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Ripple is one of the biggest and most ambitious projects in the current cryptocurrency landscape. Devised as a decentralized platform for transfers and currency conversion, its native currency XRP is one of the most widely-used and popular casino cryptocurrencies in the world.
Importantly, Ripple is the name of the P2P payment protocol and network, while XRP is the native currency token. However, the two terms are often used interchangeably. Many people refer to the token as Ripple, and so will we.
Just like all other cryptocurrencies, XRP does not rely on banks or financial companies to facilitate transactions. It allows quick, secure, and simple payments from anywhere in the world.
XRP is registering rapid growth in the world of online casino gaming. It’s already available on quite a few sites and more are joining the fold every day. Although it lacks the strict anonymity of some cryptos, Ripple is faster and cheaper, with minimal fees and instant payment processing.
If you’re looking for XRP casino sites, we can walk you through the best ones available today. Moreover, we’ll cover the pros, cons, and requirements of XRP gambling. This should provide you with a clear idea of whether you’ll want to use Ripple or consider other payment options for your gaming needs.
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Ripple was primarily devised with financial institutions in mind. That’s why its focus is on efficiency rather than anonymity. Furthermore, that’s also why it’s not present on as many casino sites as we would want it to be.
Still, casinos with XRP pop up all the time. The ones that already accept it are also fairly impressive, so you’re not strapped for choice if you want Ripple casinos. Just don’t expect to have as many options as with, say, BitCoin or Ethereum.
You’ll find a list of the best Ripple casinos below, complete with basic information about each site. Click on any entry to check out our full review or the casino itself.
New FuturePlay Casino players can claim 4 deposit bonuses worth up to 4 BTC + 400 Free Spins. Spins valid only on select slots. Free Spins rollover 40x. 1st deposit wag. req. 40x, 2nd, 3rd, and 4th 35x. All bonuses valid for 7 days. Min deposit 30 USDT (or currency equivalent).
New Revolution Casino players can claim a €500 + 200 Free Spins welcome bonus with a 100% match of the deposit plus 200 Free Spins distributed over 10 days in sets of 20. Wagering req. 35x (deposit + bonus) for the cash bonus, plus 40x for Free Spins. Players have 10 days to complete rollover. Min deposit is €20.
Bitstarz Welcome Bonus covers 4 first deposits. 1st deposit is a 100% up to €100 or 1 BTC + 180 Free Spins. 20 Instant free spins + 160 (20 per day, starting in 24 hours). A minimum deposit of 20 EUR is required to receive the 180 free spins. 2nd, 3rd, and 4th receive 50% up to €100 or 1 BTC,50% up to €200 or 2 BTC , or 100% up to €100 or 1 BTC, respectively.
Welcome package covers 4 deposits up to a total of 3.5 BTC. 45x wagering requirement. New customers only. Terms and conditions apply.
Company Name:
Ripple
Headquarters:
San Francisco, CA
Established:
2012
According to Pat White, CEO of Bitwave, Ripple was initially conceived as a replacement for SWIFT – the international network of banks used for money transfers. The goal was as straightforward as possible – creating a global network to facilitate monetary transactions with minimal fees and waiting times. Ripple itself can facilitate transactions in any type of currency, including both fiat and cryptocurrencies such as Bitcoin.
So if Ripple is essentially a middleman for payments, how is it also a cryptocurrency?
XRP is the actual currency most people refer to as Ripple. From the outside, XRP is a seemingly ‘standard’ crypto token devised to facilitate transactions on the Ripple network. As a user, you have to purchase XRP through exchanges or other means.
That said, XRP is different from most other cryptocurrencies in several small but important ways. For starters, it’s not truly and absolutely decentralized like most cryptos. Other cryptocurrencies open their transaction ledgers and verification processes to anyone who can solve complex equations quickly – which is usually called mining.
On the other hand, XRP maintains unique node lists that users can select to verify their transactions. These nodes act as trustworthy confirmations of transactions and are only interrupted if there is a mismatch between two results.
In practice, this helps Ripple achieve faster and cheaper transactions than completely decentralized currencies. On the other hand, your anonymity is not quite as guaranteed. Also, mismatches between nodes can cause complex service issues that can potentially bog down your transactions. That doesn’t happen very often, though.
