Best Ripple Casinos 2022: Top Ripple Gambling Sites
Since its initial release in San Francisco in 2012, Ripple (XRP) has grown in popularity not only among blockchain users globally, but also with online players worldwide at cryptocasinos. Let’s take a look at what Ripple is and our favourite Ripple casinos out there.
- Top Ripple Casinos of 2020
- What Is Ripple (XRP)?
- How Does Ripple Work?
- Ripple Value
- Making Payments at Ripple Casinos Online
- Advantages of Using Online Ripple Casinos
- Disadvantages of Using Ripple Casinos Online
- Ripple Online Casino Games Available
- Is Ripple Secure & Are XRP Casinos Legal?
- Ripple Casino Wallet Alternatives
- Ripple Casinos FAQs
Top Ripple Casinos of 2020
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What Is Ripple (XRP)?
Intended for banks and payment networks, Ripple is a gross settlement system, currency exchange, and remittance network where the transferring of assets is settled in real time. Ripple has become a transparent and secure way for banks to relay cash instead of the more traditional SWIFT payment system, using Ripple’s cryptocurrency called XRP.
Ripple was never designed to become a payment method. Rather, it was created for the use of transferring different currencies and commodities. However, merchants worldwide have started accepting the XRP cryptocurrency, and some online casinos have also started following this trend.
It's also worth explaining what CasinoCoin is and its link to Ripple. In simple terms, CasinoCoin is a cryptocurrency that uses the source code of Ripple to create their blockchain, making CasinoCoin a fast and secure cryptocurrency. It was created specifically for the iGaming industry, and is available for regulated operators. See all CasinoCoin casinos in the linked article.
The History of Ripple
The original OpenCoin corporation was co-founded by Jeb McCaleb and Chris Larson back in 2012, and began the development of the Ripple payment and exchange network. By 2013, OpenCoin was renamed to Ripple Labs.
During 2016, Ripple obtained a virtual currency licence and became the fourth currency to have a BitLicence. By 2017, the value of the XRP cryptocurrency increased 30 times in value.
Ripple now has a huge customer base, with American Express, MoneyGram, and Santander Group being a few of the more reputable ones. Ripple (XRP) is now the third-largest cryptocurrency used around the globe, only behind Bitcoin and Ethereum.
How Does Ripple Work?
Ripple is a peer-to-peer network that uses trusted gateways for the transfer of currencies or assets using the CasinoCoin Ripple cryptocurrency. Let's consider the following example to see how it works.
Steve wants to send money to Kate, so Steve gives money to Agent A. However, Agent A doesn't trust Agent B where Kate would receive the money, so Agent A sends an IOU of XRP to Agent C who trusts Agent B. Agent C then sends an IOU of XRP to Agent B, allowing Agent B to give the cash to Kate. Like this, the trust has been rippled through the network.
With the above method, transactions can be as quick as 3 to 5 seconds.
How Do I Use Ripple Casinos Online?
If you’re looking to deposit to your favourite Ripple online casino, simply follow the below steps:
- Select “Ripple (XRP)” from the banking options available.
- Enter the amount you want to send, and scan the QR code.
- Input your unique Ripple wallet’s address code to authorise the transaction.
When you want to withdraw, return to “Payments”, enter the amount you want to withdraw, and input your external wallet address code.
Making Payments at Ripple Casinos Online
There may be a few differences between making a transaction with Ripple and another cryptocurrency. We're here to answer all your questions.
Ripple Wallets Online
Why is a Ripple wallet necessary? Well, just like when using physical money, you need a place to store, transfer, and manage your hard-earned money. When dealing with cryptocurrencies, wallets are necessary for the buying, trading, and selling of different currencies. This makes them an essential tool when dealing with cryptocurrencies.
Online Ripple wallets can come in different forms, including:
Crypterium is a mobile wallet available for iOS and Android. It operates in 180 countries and permits users to cash out to bank cards and gain interest with their own money. However, it can be problematic if you lose your mobile or have it stolen.
Atomic Wallet is a decentralised desktop wallet allowing users to make instant exchanges with great security. Just don’t forget your mnemonic seed (12-word password)!
Deposit to an Online Ripple Casino
Depositing to a Ripple casino couldn't be easier. As with other cryptocurrencies at online casinos, simply head to the banking page, search for the Ripple deposit method, and select the amount you wish to deposit.
The casino will then give you a QR code that you can scan with your mobile or laptop. After this, confirm and enter your Ripple wallet’s unique address code to authorise the transaction. Wait a few seconds and your Ripple casino wallet should be topped up and ready to go!
Withdraw from a Ripple Online Casino
Withdrawing from a Ripple casino is simple and very similar to depositing. When you're ready to withdraw, go to the casino’s banking page and choose “Ripple (XRP)“. Then, enter your external wallet address and the amount you want to withdraw. Once cleared by the casino, the XRP coins should appear in your Ripple wallet.
Fees & Limits When Using Ripple Casinos
One of the biggest benefits of using Ripple compared to other cryptocurrencies (or any currency) is the fees that Ripple charges. The cost of a transaction when using Ripple is 0.00001 XRP. So, with the amount of 1.0 XRP being $0.26 at the time of writing, this means that, when settling anything using Ripple, the fees are almost non-existent. As for the limits of using Ripple, that's down to each casino with regards to their minimum/maximum deposit amounts.
