Ripple Casinos

Looking to pay at an online casino site using a cryptocurrency? If so, Ripple (commonly abbreviated to XRP), could be a fantastic choice. Sure, it’s nowhere near as popular as Bitcoin, however this payment option has been around since 2012, and in that time, it’s amassed a loyal group of users. This is thanks to the safety on offer, as well as the incredibly smooth transactions and the fact that there are absolutely no fees to pay. Why not learn more about using XRP at online gambling sites by looking through the page below?

The History of Ripple

Ripple is a bit more than your run-of-the-mill cryptocurrency. It’s a complex network created by Ripple Labs Inc., supporting several functions. These functions include a currency exchange platform, a remittance network, and a real-time gross settlement system. Like most crypto, Ripple was made on an open-source protocol. It supports several types of tokens, including fiat currencies, cryptocurrencies, and other commodities with value attached to them. Ripple’s native cryptocurrency is called XRP. It was made to provide quick and secure transactions with minimal fees attached.

It might come as a surprise to some, but Ripple is older than Bitcoin! It launched in 2005 as a financial service and added crypto functionality down the line when its potential grew. Unlike many of its competitors, Ripple has had more than moderate success in the mainstream. Since the platform offers several functions, it’s seen plenty of interest from banks throughout the years. In 2018, over 100 banks signed up for Ripple’s services, but most avoided the cryptocurrency side of things and stuck to using the platform’s messaging tech.

Getting Started

While it has a few differences, using this currency is essentially the same as using most other cryptocurrencies. So, to start with, you’ll need to head to an exchange and purchase XRP, which can be done using a credit/debit card or many other ways. The currency just purchased can then be stored at the exchange, however this isn’t particularly secure. Instead, you should download a wallet or, even better, purchase a hardware wallet. Your XRP can then be stored there, in a far safer environment.

Once there is XRP in your wallet, you’ll need to hit the internet and find the best site accepting this payment method. This can easily be done by reading through the various reviews here on this website. It’s then a case of signing up with the chosen site - something that should only take a couple of minutes maximum.

Deposits

The first thing to do when making a deposit using this currency is head to the depositing page, before then selecting the correct option from the list. After you’ve selected Ripple, you’ll find that your casino account is assigned a unique 34-character wallet address. Select this and copy it into your computer’s clipboard, as it’s going to be needed soon.

The next stage is to head to your wallet and, providing there are funds in it, initiate the transaction. To do this, choose how much money to deposit and then enter the code that the gambling site quoted. Make sure the code is entered correctly - doing so incorrectly could lead to the XRP heading to the incorrect location, meaning that it will be lost forever. Once the transaction has been confirmed, head back to the casino. The money will then be in your gambling account within a matter of seconds. It can then be used to play casino games, including roulette and blackjack, straightaway.

Withdrawals

Withdrawals won’t always be offered, and in this case, an alternative way to get your hands on the money will need to be selected. If XRP can be used for withdrawals though, the first thing needed is your wallet address. It’s then a case of heading to the withdrawals section of the casino and selecting the correct option. Tap in the wallet address and how much money to withdraw, and then confirm the transaction.

Some withdrawals using this currency are instant, which is clearly a fantastic thing. It can sometimes take a couple of days for the casino to process the payout request though. Check the withdrawal times at an online gambling site before requesting the payout, just to be aware of how long the wait will be. Also, make sure that all wagering requirements have been met for any claimed bonuses, otherwise you might not receive all the money that has been requested.

What Are the Laws and Regulations for Ripple Gambling?

The burning question on everyone’s tongue is whether crypto gambling is a legal activity. Of course, the answer to this is much more complicated than it might seem. Crypto and crypto gambling regulations are vastly different depending on your location. World governments can’t seem to agree on crypto, and we can’t say that we blame them! The technology is still a novelty for some, and understanding its potential can take time and effort that some countries can’t spare right now.

