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If you want to be as private as possible when gambling online, then Monero betting is the way to go. Crypto gambling is known for its privacy and security in general, but XMR takes things to the next level.
On this page, you can check out the top Monero betting sites where you are and directly access our expert reviews. On top of that, we’ll explore the pros and cons of using XMR for gambling and look into what the best betting sites have to offer. Finally, we’ve topped everything off with a walkthrough guide to XMR betting online.
Before you start placing your bets with Monero, have a look at the XMR trend chart below. This chart offers a quick snapshot of Monero’s current market performance. We’re here to not only show you the top places for betting with XMR but also to keep you well-informed so you can make smarter decisions with your crypto bets.
Here at TheGruelingTruth, you can use our Monero blockchain betting comparison tool to find the best sites where you are. We use geolocation technology so that you can only find and access reviews of the top sites and apps that are legal in your location.
More So than Cardano betting and other cryptocurrencies, Monero (XMR) is ideal if you want to enjoy more online privacy. The technology used on this blockchain is designed to enhance your privacy and anonymity even more.
As a result, no one can detect your XMR payments or see that you are using your money to gamble. This keeps your sports betting activity hidden from your bank and, crucially, away from your credit score.
Below you can check out the main advantages of using XMR crypto betting sites:
As we said above, Monero betting implements more privacy-enhancing technologies than most other cryptos. This allows you to enjoy complete anonymity when gambling online.
Regular gambling sites have to pay large fees to Visa, Mastercard, PayPal and other payment providers. Therefore they often take a higher “vig”, which results in higher odds.
Monero and Tether betting sites have much lower overheads as they don’t have to pay these banks and multinational companies. Most platforms will pass these savings on to you in the form of better odds which means larger expected profits.
Monero deposits and withdrawals are processed on the blockchain, which is faster than all traditional payment methods. As a result, your deposit should take no more than 15 minutes and most Monero betting sites will pay out within 24 hours.
On the whole the pros by far outweigh the cons when it comes to gambling online with Monero. However, as is the case with everything in life, there are a few potential pitfalls that we should point out:
Below you can see the main criteria that we consider when rating and reviewing Monero betting sites:
| Good market coverage | First and foremost, we want to see a good selection of sports and betting markets on the site. Naturally, the staple favourites such as football (soccer), basketball, rugby and the NFL have to be there, as well as horse racing, golf and boxing. Additionally, the beauty of crypto gambling sites is that they often offer more niche sports, such as bandy, water polo and esports. |
| Safety and security | Above all else, it’s important that you are safe and secure when gambling online. Monero blockchain payments are more secure and anonymous than fiat transactions, but it’s still important that the site has 16-bit encryption and other technology that protects you from hackers. |
| Bonus offers | As well as testing the bonuses ourselves, we also read the T&Cs to make sure that there are no trip hazards in the small print. Common red flags include high wagering conditions, short time limits and high minimum odds requirements. |
| Usability | A good betting site should be easy to use and navigate for punters of all experience levels and gambling styles. Ideally, everything should be intuitive and quick – from creating your account profile to placing your first bet and beyond. |
| Wallet options | How you store your XMR and other cryptos is important, and we usually find that the best decentralized betting sites support the top crypto wallet providers. Some crypto gambling sites will allow you to open a wallet and purchase XMR directly on their platform. |
| Customer service | If and when things go wrong, it’s important that you can find efficient and helpful customer service that’s available 24/7. Live chat services are the most common ports of contact these days, but are often plagued by bots delivering a poor service. Therefore, one of the things that we value above all else here is proper human interaction. Often, the email service provides a suitable alternative if the live chat lets us down in this respect. |
| VIP programme potential | On top of the welcome bonus, you will find that the top Monero betting sites also reward their existing players justly based on spending and gambling activity. Many VIP programs look good on paper but aren’t worth it in practice, so we always put them to the test. |
Now that we’ve covered what makes a good XRM betting site, here is how to find the best providers where you are:
For starters, check that the site has at least one recognized online gambling licence and has a good reputation among existing players and experts.
Check the T&Cs for a list of country restrictions to make sure that your location isn’t on there. Before you get to this stage, the licence(s) that the betting site holds will already give you a strong indication.
Make sure that the site covers the sports and bet types that you want to back, no matter how mainstream or niche your tastiest might be.
Here at TheGruelingTruth, we’re crypto and XMR gambling experts, and we only recommend legit and reputable sites. As a result, if you choose to register with one of our favourite betting sites, you will more than likely find yourself in good hands.
Are you looking to get started with Monero gambling online today? Your safety is what we value first and foremost here at TheGruelingTruth.
To set you off on the right path, follow our step-by-step guide below to get started:
Here are the steps that you need to take to start betting online with Monero today:
Once you have some winnings in your Monero betting balance, you can withdraw funds as follows:
In all honesty, the future looks pretty bright for Monero and crypto betting online in general. As you have probably noticed, we are moving towards a cashless society, with online and in-person payments being increasingly digitised without a cash alternative.
For many of us, this is concerning on a privacy level, as every single transaction that we make can be traced. With traditional paper money slowly being phased out, there is a widening gap in the market for an untraceable alternative.
This is where we see crypto gambling and crypto transactions in general increasing in popularity and uptake. As it is more focused on privacy-enhancing technology than most cryptocurrencies, Monero could likely become a market leader in this regard.
In addition to our betting site reviews, we have also tested and rated the top sports betting bonuses, decentralized betting information and for crypto and traditional online gambling. You can check out the best-rated sports betting bonuses where you are via the banners on this page.
That just about summarises everything that you need to know about the world of Monero betting, including the upsides and pitfalls. At the end of the day, the most important thing is that you choose a reputable provider, so that you are safe and secure whilst enjoying quick and anonymous deposits & withdrawals.
To do that, you can use the comparison tools and expert reviews right here at TheGruelingTruth.
Previously, we would have recommended Binance as the top crypto exchange for MoneroHowever, they delisted XMR recently, so you can check out the top alternatives here at TheGruelingfTruth.com instead. Moreover, there is every chance that Monero will return to Binance in 2024.
Monero deposit and withdrawal times vary on different betting sites, but on the whole, they are much faster than traditional (fiat currency) online gambling payments. Typically, deposits will be instant while withdrawals can take anything between 15 minutes and 24 hours.
Monero online gambling sites work the same as most other sports betting apps. The only difference is that instead of funding your account with a fiat currency such as USD, GBP or EUR, you fund deposit and bet with XMR.
The answer to this largely depends on your location and the site that you are using. First and foremost, check the crypto gambling laws in your country. Secondly, make sure that the betting site you are looking at has a valid online gambling licence that is accepted by the authorities in your jurisdiction.
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.
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