Best Monero Sports Betting Sites

Reviewed by

Reviewer face
Reviewer face
Reviewer face
Kathleen M., Nicholas W., Tamara T.

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Betflip
Sports Rating
2.45
Available in
Visit Betflip
See other choices

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Intro

This comprehensive guide outlines our top-rated Monero betting sites in 2022.

Frankly, there are an insane number of sports betting websites to choose from, so we hope this information proves valuable to you when choosing a suitable option.

That being said, we understand your desire to immediately learn about the top 7 betting sites accepting Monero for 2022.

Here is our top 7:

Best Sites

1.

Betflip

Sports Rating 2.45
Available in
Available in United States
2.45
Bonus: 
111% up to €1500 or 1 BTC
Description: 

BetFlip is a crypto casino site that also offers an impressive sportsbook. The site offers several crypto deposit options as well as eWallet deposit options.
Betflip players can benefit from bonuses on their first 10 deposits with a  €10 or equivalent minimum deposit.

General Information

Year founded: 
2019
Cryptocurrencies: 
Monero
Ethereum
XRP
Dogecoin
Bitcoin Cash
Litecoin
Dash
TRON
Zcash
Tether
Bitcoin
Bitcoin SV
Languages: 
English
Spanish
Russian
French
German
Italian
Swedish
Finnish
Polish
Norwegian
Turkish
Licence(s): 
Curaçao

Anonymity

Betflip registration only requires an email, username and password but personal information is required to claim bonuses, and they reserve the right to request a KYC. The site reserves the right to check your identity prior to processing payouts and to hold withdrawals until your identity is verified. 

Reputation

BetFlip does not have a good reputation, with most review sites rating them as bad.

Pros and Cons

Provably fair games.
Pros Description (Normal): 
BetFlip has a random number generator that creates provably fair random numbers, used to determine the outcome of every game.
Secure website.
Pros Description (Normal): 
2-factor authentication is offered to keep your account secure
2,100+ casino games.
Pros Description (Normal): 
The site ranks among the best in the number of games offered.
Exclusive Sports bonus.
Pros Description (Normal): 
They offer a 111% first deposit bonus up to €1500 just for sports
Live casino cash back bonus.
Pros Description (Normal): 
You can get 20% of your net losses up to €5000 only for live casino
Cons Title (Bold): 
No VIP Bonus.
Cons Description (Normal): 
Almost all casinos offer a VIP bonus, so this is out of the ordinary
Cons Title (Bold): 
No anonymous play.
Cons Description (Normal): 
You must provide an email address to register, and they reserve the right to request a KYC.
Cons Title (Bold): 
Many unresolved complaints.
Cons Description (Normal): 
There are numerous complaints regarding unfair waging requirements and unresponsive customer service
Play on Betflip
3.

BC.Game

Sports Rating 8.62
Not Available in
Not Available in United States
8.62
Bonus: 
Various promotions available; see site for details.
Description: 

BC.Game is an exceptionally designed casino with awesome promotions and 50 cryptocurrencies to deposit! From a chance to win 1 Bitcoin to a VIP system with exotic vacations, there’s always a promotion to play for!

General Information

Anonymity

You can remain anonymous to create an account and deposit crypto, but BC.Game may require KYC when you withdraw your funds.

Reputation

BC.Game has a stellar reputation, with few complaints received. With a license from Malta Gaming Authority and many ways to contact the company, your crypto will be safe with them.

Pros and Cons

Not Available in United States
4.

22BET

Sports Rating 8.61
Not Available in
Not Available in United States
8.61
Bonus: 
100% bonus up to €122 sports betting bonus
Description: 

22Bet is a modern-looking sports betting and casino site. Since its establishment in 2018, the company has been thriving in the industry. 

General Information

Anonymity

22Bet doesn’t allow anonymous gambling, and players must leave their first and last name during the registration process.

Reputation

22Bet casino is a reputable brand with a trusted license and high-security measures. However, the brand should work on overall user satisfaction and complaints. 

