Ripple XRP Gambling Guide For 2024
Ripple is a real-time gross settlement company, currency exchange, and remittance network. Ripple was built on a distributed open source protocol and released to the public in 2012. Ripple Labs Inc. is the American technology company that created the payment protocol and the exchange network.
This page was created to give online gamblers more information about Ripple and to explain how to use the Ripple currency to fund an online gambling account. Without further ado, lets Ripple!
What Is XRP?
XRP is the decentralized native cryptocurrency used on the Ripple ledger. XRP is a digital token that represents the transfer of value on the Ripple network. XRP be bought with any currency and used on sites that accept the Ripple form of payment. You can also sell Ripple at its current market value.
XRP has a transaction cost of $0.00001 to prevent a DDoS attack. A DDoS attack is a denial of service cyber attack intended to disrupt services of a host connected to the internet. With every transaction $0.00001 disappears from the Ripple platform.
Best Ripple (XRP Accepted) Gambling Sites In 2024
The following betting sites accept Ripple XRP deposits and have been vetted by our team of industry professionals. Our team was giving specific instructions to check for security features, user-friendly banking options, proper licensing, and gaming compliance records. We feel comfortable suggesting the following sites based on their reputation, valid licenses, up-to-date compliance records, and entertainment value.
| Site Name | XRP Deposit Bonus | USA Accepted | Visit |
|---|---|---|---|
| Betonline Sportsbook & Casino | 50% up to $500 |  | Play Now |
| SB Sportsbook & Casino | 50% up to $500 | | Play Now |
| Wild Casino | 100% up to $3,000 | | Play Now |
Benefits Of Gambling With Ripple
Our team has found that there are three major benefits of gambling with Ripple XRP.
- processing speed
- anonymity
- low fees
While Cryptocurrency does have faster processing times over traditional banking methods, not all digital currencies process as fast as Ripple. Ripple XRP processes in 3 – 4 seconds compared to Bitcoin which is now up to about 10 minutes. Online players have found that using XRP will help keep sensitive banking information private.
How Can I Buy Ripple XRP?
Ripple can be bought at the vast majority of online crypto exchanges. We have listed the exchanges we feel are the safest options for consumers below:
In addition, Ripple’s official website has an excellent guide to buying ripple here.
What Is A Ripple Wallet?
Ripple wallets contain two keys; a public key and a private key. They are also used to access your funds and account information. Ripple wallets can either be software, hardware, or paper. Here are the differences.
Software eWallets
The most common Ripple wallets are software wallets. Software wallets can easily be downloaded and store XRP in a matter of moments. Software wallets are the most common because of their flexibility. Users can access software wallets on either mobile devices or desktop computers.
Hardware eWallets
Hardware wallets are physical wallets that can store sensitive XRP information. Hardware wallets come in zip drive format and can only transfer money when the key is entered into the computer. People gravitate towards hardware wallets generally when they are concerned with account security.
Paper eWallets
Paper wallets hold public and private keys to your XRP and stores them on a piece of paper. Users can print out the paper wallet and enter the keys to spend or accept XRP.
How Can I Gamble With XRP?
Recently more online gambling sites are starting to accept XRP. To confirm that a site accepts XRP you will need to navigate to the cashier’s page. There you will be able to choose the cryptocurrency option and verify that XRP is accepted. The sites we mention on this page all accept XRP and offer the following options:
- XRP Casinos
- XRP Sportsbooks
- XRP Poker Sites
What Else Can I Buy With Ripple?
Ripple XRP is still mainly used by financial institutions to process fast and secure payments. However, there are multiple other uses for the popular cryptocurrency. Below you will find a list of other services that accept XRP. To see a list of online retailers click here.
- Dining & Groceries
- Gaming
- Health & Beauty
- Hosting & VPNs
- Hardware
- Online Services
- SEO / Marketing
- Music
How Is Ripple Different From Bitcoin?
Ripple is different from Bitcoin in numerous ways, but the most notable is the fact that Ripple is backed by financial institutions as a way to process fast transactions. Ripple also has lower fees associated with transactions.
Other key differences include: Ripple is a private company, Bitcoin is public. There are only 21 million Bitcoins while there are 100 billion XRP coins. Bitcoin uses a “proof of work” algorithm, Ripple uses a “consensus” algorithm. The price of a Bitcoin is substantially higher than an XRP coin.
This video discusses a few more differences between the two coins: