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- What Is Ripple Casino & How It Works?
- Brief History Of Ripple Crypto
- Payments At Ripple Casino
- Ups & Downs Of Ripple Casino
- How To Pick Best Ripple Online Casino?
- Best Casinos that Accept Ripple
- Do Mobile Casinos Accept Ripple?
- Live Casinos that Accept Ripple Currency
- Casino Games To Play With Ripple
- Ripple Bonuses To Claim In Crypto Casinos
- The Legality of Ripple Gambling
- Is It Safe to Use Ripple in Casinos?
- Prospects Of XRP Casino
- Alternative Crypto Payment Methods
What Is Ripple Casino & How It Works?
Explaining in simple terms, Ripple or XRP casino is a gambling platform that accepts Ripple payment method for deposits and withdrawals.
The creators of this option decided to integrate into the existing financial system. At the same time, most of the cryptocurrencies are created as an alternative to fiat money. First of all, this concerns #1 electronic currency like Bitcoin.
Ripple performs several functions:
- money exchange platform;
- service of currency transfers;
- real-time gross settlement (RTGS) providing instant payments.
Most of the alternative cryptocurrencies including Bitcoin itself are powered by Blockchain technology, which is a distributed database. Protected with a cryptographic code that guarantees anonymity and security, is the essence of all virtual money. Ripple functions as a global free payments network with its internal XRP coin. The system is based on payment gateway technology.
Technically, Ripple is very different from cryptocurrencies like Bitcoin and Ethereum. There are some similarities, but only in general terms. First, it uses a distributed network (or ledger) technology. Secondly, the emission of tokens is limited. Thirdly, Ripple is also one of the most popular cryptocurrencies.
Brief History Of Ripple Crypto
It is worth starting from the moment the idea of this platform appeared. The Ripple idea is as old as Bitcoin. The platform was invented back in 2005. Its author is the Canadian programmer Ryan Fugger. The system he created was a classic peer-to-peer network, where participants could make an exchange under certain conditions.
At that time, the network was called Ripplepay. Jed McCaleb also liked the idea of such a payment method. This person is a multimillionaire who managed to make money on cryptocurrencies. He started developing his platform back in 2011. In 2012, Jed McCaleb and Chris Larsen invited Ryan Fugger to create a cryptocurrency.
In the same 2012, the development of the Ripple Transaction Protocol started. It was intended to carry out a quick exchange of any assets between network participants. Without intermediaries, at a minimum cost of funds and system resources. Then the classic concept of the Ripple platform was developed.
In 2013, the company was renamed Ripple Labs Inc. She had large investors, and over time, their number only increased. Many financial institutions are interested in an option that allows transactions to be carried out quickly and at a minimal cost.
Payments At Ripple Casino
One of the biggest misconceptions about cryptocurrencies is related to the process of their use in general. Many people mistakenly believe that the process of depositing or withdrawing from an account will be much more complicated than a regular transaction.
How To Deposit With Ripple?
Paying with Ripple or another cryptocurrency will be pretty much the same. You will be asked to provide some information to prove that you are the owner of this currency. After that, the casino site will allow you to deposit and claim your casino bonus. You just need to select Ripple among other options.
Terms and conditions are something that always depends on the particular casino. Thus, of course, slight differences are possible in different casinos, but any self-respecting online casino will do everything possible to make the use of cryptocurrencies as simple and affordable as any other option to pay and receive a deposit bonus.
In many cases, the conditions for traditional currencies are often more stringent, as there are stricter restrictions on where they can be used. Ripple, like Bitcoin, also provides anonymity as one of its most important features. Thus, you can rely on the wallet data and not go through the rather difficult verification process.
There are also some exceptions. Several casinos may request additional documents from players, but usually only if the casino has good reason to be suspicious. But this happens much less often than with traditional types of payments.
How To Withdraw In Ripple Online Casino?