Pros and Cons

Not Available in United States
5.

Fairspin.io

Sports Rating 8.41
Not Available in
Not Available in United States
8.41
Bonus: 
450% Welcome Package up to 5 BTC + 140 Free Spins
Description: 

Fairspin is a unique online casino, that has created a cryptocurrency of its own. Fairspin offers thousands of casino games, sports betting, and many bonuses and tournaments to participate in. 

General Information

Anonymity

Fairspin does not allow anonymous gambling, but you can start playing with only your email address and phone number, so you don’t need share all your details straight away. 

Reputation

Fairspins enjoys a solid reputation with punters, but some players have complained about slow withdrawals. 

Pros and Cons

Not Available in United States

Why Should I Make the Switch to Monero on Betting Sites?

You’ve probably heard some hype about XMR betting sites and want to know if they are worth your while.

After all, the whole crypto market remains a mystery to many people despite being exposed to a relatively large audience.

In our experience, most people who play with XMR on bookies have no interest in returning to fiat websites.

Below, we outline a multitude of reasons why this is the case.

Fiat currency is losing value each year

Fiat is a government-issued currency backed by the government that issues it rather than a physical commodity like gold.

Things such as the supply of money and interest rates determine its value.

The United States Dollar is one of the best-known fiat currency examples.

One of the major risks of any fiat currency is hyperinflation, a scenario where its purchasing power decreases.

Recently, the Federal Reserve Bank of St. Louis analyzed inflation and found something disturbing.

The financial institution set the dollar’s value at 100 in 1983, and found that in 2021, this figure had fallen to 37.

In layman’s terms, the dollar’s purchasing power is just 37% of what it was in 1983

The increase in earning power has been nowhere near as high as inflation during this period.

In fact, since the end of the 1970s, wages have increased by under 1% annually, a percentage that’s significantly below inflation.

Ultimately, holding on to fiat will only make you less wealthy in the long run.

If fiat is so bad, why does it exist?

Fiat currencies ensure governments retain control of their respective economies.

Financial institutions ultimately have the final say regarding who uses fiat currency and why.

It is time for us to move away from fiat, and Monero is the future of money.

Proponents of crypto point out that it can act as a hedge against inflation, ensuring you retain a reasonable degree of purchasing power.

Privacy

Anyone who has ever tried putting money into a betting website account knows it is often a struggle.

Realistically, you can’t use your debit/credit card or deposit via a bank transfer.

Financial institutions habitually punish people who use sports betting sites.

Indeed, getting a loan is virtually impossible once a bank statement reveals activity on a sports betting site.

For instance, the bank will likely reject a mortgage application solely because you used a betting site once or twice.

Even if you’re only a casual user, this is likely the case.

However, when you use XMR, financial institutions can no longer make your life a misery because of your pastime.

Crypto is decentralized, meaning you can use it to make transactions without requiring an intermediary.

Therefore, when you use sports betting sites and deposit Monero, you effectively do so in secret.

Your bank statement shows no such transaction, meaning you can enjoy yourself off the bank’s radar.

The value of cryptocurrency could rise significantly

Historically, Monero is subject to substantial peaks and dips, and its trajectory is often unpredictable.

Even so, over a long period, there’s a chance that digital coins will offer a sizeable return on investment.

Realistically, the trillion-dollar market cap that the cryptocurrency market reached is only the beginning of its journey.

With worldwide wealth estimated at over $430 trillion as per Forbes, Monero is likely only in its infancy as far as value is concerned.

Compare this to fiat, which seems as if it is on a death spiral.

Therefore, when you use Monero on betting sites, the money in your account could increase even if you rarely use the site.

Full control over your money

Apart from potentially being worth more than fiat, XMR also gives you a greater level of financial freedom.

Without the interference of financial institutions, things open up.

Crypto is widely adopted

When the cryptocurrency market was developing, most people knew about Bitcoin and nothing else.

