in response to the growing demand for this cryptocurrency and the advantages it offers over fiat currency. Among the platforms that accept Monero for payments, I’ve identified 1xBet, BC.Game, and 22Bet as the top choices.
1xBet stands out as one of the best sites for Monero betting, offering competitive odds across more than 40 sports. The platform allows deposits from as low as 1 USD/EUR in Monero equivalent, and the minimum withdrawal is set at just 1.50 USD/EUR. Notably, 1xBet also imposes no Monero transaction fees, and withdrawals are processed swiftly, typically within 15 minutes.
BC.Game is a leading online sports betting platform with competitive odds on over 35 sports and esports. What sets it apart is its exceptional crypto-friendliness, accepting over 90 different cryptocurrencies, ranging from Bitcoin and Monero to stablecoins like Tether. So if you’re ever concerned about the volatility of regular cryptocurrencies like Monero, you can always switch to Tether betting instead, which offers more stability since it’s pegged to the USD.
22Bet is a top-rated online sportsbook that offers betting opportunities on more than 40 sports, covering both popular and niche options. It stands out for providing some of the best odds in the Monero sports betting scene, ensuring you can place wagers with confidence in knowing that you’ll get some of the best returns on successful bets.
Monero betting sites are increasing in demand, which is no surprise considering the benefits they offer. Here are the main ones to consider.
If you’re looking for a payment method that guarantees anonymity and keeps personal information private from betting websites, Monero is an excellent choice. It is the only leading cryptocurrency where every user is anonymous by default.
Unlike Bitcoin and Ethereum, which have transparent blockchains that allow global tracing of transactions, Monero ensures that transaction details remain confidential and untraceable. Only the sender and receiver, who possess the specific keys, will ever know the exact transaction amounts. This is perfect for keeping your betting activities private.
The odds you’ll find can vary depending on the betting site you select. However, many Monero betting sites, especially those that I have recommended on this page, provide exceptionally favorable odds. This means you get some of the highest possible payouts on winning bets. This comes from reduced house edges and frequent odds boosts across various betting markets.
While instant deposits are standard at most sites, quick withdrawals are not as common. If you’ve experienced betting with fiat currencies at traditional sportsbooks, you’re likely familiar with the frustration of waiting for a payout to arrive in your bank account. Typically, even at top-rated sportsbooks, payouts can take days. This is because transactions are manually processed by banks and third-party services.
However, it’s a much different story with Monero. Because Monero allows for decentralized betting, there’s no need for multi-day waiting periods, allowing for much faster payouts. From personal experience, I’ve never had to wait more than 20 minutes for a payout from a Monero betting website. This level of speed is virtually unheard of at regular sportsbooks.
Whenever I review a Monero gambling site, there are specific criteria I consider before giving a final rating.
My goal is to share my review process with you, providing the insights you need to independently identify top-rated gambling sites. Here’s a rundown of the key factors I look for.
In my reviews of Monero gambling sites, I always pay close attention to the various markets on offer. It’s important to find sites that offer markets for a variety of sports, ensuring there’s something for everyone. Additionally, I look for the availability of in-play betting options. This feature means that even if you miss the start of a game, you can still place bets as the live action unfolds.
The use of blockchain technology ensures transactions are secure and protected on the blockchain. However, I also look for the presence of extra security measures like SSL encryption and two-factor authentication. These added layers of security safeguard your personal information and passwords, making them inaccessible to hackers and ensuring a completely secure betting experience.
Bonus offers can significantly enhance your betting experience, providing more opportunities to bet and win additional funds. However, not all bonuses are worthwhile; some come with eye-catching figures but are tied to unfair conditions and unrealistic wagering requirements.
Therefore, I not only look for sites that offer generous bonuses but also check to ensure that the terms are fair. This approach aims to increase your chances of actually being able to withdraw your winnings.
Even if a betting site boasts an extensive selection of markets, outstanding odds, and generous bonuses, a poor user interface and slow loading times can ruin the overall experience. That’s why I emphasize the importance of looking for sites that are not only well-designed but also have fast loading speeds, ensuring a positive and seamless user experience.
Numerous wallets offer support for Monero, including highly secure hardware wallets that provide an extra layer of safety for your coins. Popular options include the Ledger Nano series (S, S Plus, X) and the Trezor Model T. It’s important to verify that the betting site you choose supports these wallets. This compatibility ensures you can transfer your Monero to and from your sportsbook account both swiftly and securely.
Whether you’re looking to start betting with Cardano, Monero, Bitcoin, or any other cryptocurrency, one of the essential aspects of any betting site is its level of customer support. Without reliable and responsive customer support, you’re completely lost if you get stuck or have any questions.
Because of this, I look for sites that offer 24/7 support via channels such as live chat and email. I then test these support channels to ensure the response times are fast and that the agents are trained to deal with complex requests.
I always see sports bettors hop from one site to another to take advantage of different welcome bonuses. While not the worst approach, there’s a much better strategy. Rather than chasing various welcome offers, it’s better to invest your time and funds in a site that offers a rewarding loyalty program.
From my experience, the best bonuses are often accessed through these programs. These bonuses can range from free bets and cashback offers to exclusive promotions, significantly enhancing your betting experience.
A common misconception about Monero gambling is that you need to be tech-savvy and have a solid understanding of how blockchain betting works. However, that’s not the case. All of my top recommended sites have been designed to be user-friendly. So even if you’re a complete beginner, you can still get in on the action with little fuss.
To start gambling with Monero (XMR), your first step is to acquire some of the cryptocurrency. You can purchase XMR through a crypto exchange like Coinbase or Binance. Alternatively, many betting platforms offer the option to buy XMR directly, streamlining the process for beginners. If you choose to purchase XMR on a separate exchange, you can follow these steps to make a deposit and start gambling:
After the transaction is confirmed, which usually takes no more than 20 minutes, the funds should appear in your account. Then, you’re all set to explore the sportsbook and place your bets.
Withdrawing your winnings from a Monero gambling platform is quick and easy, much like making a deposit. Here’s a step-by-step guide to help you through the process:
After completing these steps, all you need to do is wait for the transaction to be processed. Although it can take up to 20 minutes, transactions are typically processed much faster based on my experience.
As is the case with any type of crypto betting, Monero sports betting comes with its own advantages and disadvantages. Here are the main ones to keep in mind:
The future looks incredibly bright for Monero in sports betting. It’s already one of the leading cryptocurrencies, and since it offers sought-after features like increased privacy, low fees, and lightning-fast transactions, it could soon become the payment method of choice for most sports bettors.
If you want to experience these benefits firsthand, you can simply visit one of the top Monero betting sites recommended on this page. They have all been reviewed based on t he criteria outlined in this guide, so you can be sure that they tick all the right boxes.
Choose a trustworthy crypto exchange that supports Monero (XMR), such as Coinbase or Binance. These platforms have a good reputation and facilitate easy transfers of XMR to and from your preferred Monero sportsbook.
Monero withdrawals and deposits typically take less than 20 minutes to process, making it a more attractive payment option when compared to fiat currencies, which can take several days for withdrawals.
Monero betting sites work similarly to regular betting sites. However, instead of using fiat currencies such as USD, EUR, and GBP, you use cryptocurrencies such as Monero (XMR) for transactions.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