Furthermore, XRP is not ‘mined’ in the typical sense. The nodes used for payment confirmation and verification are all owned by Ripple instead of individual users. As such, this currency was completely “pre-mined” before release. Ripple then periodically released large numbers of tokens into circulation, and most are still owned by Ripple.
Initially, many were concerned that this sort of approach could potentially devalue XRP if too many were released in a single time. However, Ripple’s company policy had so far been very careful and conservative. The value of a single token is carefully balanced to prevent extreme inflation or deflation. Historically, XRP has been a relatively stable cryptocurrency. Especially when compared to the likes of Bitcoin.
Just like with all cryptocurrencies, you will need a crypto wallet with XRP to store your tokens outside the casino. Many options are available online in terms of cold and hot storage. The differences are not enormous for a typical user – especially if you only want to use XRP online casinos and not treat it as an investment. Still, we recommend that you consider your options carefully. Your choice of an XRP wallet determines important factors such as fees.
Anyway, once your wallet is set up, you’ll also need to fund it. Exchange fiat or other crypto currencies using your wallet of choice to do so.
Obviously, you will also need to register for an XRP casino site. Use one of the suggestions we listed above to get started.
Once you’ve completed both of these requirements, the deposit process is quick and hassle-free.
Your Ripple tokens will be available and ready to play with within minutes.
Yes, casino withdrawals in XRP are also possible and equally fast and straightforward. Essentially, you just have to do the reverse.
Start by opening your crypto wallet and looking up its address. Copy it and head back to the casino cashier section. Once there, pick Ripple as your withdrawal method and type in the amount you wish to pay out.
Paste your wallet into the address and hit confirm. That’s it! Your cash will be safely back in your crypto wallet within minutes. You can then convert it back to fiat money or do anything else with it.
Although XRP payments are essentially instantaneous, note that some casinos may have to process withdrawal requests on their end. That means that withdrawals are not necessarily always instant, as per the casino’s terms and conditions.
The XRP ledger imposes a small fee on all transactions made on the network. Importantly, you don’t pay the fee to Ripple or anyone else. Instead, the tokens are irreversibly destroyed.
That sounds bad, but the rule exists for a reason. It’s intended to prevent spam, DDOS attacks, and other issues that could unnecessarily slow or bog down the network. Moreover, it’s a sort of natural counter to inflation and devaluation.
The minimum XRP transaction fee is currently 0.00001 XRP, which converts to around $0.0000052. In other words, Ripple fees are negligible unless the network is undergoing unusual stress or amounts of traffic.
However, crypto wallets often impose their own fees as a sort of service charge. These fees are rarely more than 0.1% of the transaction.
Lastly, most casinos do not impose any fees or charges on their end. If your casino slaps you with an XRP transaction fee, we suggest immediately looking for another casino.
As far as XRP waiting times are concerned, the processing speeds are one of Ripple’s main advantages. Assuming everything goes as planned, payments are typically completed in under 4 seconds.
You can find out more information about the Ripple platform and XRP payments on the company’s official website. If you have any questions or issues, you can contact customer support via mobile or a 24/7 toll-free service phone line. Additionally, remember that most cryptocurrencies are community-driven projects. If you need real in-depth information about the platform, look up forums and online communities. They can be an invaluable resource.
If you’ve read the information about Ripple we discussed above, you probably have an idea of the platform’s advantages and disadvantages.
To summarize, Ripple is especially noted for its lightning-fast transactions and negligible fees. Moreover, it’s a relatively stable currency that you can rely on. If your goal is to use XRP to play casino games, you don’t have to worry about volatile crypto markets eroding your money’s value. It was designed with large financial institutions in mind, and such institutions value stability and reliability.
On the flip side, some players may value the anonymity associated with most cryptocurrencies, which isn’t applicable here. That said, XRP can still be used to side-step casino country restrictions or gambling regulations. Crypto gambling is in a sort of “grey area” in those terms.
With a career that spans over a decade now, Luka is a highly experienced writer who’s been producing content in different industries. From video games, technology, web development, and iGaming, there is hardly a niche Luka has not tapped into. He’s got a keen eye for emerging trends which comes particularly handy when preparing the content for Casino Bloke website.