Withdrawals from casinos that accept XRP gambling usually follow the same principle as a traditional payment method. There are definitely additional things you need to do. And of course, all casinos are different and there may be slight different in how this is done.
Types Of Ripple Wallets
No matter how good Ripple’s technology is and no matter how high its ambitions, you still need to keep your money somewhere. And for this, we need a wallet to store our crypto funds. There are a lot of services for creating and storing wallets, but we will consider the main ones here.
Ledger Nano S
This is just an example of the many available hardware wallets. These are USB devices that allow you to store all your virtual coins offline. They also generate private keys as well as digital signatures offline, inside the device, further preventing hacking. Besides, many services offer the ability to recover if something goes wrong.
This is the best desktop wallet for storing digital Ripple coins (XRP). It is an open-source application for the following operating systems: iOS, Windows, Android, Linux, and Mac. The important point is that its user interface is very easy to use. This allows the Toast Wallet to gain popularity among newbies looking to save in XRP.
In third place, we have a mobile application for trading cryptocurrencies, which also offers a service for storing digital money. This one-stop solution allows users to both trade digital currency and store their XRP coins. This is its main advantage among competitors.
The largest, or at least the most obvious Atomic Wallet service, is the multi-currency wallet. It allows you to keep hundreds of different cryptocurrencies in a single place. Besides, Atomic Wallet also acts as an exchange and is known for being very easy to use with extremely high-security standards.
The service puts the same amount of effort into the security (protection from annoying scams) and simplicity of using the service. We would say this is a perfect balance.
A paper wallet is a piece of paper that has both the public and private keys of the wallet printed on it. These methods are considered extremely safe and are a rather ingenious way to circumvent many of the security issues that people with online transactions can experience. There is only one problem, not to lose a piece of paper with access keys.
Important points to consider when choosing an XRP (Ripple) wallet:
- The wallet must be fully compatible with XRP coins. Before downloading any application for storing cryptocurrency, it is necessary to conduct complete research of it in order to be sure of the reliability of the safety of funds in the form of XRP coins.
- The wallet must provide a high level of protection and security. The service must guarantee sufficient protection of assets from hacker attacks. Important: the customer gets the best solution when the wallet allows full control over private keys.
- The user interface should be simple and easy to use.
- The wallet should be able to make transactions as cheap as possible. It’s worth noting that most Ripple wallets charge a fee per transaction.
That is why we recommend checking the next paragraph.
Due to its low fees, Ripple can be used as a universal method of converting different currencies. This helps to reduce the cost of exchange, as it minimizes the fee that banks take when dollars are used as a currency.
Ups & Downs Of Ripple Casino
At the moment, the only way to invest in Ripple is to buy tokens at a lower price, sell when the price rises. But this option is also very interesting for many investors. True, first you need to figure out what advantages and disadvantages this cryptocurrency has for players to reveal.
What About Pluses:
- Transaction speed. Transactions are done almost instantly. Moreover, the speed is much more higher than in most other blockchain options. Moreover, the fee is purely symbolic.
- Reliability. This cryptocurrency is supported by banks around the world. The likes of Santander, Union Credit and UBS support Ripple. Having this kind of trust from leading banks gives Ripple a level of legitimacy with which it can be argued that any other cryptocurrency option is difficult to compete with.
- High Demand. Ripple is an interesting alternative to classic money transfers. It saves time and money for both financial institutions and their customers. This increases the popularity of the system, and leads to an increase in the value of XRP coins.
- Almost free transactions. Ripple transactions are not 100% free, but they are almost free. As a Ripple user, you will only pay fractions of a penny to receive or send your funds. Moreover, larger transactions cost a few drops. In Ripple, the drops are similar to Satoshi like in Bitcoin. If you compare the fees with those of e-wallets, banks, and other financial institutions, you conclude that rates with XRP are cheaper and can lead to significant cost savings in the long and short terms.
