Despite its relative youth, many betting sites accept Ripple as a valid payment option.
In order to deposit using this cryptocurrency, bettors need to sign up to a reliable exchange. As with every transaction, it should be a trustworthy site as you'll be buying digital coins with a debit or credit card.
Again, just like any other crypto, bettors need a wallet for their coins. After setting it up, they can now transfer the available funds to their wallets as they see fit.
Once players have purchased their coins, they should use a Ripple XRP ledger, which can track all transactions made with your wallet and account. The ledger uses decentralized blockchain technology to process transactions almost instantly. Using this ledger requires no additional permissions for bettors to access and utilize it.
To bet with Ripple, simply head to your preferred betting site and find the 'Deposit' section. Then, choose Ripple as the preferred payment method from the options provided. An address will then be generated for the desired deposit amount.
Then, using their Blockchain wallet, bettors must deposit the funds to the given address. The monies are promptly credited to your betting account after they have been accepted. All deposit transactions are free and handled promptly on most betting sites.
Each bookmaker may have its own policy when it comes to depositing limits. Check with your betting site's customer service team to find out what the minimum and maximum deposits are for Ripple.