The Top Ripple (XRP) Casinos
The Ripple protocol has been in existence since 2012, and the headquarters of the operating Ripple Labs Inc. is Silicon Valley in the USA. However, for several months now, the CEO, Brad Garlinghouse, has been looking for a new headquarters. Currently, the UK is mentioned as the preferred location, but alternatives are also being considered, according to the leader.
To clarify, the protocol Ripple hides the cryptocurrency XRP. Ripple itself is widely referred to as a cryptocurrency, but this is not correct.
XRP, on the other hand, is a coin that is not based on a blockchain, unlike BTC and Ethereum, for example. Currently, the currency is on a run and is keeping up with the big competition simply because of its scaling.
Not only among casino players are cryptocurrencies like the XRP extremely popular – especially since Canada has passed transitional regulations that make it more difficult to pay with real money currencies. Bill Gates as well as Ben Bernanke, the former US banknote chief, are also betting on the coin.
Play with Ripple at /Bit Casino
Often, the XRP is referred to as a “bank coin” because Ripple builds a network of different banks. This has the advantage that payments that are made internationally can no longer disappear. The correspondent banking system could therefore, if Ripple achieves its goals in the next few years, become much safer and faster. Already, major credit institutions such as Santander Consumer Bank have joined the Ripple network.
In fact, the coin has not yet been able to establish itself too strongly in the gambling industry – unlike the two pioneers Bitcoin 🪙 and Ethereum. However, the chances of a higher acceptance are good, especially in Canada, where casino operators are desperately looking for alternatives to classic real money payments, which are increasingly restricted by the legislator.
To date, we are only aware of a few providers that accept a deposit with Ripple (XRP) – namely the following.
How Ripple works in the online casino
A deposit into the crypto casino is possible with Ripple only with appropriate wallets. Users can acquire XRP, for example, via Bitpanda, Coinbase and alternative exchanges. Provided that the corresponding credit is available and the selected casino accepts Ripple, nothing stands in the way of transactions. However, the way of booking differs a bit from what you are used to with Bitcoin, Ethereum & Co.
The most important steps at a glance:
- Set up account and click on “deposit”.
- Select Ripple
- If necessary, XRP must first be added as a method
- Open destination tag and enter link into wallet
- Enter your individual Ripple Coin address
- Select amount and confirm transaction
- Credit is available in real time
In fact, the XRP Coin is among the fastest and at the same time among those that are the easiest to scale. However, as described in the instructions, there are some specifics that need to be taken into account here. The individual Ripple Coin address is generated anew each time by the preferred casino. The destination tag can basically be compared to a unique payment ID. Through this, the transaction is additionally secured.
Important note: If the destination tag ID is not entered, the Ripple can be lost. Customers should therefore pay all the more attention to the correct entry in the crypto casino.
Another special feature is that XRP payments 💶 , regardless of the amount, only work if there are at least 20 Ripple on the selected wallet. This limit serves to prevent spam transactions and ultimately serves as another security measure.
Advantages & Disadvantages of Ripple Casinos
What advantages does Ripple offer as a payment method in the casino?
The developers of the Ripple protocol have set themselves the goal of making international payments faster and more secure. Transactions, as already noted, are made through a network of international banks. This completely eliminates the so-called correspondent banks as well as long transaction routes that are common in this way. The booking is possible in real time at acceptance points such as the available Ripple online casinos.
As a customer of a crypto wallet such as Coinbase, you now have the free choice between different currencies. Ripple meets with a high level of acceptance, especially among exchanges, and can be purchased at a comparatively low price.
The most important advantages of Ripple at a glance:
- Best possible scaling
- International payment transactions in real time
- Secure thanks to Destination Tag
- Close cooperation with renowned banks
- Low costs per XRP (as of 24.03.2021. 0,47€)
The high availability of the XRP Coin is another advantage when it comes to thinking long-term. Unlike Bitcoin or even Ethereum, for example, Ripple is not subject to a classic mining process. It was the inventor himself who put a whole 100 billion 💰 XRP into circulation in the past few years. Participants of the network can access 55 billion XRP for the time being without having to mine them. This also clearly sets Ripple apart from well-known cryptocurrencies.
Unfortunately, the Ripple site is currently not available in Canada. Nevertheless, players from Canada can use this cryptocurrency as a payment method in online casinos.
What are the disadvantages of Ripple casinos?
The purchase of XRP is first of all much cheaper than would buy a BTC. As said before, the value is currently under 50 cents, which makes it absolutely affordable even for small investors. For the time being, it cannot be assumed that Ripple will reach a similarly high price as Bitcoins in the next few months.
One disadvantage here is that casino customers, in order to reach the required minimum deposit amount (often 10 to 20 US dollars), have to purchase significantly more XRP than BTC or ETH.
Another aspect that applies to both XRP and alternative cryptocurrencies is the fees. These vary depending on the crypto casino and are incurred both when depositing and withdrawing winnings 🏆.
Last but not least, it should be noted that, at least here in Canada, there are very few companies in the gaming industry that accept Ripple at all. The response is significantly lower than for other coins. However, this could change in the next few years, so it is certainly good to keep a few XRP on your preferred wallet.