- Flexibility. This feature is one of the main ingredients of finance, even in the digital world. XRP-Ripple is not only a cryptocurrency, but also an exchange. This means that players can quickly exchange one currency for another using XRP.
- Unique Bonuses when playing casino. Many online casinos encourage their customers to use Ripple as their primary mode of payment. To accomplish this, they offer enticing bonuses and promotions in order to attract as many players as possible. When you make a deposit with XRP-Ripple, you will be rewarded with unique benefits such as a welcome bonus, continuing promotions, and VIP awards.
But the Ripple cryptocurrency also has some disadvantages. It is worth taking stock and listing them all. Here they are:
- Ripple is able to influence the course of its cryptocurrency. It currently controls over half of the existing XRP coins. And it is not difficult for her to release them to the market at any time. Consequently, the company can either raise or lower the price of its coins.
- Ripple’s management can freeze users’ accounts and reverse transactions. For example, the situation with the former CEO, Jed McCaleb. His former colleagues blocked his account so that he could not sell his share of tokens.
How To Pick Best Ripple Online Casino?
When choosing a casino, we pay attention to the following factors:
- Payment Methods & Payout speed. Fast payouts are very important for players and are an indicator of a reliable Ripple casino. That is why this is one of the main criteria that affect the value of our rating.
- Bonuses & Promotions. Bonuses are the key factors when evaluating a gaming club, because they not only provide additional money for the game, but also increase the player’s chances of winning.
- The Number Of Games. The more games there are on the site, the more interesting it will be for casino customers. they will be able to choose from a wide variety of slots and constantly discover new games.
- Software Providers. The number of providers also affects the rating of the casino, since different players are used to playing slots from different developers and it will be a big plus for casinos if all the most popular software providers are present on their website.
- Live Dealer Games. Live blackjack and roulette gain more interest from customers of gambling sites every year, so we also take this factor into account when assigning a rating.
- The Quality Of The Support Service. A polite and competent support is the key to the successful operation of any casino. We will never give a high assessment to a club in which they allow themselves to be rude or disrespectful towards the player, and also cannot answer all his questions regarding the game.
If a casino does not have a license, then it will never make it to our list of honest online casinos, even if it has a lot of positive reviews.
Best Casinos that Accept Ripple
Ripple gambling is not as widespread as bitcoin in use for casinos. However, some gambling sites provide their customers with entertainment that allows cryptocurrency betting. In this paragraph, we want to talk about the #1 Ripple casino for UK players.
This is the first licensed casino accepting XRP, BTC, ETH, and other cryptocurrencies. It was established in 2014 and is currently regulated by the government of Curacao. You can play the most popular video slots, baccarat, blackjack, roulette, table games, and live dealer entertainment. All this stuff becomes available after you register. Here players can opt-in tournaments and regular promos for having fun on the site.
Do Mobile Casinos Accept Ripple?
If you are an active mobile user, it is possible to start playing Ripple casino games on your smartphone or tablet. Here is our guide on how to perform this:
- Find an appropriate casino with an active license;
- Check the availability of mobile version and whether an operator accepts Ripple;
- Test some games for free before playing for real money;
- Then you can try to deposit with Ripple if you have an eWallet or first top up your wallet.
Some gambling sites require you to download their mobile app but you can use a mobile version via your smartphone or tablet.
Live Casinos that Accept Ripple Currency
By the way, every player can deposit with Ripple when playing live dealer games. The atmosphere of brick and mortar casinos will overwhelm you and entertainment including live roulette, blackjack, baccarat, will show how it is great to interact with a croupier or maybe other players near you. If you are sure this kind of entertainment is for you, just pick a casino game, test it in a free mode, top up your Ripple wallet and start enjoying your casino game.
How to Win Real Money In Ripple Casinos Online?
XRP gambling allows people who use cryptocurrency to have some fun and even get some funds. However, everyone has to understand that playing casino games is not a way to earn a living. All results in casinos are random, that is why it is not possible to predict the outcome of a slot or table game. Moreover, no strategies exist to help players win, especially in video slots.
