With more online gaming operators emerging online, we are seeing a rise in crypto-friendly casinos. The crypto payment method is beneficial to both players and the operator, offering quicker, safer, and faster transactions. One of the most popular digital currencies by market cap is Ripple, which is widely available on many top crypto casino sites.
Ripple was created to provide a more scalable alternative to everyday fiat payments. The cryptocurrency is backed by major companies around the world and is a fully functional coin for casino payment processing.
Keep on reading to find out more about this digital currency.
Ripple is a San Francisco based crypto company that acts as an open-source protocol to aid payment processing. The Ripple currency shares many similarities to the Bitcoin blockchain. The Ripple currency is maintained by the global Ripple XRP Community. Moreover, the digital currency processes transactions roughly every 3-5 seconds and these are validated by independent validator nodes.
Ripple is currently going through a bit of controversy with the SEC. The ongoing court case hasn’t negatively impacted the Ripple price and it is still widely used around the world. If you are based in Europe, you can find Ripple on most crypto exchanges, including Binance.
Ripple is one of the most efficient crypto payment options, delivering unrivalled speed and security. Here are some of the benefits as a casino payment method:
Ultra-Secure: The digital currency is based on a blockchain ledger, which is super robust and can’t be hacked.
Fast payments: All casino deposits and withdrawal payments are carried out in just a few seconds, so you won’t have to wait long for your winnings.
Access: You can purchase and own Ripple from most countries and transactions can be sent globally.
Anonymity: Ripple, like many other digital currencies, does not require users to verify their identity, offering a higher degree of anonymity than fiat payments.
Mobile service: You can send and receive Ripple funds through mobile via one of the cryptocurrency exchange mobile apps.
Low fees: Ripple is one of the cheapest and most efficient payment options, with incredibly low processing fees.
Ripple (XRP) is the native digital currency on the RippleNet blockchain network, you can get up and running with Ripple payments with ease.
You can follow the simple step-by-step guide below to get started with Ripple:
1. Sign up for a crypto exchange (like Binance, Coinbase, Crypto.com)
2. Fill out your personal information, including address
3. Verify your account by phone, email, and government-issued ID
4. Fund your account using your debit or credit card
5. Exchange your fiat funds for Ripple
6. That’s it. You’re all set to make Ripple transactions
Ripple deposits and withdrawals offer reliable, versatile, and speedy transactions. The cryptocurrency was designed in a different way to Bitcoin, XRP has already mined all its coins, with 100 billion in circulation. The payment uses a trusted node list that determines if a transaction is valid before completing the transaction in just a few seconds.
Using Ripple to fund your casino fun means you don’t have to wait around for payment teams to manually process transactions, so your winnings are with you instantly.
You can also find casino sites that offer Ripple bonus offers too, so you can boost your bankroll and enjoy more play when you make Ripple deposits.
Although Ripple bonuses are not as common as regular bonus offers or Bitcoin bonuses, you can still find them in some crypto casinos. Always be sure to read through the terms and conditions before committing to a bonus offer.
Making a Ripple deposit usually follows the below process:
• Make sure you have Ripple available in your Ripple exchange/wallet
• Log into your casino account and head to the ‘Cashier’ section
• Choose Ripple from the choice of available banking methods
• You will then need to copy the Ripple address or scan the QR code
• Then head over to your exchange wallet
• Hit ‘Send’ select Ripple and input the amount you wish to deposit
• Make sure to deposit the minimum amount as stated by the casino
• That’s it. Your funds will be credited to your casino account within a few minutes
Getting your funds out of your casino account and into your account is a very similar process.
• Log into your casino account and head to the ‘Cashier’ section
• Select the ‘Withdrawal’ option
• Choose Ripple from the choice of available withdrawal methods
• Head over to your exchange/wallet and hit ‘Receive’
• Select Ripple and copy your Ripple address
• Paste in the Dogecoin address to the Cashier and input the withdrawal amount
• Make sure to withdraw the minimum amount as stated by the casino
• Then hit ‘Withdraw’
• That’s it. Your funds will be credited to your Ripple account within a few minutes
One of the biggest benefits of using Ripple compared to other crypto payments or any payment for that matter is the low fees that Ripple boasts. The cost of a transaction using Ripple is a mere 0.00001 XRP. So, the fees are almost non-existent and certainly not noticeable.
