Now Reading
Safe Crypto You Can Use for Betting, XRP Ripple

Safe Crypto You Can Use for Betting, XRP Ripple

If you are excited about the benefits that crypto betting offers, then nobody can blame you. There are many reasons why you should bet with cryptocurrencies, especially XRP Ripple. However, you should be aware that there are many untrustworthy gambling sites out there that are ready to take your hard-earned money without any good reason. 

To be on the safe side, you can follow this link smartcasinoguide.com. Once you land on the page that it directs you to, you will find lots of reputable betting platforms to pick from. Many gamblers love the page since, aside from providing top XRP gambling options, it also provides useful information about crypto betting.

All cryptocurrencies claim to be safe, but some are safer than others. So if you are looking for a safe crypto that you can use to place wagers, then you should pick XRP Ripple. Go through the following sections of this article to find out more about betting with this safe cryptocurrency.

Why You Should Use XRP Ripple for Betting

One of the main reasons that make gamblers pick XRP Ripple when it comes to betting or gambling online is the level of security that it offers. As a digital currency, XRP Ripple runs on a distributed ledger, the same way other cryptocurrencies do. 

Thousands of nodes are available to secure and validate all transactions on the blockchain network. Apart from providing much-needed security, they ensure that there’s no central point of failures. One main thing that makes XRP Ripple unique from other cryptocurrencies in terms of security is that it operates on a consortium. 

In the consortium chain, only trusted nodes are picked to validate the blockchain network. This is totally different from the public chain that Bitcoin and other cryptocurrencies use. In a public chain, any node can be used to validate the crypto’s blockchain. By operating as a private blockchain or a consortium, less time is needed to protect users from any type of malicious activity. 

Also, it isn’t possible to mine the XRP Ripple since the whole supply of the cryptocurrency was done on its inception. The large amounts of the XRP funds are time-locked by the Ripple Labs, and the concerned parties are sure to distribute them back into the economy in the future slowly. As a result of this, blocks aren’t mined as such; instead, they are packaged up and then verified by thousands of nodes on the blockchain network, providing room for faster settlement.

Other Reasons that Make XRP Ripple a Perfect Option for Betting

Aside from security, there are other additional benefits that XRP Ripple offers. These benefits include the following:

Transaction Speeds and Network Scalability

The transaction speed, as well as the network scalability that XRP Ripple offers, is one of the main benefits. The trade-off of the transaction speed that the crypto offers is a certain level of centralisation. 

But that’s becoming speedily diminished as thousands and thousands of consortium nodes come online. Also, XRP is set up specially, such that if the Ripple Labs disappear, the open-source of the blockchain could still function as required. This means that its users cannot expect any failures when using cryptocurrency.

When it comes to scalability, XRP can handle over 1,500 transactions within a minute with consistency and incredible accuracy. Other cryptocurrencies can only handle a total of 15 transactions in a single minute. The impressive speed that XRP Ripple offers provides you with greater confidence in partnerships as well as transactions.

Decentralised Remittance System

XRP is built on an open-source technology, which allows for the distribution of capability as well as customisation to blend smoothly with the needs and requirements of different punters. Its set of validators is expanding each day, allowing access to different gaming platforms and markets. 

Additionally, the distribution allows players to transfer value from fiat currencies and commodities. This is one of the main aspects facilitating the widespread usage and faster adoption of Ripple in the online betting and gambling industry.

It’s Almost Free to Send and Receive

XRP transactions are not 100% free. However, they are close to free. You’ll only be charged fractions of a coin to either receive or send funds. Even larger transactions only attract a few drops. The drops are the equivalent of satoshis in Bitcoin.

If you compare the transaction fee of XRP Ripple to that of other cryptocurrencies or traditional banking methods such as electronic wallets, cards or bank transfers, you will notice that betting with XRP Ripple will result in substantial cost savings.

It’s Widely Available on Crypto Exchanges

Currently, many crypto exchanges sell XRP Ripple. Whether you are looking to trade EUR, GBP, USD, NZD, AUD, CAD, CHF or any other global currencies, you will be able to do that with ease. 

Also, you can trade other cryptocurrencies such as Ethereum, Bitcoin, LiteCoin and Bitcoin Cash for XRP Ripple at many exchange sites. That makes XRP Ripple easy to get, as well as easy to cash out.

How to Purchase XRP Ripple for Betting

Purchasing the XRP currency can be achieved in two main ways. The first one is through crypto exchanges like Kraken and CEX.IO. Obtaining the currency through the main XRP website is the second method. Below are the steps that you need to follow in order to purchase XRP.

See Also

  • Get an XRP Wallet: To purchase Ripple coins, you will need to open a digital wallet before initiating the purchase process. There are lots of websites that you can use to create a digital wallet. However, before you can trust any platform, be sure to check if it’s trustworthy.
  • Create an Account with a Respected Exchange: In order to access the services of any crypto exchange, you will need to open an account with it. Currently, very few exchanges support XRP Ripple. This means that the demand for the cryptocurrency is increasing steadily. Two main crypto exchanges that support XRP Ripple include Changelly and CEX.IO.
  • Verify Your Account: As a new user, you must verify your account before you can start any trading activity or exchange. Therefore after registering for an account, you must verify your information to continue with the transactions.
  • Purchase XRP with FIAT Currency: Once you have a wallet as well as an exchange account, you can purchase XRP Ripple with fiat currency. To purchase your coins, just search for XRP/XBT, XRP/BTC or XRP/EUR. 

After purchasing the coins and you are sure that they are available in your wallet, you can link the wallet to your betting or gambling platform’s account. Doing so will enable you to make deposits and withdraw funds via XRP Ripple.

Betting with Ripple: Safe Gambling Platforms

Once you have purchased enough XRP ripple coins, you need to sign up with a safe, reliable, and fully regulated online gambling platform. This will allow you to be sure that your funds, winnings and details are 100% safe. The main features that safe Ripple betting sites have to include: 

Good Reputation

Without any doubt, a safe gaming and betting site needs to have a good reputation. Before you sign up, be sure that you can trust the platform of your choice. Search online and see what the previous users of the site are saying about it. 

If the comments are positive enough, then that site is safe. Other things that can help you check if a site is safe is the period that it has been offering its services. Many years of service mean a good reputation.

Gaming License and Security

A safe Ripple betting site must have a valid gaming license. Check to see if the license is from one of the respected regulatory authorities such as the United Kingdom Gambling Commission, Malta Gaming Authority and Curacao eGaming. If the license available is from any of these authorities, then that site is well-protected. 

Apart from a license, it is also important to check if the website uses any of the latest SSL encryption technologies. The most common ones include 128-bit and 256-bit. Many sites always display their SSL certificates and licenses at the bottom of their websites. So be sure to scroll down the website to check for their validity.

24/7 Support Services

A safe and reputable online betting site needs to offer professional and friendly support services. With a 24/7 support service, you can contact the support team at any time of the day. So if you have any issues concerning payments, bonuses, games, or other betting markets, you are sure to find solutions instantly. Safe gambling platforms offer four main types of communication channels which include email, phone, FAQs and live chat.

Final Thoughts

Ripple is one of the safest deposit and withdrawal methods that you can use when it comes to sports betting and playing online casino games. The cryptocurrency allows you to remain anonymous while accessing all the features that your favourite betting site offers. If you are a fan of safe gambling sites, then you should pick Ripple betting sites. You can find the best options on smartcasinoguide.com.