Available on the cryptocurrency market since 2012, Ripple is one of the new currencies that have gradually gained the trust of bookmakers. Failing to settle for a bitcoin bet, you can now use Ripple (XRP) to bet on your sports competitions. This article shows you all the details on how to do it.
It is obvious that you cannot bet in Ripple without going through a bookmaker. To this end, it must be admitted that the majority of platforms present on the web do not include the crypto currency in their services. Therefore, you need to conduct accurate research in order to identify the right betting site. We don't forget to mention that the latter must be regulated and authorized in your country in order to withdraw your winnings with peace of mind.
The second step to wagering is to make a deposit into your account. To do this, you must have the number of tokens required by the site to validate your bet.
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XRP is a crypto currency manufactured by the company Ripple Labs Incorporated. Therefore, the first way to obtain it is to place a purchase order on the company's network. On the other hand, you can buy it on exchange sites just like other altcoins. In fact, there are several ways to do this.
First, you can exchange it for Bitcoin if you have it. Second, Ripple is obtained through a fiat currency exchange. This method is especially recommended for credit card holders. Once you have obtained the Ripple tokens, simply save them in your digital wallet.
To complete your first deposit in Ripple, simply access the "Cashier" or "Funds Deposit" section of your bookmaker. Then select the Ripple option from the list of payment methods. Once the choice is confirmed, you can specify the amount of your bet. It is important to note that the minimum deposit may vary from one bookmaker to another. So make sure to check this information so that you don't run out of funds.
Afterwards, register the e-wallet address of the betting platform to transfer your Ripples to it. As a reminder, all bookmakers accepting the cryptocurrency have a signed RippleNet account. You can even start instant bets while waiting for the transfer to take effect.
In reality, Ripple Labs Incorporated uses digital IOU software that takes care of terminating the transaction in an inescapable manner. In other words, any money sent over the Ripple network is no longer back chargeable. Be careful not to make a mistake on the amount!
Lost online betting sites that accept Ripple offer welcome bonuses to new players. They are, however, conditioned on coupons or promotional codes.
In addition, the transaction fees related to e-currency are known for their ultra-low cost. Whether it's a deposit or a withdrawal, you won't feel any discount. On the other side, Ripple promises you a fast transfer rate and complete privacy regarding your identity.
