Considering that XRP is one of the top 10 cryptocurrencies in the world, it’s natural to assume that much of this currency would be used for online gambling. But, what makes it a good option when gaming online?
We’re going to have a quick look into what XRP and Ripple are, and what makes XRP sports betting sites attractive.
Top XRP Sports Betting Sites List (September 2023)
What is Ripple
A money transfer network, Ripple is a key player in the digital financial services ecosystem. Ripple’s currency is the XRP, which according to Forbes, lists among the top cryptocurrencies in terms of market capitalization.
Ripple came into being to replace SWIFT, the traditional payment system between different banks. The whole point of inventing Ripple was to do away with settlement layers between the various banks and make banking more efficient.
Ripple is a trusted agent between two transacting partners and can quickly facilitate exchanges for a variety of fiat currencies and cryptocurrencies. This payment system charges a small fee in XRP for its services.
Currently, there are many sports betting and gambling sites that work with XRP.
How to use Ripple to fund your betting site
This currency is revolutionizing how we pay and receive funds in several settings. Indeed, Ripple is truly a global currency now.
To fund your XRP sports betting site, you must hold this currency in a secure wallet. Some trustworthy XRP wallets are:
- Bitcoin IRA
Please follow these steps when depositing funds into your XRP sportsbook.
- Go to Cashier
- Select Deposits and then click the drop-down arrow
- Choose XRP
- Connect your wallet with this currency
- Enter the amount you want to submit
- Confirm the details and click Submit.
Features of top XRP sports betting sites
There are some features that separate superior XRP betting sites from others.
- Range and selection of sports, leagues, and bet types
- Customer satisfaction
- Whether other payment options are available
- Presence of live betting platforms
- Licenses from local and international regulators
- Bonuses and rewards
You can use these as pointers to determine where to play.
Advantages of using Ripple
There are a number of great reasons to use Ripple betting sites, and here are just a few:
The biggest advantage of playing on Ripple sports betting sites is the speed of payments. While Bitcoin transactions can range from one hour to 24 hours. Ripple, on the other hand, processes all transactions instantly.
Since all transactions are published on the blockchain, players are not likely to be defrauded.
Low transaction fees
Another benefit is the low transaction fee you pay on XRP sports betting sites. The average fee is around 0.00001 XRP, which is low by industry standards.
Industry watchers predict XRP could reach $31.81 by 2030. If this turns out to be true, then a $100 investment could yield a return of $9,638 by that year. This means playing on XRP betting sites can be highly profitable.
One of the biggest benefits of betting sites that accept XRP is that nobody knows your identity. Anonymity is important for you because fraudsters won’t be able to steal your hard-earned money.
Disadvantages of XRP sports betting sites
Although sites with XRP look good, they have some disadvantages too.
Unlike traditional online sportsbooks, there are fewer cryptocurrency betting sites in the US. Thus, players have limited choices when it comes to picking the best sites with XRP.
In general, there are no laws regarding cryptocurrency-based online casinos and betting platforms in the US. This turns away many potential players from these websites.
Notwithstanding XRP’s immense potential, this currency is subject to fluctuations. Thus, your earnings value may go down unexpectedly. For example, at the time of writing, the price of XRP was $0.33, which was $3.33 on January 4thm 2018.
Mobile and live betting Ripple options
It’s possible for bettors to access their Ripple betting sites on phones and tablets. Many XRP sites have mobile-optimized platforms which work across iOS and Android devices. Moreover, these Ripple sites can be launched with Chrome, Safari, Edge, and Firefox.
Are XRP betting sites safe?
Yes, all licensed XRP sports betting sites are safe and secure. This currency uses the Ripple platform, which is a highly secure transaction platform.
How are XRP sports betting platforms different from those which have BTC?
Betting platforms that use XRP process payments faster than Bitcoin sports betting sites. Ripple’s transaction time is only about 5 seconds, while Bitcoin betting sites take more than an hour to process payments.
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