Monero is a digital currency designed in 2014 to strengthen the cryptographic system since the arrival of bitcoin. Its operation is based on the qualitative work of a community that takes care of making all your transactions hidden and unknown. It is therefore right that it is established in the financial system of some bookmakers who accept it as a means of payment. Want to try a sports bet on this cryptocurrency? Find out everything you need to know in this guide.
Like traditional betting, you must necessarily have a required amount of money to make your bets. This principle also applies for crypto currency sports betting. For example, you cannot bet on a soccer game if your account does not have the necessary Monero chips. So the first step in betting begins with the purchase of Monero.
For this purpose, you have the option of going to a broker or an exchange platform. In any case, the procedure to buy Monero is the same:
These stored Monero funds will serve you in the next steps of this procedure.
Unlike bitcoin or ethereum, which are highly favored by bookmakers, only a handful of sites support Monero. You'll need to find the ideal platform that not only offers the cyber currency, but also offers benefits for punters. Also, watch out for its regulations, as an unlicensed bookmaker is nothing but a scamming network.
Territorial scope is the other issue that should not be overlooked. In some states, gambling legislation does not facilitate the activity of bookmakers. So check whether your betting site is operational in your country.
| Rank | Specificity | Discover |
|---|---|---|
| 1 | Operator specialized in crypto, has a Curaçao license and does not require identity verification. Wide range of sports + live + app + eSport. 100% bonus up to 100 USDT. | Go |
| 2 | Very complete and secure sports betting and casino site that accepts major crypto currencies. 100% bonus up to €100. | Go |
| 3 | Operator known for its very good odds on niche sports. Accepts all players but requires KYC. Accepts crypto. 100€ bonus but difficult to unlock. | Go |
If your bookmaker's services are allowed by the laws of your country, you can finally create an account on their website. One of the great things about Monero is the efficiency of registration. Unlike the classic format, creating a Monero account is much easier and faster. Usually, an email and a username are enough to do the trick.
Now it's time to take a look back at the first step of this betting procedure. To deposit your first funds, you need to make use of previously purchased tokens. If they are available in a Wallet, simply transfer them to the bookmaker's digital wallet. You will be given a login for this purpose. However, take care not to transfer the funds to the wrong address or you risk losing your investment.
As far as the transfer times related to Monero are concerned, they are ultra-fast. If the site address is entered correctly, your funds will appear in your betting account within a short time. It is important to remember that the account will be credited with fiat and non-crypto currencies. You will finally be able to play freely and withdraw your profits in case of winning bets.
