Are you planning to start playing different crypto casino games? Have you already decided which virtual currency you will use? If not, then let us tell you that you can play using Ripple (XRP), one of the oldest and most recognized virtual currencies in the world.
As Bitcoin and other cryptocurrencies are now being accepted at several online casinos, companies decided to offer even better services and added support to this virtual currency. Compared to other coins, XRP has many different advantages for gambling.
Thanks to a wide range of factors, including XRP’s community, its presence in the market, and its continuous involvement in different projects, Ripple became one of the best virtual currencies to use at cryptocurrency casinos.
Although not all online gambling sites have added Ripple support, they could do so in the near future. This is why we have decided to share the most important things about Ripple casinos and how to play with XRP at best gambling websites.
💡 How does Ripple work?
In order to understand why Ripple became one of the most suitable cryptocurrencies to play at online casinos, we need to know how Ripple works and why it is among the largest virtual currencies in the world.
Ripple is a company that is currently offering financial services to banks and other institutions. The goal is to make it possible for these firms to become more efficient at transferring money across borders. Nowadays, if we want to send funds from Canada to the United Kingdom, it could be done faster by plane than using a traditional bank transfer.
This is why Ripple created the XRP virtual currency, which is used to process fast and reliable transactions across borders. If you are a cryptocurrency user, then you should not be worried about how to use XRP to play at gambling sites. It is very easy and you will realize that it is more efficient than using other types of virtual currency such as Bitcoin or Ethereum.
XRP is an extremely fast virtual currency. Indeed, it can be used by players to send and receive funds literally in seconds and without fees. Although there is a small fee every single time that we process a transaction, this fee is well below $0.01. Thus, it is faster and cheaper than any other virtual currency among the top 10.
In order to offer these fast and cheap transfers, Ripple has implemented a different consensus algorithm compared to Proof-of-Stake (PoS) or Proof-of-Work (PoW) that are present in Cardano and Bitcoin, respectively. Transactions are approved by a relatively decentralized network of nodes that operate on the Ripple Network. If you care about decentralization, you could use Bitcoin, Ethereum, or Litecoin rather than XRP.
👉 How to buy Ripple?
We should also understand how to buy Ripple if we want to play with XRP on most casino sites. There are two main ways in which we could get access to XRP. The first way is by using a cryptocurrency exchange. The second way is through a cryptocurrency wallet.
If you decide to use a cryptocurrency exchange, you will be able to deposit funds and purchase XRP in seconds. This might be one of the easiest ways to purchase XRP. Nonetheless, if you want to play at online casinos, you will have to withdraw your Ripple coins from the platform.
What’s the negative thing about it? Well, you will have to pay a withdrawal fee. This is very common in most exchanges. If you are able, you should find a crypto exchange with low withdrawal fees that would let you send and receive XRP.
With a cryptocurrency wallet, you might also be able to purchase XRP with a debit or credit card. This is also a great option if you want to properly handle your Ripple funds. Additionally, you will not have to be worried about withdrawal fees as crypto wallets do not have fees for users to withdraw their funds, compared to exchanges.
The only negative thing about using a crypto wallet to purchase digital currencies is that you might eventually have to pay a higher price for your XRP coins. If you have a good wallet with not so large spreads, then it could be better than a cryptocurrency exchange. If a crypto exchange offers you better payment options, then you should buy Ripple to play casino games at an online trading platform.
🛡️ How to properly store Ripple?
As we already know, it is important to protect our virtual currencies. If we use a cryptocurrency exchange, our funds could be hacked or stolen. This is because attackers target crypto exchanges that hold large amounts of virtual currencies in hot wallets. If the exchange you use has already had negative experiences (it has been hacked), then you should search for another and more secure platform.
If you want to store Ripple, you should use software or hardware wallets. As a casino player, you should install a software wallet that is easy to use, free to download, and more secure than a cryptocurrency exchange. Instead, if you are a long term XRP holder, you should analyze whether to purchase a hardware wallet.
Software wallets are user friendly and do not require you to use any specific hardware device to handle them. You can simply download it to your phone and start sending and receiving funds from and to your wallet. When using a hardware wallet, you will have to purchase a hardware device that looks similar to a pen drive in order to protect your funds.
The best thing you can do is search for a software wallet that would let you hold your private keys and that would let you purchase XRP directly from it. In this way, you will be ready to send Ripple to your favorite gambling platform in just seconds, as transactions would get approved almost instantly.
