Ripple Casinos 2024
Peter Schmidt| Ripple Facts | |
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| Creator: | Ryan Fugger, Chris Larsen, Jed McCaleb |
| Introduction: | 2012 |
| Abbreviation: | XRP |
| Company: | Ripple Labs Inc. |
| based in: | USA |
| Website: | ripple.com |
| Available | in 100+ countries |
| Best Ripple Casino: | Stake Casino |
The Ripple protocol has been around since 2012. It's important to note that although Ripple is represented by the cryptocurrency symbol XRP, Ripple itself is not really a cryptocurrency in the conventional sense.
Unlike BTC and Ethereum, for example, XRP does not run on a blockchain. It's able to run and play with the big boys, keeping up with bigger digital currency competitors because of its scalability.
Like other digital coins, it has taken off and competes successfully because of the huge market demand, among casino players and many other, for digital alternatives to traditional "real money" currency like Dollars and Euros.
Not only among casino players are cryptocurrencies like the XRP extremely popular. Billionaires like Bill Gates and heavy hitters like Ben Bernanke, former US banknote chief, are among those diversifying their liquid assets with digital coin, as is Elon Musk, who recent dubbed himself the Dogefather to celebrate his championing of the fast-moving Doge coin.
Often, XRP is called a "bank coin" because of the impressive network of various banks that Ripple has aligned behind is coin. It has the big advantage of ensuring that payments made internationally can no longer just disappear. Anyone who has ever "lost" a wire can appreciate that value added. If Ripple hits its marks over the coming years, the advantages of its protocol could make the whole correspondent banking system much safer and faster. Already, major credit institutions, such as Santander Consumer Bank, have jumped on the Ripple network bandwagon.
Contents
The Best Ripple Casinos 2024
The XRP coin has been slow to establish itself strongly in the gambling industry, certainly not in comparison with pioneers like Bitcoin and Ethereum. However, chances of Ripple are growing as casino operators seek out alternatives to traditional currency payments, increasingly monitored more tightly and limited by legislation and regulations.
To date, we have come across only a few casino providers accepting deposits in XRP. Here they are:
  
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 | 96% Excellent | $500 | visit Stake Read Review |
 | 95% Excellent | 5 BTC / $1,000 + 200 Free Spins | visit Cloudbet Casino Read Review |
 | 94% Outstanding | Virtually unlimited | visit BC.Game Casino Read Review |
 | 94% Outstanding | 1BTC | visit Betpanda Read Review |
 | 93% Outstanding | up to $450 000+ 140 Free Spins | visit Fairspin Read Review |
 | 93% Outstanding | $2,000 or 5 BTC+ 180 Free Spins | visit BitStarz Casino Read Review |
 | 93% Outstanding | $700 | visit Bitsler Casino Read Review |
 | 93% Outstanding | 350 mBTC | visit Rocketpot Read Review |
 | 92% Outstanding | VIP program | visit Duelbits Read Review |
 | 90% Outstanding | 4 BTC+ 325 Free Spins | visit mBit Casino Read Review |
How Ripple works in Online Casinos
If you have the good fortune to find a casino which supports XRP, then the rest is quite straightforward. A deposit to the crypto casino is possible with Ripple, of course, only with wallets that explicitly support the coin.
That's usually not an issue, since Ripple is one of the most established coins on the market and users can easily buy XRP via Coinbase and alternative exchanges, for example.
The major steps to making a XRP deposit at a casino are as follows:
- Set up account and click on "Deposit".
- Select Ripple
- If necessary, XRP must first be added as a method
- Open destination tag and enter a link into wallet
- Enter your personal Ripple Coin address that was given to you by that wallet. It's best to copy and paste to avoid the possibility of data entry errors.
- Select the desired amount and confirm the transaction
- Credit should then be available in real time.
To its credit, the XRP Coin is among the fastest and most scalable. However, as described in the instructions, there are some specifics that you need to carefully take into account. Each time you make a deposit, a personal Ripple Coin address will be generated anew by the casino. The destination tag is basically equivalent to a unique payment ID and confirmation. In this way, the transaction is additionally secured so your funds arrive safe and sound instantly.
Important note: If you do not enter the destination tag ID correctly, your XRP can be lost just as quickly as ripples on the surface of a pond after tossing a stone. Pay careful attention to every step of data entry when depositing crypto in an online casino. It's always a good idea to copy and paste: typos can creep into manual data entry.
Another feature - or limitation, depending on how you look at it – is that Ripple payments, regardless of their amounts, will only go through if there are at least 20 Ripple on the selected wallet. This limit serves to prevent spam transactions and ultimately serves as another security measure. But it can be a pain in the neck if you're unaware of that restriction.
