Ripple originally launched in 2013 with the ticker XRP and a goal in mind to complement traditional payment and migrate transactions that occur between databases that are controlled by financial institutions to open infrastructure.
The XRP ledger essentially introduced a new way of operating a blockchain's transaction and records system. XRP is a cryptocurrency that runs on a digital payment platform known as RippleNet, which is on top of a distributed ledger database known as the XRP ledger.
Today, there are many casinos out there that support Ripple as a deposit option, so let's take a deep dive into the best ones out there with in-depth information that you won’t find in other Ripple casino reviews.
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What Is Ripple? How to Get Started with Ripple in an Online Casino?
In a similar way through which Bitcoin works, the XRP ledger allows users to send as well as receive cryptocurrency through the usage of public as well as private key cryptography, the transfers between these addresses require digital signatures which is quite similar.
The difference in Ripple however is the fact that it does not use mining or require any specialized computing power in order to secure the network entirely or validate the transactions at all. In fact, it enables servers to send transactions for consideration by its network.
The transactions that are validated by what are known as unique nodes, which are permissioned servers that maintain the unique code list, can create consensus within the network where the transactions are actually validated. This leads XRP with the power to quickly validate transactions, assuming at least 80% of all of the participants ensure that they are valid according to the software rules which are pre-set.
The interesting part of the XRP Ledger is in the fact that it maintains a limit on the total number of currencies that can be created, and this cap is at a total of 100 billion XRP, after which no new ones can be generated.
How to Choose the Right Ripple Casino UK?
Time needed: 20 minutes
Just follow these simple rules to start playing your favourite casino games at Ripple casinos.
- Choose the best casino
Thorough research is mandatory. We have collated a selection of top XRP casinos, take a look at our list and choose one that best suits your needs.
- Open an account
Simple visit the casino register an account. Even how easy (or difficult) it is to register will tell you a lot about the casino.
- Claim no deposit bonuses (if available)
No deposit bonuses aren’t available at every online casino. If it is available, you should take them.
- Transfer XRP to your casino account
You’re ready to make your deposit onto the online casino and get to playing. All you need to do is navigate to the cashier page and click on the Ripple option. There are specific instructions on how to make your deposit with XRP.
- Play and have fun
Start testing your luck and skills with your favourite casino games. Remember that you should always play for entertainment and have fun while playing games.
The Most Popular Ripple Wallets to Use for Gambling
When discussing Ripple wallets, these are wallets that do not transfer the cryptocurrency from the ledger to your wallet but only store the keys that are required to access your XRP on the blockchain. Think of them as your account and password on an email for example. There are two types of wallets that you can use here, one is a hot wallet, which is a wallet that has an internet connection, and the other is a cold wallet, which is one not connected to the internet.
At a cryptocurrency exchange, you will likely be using a hot wallet to do the transfer of the cryptocurrencies from the exchange to the casino and the other way around.
The best wallets out there, that offer the highest level of security will be the hardware wallets, however, when it comes to depositing, and then withdrawing funds from a crypto casino, you are better off with a hot wallet due to the near-instantaneous speeds when it comes to making a deposit and a withdrawal.
The downside to cold wallets is the fact that you will first need to transfer the cryptocurrency from the wallet to the exchange, and then transfer it to the casino for the safest way. This will incur additional fees that you would not otherwise have if you just transfer them from the hot wallet directly. The best Ripple wallets are the Ledger Nano X, Crypterium, Atomic Wallet, and Exarpy Wallet.
Pros and Cons of using Ripple
Ripple is an affordable currency to use for online gambling due to the fact that it is easy to get into. It's less than $1, and even if you have never used cryptocurrencies at an online casino before, it is the perfect way for you to get started. It has a high market cap and a lot of coins in circulation, which means that the supply is quite varied and you will never run out of coins to trade. It is also highly liked and supported by the community as well as the developers which makes it an excellent coin.
Pros:
- Affordable
- Supported
- Many Coins in Circulation
- High Market Cap
Cons:
- Not fully decentralized
Key Things to Consider When Choosing the Best Ripple Casino
Discussing playing with XRP at an online casino, there are a few things that you always need to keep in mind. The main reason why you would decide, as a casino player, to use cryptocurrencies instead of traditional currencies, is due to their anonymity.
Furthermore, many casinos will also tend to offer a lot better welcome bonuses as well as free spins, and at times cashback bonuses to cryptocurrency players specifically, which is another aspect of the appeal behind using cryptocurrencies instead of traditional currencies such as GBP, USD, EUR and so on.
Enjoy the Better Bonuses at Ripple Casinos
Speaking of better bonuses, when you visit a cryptocurrency casino for the very first time, you might be astonished at the type of bonuses you actually get as a cryptocurrency player, which is most of the time double than the traditional ones. Alongside this, you also gain access to specialized crypto-user VIP and loyalty programs that you otherwise would not be able to access, which give you specific perks such as reduced wagering requirements or a personal account manager.
Fast Deposit and Payout
As discussed previously, XRP is known for its fast transaction time, and as such, you won't really have to wait 24 hours for confirmation to occur before you can make the deposit or the withdrawal. This means that the transfer of cryptocurrency is almost instantaneous, so you won't have to worry or deal with any delays and can jump straight into the action of actually playing the casino games you want to enjoy from both your desktop as well as mobile devices.
FAQs
Most of the online casino Ripple options are “instant play” casinos which means that they run perfectly on mobile without the need for a separate application.
To find all of the licensing and regulatory information about a specific casino look for it at the footer of the page or on the “about us” page.
This will depend from casino to casino, but most of the time casino Ripple providers will offer free spins on specific slot games.