↔️ How do Ripple deposits and withdrawals work?
It is now time to understand how Ripple deposits and withdrawals work. This is very similar to other virtual currencies. You have a wallet with XRP in it and you are simply sending the funds to the casino. But XRP has some differences compared to Bitcoin or Ethereum transactions. It requires you to use a memo.
You will not only have to copy the XRP wallet address from the online casino, but you will also have to copy the memo that they will share with you. An XRP address looks similar to a Bitcoin address, but you should make sure that this is only for XRP and not for Bitcoin.
If you have already pasted the wallet address in your wallet, you should also check the memo provided by the casino and paste it in the memo field as well. If you fail to do so, your funds might be lost forever. In some cases, the memo is not required, thus, this is also something positive.
You should definitely pay attention to the information you copy and paste. A simple error could end up with your XRP coins getting lost forever. If you want to play at online casinos using Ripple or any other virtual currency, you should make sure that you deposit and withdraw coins in the correct way. Otherwise, you could have a bad experience using digital assets.
It is also worth pointing out that when you withdraw funds from your XRP wallet, you should leave at least 20 XRP. This is because Ripple wants to avoid spammers. Consider this a one-time fee that you have to pay to use an XRP wallet. If you want to send 100 XRP to an online casino, you will have to buy 120 XRP the first time.
🎲 What casino games can you play with XRP?
There are a large number of games that you could play using Ripple. The games that would be available for playing would depend on the casino that you have chosen. Some casinos might offer better options than others. Therefore, you should make sure that the casino you have selected has the games that you want to play.
You will find slots, live casinos, table games, and unique in-house games on most crypto-friendly casinos. However, not all of them would have the same games supporting the XRP virtual currency. Some of the platforms might not have enabled this functionality. You should always check which are the possibilities offered by the casino. Remember that not all the games in an online gambling site would let you bet with XRP, even if it is available for a deposit.
Furthermore, you should consider searching for a cryptocurrency gambling site that would offer unique Ripple offers for you. Some of these casinos might have promotions and welcome bonuses for XRP users. Despite that, there are few casinos with this type of promotion right now.
🪙 What coins can be used for gambling besides Ripple?
There is a large number of cryptocurrencies that could be used to play at online crypto casinos besides Ripple. These coins include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT), and Monero (XMR), among others. Each of these coins is unique and would let you enjoy your gambling experience in a totally different way.
Bitcoin is the most popular cryptocurrency in the world. It is not only one of the most used, but it is also the first option for users to play at online crypto casinos. This is because most platforms are already offering support to Bitcoin and because there are some games that have been even created for BTC players. Nonetheless, Bitcoin sometimes has high fees, which makes it difficult for players to handle small amounts of money.
Ethereum is the second-largest cryptocurrency after Bitcoin and it is also used as one of the best digital currencies to play at online gambling sites. This coin is known for being the network to run smart contracts. Projects have released thousands of tokens on top of Ethereum.
Litecoin is also one of the oldest coins in the market as it was released 10 years ago. This digital asset is easier to handle as it has very low fees and fast transaction times. This is considered one of the best coins to perform transfers as the network has never been congested and it has very low fees compared to BTC and ETH.
Dogecoin is a meme coin that surged when Elon Musk, the CEO of Tesla, announced that he was a strong supporter of this virtual currency. Nowadays, this is one of the top 10 largest digital currencies, which shows that it is a resilient coin. Like Litecoin, DOGE has very low fees and it also has fast transaction times.
Monero is another virtual currency that could be used to play at online casinos. This coin focuses on privacy compared to other coins. Rather than publicly sharing information about transactions, wallets and funds transacted, Monero keeps the data protected. This is one of the best options for users that care about their privacy.
Finally, we have Tether, the largest stablecoin in the world. Tether is known for being a virtual currency that does not fluctuate when compared to the U.S. Dollar. Its price is always $1. That means that users are able to play at online casinos using Tether without having to be worried about fluctuations in the market.
🔎 KYC in Ripple casinos
Cryptocurrency online casinos require users to provide private information if they want to play with larger amounts of money. Know your customer (KYC) checks are already a common thing in online gambling sites that are licensed. This applies also to Ripple casinos that have a license from Curacao. There would not be KYC checks in crypto casinos that do not have a license.