However, times have changed, with dozens of other digital currencies now grabbing headlines.

Although crypto is extremely useful in the online betting sphere, its mainstream appeal means it has many other uses.

Digital assets are welcome in many nations, despite not being legal tender.

However, in September 2021, El Salvador broke the mold by officially declaring Bitcoin as legal tender.

Other nations are set to follow suit, most likely Panama, Guatemala, and Paraguay, with more sure to follow.

Crypto offers protection

Monero enables you to make transactions on betting sites freely.

Sadly, this isn’t always the case with fiat and sports betting sites.

In the UK, for example, a new regulation in April 2020 caused havoc for many people who didn’t know about it.

When people completed their first deposits on bookmaker companies, they didn’t realize that the bank would prevent them from accessing their accounts.

If that wasn’t bad enough, banks took their sweet time when it came to lifting these restrictions.

In the end, customers were told that there would be consequences if they looked to make additional deposits.

Assuming the Monero sports betting site you use has a good reputation, using Monero ensures your steer clear of the stressful situation outlined above.

Get past geographical restrictions

Several nations forbid gambling of any kind.

You have no chance of getting involved in the action if you try to use a traditional sports betting site.

This is because your use of fiat currency is easy to detect.

However, if you pay for a reputable Virtual Private Network (VPN), you can register on XMR betting sites and avoid being caught.

VPNs create a private network connection, ensuring users can browse online privately.

Using XMR on betting websites adds another layer of protection due to the anonymous nature of digital currency.

This is a combination that enables you to wager regardless of your country’s laws.

Certain end-to-end Monero sports betting sites don’t care if customers live in a nation where betting with money is against the law.

Disclaimer

The content we’ve written above is for informative purposes only.

We are NOT advocating or encouraging any form of illegal activity.

Those who get caught will likely face serious punishments.

Suppose you live in the United Arab Emirates; if you’re found guilty of gambling illegally, you could spend up to 24 months in prison.

Also, let’s face it, any Monero bookmaker that encourages illegal betting is probably not the most trustworthy!

If they find out where you live, take your funds and close your account, you’ll have to accept it.

Ultimately, if you attempt to bypass gambling restrictions, you do so at your own risk, and we accept NO liability.

You have been warned!

Get paid quickly

If you’ve ever used a traditional sports betting website, you’ll know that payout speed is best described as ‘torturously slow.’

The above is due to sites linking with the banking system and the accompanying red tape.

It is a far different story with XMR betting websites because significantly fewer regulations bind them.

Don’t think this means a complete lack of regulation; bodies such as the Curaçao Gaming Authority do a fine job keeping things in order.

Yet, you still have the advantage of fast payouts because of a scarcity of red tape.

Those who champion Monero point out that digital currencies are known for allowing super-quick payouts.

High deposit and withdrawal limits

The transaction limits imposed by traditional betting sites are an issue if you’re a high roller.

You might find that it’s possible to deposit a lot of money but discover that taking out similar sums is impossible.

Why? That’s simple. It’s common for sports betting websites to limit withdrawals.

Indeed, you will probably need to provide documentation if you want to get a hold of a decent sum of money.

Another standard betting company trick is to close winning players’ accounts or implement restrictions on the amount they can bet.

At this stage, you’re lucky if you can make bets worth more than a couple of bucks.

With less red tape, Monero betting sites are free to permit substantial withdrawal sums and quite often do.

Our team was stunned to find a few sites without any transaction limits whatsoever.

Due in part to greater competition, such sites are also less strict regarding restrictions and bans for being successful at betting.

Modernity

A few traditional sites permit you to use Monero.

Unfortunately, this does nothing to improve the general transaction speed, nor does it impact deposit/withdrawal limits that much.

You often deal with old-fashioned design, poor value bonuses, and dreadful customer service.

If you’re looking for a modern-day experience, Monero sports betting sites are a long way clear of their conventional counterparts.