The disadvantages at a glance:
- Exchange fees apply
- Very few XRP casinos available to date
- Lots of Ripple required to reach minimum amount
- Centralized currency, heavily tied to Ripple
Regardless of the low availability of Ripple casinos, the XRP is often criticized. The reason for this is the fact that the currency is centralized and tied to the corporation. To date, the company Ripple itself holds back the largest share of the created 100 billion XRP, namely about 80 billion.
The fact that the developer itself has raked in a whole 20% of the XRP for itself does not have a negative effect on casinos, but it is still another aspect that experts view critically. Overall, it remains to be seen how the availability will develop in the coming years.
Tips & tricks for payment with Ripple (XRP)
The cooperation with Santander offers some advantages.
Basically, the XRP cannot be purchased in the chosen casino itself, so the registration of a crypto wallet is essential. Coinbase and Bitpanda are particularly recommended. With Binance, on the other hand, casino customers should inform themselves more precisely, because not all providers accept the transaction with this wallet.
It is also advisable to know the possible exchange fees. Questions can, of course, be directed to the support of the preferred casino at any time, should something actually be unclear here.
According to experience, the trained staff provides quick and easily comprehensible answers to all cryptocurrencies and special features.
Since the potential of XRP is relatively high, it is already worthwhile to “buy in” generously. A potential increase in value is, of course, advantageous, because this way investors benefit in the long run – and not only those who want to play with Ripple in online casinos.
At times, the Ripple protocol, behind which the cryptocurrency XRP stands, is still comparatively unknown in the gambling industry. However, since the transitional regulations for licenses planned in Canada have come into force, crypto coins in particular offer a good alternative to classic real money payment methods. Therefore, it is all the more important to know the basics of Ripple in detail.
Is there a fee for making a Ripple deposit?
Unfortunately, costs can not be completely avoided when depositing in the crypto casino to date. Players should therefore plan for small additional costs even if the transaction is made via XRP. Overall, the fees are manageable, especially since they are displayed transparently as soon as the destination tag is entered and the wallet address is entered.
All in all, Ripple is still one of the most favorable solutions for those who prefer to play in crypto casinos. However, fees still need to be taken into consideration because if the wallet does not have enough funds, a transaction would not be able to be carried out without it.
Is there an XRP bonus in the casino?
The crypto casinos known to us do not award a welcome bonus to new customers to date. At least, this applies to providers that accept deposits exclusively with coins like Ripple. However, if a bonus is available, it is also granted for transactions with XRP – as in the case of rakebacks, for example.
Players are thus free to decide with which method or currency the deposit is made. There is no general bonus exclusion for payments with Ripple XRP coins.
Bitcasino.io does not offer a big welcome bonus like some other online casinos. But this crypto casino offers 🎁 lucrative promos and bonuses. So that you can clear almost consistently really fat.
Is buying Ripple for casino games worth it?
Currently, it seems as if the XRP makes little sense as an alternative to Bitcoin & Co. due to the low acceptance in crypto casinos, but that may well change sooner or later. The first companies in the industry have already started to offer Ripple as a means of payment.
Provided that the laws in Canada turn out to be as the transitional regulation stipulates, coins like this will become more and more important. Another advantage is that one XRP costs a few cents and is thus significantly cheaper than ETH and other currencies.
Is paying with XRP safe?
That in any case. For one thing, an individual wallet address for the deposit is generated for each booking. For another, the transaction does not work without an additional Destination Tag – a special ID that is supposed to further secure transactions with Ripple.
But: If you forget to enter the destination tag, you have to reckon with it, because in the worst case Ripple will be lost. So the inventors of the cryptocurrency rely on the sense of responsibility and conscientiousness of those who use the coin for payments – of whatever kind.
Can I cash out with Ripple?
If the currency was selected during the deposit process, players in Krypto Casino have no other choice but to request winnings via Ripple. There are no alternatives, which is not a disadvantage in the end.
Providers sometimes automatically convert the XRP into euros or dollars – depending on availability – so that at least in many cases it is possible to play with real money without any problems. The payout then leads again via a conversion according to daily rates.
What Ripple alternatives are there in online casinos?
Ripple or XRP is not that widespread – at least not yet. It is therefore all the more important to deal with the alternatives offered at an early stage. Some are clearly better known than others. Large crypto casinos today accept the following coins, among others:
- Bitcoin Cash
The former options are now available in some casinos, but options like DOGE and Tron are also apparently gaining more and more importance for the industry. Just the fact that there are more and more safe and good alternatives to BTC is definitely an advantage for everyone who prefers to play in crypto casinos.
Conclusion about Ripple Casinos in Canada
Technologically, the XRP is certainly one of the most advanced cryptocurrencies on the market – and even more so one that is close on the heels of alternatives like Ethereum or even Bitcoin. So it remains to be seen until renowned online casinos see this coin as an opportunity for themselves as well as for their customers.
Recommendation: The purchase of XRP is currently still absolutely affordable. Thus, it makes sense to think about it promptly. BTC has already proven that investors do themselves a big favor by letting time play out for them.
As a payment method in online or crypto casinos, Ripple is absolutely reliable, which is especially due to the additional destination tag protection. Unfortunately, there are only a few ways to deposit one’s coins in casinos at all to date.
Unavoidable are the fees for transactions, which, however, are a bit lower for XRP than for other coins. This is certainly another point that clearly speaks in favor of specifically choosing acceptance points like stake.com or also bitcasino.io. In any case, it is worth studying the currency more closely and looking into the possibilities that Ripple could offer in the future.