Advantages & Disadvantages of XRP in Online Casinos
- What are the advantages of Ripple as a casino payment method?
- What are the disadvantages of Ripple casinos?
1.) What are the advantages of Ripple as a casino payment method?
The developers of the Ripple protocol have set for themselves the ambitious goal of making international payments faster and more secure. Transactions are traditionally carried out through a network of international banks.
Ripple completely eliminates the so-called correspondent banks as well as the extended transaction routes resulting from traditional routing methods. It's a bit like the difference between taking a non-stop flight and a multi-hop booking. In principle, it's faster and less can go wrong. That's why it's a good fit for use in online casinos.
If you have a crypto wallet such as Coinbase, you know that you have a free choice among different currencies. Ripple stacks up quite well in comparisons, getting a high level of acceptance on various exchanges, and can be purchased at a comparatively low price.
Here are some of the key advantages of Ripple at a glance:
- Best possible scaling
- International payment transactions in real-time
- High security due to Destination Tag
- Close cooperation with reputable banks
- Low costs per XRP
The high availability of the XRP Coin is another big advantage for long-term strategic planning. Unlike Bitcoin or Ethereum, Ripple is not subject to a classic mining process. The inventor himself has put more than 100 billion XRP into circulation over the past few years. That's skin in the game! As of now, network participants can access 55 billion XRP without the need to mine coin. This advantage sets Ripple apart from more well-known cryptocurrencies.
Back to TOC2.) What are the disadvantages of Ripple casinos?
While XRP-currently under 50 cents – is far cheaper than BTC, and therefore affordable even for small investors and players at online casinos, it does have the disadvantage that because you need to have at least 20 XRP in your wallet for the transaction to take place, casino customers may need to purchase more XRP than the minimum deposit amount required from the casino's end.
Another disadvantage of XRP and other digital currencies are the exchange fees to and from traditional currencies like USD, CAD and EUR. These fees will vary depending on the casino but will be incurred both when depositing and withdrawing winnings.
There's also the volatility of digital currency rates, even more so than traditional currencies.
Last but not least is the fact that few online casinos currently accept Ripple. The acceptance is significantly lower than for other more well-known digital coins. However, the number of Ripple casinos can always grow, so it's a good idea to keep a few XRP on your preferred wallet.
While it doesn't affect casino players per se, XRP has been criticized due to the fact coin ownership is highly centralized and concentrated in the hands of the company itself. At present, Ripple Labs Inc. holds by far the lion's share of the created 100 billion XRP, namely about 80 billion. Unlike alternative cryptocurrencies which boast their decentralization, Ripple holds the reins of its coin very tightly indeed. This doesn't affect casinos, per se, but it's a kind of warning flag that has earned negative marks in the crypto industry.
The disadvantages at a glance:
- Exchange fees apply
- Few XRP casinos available
- Must have 20 XRP in wallet for transaction to take place
- Highly centralized currency, heavily owned by Ripple Labs
Overall, XRP gets mixed reviews. It will be interesting to see if Ripple's availability expands and decentralization develops in the coming years.
Back to TOCTips & tricks when paying with Ripple (XRP)
The strategic cooperation of Ripple with Santander offers some advantages. XRP cannot be purchased from the chosen casino directly, so registration of a crypto wallet is essential. Coinbase is highly recommended. Binance is another option, but casino customers should inform themselves beforehand, because this wallet tends to be less accepted at online casinos.
It is also advisable to check the prevailing exchange fees in advance. Questions can, of course, be directed to the support of a casino at any time. In our experience, the trained casino support staff provides quick and easy to understand answers concerning cryptocurrencies and their use.
"Investing in crypto is highly speculative, and should be done with caution. Since the potential of XRP is relatively high, it may be worthwhile to buy in generously. An increase in value is of course desirable, but it can't be taken as a given. It's an alternative reason to invest in XRP, especially till Ripple becomes accepted in more online casinos." Peter Schmidt – Author and Casino Expert
"Investing in crypto is highly speculative, and should be done with caution. Since the potential of XRP is relatively high, it may be worthwhile to buy in generously. An increase in value is of course desirable, but it can't be taken as a given. It's an alternative reason to invest in XRP, especially till Ripple becomes accepted in more online casinos." Peter Schmidt – Author and Casino ExpertRipple XRP FAQs
The Ripple protocol, and its XRP coin, remains comparatively unknown in the gambling industry. However, online casinos are increasingly receptive to digital currency alternatives to classic real money payment methods. While Ripple is not a cryptocurrency in the classic blockchain method like BTC and ETC, it still has staked out a unique position in the digital currency landscape. It's worth considering in some detail, and addressing the key questions asked about XRP.
- Is there a fee for making a Ripple deposit?
