If you’re a gambler who appreciates security, Monero online casinos are the place to be. This decentralised, block-chain based cryptocurrency is widely recognised as the most secure way to gamble online: it keeps your transactions safe, anonymous and almost untraceable.
There might not be as many Monero casino websites and Monero sportsbooks to choose from as bitcoin betting platforms. But you still want to get your money’s worth. That’s where we come in!
Our comprehensive guide to Monero casinos and sportsbooks will give you a step-by-step breakdown of the basics, so you can deposit, gamble and rack up winnings with ease.
- 1 The best 5 Monero casinos and sportsbooks 2020
- 2 How to register and deposit funds at a Monero casino or sportsbook
- 3 Convert your Monero Into cash
- 4 Pros and Cons of Monero casinos
- 5 What games can I play at a Monero Casino?
- 6 What markets can I bet on at a Monero sportsbook?
- 7 Monero casino bonuses: how do they work?
- 8 Monero casino bonuses for existing players
- 9 Understanding the terms of a Monero casino bonus
- 10 How do I choose a Monero casino or sportsbook?
- 11 Are Monero casinos and sportsbooks safe?
- 12 FAQs
- 13 Do Monero casinos offer bonuses?
- 14 What are bonus wagering requirements?
- 15 Can I play poker at Monero casinos?
- 16 What is the minimum deposit at a Monero gambling site?
- 17 How do I make a withdrawal from a Monero casino or sportsbook?
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The best 5 Monero casinos and sportsbooks 2020
How to register and deposit funds at a Monero casino or sportsbook
This straightforward guide that will give you all the advice and knowhow you need to play with confidence at Monero gambling websites.
Step 1: How to buy Monero online
The first thing you need to do is buy some Monero. You’ll want to head to a broker or exchange that trades in this coin. We recommend Kraken.com.
Begin by inserting your email and creating a memorable username and password and confirming your account activation.
Kraken offers a variety of different tiers for traders with different levels of experience/deeper wallets, with different deposit limits. Start with tier 1 after clicking the ‘get verified’ link. Scroll down and plug your personal information into the relevant fields.
You’ll then have the option to apply for tier 2 verification, which we recommend as it will allow you to make fiat transactions (unless you only want to buy Monero using cryptocurrency in other wallets). Give all the relevant information and submit.
Now you’re ready to fund your account. Click the ‘Funding’ tab from the top of the page and select your preferred currency, followed by your preferred payment method. Once the funds are in your account (displayed at the top of the page once you log in), you’ll be able to buy some Monero.
Under the New Order tab, choose XMR paired with your preferred currency (e.g. XMR/USD). Choose the ‘Simple’ trade option. Choose the amount of XMR you want to buy or the currency you want to spend. Verify and place the order.
Once it’s closed, you’ll have your Monero! You can either keep it in Kraken, or transfer it to any other wallet using that wallet’s unique address – do not enter this incorrectly, or you will lose your funds.
Step 2: Choose a trusted casino or sportsbook
Be aware that, unlike some more established coins like bitcoin or ether, there are only a select few websites that support Monero for a decent range of gambling services. All the platforms recommended listed above in this guide come highly recommended!
Another consideration is your territory. Online gambling law has tightened up considerably over the past several years, and not many websites allow players from the United States and United Kingdom to play.
Step 3: Open an account
One of the advantages of a cryptocurrency casino, rather than a fiat-based platform, is creating an account is far easier. Fiat casinos and sportsbooks often require you to send photographic ID before letting you play. At a cryptocurrency casino, all you usually need is an email address and username.
Step 4: Deposit funds
Once you have an account, deposit funds into your account using the unique ID of any wallet where you’re holding Monero.
Transfer times for Monero are usually very quick: your funds should appear in your casino or sportsbook account in a matter of minutes.
Step 5: Withdraw your winnings
Once you’ve had your fun, withdraw your winnings out of your casino balance to any of your Monero wallets using the correct wallet address.
Please bear in mind that different casino games come with different house edges and levels of risk attached. You should never gamble with more than you can afford to lose – and many gambling platforms let you set limits for yourself to ensure you never go over budget.
Convert your Monero Into cash
You can convert your crypto winnings into fiat in Kraken, but transferring your winnings to your Kraken wallet, choosing ‘Sell’ and using your preferred currency pair (USD/XMR). Please remember that the exchange will take a fee for handling this transaction.