Anyway, customers of top Ripple casinos can receive bonuses or cashback from the operators but this is not a method to become richer or something like that. Anyway, you must remain a responsible gambler. Some people who have problems with casino gameplay are recommended to limit themselves from any activity on the sites and sometimes such customers can lose all their winnings.
Casino Games To Play With Ripple
In casino games, privacy is preserved as one of the basic principles of cryptocurrency. The accounts are not tied to banks, so it is impossible to arrest them and the clients feel more confident. Each player has his own account, which they can quickly track, if necessary, sites provide data on the operations performed.
Using XRP currency on any casino, you can play slots, video poker, roulette, dice, and other games on Ripple (XRP) thanks to modern crypto casinos. Here we are going to reveal some of the most popular casino games with ripple coins:
- Slots — these are the most popular games and are especially popular with players who prefer using cryptocurrency. The principle of the game practically does not differ from standard browser versions, payment is made in crypto. Among the assortment, there are common slots created on the basis of real ones, as well as original models created to attract sophisticated players. These games are more designed for having some fun and getting luck.
- Blackjack — the second place among cryptocurrency games in casinos is given to the game Blackjack. The operators offer several options for playing, you can play with other users or with the casino itself, the principle of the game remains unchanged. The outcome of the game depends more on the player’s experience, the payment of the winnings occurs immediately in the ripples, which is certainly a plus;
- Roulette — One of the simplest games based on the statistical probability of winning is popular with those who are not going to study the rules for a long time. Bitcoin casinos offer several types of roulette, each of which has its own characteristics.
- Live casino games — a gambler can play baccarat, roulette or blackjack with a real dealer. By playing online for free and without registration, the casino is made more interesting and attractive. Everything takes place online, but it gives the impression of a real game in an offline casino.
Crypto games are mainly of interest to those who are looking for ways to get cryptocurrency without investment, as well as those who are not sophisticated gamers. To be honest, games of this kind are not able to offer users something fundamentally new that could interest the gaming audience.
Ripple Bonuses To Claim In Crypto Casinos
To begin with, we note that in bitcoin casinos that work only with bitcoin or other cryptocurrencies, all possible bonus options are available: a percentage bonus on the first deposit, reload bonuses, free spins, cashback, tournaments, and even VIP programs.
- Welcome Bonus for registration at a casino. As a rule, a player receives a certain number of free spins, in a certain or different video slots, or a fixed amount of money in the form of Bitcoins;
- Promotional bonuses for newbies and regular gamblers. They are tied, as a rule, to the emergence of new games;
- VIP bonuses for regular customers. Often players get birthday presents or other individual gifts for being a permanent customer of gambling operator.
The Legality of Ripple Gambling
The question of legality depends on every single jurisdiction. In some countries, cryptocurrency is prohibited and is not considered a payment method, other countries allow people to use Ripple or Bitcoin for transactions. When we are talking about Ripple, this is a legal method of payments for gambling online. In Great Britain, people are allowed to buy XRP and use it for casino games.
Is It Safe to Use Ripple in Casinos?
Obviously, when people face something new and unclear to them, they can be confused. Cryptocurrency is usually a thing that provokes many questions. We want to say that when you deal with Ripple or any other cryptocurrency.
The first point that makes cryptocurrency difficult to use is a lack of a single exchange rate. For example, Bitcoin volatility can change several times a day and this may affect players’ budgets a lot. However, Ripple excludes such unfortunate situations because this crypto does not have any volatility and provides instant payment service to customers.
Prospects Of XRP Casino
The greatest perspective of Ripple is an integration of the platform with banking services. More and more major players in the global financial market have begun to cooperate with the company in recent years. The first major partnership agreement with Earthport was in 2014. And already in 2017, Ripple has become the second most popular cryptocurrency.
