Monero Betting Sites

What Is Monero and How Does It Work?

Even though people think that all cryptocurrencies facilitate anonymous transactions, that is not quite true. That's because blockchains are transparent and if someone tries hard enough, payments can be traced back to their source. However, Monero is different.

Launched in 2014, Monero is a popular cryptocurrency that uses various methods to code and obscure addresses so that users remain anonymous. The Monero blockchain doesn't allow outside observers to decipher transaction details, such as amounts, balances, and histories of transactions. That makes XMR the leading privacy-focused cryptocurrency out there.

Here's how Monero works and how improved privacy is achieved. When users send Monero, these XMR outputs are obfuscated using ring signatures. Ring signatures add decoy depositing addresses to transactions. In other words, fake addresses are grouped with the real output from the sender, meaning XMR transactions are obscured on the sender's end. Transactions are also coded on the end of the receiver. This is done using stealth, one-time, addresses that can't be linked to any shared XMR address. That results in fast and secure transactions that are always anonymous.

Facts About Monero Betting

Monero is the top crypto option for bettors that want to keep their balances and transactions private. So, it is not surprising that the number of Monero users is on the rise, especially at sports betting sites. Check out our Monero betting facts and figures to get a bettera of the numbers behind XMR and understand why punters are opting for the crypto.

Betting with Monero

Monero is a great payment method to use at sports betting sites, as it facilitates deposits and withdrawals, thus removing the need for an alternative payout option. The major advantage of Monero is that it allows you to deposit crypto anonymously, increasing transaction security in the process. Monero also helps you claim sports betting bonuses and comes with small fees.

How to Make Monero Deposits

Monero transactions are straightforward. That goes double for deposits. Even if this is the first time you deposit Monero into your betting account, you will have no problems doing that. Here's what you need to do.

• Step 1: Go to your sportsbook account and click on the Deposit tab.

• Step 2: Select Monero as your deposit method and copy the depositing address.

• Step 3: Go to your digital wallet and paste the sending address.

• Step 4: Enter the amount you want to deposit.

• Step 5: Confirm the transaction and start betting.

How to Make Monero Withdrawals

If betting sites accept Monero, you can also withdraw your winnings using the digital currency. Monero payouts are as straightforward as deposits, but withdrawal speed may be slower due to the verification process. Here's how you can withdraw your Monero gambling windfall.

• Step 1: Go to your betting account and click on Withdrawals.

• Step 2: Choose XMR or Monero as a payout method.

• Step 3: Go to your Monero wallet and copy your address.

• Step 4: Go back to the online betting site and paste the address.

• Step 5: Enter the amount you want to withdraw and wait for it to be approved.

Monero Experiences

"Anonymous deposits are my thing, and nothing gets the job done like Monero. XMR is the only cryptocurrency that provides maximum privacy, and that is the reason why I am still using it." — David

"I will pick Monero sports betting sites over traditional sportsbooks any day of the week and twice on Sunday. Monero gambling sites give me unparalleled security and decent transaction speeds. With those things covered, I am free to focus on placing the best wagers possible, and, hopefully, win money too." — Jay

Alternatives to Monero Bookmakers

Betting sites that accept XMR have a very good reputation, offer secure transactions, and often boast a wide range of betting markets and value odds. However, they are not the only options for sports bettors. There are many other fiat money and crypto payment methods out there, and they all come with their unique perks. Read on to learn more about the fiat and digital currencies you can use as alternatives to XMR gambling sites.

Tether

The USDT stablecoin is the top sportsbook payment method for many punters. The reason is simple. Tether is a digital coin that is pegged to a fiat currency, such as the US Dollar. So, when you register at one of the best betting sites that accept Tether, you benefit from advantages, such as:

• Fast deposits and withdrawals.

• Minimal fees.

• USDT deposits trigger bonuses without a problem.

• The fact USDT is tied to fiat money gives you another layer of security.

Token

Account-to-account payments are really popular at traditional betting sites, and Token is one of the most often used options. With the Token banking system, you can make instant bank transfer payments from your account to that of Token betting sites that support the payment method. These are the perks you will get:

• Lightning-fast deposits and instant withdrawals.

• Secure transfers with low fees.

• Chance to get bonuses.

• An FCA-regulated payment method.

Volt

Volt is a payment method that allows you to makect payments from one account to another. So, if you are looking for an alternative to Monero sports betting sites, Volt bookmakers will be a great option. When you use Volt as a sportsbook payment method, you benefit from:

• Easy to use.

• Super-fast deposits.

• Secure withdrawals.

• Regulated by the FCA.

• Volt deposits help you qualify for bonuses and promos.

LuxonPay

The LuxonPay multi-currency e-wallet is an excellent alternative to Monero. When you open an account with gambling sites that accept LuxonPay, you enjoy a wide range of perks. These include:

• Instant deposits.

• 24-hour withdrawals.

• Various account top-up methods.

• Higher limits after verifying the account.

• Choose from ten different currencies.

• No fees for deposits and withdrawals.

CASHlib

Betting sites that accept Monero facilitate anonymous deposits but so do the top CASHlib sportsbooks we feature. With CASHlib prepaid vouchers, you get the following advantages at online betting sites:

• Anonymous transfers that are similar to cash deposits.

• Several voucher denominations to choose from.

• CASHlib deposits unlock almost all sports betting bonuses.

• No need to share any banking info.

Please note that as enticing as CASHlib is and as many wagering opportunities it offers, it does not support sportsbook withdrawals.

Monero Betting Summary

Many payment methods promise anonymous deposits, but not many banking options deliver on their promises. Fortunately, Monero does. Monero is a cryptocurrency that takes privacy seriously and has taken serious steps to create a digital coin that codes transactions on both the sending and receiving ends. That results in sports betting deposits that cannot be traced back to you and give you maximum security.

And even though privacy is the forte of XMR bookmakers, it is not the only benefit you get. In XMR, you have a crypto payment method that lets you deposit and withdraw at any betting site that accepts Monero. That means you don't have to look for alternative banking options for sportsbook payouts and can use your Monero wallet to both fund and empty your XMR bookmaker account. Plus, you pay minimal fees for each transaction you make. Pretty neat, right?

The best Monero betting sites also give you tons of bonuses and let you bet on anything from football and tennis to the most obscure virtual sports markets. Top XMR betting sites have it all. All you need to do is find them.

That's where we come in. At Betpack, we analyze and review Monero sports betting sites and give you the top ones on a silver platter. You only need to have your own Monero wallet and pick the bookie you fancy. Then start the registration process, which we help you with as well, and place your first XMR bet. Wagering with Monero comes with a myriad of advantages, and, with Betpack, you can tap into the full potential of XMR betting sites. Join a Monero bookmaker now and enjoy completely anonymous deposits on each account top-up!