Once this is done, you can credit your funds to a bank account via transfer. Kraken does not permit deposits from or withdrawals to third-party payment processors like PayPal, although other exchanges may provide this service.
Pros and Cons of Monero casinos
- Additional encryption means anonymous transactions
- Transactions completed five times faster than bitcoin on average
- Add a personal touch with live dealers
- Plenty of great games to choose from: including Monero roulette, slots, virtual poker and more!
- Play on desktop or mobile devices
- Gambling is risky and not all games offer the same odds.
- Not as many supporting casinos as for more-established coins
What games can I play at a Monero Casino?
The games you know and love from fiat gambling websites should all be present and correct at Monero casinos. Obviously, every website will have a different catalogue, but we’ve listed the kinds of games you will come across at Monero casinos.
✔️ Table Games
You can expect classic table games like blackjack, roulette, baccarat and video poker at any decent online casino, in both virtual and live table formats!
✔️ Monero Slots
Online slots are the bread and butter of the online gambling space, from the three-reel classics of yesteryear, to modern offerings with all manner of special features. And if you’re after a truly epic win, progressive jackpot slots rack up their top prize from players across the world by linking online casinos together. This makes for life-changing prizes.
✔️ Video Poker
Discerning gamblers will know that, of all casino games, video poker offers the lowest house edge. Also, video poker hands are offered as a fixed multiplier, which means the jackpot (up to a maximum level) is determined by your stake.
✔️ Virtual Games
There are many online casino games you’ll never come across at a brick-and-mortar casino, including scratch cards, keno, online lotteries, for example.
What markets can I bet on at a Monero sportsbook?
Most of the websites we’ve recommended here provide Monero sportsbooks, letting you lay wagers on a variety of different sports markets: from the major international tournaments to more niche fare.
???? Sports and markets
As standard, you can guarantee that the most popular disciplines – like soccer, baseball, basketball, boxing American football and so on. However, you also get access to smaller markets, including eSports like Dota 2 and Overwatch. And you’re not limited to simple ‘Win-Draw-Win’ wagers. Websites like 1XBit let you bet on a variety of outcomes, like round knockouts and substitutions.
???? Pre-match and In-play
In the past, all online sports betting was conducted ‘pre-match’, meaning the stake and terms of a bet were determined before the sporting event began. These days, technology permits ‘in-play’ bets, where punters can make wagers during play (at less competitive odds, and with a 6-10 delay to combat malpractice).
Some websites let you cash-out early if you think the game isn’t going your way. For example, if you bet on Liverpool to win against Man City, and at half-time they’re looking shaky on 2-1, you can cash-out your bet early (at shorter odds).
Monero casino bonuses: how do they work?
✔️ Matched Deposit Bonus
Welcome bonuses usually come in the form of a matched-deposit bonus, in which your Monero casino or sportsbook will match the value of your first deposit, up to a set amount, but a certain percentage:
???? Imagine your preferred Monero casino gives all new players a 100% matched deposit bonus up to a value of $100-equivalent in XMR
???? After you’ve created your account and deposited $100 in XMR, the casino will match you by 100%, giving you an additional $100
???? This would give you a starting balance of $200 equivalent in XMR
✔️ Free Spins
Often, Monero casinos will offer free spins on selected Monero slot games in addition to the matched deposit bonus. There’s no risk attached to these spins, so you can comfortably play until they’re gone! Although sometimes they’re restricted to a particular game.
???? Say a Monero casino offers players 20 free spins on Sunburst
???? Set up your account and deposit Monero into your account
???? Take your free 20 spins on Sunburst, and any winnings will be added to your overall balance
✔️ No Deposit Bonus
A no-deposit bonus is exactly what it sounds like. Funds will be added to your account without having to deposit any cash or cryptocurrency, sometimes for fulfilling conditions like following the casino on social media, or entering a voucher code.
???? Your Monero casino if offering a ‘No Deposit Bonus’ of $10 equivalent in XMR to like their Facebook page
???? Create your account, and like the casino’s Facebook page, at which point, you may be provided with a voucher code to enter in your account
???? $10 in XMR will be added to your account, ready for use!
Monero casino bonuses for existing players
Reload deposits work by topping up your deposit by a certain amount, often on a certain day of the week. For instance, let’s say your Monero casino is offering a 50% reload bonus on a Wednesday up to a value of $100 in XMR:
???? Log into your account on Wednesday and deposit $100 XMR
???? The Monero casino will match you by 50%, resulting in a total balance of $150 equivalent in XMR
Online casinos will try to keep customers loyal by rewarding them periodically with special bonuses, free gifts and extra spins. It pays to play!
