XRP betting sites - Key takeaways
- Faster and cheaper deposits and withdrawals compared to Bitcoin.
- Over 100 billion tokens exist, which lends XRP well to online sports betting.
- The Ripple payment protocol is used by financial companies in around 45 countries.
- You can register an account and bet with Ripple completely anonymously.
Introduction to Ripple (XRP) betting
Most people believe that Ripple and XRP are one and the same, and are terms that can be used interchangeably. However, they are actually two separate things – “Ripple” refers to the payment protocol and opensource blockchain. Meanwhile “XRP” is the cryptocurrency that is native to that blockchain.
While Bitcoin is naturally the first thing that springs to mind when you think of crypto betting sites in 2023, XRP is now also proving to be an extremely popular option. In fact, there are actually many sound arguments that make a case for XRP and Ripple being better tools for sports betting and Bitcoin
Benefits of XRP sports betting over bitcoin
Bitcoin is the oldest and most-established cryptocurrency, and it also has the highest market value. As a result, it was the first one to be more widely used as an option for online gambling.
However, it’s not the only show in town when it comes to crypto sports betting apps.
More coins and quicker transactions
There are 100 million XRP coins, all of which have been preminted, which offers two big advantages for online sports betting. First of all, the fact that the coins are preminted means that they just have to go through the quick and efficient Ripple payment protocol. This delivers the fast, low-fee deposits and withdrawals that online sports bettors crave.
Secondly, while having more coins in circulation makes XRP a less valuable coin for investors than Bitcoin, it makes it more useful to sportsbooks and punters alike, as there is little-to-no risk of it running dry. Overall, many consider XRP betting to be quicker, cheaper and more efficient.
Pros and Cons of Ripple sports betting sites
Ripple Sportsbooks: Pros & Cons
- Fast withdrawals
- Low fees
- Better odds
- Anonymity
- Secure transactions
- Price volatility
- Weaker gambling licences
How we ranked the best XRP betting sites
At Strafe.com, our aim is always to bring you the best XRP casinos and sportsbooks. And in order to do that, we have to carefully test and rate every available operator based on a number of different categories and criteria.
By looking closely at a number of different aspects, such as licensing and security, site anonymity and more, we are able to give each site an overall rating. We then rank each XRP gambling operator based on the rating that our experts have given them. Of course, we also revisit operators and update our rankings regularly.
How to find the best Ripple sports betting sites?
You can discover the best crypto casinos and Ripple sportsbooks simply by using the reviews here at Strafe. All of our reviews are detailed and honest and have been provided by crypto gambling experts.
Not only can we help you to find a secure and legit site, but we can also help you to find one that has the features and betting markets that matter to you the most. As well as sportsbooks, we also cover other niches, such as NFT casinos 2023 and much more.
Guide to XRP gambling
When it comes to the actual process of betting with XRP and getting started, things can be broken down into three easy steps. First of all, you have the research phase, which is what you have started already by reading this guide. Secondly, you can choose your ideal site by using our reviews of the best operators here at Strafe.
Then, once you have chosen a legit operator from our list, you can begin the sign-up process to open your account, deposit and start playing. If you are lucky enough to have winnings when all is said and done, the Ripple payment protocol can facilitate cheap cashouts.
Our favorite XRP betting sites
How can I start to play at XRP bookmakers?
To register your XRP betting account and start playing, you just need to complete the following steps:
If you already have a crypto wallet and own XRP, then you can skip straight to Step 2. However, if you don’t yet own any, you can open a wallet and purchase XRP using your bank card or a selection of other fiat currency payment methods. XRP is among the most commonly used cryptos, and so is supported by most wallets and can be bought at pretty much all major crypto exchanges.
Create your betting account
Now that you own XRP, you can use our reviews to head to your desired betting sites and create your account. The bare minimum that you will need to provide is your email address, alongside a username and password that you have created. If you are using a totally anonymous site, you won’t have to provide any other info or complete KYC. However, if you are using a more transparent site, additional info may be required.
Transfer XRP to your betting account
Before you can make a deposit, you will need to verify your account using the link that should now have been sent to your email address. Once that’s done, you can head to the cashier and deposit quickly and cheaply by selecting XRP and entering the amount that you wish to transfer.
Once the transfer has been completed, which should take minutes if not seconds, then you can start betting on sports straight away. You can also play some crypto gambling games as well if you have chosen an operator that also has an online casino platform.
One of the great things about using Ripple as your payment provider for online betting is that withdrawals can be almost as quick as deposits. At the very least, the payment will be approved and processed within a matter of hours. This is far better than the three to five business days that you would have to wait on average for fiat sportsbook withdrawal.
You can cashout your XRP funds from your sportsbook provider as follows:
- Log into your account and head to the Cashier section.
- Select “Withdraw Funds” or “Cash Out” from the list of options.
- Choose XRP as your withdrawal cryptocurrency.
- Enter the amount that you wish to withdraw into the box provider.
- Copy or type in the address of your crypto wallet.
- Click to confirm your withdrawal request.
- Wait - but not too long!
- After a few minutes or hours, you should have received your winnings in XRP.
Future of XRP betting
Compared to many other cryptocurrencies, the future of XRP as a coin that can be used for online betting can be predicted a little more easily. As well as having a cryptocurrency and an opensource blockchain, the company behind Ripple actually first created a payment protocol.
Today, there are financial institutions in over 45 currencies that use this system to lend and receive funds. Moreover, it is a great cross-border processing tool for sending and receiving money with no currency conversion fees. Ultimately, this makes Ripple a good system for online businesses with global clients – such as online sportsbooks.
Strafe verdict on XRP gambling
In summary, XRP has a lot of advantages when it comes to sports betting. Compared to the likes of Bitcoin, it is faster, cheaper and more energy-efficient. Moreover, the abundance of coins out there makes it a better option for transactional use. The downside is that its blockchain is not quite as secure as Bitcoin or Ethereum. However, this still makes it more private and secure than pretty much all fiat currency payments.
Our favorite Ripple sports betting bonuses
XRP betting FAQ
⚽ What exchange is best to use for XRP sportsbooks?
XRP is fairly ubiquitous and is available on most crypto exchanges, both big and small. You therefore have plenty of choices, and so you can then look deeper and consider which one is best to use for online sports betting. And the experts here at Strafe.com can help you out with that - just check out this article!
⏳ How long do XRP deposits & withdrawals take?
All of the information that you need regarding XRP transactions on online sportsbooks and gambling sites can be found here in this article. As well as providing you with deposit and withdrawal times, this article goes into much more detail about using XRP for betting purposes as a whole. You can follow the link to our website to get started.
❓ How do XRP betting sites work?
The short answer is that they are very similar to other crypto betting sites , however, there are few pros and cons that are specific to using Ripple as your gambling currency. We always recommend that you get the experts’ advice, which you can find right here at Strafe.com. All of this information is updated regularly to reflect changes on the crypto and sports betting landscapes.
🤔 Is it legal to gamble with XRP?
In this guide to betting online with XRP, we take a look at all aspects of the process, including safety and legal issues that you may face. Safety is of paramount importance when gambling online, especially when it comes to a relatively new practice such as crypto gambling.
