Ripple Betting Sites: Sportsbooks that Accept Ripple (XRP)

Cryptocurrency is a massive hot topic these days, and also a critical innovation for sports betting enthusiasts. Many of the world’s top online sportsbooks have begun accepting crypto transactions, and that includes Ripple payments.

Ripple is a highly popular cryptocurrency, and numerous operators allow gamblers to wager with this incredible virtual payment option. These Ripple betting sites offer gamblers some exciting features and advantages, and it is worth understanding how this works and why gamblers love it.

In this guide to Ripple gambling sites, we’ll provide a deep dive on everything you need to know about this popular form of wagering.

Ripple is a financial technology company that uses a distributed ledger technology called the XRP Ledger to facilitate digital global payments at rapid speed. XRP is the name of their native token, but it is often referred to as just Ripple.

The number of sportsbooks that accept crypto transactions has skyrocketed in the past few years, and this has been a big benefit to Ripple. There are now plenty of operators that have embraced the crypto revolution, and XRP betting has skyrocketed.

The significance of this for bettors is massive, as gamblers can now enjoy rapid transactions and utilize these versatile payment methods. Below, we’ll take a look at the sportsbooks that accept this payment method and discuss what sets it apart.

While there are plenty of sportsbooks that accept cryptocurrency, not all betting sites that have crypto transactions accept Ripple. With that said, we’ve assembled a look at some of the top sportsbooks that accept Ripple.

The question of whether it is legal to bet with Ripple must be divided into two parts. First, we must consider whether it is legal to bet with Ripple (and other cryptocurrencies) in Canada generally, and then we'll narrow our focus to Ontario.

Outside of Ontario, bettors can legally bet with cryptocurrency like XRP on the many non-lottery bookmakers that are available there. Essentially, offshore sportsbooks are allowed to have crypto transactions, and bettors in Canada are allowed to utilize offshore sportsbooks.

However, in Ontario, things are a little more complex. Cryptocurrency betting is not popular on any provincially-regulated operator that has been iGaming approved. That means bettors will not be able to bet with XRP in the province, unless they are accessing an offshore option.

This may be disappointing because gambling with XRP makes for a unique and exciting sportsbook payment method. While it is not wildly popular, it is still a fun way to gamble. However, many Canadians who use offshore betting sites will still find that they can wager with Ripple and other crypto options that might be more popular.

Ripple betting sites are innovative and exciting, but some bettors might hesitate before they get involved. Naturally, there are both upsides and downsides to any banking method, and we are here to help bettors filter through them. Below, we’ll provide a look at some of the pros and cons of betting with XRP.

Now that we’ve gotten to know a little bit about Ripple, including what sets it apart, you might be looking to get started with your crypto gambling. Here’s a short guide on how you can begin setting up a betting account that lets you spend your Ripple on some cryptocurrency betting.

1. Find a Website that allows for Ripple as a payment method. We’ve mentioned some top-notch options for those who don’t want to look around themselves.
   
   
2. Create an account on the sportsbook that accepts Ripple. This is a fast and easy process, where bettors will input personal information and create a login and password.
   
   
3. Set up a crypto wallet. Xaman is considered a top mobile wallet for those who want to store Ripple. Bettors will then need to head to a crypto exchange like Binance, where they can exchange money for Ripple. The Ripple can then be stored in their crypto wallet.
   
   
4. Return to the sportsbook you have registered with, and click deposit. There, you’ll see the deposit options. Select Ripple and input the required details. This will then fill your account, and you are ready to begin gambling!
   

Wagering with Ripple is not something many bettors have experience with, and it is a unique process. There are many things that set XRP/Ripple apart from other crypto options, and make utilizing it different from, say, betting with Bitcoin. Below, we’ll explore some of the key differentiating factors that make Ripple unique from other crypto options.

• Different Purpose: Unlike Ethereum or Bitcoin, Ripple was created to foster cross-border transactions and was not intended to decentralize for the sake of decentralization. It is just intended to hold value and move it efficiently.
• Speeds: One thing gamblers love about Ripple is its incredible speed. XRP transactions settle within five seconds, far faster than many other top cryptocurrency options.
• Lack of Mining: Unlike Dogecoin, Litecoin, or Bitcoin, there is no mining for XRP. There are no minors competing for this form of digital payment, which means its energy requirements are far below those of Bitcoin.
• Closer Ties to Financial Institutions: Ripple has a larger-scale institutional focus that is intended to make it attractive to banks and payment providers. They are not intended to decentralize as heavily as coins like Bitcoin. 

As we’ve mentioned, betting with Ripple might not be as popular as wagering with Bitcoin or other more common payment methods like Visa and MasterCard. Naturally, gamblers might have some questions. We are here to help with some answers to the most frequently asked questions about Ripple betting sites.