Best Ripple Casinos 2024

The Ripple project launched in 2012 and was originally called NewCoin, then OpenCoin, and finally renamed Ripple. There are 3 key components to Ripple. Ripple Labs itself is a company that develops, manages, and maintains the technology. The underlying technology that powers Ripple is called Ripplenet and the native cryptocurrency is known as XRP. It is important to note that Ripplenet does not use blockchain like many other cryptocurrencies. However, Ripple does use an open-source distributed database like most other cryptos.

The aim of Ripple was to build a real-time, fast, less costly, and scalable payment solution to other digital assets and legacy payment platforms like Swift. Essentially Ripplenet works like other distributed crypto networks in that nodes around the world validate all XRP transactions. There are many financial institutions and universities that are member nodes on Ripplenet. Each time a transaction takes place on the network, the nodes come to a consensus on the order and the validity of the transaction, which then gets written to the XRP ledger.

The ability for Ripplenet to facilitate cross-border payments in real-time, compared to legacy banking systems that can take days, and are extremely expensive, is why many large financial institutions are adopting the technology. Some of the big players include Bank of America, American Express, Barclays, HSBC, Royal Bank of Scotland, Santander, UniCredit, and various others.

The total number of XRP tokens that will ever exist is 100 billion, however, Ripple Labs still holds the majority of these in escrow. This cap on the number of tokens prevents inflationary effects, unlike most fiat currencies where central banks can print more notes if deemed necessary.

Thanks to the speed, efficiency, and low-cost transactions, it is no surprise that XRP has become such a popular cryptocurrency with casinos and players alike.

When it comes to the games offered by Ripple casinos, they are the same as the games you would find at a regular fiat currency casino. The best Ripple Casinos will offer games from all the big game developers like BetSoft, Big Time Gaming, Play’n GO, NetEnt, Microgaming, Pragmatic Play, Playtech, Red Tiger, Yggdrasil, and dozens more. Some crypto casinos may offer some unique blockchain-based games, but this niche is still in its infancy and may take some years until there is a large range of these games.

Included in this you will find thousands of slots, and hundreds of variations of table games like blackjack, baccarat, roulette, craps, and much more. Any decent Ripple casino will also offer Live Dealer games which allow you to interact with the dealers and even other players in real-time. Besides the regular casino games, many crypto gambling sites also offer bingo, poker, and sports betting.

When you are ready to join a Ripple casino, you will need some XRP in a crypto wallet to get started. A crypto wallet is essentially software where you store your digital currencies and can send and receive funds. The most convenient and popular crypto wallets are apps that you can download from Google Play or iTunes. There are many quality apps that are free to use. Besides smartphone apps, there are desktop and web-based wallets too, and for those that want the ultimate security, there are hardware wallets.

Buying XRP

Buying XRP is a fairly simple and straightforward process. You can buy XRP through almost all major crypto exchanges. The crypto exchanges allow you to exchange your fiat currency for the desired crypto at the prevailing market rate. Exchanges allow you to purchase with credit/debit cards, bank transfers, and other payment methods. Using any reputable crypto exchange is safe and easy to get your XRP. When you have XRP in your crypto wallet, you will be ready to make your first Ripple casino deposit.

Depositing with XRP

• Log into your Ripple casino account.
• Select the “Deposit” button or navigate to the banking/cashier tab.
• If there are various crypto options, choose Ripple/XRP.
• You will be shown a crypto address (long string of letters and numbers) and there might even be a QR code.
• Open your XRP crypto wallet and choose send/transfer. Enter the address mentioned above or scan the QR code. Check that you have entered it 100% correctly.
• Input the amount of XRP you want to deposit into your Ripple casino account.
• If you are satisfied with everything, submit/send.
• Wait a few minutes and your casino account balance should reflect the deposited amount.
• Play and enjoy.

Decentralization – Thanks to the decentralized nature of XRP, transactions are not controlled by centralized organizations or governments.

Secure – Thanks to the design and function of crypto, it is highly secure.

Anonymous – Contrary to popular belief, the vast majority of cryptocurrencies are in fact only pseudo-anonymous. This means that while your personal information does not need to be revealed like in a credit card transaction, the transactions you perform can be tracked through the public ledger based on the public address. Irrespective, this pseudo-anonymity means your bank and authorities will not see your transactions, and even if someone has your public address there is nothing they can do with it.

Reliable – Because XRP transactions take place directly between you and the Ripple casino, there are no 3^rd party payment processors, resulting in enhanced reliability.

Fast – Transactions with XRP are extremely fast. This is a great benefit when cashing out from the casino as you don’t need to wait days for the banks to process your funds.

Low cost – One of the primary features of crypto and especially XRP is the very low fees compared to regular banking and money transfer costs.