If you’re a regular high-roller, you will often be given VIP status. This will give you access to a host of perks and privileges like more competitive betting odds and easier wagering requirements for bonuses. You may also get a dedicated manager to look after your account, along with access to VIP rooms.
Understanding the terms of a Monero casino bonus
We love casino bonuses, but they’re not as straightforward as they appear. To get the most out of them, you have to understand how they work.
In order to make sure you don’t just grab a bonus, cash out and walk away without playing, every casino bonus will come with wagering requirements attached that must be fulfilled before you can withdraw any funds.
???? These requirements will be expressed as a multiple: x25, x35, x55 etc.
???? So, for example, if the wagering requirements attached to a $100 bonus is x50, you will actually need to gamble $5,000 before you can claim your winnings.
???? Wagering requirements vary a great deal at different Monero casinos, although they’re usually around the 40x mark.
Different games contribute a different amount to the overall requirement. Usually, slots contribute 100%, whereas some games with more favourable odds can contribute as little as 10%. This information is always displayed in the bonus terms and conditions, and is sometimes shown next to the game in the casino catalogue.
???? Imagine the wagering requirements for your welcome bonus requires you to gamble $100 before you can withdraw your winnings.
???? Blackjack only contributes 10% of your stake towards your wagering requirements, meaning that if you play this game, only $0.10 of every dollar-equivalent in XMR you stake will count.
For this reason it’s usually a good idea to play on slot games with your bonus funds, as they contribute 100% towards your requirements.
How do I choose a Monero casino or sportsbook?
You should have a pretty good handle on the fundamentals of Monero casino and sportsbook betting. Now you need to know which websites are worthy of your money! Here are some markers of quality to watch out for.
A good starting point is to see how long a casino has been trading. A platform that’s stayed in business for 10 years or more must be doing something right! You can also check whether your casino is regulated by a licensing authority, like the government of Curacao for example. User reviews are a good port of call as well, although be wary of fake reviews published or commissioned by the casino.
✔️ Deposits and withdrawals
Make sure your Monero casino provides quick deposits and withdrawals. Reputable websites will use advanced and secure financing systems to automate their end payments system to make sure funds going in or out of your account are credited as soon as the Monero blockchain validates the transaction.
Casinos offering competitive bonuses are always an attractive prospect. But there’s more to it than meets the eye. For example, a less-respectable operator might try to rope in newcomers with a massive matched deposit bonus – but then attach completely unreasonable wagering requirements. It’s also worth checking on the casino’s reward schemes, to see whether it’s worthy of a long-term relationship.
✔️ Gaming Suite/Betting Markets
The bigger and more-established Monero gambling websites will sometimes offer sports betting services, meaning you have a variety of ways to wager and win. In terms of their casino games, it’s useful to check which software developers are supported. A high volume of recognisable names like Microgaming and NetEnt will guarantee not just quantity but quality.
✔️ Customer Support
If you really want to play with confidence and comfort, you need a website with a solid customer support team. Check whether a casino has a 24-hour contact number and live-chat, so you’re never high and dry if there are problems with your account.
Are Monero casinos and sportsbooks safe?
While we can vouch for our recommended casinos based on their track records and our extensive experience, the cryptocurrency sector is largely unregulated. This means there is little recourse to get your funds back if your Monero casino folds, for example.
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Do Monero casinos offer bonuses?
The casinos we’ve recommended all offer welcome bonuses and rewards for long-term players.
What are bonus wagering requirements?
You need to meet the wagering requirements laid out in your bonus’s terms and conditions before you can withdraw any fund. For instance, if you have an XMR-equivalent $50 bonus with a 40x rollover, with a 30-day time limit, you will have to gamble $2,000 within 30 days.
Can I play poker at Monero casinos?
Video poker games with fixed odds are available at Monero casinos. You will need to convert your Monero into a more popular cryptocurrency like bitcoin before you can play poker with other users online.
What is the minimum deposit at a Monero gambling site?
There are no minimum deposits at Monero gambling websites.
How do I make a withdrawal from a Monero casino or sportsbook?
If you want to cash out your funds to a Monero wallet, you will need to make a withdrawal request and cite the unique wallet address. If you want to cash out fiat currency, you’ll first need to convert your Monero to fiat at a cryptocurrency exchange.