Best Crypto Casinos That Accept Ripple (2024)

Having been around longer than many other cryptocurrencies, Ripple has a relatively good reputation-even if it is not nearly as well known as Bitcoin. However, this coin is becoming more popular as it grows and is finding support from many places including online casinos.

In this article, we will look at the best online crypto casinos that support Ripple. We will also explain exactly what Ripple is, what the altcoin issued by Ripple is, and all the other important details should know.

History of Ripple

Ripple began in 2012 and was the brainchild of Jed McCaleb. Unlike other altcoins, Ripple was not initially designed as a cryptocurrency. Instead, it was built to be a service that supports the instant and cheap transfer of fiat currency, crypto, and other commodities. Part of this service was the creation of XRP-the official Ripple altcoin.

After facing many lawsuits due to how Ripple Labs Inc. (the company behind Ripple) was issuing crypto coins, Ripple XRP was eventually delisted on popular crypto exchange Coinbase and seemed to have an unsure future. Thankfully, the coin has since regained its reputation and position.

How Ripple (XRP) Works

Ripple (or more correctly XRP) operates in much the same way as any other cryptocurrency: it operates by the means of a decentralized blockchain. This is the public ledger that keeps track of all XRP transactions and amounts owned by different users.

However, this is where the similarities between XRP and most other crypto coins-except for Tron (TRX)- stop. Like TRX, XRP cannot be mined by confirming blocks on the blockchain. In fact, almost 16% of users who do confirm transactions on the blockchain are from Ripple Labs Ltd.

This makes Ripple much less decentralized than other cryptos and has raised some concern over the amount of control one company has over the blockchain. However, these concerns have been quelled since other users began working on the blockchain.

These users-alongside Ripple Labs Ltd.-use consensus validation to ensure the blockchain is maintained and transactions are confirmed. This means that each block is scrutinized by multiple different users. If the data is agreed upon by all (or at least a consensus is reached), the block is added to the blockchain.

On average, this confirmation process and the addition of the block to the blockchain takes around three seconds-making Ripple almost instant. In fact, most of the crypto community generally agrees that the transaction time is instant. This alone makes Ripple stand out far above many other cryptos.

Ripple (XRP) Fees

Because of the blinding speed at which transactions are confirmed on the Ripple blockchain, transaction fees are extremely low.

The highest transaction fee ever recorded for this altcoin was listed at just over US $0.40-which is still significantly less than many other cryptocurrencies. Despite this, the average transaction fee for any XRP transaction is less than US $0.01. This makes it perfect for multiple deposits or withdrawals when gambling online.

Ripple (XRP) Wallet Requirements

XRP doesn’t require any specific wallet to be used to store or transact with the altcoin. Instead, you are free to use any supported crypto wallet. That being said, there are some recommendations about wallet choice.

Mobile wallets are recommended for multiple transactions that aren’t particularly high value. For the storage of large amounts of Ripple, paper wallets, hardware wallets, and cold storage should be used.

Pros of Gambling With Ripple (XRP)

Ripple is unique in more than a few ways. Because of this, there are numerous benefits to gambling using this altcoin. Some of these are:

Transaction Speeds

Thanks to the virtually instant transaction rate of Ripple, deposits into your player account are validated by the XRP blockchain almost instantly. This means that you won’t wait long for any deposit to reflect in your player account.

Service Fees

If you deposit into your player account regularly or withdraw winnings often (which is the hope after all), then Ripple service fees offer a large appeal. This is because the service fees are incredibly cheap-to the point where it is an effort to even consider them when performing transactions.

Secure

Because Ripple uses consensus validation, each transaction on the blockchain is safe and secure. This is due to the multiple validations each block receives. In turn, this means you can gamble online without any worry.

Cons of Gambling With Ripple (XRP)

Few good things in life have no downsides, and Ripple is no exception. Below are some of the disadvantages of gambling with this crypto.

Controversy

Because of the litigation and legal accusations against Ripple, many analysts are slightly concerned about the future of this altcoin. This could be detrimental to you should you have a large number of winnings in XRP and the value of the coin happens to crash.

Volatility

Along with the controversy surrounding the coin is worth volatility-which usually goes together. When bad news arrives, the coin loses large percentages of value. However, if you happen to have winnings in XRP when good news arrives, you may find your crypto to be worth much more than expected.

Not Entirely Decentralized

Another con to Ripple is that it is not entirely decentralized. This means that most decisions regarding the coin are made by one company-Ripple Labs Inc. This means you might need to be a little more cautious about investing in and gambling with a currency that has one company behind its main vision.

Ripple (XRP) vs. Other Altcoins Comparison

When compared to other cryptos, Ripple certainly holds its own. This can be seen in the table below:

Ripple - Conclusion

Ripple (XRP) offers amazing transaction speeds and virtually no service fees to speak of. By default then, this coin is primed and seems to be made specifically for the needs of online gamblers.

So, while there is some controversy that seems to surround the coin, we still recommend that you consider this altcoin if you want to gamble with your crypto online. After all, using a coin that you can easily cash out for next to nothing is pretty great regardless if you win big or small.