Ripple is an innovative payment method. Currently there are not many Ripple betting sites available in Canada. Ripple is a great payment method, however, it has its base outside of Canada. Cryptocurrencies in general are not huge in Canadian betting sites, and this one in particular is not the biggest.
Ripple is thinking big! Not only do they have their own cryptocurrency (XRP), but they also help transfer a number of items of value such as frequent flyer miles and mobile minutes. They are looking to make a big statement.
This has the potential to be the future of finance. Look for a growing list of Ripple betting sites to represent that great potential. Perhaps this is the kind of statement we need to finally get more Ripple Casinos.
Ripple specializes in fast, secure, and convenient global transactions. The silky-smooth digital transactions have all the benefits of cryptocurrency, such as lower fees and speed.
It also means that you will need to open a wallet and buy coins at an exchange. Do not worry, we will walk you through the basic steps to getting your cryptocurrency ducks in a line.
How to Use XRP
XRP is a cryptocurrency, so similar steps apply to how to use Ripple as would to Bitcoin or Litecoin. If you have not yet set up your cryptocurrency game, it is highly recommended.
This is how an increasing number of transactions will take place. So buckle up!
First, you go to an exchange. A few that are trusted are Coibase, Poloniex, or Kraken. Exchanges are places where you can buy or sell cryptocurrencies. They have different exchange rates and also varied fee structures. So do a bit of research.
You can store your cryptocurrencies here, directly in the stage. If you want another, more secure place to store them, you can get a crypto wallet.
A few wallets that are safe are Atomic, Bread, Mycelium, and Exodus. Any of these will be great for buying and storing your cryptocurrency and then using them for betting.
There are a few things to consider when choosing a wallet. If you choose a hardware wallet, you will gain in security, but lose in convenience. Price is another key factor in choosing the best cryptocurrency wallet.
Once you have your wallet set up, you can transfer your XRP into it, where they will wait patiently for you to start playing.
You can send them to different vendors by going to your wallet, and clicking send or transfer. Then you just copy and paste the recipient’s wallet address or scan their QR code.
The funds will almost immediately be transferred.
Advantages of Betting with Ripple
Ripple is a great payment method. We are all hoping that more Ripple casinos and gambling sites open up.
What makes Ripple different from other cryptocurrencies is the extensive payment network behind it. More than a cryptocurrency, Ripple is a digital payment network that also has a domestic cryptocurrency.
For this reason, Ripple is accepted by a large number of banks and has more of a legitimacy backing it up.
Also, XRP is super fast! Not only does its reach span the globe, it does so in record speed.
We all know Bitcoin is typically processed by betting sites much faster than credit or debit cards. Ripple is more than 20 times faster than even Bitcoin. Its processing time is less than one minute!
Also, Ripple barely charges any fees. It is extremely cheap! In fact, in many cases, you can choose your own transaction fee.
Once betting sites start to accept Ripple, they will have their own fee structures. As these get up and running, we will be sure to keep you up-to-date!
Ripple Welcome Bonuses
A big part of how we choose our favourite betting sites is based on how generous their bonuses are. As welcome bonuses require a deposit, we want to make sure we are choosing the right deposit method.
Welcome bonuses are almost always dependent on how much you deposit. These are generally matching bonuses between 50-100%.
Do not worry! Welcome bonuses are available to you no matter the deposit method you use. The tricky part here is fiding a Ripple betting site, not finding one that will give you a welcome bonus.
Welcome bonuses are easy to find. All of our recommended sites give generous welcome packages. We would never recommend less than the best.