If you want great design, genuinely helpful customer service, and worthwhile bonuses, it is time to give these crypto sites a try.

Selecting the Right Monero Betting Site For Your Needs

You likely have a few important considerations when picking the right Monero sports betting site for your needs.

We recognize that every user is different, so we analyze multiple aspects of the Monero betting sites we review.

Here are some of the most pertinent.

Sports and sporting markets

The top-ranked XMR sportsbooks on our list can match or even exceed the range of sports and markets that standard sportsbooks let you bet on.

There is something for everyone from football to virtual sports and everything in between.

Additionally, there are more markets to bet on than you can count, so use your Monero wisely!

When it comes to betting on sports, it is all about getting the best odds if you want to win in the long run.

It is worth analyzing the odds available on several XMR betting websites to see which one provides the best value.

By doing so, you’ll possibly find that one site is the #1 for value odds.

However, you should also analyze the variety of sports and markets available to ensure the site has everything you need.

Is the Betting Site end-to-end crypto or not?

Don’t assume that you’re on an end-to-end crypto betting site just because it accepts Monero.

Keep reading to learn why you could lose money by making the wrong choice.

Standard Sportsbooks

It is folly to believe that traditional sportsbooks which happen to permit Monero are useful.

While you can deposit with XMR, things go against you from then on.

Your digital asset becomes fiat immediately and doesn’t return to its crypto form until you withdraw your money.

In other words, your account never actually contains Monero.

If that isn’t enough to put you off the process, you also pay deposit and withdrawal fees.

Therefore, if you believe XMR’s value will increase, you must use an end-to-end XMR betting website instead.

Why choose end-to-end Monero Bookmakers?

When you use end-to-end sports betting companies accepting XMR, you conduct every type of transaction exclusively in digital currency.

As a result, your balance is shown in cryptocurrency, so you could profit if its price rises but lose money if the price falls.

Certain XMR sports betting sites even accept a handful of digital currencies.

Look for the following features if you plan to use end-to-end crypto sites:

  • Anonymous play

  • Quick deposits and withdrawals

  • A relative absence of transaction limits

  • Unfortunately, some Monero sportsbooks fail to provide the above, so we invite you to go through our reviews to find the ones that do.

What kind of bonuses are on offer?

For many bookmaker users, a site’s bonus offering is a crucial consideration.

We investigate this section thoroughly by dividing it into three distinct groups.

Welcome bonus

Not every XMR bookie offers a welcome bonus, but most do.

Such sites work hard to convince you that they’re doing you a favor.

Especially if the site gives you a bonus worth the same as your first deposit.

Let’s say your first deposit is $200; the XMR sportsbook’s bonus of $200 seems very generous at first glance.

Alas, it is too good to be true because of the major restrictions included.

Namely, the fact that you can’t withdraw a cent from the Monero sports betting site until you bet with a minimum of 30 times your deposit.

Consequently, you must make at least $6,000 worth of bets with a $200 initial deposit before getting any money.

As a result, your hard-earned $200 is as good as gone, barring a major stroke of good fortune.

With this in mind, it makes sense to investigate a site’s promotions and VIP package instead.

VIP program

Big players at casinos expect preferential treatment in the form of upgraded accommodation, sports tickets, and free meals.

Although Monero bookmakers can’t match the above, they can create a VIP package that attracts and retains big spenders.

The best sites offer innovative rewards programs to loyal players.

Many sites use points reward systems where players earn a point for every dollar they spend on a site.

Once you reach 1,000 points, you receive $10 cash back with no other strings attached.

These programs are often an effective means of keeping high rollers loyal to a specific bookmaker platform.

Other VIP program perks could include special gifts and access to unique games.

Unfortunately, certain Monero betting sites fail to offer the value provided by a high-quality VIP program.

Our Monero betting site reviews include detailed information on the standard of VIP programs available.

Are the promotions worth your time?

The frequency of promotions is less important than their standard.

Sites that provide a constant stream of promotions are often guilty of diluting the quality.

