
When you wager at Monero betting sites you will process your payments through the blockchain. Whether you have heard much about Monero or not, this guide will provide you with everything you need to know.
Monero betting offers a range of perks such as anonymity, and flexible limits, and it is widely accessible at many crypto sportsbooks. While crypto sports betting works significantly differently than traditional methods, you will enjoy all the same sports and eSports betting markets.
Before we start discussing how to place bets using Monero, it's important to take a moment and review the XMR trend chart to get an understanding of how Monero is doing at the moment. We have compiled a list of the top places where you can bet using XMR, and we want to make sure that you have all the information you need to take advantage of your cryptocurrency wagers. So, let's get started!
Let’s take a look at some of the top-rated Monero bookmakers:
Stake is one of the most popular online betting sites, and for good reason. It offers everything any modern bettor needs - 40+ sports, live betting, secure payments, and 24/7 customer support.
1xbet is a well-known reputable online bookmaker that accepts a range of cryptocurrencies. Whether you’re interested in sports or eSports, 1xbet caters to all types of bettors.
Sportsbet.io offers a convenient, user-friendly platform that hosts a range of crypto and fiat currencies, great support, and an extensive range of sports betting markets.
Bookmaker | Welcome bonus | Existing player bonus |
---|---|---|
Stake.com | 200% up to $1,000 | $250 bet insurance on UFC |
Sportsbet.io | N/A | 250 USDT to use on football bets |
1xbet | 100% match deposit bonus, up to $100 | 20% Cashback |
Monero betting is a form of crypto betting that allows you to process 100% anonymous payments that will never show up in your banking history. What happens between your Monero wallet and your sportsbook will stay between you.
But there are many more things that you should note before getting started with blockchain betting and we’ll outline some below:
Let’s unearth some of the core benefits of using Monero and other cryptos such as Tether betting.
When you process payments for decentralized betting they are completely anonymous because they are not linked to your bank and you don’t need to disclose any personal details. As such, they are untraceable and no one needs to hear about your gambling activities if you don’t want them to.
Monero betting sites have the potential to give you access to much better odds than you may find at traditional bookmakers. This will vary from sportsbook to sportsbook, but generally, you could find more competitive odds on selected markets. Crypto sportsbooks such as Monero, Ripple, and Cardano betting sites are known for offering great odds on certain sports, particularly football.
Blockchain technology offers amazing processing speeds for both deposits and withdrawals. Plenty of Monero betting platforms may offer near-instantaneous transactions.
When our sports betting experts rank Monero betting sites, we do so by following strict criteria to uncover the best possible options. Here’s a glimpse at what our process looks like.
We pay close attention to the types of sports markets that are available. We check for all the major sports and eSports, in-play betting, and live streaming.
We confirm that the sportsbook has valid licenses and that all the key security elements are in use such as SSL encryption and safe gambling practices.
The best Monero betting sites offer amazing welcome bonuses and ongoing promotions for existing bettors. We make sure the bonuses are decent and we even test some out to make sure they are worthwhile.
We make sure that all the sportsbooks we recommend have user-friendly interfaces.
We look out for a good list of crypto and fiat currencies, along with transaction fees, speeds, and payment limits.
Top-tier customer support is vital and we make sure that there are some decent options for reaching someone if you have any issues. We particularly like to see live chat, email support, and a good FAQ page.
Along with some good bonuses, we also like to see a solid VIP programme that rewards returning bettors.
Now that we have discussed our internal rating process, we will now move onto offering some advice on how to carry out research and pick sportsbooks yourself.
Sports betting with Monero works a little differently than traditional sports betting. In this section, we will provide answers to some common questions about using Monero at a sportsbook.
Getting started is pretty straightforward, but here is a quick guide on what you need to do.
Withdrawals are incredibly easy, just follow the below steps on how to request a payout:
That’s it! There really isn’t much to it at all. All you need is to have your Monero wallet details to hand.
Monero bookmakers are experiencing significant growth in popularity and it is easily assumed that this will continue to be the case, so you could see many more Monero sportsbooks over the next few years.
This is largely because of the huge benefits cryptocurrencies have, such as anonymity, speedy payouts, flexible payment limits, and more. We believe that Monero sportsbooks will be even more widely available in the future, bringing them to the forefront of the online gambling industry.
Here’s a quick look at some of our favorite types of promotions at crypto sportsbooks:
This is usually the first bonus that you will be offered at a sportsbook. While some don’t offer them, most do. A welcome offer is likely to come in the form of a matched deposit bonus, or bonus bet credits.
A matched deposit offer means the sportsbook will ‘match’ your deposit by a certain percentage. For example, a 100% matched bonus up to $250, will double the amount you decide to deposit.
Many sportsbooks offer bonus bet deals for new sign ups. You’ll usually need to make a deposit and place a bet for a specific amount to receive your bet credits. E.g. place a $10 bet to receive $50 in bonus bet credits. Bonus bet credits for existing bettors are more usually for a designated sport.
As the name suggests, this is when the sportsbook offers to refund you in bet credits for a losing wager, up to a specific limit.
Some sports betting sites offer regular cashback deals. The exact terms will vary but you will usually be given a certain percentage back on your net losses over a specific time period.
As we have highlighted on this page, Monero offers plenty of advantages for the modern sports bettor, so it’s clear to see why many sports betting enthusiasts are opting to use this payment method.
While cryptocurrencies can be a little daunting at first, Monero is easy to learn about and you will be up and running in no time. Deposits and withdrawals work in a very similar way to fiat currency, as there are no additional steps required, making it an ideal coin for crypto newbies.
Before you can buy crypto such as Monero, you will need to choose which exchange to use for this. Make sure that you research all your options and use real customer ratings to help you. There is no single answer as to which exchange is the best for you, so make sure you decide based on your preferences.
Deposits will usually be instant, just like with fiat currency. The key difference is with withdrawals which are super-fast. While fiat currencies can take up to several working days, Monero payouts can also be instant.
Monero sportsbooks offer deposits and withdrawals using this crypto coin. All transactions are processed through the blockchain, making them secure and fast. Otherwise, you’ll place sports or esports wagers in just the same way.
Monero is legal to use and it is widely available across the world. As cryptocurrencies don’t have any geo-restrictions, you can use them wherever you are.
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