Ripple Betting Sites

Cryptocurrencies have made the biggest headline over the last few years. They have led to a major disruption in the world of finance and the online sports betting industry has seen major transition towards the use of cryptocurrencies. While Bitcoin and Ethereum have been dominating the headlines, there are several crypto currencies that have capital fan following. Ripple is one such cryptocurrency that has been gaining popularity by the day.

Like many other cryptocurrencies Ripple started as a real-time gross settlement system and currency exchange. The fact that it is controlled by one single company is one of the biggest USPs of Ripple. It is also backed by several financial institutions which is helping it gain wide acceptance in the sports betting market. If you wish to learn about the basics of Ripple coin betting, we bring to you this detailed guide that would answer all the questions you have in mind.

Ripple is a blockchain based cryptocurrency issued by the Ripple Exchange. However, it differs significantly from other cryptocurrencies in terms of the way it is obtained. It isn’t mined as is the case with Bitcoin or other cryptocurrencies but issued by the Ripple Exchange.

• Symbol: XPR
• Initial Release: 2012
• Author: Arthur Britto, Ryan Fugger and David Schwartz

Ripple is a crypto currency issued by the Ripple exchange which has been in existence since 2012. It is more of a centralized platform with one single company having control over the blockchain. Since there is more control over how the transactions are carried out Ripple enjoys acceptance by the traditional financial institutions unlike many other cryptocurrencies. The Ripple Exchange sits at the centre of this ecosystem and this centralization ensures better security and smoother transactions.

What makes Ripple different from other cryptocurrencies?

Most Alt Coins (term used to classify cryptocurrencies other that Bitcoin) have invested in settling transactions fast to counter the popularity of Bitcoin. Ripple is no different, and popular with the bettors thanks to the speed of transactions. Powered by its native currency exchange, Ripple processes transactions in minutes as compared to those using Bitcoins that can often take hours to settle. Betting sites are also known for offering generous welcome bonuses to players who deposit using Ripple.

Till now we have discussed the basics of Ripple and why it has become popular among bettors. If you have found this interesting, you are likely to be curious on how to bet using Ripple. If you are planning to bet using cryptocurrencies for the very first time, you may have few questions in your mind. Here we look at a step-by-step guide on how you can bet using Ripple, and this would answer all the questions you have in mind about Ripple sports betting.

• Sign up with a Ripple Bookmaker – Ripple is not the most popular cryptocurrency, and you are unlikely to find all bookmakers accepting deposits using Ripple. Thus, you must find a bookmaker that lets you deposit using Ripple Coins.
• Set up a Crypto Wallet – To start betting using Ripple you will have to set up a Crypto Wallet in case you do not have one yet. You will come across dozens of wallets that let you store your Ripple coins and process the transactions on the betting exchanges. You have several wallet options available including –
  o Coinbase
  o Bittrex
  o CoinMama
  o Kraken
• Create Exchange Account – Next you must move over to creating an Exchange account. As we have already discussed Ripple has its official exchange with the same name. If you plan to trade only in Ripple this would be the best choice as it processes transactions quicker than third-party exchanges. In case you plan to bet using other cryptocurrencies, there are several options for you to choose from. In case of a third-party exchange, you need to link the wallet to your Exchange account.
• Send Coins to Your Wallet – You are ready to trade, and you need to buy Ripple coins from the Crypto Exchanges. You will be able to buy them at real-time rates using your Credit Cards or Internet Banking account.
• Deposit Ripple Coins into Your Betting Account – You are all set to bet using Ripple. Go to the Deposit Page on the app or the betting site and choose Ripple as your deposit currency. Deposit the amount you plan to, or the minimum deposit amount as mandated by the bookmaker.

If you are wondering whether Ripple Betting is significantly different from Regular Betting, the answer both Yes and No. Cryptocurrency sports betting share the same traits as regular sports betting in terms of the markets, odds etc. However, there are also few differences that you need to be aware of when you are planning to bet using Ripple.

Lower Fee

If you are betting using Ripple or any other cryptocurrency you will enjoy significantly lower transaction fee. This is due to the low or zero settlement fee that bookmakers charge their users for all withdrawals. Using the native Ripple exchange would entitle you to zero processing fee.

Bonuses

Ripple is being actively promoted as one of the new and emerging cryptocurrencies. Hence, bookmakers are rewarding Ripple users with more welcome bonuses. Check out the welcome bonus section on your bookmaker’s site to know more.

Enhanced Odds & Free Spins

Enhanced odds and free spins are an incentive that bookmakers usually offer bettors using cryptocurrencies. You should visit the official websites of the bookmakers to know the details of the free spins and enhanced odds for those betting using Ripple.

Betting Challenge

Ripple sports betting or that with other cryptocurrencies stays a challenge. Cryptocurrencies are volatile and their value with respect to traditional currencies constantly changes. Thus, you will always need to remain aware of their valuations as any major swing in their prices can severely affect your winnings.

Ripple is still a new kid on the block as far as its acceptance on major betting platforms is concerned. Few bookmakers currently allow players to deposit using Ripple and even fewer allow withdrawals using this cryptocurrency. Here is the list of betting sites where you can bet using Ripple.

• 20Bet
• Lilibet
• Rabona
• Melbet
• 4rabet

We are seeing increasing popularity of cryptocurrencies in the sports betting industry. More bettors are migrating to crypto sports betting thanks to lower transaction fees and welcome bonuses. At BettingTop10, we keep track of the popularity of different cryptocurrencies and here’s our list of the best cryptocurrencies for betting –

Bitcoin (BTC)

The most popular cryptocurrency in the world with more than $1 trillion in market cap it is widely accepted by betting sites. Bitcoin is popular thanks to its interoperability as it is widely accepted across different payment platforms.

Ethereum (ETH)

Ethereum is the second most popular cryptocurrency and one that is free of interference from third-party authorities. It processes transactions quickly and this makes it one of the most popular cryptocurrencies on betting sites.

Dogecoin (DOGE)

Dogecoin Backed by Elon Musk and several other billionaires this cryptocurrency has gained wide acceptance in recent times and its valuations are expected to rise astronomically in the future.

Binance Coin (BNB)

It is Ethereum-based and hence shares many of its characteristics with Ethereum and use acceptable across several betting platforms. It stands out thanks to the low fee and commission fir people who register on the Binance Exchange.