In truth, it is rare for standard sportsbooks to care a great deal about promotions.

Instead, they offer bonuses with many stipulations that are almost impossible to benefit from genuinely.

XMR betting sites are different insofar as they know the value of great promotions for customer retention.

Once they receive rewards worth mentioning, players have a much better time on the site.

Payments

No matter how many games, bonuses, or features betting sites with Monero offer, they’re not worth your time without payment variety and reliability.

Our reviewers investigate the number of digital coins you can use, along with information on withdrawal limits, not to mention how quickly you’ll get your money.

How quick are withdrawals?

One of XMR ‘s main benefits is its lightning-fast transaction speed.

While some digital currencies can process a few transactions per second, others can perform tens of thousands.

The top-rated XMR betting sites know that customers expect quick access to their cash, with some offering instant withdrawals.

We check out the sites that offer the fastest withdrawal speed and outline any potential problems you’ll face.

What are the withdrawal limits?

Conventional sportsbooks are notorious for implementing irritatingly low withdrawal limits.

It is standard for such sites to keep withdrawal maximums to $10,000 per week, and this is the best-case scenario!

This is infuriating if you land a big win, only to discover it takes weeks or even months to withdraw it all.

Luckily, most reputable Monero bookies have no issue allowing you to take out potentially huge sums.

There are plenty of sites that offer limitless withdrawals.

Therefore, you can rest easy in the knowledge that your next huge win will be transferred in seconds!

Crypto options

There are thousands of cryptos to choose from, with developers creating new ones at an astounding rate.

Unfortunately, only a small fraction of the market has genuine growth potential.

Therefore, it is understandable for sports betting sites with Monero to remain selective regarding the coins they allow.

Nonetheless, it should support Bitcoin and Ethereum at the very least, along with a few others that have serious potential.

Is it legal to Bet in your country?

There are plenty of countries worldwide that prohibit gambling.

Regrettably, people in such countries register with XMR betting sites, believing they can get away with wagering.

Top-rated betting websites with XMR support users in the vast majority of nations where betting on sports markets or casino games is legal.

If you attempt to register with such sites from a country with a gambling ban, you’ll quickly learn that it is almost impossible.

In contrast, scam sports betting sites with XMR don’t care about legality and allow you to join no matter where you live.

They do this because they can claim ignorance of the user’s location at first.

Once you deposit money, however, they ask for verification details and ban you while withholding your money.

One workaround is to invest in a VPN to avoid geo-restrictions.

Legit Monero betting sites will ban you if they find out, but at least you’ll get your money back.

Your biggest concern is ensuring that the authorities don’t know about your illegal actions!

Monero Betting Site Reputation

The permanence of Monero transactions is often marketed as a selling point, but there is also a downside.

Without putting pressure on you, a slight mistake during a transaction is enough to lose everything you send.

As you can imagine, scam bookmakers accepting Monero relish the opportunity to take your money if you’re unfortunate enough to use them.

Monero is decentralized, meaning there is no banking entity to listen to your complaints and act upon them.

With this in mind, discovering everything you can about the reputation of XMR betting sites is crucial.

While we encourage you to conduct research, we also invite you to read our reviews.

We spend hours on each betting site accepting XMR we review, noting our experience, and also get additional first-hand information from real users.

This thorough process ensures you get the full picture of a site’s reputation.

Customer support

One of the essential facets of any site is its level of customer support.

XMR sports betting sites with poor or non-existent support hang players out to dry if there’s a problem.

A well-trained customer support operative can help you relax if there is an issue.

Each review highlights whether a site is dedicated to great customer service or has little interest in helping players.

CryptoManiaks reviewers get in touch with the site’s customer service team, noting how quickly an agent responds and whether they were helpful.

Does the Monero Betting Site Provide a Diverse Range of Wagering Options?

These days, XMR betting site competition is fierce, so they have no option but to excel in terms of the sports and markets on display.

