I always loop the strap through. IMO that's why there are two rings in the first place. Run the strap down through both, then back up through the top one.
This secures the watch in place on the strap nicely.
That's the way I have mine also. I don't think there is a right or wrong way though.
You will have to pull the top ring out and down a bit to create a slight overhang so the strap can come back up and through.
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