Today, Ripple has integrated into the payment options of many online casinos for the UK players. If you want to invest in XRP profitably, we advise you to try only the trusted casinos. On this page, we have collected the best choices for you.
Alternative Crypto Payment Methods
Cryptocurrency is a virtual or digital currency protected by cryptography, making it nearly impossible to counterfeit or double-spend. They use decentralized technology to make secure payments and store your money without having to use your name or logo through a bank. They operate on a blockchain, a distributed public ledger that stores all transactions conducted by the holder of the currency and is constantly updated. Let’s find out the other crypto methods for online gambling besides Ripple.
It is the most popular among all cryptocurrencies and the most used. Using Bitcoin for playing online casino games has many advantages over other cryptocurrencies, including:
- fast deposits & withdrawals
- easy-to-use service
- no need for transaction processing fees
- a payout takes only several minutes, as opposed to several days, as with the fixed money system.
You may not always be able to use bitcoin for gambling as it depends on whether it is legal in your country of origin or residence.
The Ethereum platform generates it, and it is blockchain-based and open-source, but also uses smart contracts. Blockchain technology excludes participants from third parties, thereby ensuring the transaction process in Ethereum gambling. This is very beneficial for players who can make payments on a regular basis and then receive them.
Litecoin is a p2p online currency that is forked from BTC, i.e. When Litecoins were invented, Bitcoin developments were taken as a basis. Just like BTC, Litecoin uses the rules of the P2P network and does not accept the presence of an administrative center, which makes it impossible for third parties to regulate and manipulate the Litecoin rate. Litecoins can be generated by doing it alone. However, now, with a high interest in this cryptocurrency, there are more and more Litecoin miners.
This currency is based on a centralized autonomous system. It is a fork of the Bitcoin protocol. The most outstanding feature of Dash is its transaction speed, as it allows for fast transactions that are not easy to follow.
At the moment, many online casinos support Ripple. Before choosing a casino that accepts Ripple, make sure that they are not scams and that the casino is licensed. You can find reliable and proven casinos on the QYTO website.
XRP is the digital currency of the Ripple network that only exists in Ripple. 1 XRP is subdivided into a million units called drops.
Ripple is a bit difficult to use, especially if you’re a beginner. This is why many gambling regulators do not approve it for wagering. But the good thing is they do not prohibit it, which is why you will find top Ripple casinos there. Currently, the number of online casinos accepting Ripple as a payment method is increasing compared to other crypto casinos in the United Kingdom. And some aspects make them attractive to many players today.
Most, if not all, of Ripple’s casinos and platforms that support XRP are mobile-friendly. Therefore, they are comfortable and perfect for players who like to gamble on the go.
No, you cannot do this. While Ripple itself has very good relationships with other currencies, which is a big part of its success as an intermediary, online casinos tend to set withdrawal requirements in the same way that a deposit was made.
We do not recommend that you try to choose a reliable place to play online by yourself, because you will spend a lot of time on this and will not be able to fully analyze each gambling site. When compiling our top, we spent a lot of time, analyzing each casino in detail and selecting the best places to play, so you can safely choose any online casino from our list.
We are not aware of such options. When you top up your account with XRP, you will have access to the entire gaming range of a casino website. And the funds for spinning the reels or bets will always be pulled from the main account, and, if necessary, converted into the main game currency.
However, you may come across games that only use cryptocurrencies. This is due to the fact that the markets for traditional currencies and new digital currencies still operate separately.
The rules of different gambling sites can be radically different. Good casinos try to do everything possible to ensure the customer gets the highest quality experience including financial transactions with cryptocurrency.
Sometimes casinos set up additional precautions of use. For example, they may require two-factor authorization when registering on the site passing verification and other procedures.
Keep in mind that if you are required to confirm your documents, it means that you will lose your anonymity. Namely, this is the main advantage of using cryptocurrency.