Ranking of the Best eSports Bookmakers with Ripple
Welcome to the exciting world of eSports betting, where strategy meets skill and every match is a chance to win. In Rwanda, the popularity of eSports has surged, and with it, the interest in betting on these electrifying competitions. Based on my observations, choosing the right betting provider is crucial for maximizing your experience. Here, we rank the top eSports betting platforms, focusing on factors like odds, markets, and user experience. Dive in to discover the best options tailored for passionate fans and bettors alike, and elevate your eSports betting journey with informed decisions.
Top-Rated eSports Bookmakers with Ripple
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About Ripple
Ripple, a virtual currency is traded as XRP in the crypto market, was invented by Ripple Labs Inc, a technology company based in San Francisco. An independent authentication server validated its digital signatures. Its ledger was first introduced in June 2012 with 100 billion tokens. After Chris Larsen joined Ripple Labs Inc, they founded NewCoin in September 2012.
Its name has changed from OpenCoin to Ripple. Despite regulatory concerns, the coin's value soared to a three-year high above $1 at the beginning of April 2021. In addition to being exchangeable for most other currencies, Ripple can save users time and effort associated with bank queues.
Unlike Bitcoin and Ethereum, Ripple is not a blockchain-based cryptocurrency. It is a digital currency with a "hash tree" and cannot be mined due to a limited supply (100 billion coins). XRP's hash tree mimics the blockchain with numerous nodes for processing a transaction. During payment, the financial details are assigned a single value and released to a decentralized public network to validate server nodes.
Is Ripple popular?
A robust regulatory structure by gambling laws has made eSports betting safe and fast-growing. Many digital coins, including Ripple, are replacing traditional currencies. Sports betting with XRP has recorded significant growth over the last few years. Since Ripple is quite affordable for most sports bettors, it is ideal for sports betting. At the time of writing this article (January 2022), its value was $0.7429.
How to make a deposit with Ripple
Numerous sportsbooks today accept Ripple as a deposit method. Most sites that allow you to fund an account with XRP do not impose geographical restrictions, meaning you can play eSports from anywhere. Ready to place real money wagers with Ripple deposits? You will be well on your way to placing sports bets if you follow the steps described below.
- Get a Ripple wallet: Purchase enough XRP from a crypto exchange platform and store them in a digital wallet
- Register with a Ripple eSports betting site: Check out one of our suggested sites on this webpage with good ratings
- Log in to the bookies and find the payment page
- Choose cryptocurrency, followed by Ripple (XRP), as your deposit method
- You will be directed to a checkout page to log in to your crypto wallet
- Enter the amount to fund your betting account
- Provide the bookmaker's wallet address and scan the QR code
- Check if the information is correct and click on the send button.
Using Ripple in online bookmakers
One of the reasons Ripple is an excellent payment option in eSports is its level of privacy. You cannot connect your XRP wallet to a bank account; thus, no authority can track down your gambling history. The deposits are instant and highly secure. Your deposit should settle in three to five seconds. A typical transaction with Ripple is so low that it is practically free. You only spend 0.00001 XRP when making a deposit.
Note that you cannot connect your XRP wallet directly to a bank account. However, with a GlobaliD wallet, you can register for a MasterCard Debit card to get cashback in the form of Ripple coins. Then, you can fund the card through a payment card, another crypto, or bank account. The daily transaction limit for an XRP MasterCard Debit card is $5,000 to $10,000. Additionally, transactions are limited to 15 per day. Always check the deposit limit at the bookmaker before funding your account.
How to make a withdrawal with Ripple
Similar to Bitcoin, Ethereum, Litecoin, and Dogecoin, Ripple provides a great eSports betting experience by allowing withdrawal functionalities. Suppose you deposit money into your online sports betting account with Ripple and win a big prize playing some eSports. How will you cash out your money?
- Go to the payment options page and open the withdrawal button
- Select Ripple XRP as the withdrawal method
- Enter how much to cash out from the bookmaker
- Provide your external wallet address
- Confirm the and wait for the bookie to approve it
The whole process can be done on mobile. The Ripple ledger doesn't jam and has proven to process massive transactions per second (about 1500). XRP withdrawals are expeditious, so the money should appear in your wallet immediately.
The only thing that can delay the payment is when the bookmaker has too many payouts to approve. But this is something most sportsbooks complete within 24 hours. As for the withdrawal charges, you will rarely be charged by the eSports provider. Though the Ripple network has a nominal fee, usually a fraction of a cent. It is as if there is no charge at all.
Pros and Cons with Ripple
XRP eSports betting presents many advantages that make punters want to bet with the digital coin. These are the same benefits you can get from any gambling site that accepts cryptocurrencies. However, there are notable merits for gambling with XRP.
Pros
- Suitable for both deposits and withdrawals
- Incredible speeds
- Meager transaction fees
- Advanced encryption methods
- Anonymous transactions
Cons
- Not all bookies accept XRP
- Some sports betting sites do not offer exclusive bonuses to Ripple players
Ripple account opening process
The first step to acquiring XRP is setting up a Coinbase account. This is a safe online hub for trading, transferring, and holding cryptocurrencies. It helps you to convert virtual coins like XRP into local currencies. In essence, you can keep your XRP directly in a Coinbase app.
To open this account, you should provide proof of identity, showing you are 18 years and above. You also need a phone number where you'll be receiving confirmation texts. Make sure you have the latest version of the browser and Coinbase App. Also, ensure your operating system is up-to-date. There are no maintenance fees for having a Coinbase account.
How to set up an account
With a Coinbase app, you can easily buy Ripple and other cryptos or transfer USD. You don't need a bank account to have a Ripple account. Here's what to do to get an XRP wallet on Coinbase.
- Log in to your Coinbase app
- On the wallet tab, tap 'Receive.'
- Select Ripple
- Add a minimum of 20 XRP to activate the wallet
Remember that Ripple price is volatile, but not as much as Bitcoin and Ethereum. Seek advice from a financial advisor or crypto guru to figure out your investment plan.
Ripple customer support options
Got a question regarding an XRP transaction? You can reach support via:
- Toll-free customer phone number
- Email
- Mail address at Ripple Labs Inc.
- Coinbase help center
Ripple management has one of the best customer care lines where users can talk directly to the agents for technical support and complaints. Before calling them, try describing your concern through the Coinbase app. Choose a relevant category and be as detailed as possible. The Coinbase help center can also give you answers to most queries.
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