Ripple
Ripple
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What is Ripple?
In our days, new technologies, as well as new currencies, emerge on the financial market relatively often, so many online gambling establishments welcome them in their lists of available payment methods. It happens because these currencies bring more benefits for both customers and casinos. And one of the currencies is XRP provided by Ripple.
Ripple is a global payment solution, and money transfer network. This innovative project provides support for tokens linked to fiat money, cryptocurrencies, and other assets.
Ripple was emerged as an alternative solution for the banking system, not as an alternative variant to fiat money replacing the traditional model of the banking system.
Ripple’s primary clients are banks that use the xCurrent software solution to make cross-border payments with real-time transfer tracking. Regular users can also use Ripple's digital currency for general payments, including financial transactions processing deposits and withdrawals in/from online casinos.
The Ripple Payments are Extremely Fast and Incredibly Secured
This cryptocurrency is one of the main competitors to Bitcoin and Ethereum, and it happened not without purposes.
The payment system was intentionally developed for the banking industry, where a lot of money involved. Consequentially, many corporations like American Express or Siam Commercial Bank added Ripple to their services. This matter should increase the level of reliability and show the degree of protection. Knowing this, you can be entirely assured that this online casino payment method is one of the most secured compared to other cryptocurrencies.
The next crucial factor while choosing a casino payment system is the potential speed of financial operations. The transactional processes are entirely different from Bitcoin, and it creates a ground for faster money delivery. In the case of Ripple, you need to wait up to 5 seconds until your money reaches the destination.
Combining all these facts, many online gambling platforms understand the currency’s potential and add Ripple to their payment methods you can use for making deposits and withdraw your money as fast and secure as possible.
How to Start Gambling for Ripple in Online Casinos?
If you make a decision to find an online casino that can provide you with the payment method of Ripple, you need to deal with a side job.
Before making any financial transactions using Ripple and its currency of XRP, you need to purchase these coins. Initially, you need to get a special wallet, whether it is software or hardware, and set it up. The next stage is to locate your XRP address, which consists of 20-25 letters and digits. And only then, you need to find and choose a marketplace (exchange website) where you can buy the XRP coins.
Going through these steps, you will have the crypto coins and use them for your gambling purposes.
How to Make a Deposit via Ripple?
Depositing in an online gambling establishment is an easy task, especially when you are dealing with Ripple and XRP. First of all, you need to go to a Cashier section, where all payment deposit and withdrawal methods are. In the sub-section of Deposit, you will see Ripple (if an online casino supports it). Picking this payment method, you will be asked to type the amount of money you want to put in and provide the casino with your XRP address to your wallet (manually or with the help of a QR code).
The processing time of the deposit is literally a moment. Your Ripple casino balance will be credited with sent money instantly, and you can start gambling and be victorious right away.
How to Request an Online Casino Payout Using Ripple?
The primary advantage of using Ripple as a withdrawal option lies in the incredible speed. Compared to credit or debit cards, you do not need to wait an eternity to receive your winnings. When the moment has come, and you need to request a withdrawal, it is necessary to go to the Cashier section, choose Ripple, enter your XRP wallet address, and enjoy the winnings.
The Best Canadian Online Casinos That Accept Ripple
It is hard to claim that Ripple is the most popular payment method available for your use in online casinos. Still, casino players should not face any troublesome issues at finding online casinos that accept Ripple. Dozens of gambling platforms cooperate with XRP and allow gamblers to charge their accounts and consequently withdraw money. Our GamblerKey team gathered together gambling platforms that work with Ripple and supported this payment service for the mentioned above processes.
| Advantages of Using Ripple | Disadvantages of Using Ripple |
|---|---|
| Secured and fast transactions | Not widely accepted |
| Exceptionally small fees | Limited availability of Ripple casinos |
| Easy to use for beginners | |
| Supported by many payment providers |
Frequently asked questions
Can I play for real money using Ripple (XRP) in an online casino?
Absolutely! If you have found an online gambling platform that accepts Ripple, then you can experience real gambling for real money (crypto coins).
Are Ripple deposits instant?
The answer is definitely YES! You will appreciate the transactional speed between your Ripple wallet and casino account.
What is the minimum sum of the deposit that I can make via Ripple?
The minimal amount of money (coins) you can deposit into your casino balance is specified by the gambling establishment itself. Many gambling platforms (crypto casinos) give a shot to deposit relatively small sums compared to the traditional payment methods.
How do I know if an online casino accepts Ripple?
The first way you can check Ripple's acceptance of an online casino is to visit the official casino website and read through the section of Deposit Methods. The second and easier path is to check this information on our portal. It will save a lot of your time for sure.