Our reviewers have gauged the quality of the sports markets on offer, and you can use this information to make an informed decision on the site you choose.

Monero Bookmaker Sports & Available Markets

Those who enjoy sports betting will love the remarkable choice provided by XMR betting websites.

When reviewing betting platforms that accept XMR, we investigate the different sports and markets available, not to mention the available odds.

Betting experts know that they can forget about making a profit without the right pricing in a sports market.

Below are five of the most popular sports available on crypto sites, along with bullet point lists of common markets.

eSports

The electronic sports industry is no longer a niche market; it has become a global phenomenon.

These days, eSports are so popular that the world’s best players can earn a good living.

eSports consists of world-class video gamers testing their skills in specific leagues.

Popular games include Rainbow Six, Call of Duty, and FIFA.

In eSports, there are tons of markets to choose from, including:

  • Match lines

  • Event winner

  • Match handicap

  • First kill

  • Map totals

If you’re planning to bet on esports, learning as much as possible about them is essential.

However, we’ve created an overview of five well-known games on bookmakers accepting Monero to help you get started.

Rainbow Six: Siege

Released by Ubisoft in 2015, few games have captured the attention of the esports community more than Rainbow Six: Siege.

It is a standard First-Person Shooter (FPS) game where each team consists of five players who attack or defend.

There are over 50 characters (also known as operators) to choose from.

As with DOTA 2 and League of Legends, much thought must go into picking an operator for strategic reasons.

Rainbow Six: Siege differs from other popular FPS games insofar as you have the option to damage terrain.

From a tactical perspective, it is an interesting way to achieve your objectives.

Call of Duty

Often abbreviated to CoD, Call of Duty is among the world’s most popular First-Person Shooter (FPS) games.

In esports, Call of Duty involves two teams of players facing off against one another in numerous game modes, including:

  • Hardpoint: Those familiar with CoD know the importance of the ‘hardpoint,’ and teams earn points for each second they’re in charge of this region

  • Domination: Flags denote the three static objectives that the teams try to command, and they get points based on how long they dominate the flags

  • Search and Destroy: Team A tries to plant and explode bombs at one of the two bomb sites on the map, while team B tries to stop them from succeeding

The world’s best Call of Duty players compete in a league dedicated to the game.

DOTA 2

DOTA 2 is a multiplayer online battle arena (MOBA) game where you can select from 100+ characters.

It follows the standard esports format with two teams of five players competing against one another.

Winning at this game involves destroying the opposition’s “Ancient,” a massive structure located in the heart of their territory.

As well as attracting a phenomenal number of players, DOTA 2 is also watched by millions on a streaming platform called Twitch.

With 30 teams involved, The International is the #1 DOTA 2 event and takes place annually.

League of Legends

Released in 2009 by Riot Games, League of Legends (LOL) remains among the most played esports MOBAs.

In competitive LOL, each team (with five players each) tries to destroy the base (Nexus) of their opponents.

Pros pick one of the 130+ characters available and must note the different attributes of each before making a selection.

Players must complete challenges to enhance their character’s power if they want their team to win.

The LOL World Championship is an annual event, and the winning team gets to bring home the Summoner’s Cup, which weighs approximately 70 pounds.

FIFA

FIFA Football has been a major esports game since it featured in the first edition of the World Cyber Games in 2001.

The popularity of soccer means that regional tournaments feature a huge number of players from various nations.

Successful players are allowed to participate in the Regional Playoffs, an important part of the FIFA Global Series.

Players can only control one character at a time, so AI is in charge of the rest; this is considered a problem in some quarters.

Even so, the global appeal of soccer means FIFA should enjoy at least its current level of popularity for the foreseeable future.

How to Bet on virtual sports

Unlike real sports, where the competitors decide the outcome, virtual sports events rely on a random number generator (RNG) to determine the result.

When betting on virtual sports, please note that you see the same outcome as everyone else watching.

The betting site with XMR is unable to fix the result because the algorithm used is entirely random.

