XRP Gambling Guide: games and betting at the best Ripple Casinos
In the cryptocurrency community, many people see Ripple as a black sheep. Some of them look askance at this network and do not even take it for a cryptocurrency. The third category does not care about that at all, but the fourth one enjoys making use of these protocol’s features and asks for more.
Ripple (XRP)
Type
Cryptocurrency
Number of casinos123
1
Recommended
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9.7/10
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XRP Casino Games in 2024: a thin line between love and hate
True, this Ripple system is quite particular. The computing power of your GPU, CPU, or ASIC devices farm does not mean anything in this case. All of that makes no matter, as there is even no room for such a concept as ‘mining’ when we are talking about Ripple. One hundred billion XRP were created in the very beginning; there were no plans for new emissions.
Ripple has often been called ‘centralized’, and it might confuse inexperienced crypto-gamblers. There is no oxymoron because the network does not rely on blockchain technology, which is traditional for the majority of cryptocurrencies. Do not be disappointed though as the unique mechanism of this system brings some serious benefits nonetheless.
The user data privacy does not go away, too. Add that to other benefits, which are going to be described below, and you will see that Ripple has a lot to offer for the gambling games industry. But first things first, so let’s find out the difference between Ripple and XRP, and where the fuss over decentralization comes from.
Crypto casinos accepting Ripple
Ripple is still relatively popular among casinos that accept cryptocurrency. This payment method is not as prevalent as Ethereum or Tether but there are more than enough casinos where you can gamble with XRP.
Our top 6 XRP casinos include the best casinos and sportsbooks where you can use the Ripple currency. You should not worry about the reputation of these websites as they have long been known in the industry. Some of them even received prestigious awards. So all you have to do is choose a casino or sportsbook you like and start your XRP gambling journey.
Dive into BC.Game’s world, a captivating online casino featuring an outstanding VIP program and a truly immersive gambling environment. With Ripple as one of their payment methods, BC.Game ensures fast, secure, and cost-effective transactions, making it a convenient choice for cryptocurrency enthusiasts.
Ripple, a prominent cryptocurrency designed for fast and cost-effective transactions, is one of the many payment options available at BC.Game. Ripple’s advanced technology allows players to benefit from rapid transaction times and low fees, making it an excellent choice for online casino gamblers. Now, you can forget about the high fees that you have been paying for years, and switch to the Ripple’s network!
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WolfBet is a really cozy Ripple gambling site with some unique features. We can no longer call it a ‘small’ XRP casino as its number of active users is growing rapidly. Despite a somewhat limited choice of casino games, this website offers a lot of interesting promotions which include free crypto giveaways among other things.
Users of Wolf.bet can use XRP to play three casino games, namely Dice, Limbo, and HiLo. These Provably Fair games are incredibly easy to play and load very quickly. Those players who are tired of excessive complexity and want to pass the time playing simpler casino games are going to like them a lot. It is worth noting that the website has the iTech Labs certificate, which confirms the fairness of the random number generators.
One of the best selling points of Ripple casino Wolf bet is its house edge. In each of the three games, this percentage is as low as 1%, which means that 99% of the winnings will go directly to the player. It is important because most popular slots have a significantly higher house edge percentage so players receive less money from their winnings.
Users of this website have recently gotten an opportunity to engage in sports betting using Ripple. The sportsbook has such popular sports as soccer, tennis, basketball, hockey, snooker, and many others. There are e-sports, too: you can bet on CS: GO, Dota 2, and League of Legends. You can compare the odds to other popular sportsbooks to get an idea about whether they are more profitable or not.
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The Ripple protocol was created as an alternative way of sending money and settling transactions. Ripple is not a cryptocurrency in and of itself; the system is using a digital asset called XRP for that purpose. However, both names are often used to denote the currency at the core of the system, or even interchangeably.
XRP is a digital asset issued by XRP Ledger. According to Ripple.com, this asset is ‘capable of conducting transactions in 3-5 seconds’. XRP Ledger, in turn, is an open-source blockchain platform. Like other cryptocurrencies, XRP can be sent directly without confirmations and approvals from financial intermediaries.
This way, you can use XRP to bridge the gap between two different currencies or assets, significantly increasing the speed of financial transactions.
The philosophy behind Ripple envisioned the creation of an effective system that would facilitate direct money transfers. Such a system would also be settling transactions in real-time, making it in a more cost-efficient, fast, and transparent way as opposed to similar systems that were used in traditional financial institutions.
It is in this context that we should also mention a concept called the Internet of Things. Its idea is that people should be able to send money and information at the same speed. In other words, sending money to your family should take the same amount of time that it takes to send a text message in your favorite messaging app. Ripple promotes similar ideas.
No blockchain?
The Ripple network does not need a decentralized ledger. At least, this is what the creators were thinking when they created their own consensus algorithm. With this algorithm, the confirmation of transactions rests with certain nodes (or servers), which should make sure that a sender has enough money to make a transfer. These nodes are also called validators because they confirm the validity of transactions.
That being said, XRP, Ripple’s own token, is built on a blockchain. So, we can say that it is a centralized system powered by a decentralized asset.
Ripple or XRP?
