If you’ve used and loved the privacy-oriented Monero coins at any point in your crypto trading journey, there are strong chances you’ll like Monero gambling, maybe even more. But if you’re yet to experience the highs and lows of the volatile cryptocurrency industry, this is a great place to start. In Monero gambling platforms, deposits and withdrawals are made in the cryptocurrency—Monero. And because of the anonymity it provides to the players, it has, perhaps unsurprisingly, become a big hit with the gambling audience.
In this article, we discuss the subject of Monero Gambling and why it is just as popular as it is…notorious. But first, we’ll describe a few steps to get you started on your journey.
In this section, we’ve detailed a series of steps you can take to start gambling with Monero.
You may start by creating an account with any crypto gambling site that accepts payments in Monero. But before you do that, ensure that their platform is properly licensed to operate and employs solid security provisions.
Next, you can download and install an e-wallet. Your wallet(e-wallet) contains the public and private keys used to sign off every withdrawal and payment into your account. The wallet should support transactions in Dogecoin, and it must subscribe to a user-data encryption technology design.
Next, you can scour the internet for any exchange that supports transactions in Monero and sign up with them. As soon as you’re through with the sign-up process, you can scan the markets for any good prices for the Monero coins and buy as many units as you like. Once you’ve purchased the coins, you can go on to transfer them to your wallet.
With the coins secured in your wallet, you can fund your bets on any game of your choice on the gambling site. To do this, you’ll have to paste your wallet’s address into the deposit menu in your gambling account. And if you end up on the winning side, you can transfer your winnings in monero back to your wallet. You may now choose to convert it to a fiat currency before depositing it in a regular account.
Here, we examine some of the advantages Monero gambling sites have over traditional gambling sites.
Monero-based transactions operate on an open-source blockchain platform, enabling fast and seamless transactions. As a result, making payments and processing withdrawals in monero at gambling sites is quick and easy. It only takes a few minutes to transfer the coins to your gambling account and even lesser to take in the winnings.
Monero gambling platforms demand some of the lowest transaction fees in the crypto gambling scene. Deposits made in Monero are free and will only cost a nominal fee when the volume of transactions are on the high side.
This is, without doubt, the biggest highlight of monero-based gambling. It operates on an opaque blockchain technology that conceals the identity of senders, recipients, the transaction amount, and the address used to process the transactions. This way, you can carry out your business under the most anonymous condition, and it is a quality that the top crypto casinos and bookmakers love.
Gambling sites that accept payments in monero benefit from, and are starting to adopt the airtight security provisions that are the monero coin’s hallmark. Monero’s payment platforms use a non-traceable transaction history that mops up everything in its wake. And as a result, fraudsters have no trail they can follow and no loopholes to exploit. Its private keys use the complex “ring signature” design, making them hard to manipulate.
From attractive sign-up bonuses to decent deposit and no-deposit bonuses, the betting sites that accept Monero pull all the stops to draw the attention of even the most demanding gamblers. Their welcome bonus will mostly take you through a couple of free spins, and their deposit bonus is as good as they come. While this will vary from one gambling house to another, the general feeling is that this is one of their strong points.
If you’re looking for a monero online gambling site to earn some big bucks, you can try out platforms like 1Xbit, mystake, 22Bet, Masterbet, chipstars, and crypto-gamblers. The latter, through its website www.crypto-gamblers.co offers some of the best odds across thousands of games. And while at it, you’ll get access to tips and guides that can help you make the most of your experience.