You will never find yourself waiting long for your Ripple transactions to complete. The digital currency is moved across a blockchain ledger in around 3 seconds. You can forget about any bank clerks, payment teams or any third-party human interaction getting involved.
You will never have to worry about your Ripple funds getting locked or hacked. The digital currency sits on a centralised blockchain that is impenetrable.
You should always keep your crypto funds secure on a hardware wallet, or at least a wallet app. This provides better security than online crypto exchanges. If you forget your password and seed phrase, you will not be able to access your funds. What’s more, if someone has access to your seed phrase, they can gain access your funds, so be sure to keep it somewhere safe.
Crypto casinos are arriving on the scene in bunches, with many offering Ripple payments. These new crypto-friendly casinos offer plenty of conveniences compared to regular online casinos. The addition of crypto payments means no KYC procedures are necessary and all payments are more secure and faster. Moreover, many of these casino sites include slots and tables that use blockchain technology. This means the random number generator is set on the blockchain and therefore cannot be tampered with, making blockchain casino games provably fair.
You will find huge catalogues of casino games at Ripple casino sites. The games are developed by the most in-demand game studios, such as NetEnt, Microgaming and Yggdrasil Gaming. The casino sites are home to the best online slot games, virtual RNG tables, live dealer games and more. The selection of slots dominates the choice of games, with bonus buy, Megaways, cascading reels, jackpots, and plenty more to look forward to.
All this gaming goodness can be condensed down for mobile play and put at your fingertips. The mobile casino sites offer full gaming libraries thanks to mobile-friendly HTML5 technology. The seamless user experience means you can play games, claim promotions, and make Ripple payments with just a tap and a swipe.
You will only find licensed and regulated online casino operators on our site, so you can rest assured that you’ll be playing in a safe gaming environment.
If Ripple is not available to you and you want to make deposits and withdrawals using another cryptocurrency, you can check out some of the best alternatives below.
Bitcoin: Bitcoin is the original crypto and the most popular amongst casino players. Bitcoin offers rapid payments with top-notch security.
Tether: This digital currency is a ‘stable coin’ and will always be the same price as the US dollar, so there is no wild price volatility that you get with many regular crypto options.
Litecoin: Litecoin is an efficient and reliable cryptocurrency that makes every day online transactions a breeze. This digital currency is widely accepted and one of the most reputable.
Ripple has established itself as one of the most technologically advanced crypto payments, with many top institutions adopting the payment technology. Although there is an ongoing legal issue with the SEC in the United States, the cryptocurrency still has a huge user base around the world. The crypto option is widely available across crypto-friendly casinos.
Ripple intends to solve the long-winded payment process for banks and hopes that banks will utilise the technology in the future, providing a more transparent and secure way for banks to relay cash payments.
Finally, always double-check every crypto deposit and withdrawal you make. You must make sure that the transaction ID is correct, and you meet the minimum deposit and withdrawal amounts. If this is incorrect then your funds could be lost.
1. Why should I use Ripple?
Making online casino deposits and withdrawals using Ripple provides a high level of security and instant transaction speeds. Moreover, the Ripple price is not as volatile as other crypto payments like Bitcoin.
2. Do Ripple Casinos offer fast payouts?
Yes, the main attraction to making casino withdrawals through Ripple is that you will not have to wait more than a couple of hours for your well-earned winnings to arrive.
3. Can I get casino bonuses when paying via Ripple?
Ripple bonuses do exist, but they are not very common. These are usually offered by crypto-only casinos, always be sure to read the terms before claiming any offers.
4. Are my details safe with Ripple?
Ripple does not require you to share personal information when you make transactions. However, the digital currency is centralised and not as private as many other crypto options like Bitcoin.