You’ll quickly find that virtual sports markets seem familiar because they replicate their real sports counterparts.

Since the ‘competitors’ never feel exhausted, Monero sports betting sites have the option to offer events every few minutes.

As a result, you have hundreds of wagering opportunities daily.

What are the most popular virtual sports to Wager on?

The growing popularity of these events means that sports betting sites accepting Monero are constantly updating their options.

These include darts, basketball, and soccer.

Once you place your wager, the event begins with everything decided completely at random.

Many bettors like that they can make wagers without needing to conduct research.

There are greyhound races every 60 seconds, with cricket fixtures usually occurring every four minutes.

As long as you wager within your limits, you might find that watching virtual sports is a fun way to spend some time.

What are the most popular markets in virtual sports?

betting on virtual sports markets is easy if you have experience in gambling on real sports.

Although the markets are simpler, there are plenty of options to keep you satisfied.

In basketball, you can bet on the points total or spread, whereas the following markets are available in soccer:

  • Winner

  • Final score

  • Double Chance

  • Scorer of the first goal

  • Asian handicap markets

Overall, those who use sports betting sites that accept XMR to bet on these events sometimes find the differences between them and real sports appealing.

Now, let’s examine the pros and cons associated with virtual sports.

Virtual sports advantages

  • There are hundreds of events every single day

  • As long as you use a reputable betting website with Monero, there is no chance of the event’s outcome being rigged

  • You don’t have to worry about injuries, weather conditions, or form when making bets

  • As there are events every few minutes, you never have to wait long to get involved

  • There is absolutely no skill involved whatsoever

Cons of virtual sports

  • As an RNG decides the results, there’s no possibility of gaining a statistical advantage

  • The betting website with XMR always has a decided house edge

  • Although it is convenient to have games every few minutes, it is easy to gamble away huge sums of money in a short period

  • Monero betting sites try their best, but the number of markets remains limited compared to real sports

  • There’s no question that virtual sports lack the excitement generated by their real-world counterpart

Pros and Cons Of Using Monero on Bookies

wagering with Monero could be a complicated experience for new users.

To start with Monero betting, you should have a look at its pros and cons.

All about Monero

Monero is an open-source system and cryptocurrency, based on privacy.

It was presented in 2014 as one of the primary cryptos to involve cryptography.

It has some benefits regarding fungibility and privacy over alternative cryptos.

XMR blockchain is opaque and transactions details are not accessible.

Its mining process is built on the principle of equality.

To enhance privacy level, Monero uses two features – ring signatures and stealth addresses

Benefits of Monero

You should know Monero’s benefits before betting.

Privacy

Monero is a cryptocurrency built on privacy.

Its token is delivered to assure untraceable and anonymous transactions.

When utilizing XMR on bookies, your details will remain away from third parties.

Great fungibility

Another characteristic that comes with privacy is fungibility.

Monero provides fungible tokens and you cannot distinguish them one from another.

If your wallet has some tokens from illicit transactions, no one can discover them.

Strong team

Monero consists of a strong development team that takes privacy seriously.

They are focused on consistent research before creating new privacy features.

XMR open-source project is one of the biggest from the brand, placing it among the top cryptos in the industry.

Cons of Monero

You should also learn more about Monero’s cons before placing the first bet.

Slow transactions

Monero’s transfers are a bit slower compared to alternatives.

Your transactions with Monero can take up to 30 minutes.

Potential frauds

Monero’s privacy can also have some bad sides.

For example, it can be used for prohibited activities.

That’s why people often connect it with criminal activity.

Storing problems

Monero has some storage issues.

Some wallets are not adapted to Monero.

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Written by

Viktor T.

Since 2017, Viktor has been passionate about exploring each corner of the cryptocurrency world, having worked with a variety of DeFi and CeFi projects. Outside of cryptocurrencies, Viktor is passionate about finance and investments, having been involved in the niche for more than 10 years already.

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