Day by day, a new online casino starts to support cryptocurrencies for deposits and withdrawals. The blockchain technology offers a lot of advantages both to players and casinos, and it seems, the popularity of cryptocurrencies will keep rising. In this article, you can find everything you wonder about gambling with Ripple.
What Is Ripple?
Ripple is a cryptocurrency that uses the sign XRP. However, being a currency is not the only feature of Ripple. It is also a payment network, which supports multiple payment providers. Unlike Bitcoin, the payment network can still continue to operate even without the XRP. There are 100 billion XRP in existence, and it is the primary currency of the Ripple platform. Another difference is that you cannot mine XRP: New coins are only generated during a transaction. In this regard, Ripple is a centralized payment platform with its own crypto-currency and provides support for other currencies too.
How to Use Ripple to Deposit?
To use the Ripple network for deposits and withdrawals, you first need a “blockchain address”. This is an address that consists of 34 characters. Start by joining an exchange site and buy Ripple with Fiat currency (USD, EUR, etc.). Second, create a new online Ripple wallet from a service such as GateHub. Once you create the wallet, you will obtain your Ripple address.
Transfer the XRP you bought from the exchange to your wallet. If the wallet supports a mobile app, you can make all further transactions via the app. To make a deposit, you must know the address of the receiver. In other words, you must know the address of the online casino. The casinos provide this information in their payment pages.
After finding the address of the casino, switch to your wallet and start a transaction. You will send XRP to the address of the casino, it very much looks like a PayPal transaction. The transfer will be completed in 3 – 5 minutes. Now, you can start using your casino XRP balance to play games. Note that you won’t be actually using XRP: Your deposit will be held as XRP, but your bets will be made in coins – the casino’s own currency. This is because the network is not fast enough to complete XRP transactions for regular bets and you do not want to wait for 3 – 5 minutes for every bet you placed. Therefore, you will play with coins, but your balance will still be in XRP. Likewise, your winnings will be converted to XRP too.
Ripple Accepted Casinos
Take a look at the list below to see online casinos that accept Ripple as a payment method. Note that these casinos also provide support for many other cryptocurrencies too, such as Bitcoin and Ethereum.
- Bob Casino
- Fortune Jack
- Bit Starz
- Play Amo
Ripple to Withdrawal
The withdrawal process is similar to making a deposit. This time, you will provide your Ripple address to the casino. Start by making a standard withdrawal and choose “Ripple” among the listed methods. The casino will ask for your blockchain address. Enter the info, determine the amount you want to withdraw and complete the transaction.
You can withdraw only to your Ripple wallet. Once the payment arrives at your wallet, you must use exchange sites to convert them to Fiat currencies. If you make a deposit with Ripple, you cannot withdraw in USD or EUR.
Advantages of Using Ripple
- Supported by multiple payment providers
- Easy to use for beginners
- Very low transaction fees
- Faster transaction times than other cryptocurrencies
- Uses a centralized blockchain, which means more secure.
Casinos use multiple exchange rate sources. You should do the same. We recommend checking Coinmarketcap, as it is the largest source available at the moment.
Bonuses Offered by Ripple Casinos
Take a look at the table below to see the bonuses offered by Ripple casinos:
||100% cash bonus upon registration, up to 100 USD/EUR
||25 free spins no deposit bonus
||20 free spins no deposit bonus
||100% match bonus, up to 1 BTC
||110% first deposit bonus, up to 250 mBTC
||100% match bonus, up to 1 BTC
||110% bonus, up to 1 BTC + 10 free spins
||No bonus promotion
||100% match bonus, up to 1.000.000 mBTC
Casino Games Offered with Ripple
There are no exclusive games that can be played only with Ripple. As long as the casino supports this currency, you can play all of the games in a casino by using XRP. This includes video slot machines, card games (blackjack, poker, baccarat) and table games (roulette, keno).
FAQ About Ripple Casinos
Is Ripple anonymous?
No, Ripple is a centralized payment network which supports banks and payment providers. It does not offer anonymity like many other cryptocurrencies. Therefore, you may be asked to validate your ID and/or provide personal information during the signup process.
Are Ripple deposits/withdrawals free?
No. You pay a different amount of XRP for each and every transaction. The amount differs according to the amount you want to transfer. However, it is lower than, for example, Bitcoin. Moreover, it is definitely less than regular payment methods, such as bank transfers.
Is Ripple secure?
Yes. You do not need to provide any personal or financial information to the online casino. All you need is Ripple addresses. This is a more secure way when compared to providing credit card numbers, bank account, etc.
Is Ripple fast?
It is faster than many other cryptocurrencies out there. In average, Ripple transactions complete in 5 minutes. To give you an idea of how fast it is, Bitcoin transactions sometimes takes hours.
What do I need to start using Ripple?
You first need a wallet, mobile or desktop. Through the wallet, you will get a Ripple address. You can use this address for deposits and withdrawals. We recommend getting a mobile wallet for practical use.