Monero betting sites

info@bestcryptogamblingsites.info
09.09.2022
288 Views

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:

Mystake

5/5
  • Wide selection of sports betting
  • Over 4000 games
  • Wide selection of cryptocurrency
  • A wide variety of welcome bonuses
  • No mobile application
  • Some countries restricted
100% up to €500
Play Now

Bc.Game

4.8/5
  • Over 6000 games
  • Crypto (over 20) and fiat payments.
  • Competitive Sportsbook Odds in different markets
  • Multi-level VIP program with attractive bonuses
  • BC Original games
  • Instant withdrawal
  • Some countries restricted
Up to 1 BTC
Play Now

Fairspin

4.7/5
  • Has a sports betting section
  • Multi-level loyalty program
  • Accepts both crypto and fiat currencies
  • No limits on withdrawals and the number of transactions
  • Many restricted countries
200 TFS + 450% up to 5 BTC + 140 FS
Play Now

22 Bet

4.4/5
  • Wide selection of sports betting
  • Over 4000 games
  • Over 40 cryptocurrencies accepted
  • Loicalization in more than 60 languages
  • Mobile app for IOS and Android
  • Some countries restricted
100% up to $300
Play Now
Monero Sports Betting Explained – Everything You Need to Know
Monero betting

Anyone who has never been active with an online betting provider and has placed tips will most likely ask themselves at this point what Monero bets are actually about? If a bookie offers Monero sports betting, you can use the cryptocurrency of the same name to transfer credit to your betting account and make bets .
Monero can therefore be assigned to the sports betting payment options . Below we have created an overview of the most important facts about Monero:

  • 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 :

FAQ – Monero Sportsbook

  • ❓What is Monero?

    Monero is a decentralized cryptocurrency that saw the light of day in 2014. You can find useful basic information about Monero and Monero sports betting in the beginning of this article.

  • ⚠ Does every bookmaker offer Monero sports betting?

    No, so far there are only a few betting providers where you can use the cryptocurrency for deposits and withdrawals. We have listed the best Monero bookies for you.

  • ✅ How to deposits via Monero?

    Monero deposit follows the same procedure as with other payments. You go to the deposit section, select the cryptocurrency and follow the instructions

  • ❗ Are there any special bonus offers for Monero sports betting?

    If you are looking for a Monero betting bonus , you will usually have to resort to the classic welcome bonus. In rare cases, the bookies now also offer crypto bonuses, which usually relate to all existing crypto currencies not just to Monero.

  • ⭕ What sports do bookmakers offer betting with Monero?

    Every bookie decides that for themselves. You will find mainstream sports like football and tennis at every bookie. However, a good betting offer should have much more to offer, for example exotic bets.

Author info@bestcryptogamblingsites.info

Leave a comment

Your email address will not be published. Required fields are marked *