Monero (XMR) is one of the most popular cryptocurrencies globally and is widely used in the online casino ecosystem thanks to its speed and popularity. 

Here’s what you need to know about how to play with Monero on the best betting sites.

Current XMR Bonuses and Promotions

The best Monero casinos online offer a wide range of special promos. Often this will include some variation of a new player welcome bonus or free plays/spins. In addition, they will usually be more competitive than their traditional counterparts as higher depositing limits and Monero’s privacy protocols mean it’s safer for casinos to offer far more lucrative bonuses. These bonuses can include:

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Examples of bonuses and promotions at luckyfox.io
  • Matched deposit bonuses match the initial deposit of a new account by a specific percentage. A 100% matched Monero first deposit bonus, for example, will double the initial deposit of a new account. $500 worth of XMR deposited may award a $500 bonus amount to wager with
  • Free spins provide players with several free spins on slots, usually 25, 50, or more
  • Reload bonus promotions provide users with variations of the above bonuses when making second, third, or consecutive deposits
  • No deposit bonuses are relatively rare but can provide new accounts with small amounts of bonus cash simply for creating a new account on a crypto casino

VIP and loyalty programs can offer Monero casino site users regular bonuses for making wagers, playing specific games, or depositing specific amounts in 30 days. In many cases, these loyalty programs are point-based, allowing users to collect points to access higher reward tiers.

Crypto casinos that accept Monero also offer a range of different bonuses that users can only access through bonus code redemption. Check the table at the top of this article for a list of the best Monero casinos that offer bonus codes. 

What Games Can I Play Using XMR?

The best cryptocurrency casinos that accept XMR offer the same game types as other online casinos. For example, it’s common to find poker, slots, blackjack, and many more table games where you can gamble your XMR. 

An added advantage of betting with Monero is the availability of provably fair games. These games use the blockchain data provided by the players to run random number generator (RNG) software. By doing this, these games will have truly random odds, be unbiased, and be impossible to tamper with maliciously. Furthermore, since these programs are open-source, anybody can view the code that runs them to verify the odds for themselves.

Provably fair Monero casino games include blackjack, roulette, dice games, and jackpot games like crash and other unique variants. 

Monero sports betting sites are also just as popular. There are now many sportsbooks that accept a variety of cryptocurrencies, including Monero. In most cases, sportsbooks that accept Monero as a withdrawal or deposit method offer the same markets as traditional sports betting sites.

How to Deposit XMR at Online Casinos

Like Bitcoin and other major cryptocurrencies, Monero transactions require, at minimum, a wallet address. The casino will provide this address within the banking, cashier, or wallet section of the site. With Monero specifically, be sure that you are using the dedicated “stealth addresses” to keep your transactions private. These are one-time-use codes that change with each transaction to help keep your funds secure.

First, start a new transaction within your wallet or exchange to make the deposit. Next, copy and paste the site’s wallet address into the destination field. The casino will most likely provide a Monero specific merchants page through the Monero blockchain. Finally, specify the amount you would like to deposit and click send. Your funds will be available to bet within 10 minutes to an hour.

Most crypto casinos won’t enforce a minimum deposit unless you qualify for a specific deposit bonus. It’s also rare for crypto casinos to charge deposit fees, just be on the lookout for transaction fees from your wallet or exchange when converting funds.

Finally, be sure to send your funds to a Monero specific wallet address. If you send your funds to a wallet that is incompatible with Monero (such as sending your Monero to a Bitcoin address), this will result in an irreversible loss of funds.

How to Withdraw Monero

XMR monero Free Spins
How to withdraw Monero

Withdrawing Monero is the reverse process of depositing. In order to withdraw Monero from an online casino, you will only need your wallet address. You can find this by starting a new transaction from your wallet or exchange and clicking ‘receive.’ This will give you a QR code and an address you can copy and paste.

Go to the casino’s checkout or withdrawal page, and you will be able to input your wallet address and the amount you’d like to withdraw. If your casino is using a Monero specific program, you might be able to scan a QR code to receive your funds instantly. Remember to check to ensure that you aren’t overlooking any transaction fees from the exchange, casino, or blockchain/gas fees.

Some users choose to withdraw Monero to a long-term storage wallet. However, most users withdraw Monero from a casino site and move their funds to a cryptocurrency exchange. From there, users can trade it for fiat currency or other cryptocurrencies. 

It’s also worth mentioning that crypto casino Monero withdrawal time frames range between 10 minutes and 1 hour.

Using Monero to Bet Online: What You Need to Know

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In most cases, Monero works in the same way as Bitcoin, allowing users to send and receive coins within an hour. An important difference between Monero and Bitcoin, however, is stealth addresses. 

Cryptocurrency exchanges will automatically use Monero stealth addresses to protect the identity data of users, which can be very important to users concerned about online privacy and maintaining an anonymous profile. Other factors to consider when using Monero at online casinos include:

  • Fees: Monero transaction fees are very low and, in most cases, cost only a few cents to send a transaction. It’s worth investigating whether or not the crypto casino you choose charges Monero deposit fees, however
  • Trust and safety: Monero transactions are permanent — it’s important to only create accounts on trustworthy crypto casinos. For a list of reputable crypto casinos that accept Monero, see the list at the beginning of this article

Monero is not as prevalent on cryptocurrency exchanges compared to other coins due to the varying regulations in different countries.

Choosing the Best Monero (XMR) Casino 2022

Today, many different crypto casinos accept Monero as a deposit or withdrawal method. Still, a few key factors are essential to keep in mind before using Monero. 

Monero is an entirely private cryptocurrency — once you enter a transaction, there’s no way to cancel or return it. For this reason, it’s crucial to only wager Monero in online casinos that have a solid reputation. The best XMR casinos listed in the table at the top of this article are some of the most reliable and secure crypto casinos available.

In addition to reputation and trustworthiness, other important factors include:

  • Welcome bonuses and sign up bonuses
  • Customer support
  • Payouts, deposits, and withdrawals
  • Cryptocurrency wallet security

Sign-up bonuses provide an additional balance to play with, as do other promotions such as recharge bonuses or free spins. Essentially, all Monero casinos offer the same games you would expect to find in other online casinos — it’s easy to find Monero blackjack, slots, roulette, and a great selection of table games.

However, when playing casino games or using Monero gambling sites, it’s also worth checking the availability of the game types you’re looking for — if you’re interested in Monero poker tournaments, for example, it’s better to check before signing up and making a deposit.

Advantages of Using XMR for Casinos

Monero is a privacy-focused cryptocurrency that allows users to send and receive XMR tokens without revealing private data. The complete anonymity of Monero prevents tracing, making it one of the most popular cryptocurrencies on the market today. 

The highly private nature of Monero makes it ideal for crypto casinos and sportsbook bettors that prefer to wager anonymously. A significant advantage of Monero is that transactions are executed very quickly, with far lower fees than Bitcoin.

Key Takeaways

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Monero not only allows users to send and receive money nearly instantly, but it’s also one of the few cryptocurrencies that can protect user data and maintain user privacy.

If you’re interested in the best crypto casinos for XMR, consult CoinClarity’s curated list of crypto casinos at the top of the page (and below) to ensure you’re playing at the most reliable and trustworthy casinos available.