Information about Ripple casinos
Ripple is a digital payment network and cryptocurrency that operates on a peer-to-peer decentralized platform. With major banks and financial services among its customers, it allows the instant transfer of both traditional currencies and crypto.
You may have seen the acronym XRP around. This is the name of the token that Ripple uses for transfers and payments, and it's possible to make XRP casino deposits, as well as buy products and services online.
Continue reading on this page to find out how you can make deposits in XRP casinos. You'll also see information about the history of Ripple, the pros and cons of using it and how to find a great bonus offered by Ripple casinos.
Ripple – a leading crypto network with a troubled history
Ripple started life under the name of OpenCoin in 2012, the product of several years' work between Jed McCaleb, Chris Larsen and Ryan Fugger.
Like with Bitcoin, the aim was to create a monetary system that could empower individuals, rather than global banks and governments, hence its decentralized nature. Running the network on blockchain meant that transactions would be verified by consensus rather than just one powerful entity, and it would also make fraud much more difficult to carry out.
After a substantial financial boost from angel investors, OpenCoin changed its name to Ripple Labs, Inc. in 2013 and started to attract the interest of major banks wanting to use its system.
Over the next five years, over 100 institutions had registered, but many of them were only using the Xcurrent technology; Ripple's software that allows enhanced transfers, rather than the XRP cryptocurrency.
This widespread use was great news for Ripple, but there were some serious problems along the way. The U.S. Securities and Exchange Commission (SEC) launched a lawsuit against Ripple in 2018, claiming that the company had broken strict financial rules by 'creating billions of coins out of thin air' and making a huge profit by selling them to the public. Ripple CEO Brad Garlinghouse furiously denied the charge, but the ongoing case was enough for crypto platform Coinbase to delist XRP at the end of 2020.
Despite these issues, Ripple is still going strong. After the price of an XRP trebled just before the lawsuit, fears that it would crash proved unfounded. Everyday users can still use its services completely legally and XRP's prospects look good should it win the court battle.
Its user-friendly nature and widespread adoption mean it's available for a wide range of online services, and it looks set to be one of the leading crypto payment networks for some time to come.
The pros and cons of Ripple
Ripple has a solid history when it comes to payments, which is why so many banks rate its service. Perhaps its standout feature is its capacity to handle 1,500 transactions per second, putting it on a par with Visa. There are very rarely network jams that plague Bitcoin, for example, and users can expect their payment to complete instantly.
Also, the fact that it is affiliated with so many large banks should give users peace of mind when it comes to security. While some cryptos have been linked to criminal activity, this isn't the case with Ripple which is backed up by many reputable institutions. The chances of you being subject to fraud via Ripple are extremely low.
Another big plus is that it's virtually free to use the service: in fact, this may well be Ripple's advantage over its rivals. While Bitcoin and Ether sometimes incur some charges, Ripple requires fractions of a cent for transfers. There have been a few examples of huge transactions worth millions of dollars costing only a few cents.
Ripple doesn't come without its negative points, though. Like with any other crypto, if you send your payment to the wrong place, then the chances of you getting back are very small: you would have to rely on the good nature of the recipient, if you can even contact them at all. Ripple doesn't own the XRP ledger and doesn't have the power to reverse transactions.
It's often overshadowed by Bitcoin and Ethereum, too, so you probably won't find it in as many places as those — fewer online outlets recognize it as a payment method. There are much more Bitcoin casinos and Ethereum casinos than ones that accept XRP.
Note: You also have to be familiar with using cryptocurrencies to make transactions with Ripple, of course, which may include opening a wallet. The next section will tell you how you can make an online casino deposit using XRP.
How to use Ripple to make online casino deposits
So, you've opened a new account at the casino of your choice, you have XRP ready and waiting in your wallet, and now you want to make a deposit to start playing games. All set?
Crypto deposits aren't quite as simple as with traditional banking methods, but they're also not that complicated if you follow these steps correctly.
- Go to the casino's cashier and choose Ripple, or XRP, as the payment method
- The casino's wallet address and/or QR code should appear. Copy or scan this, whichever is necessary or suitable for you
- Go to your wallet's payment section and paste the address or scan the code there, plus the amount you'd like to deposit
- Double-check all the details are correct and click confirm.
Ripple's quick service means the transfer should be instant. If it isn't, then give it an hour or two before contacting your wallet and/or casino to see if everything is in place with the payment.
Note: Withdrawing to your Ripple wallet is possible, but this depends on the terms and conditions of the wallet or casino in question. If you can do it, then you'll just follow a very similar process to above. If not, then you'll need to find an alternative withdrawal method.
How to find the best Ripple online casino for you
Casino Guru is here to help you find safe and reputable casinos that you can enjoy without being worried about bad service or unscrupulous behaviour. For that reason, we've designed this page to help you find Ripple casino reviews and ratings and to use in-built filters to refine your search.
The 'Recommended' tab is a good filter to start with. Clicking this will show you the best Ripple casinos according to our assessments. These are the ones with the highest 'Safety Index' that we calculate by looking at factors such as the casino's customer service and player complaints.
Other filters include 'Newly opened', which gives you new XRP casinos on our radar. These might not be as established as some of the recommended sites but could also have some nice welcoming offers as they try to build their reputation. The 'All' tab, meanwhile, lets you see the complete list, when selected.
How to find Ripple casino bonuses
Bonuses are a popular aspect of internet casinos and can sometimes be very appealing, especially the no deposit bonuses that effectively offer you something for nothing – only a few personal registration details. Deposit bonuses, those you sometimes get after putting down a casino payment, can also work out to be a nice perk once you follow certain conditions.
Finding XRP casinos that offer bonuses is simple. Just go to our list of casino bonuses and choose 'Ripple' in the 'Payment method' filter. You can narrow these down by type by choosing the kind you prefer in the 'Bonus type' section, so if you're looking for deposit bonuses, then choose 'Deposit bonus' there. Another way of getting these is by going to our list of deposit bonuses and choosing 'Ripple' there.
You should only see bonuses relevant to the date of your search due to the Casino Guru team working regularly to keep the list up to date.