Advantages of Using Online Ripple Casinos
Ripple has become the third biggest cryptocurrency for a reason. There are many benefits when using Ripple throughout the crypto world, so let’s find out why it continues to grow.
Ripple is neither the same nor as big as Bitcoin or Ethereum, but it does offer peace of mind to those wishing to use XRP as their chosen cryptocurrency.
As Ripple was made for the banking industry, and only 100 billion XRP have been created, it stops ridiculous inflation or deflation from happening. Coupled with the fact that big businesses such as American Express, Santander, and Siam Commercial Bank have begun using Ripple, this gives the corporation bragging rights over its competitors.
Another advantage Ripple can boast about is the speed of its transactions. Ripple was designed in a completely different way to Bitcoin, where one has to solve complex equations for verification purposes while mining for more coins that go into circulation at the same time.
XRP has already mined all of their coins (all 100 billion of them) and uses a trusted node list that determines whether a transaction is valid. This allows Ripple to send money from one to another within 3 to 5 seconds. Talk about speedy service!
Lack of Volatility
As Ripple is centralised and its coins have already been mined, this creates a lack of volatility for the cryptocurrency. This is an added plus for an online currency made to help banks make international transactions.
For the online cryptocurrency squad trying to increase their wealth, this may not be the best currency. However, for someone who wants to send money somewhere else and not see the money significantly increase or decrease during their dealings, then Ripple is definitely the one to use.
Currently, Ripple has its XRP-based remittance platform in 25 countries, supporting a network of banks and financial institutions in 70 different countries. Some of these partnerships include Moneygram, Ria, and TransferGo. This vast outreach is something other cryptocurrencies can't offer, making dealings with Ripple very accessible, as well as hassle- and stress-free.
Another advantage of Ripple is its versatility, as it's used as a mediator between different currencies (fiat currencies or cryptocurrencies). This allows for money transferals of one currency to another with minimal charges.
When this is tied in with the lack of volatility mentioned above, it proves to be a great way for users to move money around without having to think about heavy fees or huge losses of money through inflation.
Disadvantages of Using Ripple Casinos Online
Nothing is perfect, and neither is Ripple! After looking into all Ripple had to offer, we did notice a couple of issues that limit the usage of XRP when trying it out at Ripple casinos.
Limited Availability of Ripple Casinos
The clearest and most obvious drawback is that there aren't that many Ripple casinos around. However, this is gradually changing, so there will hopefully be more online casinos offering XRP as a payment method in the near future.
Bonuses for Using Ripple (XRP) Gambling Sites
Unfortunately, there aren't many bonuses offered for exclusively using XRP as a payment method at Ripple casinos, which may put people off. Be assured, however, that it's still possible to use regular promotions provided by a Ripple casino.
Ripple Online Casino Games Available
There aren’t any games that are solely dedicated to XRP spenders; nevertheless, Ripple users are still able to enjoy many fantastic casino games, some of which we've mentioned below:
- For anyone looking for some Norse mythology fun, the Viking Gods: Thor & Loki slot is available with 22Bet. After signing up, players can enjoy free spins every Monday.
- If you’re into branded slots, another amazing game available at 1xSlots is Cashed Away, an adaptation of and tribute to Tom Hanks in Cast Away. Players will also be able to claim a generous welcome bonus.
- If Game of Thrones is more your thing, perhaps Dragon, available at BETANDYOU, is the right game for you. You can also cash in on their amazing welcome offer.
Is Ripple Secure & Are XRP Casinos Legal?
Of course, when dealing with any cryptocurrency, nothing is 100% safe. This is usually because of the volatile markets that can inflate or deflate a currency dramatically. Only ever use money that you can afford to spare should the unthinkable happen.
However, Ripple drastically reduces the chance of losing a vast amount of money in a short time thanks to its quick transactions, a lack of volatility, and accessibility of the currency.
Ripple Casino Wallet Alternatives
As you probably know, XRP isn't the only cryptocurrency being used by online crypto casinos. In fact, there are thousands types of crypto casinos that accept different kinds of cryptocurrencies, such as Bitcoin Cash casinos, Dogecoin casinos, Dash gaming websites, and Zcash gaming websites. We'll outline a few of the more familiar cryptocurrencies, all with their own advantages.
Ripple Casinos FAQs
Yes. When making a transaction with Ripple, you'll be charged 0.00001 XRP, which is less than one penny. However, do check with your Ripple casino in case they charge additional transaction fees.
Certainly. If your Ripple wallet is available on your mobile, then transactions from your mobile should be hassle-free.
No transaction is 100% safe. However, Ripple makes its currency as safe as possible for sending and receiving money, while not losing money on deflating markets.
It depends on the country. Depending on where you are, the rules for using Ripple vary a lot. However, it currently has partners in 70 countries worldwide, and is still expanding its network.
Deposits and withdrawals with Ripple usually take 3 to 5 seconds, but may change with each online casino.
When searching for an online casino, head to the banking options and look for Ripple, XRP, or the XRP logo.
Ripple offers customers a secure, faster, and less volatile method of payment when compared to others.
Yes. XRP gambling sites are legitimate. Just make sure that you're on a safe and secure online casino, and you should be good to go. We recommend taking a look at the list of the best XRP gambling sites above, as we've checked them to make sure they meet all our requirements.
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