Monero betting sites

Monero betting sites 2022: The best bookies for Monero betting.
The growing interest in cryptocurrencies has also helped Monero to gain popularity, as many a bookmaker is already offering Monero sports betting. In this guide, we take a closer look at Monero sports betting online. We explain the special features of Monero and introduce you to the best Monero bookmakers.

The best Monero sport betting sites:

Monero Sports Betting Explained – Everything You Need to Know

• Monero is a decentralized and blockchain-based cryptocurrency that has been around since 2014.
• In principle, the digital currency can be compared to Bitcoin, but it made a name for itself primarily through its stronger focus on privacy .
• At the current time (February 2022) there are 18.1 million XMR – as the Monero coins are called – in circulation.
• The value of a Monero coin is currently around $140 , giving the cryptocurrency a market capitalization of $2.6 billion.
• In the past, Monero was one of the 20 largest digital currencies , today XMR can at least still be found in the top 50.

Monero sports betting allows anonymous transactions

As already indicated, Monero attaches particular importance to the anonymity of its users. To protect privacy, this cryptocurrency essentially uses three mechanisms:

• Stealth Addresses: The CryptoNote protocol on which Monero is based uses stealth addresses. Transactions are not publicly visible. This only works with the help of a private key, which can optionally be published or passed on to third parties.
• Ring Signatures: With Monero, transactions are always very heavily disguised or mixed up, making it practically impossible to track the flow of money.
• Pedersen Commitments: Transaction data is always transmitted in encrypted form.

How is Monero used?

To be able to use Monero to pay, you need a crypto wallet. Strictly speaking, this is the most important Monero sports betting condition. It is a kind of digital wallet in which XMR can be stowed.

You can create a wallet with a variety of providers. Metamask is one of the best-known representatives. On the other hand, if you create your digital wallet on a crypto trading platform such as Binance, Coinbase you can also purchase XMR coins here.

But keep in mind: Usually, only credit cards are offered as a payment method. Occasionally, however, trading platforms can also be found on which you can deposit money via SEPA transfer or e-wallet.

Bet types and betting markets with Monero

Which transaction method you use has absolutely no influence on which betting markets are available to you. This means: Regardless of whether you place Monero sports bets or use another payment method, you can always access a bookie’s entire betting portfolio.

The fastest way to find out what a bookmaker’s betting offer is is to take a look at our associated review .

Good providers for sports betting with XMR usually start with a wide range of sports . An attractive betting portfolio should include the following categories:

• Classics like football , tennis , basketball , ice hockey and handball
• Sports popular abroad such as American football , baseball and cricket
• fringe sports such as golf and chess
• Exotic sports like water polo, squash and beach volleyball
• eSports like League of Legends (LoL), Call of Duty and CounterStrike Global Offensive (CSGO)

Deposit and withdrawal at Monero betting sites 

If the digital currency is displayed in the payment portfolio of a betting site, you can usually also select a Monero as a deposit payment method. If you want to withdraw the winnings, proceed as follows:

• Log in to your bookie.

• Go to the withdraw section and tap on “Payout”.

• Select “Monero” as the payment method and enter the desired withdrawal amount.

• Enter your wallet address in the payment form and confirm the transaction.

As a rule, your winnings will end up in your wallet quite quickly – sometimes within a few minutes.

Even if, from a technical point of view, the payout can be completed five to ten minutes after receipt by the Monero sports betting site, some bookies need a little longer. We believe that as long as the money arrives the same day, there is nothing to complain about. However, the processing of the withdrawal request should not take significantly longer than 24 hours.

Do Monero bookmakers have an official license?

Yes, every reputable bookmaker with Monero betting has an official license. After all, such a license is the basic requirement for being able to legally offer Monero sports betting. As a rule, the bookies show the license in the footer of their website.If a betting provider does not have a license, you should definitely refrain from working with the bookmaker. In this case, it is very likely a dubious provider.

Do bookies offer special Monero bonuses?

We could not find a special promotion that is solely designed for Monero. Corresponding bonus campaigns usually relate to all cryptocurrencies, so you don’t necessarily have to use Monero. In addition, you can usually use the conventional new customer bonus for Monero sports betting.

Pros and cons of Monero sports betting

PROS	CONS
Both deposits and withdrawals are possible with Monero.	There are only a few bookies with Monero sports betting.
You can get Monero on all popular crypto exchange platforms.	Digital currencies are unregulated in some countries.
Your privacy is well protected with Monero.	The Monero rate fluctuates relatively strongly.
Payouts usually work faster than with classic means of payment.	If you want to buy Monero coins, you need a certain know how.

Alternative cryptocurrencies for sports betting

Of course, just because Monero is a popular cryptocurrency doesn’t mean there aren’t any alternatives. The digital currencies that can almost always be found at crypto bookies include :

• Bitcoin (BTC)

• Ethereum (ETH)
• Litecoin (LTC)
• Tether (USDT)
• Dash
• Solana (SOL)

FAQ – Monero Sportsbook