Ripple is a system for payment and settlement operations. XRP is a cryptocurrency that allows you to conduct transactions in Ripple. Comparing Ripple to SWIFT, which is a leading global interbank payment system, XRP is something similar to those fiat currencies that are used inside SWIFT.
Advantages of Ripple gambling
How do you think, which way allows sending money across the Atlantic ocean faster: the use of modern payment systems or a flight on 1927 Spirit of St. Louis monoplane while holding a bag of cash? The first case implies making a SWIFT transfer that takes up to 2 days, while Charles Lindbergh managed to get from New York to Paris in 33 hours in the first third of the 20th century.
Thankfully, the third millennium has been swarming with innovative technologies. Ripple payment protocol has required more than ten years of development to become one. Here is what it offers today.
Really cheap transactions
For the time being, it is 0.00001 XRP while 1 XRP is about $1 at the current rate. Do you feel the difference? This fee can increase only in extreme cases like network overload.
Really fast transactions
This is where the ‘centralization’ of Ripple proves its worth, enabling people to make payments in just a few seconds. Since there is no need to solve math problems and add transactions to blocks, it makes transfers a lot easier as opposed to traditional cryptocurrencies.
Easy currency exchange
You can exchange your local currency for any other by means of XRP. The fees will be as small as possible.
Bitcoin Bridge
With this feature, a user can put money into a BTC wallet with help of most currencies. There would be no need to use exchanges that charge their commission fees. In other words, you can send bitcoins without de facto buying them.
Use cases in large organizations
Ripple has something that most other altcoins do not have, which is successful partnerships with real-world organizations. For instance, Ripple Labs and Santander created One Pay FX, a service that allows making cheap international payments, in a collaborative effort. Another example is their partnership with a Malaysian payment system called MoneyMatch, which helped to make international money transfers cheaper.
Well-turned synthesis
They say that the creators of this network took the best out of both fiat money and cryptocurrencies, combining it into a powerful payment system.
Its features fit in with cryptocurrency gambling just perfectly:
Super-fast system transactions hint at making deposits and withdrawing money from XRP casino accounts being no less fast.
The cheap cost of transfers allows putting money at any convenient time while also sending the amounts you want. Who knows, maybe you will snatch a jackpot playing with the saved money.
While the transaction info is public, payment data are not available for viewing. By doing so, Ripple keeps your identity private.
Even if you are unbanked, you still can send funds via the Internet by using XRP.
Your local money does not have enough currency pairs? You still can use it to make a deposit at a cryptocurrency casino by using Ripple.
Even though XRP tokens were not intended to be an investment, their price does tend to surge nicely because of the efforts and long-term plans of the developers.
XRP gambling drawbacks
Before you start gambling with Ripple, you should make sure that this payment method is suitable for your gaming needs. Like any other digital currency, XRP has a range of features that may be defined in a negative way. If they are not what you need, you may want to look for other options for casino gambling.
Centralized control
The lack of control from banks and governments has been one of the key advantages of the first cryptocurrencies right from the beginning. In case of Ripple, there are more than a hundred validator nodes that have control over the emission of new XRP tokens. Each new validator should be approved by 51% of the existing validators, which have initially been selected in a centralized way.
Legal proceedings
In December 2020, all XRP holders were anxiously reading the latest news. The United States Securities and Exchange Commission decided to see what is going on with Ripple Labs and whether it is legal for them to decide when and how they issue new XRP tokens into circulation. As the result, Ripple was delisted on several cryptocurrency exchanges, including Coinbase. For the time being, it is unclear how these proceedings will play out.
Pre-mined XRP supply
There is a large number of XRP somewhere on someone’s accounts. This currency does not involve the mining process where you have to spend electricity in order to solve complex problems. Theoretically, large amounts of XRP may be introduced into circulation whenever it is convenient for the parties that have control over that initial supply. It may also have a decisive impact on the XRP price.
Faucets with free Ripple
You can often see so-called Ripple faucets here and there on the Internet. With their help, you can allegedly earn some XRP while watching ads or doing something else. Ripple faucets are usually websites that contain a large number of ad banners, which payout crypto for your staying on their resources and, basically, your ad views. Accumulating a certain amount of XRP, users can withdraw them to their XRP wallets, or at least this is how the story goes.
In real life, it is a very tedious and sometimes even dangerous way to ‘earn cryptocurrency’. Many fraudulent websites are disguised as crypto faucets. So if you want to use XRP for casino gambling, you would be better off if you buy some crypto on a trusted exchange.
Getting started with Ripple (XRP) gambling
Before putting crypto into a casino account, you should get this money somehow. It is not difficult, but you would need to register an account on some crypto exchange. Choosing one from the list on the Ripple’s official website is one way of doing that.
According to Coinmarketcap.com, the biggest daily XRP trading volumes are on the following cryptocurrency exchanges:
Binance
Huobi Global
Bithumb
KuCoin
Gate.io
The most traded pairs are XRP/USDT, XRP/KRW, XRP/BTC, and XRP/USD. After the registration, you will get access to the currency exchange feature. Choose a convenient currency pair and a suitable rate, and then place an order to buy. That being done, you will be able to send your XRP to a Ripple casino’s address.
