With low fees and fast withdrawals, sports betting brokers that accept Ripple are growing rapidly. Ripple (XRP) may not be the most popular but it is the most accessible.
With its ease of access, Ripple attracts the hearts of many bettors and if you are one of them, understanding the general steps for buying Ripple, storing it, and making a deposit is important before you actually bet.
Here is a detailed guide on what to do before jumping straight into Ripple sports betting:
How to buy Ripple cryptocurrency (XRP)?
No need to worry because it is generally easier than buying other cryptocurrencies. This convenience or simplicity is supported by transactions via RippleNet. For your information, RippleNet applies the latest blockchain technology to enable safe and transparent transfers, both data and coins.
If you want to buy XRP, learn how to do all the procedures step by step:
– Choose your preferred storage method: Before buying XRP, you should decide on its storage mechanism. It can be an online wallet or an external storage device such as a hard drive. For convenience, we recommend app-managed virtual wallets.
– Choose betting exchanges that accept XRP: The good news is that most crypto sports betting exchanges accommodate XRP. However, you still have an alternative, namely the Ripple blockchain broker if you want to get a profitable price difference.
– It’s time to buy your XRP: At this stage you just have to determine how much XRP you want to buy and continue your transaction.
Now you have XRP. Now how do you deposit that to a sports betting broker?
Please note, the procedure for using cryptocurrencies such as Ripple in online sports betting brokers is slightly different compared to fiat currencies (dollars, reals, etc.).
To help you in this task, we explain in detail all the processes step by step:
– Register and log in to a betting broker that accepts XRP
Dozens of well-known brokers accept XRP. If you haven’t chosen one yet, read reviews of the best Ripple sports betting sites and find the best one.
– Go to the payment section.
Most online brokers have a section called “wallet” where players request deposits and withdrawals. This way, access your wallet to start the deposit process.
– Go to “Ripple (XRP)”, click, and determine your deposit amount.
You simply go to the XRP option and enter your deposit amount. As simple as that.
– Scan QR code.
Once you have confirmed your deposit amount, you will need to scan the QR code that will be provided by your broker. How to scan it? It’s easy, you just need to open your crypto wallet and scan the QR code provided.
– Confirm once again and then wait until your account is detected to receive your deposit.
Has your deposit been received in your account? Now it’s time to bet!
How long does it take to process deposits and withdrawals at brokers that accept XRP?
In general, transactions with XRP are simpler and faster than other cryptocurrencies. For bettors, there is no red tape associated with withdrawing money and is therefore on average faster than transactions with other cryptocurrencies, transactions with XRP are approximately ten times faster than various standard transactions such as bank transfers.
Ripple sports betting is actually no different from other types of sports betting (which use other currencies, both crypto and non-crypto). However, there are several technical differences regarding the characteristics of Ripple itself. Perhaps Ripple’s two biggest advantages are its ease of access and its incredible transaction speed.