You should read the Term and Conditions (T&Cs) and check whether the casino shares information about the KYC checks they have in place. Usually, they would request your information when you make a withdrawal. It happens during the first withdrawal or when you reach a certain wagered threshold.
Large players are expected to share their information and provide the casino with all the necessary information about them. If you are a small player and you only bet some XRP coins, then you might not even have to pass a KYC verification.
✔️ How to choose the best Ripple casino to play?
It is time to choose the best Ripple casino, but how to do so? There are some things that you should take into consideration and that would let you decide which platform to use.
Check their reputation
The first thing you should do before opening an account at an online casino is checking their reputation. What does it mean? It means that you will have to read reviews and complaints about this platform.
If you see that the casino has many complaints about withdrawals or unsolved issues, then this should be considered a red flag. You should avoid casinos with unsolved issues and with problems with their withdrawals. You want to be sure that if you deposit Ripple, you will be able to withdraw the coins when you want.
Moreover, you should check whether reviews give good comments about the website. Despite that, you should avoid paid review and recognize when a review has been paid by the casino itself.
If a casino has no complaints or they were able to solve many issues in the past, then this could be a good XRP casino to use.
Country check and Terms & Conditions
Before you open an account at an online crypto casino, you should make sure that you check the terms and conditions. This would let you know how the casino works and which things you can and you cannot do. At the end of the day, this is a contract that exists between the casino and the player, no matter if you use XRP or any other virtual currency to play.
One of the things that you should check at online casinos is whether your country is banned. Some platforms ban users from the United States. If you are located in the U.S. you should not try opening an account and depositing funds as your account could be suspended.
Furthermore, you should also make sure that you check whether it is allowed or not to use a VPN. Some casinos block this possibility, which means that you could get banned if you decide to play with a VPN activated.
Games
You will find a larger number of games in casinos that have a license than in casinos that operate without a license. Even those casinos with Curacao’s license (the most common one) have hundreds of games for users to enjoy.
Despite that, you want to make sure that the games that you want to play support XRP as a currency. In some cases, you will be able to deposit XRP to an online casino but they might not offer you a lot of games that could be played with Ripple.
This is why it is important to always check this information before opening an account and depositing funds at an online casino.
Welcome offers
If you are planning to start playing at online casinos with Ripple and you do not know which platform to choose, then you should analyze whether they have welcome offers. When you check the welcome bonuses, the first thing you should check is whether they reward you for depositing XRP or not.
The second thing you should check is the wagering requirements. This would let you calculate whether the bonus is worth taking or not. In some cases (most of the time), you will find that the welcome offer is usually not worth taking, as you would have to wager large amounts of money before being able to actually start using the bonus.
Nonetheless, the bonus offer should not be the most important thing to consider when selecting a casino platform to play at.
Loyalty programs
If the welcome bonus was not enough for you, have you tried checking the loyalty program? This could be a great way to start earning rewards as a loyal player. When analyzing loyalty programs, you should check their viability.
If you see that the first levels are very difficult to reach, then you should avoid these platforms. Why? Because they would require you to wager large amounts of money before you get rewarded.
Additionally, you should consider loyalty programs only if you are a player that would wager large amounts of funds or you will play during long periods of time at a single Ripple casino.
Withdrawal fees
Withdrawal fees are a very important topic for crypto casinos. When you deposit your XRP, you will not have to pay large fees. We know that Ripple has fees that are close to zero. Thus, you also expect the withdrawal to be in the same way.
However, some casinos have high withdrawal costs. This is because they claim that they need to pay for network fees. If you find that a Ripple casino is adding a withdrawal to pay for “network fees” then you should keep away from that platform. Ripple does not have high fees and transactions should be processed for under a cent.
Make sure that you choose the right online gambling site before you deposit funds, otherwise, playing with XRP would not make sense.
👍 Pros and cons of Ripple gambling
These are some of the pros and cons of Ripple gambling.
Pros
- It is one of the fastest cryptocurrencies to use
- XRP fees are close to zero
- Some casinos might have unique promotions for Ripple gamblers
- Online crypto gambling sites could offer crypto-related games for XRP players
- This is one of the fastest-growing cryptocurrencies in the world
- Some casinos might not have a large number of games available for XRP players
- XRP withdrawals could also require a “network fee”
- You are required to keep 20 XRP frozen in your wallet
- There is a small variety of XRP-friendly casinos