When exploring crypto laws and regulations, the best thing you can do is look at them on a country-to-country basis. Some places see crypto as a massive plus and try to adapt it to their lifestyle, while others want nothing to do with it! South Korea and El Salvador are perfect examples of this. In South Korea, Crypto and Crypto gambling is illegal. While measures are against it aren’t strictly enforced, using it can spell trouble for crypto fans. El Salvador is the opposite. Crypto is beloved in the country, and the government even made Bitcoin Legal tender in the second half of 2021!

Not all world regions take things to these extremes. The US, for example, is a sort of middle ground when crypto gambling is in question. In general, the activity isn’t prohibited. Naturally, this doesn’t mean that crypto gambling can’t get players into trouble! Different US states have different regulations. While the variations between them might not be too drastic, they can be enough to confuse crypto gamblers. What’s allowed in one state, might not be in another, so make sure to check legislation thoroughly before you take on a crypto venture of your own.

A praised example of how Crypto gambling should be regulated comes from the UK. Given the country’s general gambling laws and licensing process, we’re not at all surprised it’s seeing positive attention! In the UK, it’s a bit harder for crypto-friendly operators to obtain a license. The process requires more effort on their side, which is understandable in hindsight. The reason why crypto-friendly venues go through more red tape is simple. Since crypto gambling is more prone to scams, bad practices, and illegal activities, the licensing process aims to increase player protection.

Can I Play All Casino Games with Ripple?

No industry is immune to doubts about crypto. Of course, this includes the online gambling industry. At the moment, the iGaming world is about evenly split on the crypto debate. While some developers are supportive of it, others avoid it. Because of this, access to casino games is limited for cryptocurrency users. Despite this, Ripple enthusiasts are privy to some high-quality games from top-tier casino software developers!

On the list of crypto-friendly iGaming studios, you’ll see familiar names like Endorphina, Yggdrasil, iSoftBet, Wazdan, Mr Slotty, Habanero, and more! When popular games are in question, you’ll find titles like Neptune’s Kingdom, Riot, Robin of Loxley, and many others!

Advantages

The biggest reason this cryptocurrency is so popular is the fact that it negates the need for currency conversion. You might not know this, but if you deposit in one currency, but the site uses a different currency, it takes a while for the exchanges to be carried out. Ripple removes the need for currency conversion though, which can only ever benefit the player.

Because the need for conversions has been negated, users will find that deposits made using this payment method are exceptionally fast. In fact, they’re faster than deposits from all other cryptocurrencies, including Bitcoin. After initiating the deposit, players only have to wait, on average, four seconds for the money to be in their casino account. Some other cryptocurrencies can take minutes, or even hours, for the transaction to be completed.

It’s also the case that this payment method is completely free. Even other cryptocurrencies can have very small charges, however there’s nothing to pay when using XRP. The merchant also doesn’t pay anything in order to accept this currency, meaning that they won’t try to pass these costs onto the player. If you do ever stumble across a site charging fees to deposit in this way, we’d recommend leaving immediately and signing up with a different gambling site instead.

Finally, and very importantly, this is one of the safest ways to pay at an online casino. This is because no personal details will ever need to be given to the gambling site in question, so they can never be appropriated by an unauthorised third party. Remember that banking details might have to be provided in order to withdraw though, depending on whether XRP can be used to receive payouts.

Disadvantages

There are two main disadvantages to this payment method, and the first is the fact that it isn’t too widely accepted. You will be able to use this site to find the available places to play, however the range of different gambling sites will be far lower than it would be if using a different payment option. Therefore, those who value variety above all else should probably deposit and withdraw at online casinos using Bitcoin instead.

The other problem is this: you absolutely must remember the sign-in details for your XRP wallet. Forgetting them isn’t like forgetting an email password, when a new one can be reset incredibly easily. Instead, forgetting a wallet password means that access will be lost to the wallet forever, and all money in it will therefore also be gone. This is why we’d recommend storing details somewhere at home (but not on a computer), just in case you do have a mental blip and forget something.