Ever heard of Ripple? One of the most successful cryptocurrencies out there is a great Bitcoin alternative in online casinos. Ripple promises better payments thanks to the inclusive and decentralized inclusive system.
In this article, you’ll learn more about the popular cryptocurrency and which casinos accept it.
Best Online Casinos with Ripple
Cryptocurrency casinos usually feature the likes of Bitcoin, Ethereum, and the such. Ripple is not among the most common cryptos on offer, but still, you can find it at many online gambling sites. Some of the top ones we can recommend include Bitsler and Betcoin.
All Ripple casinos affiliate themselves with a long list of software providers. As soon as you make a Ripple, deposit, you’ll get access to hundreds of games. The games span classic three-reel slots, modern video slots with special features and free spins, progressive jackpot slots, table and card games, and live dealer games as well.
The top Ripple casinos will also feature bonuses and promotions that can put a lot of extra money in your pocket. You can play Ripple games without cash, real money, or with a bonus, but before you claim a freebie, make sure to read the terms and conditions. You’ll surely need to meet certain requirements before you can withdraw your winnings.
If you become a regular at a Ripple casino, you’ll most likely get an invitation to that casino’s VIP program that will provide bigger and better prizes.
Ripple Casinos Software Providers
Many casinos with Ripple have games from the top software providers. The list includes studios such as Microgaming, NetEnt, and Yggdrasil, as well as numerous lesser-known names.
Some Ripple casinos such as Bitsler have their own proprietary software which means exclusive games you can’t find anywhere else. In the case of Betcoin, you’ll get video slots from numerous providers that are not so well-known, including Habanero and Endorphina. The Ripple casino also has a sportsbook if you want a break from all the gaming.
Ripple Deposits and Withdrawals
To use Ripple in online casinos, you’ll need to get a crypto wallet first. There are many options out there that will allow you to make deposits and withdrawals with ease. Simply load up your cryptos on them and use the address to make an easy deposit and play.
If you don’t know where to start, you can get in touch with the customer support team to get answers.
Ripple Casinos Restricted Countries
Leading Ripple casino Bitsler accepts players from most countries around the world. However, players from USA and France are unable to join. If you come from the UK, Italy, or any of the Nordic countries, you can enjoy making Ripple deposits and play Bitsler’s unique games.
Before you make your deposit with Ripple…
Cryptocurrencies, what are they?
If you’re reading this, you’re probably interested in what Bitcoin, Ethereum, Ripple, Monero, and Litecoin are. These are what people are calling “cryptocurrencies” – and they are digital currencies that exist only in the form of software. You can send and receive these currencies anonymously, but they’re still a new phenomenon in the world of finance and a little bit mysterious.
What makes cryptocurrencies different is that you can’t store your bitcoins or Ether or whatever in a physical wallet like a bank account. So when you buy cryptocurrency you’re really buying an internet address (a virtual, unique address), which is a kind of username or identification, and a little bit of computing power. You tell the website you bought the currency from where you want to receive the currency. These websites are pretty much like banks, in that you don’t interact with them in person – you deal with a third party on the internet. The websites run software on their own computers – bitcoin, for example, runs on thousands of servers around the world – and you don’t have to share your personal information with them. All the software they run is open source and made available to anyone.
The mechanics are these. But the innovation is in the application of these currencies. You can send money to anyone, anywhere in the world, with no fee. You can get the money back – and make lots of money in the process – for fractions of a penny. And these are just the basics. There are dozens of cryptocurrencies, each with its own special attributes, features, and benefits. And they all work together, forming a network that enables users to make transactions instantaneously, and transparently, without relying on any single institution.
What is Ripple?
Ripple is a technology that enables direct transfer of financial information (such as currencies) over the internet. It is an open-source protocol that has been in use since the mid-1990s. In 2002, Ripple Labs, a team of startup and private investors, developed the open-source protocol. The success of the technology has been the basis for multiple startups and other large companies who have built on it.
Ripple is based on a distributed ledger technology. The network itself is a network of validating servers which both maintain the state of the ledger and validate transactions. The distributed nature of the network allows for quick confirmation times for transactions, which is important for fast global payments.
Ripple is supported by financial institutions including major banks and payment providers. As such, Ripple is used in a wide range of transactions, from remittances to remittances between banks.
How to get Ripple On Exchanges
You can buy XRP on-exchange using one of the following methods: The Kraken exchange sells both XRP and cryptocurrency in a single transaction. All you need to do is deposit funds into your account and click “buy XRP” From Coinbase you need to register and register as a consumer, then go to the “direct deposits” section. There are also several markets where you can buy XRP, such as Binance or BTC-E. Both the dealer and customer versions of each exchange have separate exchange rates that they charge on each sale. Find the XRP/cryptocurrency section and deposit funds. By taking into account all these different factors, we recommend to look for the best exchange to buy XRP on-exchange. For a complete list of all exchanges we could recommend, see the FAQ on their page.
What are some of Ripple’s downsides?
The advantages of Ripple that attracted investors were the token and network, its liquidity and efficiency, its level of privacy and remittances across borders and high market liquidity, which makes it an attractive investment, but they also had some disadvantages, mainly the lack of a trading platform and the fact that Ripple was not a corporation. Even though there are many companies developing cryptocurrencies and payment systems, the platform Ripple does not appear to have any financial or tech connections. Instead, it was developed by a group of ‘independent developers’.
How to get Ripple
Via the XRP Ledger, you can receive Ripple (XRPL). You can buy Ripple on Binance.
A private open-source protocol is the XRP Ledger (XRPL) Ripple network. That ensures there are no tokens or coins on the XRPL that are openly traded. Instead, XRPL coins (called tokens or units) are issued to incentivize validating nodes, while raising funds for development. The XRPL is a decentralized network that validates transactions.
While Ripple is a privately-held company and operated primarily in the United States, XRP is a global currency with a tremendous potential. It provides an easy and inexpensive means of remitting currency, small transactions, and cross-border remittances. But the potential doesn’t end there. It could be the answer to the need for financial inclusion for the developing world, or the solution to the monetary crisis in countries such as Zimbabwe and South Africa. The foundation of XRP lies in its native cryptocurrency, which is referred to as the XRP ledger. Its XRP ledger is maintained on a blockchain server distributed network that operates on applications written by Ripple Laboratories. This software is distributed under the open source code-name open-ledger protocol (Lenz).
The XRP ledger consists of a distributed smart contract structure that is protected by a validation service network that uses cryptography to validate transactions. It records balances of more than 20 billion XRP tokens and validates transactions every ten minutes. Ripple recently released its first product, XRapid, which was designed for banks to process remittances in developing countries. More than 40 financial institutions in 51 different countries now belong to the Ripple network.
The network and the platform itself are owned and operated by Ripple Labs. It was started in 2020 by Ripple Labs as a distributed financial platform. Ripple Labs’ main objective is to solve the underlying problems of today’s global financial system. With its powerful technology and over 20 million dollars of investment, the company is actively striving to build a new financial system that empowers the global consumer, and uses XRP to facilitate fast and cheap transactions.