- Are there XRP bonuses in the casino?
- Is it worth buying Ripple for casino games?
- Is paying with XRP safe?
- Can I cash out with Ripple?
- Which Ripple alternatives are there?
1.) Is there a fee for making a Ripple deposit?
Unfortunately, fees cannot be avoided completely when depositing in crypto at an online casino. It's not necessarily charged by the casino, but your crypto wallet will charge a transaction fee. Players should therefore plan for small additional costs. Overall, the fees tend to be quite manageable, especially since they are displayed transparently as soon as you enter the destination tag and the wallet address.
All in all, Ripple remains one of the most favourable solutions for those who prefer to play in crypto casinos. However, fees still need to be taken into consideration because if the wallet lacks sufficient funds the transaction won't be carried out.
2.) Are there XRP bonuses in the casino?
Few crypto casinos offer a welcome bonus, but there is no general bonus exclusion for payments with Ripple XRP coins. Instead, many crypto casinos let new players have access to the same promotions as returning players. It's always advisable to look at the bonus policies of each casino individually and in advance. Ultimately, it's the player's choice about the method or currency with which a deposit is made.
Bitcasino.io does not offer a big welcome bonus like some other online casinos. But this crypto casino does offer lucrative promos and bonuses down the line. They work hard to offer incentives to reward player loyalty and engagement.
3.) Is it worth buying Ripple for casino games?
Currently, XRP makes little sense as a deposit alternative to Bitcoin and other more established crypto currencies due to its relatively low acceptance in crypto casinos. However, that is changing as it's still early days for Ripple as a means of payment in online gaming.
As various jurisdictions impose more restrictive legislation and tighter regulations on traditional currency exchanges in online casinos, digital coin alternatives become more attractive. XRP coin does have the advantage of being far cheaper to acquire than BTC or ETH.
Cloudbets Ripple Casino includes a huge range of games.MoreLess
4.) Is paying with XRP safe?
XRP is well protected with a variety of security measures. For one thing, an individual wallet address for the deposit is generated for each booking. In addition, the transaction does not work without an additional destination tag, a special ID that further secures transactions with Ripple.
But let the XRP depositor beware: If you forget to enter the destination tag, or enter the wrong address, it's quite possible that you can say bye-bye to your deposit. The inventors of the cryptocurrency rely on your responsibility and care when using digital coin for payments – of whatever kind. Whenever possible copy and paste addresses rather than entering them manually. Fingers can slip!
5.) Can I cash out with Ripple?
If XRP was the currency your selected when depositing, it's likely that you will get any earned winnings also via Ripple. It's not really a disadvantage in the end, just the way things are.
Casinos typically automatically convert the XRP into Euros or Dollars – depending on the locale and policies of your online provider – so that it is convenient to play with real money without any problem. When the time comes for the payout, your winnings will be converted into XRP according to daily rates, with an exchange fee deducted at the same time. However, exchange policies do vary with casinos so it's a good idea to chat with support to find out.
6.) Which Ripple alternatives are there?
Ripple or XRP is not that widespread – at least not yet. So at this stage, you will probably be inclined to transact in other alternatives. Some are better known than others. Large crypto casinos today accept the following coins, among others:
Some or all of the above options are now available in online casinos, with newcomers like DOGE and Tron gaining traction fast as their crypto footprint grows. There are now plenty of safe and reliable alternatives to BTC for players seeking out crypto casinos.
The Expert Conclusion on Ripple for Casino Players
Technologically, XRP is certainly one of the most advanced digital coins on the market – and in technical terms it poses a challenge to alternative currencies like Ethereum or even Bitcoin. Still, it remains to be seen whether the more well-known online casinos will come to see this coin as an opportunity for themselves and a convenience for their customers.
Tip: The price of XRP is still highly affordable. Thus, it makes sense to consider it as an investment alternative. BTC has already proven that investors can do themselves a big favor by letting time play out to their advantage. But, of course, each case and coin is different, and you should research any coin before investing.
As a payment method in online or crypto casinos, Ripple appears secure and reliable, with extra transaction security in place due to the additional destination tag protection.
Unfortunately, to date there are only a few casinos where you can try to drop your Ripple coin. Along with the scarcity of XRP casinos, there are inevitably fees for transactions, though these are likely to be a bit lower for XRP relative to other digital currencies.
This is certainly another point that clearly speaks in favour of choosing known casinos like Stake.com or Bitcasino.io where your Ripple will be accepted without problems.
Bottom line, Ripple is an interesting protocol and XRP is a coin worth watching, especially for the medium- to long-term. If it can achieve its strategic goals for disrupting and expediting traditional bank transactions, Ripple could prove to be a major player – and not just in casinos.
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